Vivek Ramaswamy becomes the second Presidential candidate in the United States to officially accept Bitcoin (BTC) donations for the upcoming 2024 elections. “Give $1,” said Ramaswamy while announcing that he was accepting Bitcoin donations. The revelation came just two days after Robert F. Kennedy Jr. became the first presidential candidate in United States history to accept campaign donations in Bitcoin. Ramaswamy stated, “Let’s make the 2...
Tether
USDT
remains the world’s largest stablecoin issuer, with USDT having survived multiple investigations, fines, and other legal actions. Hiring BDO Italia to improve the attestation practices and reporting at the organization will go a long way to addressing the issues and questions around USDT, but that is only part of the story. Following the banking volatility of 2023, including the revelations that Circle had $3.3 billion that was...
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Hyperbitcoinization coming, says Bitcoin OG as ‘wholecoiners’ hit 1 million
Bitcoin has crossed a significant threshold this month — there are over 1 million addresses that hold at least 1 BTC. Data from Glassnode shows an escalating pattern with regard to the amount of so-called Bitcoin “wholecoiners.” If the trend continues, Bitcoin price escalation could soon make buying it not only a luxury but...
Latam Gateway, the payment provider for Binance in Brazil, has been granted a license by the country's central bank to operate as a payment institution and electronic money issuer on May 19, according to local media reports.Brazil is among Binance's top global markets, the exchange said in a previous announcement.Latam Gateway helps foreign companies to operate in Brazil by providing on/off ramps with the Brazilian real. According to the co...
A crypto fund is an investment fund that primarily focuses on investing in cryptocurrencies or digital assets. It allows investors to gain exposure to the crypto market without having to purchase individual coins or tokens themselves. Instead, these funds pool money from multiple investors to purchase various cryptocurrencies, often including Bitcoin (BTC), Ether (ETH) and other popular tokens.Crypto funds can also be categorized based on t...
In a secret meeting with select creators, Instagram’s parent company, Meta, reportedly revealed its plan to launch a text-based conversation app. The leaked screenshots of the alleged upcoming app show a user interface similar to Twitter.Instagram’s plan to rival Twitter was uncovered by Lia Haberman, an influencer marketing and social media marketing teacher at the University of California, Los Angeles Extension. According to Haberman, alt...
Michael Lewis, the bestselling author of The Big Short and Moneyball, has revealed that he has almost finished writing his book on Sam Bankman-Fried (SBF) and the collapse of the FTX crypto exchange.The upcoming book is titled Going Infinite: the Rise and Fall of a New Tycoon, and Lewis initially stumbled on to the subject of Bankman-Fried in late 2021, after a friend had asked him to meet the FTX founder and get a read on him. Speaking at ...
Arbitrum-based decentralized exchange (DEX) Swaprum has allegedly conducted a rug-pull on its users, with $3 million worth of customer deposits being swiped from the platform.A rug-pull or exit scam occurs when a seemingly legitimate project ropes in a certain amount of investment or user deposits before promptly shutting everything down, pulling the capital and vanishing off into the distance — if they don’t adequately cover their tracks, ...
Bitcoin
BTC
, ethereum and the wider crypto market's rally has stalled after exploding into 2023—stopped in its tracks partly by a leak that revealed a secret Democratic plan for a U.S. crypto crackdown.
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The bitcoin price—and to a lesser extent the ethereum price—have been driven by a narrative that bitcoin ...
TBD, a division of fintech company Block, which is led by CEO Jack Dorsey, announced a novel Web5 decentralized web platform at Bitcoin 2023 in Miami on May 19. The platform aims to introduce “decentralized identity and data storage” to applications, thereby allowing developers to leverage the technology to create “delightful user experiences, while returning ownership of data and identity to individuals,” the company shared. Dorsey’s Web5 ...
