Coin Bureau Insider

Watching the value of my airdrop go from 7 figures to 5 figures in the span of 2 hours while I keep refreshing the page trying to claim....still can't claim. Adds insult to injury.

Source 6️⃣ Coinbase Reports First-Quarter Revenue Beat After Bitcoin Rally Leads To Surge In Profit 📈 Crypto exchange Coinbase has reported a strong rebound in the first quarter of 2024, supported by an uptick in market performance and the launch of Bitcoin exchange-traded funds (ETFs). The company reported $1.6 billion in total revenue and a net income of $1.18 billion, compared to a loss of $78.9 million last year. Consumer transaction revenue was $935 million for the quarter, up well over 100% from a year earlier. According to analysts from Raymond James, multiple insiders at Coinbase, including four members of the C-suite, collectively sold $383 million of the company's shares during the first quarter. Source

🔔 MARKET MOVING NEWS! (03/05/24) 1️⃣ PayPal Expands Crypto Offerings With MoonPay Integration 🤝 Fintech giant PayPal has reportedly partnered with MoonPay to expand its cryptocurrency offerings, providing its more than 426 million customers access to over 100 digital assets. The partnership will also allow MoonPay users in the U.S. to seamlessly buy crypto with PayPal through wallet transfer, bank transfer, and debit card transactions. MoonPay believes that this will help avoid the kinds of banking hurdles that some users have encountered with crypto purchases. A MoonPay spokesperson stated,

Frequently, crypto purchases fail when users attempt to use their debit cards directly due to certain bank restrictions. MoonPay's partnership with PayPal offers a solution, significantly increasing the success rate of crypto transactions—even when using the same debit card.

Source 2️⃣ U.S. Senate's Warren Warns National Security Chiefs About Iranian Crypto Mining 🧐 United States Senators Elizabeth Warren and Angus King have reportedly penned a letter to Secretary of Defense Lloyd Austin, Secretary of the Treasury Janet Yellen and National Security Advisory Jake Sullivan, warning of potential national security threats posed by cryptocurrency miners in Iran. The letter outlined Iran's status as a leading jurisdiction for bitcoin mining and how its central bank channels cryptocurrency to fund the economy, though many of the citations were based on activity in 2021. It asked the Biden administration to provide information related to possible ties between the Iranian government and local crypto miners and how digital assets might be used to bypass U.S. sanctions. Source 3️⃣ Chainalysis Will Help Tether Monitor Secondary Market For Illicit Activity 🔍 Stablecoin issuer Tether has reportedly teamed up with blockchain surveillance company Chainalysis to monitor transactions with its tokens on secondary markets. Tether stated that Chainalysis’ surveillance system will allow it to gain market insights and identify wallets that may be tied to illicit or sanctioned addresses. Tether CEO Paolo Ardoino stated,

Our collaboration with Chainalysis marks a pivotal step in our ongoing commitment to establishing transparency and security within the cryptocurrency industry. […] This collaboration reinforces our proactive approach to safeguarding our ecosystem against illicit activities.

Source 4️⃣ Dorsey's Block To Invest 10% Of Bitcoin Profits Into BTC Each Month, Shares Rise On Q1 Earnings Beat 💸 Payments firm Block has reportedly begun a dollar cost averaging (DCA) program to add to its already sizable Bitcoin (BTC) stack, with a current value of around $4.7 billion. Specifically, the company stated that it plans to use 10% of its monthly bitcoin-related gross profit to buy additional bitcoin each month until the end of 2024. The company also released a document outlining its process for acquiring, storing, and accounting for its Bitcoin holdings. Notably, the announcement came during its first-quarter earnings report. Block shares were trading higher in the after-hours session on Thursday after its first-quarter earnings beat analysts' expectations. Adjusted earnings of 85 cents per share bested the consensus estimate by 13 cents, while revenue of $5.97 billion topped Wall Street's $5.82-billion projection. Gross profit grew 22% from last year's first quarter to $2.09 billion. Source 5️⃣ Biggest Friend.Tech Whale Dumps Tokens As Users Struggle To Claim Airdrop 🔽 Friend.tech’s largest airdrop recipient “Murphys1d” has reportedly sold all his tokens just hours after the airdrop. The new Friend.tech (FRIEND) token fell over 52.5% since launch, from $3.26 to just $1.60 at the time of writing. Notably, while Murphys1d sold over 55,000 of the newly-issued Friend tokens, some users were unable to claim their airdrop, including crypto investor Luke Martin. Martin tweeted,

🔥 Rally Report 🔥 ARWEAVE The price of AR has rallied by 13% in the past 24 hours. WHY?! 🎙 Coinbase announced that it was adding support for Arweave perpetual futures on Coinbase International Exchange and Coinbase Advanced. 🔍 The opening of AR-PERP markets will begin on or after 9:30AM UTC on 9th May 2024. If you want to buy or trade AR, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days! 🔗 https://www.coinbureau.com/deals/trading/bybit-cb/ Looking for a Bybit guide?! 👇 📹 https://www.youtube.com/watch?v=YZV9mji7UQo

