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.
Month: August 2024
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.
Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate
Bitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April.
Null-Restricted and Nullable Types
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Bitcoin Still Offers Attractive Risk-Reward Ratio, On-Chain Indicator Shows
Long-term holders are motivated to hold at bitcoin’s going market rate, implying an attractive risk-reward for existing or potential investors, according to the “reserve risk” indicator.
Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos
Traditional markets from the U.S. to Japan saw declines across major indexes and stocks, with the tremors seeping into the cryptocurrency market.
Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors
India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed.
X suspends account that let users launch memecoins from an X post
The “makenowmeme” account on X purportedly provided a way for X users to create memecoins on Solana with a simple post.
98.6% of memecoins on pump.fun fail to even launch
Pump.fun crypto memecoins that make it onto Raydium have fallen since February and have remained “stagnant” at around 1.41% for months.
Ethereum ETF flows flip positive even as ETHE total outflows top $2B
Ether ETFs posted a net inflow of $28.5 million on Aug. 1, with inflows into BlackRock’s fund outpacing outflows from Grayscale’s Ethereum Trust.
Bitcoin as a Strategic Reserve
Over the weekend, former U.S. President and current Republican nominee Donald Trump and a number of lawmakers spoke at the Bitcoin Nashville conference. The biggest piece of news everyone has been talking about was Trump and Sen. Cynthia Lummis’ proposals to create a strategic reserve for Bitcoin, but the event also served as Sen. Tim … Read more
Bybit to Exit From France’s Market as EU’s Crypto Regulation Takes Hold
From August 13, French users will be unable to transact on the exchange other than to withdraw funds, Bybit announced Thursday.
DeFi protocol removed an important line of code that led to a $212K hack
The attack occurred around 3 am UTC on Aug. 1, leading Convergence’s native token CVG to plummet over 99%.
Coinbase refutes accusation it violated campaign finance laws
Describing the allegations as “misinformation” — Coinbase chief legal officer Paul Grewal said Coinbase was exempt from certain campaign finance regulations as it is not a federal contractor.
Connect with Google Cloud, Aerospace, Qualcomm and more at Disrupt 2024
TechCrunch Disrupt 2024 will be in San Francisco on October 28–30, and we’re already excited! Disrupt brings innovation for every stage of your startup journey, and we could not bring you this world-class event without our world-class partners. Take advantage of the opportunity to leverage the expertise and resources of some of tech’s leading companies. Their participation … Read more
Crypto Market Will Continue to Expand Over Next Two Years: Gemini
Monetary policy, regulatory shifts, and infrastructure developments will continue to drive growth in crypto, Gemini said Thursday.