An anonymous user appears to have accidentally spent 34 ETH to transfer a little more than $2,200 in ETH. An unknown crypto user appears to have accidentally spent $90,000 in gas fees in what should’ve been a simple transfer of $2,200 in Ether. The user spent 34.26 Ether — worth $89,200 at current prices —…
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Discover the telltale signs of a true crypto veteran through market crashes, memecoins, and the highs and lows of digital gold. A market crash recently sent shockwaves across global financial markets, sending Bitcoin below $50,000 for the first time since your grandma asked you what a Dogecoin. But you’re as cool as a cucumber because…
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The new tokenized assets offer the stability of the Bitcoin network with admirable yield. Crypto startup Hamilton has launched tokenized United States Treasury bonds on Bitcoin layer-2 blockchains. The company claims the launch is the first of its kind. Hamilton U.S. T-Bills (HUST) will be available on the Stacks, Core and BoB (Build on Bitcoin)…
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Coinbase has joined Andreessen Horowitz and Ripple in donating $25 million to the crypto-focused super PAC ahead of the United States elections. Crypto exchange Coinbase says it donated $25 million to crypto-focused super political action committee (PAC) Fairshake as it ramps up lobbying ahead of the November United States elections. In a June 3 blog…
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Only 10.6% of the total Ether supply is currently on centralized crypto exchanges, its lowest level in years. Over $3 billion worth of Ether has been removed from centralized crypto exchanges since the May 23 approval of spot Ether exchange-traded funds (ETFs) in the United States — signaling a potential upcoming supply squeeze. The amount…
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Crypto scammers are desperately trying to hit it off with Canadians on dating apps and websites this summer. However, many hopeless romantics are paying a hefty price in the process. The Canadian Anti-Fraud Centre (CAFC) noticed an increase in two particular types of crypto scams targeting Canadian citizens — pig butchering, or romance scams, and…
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It is the first time since late 2022 where the industry has recorded two consecutive funding months above $1 billion. Crypto venture capital funding has topped $1 billion for the second consecutive month this year. April’s $1.02 billion in funding came across 161 investment rounds in April, marking a minor fall from the $1.09 billion…
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This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more. Social media platform X is set to incorporate a wide range of financial services into its ecosystem. Christopher Stanley, X’s head of payments, compared the future functionality of the platform to the combination of…
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Republic First Bank’s 32 branches across the United States will reopen under Fulton Bank starting next week, according to the FDIC. United States regulators have closed Philadelphia-based Republic First Bank, marking the nation’s first banking failure of 2024. It has sparked debate among the crypto community amid Bitcoin , Ether ETH, and several altcoins slightly…
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The recent Anti-Money Laundering legislation imposes certain limits for cash transactions and anonymous cryptocurrency payments. A majority of the European Parliament’s lead committees have approved a ban on cryptocurrency transactions of any value made through hosted crypto wallets. This comes amid the European Council and parliament provisionally agreeing to expand parts of the European Union’s Anti-Money Laundering…
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