All News
Insights into the biggest events shaping the crypto industry.
Top College Football Pick Inks Bitcoin Contract With University of South Carolina
Top college football prospect Matai Tagoa’i is set to join football stars like Russell Okung, Odell Beckham Jr., and Trevor Lawrence by receiving his compensation in Bitcoin. The linebacker will be paid part of his earnings via the Strike app after signing a “name, image, and likeness” (NIL) deal with the University of Southern California (USC). The exact details of his package are not known, but some college football players, such as Shedeur Sanders, have received estimated payouts of up to $4....
Dec 19, 2024
Coins
BlackRock Has a New Bitcoin Video Ad—And Bitcoiners Hate It
The world’s largest asset manager BlackRock just debuted a new advertisement proselytizing the virtues of Bitcoin, but rather than cheer on the Bitcoin ETF issuer for its efforts, Bitcoiners aren’t happy. The video, which is housed on the iShares Bitcoin Trust (IBIT) ETF page on BlackRock’s website, spends three minutes walking viewers through the evolution of money and key fundamentals of Bitcoin. One of those fundamentals is Bitcoin’s 21 million fixed token supply. While the video explains t...
Dec 19, 2024
Law and Order
Satoshi Pretender Craig Wright Dodges Two-Year Jail Sentence
There he goes again. Craig Wright, the computer scientist whom a UK court ruled in March was absolutely not Satoshi Nakamoto, was found in contempt of court Thursday for continuing to assert his identity as the mysterious inventor of Bitcoin. Wright, who is believed to be in Asia and did not show up for the London hearing, faced as much as two years in the slammer, per UK contempt-sentencing guidelines. High Court Judge James Mellor suspended the sentence for two years, provided that Wright stop...
Dec 19, 2024
Markets
Cathie Wood's ARK Invest Sells More Coinbase Stock Amid Bitcoin Plunge
Cathie Wood’s asset tech-focused investment firm ARK Invest has sold nearly $4 million in Coinbase stock (NASDAQ: COIN)—one of the biggest crypto-related equities—as Bitcoin and the rest of the crypto market take a hit after a period of massive gains. ARK’s Ark Fintech Innovation ETF (ARKF) offloaded 13,780 COIN shares worth $3.9 million, data from Wednesday shows. COIN is now priced at $274 per share—a 2% dip over the day. Over five days, it has fallen by 13%. Wood’s investment firm is one of...
Dec 19, 2024
Coins
El Salvador May Accelerate Bitcoin Buys Following IMF Deal Concessions
El Salvador may have reached a deal with the International Monetary Fund that will see the tiny country scale back its Bitcoin law—but it’s still going to “HODL.” And it might even step up its BTC buys. That’s according to Stacy Herbert, the head of El Salvador’s National Bitcoin Office, who wrote on X (formerly known as Twitter) Thursday that the country may even continue buying the cryptocurrency at an “accelerated pace” going forward. El Salvador in 2021 made Bitcoin legal tender along with...
Dec 19, 2024
Law and Order
'Free Razzlekhan': Bitcoin Hacker Makes Plea From Prison for Rapper Wife
Ilya Lichtenstein, the hacker currently serving a five-year prison sentence for stealing billions of dollars worth of Bitcoin from crypto exchange Bitfinex, sent a message today from his jail cell: It was all his fault, and his wife shouldn’t be punished for his misdeeds. Lichtenstein’s wife, Heather Morgan—perhaps better known by her rapping moniker “Razzlekhan”—was herself sentenced to 18 months in a U.S. prison for helping her husband launder the stolen funds. Last fall, Morgan admitted in f...