While BTC and Ethereum have made strong comebacks in the last year, much of the rest of the market is still catching up, say Kevin Kelly and Jason Pagoulatos, of Delphi Digita...
Keyboard Cat creator Charlie Schmidt recently united two meme coins under the same banner: a licensing agreement for leveraging the likeness of his famous musical cat. The artist posted a 54-second clip of his cat Fatso playing the piano online 17 years ago. Since then, the video has become enshrined in internet culture, netting 77 million YouTube views and inspiring meme coins on Solana and Coinbase's Ethereum layer-2 network Base. There used to be a sense of confrontation between the two commu...
El Salvador President Nayib Bukele has been an outspoken and strenuous advocate for Bitcoin. While he has long battled with critics, he has now admitted that his Bitcoin experiment has not gone exactly as planned. In an interview with TIME magazine published Thursday, the “world’s coolest dictator”—as Bukele once described himself—conceded that more people in the tiny Central American country could be using the cryptocurrency. “Bitcoin hasn't had the widespread adoption we hoped for,” he said,...
As the U.S. Securities and Exchange Commission (SEC) presses forward with efforts to regulate crypto, the agency’s enforcement threats have left a sprawling paper trail across the industry. Whether it’s entities issuing coins or exchanges enabling them to trade, more market participants are waking up to a so-called Wells notice. On Wednesday, that kind of letter boiled to the surface of the NFT space, as the prominent marketplace OpenSea said it had received one too. Before the SEC takes formal...
Crypto scams are getting smarter, faster, more dynamic—and more painful for victims. That’s according to a new report by blockchain analysis firm Chainalysis, which noted that “many smaller, simultaneous campaigns” by criminal groups are helping them dodge law enforcement. In its mid-year “2024 Crypto Crime” update, published Thursday, the firm said that both on- and off-chain data showed that scams were getting briefer—but more lucrative. ? Part 2 of our mid-year crypto crime update is her...
Expensive plastic surgery wasn’t enough to keep an accused crypto scammer in South Korea out of jail. South Korean police have arrested the leader of a cryptocurrency scheme that stole over 16 billion won, or around $15.6 million, according to a report by the Singapore-based media outlet The Straits Times. The unnamed suspect went on the run in September 2023 after failing to appear for a pre-trial hearing, according to the report, and while missing for ten months, attempted to evade capture by...
Former president Donald Trump is vying to be America’s leader again—and this time around, he’s Bitcoin-friendly. “We want all remaining Bitcoin to be made in the USA,” he said in June on his social media platform Truth Social. Trump has now branded himself as a crypto-friendly candidate ahead of November’s divisive election, bringing in millions of dollars in cash and digital asset donations from Silicon Valley tech leaders. But it wasn’t always like this. Despite the Republican presidential n...
The Nigerian Securities and Exchange Commission (SEC) has issued its first licenses to local crypto exchanges to operate within the country, despite contentious relations between the government and industry at large. Per an SEC press release, both Busha Digital Limited and Quidax Technologies Limited have been granted “approval-in-principle” to operate under its Accelerated Regulatory Incubation Program (ARIP). The agency said the development is part of its “commitment to enabling innovation tha...
GameStop shares surged on Thursday, shortly after the video game giant announced it would lean into selling retro games via new, dedicated stores. As of publication time, the Texas-based retailer’s stock price is up about 10% over the past 24 hours to a current price of $21.81. The stock surge follows GameStop’s announcement late Tuesday that it would refashion some of its brick-and-mortar locations into speciality shops with a focus on vintage video games and consoles, such as the old-school...
