An a16z-funded AI bot called Truth Terminal did not launch a memecoin called GOAT, but it did endorse the token and sent it briefly rallying to a value of just over $150 million. Source: https://cointelegraph.com/news/ai-bot-didnt-launch-goat-memecoin-did-promote-it?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion
Costco’s gold bars are flying off the shelves as record-high gold prices spark a buying frenzy across the U.S. A recent survey found that 77% of Costco stores offering gold sold out in early October. The trend reflects growing demand for gold as a hedge against inflation and economic uncertainty. Costco’s Gold Bars Are Selling […] Source: https://news.bitcoin.com/gold-fever-hits-costco-77-of-stores-sell-out-amid-soaring-demand-for-bullion/
Bitcoin’s price return ‘stands apart from the crowd’ — NYDIG
Bitcoin is a stand-out asset for its returns compared with other asset classes despite its volatility, says NYDIG. Source: https://cointelegraph.com/news/bitcoin-price-return-stands-apart-from-the-crowd-nydig?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Scientists breach cryptographic algorithms with quantum computer: SCMP
Researchers said it was the first time a quantum computer “posed a real and substantial threat” to encryption, but multiple limitations still hamper a full-scale hack. Source: https://cointelegraph.com/news/scientists-breach-crypto-algorithms-quantum-computer-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
James Howells is suing Newport City Council after a decade-long fight to recover a hard drive containing 7,500 bitcoins, now worth nearly $500 million, mistakenly dumped in 2013. The council has repeatedly denied excavation requests, citing environmental concerns. Howells claims the data is recoverable. Council Sued Over Lost $500M Bitcoin Hard Drive James Howells, an […] Source: https://news.bitcoin.com/500m-bitcoin-buried-in-landfill-man-sues-city-after-decade-long-battle-for-recovery/
Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022
In 2022, the Avalanche Foundation sold 1.97 million AVAX worth $100 million at the time to Terra’s foundation before its collapse. It’s now buying it all back for $45.5 million. Source: https://cointelegraph.com/news/avalanche-repurchase-2-million-avax-terra-luna-foundation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monochrome to Launch ‘World First’ Ethereum ETF on Cboe Australia
Monochrome Asset Management is preparing to launch Australia’s first spot Ethereum exchange-traded fund on Cboe following the asset’s long-anticipated approval in the U.S. market. Set to begin trading on Monday, Monochrome’s Ethereum ETF (IETH) follows the launch of its Bitcoin ETF (IBTC) in August 2023, which has since garnered $15 million (US$10.1 million). While that falls well short compared to…
TD Bank Makes History as First US Bank to Plead Guilty to Money Laundering Conspiracy
TD Bank, one of the largest financial institutions in the U.S., has agreed to pay a record $3 billion penalty, the largest ever under the Bank Secrecy Act, after pleading guilty to felony charges. The bank is the largest in U.S. history to plead guilty to Bank Secrecy Act program failures and the first to […] Source: https://news.bitcoin.com/td-bank-makes-history-as-first-us-bank-to-plead-guilty-to-money-laundering-conspiracy/
Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report
Uniswap Labs and UNI tokenholders will benefit the most from Unichain, while ETH holders will likely see the biggest loss, says DeFi Report founder Michael Nadeau. Source: https://cointelegraph.com/news/uniswap-l2-could-make-uniswap-labs-uni-holders-368-million-yearly?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ripple CEO Slams SEC for Ignoring XRP Ruling, Claims Agency Oversteps Legal Authority
Ripple’s CEO has intensified criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security and overstepping its legal bounds. His remarks came after Bitnomial Exchange filed a lawsuit against the SEC, disputing the regulator’s authority over XRP futures. The case adds to […] Source: https://news.bitcoin.com/ripple-ceo-slams-sec-for-ignoring-xrp-ruling-claims-agency-oversteps-legal-authority/