Dormant Punks Nonfungible token (NFT) sleuths have dug up an old wallet from 2017 that minted 141 CryptoPunks for 0.02 ETH, which was around $7 at the time when the project launched. According to the Twitter user Nansen Intern from the analytics platform the wallet is now valued at 11,300 ETH, or around $14.7 million at current prices. The wallet…
The European Commission’s commissioner for financial services has reportedly urged U.S. lawmakers to establish new rules to regulate the crypto industry. “We do need to see other players also legislating … We need to look at global regulation of crypto,” said the commissioner. EU Commissioner Calls on U.S. Lawmakers to Establish New Crypto Rules Mairead McGuinness, the European Commission’s commissioner…
Three associates of fugitive OneCoin founder Ruja Ignatova, known colloquially as the “Cryptoqueen,” have faced a German court over allegations of fraud, money laundering and banking crimes. Appearing in court on Oct. 18, a Munich-based lawyer connected to Ignatova is alleged to have transferred $19.7 million via the Cayman Islands on her behalf to purchase two London apartments. Additionally, a…
Bitcoin (BTC) has seen a 41% increase in energy consumption Year-on-Year (YoY) despite dramatic improvements in energy efficiency and a more diverse and sustainable energy mix — but there are concerns the rise could see regulators clamp down on mining. The data comes from a Q3 2022 report by the Bitcoin Mining Council (BMC) which represents 51 of the world’s…
We’re thrilled to announce that Kraken now supports Aptos (APT)! Funding and Trading Funding and trading are now live. You can add these tokens to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Ticker APT Tradable against EUR, USD Price precision 4 decimal places Minimum Order Size 1 Minimum Deposit 0.02 Deposit confirmations required 50…
Twitter co-founder and former CEO Jack Dorsey have lifted the curtain on the latest iteration of its social protocol and a new Bluesky Social app — as part of its decentralized answer to Twitter. The Oct. 18 announcement comes nearly three years since the initiative was announced by Dorsey in December 2019, with the aim that social media users should…
An attacker has returned just over 93% of the more than $9 million worth of cryptocurrencies they exploited from the Celo (CELO) blockchain-based decentralized finance (DeFi) lending protocol Moola Market. At around 6PM UTC on Oct. 18 the Moola Market team tweeted it was investigating an incident and had paused all activity, adding it had contacted authorities and offered a…
Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon both agree that the U.S. economy is doing well and consumers are in good shape. “The consumers basically have more money in their accounts by multiples than they did pre-pandemic,” said the Bank of America chief. Bank of America’s CEO: US Economy Is in ‘Pretty Good Shape’…
This is an opinion editorial by Frank Nuessle, previously a T.V. executive, university professor and publishing entrepreneur. This is the seldom told story of Samuel Adams, and how he became a “paradigm-buster,” even though he’d never heard of a paradigm. Most of us only know Samuel Adams as a Boston beer or as the cousin of the famous John Adams…
The Aptos blockchain mainnet launched last night, but the long-awaited debut was not without its challenges. “It’s exciting to finally bring Aptos to mainnet,” Aptos co-founder Mo Shaikh tweeted. “Acknowledged that it could have gone better.” On the technical front, Shaikh explained that the Aptos genesis occurred on October 12, 2022, with 102 validators to secure the network. “These validators…
