💸 After 10 years of searching, investor Clifton Collins finally found the seed phrase for a wallet containing 6,000 BTC (worth approximately $423.5 million) and immediately sent 500 BTC to Coinbase.
Collins purchased 6,000 BTC in 2011–2012 using money earned growing and selling marijuana and distributed it across 12 wallets.
He kept the private keys on paper, hidden in a fishing rod case in a rented house in Galway, Ireland. After his arrest in 2017, the house was vacated and his belongings were dumped.
Today's transfer suggests that at least some of these funds were not lost.
#NBC #news #crypto
Collins purchased 6,000 BTC in 2011–2012 using money earned growing and selling marijuana and distributed it across 12 wallets.
He kept the private keys on paper, hidden in a fishing rod case in a rented house in Galway, Ireland. After his arrest in 2017, the house was vacated and his belongings were dumped.
Today's transfer suggests that at least some of these funds were not lost.
#NBC #news #crypto
Pudgy Penguins officially launched their #Visa-based #crypto card.
The card is already available in over 170 countries and accepted at 150 million merchants worldwide.
Users can spend stablecoins and cryptocurrency directly, earning cashback of up to 12% and returns of up to 7% on balances.
#NBC #news #crypto
The card is already available in over 170 countries and accepted at 150 million merchants worldwide.
Users can spend stablecoins and cryptocurrency directly, earning cashback of up to 12% and returns of up to 7% on balances.
#NBC #news #crypto
💸#Bloomberg: #BTC #ETF inflows totaled $2.5 billion in a month
#IBIT has already turned a profit and is in the top 2% of all ETFs by inflows year-to-date.
This is despite BTC's 40% drop in six months and geopolitical pressure.
For comparison, when gold fell 40% 10 years ago, the market lost about one-third of its investors, which is considered normal.
In the case of BTC, investor behavior appears atypically strong.
#NBC #news #crypto
#IBIT has already turned a profit and is in the top 2% of all ETFs by inflows year-to-date.
This is despite BTC's 40% drop in six months and geopolitical pressure.
For comparison, when gold fell 40% 10 years ago, the market lost about one-third of its investors, which is considered normal.
In the case of BTC, investor behavior appears atypically strong.
#NBC #news #crypto
Exactly 16 years ago, Bitcoin mining first switched to video cards — a developer showed that GPUs calculate hashes much more efficiently than regular processors.
This breakthrough launched a new era of mining — the network's hashrate after switching from CPU to GPU increased by about 130,000%.
#NBC #news #crypto
This breakthrough launched a new era of mining — the network's hashrate after switching from CPU to GPU increased by about 130,000%.
#NBC #news #crypto
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Billionaire investor and one of Wall Street's most famous bubble hunters, Jeremy Grantham, criticized the crypto market.
According to him, cryptocurrencies are a "worthless speculative asset" that will end "not in a loud crash, but in a quiet demise."
He stated that crypto is not a reliable store of value, is rarely used for real-world payments, and its main function is to help criminals transfer money without leaving a trace.
#NBC #news #crypto
According to him, cryptocurrencies are a "worthless speculative asset" that will end "not in a loud crash, but in a quiet demise."
He stated that crypto is not a reliable store of value, is rarely used for real-world payments, and its main function is to help criminals transfer money without leaving a trace.
#NBC #news #crypto
#Chainalysis proposed bringing order to blockchain investigations, preventing the same crypto address from being classified as either clean or suspicious by different #AML services.
The company proposes separating findings by level: where addresses are simply linked into a group, where a connection to an organization is found, and where the owner can be identified.
In such a system, #AI should only be a tool for finding connections, not independent evidence.
#NBC #news #crypto
The company proposes separating findings by level: where addresses are simply linked into a group, where a connection to an organization is found, and where the owner can be identified.
In such a system, #AI should only be a tool for finding connections, not independent evidence.
#NBC #news #crypto
Director Carl Erik Rinsch has been sentenced to 2.5 years in prison after blowing an $11 million #Netflix series budget on the stock market.
His "production" process looked less like Hollywood and more like Wall Street:
* The Options Flop: He started by burning about $6 million on stock options.
* The Crypto Plot Twist: He threw his remaining $4 million into #Dogecoin, miraculously turning it into nearly $27 million.
* The Luxury Wrap Party: Instead of finishing the show, he spent the massive profits on a Ferrari, a Rolls-Royce, high-end watches, and luxury goods.
