bitcoin
* TeraWulf's Q2 revenue beat expectations, but earnings fell short due to decreased Bitcoin mining. * 21% decline in mined Bitcoin year-over-year, with 243% increase in mining costs. * Company plans to expand into high-performance computing and artificial intelligence in the second half of 2024. * Construction underway for new building at
bitcoin
* OP_NET testnet launching to bring DeFi to Bitcoin using Tapscript. * Smart contracts on Bitcoin possible with OP_NET's meta protocol system. * OP_NET uses WebAssembly for smart contracts in multiple languages. * Hemi Network by Jeff Garzik offers modular layer-2 blockchain for Bitcoin and Ethereum. * OP_NET supports
amodei
* OpenAI co-founder John Schulman leaves for Anthropic, only 3 original founders remain. * Product manager Peter Deng and president Greg Brockman also leave OpenAI. * Schulman cites focus on "AI alignment" and "hands-on technical work" as reasons for departure. * Schulman clarifies departure not due to lack of support
ethereum
* US gov wallet transfers 300 ETH to address ending in “d46” on Aug. 5. * Wallet balance now $0, funds from US government seizure. * ETH price drops post-ETF launch due to lack of demand. * 130,000 ETH sold, causing price to drop to $2,100 on Aug. 5. * Ethereum ETFs see
crypto
* FedNow launched in July 2023, aimed to disrupt crypto but failed. * Crypto market cap increased by 59% since FedNow's launch. * FedNow's features overlapped with blockchain value propositions. * FedNow didn't displace most crypto assets, including XRP. * XRP community lost hope in FedNow's impact
activity
* An extraordinary reveal: Mining was never banned in China. * Chinese miners lead in innovative Bitcoin mining despite reports of a ban. * China only suspended mining, not banned it, as revealed by investigative reporting. * Chinese policy document cited as evidence for ban actually imposed a moratorium. * Bitcoin mining in China continues,
bitcoin
* Bitcoin's decline post-halving resembles 2016 bull run, says trader Peter Brandt. * Recent slump mirrors 2015-2017 cycle, with 26% decline from post-halving price. * Analysts warn of further drops as BTC falls below $50,000. * US Bitcoin and Ether ETFs see $6 billion in trading volume amid market turmoil. * Fear
coinbase
* SEC accuses Coinbase of overly broad subpoena requests for Chair Gensler's records. * Coinbase seeks Gensler's personal communications for defense in SEC trial. * SEC calls Coinbase's subpoena a "blatant impropriety." * Judge Failla orders pre-trial conference to address discovery dispute. * Failla rejects Coinbase'
australia
* Australian stablecoin startup Stables expands to Europe with Mastercard partnership. * Stables users can use USDC for purchases in 27 European countries. * Stablecoins gaining mainstream adoption beyond crypto enthusiasts. * Stablecoin transaction volumes surge in 2023 for trading and payments. * Australia seen as ideal regulatory "sandbox" for crypto firms. * Stables
bitcoin
* The German government received $420 worth of Bitcoin post $3 billion sell-off. * Transactions included messages referencing Adolf Hitler, Elon Musk, and expletives. * German government used OP_Return for symbolic messages, receiving $0.88 from Hitler-themed wallet. * Some transactions used vanity addresses with human-readable words like Elon Musk's name.
bitcoin
* Metaplanet Inc. stock price surged 25.8% after buying $1.26 million worth of bitcoin. * The Tokyo-listed company now holds 225.611 BTC, valued at $14.2 million. * Metaplanet started adopting bitcoin as a strategic treasury reserve asset in May. * The latest purchase of 21.877 BTC follows previous acquisitions
bitfinex
* Plaintiffs accuse Tether and Bitfinex of manipulating crypto prices through USDT scheme. * Allegations include fraudulent price inflation and unbacked USDT issuance. * Violation of CEA and Sherman Antitrust Act claimed by Plaintiffs. * Amended complaint filed in SDNY, third in ongoing class-action lawsuit. * Defendants deny allegations, citing lack of evidence supporting claims.