An extraordinary transaction load brought down the TON blockchain. The disruption was interrupted by the arrest of Pavel Durov, the head of Telegram. Durov helped develop TON. The TON blockchain is back online after a mere seven-hour shutdown on Wednesday morning, Asian time. The TON team attributed the outage to an unusual spike in transaction … Read more
Bitcoin is nothing more than a “trump trade” according to the founder of Lekker Capital. The uncertainty of the election denied investors the opportunity to front-run the potential benefits crypto could bring from another Trump term. Quinn Thompson says other factors are bigger cryptocurrency price drivers than the US election. For a while, Bitcoin's price … Read more
CME Launches New Bitcoin Futures Contract Crypto micro futures have become particularly popular in the past few months. The Chicago Mercantile Exchange is launching a new Bitcoin product. By September 30, merchants Can buy Bitcoin Friday futures contracts are worth 1/50th of a bitcoin – or $1,220 each. CME's Micro Ether futures contracts hit four … Read more
French authorities are cracking down on Telegram founder Pavel Durov. A French official said the lack of content regulation was at the heart of the case. The case evokes arguments heard in the Tornado Cash cases. When French authorities detained Telegram founder Pavel Durov this week, it brought bad news to the crypto community. Over … Read more
Tigran Gambarian's family says prison officials refused to give him a wheelchair. His family has accused prison officials of preventing him from contacting lawyers. A Binance executive is awaiting trial on money laundering charges in Nigeria. Ailing Binance executive Tigran Gambarian, who is serving a prison sentence in Nigeria, has refused to use a wheelchair, … Read more
GM, Tim Here. Here's what caught my DeFi-eye recently: Vitalik disses 'ouroboros' DeFi. The $732 million USDD backing the stablecoin will disappear. Everyone is cashing in on memecoin fever. Vitalik vs DeFi Ethereum co-founder Vitalik Buterin ruffled feathers on social media by criticizing one of blockchain's biggest use cases, DeFi. At the heart of the … Read more
The Financial Conduct Authority has not registered a crypto firm for six months. The regulator says the firms are failing to meet anti-money laundering standards. However, it is working with organizations on compliance. A version of this story appeared in Us The Guidance August 26 newsletter. Sign up Here. GM, Joanna Here. The industry's dreams … Read more
According to VanEck, top Bitcoin miners have made $14 billion by leasing 20% of their computing power for AI purposes. These mining operations incurred losses of $335 million in the past year. Diversifying AI isn't something everyone is convinced about. Bitcoin miners can make serious money by tapping into artificial intelligence. That's according to VanEck … Read more
Investors often trade tokens and equity in private Telegram chats. Now, startups are launching millions of bespoke products. Making these deals public won't please everyone. Secondary markets in crypto – where investors privately buy and sell their shares in companies as well as locked tokens. Since May 2023, Activity, one of the largest secondary marketplaces … Read more
Wolfgang Munchau is a columnist News. He is co-founder and director of Eurointelligence, and writes a column on European affairs. The New Statesman. Opinions are his own. Gold prices hit an all-time high of $2,500 an ounce. In inflation-adjusted terms, we are still nowhere near where gold traded in January 1980. But we are getting … Read more
Wyoming plans to launch a stablecoin in the first quarter of 2025, CNBC says. Creators envision it as a model for the federal government. Wyoming has passed several regulations favorable to crypto. Wyoming is creating a US dollar-based stablecoin called the Wyoming Stable Token, which it plans to launch in the first quarter of 2025 … Read more
Russian national arrested in Argentina money-laundering case. Officials say North Korea's Lazarus Group is involved. Millions in crypto seized by federal police. Authorities in Argentina have arrested a Russian national in a money laundering case related to a multi-million dollar operation in the South American country of TRM Labs. reported. Millions of dollars in assets … Read more