Tag: Business

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Donald Trump NFT prices spike following release of mugshot in Georgia criminal case

The former U.S. president returned to X (formerly Twitter) for the first time since January 2021 to post his mugshot, which has now been thoroughly manipulated for memes by many users. The price of nonfungible tokens (NFTs) featuring Donald Trump surged after news outlets released a photo of the former United States president as part…
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BlockFi opens crypto withdrawals for eligible US users following court order

The lending platform halted client withdrawals amid filing for bankruptcy in November 2022, but later petitioned the court for authorization to return user funds. Many customers at defunct crypto lending firm BlockFi have reported being able to withdraw funds for the first time in months following an order from a United States bankruptcy court. In…
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Futurama’s latest reboot takes aim at Bitcoin miners

The latest episode of the series, which first premiered in 1999, would have its audience believe humans (and robots) will still be mining Bitcoin in the year 3023. The animated science fiction series Futurama, which was created long before Bitcoin (BTC) was even a gleam in Satoshi Nakamoto’s eye, poked fun at cryptocurrency miners in…
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Core Scientific’s bankruptcy plan includes equity stake for Bitmain and Anchorage

If the plan is approved, Core Scientific could buy 27,000 Bitmain miners for roughly $23 million in cash and $54 million in company equity. Cryptocurrency custody firm Anchorage Digital and major mining manufacturer Bitmain could take equity stakes in Core Scientific as part of the firm’s restructuring plan. According to an Aug. 8 filing in…
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Coinbase CEO says leaving US ‘not even in the realm of possibility right now’: Report

Brian Armstrong has previously suggested Coinbase might abandon the U.S. for a more crypto-friendly country, but also said the exchange was “100% committed” to the local market. Brian Armstrong, chief executive officer at Coinbase, has reportedly waffled about whether the cryptocurrency exchange plans to leave the United States amid regulatory uncertainty. According to an Aug.…
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GameStop will stop support for its crypto wallets, citing ‘regulatory uncertainty’

The retail company used to be known primarily for its brick-and-mortar retail stores but has also launched an NFT marketplace and a soon-to-be-canceled line of crypto wallets. Gaming retail company GameStop has announced it will remove its digital wallets from the market starting in November, citing “regulatory uncertainty of the crypto space.” In a notice…
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Binance Japan begins launching trading services for residents

The Japan-based crypto exchange said it was offering spot trading for 34 tokens as of Aug. 1, with plans to migrate global Binance users starting on Aug. 14. Major cryptocurrency exchange Binance has announced the launch of a Japan-based arm roughly two years after receiving a warning from the country’s financial regulator. In an Aug.…
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Scammers pile on to impersonate Worldcoin on Twitter following token launch

Twitter announced its rebrand to “X” on July 24, the same day the Worldcoin token launched and provided an opportunity for scammers. Several fake accounts on Twitter — currently rebranding to X — were pushing malicious links to users following the launch of the Worldcoin human identity verification token. July 24 marked Twitter’s rebrand to…
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Arkham Intel Exchange approves $5K bounty for info on Do Kwon and Terra wallets

Terra co-founder Do Kwon is currently in Montenegrin prison as the platform remains under scrutiny in South Korea, but crypto users continue to seek out information on wallets. A platform aimed at ‘deanonymizing the blockchain’ has accepted its first submission for information concerning information on wallet addresses connected to Terraform Labs and its co-founder Do…
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Hackers compromise Uniswap founder’s Twitter account to promote scam

Hayden Adams’ account released a tweet encouraging its more than 254,000 followers to click on a malicious link, falsely claiming that users’ tokens were at risk. Members of Crypto Twitter have quickly identified and warned others against a scam being pushed by Uniswap founder Hayden Adams’ compromised account. The “Web3 Security Alerts” channel on Telegram…
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