Memecoin launcher pump.fun claims ex-employee behind $1.9M exploit
Pump.fun said its smart contracts are safe and impacted users will receive “100% of the liquidity” that it previously had within the next 24 hours.
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As multiple banks prepare crypto custody services, holders now have to flip an old Bitcoin saying on its head: are the banks prepared to be their own (and others') bank? Last week BNY Mellon, the oldest bank in the United States, announced they would be providing custody solutions, ceding to pressure from institutional investors. Likewise, documents…
Bitcoin ETFs shed $1.3B over 2 weeks amid market slump
Bitcoin ETFs have seen outflows of $1.3 Bitcoin in the last two weeks of trading, but analysts expect markets to rally higher in the coming months.
Startup Aims to List Bitcoin Product on Frankfurt, Luxembourg Exchanges
A German startup is attempting to list a Bitcoin (BTC) derivative product on the Frankfurt and Luxembourg stock exchanges.According to German business news daily Handelsblatt on Oct. 29, the startup Iconic has filed a prospectus for regulated trading of a Bitcoin exchange-traded note (ETN), which could become available as soon as the beginning of December…
‘The wealthiest time of my life was the most miserable’: Peter McCormack
For someone who devotes so much of his life to Bitcoin and finance — and who has made and lost a small fortune twice now — podcaster Peter McCormack doesn’t actually seem to care that much for money.“I did have a lot of money in my life a couple of times,” says the 42 year…
Mining Giant Bitmain Reportedly Suspends Mining Operations in Texas
China-based leading mining and mining ASIC hardware producer Bitmain has reportedly suspended its mining operations in Rockdale, public radio station Texas Public Radio reports on Jan. 10. Rockdale is located in Milam County, east of Austin, in the United States state of Texas.Steve Young, a Milam County Judge, issued a statement reporting that all Bitmain…
NFT creator Yuga Labs raises $450M, bringing company valuation to $4B
Led by Andreessen Horowitz, the seed round is one of the largest funding deals in the nonfungible token market. 91 Total views 25 Total shares Yuga Labs, the creators of Bored Ape Yacht Club (BAYC) and new owners of the CryptoPunks and Meebits brands, announced it is now valued at $4 billion after its latest…
Bitcoin just had its biggest mining difficulty drop since 2011
BTC price action remains relatively stable as the network automatically takes care of higher fees and slower block times. 3072 Total views 26 Total shares Bitcoin (BTC) saw its biggest negative difficulty adjustment in almost 10 years on Nov. 3 as the network flawlessly takes care of itself.Data from monitoring resource BTC.com shows that the…
The Four Phases of Decentralized Finance
Newcomers to decentralized finance, or DeFi, would be hard-pressed to believe how much the industry has grown, changed and matured in just over a year. At the end of 2018, Maker returned to the scene with relaunched tooling and a buzzy investment from the experts at Andreessen Horowitz. Compound Finance launched around the same time,…