Venture capitalist and founding partner of Draper Associates, Tim Draper, says altcoins could ultimately make Bitcoin better by acting as testing grounds for upgrades. During an interview on CNBC’s Squawk Box on Monday, Draper said there will also be “many other cryptocurrencies,” created over time, which will help grow Bitcoin’s (BTC) dominance. “Competition is good…
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A wallet address labeled by blockchain security analysts as the “Coinbase hacker” bought $8 million in Solana on Sunday using their reportedly ill-gotten gains. According to Lookonchain, the hacker converted DAI (DAI) to USDC (USDC), then bridged to the Solana network and bought 38,126 Solana (SOL) near the $209 mark across multiple purchases. Solana is…
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David Bailey, entrepreneur and Bitcoin adviser to US President Donald Trump, says there won’t be another Bitcoin bear market for several years amid growing institutional interest in the crypto market. But the four-year cycle says otherwise, and crypto analysts tell Cointelegraph that there are more than a few headwinds that could tank the markets. It’s…
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Australia’s markets regulator is set to expand its crackdown on online scams after taking down 14,000 online scams since July 2023, with over 3,000 purporting to involve crypto. The online scams include investment scams, phishing websites and are found in online advertisements. ASIC Deputy Chair Sarah Court said in a statement that ASIC’s investment scam…
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A major Bitcoin whale who has diamond-handed Bitcoin for the last seven years has sold off some of its bag to open a long position in Ether, joining a recent wave of Bitcoin whales opening up to Ethereum. The OG whale sold 670 Bitcoin (BTC) for $76 million on Wednesday, then used those funds to…
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Crypto exchange WazirX users are potentially one step closer to recovering funds more than a year after a $234 million hack of the exchange — with 95% of voting creditors greenlighting a new restructuring plan that had been shot down by the Singapore High Court earlier this year. WazirX lost $234 million of crypto from…
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Japan-based 3D printed housing firm Lib Work Co has become the latest non-crypto native firm to buy Bitcoin for its corporate treasury, coming just a month after launching an initiative that uses non-fungible tokens to store house designs. In a Monday statement following its board meeting, LibWork announced plans to purchase 500 million Japanese yen…
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Tech giant Google has become the largest shareholder of TeraWulf, holding 14% of shares, after receiving more stock in exchange for increasing its backstop in the lease deal between the Bitcoin miner and AI infrastructure provider Fluidstack. TeraWulf disclosed in a shareholder call on Thursday that it inked a 10-year colocation lease agreement with Fluidstack.…
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Tax officials in Jeju City, the capital of the South Korean island province of Jeju, have reportedly started the process of freezing and seizing the crypto of those it believes to be dodging tax requirements. The move is part of a broader operation that saw authorities investigate 2,962 individuals in arrears for a total of…
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Thailand is reportedly planning a nationwide regulatory sandbox allowing foreign visitors to convert crypto into local currency for electronic payments in a bid to boost tourism. Known as TouristDigiPay, the scheme is expected to go live on Monday and allow users to exchange cryptocurrencies for Thai baht and make electronic payments through e-money service providers,…
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