On top of his prison sentence, the director has been ordered to pay Netflix $11 million in restitution.
#NBC #news #crypto
His "production" process looked less like Hollywood and more like Wall Street:
* The Options Flop: He started by burning about $6 million on stock options.
* The Crypto Plot Twist: He threw his remaining $4 million into #Dogecoin, miraculously turning it into nearly $27 million.
* The Luxury Wrap Party: Instead of finishing the show, he spent the massive profits on a Ferrari, a Rolls-Royce, high-end watches, and luxury goods.
On top of his prison sentence, the director has been ordered to pay Netflix $11 million in restitution.
#NBC #news #crypto
⚡US Macroeconomic Data
🔴CB Consumer Confidence.
• Fact: 91.2
• Forecast: 94.4
• Previous: 93.1
🔴JOLTS Job Openings.
• Fact: 7.59 million
• Forecast: 7.28 million
• Previous: 7.62 million
Consumer confidence came in below forecast, strengthening expectations for a softer Fed policy — this is moderately positive for #BTC and other risk assets.
#NBC #news #crypto
🔴CB Consumer Confidence.
• Fact: 91.2
• Forecast: 94.4
• Previous: 93.1
🔴JOLTS Job Openings.
• Fact: 7.59 million
• Forecast: 7.28 million
• Previous: 7.62 million
Consumer confidence came in below forecast, strengthening expectations for a softer Fed policy — this is moderately positive for #BTC and other risk assets.
#NBC #news #crypto
⚡️ Dozens of companies, including #Visa, #Stripe, #Mastercard, #BlackRock, and #Coinbase, will launch a new stablecoin called #OUSD.
#NBC #news #crypto
#NBC #news #crypto
Trump revealed that he owns crypto assets worth over $100 million, including BTC and #ETH
In addition, the US President received about $635 million in royalties and other income related to memecoins and the crypto project #WLFI.
Vice President JD Vance also revealed that he owns #BTC worth more than $250,000.
#NBC #news #crypto
In addition, the US President received about $635 million in royalties and other income related to memecoins and the crypto project #WLFI.
Vice President JD Vance also revealed that he owns #BTC worth more than $250,000.
#NBC #news #crypto
FG Nexus recorded a loss of $86.6 million on ETH
Initially, the public company purchased 50,770 ETH for $196 million at an average price of $3,860 in August–September 2025.
However, starting in November, it began selling off and ultimately realized 51,145 ETH for $109.4 million at an average price of $2,138.
A year ago, the company's management announced its intention to become the largest corporate holder of #ETH in the world, but today they sold all their reserves, recording a loss of $86.6 million.
#NBC #news #crypto
Initially, the public company purchased 50,770 ETH for $196 million at an average price of $3,860 in August–September 2025.
However, starting in November, it began selling off and ultimately realized 51,145 ETH for $109.4 million at an average price of $2,138.
A year ago, the company's management announced its intention to become the largest corporate holder of #ETH in the world, but today they sold all their reserves, recording a loss of $86.6 million.
#NBC #news #crypto
Spot #Bitcoin ETFs had their worst month since launch — investors pulled $4.5 billion from funds in June, beating the previous anti-record by 29%.
#BlackRock lost the most — $3.55 billion was withdrawn from #IBIT, and total #ETF assets shrank from over $110 billion to $70.9 billion.
#NBC #news #crypto
#BlackRock lost the most — $3.55 billion was withdrawn from #IBIT, and total #ETF assets shrank from over $110 billion to $70.9 billion.
#NBC #news #crypto
⚡US Macro Data
🔴Non-farm employment change according to ADP.
• Actual: 98K
• Forecast: 118K
• Previous: 122K
The ADP report showed that the US private sector created fewer jobs in June than expected.
For the crypto market, this is a moderately positive signal: a weak labor market increases the likelihood of a softer Fed policy and potential rate cuts.
#NBC #news #crypto
🔴Non-farm employment change according to ADP.
• Actual: 98K
• Forecast: 118K
• Previous: 122K
The ADP report showed that the US private sector created fewer jobs in June than expected.
For the crypto market, this is a moderately positive signal: a weak labor market increases the likelihood of a softer Fed policy and potential rate cuts.
#NBC #news #crypto
NBC
⚡️ Dozens of companies, including #Visa, #Stripe, #Mastercard, #BlackRock, and #Coinbase, will launch a new stablecoin called #OUSD. #NBC #news #crypto