PRESS RELEASE. 17th August, 2024: Holonym Foundation, an organization building the next generation of digital identity security for the decentralized web, is announcing the completion of a successful $5.5 million seed funding round. The funding round was led by Finality Capital and Paper Ventures, with significant participation from Draper Dragon, Arrington Capital, Lightshift, Zero Knowledge …
Monthly archives: August 2024
America should learn from the optimism of HODLing
History is littered with failed predictions about the future of technology. Have we learned anything along the way?
Billion-Dollar Bank Abruptly Terminates ‘Human Barbie Doll’ Jessica Alves’ Account Because She’s on OnlyFans: Report
Model and self-proclaimed “human barbie doll” Jessica Alves says her bank account has been terminated because she’s on OnlyFans. Alves says she received an account closure notice from Barclays in the mail and promptly went to a branch in London to figure out what happened, reports the Daily Mail. “I have banked with Barclays for …
Two Bitcoin Whales Emerge From More Than a Decade of Slumber To Move $11,000,000 Worth of BTC
Two long-dormant Bitcoin whales sprang to life this week and moved $11 million worth of BTC after sitting on the top crypto asset for more than a decade. The crypto tracker Whale Alert notes the first address moved 174 BTC worth $10.16 million to another unknown wallet early Friday morning. The whale hadn’t touched the …
More Than 260 Additional Institutional Firms Invested in Spot Bitcoin ETFs in Q2: Crypto Intelligence Firm
Retail investing is still driving spot Bitcoin (BTC) exchange-traded funds (ETFs), but more institutions are sinking capital into the new products each quarter, according to a senior analyst with crypto intelligence platform K33 Research. K33’s Vetle Lunde notes on the social media platform X that 262 additional professional firms purchased investments in spot BTC ETFs, …
Swiss tech firm launches AI made of human brain cells rental service
The organoids only live about 100 days, then, ostensibly, the AI dies.
Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs
Nicholas joins Meta as an executive mixed reality producer for entertainment experiences.
South Korean Pension Fund Invests $32,500,000 in MicroStrategy As the US Firm Continues To Gobble Up Bitcoin
South Korea’s National Pension Service now owns more than $32 million worth of MicroStrategy (MSTR) shares after investing in the Bitcoin (BTC)-friendly US firm earlier this year. The Pension Service, which reportedly manages $764.8 billion worth of assets at the end of 2023, has accumulated 24,500 MSTR shares as of June 30th, according to a …
BNY, State Street and JPMorgan Chase at ‘Serious Risk’ of Bank Runs, Along With 91 US Lenders: Report
A total of 94 US banks are at significant risk of experiencing bank runs by uninsured depositors if they show financial weakness, according to a new report. An analysis from Florida Atlantic University finds the billion-dollar banks in question – which include seven US financial giants – have all reported a 50% or higher ratio …
Bitcoin ETFs See $36M Inflows as Ethereum Funds Shed $15M
Recent data from U.S.-based bitcoin and ethereum spot exchange-traded funds (ETFs) collected by sosovalue.xyz reveal a mixed bag for these popular assets. On Friday, bitcoin ETFs added around $36 million, while ethereum funds experienced a $15 million dip. Mixed Results for Crypto ETFs: Bitcoin Gains $36M, Ethereum Drops $15M Ether ETFs, in particular, saw further …
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Microstrategy’s Bitcoin Holdings Catch Up to Theoretical Ether Profits Without Staking
After Michael Saylor, Microstrategy’s executive chairman, disclosed that the company now holds 226,500 BTC valued at $13.4 billion, it turns out the firm’s bitcoin (BTC) holdings have gained 61% profit. Interestingly, while blockchaincenter.net’s ‘There Is No Second Best’ index once hinted that investing in ethereum might have been a wiser choice for Microstrategy, the gap …
This Week’s NFT Sales Slump 11.66%—Will the Downtrend Turn Around?
In the past week, non-fungible token (NFT) sales have dipped by 11.66%, totaling $81.7 million. Despite this decrease, there’s been a significant uptick in market activity: the number of NFT buyers has skyrocketed by 172.98%, while NFT sellers have also seen an impressive rise of 120.51% over the same period. NFT Market Chaos: Prices Drop, …
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Pandemic Fears Ignite as Mpox Outbreak Leads to High-Stakes Betting on Polymarket
Recently, Dr. Tedros Adhanom Ghebreyesus, the Director-General of the World Health Organization (WHO), officially declared that the Mpox outbreak, commonly known as monkeypox, is now a public health emergency of international concern. Following this announcement, Polymarket users have started placing bets on whether Mpox will be categorized as a pandemic in 2024. Polymarket Bettors Give …
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IMF Economists Suggest Electricity Tax to Lower Crypto and AI Environmental Impact
International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027, leading to higher carbon emissions. Proposing a targeted electricity tax, the authors estimate a potential reduction in emissions by 100 million tons annually, while generating …
Coinbase CEO Brian Armstrong: AI ‘should have crypto wallets’
Armstrong’s statements come as Coinbase launches a $15K bot accelerator.