Moving on from his rap beef with Kendrick Lamar earlier this year, Aubrey "Drake" Graham is gearing up for the latest launch from his NOCTA apparel brand, formed in collaboration with Nike—and some crypto traders believe he may have referenced a rising meme coin. Banana Tape Wall (BTW) was created on Pump.fun at the start of August, peaking at a market cap of $18 million. This Solana meme coin is exactly what it says on the tin, with the associated image showing a banana duct-taped to a wall. I...
Arthur Hayes: Why Bitcoin Ordinals Project Airhead Isn't Another ‘Boring’ NFT Drop
BitMEX co-founder Arthur Hayes is launching a Bitcoin Ordinals collection dubbed Airhead, entering the market for Bitcoin-based collectibles by releasing a clutch of ballooned characters. Comprising 10,000 NFT-like assets, the batch of inflated profile pictures (PFP) stem from a collaboration with Oyl Wallet. The digital wallet for Bitcoin launched earlier this month, and on Thursday began allowlisting would-be buyers for the Airhead drop. The startup counts Hayes’ family office Maelstrom as an...
USDC Tap-to-Pay on Apple iPhone 'Incoming Soon': Circle CEO
Circle CEO Jeremy Allaire predicted that tap-to-pay payments on iPhone using Circle's USDC stablecoin are "incoming soon," following Apple's decision to open up the iPhone's NFC payment functionality to third-party developers. In a tweet, Allaire advised wallet developers to “start your engines.” Tap to pay using USDC on iPhones incoming soon. Wallet devs, start your engines. https://t.co/D6lsj4saMS — Jeremy Allaire - jda.eth / jdallaire.sol (@jerallaire) August 14, 2024 Allaire clarified in a...
Bitcoin, Ethereum Dip as Market Digests CPI Numbers
The price of Bitcoin slipped by over 4% Thursday morning alongside the wider crypto market, amid a broader trend of risk-off sentiment among investors. Per data from CoinGecko, Bitcoin dropped by 4% to around $58,500, while Ethereum shed 3.8% to around $2,630. The total market capitalization of all cryptocurrencies fell in lockstep, contracting by 4.4% to $2.1 trillion. The market downturn followed Wednesday’s Consumer Price Index (CPI) report from the Labor Department, which showed a 0.2% incre...
Binance Registers With India's FIU After Paying $2.25 Million Fine
Crypto exchange Binance has registered with India's Financial Intelligence Unit (FIU) as a reporting entity, after settling a $2.25 million fine with the agency earlier in the year. Binance CEO Richard Teng described the registration as an "important milestone" for the exchange in a statement shared with Decrypt, adding that "this alignment with Indian regulations allows us to tailor our services for Indian users." In a blog post, Binance announced that its app and website are now "fully availab...
Confiction Labs Launches 'Proof of Exposure' to Combat Rising Bot Activity in Web3 Gaming
Confiction Labs, the developer behind the Web3 co-op multiplayer shooter Riftstorm, has introduced a new in-game verification system aimed at curbing what it views as increasing bot activity in the sector. The initiative, dubbed "Proof of Exposure," integrates non-fungible tokens into the game's lore as a method to distinguish genuine players from automated bot accounts. The move comes as Web3 games grapple with a rising bot problem, with a recent report from marketing platform Cookie3 suggesti...
Senator Schumer Vows to Pass Crypto Regulation This Year in Bid to Win Over Voters
Sen. Chuck Schumer (D-NY), majority leader in the U.S. Senate, speaking during a digital town hall meeting on Wednesday, vowed to pass crypto legislation by the end of the year. “I believe Washington cannot just look away from crypto, stick our heads in the sand, and do nothing,” Schumer said during the Crypto4Harris livestream. “My goal is to get something passed out of the Senate and into law by the end of the year, and I believe we can make that happen.” Failing to act, he explained, would “r...