Author: Michael Fawn
Michael Fawn
Michael Fawn is a cryptocurrency journalist and blockchain analyst with a passion for breaking down complex market trends into easy-to-understand insights. Covering everything from Bitcoin and Ethereum to emerging altcoins and Web3 innovation, Michael focuses on delivering accurate, timely, and engaging crypto news for investors and enthusiasts alike. With years of experience following the digital asset industry, Michael keeps readers informed on the latest developments shaping the future of finance.
Over $940 million was lost to hackers in six months, with security audits failing to detect 94% of the exploited vulnerabilities.
A critical firmware bug in Coldcard hardware wallets resulted in approximately $70 million being stolen within 40 minutes. CZ has commented on the incident.
Bitcoin miners, previously vital for stabilizing Texas’s power grid, are now pivoting to AI, potentially weakening the grid’s emergency capacity.
Major financial institutions are reportedly increasing their XRP holdings. This trend coincides with XRP’s exchange supply reaching its lowest point in several years.
Former Congressman George Santos lost $35,000 on a bet placed on the Kalshi exchange concerning the outcome of the 2022 midterm elections.
The overall cryptocurrency market has experienced significant growth, adding more than $130 billion to its total valuation within the last month.
The WNBA posted and quickly removed a video showing players discussing a $400 bet, later claiming it was intended as a joke.
Bitcoin’s price fell near $63,000 as US spot Bitcoin ETFs experienced $265 million in net outflows on July 31.
A recent XRP Ledger upgrade has successfully reintroduced features that were previously disabled because of critical bugs, enhancing network functionality.
Coinbase reported a $359.5 million net loss in Q2, its third consecutive losing quarter, despite 88% of revenue coming from non-Bitcoin trading activities.