Investors in Evolved Apes, a recently launched PFP — short for profile picture — nonfungible token (NFT) project, are grappling with the disappearance of the project’s anonymous developer. Going by the moniker “Evil Ape,” the developer has allegedly lived up to the name by vanishing with 798 Ether (ETH) worth over $2.7 million from the project’s coffers. The reportedly stolen funds covered both the money realized from the initial minting process and the ETH traded in the secondary sale of the NFTs on the OpenSea marketplace. Indeed, “Evolved Apes” had been one of the hyped NFT mints recently, with the …

The dramatic short squeeze of the stock of video game retailer GameStop this January was the moment when r/WallStreetBets finally transformed from a humble Reddit forum into a financial force that can no longer be ignored. But lost among the memes, trading app drama and hand-wringing over the sanctity of the stock market was one surprising outcome: GameStop’s share price didn’t just rise — the company actually listened to its many new retail investors and aggressively ramped up its strategy to focus on e-commerce. Rather than just a one-off market glitch, the investments made by r/WallStreetBets users resulted in the …

Real-world adoption is what really matters when it comes to being a successful blockchain project and one project that benefited from a recent uptick in adoption is Algorand (ALGO), a pure proof-of-stake protocol aiming to become the go-to base layer for the global financial industry. Data from Cointelegraph Markets Pro and TradingView shows that since bottoming out at $0.67 on July 20, the price of ALGO has rocketed 268% to a daily high at $2.47 on Sept. 9 as its 24-hour trading volume surged to a record-high $4.83 billion. El Salvador builds on Algorand The sudden surge in price and …

Between Bitcoin (BTC) breaking the $50,000 hurdle and the upswell in the altcoin markets, crypto has never been more appealing to speculators. But, stacking profits through trading is worthless unless that money is spent. Luckily, charitable organizations are waking up to the possibility of crypto donations as the world embraces crypto. For blockchain entrepreneur Wendy O, when a local gym was in jeopardy, she knew to tap into crypto Twitter for help. Using social media, her YouTube channel and Tik-Tok, the influencer sent out the call to save a business dear to her heart. The Self Care Lab is a …

The saying, “Everything in moderation, including moderation,” has taken on new meaning since Facebook outsourced responsibility for content moderation to its Oversight Board following the violent events that occurred at the United States Capitol back on Jan. 6, 2021. First conceived in November 2018 as Facebook’s “Supreme Court” for public appeals, the social media giant’s Oversight Board was officially enacted on Oct. 22, 2020. In its time since, the Oversight Board has overturned many of Facebook’s own decisions on what is and is not free speech. Some of the board’s rulings include overturning decisions meant to limit hate speech and …

On July 8, Max Keiser and Stacy Herbert hosted an Elon Musk-inspired show in Austin, Texas. Aptly named “F*ck Elon,” the event, which included a large number of Bitcoin (BTC) maximalists, was surely a rowdy affair. Keiser is known for many things, but restraint is not necessarily one of them. Although we can debate the merits of such a provocatively titled party, Musk’s divisiveness is certainly not up for debate. Earlier this year, the Bitcoin community — including the maximalists — were vocal supporters of Musk. He saw value in Bitcoin and Bitcoin saw value in Musk, one of the …

A new initial exchange offering (IEO) token launch platform achieved liftoff last week, starting with a crypto-industry focused social media platform as its first project. Created by the three-year-old, zero-fee cryptocurrency exchange Digitex, Blockfunder’s first IEO project is Blockster, a fully featured social media platform targeting a very specific community: Crypto enthusiasts and blockchain “hustlers.” Blockster — the name being a mash-up of blockchain and hustler — claims to be “a groundbreaking social network built just for crypto” that it believes can become “the kind of home base the crypto community is missing.” The premise is fairly simple: Start by …

Tesla CEO Elon Musk has brought more stress to the cryptocurrency markets by posting another series of cryptocurrency-related tweets on Thursday. Bitcoin lost around $2,000 in a matter of hours after Musk took to Twitter to post about Bitcoin (BTC) again. The Bitcoin price reacted immediately, dropping from around $38,700 to $37,500 in an hour. Bitcoin continued falling as Musk kept tweeting more cryptic posts in the thread including another breakup-themed tweet on falling crypto prices as well as a post on Dogecoin (DOGE). pic.twitter.com/MLhu6oOwgc — Elon Musk (@elonmusk) June 4, 2021 Bitcoin subsequently dipped to as low as $36,400, …

r/Wallstreetbets, a subreddit famous for organizing a pump for Dogecoin and the GameStop short squeeze, is enacting a crypto discussion ban after officially allowing the topic for a single day. Subreddit moderator u/bawse1 announced on Thursday that r/Wallstreetbets has now banned crypto discussions forever, following a Bloomberg article titled “WallStreetBets Bows to Crypto.” Just a day before, the same moderator officially announced that the subreddit will finally allow crypto discussion strictly limited to Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE). The new post reads: “Due to the article that was written [by] Bloomberg who somehow felt that ‘WallStreetBets Bows to …

Changpeng Zhao, founder and CEO of the largest global cryptocurrency exchange Binance and one of the world’s top crypto billionaires, does not own much except crypto. “I’m one of those guys who value liquidity much more than owning something. I actually prefer not to own anything,” Zhao said in a Bloomberg interview on Wednesday. He noted that various cryptocurrencies like Bitcoin (BTC) now make up nearly 100% of his entire net worth as he does not own any real estate or much fiat holdings. When asked how much of his net worth is invested in crypto, Zhao said: “I would …

Ethereum Improvement Proposal 1559, set to be bundled together with the “London” upgrade in July, has caused as much excitement as fear and panic. On the surface, EIP-1559 is nothing more than a change in Ethereum’s gas fee structure. And to spice it up, it has also been labeled as Ethereum’s scarcity engine, or burn mechanism, as it will destroy Ether (ETH) used in transaction fees, making the cryptocurrency deflationary, and perhaps more valuable down the line. Related: Ethereum at a crossroads: Ether community turmoil over miner reward fees Curbing Ether’s inflation will make the digital asset as deflationary as …

According to a March 10 tweet by Bitcoin (BTC) podcaster Peter McCormack, at least six crypto-related accounts have been recently suspended by Twitter. The listed accounts include some of the most prominent crypto figures on Twitter with over 300,000 subscribers like Bitcoin on-chain analyst Willy Woo and BTC stock-to-flow model creator PlanB, as well as crypto advocate TheCryptoDog. Other industry-related accounts like MMCrypto, TheMoon, Koroush AK, and WSBChairman — who claims that the account is not associated with Reddit’s r/WallStreetBets community — have also been suspended. Full list of account suspensions:@woonomic @100trillionUSD@mmcrypto@wsbchairman@themooncarl@TheCryptoDog @KoroushAK Strangely @PeterSchiff hasn't though, what gives? https://t.co/i6L5e93BTV …