Blockchain Founders Fund’s Post

🚨 Top Blockchain News of the Week: 18th August 2024 🚨 1. The #FBI responded to a #FOIA request about #Bitcoin creator Satoshi Nakamoto with a "Glomar response," neither confirming nor denying they have records on him. The response intriguingly refers to #Satoshi as an individual, sparking further speculation about his identity. 2. $600M in bitcoin from the Silk Road case was sent to a #Coinbase wallet, per #Arkham. The U.S. #DOJ had earlier seized these funds, which are part of a broader $2B confiscation. 3. Recent 13F filings reveal increasing hedge fund #investments in #BlackRock’s bitcoin #ETF, with major players like Goldman Sachs and Morgan Stanley showcasing significant positions as of June 30. 4. #Binance has resumed operations in India after successfully registering with the Financial Intelligence Unit (#FIU-IND) following a seven-month block. CEO Richard Teng highlighted this as a key milestone, aligning Binance with Indian #regulations. 5. #Dubai's court endorses #crypto for salary payments, reflecting a progressive approach to #Web3 and #digitalcurrency integration in UAE's employment contracts. This legal shift shows growing acceptance of crypto's financial role. Check here for more information: https://lnkd.in/dYQDnsky

🚨 Top Blockchain News of the Week: 4th July 2024 🚨 1. Despite a 13% drop in #BTC this month, indicators like the 180-day call-put skew remain positive, suggesting a #bullish outlook. This skew measures the demand for call options, which are bets on price increases. 2. U.S. spot bitcoin #ETFs recorded $168.4M in net outflows amid market fluctuations. #Grayscale’s #GBTC led the outflows with $69.12M, while its newest #bitcoin trust saw $21.81M in inflows, reflecting diverse investor responses. 3. #NFT artists are suing the #SEC over vague regulations, arguing that just as traditional artists like Warhol or musicians like Dylan didn't face such scrutiny, digital art shouldn't be treated as #securities. They claim this ambiguity hinders creativity. 4. Centralized #crypto exchanges are losing traction as #DeFi platforms gain a larger share of the market. #DEX volume rose by 34%, from $133.5B in January to $179.5B recently, showing significant growth in preference for decentralized trading solutions. 5. #Elon Musk's #Neuralink successfully conducted a second human trial. The implant, with 400 electrodes, aims to enhance human capabilities, according to #Musk's #podcast revelation. Check here for more information: https://lnkd.in/dYQDnsky

🚨 Top Blockchain News of the Week: 28th July 2024 🚨 1. The U.S. government moved $2B in seized #Bitcoin, causing market concerns. A government-linked wallet transferred 29,800 #BTC, with subsequent #distributions to different addresses, heightening fears of a sell-off impacting Bitcoin's price. 2. Elliot Gunton, a UK #hacker, was sentenced to 3.5 years for hacking over 500 #Coinbase accounts in 2018-2019. He pleaded guilty to fraud and #moneylaundering, stealing over $900,000 from accounts when he was 17 and 18 years old. 3. #Snowden warns that advanced #AI could compromise blockchain privacy, noting that #Bitcoin transactions are traceable through exchanges, exposing sensitive personal details. He fears AI will use this data for deep profiling within a decade. 4. #DonaldTrump, speaking at the #Bitcoin2024 conference in Nashville, pledged to make the US the "#crypto capital of the world" if re-elected, lauding Bitcoin's potential to surpass gold in value and influence, likening it to the early days of the steel industry. 5. Four men were #arrested in Kyiv, Ukraine, accused of kidnapping and murdering a man after forcing him to transfer #Bitcoin worth $170,000—over 500 times the local average salary. Check here for more information: https://lnkd.in/dYQDnsky

Be sure to tune in to learn about Navigating the Startup Landscape in Web3 with our Managing Partner, Aly Madhavji. ⏰ Friday July 26th at 12pm ET 📍Mark it in your calendar & watch on any of these platforms: 1️⃣ LinkedIn: https://lnkd.in/g4cTihmG 2️⃣ YouTube: https://lnkd.in/gphKysen 3️⃣ Facebook: https://lnkd.in/ghfW6n2n A huge thank you to Gary Fowler of GSD Venture Studios for hosting the stream! 👏 #web3 #livestream #podcast #blockchain #founders #fund #venture #startup #learn