Attorney Ian R. Cohen has filed a new court rebuttal opposing efforts to revive a lawsuit that seeks control of roughly 3.8 million Bitcoin worth an estimated $238 billion, including wallets linked to Bitcoin creator Satoshi Nakamoto. Summary Ian Cohen has opposed efforts to revive a lawsuit targeting 39,069 Bitcoin wallets holding an estimated $238…
Kaleo actually said this could be the company’s best option. Michael Saylor’s bitcoin-buying intelligence software company has come under scrutiny in recent weeks. The tiny sale of 32 BTC at the end of May was just a drop in the ocean, as the Stretch Preferred Stock (STRC) it uses to buy more BTC by…
Bio Protocol has launched OpenLabs, a platform that combines AI-assisted research development, community funding, and on-chain governance as its ecosystem surpasses $33 million in capital raised. Summary Bio Protocol launched OpenLabs, combining AI-assisted research development, collaboration, and funding in one platform. Researchers can seek funding through community voting, with BIO token holders participating in governance…
Ripple’s dollar-pegged stablecoin RLUSD made two concrete infrastructure moves this week: cross-chain routing platform Squid integrated RLUSD for single-transaction swaps across more than 100 blockchains and 20,000-plus tokens. Ripple took a strategic stake in African payments giant Flutterwave at a $3.2Bn Series E valuation to embed RLUSD and the XRP Ledger into payment rails spanning…
In contrast, XMR and WLD have declined by over 4% in the past day. Bitcoin’s price was rejected at $67,000 earlier this week, and the intense pressure from sellers brought the asset south toward $62,000 on Friday, where it finally found some support. Many of the larger-cap alts have posted more impressive gains today,…
Binance founder Changpeng Zhao has proposed freezing up to 1 million Bitcoin linked to Satoshi Nakamoto if those coins remain unmoved after a future transition to quantum-resistant cryptography. Summary CZ proposed freezing inactive Bitcoin addresses after a future migration to quantum-resistant cryptography. His plan could affect up to 1 million BTC believed to be linked…
PI is among the most impressive performers over the past 24 hours. The expected delay with the latest Pi Network protocol update continues, but the team behind the project has now urged certain nodes to move faster so that it can be completed soon. Meanwhile, the project’s native token has finally shown some strength,…
Two Texas brothers have pleaded guilty to federal robbery charges after prosecutors said they kidnapped a Minnesota family and forced the transfer of more than $8 million in cryptocurrency. Summary Two Texas brothers pleaded guilty after prosecutors linked them to an $8 million crypto kidnapping and robbery. Victims were allegedly held at gunpoint for hours…
The Federal Reserve didn’t change the interest rates, as expected, while the US-Iran deal uncertainty still hinges despite promises. It was another eventful and volatile week in the cryptocurrency markets (and beyond), which began with promising news on the war front in the Middle East that all concerned parties had agreed to a deal….
Ali Martinez has cautioned that Strategy’s STRC structure may amplify financial stress in a prolonged Bitcoin bear market, citing similarities to the feedback loop seen in Terra-Luna’s collapse in 2022. Summary Ali Martinez warned that Strategy’s STRC structure could increase financial pressure during a prolonged Bitcoin decline. STRC fell as much as 17% below its…
