Get Forbes' top crypto and blockchain storiesdelivered to your inboxevery week for the latest news on bitcoin, other major cryptocurrencies and enterprise blockchain adoption.
Mustafa Murat Kaynak / Anadolu Agency
Bitcoin enjoyed a modest breakout Monday, gaining close to 5%, though it soon retreated back near where it began the week. After rising more than 150% in a two-month period from mid-March to May, bitcoin has sputtered since its halving and its volatility by the end of June was its lowest since February. A report this week showed that bitcoin trading volumes sank by 36% in June, a decline reminiscent of the lead-up to the crypto winter in early 2019.
One small cryptocurrency did double in value this week with a push from young TikTok users. Dogecoin, which trades for less than half a penny, soared after a viral video with a million views encouraged users to invest.
Brock Pierce, a controversial cryptocurrency investor who cofounded the stablecoin tether, is running for president. While his vanity third-party run isnt getting as much hype as that of rapper Kanye West, Pierce promises that he would have used 21st century technology to get stimulus checks and unemployment to Americans much faster. In a wide-ranging interview, Pierce revealed more details on his policy positions and denied disturbing allegations that he provided drugs to minors and pressured them to have sex in 2000.
The first week of his campaign didnt go so well. A New York appeals court approved an investigation into a number of businesses behind tether, which is pegged to the U.S. dollar and has a market value of $10 billion. Questions about whether or not tether is actually backed dollar-for-dollar have circulated since 2018. The Bitfinex exchange is also a separate respondent in the New York attorney generals investigation.
Sigal Mandelker, a Donald Trump appointee for under secretary of the Treasury for terrorism and financial intelligence who stepped down last year to work in the private sector, has reemerged as an investor and board member for Chainalysis. Her venture firm, Ribbit Capital, joined the crypto investigation startups expanded $49 million Series B funding round, and she expects to put her government experience tracing illicit activities to good use.
Bitcoins lightning network was built to speed up low-value bitcoin transactions by moving them off the bitcoin blockchain, but researchers at the Hebrew University of Jerusalem warned that the network is vulnerable against cyberattacks if users arent careful. Computer scientists Jona Harris and Aviv Zohar wrote in a Medium post that since the network is susceptible to blockchain congestion, around $9 million worth of bitcoin could be looted by attackers.
The PlusToken Ponzi scheme masterminds disappeared in 2019 with a $3 billion profit after six people allegedly involved in the scheme were arrested, but after a long quiet period, the XRP holdings of PlusToken wallets are moving again, signaling that some Ponzi schemers may still be at large.
About 285 million XRP tokens were transferred to a pool of accounts on June 19 shuffling the money and making it difficult to trace, though the scammers dont necessarily control this shuffle-pool and it may be law enforcement simply selling seized assets.
Digital asset investment manager Arca launched the Arca U.S. Treasury Fund on Wednesday, making it the first SEC-registered product regulated under the Investment Company Act of 1940 to offer digital securities. The fund will use the Ethereum blockchain to offer shares of ArCoins, which will pay out quarterly interest to investors, and ArCoins value is expected to remain stable since the fund will invest primarily in low-risk Treasury securities.
The Federal Reserves Declining Balance Sheet Is Bearish for Bitcoin. Or Is It? [CoinDesk]
Crypto Stablecoins Face Increasing Regulatory Scrutiny [Bloomberg]
Could We Fight Misinformation With Blockchain Technology? [New York Times]
Read more:
Bitcoin Trading Volume Slumps; Will TikTok Revive Dogecoin? - Forbes
- The Worlds First Bitcoin Debit Card Is Almost Here [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Google removes malware Android apps used to secretly mine bitcoin [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin runner-up Litecoin emerges as low-price challenger [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- How does Bitcoin work? - Bitcoin - Open source P2P money [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin - Wikipedia, the free encyclopedia [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- POLICE STATE USA - COP Goes CRAZY at INNOCENT Black Guys Filming a Wal-Mart in Houston - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- START MINING LITECOIN with Home Built LITECOIN MINING RIG (FORGET BITCOIN) ----- THE FUTUR - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin going to $10,000 - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin going over $1,000 - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin Trading Robot - The First Automated Bitcoin Robot - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin or Gold? Squawk Walk Taipei- Squawkonomics - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin Miner AntMiner S1 180 - 200 GH/s Nu in de Aanbieding! - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- New Bitcoin Documentary: Boom or Bust - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- The Bitcoin Revolution Is Just Beginning (Full Interview) - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Market Extra: Bitcoin venture capital money hasnt kept up with buzz [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin Exchange BTC China Cuts Ties With China Merchants Bank [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin price slips as China steps up regulation [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin price slips on China regulation [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Win .33 Bitcoin ($150 or so, Depending on BTC value) - Meme game for May 1st - Take My Bitcoins - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin May v0.9.1 GitHub Source Code Development Visualization - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Jaromil on Russia TV about Bitcoin - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Atomic-Trade Bitcoin Exchange. AML, BSA, FinCEN compliant - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Breaks Down Bitcoin - global economic crisis - max Keiser - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- The Bitcoin Group #27 - China Bans Bitcoin Again - Politics - Dark Market - Bitcoin VC - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Edan Yago - Free Market Bitcoin regulation and Honduras free trade zones.mp4 - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- btc.sx Bitcoin derivatives platform George Samman clip - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- China Bans Bitcoin Again -- Bitcoin the Movie -- Startup for Startups Raises 2,000 BTC - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Video: Roundup of This Week's Bitcoin News 25th April 2014 - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin and the Internet of Money - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Virgin Group founder Richard Branson, why he's decided to accept Bitcoin for space travel? - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin for Dummies - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Live Butterfly Labs Mining Cam- Take My BitCoins- win free Bitcoin - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Market Extra: Bitcoin is like the early Internet, minus the VC money [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- 'The Rise And Rise Of Bitcoin' Filmmaker: 'There Is No Answer Yet' [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin the movie: It just had to happen [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin Expo 2014: Fireside Chat with Dr Gavin Wood - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- reXBT.com Andreas M. Antonopoulos L.A. Bitcoin Meetup The Network Effect Part 2 of 8 - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin: what happens when the miners pack up their gear? [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- New Bitcoin student club at MIT will promote the virtual currency [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Dark Wallet Is About to Make Bitcoin Money Laundering Easier Than Ever [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Bitcoin Vies with New Cryptocurrencies as Coin of the Cyber Realm [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- 4/29/14 - MIT Bitcoin Project, Mt Gox revival plan, Mastercard lobbyists & Team Rubicon - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Mini Bitcoin Mining Rig with 11 USB Block Erupter from ASICminer - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Is Bitcoin Over? Mt. Gox Pauses Withdrawals - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- BitCoin Dentist GoCoin Fox News Interview - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Blockchain Bitcoin BitMe iNjector Instant wallet funds adder - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Bitcoin Generator Feb 2014 NO SURVEY - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Free Bitcoin Generator 2013 1 0v Download Miner Tool 2014 - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- MAX KEISER - BITCOIN Is The FUTURE - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- The Bitcoin Meetup - BitcoinMKE Hosts Jeffrey Tucker - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- MIT Bitcoin Expo 2014 - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Bitcoin, gold and competitive currencies - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Bitcoin Foundation Election Hiccups -- Pathetic Ohio Bans Bitcoins -- Dogecon SF 2014 - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Keiser Report: Gold, Silver, Bitcoin FTW! (E527) - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Bitcoin Talk Show #7 -- Skype BitcoinTalkShow to Call in Live! 🙂 - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Bitcoin Turbo Miner | Fast Bitcoin Generator | NEW [Updated April 2014] Direct Download! No waiting! - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Basic Bitcoin Bitches - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Gold standard vs Fiat vs Bitcoin - Truthloader - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Bitcoin Exchange - Bitcoin Predictions & Live Market Action! - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- The Bitcoin Revolution is Just Beginning (Preview) - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- How to Defund the System: Bitcoin vs. the Central Banksters - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Bitcoin, Anarchy and Freedom with Roger Ver - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- bitcoin dogecoin donations and i ramble a ton - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Techcrunch - Is Bitcoin or Litecoin The New Euro-Disrupt Europe 2013 (Part1) - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- MIT Goes Bitcoin-Wild [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Bitcoin Weekly 2014 April 30: Bloomberg adds Bitcoin to their market index, MIT to produce campus-wide bitcoin ... [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- 'Dark Wallet' wants to make Bitcoin even harder to trace [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Better than Bitcoin! Creating Multiple Sources of Income, Growing Tomatoes - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- What is Bitcoin? - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- James Altucher Discusses the Future of Twitter and the Bitcoin - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Bitcoin made simple (video animation) - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Jon Matonis: Bitcoin - The future of commerce? - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- $100 in Bitcoin Going to Every MIT Undergrad - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Should I Invest in Bitcoin? Stock Market Investment Advice Mining, Price, Exchange, Value - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- The Rise of Digital Currency (documentary) - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Bitcoin: How We Got Here and Where We Are Going [Last Updated On: May 3rd, 2014] [Originally Added On: May 3rd, 2014]
- CIA Bitcoin CONSPIRACY, SILVER TO BREAK THE ECONOMY - Andy Hoffman & Chris Duane - Video [Last Updated On: May 3rd, 2014] [Originally Added On: May 3rd, 2014]
- 5/1/14 - Larry Summers warns critics, Paym system & Bitcoin Center NYC roundtable - Video [Last Updated On: May 3rd, 2014] [Originally Added On: May 3rd, 2014]
- On est Connect S2 #07 1/2 : BitCoin et Musique sur Internet - Video [Last Updated On: May 3rd, 2014] [Originally Added On: May 3rd, 2014]