Episode 26: "Coinbase's Satoshi Stash, Jailhouse Miners, and the Bitcoin Spark-tacular!"
Cryptolog Newscast25 Syys 2023

Episode 26: "Coinbase's Satoshi Stash, Jailhouse Miners, and the Bitcoin Spark-tacular!"

Coinbase, a leading U.S. cryptocurrency exchange, boasts Bitcoin reserves nearing $25 billion, rivaling the holdings of Bitcoin's enigmatic founder, Satoshi Nakamoto. This positions Coinbase as a dominant player, holding nearly 5% of all existing BTC. With over 100 million users and monthly trades exceeding $223 billion, Coinbase's vast Bitcoin holdings underscore the maturing cryptocurrency industry and the increasing institutional interest in Bitcoin.

The upcoming Bitcoin halving in 2024, a process that halves the rewards for Bitcoin miners, is generating buzz. Historically, halving has influenced Bitcoin's price due to the reduced coin supply. Current data indicates that long-term holders are retaining their Bitcoin, suggesting confidence in its future.

Bitcoin Spark (BTCS) is emerging as a cryptocurrency to watch, especially with the anticipated 2024 bull run. BTCS introduces innovations like a user-friendly mining ecosystem, a unique reward system, and smart contract capabilities. Its strengths lie in its dedicated team, active community, and groundbreaking technology.

In a surprising turn of events, 11,000 Venezuelan soldiers raided a maximum-security prison, dismantling an elaborate Bitcoin mining operation run by inmates. This incident highlights the challenges Venezuela faces in regulating its cryptocurrency landscape and raises concerns about the potential misuse of digital currencies.

In essence, the crypto world is witnessing significant developments, from Coinbase's monumental Bitcoin holdings and the anticipation surrounding Bitcoin halving to the emergence of promising cryptocurrencies like BTCS and startling events like the Venezuelan prison raid.

Jaksot(35)

Ep 19 Crypto Surprises: North Korea's Shift, FTX's Turbulence, and LatAm's Rising Stars

Ep 19 Crypto Surprises: North Korea's Shift, FTX's Turbulence, and LatAm's Rising Stars

North Korean Crypto Hacks: There's been an 80% drop in cryptocurrency thefts by North Korean hackers, from $1.65 billion in 2022 to $340.4 million in 2023. However, the threat persists, with a single ...

15 Syys 202310min

EP 18 Ripple's Shocking SEC Battle, MetaMask's Game-Changer, Market Meltdown & Spotlight on Cardano's BIG Secret!

EP 18 Ripple's Shocking SEC Battle, MetaMask's Game-Changer, Market Meltdown & Spotlight on Cardano's BIG Secret!

U.S.-based cryptocurrency company Ripple said on Tuesday that it plans to fight the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) "all the way through." The lawsuit, which was...

14 Syys 20238min

EP 17 CoinEx Loses $31 Million, Fake Trades Flood Decentralized Exchanges, AND PayPal's BIG Move in US Crypto Space – Find Out More!

EP 17 CoinEx Loses $31 Million, Fake Trades Flood Decentralized Exchanges, AND PayPal's BIG Move in US Crypto Space – Find Out More!

PayPal's New MetaMask Move: PayPal, the renowned payment platform, has unveiled a new feature that empowers US users to liquidate cryptocurrencies through the MetaMask wallet. This move simplifies the...

13 Syys 20238min

EP 16 Exposed: How a Simple Click Cost People MILLIONS in Crypto Scams! Don't Be Next!

EP 16 Exposed: How a Simple Click Cost People MILLIONS in Crypto Scams! Don't Be Next!

Today, we're going to talk about a recent phishing attack on social media that resulted in the theft of over $691,000. The attack was carried out through a malicious link that was posted on the Twitte...

12 Syys 20235min

EP 15 Shocking Revelations in Crypto World: CEO's Historic Sentence, Kenya's Rising Fears & a Tornado Cash Scandal You Won't Believe!

EP 15 Shocking Revelations in Crypto World: CEO's Historic Sentence, Kenya's Rising Fears & a Tornado Cash Scandal You Won't Believe!

In a verdict that has sent shockwaves across the global financial landscape, Faruk Fatih Ozer, the once-celebrated boss behind the Thodex cryptocurrency exchange, has been handed an astonishing senten...

11 Syys 20236min

ep 14 Weibo's Crypto Crackdown to US Treasury & IRS Weighs In and Google Looker Studio's Unintended Use

ep 14 Weibo's Crypto Crackdown to US Treasury & IRS Weighs In and Google Looker Studio's Unintended Use

The popular Chinese social media platform, Weibo, has made a notable move. South China Morning Post reported that Weibo has banished 80 prominent crypto influencers. For context, Weibo is akin to Chin...

8 Syys 20236min

ep 13 Cryptocurrency Heist and Spotify Money Laundering Allegations

ep 13 Cryptocurrency Heist and Spotify Money Laundering Allegations

Major Cryptocurrency Heist at Stake.com: Stake.com, a leading online cryptocurrency casino, witnessed one of this year's most substantial heists on September 4th, losing a whopping $41.3 million. T...

7 Syys 20234min

ep 12 Visa Embraces Solana's USDC Payments, Ripple Fends Off SEC Appeal, and Historic Bitcoin ETF Rulings Emerge

ep 12 Visa Embraces Solana's USDC Payments, Ripple Fends Off SEC Appeal, and Historic Bitcoin ETF Rulings Emerge

Visa Embraces Solana's USDC Payments, Ripple Fends Off SEC Appeal, and Historic Bitcoin ETF Rulings Emerge

6 Syys 20237min