Month: August 2024
Kujira Foundation’s Tokens Stung by Its Own Leveraged Positions as Bets Backfire
The developers said the team’s positions were “targeted” and they plan to create an operational DAO to take ownership of the Kujira Treasury and core protocols.
Man Pleads Guilty to Theft After Crypto.com Refunded Him $6 Million Instead of $65
A couple got refunded $10 million rather than $100 and started spending. Years later, they face time in prison for their actions.
Meet Haust Wallet
Decentralized wallets are integral components of the cryptocurrency and blockchain ecosystem, empowering users to store, manage, and transfer digital assets without relying on a centralized authority. Despite their advantages, these wallets face significant challenges in terms of fragmentation and security. Fragmentation Fragmentation in decentralized wallets stems from the multitude of blockchain networks and the lack … Read more
FBI issues warning about scammers impersonating crypto exchanges
The FBI urges victims to report scam activities through official channels and provide any transaction information related to the scam.
Worldcoin spreads across Europe with Austria digital ID launch
Worldcoin expands its digital ID verification technology to Austria, offering residents in Vienna access to the World ID system with multiple locations throughout the city.
Pump and Trump
Image: Cath Virginia / The Verge; Getty Images Inside the MAGA-fueled fever dream of the 2024 Bitcoin Conference. Continue reading…
Quark Stars
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Bitcoin network difficulty breaks 3-month downtrend to mark new ATH
Bitcoin’s network difficulty rose by over 10.5% on Aug. 1, 2024, breaking a three-month-long downward streak to mark a new all-time high.
Rediff, once a pioneer of internet services in India, sells majority stake for $3M
Payments infrastructure firm Infibeam Avenues has acquired a majority 54% stake in Rediff.com for up to $3 million, a dramatic twist of fate for the 28-year-old business that was the first Indian internet firm to list on NASDAQ back in the year 2000. Founded in 1996, Rediff rode the initial dot-com wave to become one … Read more
Programming a CH32v003 with light
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Risks Are Skewed to a Weaker Nonfarm Payrolls Print, ING Says
A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.
Solana DEX Raydium Sees RAY Drop 5% After Twitter Meme Coin Misfire
The decentralized exchange attempted to launch a meme token using Twitter tool makenow.meme, but things “didn’t exactly go as expected.”
Ethena Labs’ USDe launches as margin collateral on Bybit with 20% APR
The integration will also offer Bybit users daily airdrop rewards for holding Ethena’s USDe.
Kujira proposes DAO to tackle liquidity, security issues
Facing liquidity challenges and security exploits, Kujira plans to establish an Operational DAO to stabilize its ecosystem.
Nvidia faces two DOJ antitrust probes over market dominance
Cath Virginia / The Verge The US Department of Justice (DOJ) has reportedly launched two separate probes into Nvidia regarding antitrust concerns about the computing giant’s AI-focused business dealings. The first investigation, reported by Politico, will see the DOJ examine Nvidia’s buyout of Run:ai, while the second, as reported by The Information, will assess if … Read more
Kamala Harris Can’t Cede Crypto to Trump, Could be Difference in Battleground States: Think Tank
The Presumptive Democratic U.S. presidential nominee cannot afford to cede crypto to Donald Trump and luring crypto voters and donations away could “make a difference in key battleground states,” OMFIF wrote.
Is Ethereum price about to go under $3K?
ETH price has declined 10% since the approval of spot Ethereum ETFs, with open interest depreciating by over $250 million over the past 24 hours.
Terra Founder Do Kwon Will Be Extradited to South Korea—Court Says It’s Final
The August 1 ruling marks the conclusion of a protracted legal saga involving multiple appeals and judicial reversals on Kwon’s extradition.
Educational Byte: What is MetaMask and How to Use It with Obyte?
Cryptocurrency wallets are a type of light software needed to interact with a decentralized network, like Bitcoin, Ethereum, or Obyte. As the name suggests, they mostly work to store funds and make payments, but using different kinds of decentralized apps (Dapps) is also on the table in the crypto world. Every distributed ledger often has … Read more
Raghav Jerath Unveils Hydro’s Vision for Ad-Free Content Monetization
Ishan Pandey: Hi Raghav J, it’s a pleasure to welcome you to our ‘Behind the Startup’ series.Can you share the journey that led to the creation of Hydro Online? Raghav Reggie Jerath: Hi Ishan, thank you for having me. Hydro is a problem ive been trying to solve for the last 6 years, – provide … Read more
ARK Invest Sold $14.8M of Coinbase Shares Thursday Ahead of the Exchange’s Earnings Report
Coinbase revenue beat Wall Street analysts’ expectations, while profit came in lower than the consensus.
Bitflow and Leather Wallet Join Forces to Simplify Bitcoin L2 Asset Swaps
Bitflow has announced the integration of its swap function into Leather, a prominent Bitcoin wallet. This development, set to roll out on August 1st, 2024, aims to simplify asset swapping on Stacks for Leather’s user base of over 370,000. The integration addresses a key challenge in the crypto space: user experience. By embedding Bitflow’s swap … Read more
Terraform Labs co-founder and crypto fugitive, Do Kwon, set for extradition to South Korea
The Appellate Court of Montenegro ruled on Thursday that Terraform Labs co-founder, Do Kwon, should be returned to his home country, South Korea. The ruling confirmed an earlier decision in April from the High Court of Podgorica which rejected a request to extradite the crypto fugitive to the U.S. The extradition date for Kwon to … Read more
Hong Kong’s Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report
For the moment, only bitcoin and ether can be traded, while the company works on “expanding our crypto offerings in the near future.”
Meta’s Threads crosses 200 million active users
A day after Meta CEO Mark Zuckerberg talked about his newest social media experiment Threads reaching “almost” 200 million users on the company’s Q2 2024 earnings call, the platform has touched the milestone. Instagram head Adam Mosseri confirmed that the Twitter rival has reached 200M active users in a post on Threads. Meta has taken … Read more
Suno defends AI training with copyrighted music amid RIAA lawsuit
The outcome of the case could set a precedent, not just for Suno and Udio but for the broader AI and music industries.