• Aug 12, 2024

Bitcoin ETFs on Pace to Hold More BTC Than Even Satoshi

After months of accumulating billions of dollars’ worth of Bitcoin, the successful Bitcoin exchange-traded funds (ETFs) that launched this year are set to soon collectively hold more of the leading cryptocurrency than its mysterious, pseudonymous founder, Satoshi Nakamoto. A chart posted on Twitter (aka X) on Monday by Bloomberg ETF analyst Eric Balchunas shows that the 10 spot Bitcoin funds now trading on American stock exchanges now hold close to a million digital coins when tallied up. While...

• Aug 12, 2024

Bitcoin Price Jumps as $2 Billion in Mt. Gox Repayment Funds Moved

Mt. Gox's Bitcoin billions are on the move again—and the leading cryptocurrency's price is on the rise. Blockchain data tracking firm Arkham Intelligence on Tuesday flagged on-chain movements from a crypto address that had received over $2 billion in Bitcoin from the collapsed exchange. The address, Arkham said, had initiated test transactions ahead of expected repayments to affected users—and then the entire balance of over 33,000 BTC (worth $2 billion at the current price) was moved to another...

• Aug 12, 2024

UNFK Gives Artists $10,000 for ‘Community Prank’ Mocking Gary Gensler

Meme-powered movement for change UNFK has given away $10,000 in SOL tokens to artists in its first “community unlock,” following a recent meme competition poking fun at U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The “community prank” competition awarded $10,000 in prizes to people for memes that “Give Gensler the Finger” with the hashtag #FireGensler. Judged by NFT collector Cozomo de’ Medici, the competition had such a large turnout that it dominated the hashtag’s search...

• Aug 12, 2024

Coinbase Re-Enters Hawaii Market as State Goes Hands-Off

Residents of Hawaii, who for years have been prevented from accessing most cryptocurrency exchanges due to the state's longstanding restrictions, will again be able to use Coinbase, the company said Wednesday. “With recent state regulatory changes paving the way, we can now bring our products and services to Hawaii and empower residents to participate in the crypto economy,” said Faryar Shirzad, chief policy officer for Coinbase, in a statement. The company had pulled out of Hawaii in 2017 after...

• Aug 12, 2024

Dead Dad Coin: Why an Artist Funneled His Grief Into a Meme Token

Strange things have happened in the meme coin space in recent months. We've seen a Solana developer end up in the hospital with third-degree burns trying to boost his coin, purported incest used to induce traders to pump a price, and rappers and reality TV stars launching their own tokens. And that’s just the tip of the iceberg. Thousands of wild tickers inspired by dogs, cats, presidential candidates, and more are emerging daily, but one in particular—bluntly and somewhat morbidly named "Dead D...

• Aug 12, 2024

Bitcoin Still Trading Flat After Trump-Musk Interview Avoids Crypto

Crypto markets showed little movement during European trading hours on Tuesday, with Bitcoin and Ethereum both experiencing slight dips despite overall weekly gains. This comes a day after former U.S. President Donald Trump's highly anticipated Spaces interview with Tesla CEO Elon Musk on Twitter, which notably lacked any mention of cryptocurrencies. At the time of writing, Bitcoin was trading at $59,398.28 after a sleepy start during European hours. The Bitcoin price is currently up 2.5% over t...

• Aug 12, 2024

Optimism Pushes for 'Interoperability' Between Affiliated Blockchains

Optimism-affiliated networks, including Coinbase's Base, that are part of the Superchain rely on Ethereum to communicate with each other in order to move assets, which tends t...

• Aug 12, 2024

Canadian Crypto Exchange Guilty of Gambling Away $9.5 Million in User Funds, Says Judge

Defunct Canadian cryptocurrency trading platform ezBtc has been found guilty of diverting $9.5 million (CAD $13 million) of customer assets into gambling sites and lying to customers. The platform operated between 2016 and 2019 and was run and incorporated out of British Columbia by founder David Smillie. The platform stopped operating in September 2019 and the company was later dissolved in 2022. ezBTC allowed consumers to buy and trade various popular cryptocurrencies, telling customers the as...

• Aug 12, 2024

Meme Coin Traders Hate the Flood of Tokens on Pump.fun

As Donald Trump and Elon Musk spoke on Twitter Spaces, it marked the opening of what’s been touted as the Pump.fun Olympics. Over a three hour period, 10,000 tokens were launched by the meme coin factory. But degens weren’t happy about it. “How is this a good thing anymore?” Tyler Stockfield (better known as Anon) wrote on Twitter, “Nobody is having fun anymore besides the Pump Fun team raking in fees.” Pump.fun is a token launchpad that gained popularity due to it enabling anyone to create a co...

• Aug 12, 2024

Australian Jailed After Spending Millions From Accidental Crypto.com Refund

An Australian man whose partner was accidentally refunded millions of dollars by Crypto.com has been jailed after embarking on a "flurry" of spending. Jatinder Singh, 39, has been sentenced to serve three years in jail by the County Court of Victoria after pleading guilty to the theft of $4.4 million, per reports in local news media. In May 2021, Singh tried to deposit AU$100 ($65) into his Crypto.com account back in May 2021 using the bank account of his partner Thevamanogari Manivel, 41. The c...