CRYPTO
Let’s Not Create $200 Trillion in Credit on Top of Bitcoin
I disagree with Bitcoin and crypto industry leaders like Michael Saylor and Brian Armstrong, who are proposing building a new debt system on top of bitcoin, which was built to be a definancializing force. The purpose of Bitcoin is to definancialize the world, not refinancialize it. And so when I heard […]
Kevin Durant Recovers Bitcoin Bought at $650, Now Up Over 17,700%, After Nearly a Decade
The episode comes amid growing frustration among Coinbase users, many of whom alleged they’ve faced similar issues retrieving account access. What to know: NBA forward Kevin Durant has access to his bitcoin again, after being locked out of his Coinbase account for nearly a decade. In that time, the price […]
Early Riders: Texas-Based Accelerator To Fund Bitcoin Start-ups with Up To 5 BTC
Early Riders, a Bitcoin-focused venture fund, has launched The Stables, an accelerator program in Texas Hill Country to support Bitcoin start-ups worldwide. The program offers 2-5 BTC in funding, a four-week residency and access to Bitcoin developers and operators, targeting start-ups with market-ready solutions in financial services and technology. Michael Tanguma, […]
Michael Saylor: Bitcoin Is Building a Base as ‘OG’ Hodlers Exit and Big Money Preps
Saylor says bitcoin’s volatility is easing as early holders cash out, clearing the way for institutions to step in and build a stronger market base. What to know: Bitcoin’s recent stretch of muted price action is a sign of strength, not weakness, according to Strategy (MSTR) Executive Chairman Michael Saylor. Speaking on […]
Google Teams Up With Coinbase to Bring Stablecoin Payments to AI Apps
The tech giant expands its open-source AI protocol into financial transactions, partnering with Coinbase, the Ethereum Foundation to integrate stablecoin rails. What to know: Google is taking a step toward merging artificial intelligence (AI) and digital money, rolling out a new open-source protocol that lets AI applications send and receive payments, which […]
PayPal Adding Crypto to Peer-to-Peer Payments, Allowing Direct Transfer of BTC, ETH, Others
The firm said users in the U.S. will soon be able to send bitcoin, ether and its own PYUSD stablecoin directly across accounts as part of the company’s crypto payment push. What to know: Payments firm PayPal (PYPL) said it is expanding its peer-to-peer service by adding cryptocurrency transfers to its payment […]
Monero Suffers Deepest-Ever Blockchain Reorganization, Invalidating 118 Transactions
The reorganization was pinned on Qubic, which has acquired over half of Monero’s mining power last month and uses XMR rewards to buy and burn its own token. What to know: Monero’s blockchain experienced an 18-block reorganization on Sunday, its deepest to date, that effectively invalidated 118 confirmed transactions by rolling back […]
Israel Claims Iran’s Revolutionary Guard Holds $1.5B in Stablecoins
Israel flagged 187 crypto addresses allegedly linked to the IRGC. Elliptic says the wallets received $1.5B in USDT, though not all may belong to Iran’s Revolutionary Guard. What to know: The National Bureau for Counter Terror Financing of Israel (NBCTF) has published a list of 187 cryptocurrency addresses it says are linked […]
Hong Kong’s Central Bank Plans to Ease Rules on Banks’ Crypto Holding: Report
The central bank released a draft paper for public comment with a view to clarifying the guidance on capital regulation for crypto assets What to know: The Hong Kong Monetary Authority (HKMA) has circulated plans for easing the capital requirements for banks holding cryptocurrencies, local financial news outlet Caixin reported on Wednesday. The […]
The End of Paper Bitcoin Summer
Is Paper Bitcoin Summer, and the associated extractable premium in price, coming to an end? As summer now turns to fall in the northern hemisphere, the stonkcoiner dream of bitcoinizing finance is rapidly becoming a nightmare. The bitcoin paper summer of issuing shares to clueless financial markets at (extreme) overvaluations to thereby buy bitcoin […]
