Hawk Tuah memecoin dumps 90% amid backlash over controversial launch

In this week’s newsletter, read about how a nonfungible token (NFT) artist raised money to support a cancer charity and why payments platform PayPal has filed a patent application for an NFT marketplace. Check out Meta’s new photorealistic metaverse avatars and, in other news, learn why Neal Stephenson’s metaverse blockchain project remains optimistic despite waning

The Binance-owned digital currency wallet, Trust Wallet, has released a desktop application for macOS.The team behind Trust Wallet announced the development in a tweet today, Aug. 12, also revealing that the wallet will be available in the Mac App Store shortly.In a series of tweets, Trust Wallet founder Viktor Radchenko disclosed that support for Linux…

The Cointelegraph YouTube channel had some of its wilder moments in 2020: from getting hit with the YouTube ban hammer to witnessing firsthand the antics of crypto’s most eccentric personalities. Here are some of our favorite blooper moments from this year — we hope you enjoy them more than we did!Bitcoin Halving Party livestream YouTube…

Beijing's rail transit service now accepts digital yuan for subway rides through an integration with the Industrial and Commercial Bank of China. China continues expanding the scope of its central bank digital currency (CBDC) by debuting digital yuan payments for transport services.According to an official Wednesday announcement, the Beijing subway has launched a pilot program…

A CoinEx hot wallet transferred $27.8 million of various tokens to a wallet with no previous history, leading experts to suspect a cyberattack. On Sept. 12, crypto exchange CoinEx experienced abnormally large outflows to an address with no prior history, leading security experts to suspect the exchange was hacked. Blockchain security platform Cyvers Alerts has

A Czech farm has set up a 24-hour live stream where viewers can instantly convert their crypto change into sheep food. Upon payment, alfalfa pellets are dispensed directly into the flock’s feeding tray, allowing viewers to watch the delighted lambs gobble down their treats in real-time.Tanglesheep’s Shed streams 24 hours a day on YouTube and…

New York Congresswoman Alexandria Ocasio-Cortez addressed the control of Facebook’s Libra cryptocurrency in today’s United States House Committee on Financial Services hearing.As per a recording of the event, provided by C-Span on July 17, Ocasio-Cortez addressed Calibra wallet CEO David Marcus, asking, “[Facebook] wants to establish a currency and act through its wallet as —…

Some creditors of cryptocurrency futures exchange CoinFLEX are alleging that OPNX, a new crypto exchange established in part by Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, was created using CoinFLEX assets without their consent. According to a writ of summons filed in the High Court of Hong Kong and seen by Cointelegraph, CoinFLEX

TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from the Winklevoss twins’ family office, Winklevoss Capital.In a Jan. 6 announcement, TaxBit said that it plans to use the raised funds to enhance its software products on an international scale as its tax reporting tool has amassed…