• 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...

• Aug 12, 2024

Ethereum Price Touches Weekly High as Grayscale's ETHE Sees First Day Without Withdrawals

Ethereum briefly climbed above $2,700 on Tuesday morning, setting a weekly high, before backtracking slightly. At the time of writing, ETH is trading for $2,646, about 1.5% lower than it was this time yesterday, per data from CoinGecko. The price action comes a day after the U.S. spot Ethereum ETFs booked a tepidly good performance with inflows of $5 million, according to Farside Investors. Monday marked the break of a 3-trading day streak of outflows, during which the ETH funds saw investors wi...

• Aug 12, 2024

Three Arrows Capital Liquidators File $1.3 Billion Claim Against Terraform Labs

Liquidators of Three Arrows Capital (3AC) are seeking $1.3 billion from TerraForm Labs Pte., the digital assets company co-founded by Do Kwon. The claim relates to losses 3AC experienced following the 2022 crash of the company's TerraUSD (UST) and Luna (LUNA) tokens. According to a document filed in the U.S Bankruptcy Court for the District of Delaware on Aug, 9, the liquidators allege TerraForm Labs "engaged in a scheme to manipulate the open market for LUNA and UST in a manner that artificiall...

• Aug 12, 2024

Huawei's Upcoming AI Chip Could Challenge Nvidia's Dominance

Chinese electronics giant Huawei Technologies is poised to unveil a new artificial intelligence chip that could rival Nvidia's powerhouse H100 processor. The firm has been testing its Ascend 910C with major players in China's tech sector, including ByteDance, Baidu, and China Mobile, according to a report in the Wall Street Journal. The development comes after a series of stringent U.S. sanctions that have hampered the Asian giant’s access to advanced chipmaking technologies. While Nvidia's curr...

• Aug 12, 2024

New Pixel 9 and Gemini Live Show Google Is All In on AI

Google is adding even more AI features to its suite of products, including the new Pixel 9 mobile phone, the company said during the annual Made by Google conference on Tuesday. Attendees at the event in Mountain View, Calif., were shown several updates to Android OS, the new Pixel 9 phones, Pixel 9 Pro Fold, Pixel Watch 3, and Pixel Buds Pro 2. But artificial intelligence and Google’s Gemini held center stage throughout the event. “A few months ago, at Google I/O, we shared a broad range of bre...

• Aug 12, 2024

Bitcoin and Ethereum Rally Could Set Off a 'Sexy Shitcoin Soiree' Ahead of Election: Arthur Hayes

If Bitcoin and Ethereum break above $70,000 and $4,000, respectively, it could set off a "sexy shitcoin soiree" in alts, writes Bitcoin billionaire Arthur Hayes in his new essay. But first, markets will have to navigate the contentious U.S. election. The BitMEX co-founder called Vice President Kamala Harris, the presumptive Democratic nominee, a "first-class political muppet." But he added that she has an advantage over Donald Trump simply because she "is not an octogenarian vegetable." Accordin...