🔔 MARKET MOVING NEWS! (02/05/24) 1️⃣ Spot Bitcoin ETFs Record Largest Daily Net Outflows Ever 🔽 Yesterday, United States-based spot Bitcoin ETFs posted record net outflows with $563.7 million leaving the funds. Notably, Fidelity’s FBTC experienced the largest net outflows, with over $191 million moving out of the fund, followed by Grayscale’s GBTC with $167.3 million net outflow. BlackRock’s iShares Bitcoin Trust also saw its first-ever outflow day with $36.9 million of outflows. Source 2️⃣ Pike Finance Clarifies ‘USDC Vulnerability’ Statement On $1.6M Exploit ▶️ DeFi lending protocol Pike Finance suffered an exploit on April 30th that led to the loss of $1.68 million worth of digital assets across the Ethereum, Arbitrum and Optimism chains. Following the exploit, the team published an announcement saying that the exploit was related to a “USDC vulnerability.” This statement led to confusion among users as it seemed to hint at problems with the stablecoin issued by Circle. In an attempt to clear up this confusion, Pike has published a statement clarifying that the root cause of the exploit is unrelated to the functionality of USDC-issuer Circle product offerings. Rather, the exploit was caused by “weak security measures” in Pike's contract functions when handling transfers with the Cross-Chain Transfer Protocol (CCTP), a service provided by Circle. Source 3️⃣ MicroStrategy Is Building ‘Decentralised ID’ on Bitcoin Using Ordinals-Like Inscriptions 💸 During a presentation at the annual MicroStrategy World conference in Las Vegas, MicroStrategy co-founder and Executive Chairman Michael Saylor announced the launch of ‘MicroStrategy Orange’ – an open-source decentralised identity solution on the Bitcoin network that uses Ordinal-based inscriptions to store and retrieve information. MicroStrategy has published an unofficial draft of the MicroStrategy Orange specification on Github. The platform consists of three fundamental pieces - Orange Service, Orange SDK and Orange Applications. Orange Service allows users to issue DIDs to their personnel and deploy applications, while Orange SDK and Orange Applications provide customization tools to integrate specific services on mobile and desktop devices. Source 4️⃣ Jack Dorsey's Block Faces Scrutiny From Federal Authorities Over Non-Compliant Crypto Services ‼️ According to an NBC News report, federal prosecutors are investigating fintech firm Block's Square and Cash App units over alleged sanctions violations and regulatory non-compliance issues. Specifically, Block's crypto unit is under scrutiny for allegedly processing transactions linked to sanctioned countries and terrorist organizations. Former employees of Block are cooperating with prosecutors as they uncover compliance failures within the company. NBC News has quoted a former Block worker saying that “everything in the compliance section was flawed,” with thousands of questionable transactions allegedly going unreported to the U.S. Office of Foreign Assets Control. Source 5️⃣ Proposed US Bill Wouldn’t Allow Taxing Block Rewards At Acquisition 🔍 U.S. lawmakers Rep. Drew Ferguson and Rep. Wiley Nickel have reportedly introduced the Providing Tax Clarity for Digital Assets Act to the U.S. House of Representatives. The bill seeks to clarify how Bitcoin and crypto miners are taxed over block rewards. Notably, the proposed legislation states that staking rewards would be considered created property under U.S. tax code, and that taxes on block rewards would be collected at the point of sale. Crypto advocacy group Coin Center described the bill as having “sensible policies” and the Crypto Council for Innovation CEO Sheila Warren called the legislation “right on point” for providing needed guidance. She stated that the proposed bill would “resolve major issues with how cryptocurrencies are taxed today and put the technology on a level playing field.” Source

🔥 Rally Report 🔥 DOGWIFHAT The price of WIF has rallied by 16% in the past 24 hours. WHY?! 📈 Part of a larger rally seen among meme coins on the Solana network. 🔍 According to data shown on Coingecko, the total market cap for meme coins created on Solana sits at over $6.9 billion, up by roughly 7% in the last 24 hours. Interestingly, the rally seems to be largely led by ‘cat-themed’ meme coins on Solana. This includes coins such as POPCAT, MEW, MANEKI and HOBBES. If you want to buy or trade WIF, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days! 🔗 https://www.coinbureau.com/deals/trading/bybit-cb/ Looking for a Bybit guide?! 👇 📹 https://www.youtube.com/watch?v=YZV9mji7UQo

🚨 New Video Alert!! 🚨 Do you know what money is? If you think it’s the paper bills in your wallet or your bank account balance, you’d be mistaken. That’s not money, that’s currency. This fundamental fact is why so many of us have had such a hard time getting ahead – we haven’t been working for money, we’ve been working for currency. This begs the question of what actual money is, and in today’s video, we give you what the most comprehensive answer is probably you will find. Notably, this information will help you make actual money. Enjoy!

🔔 MARKET MOVING NEWS! (01/05/24) 1️⃣ Former Binance CEO Changpeng Zhao Sentenced To Four Months In Prison ▶️ Changpeng Zhao (CZ), the former CEO of crypto exchange Binance, was sentenced to four months in prison on Tuesday in Seattle. While prosecutors sought 36 months of imprisonment for CZ, Judge Richard Jones disagreed with that recommendation and said Zhao was never informed of illegal activity. CZ also made a heartfelt plea for forgiveness and a second chance in a letter submitted to the court on April 24. The letter reads,

I apologize for my poor decisions and accept full responsibility. Rest assured that [this] will never happen again. Please accept my assurance that this will be my only encounter with the criminal justice system…

Source 2️⃣ Coinbase Plugs Into the Bitcoin Lightning Network ⚡️ Crypto exchange Coinbase has reportedly begun rolling out support for the Bitcoin Lightning Network. This will allow Coinbase users to choose between sending Bitcoin using the Bitcoin mainnet or the Lightning Network. Notably, lightning network transactions are expected to allow customers to transfer Bitcoin more quickly and at cheaper rates. Coinbase’s integration of the Lightning Network is reportedly facilitated by Los Angeles-based lightning payments solution provider ‘Lightspark’. Explaining the partnership, Coinbase protocol specialist Viktor Bunin stated,

There are a couple of considerations that we had in mind when determining the best way to add Lighting support. The first thing is that we decided to use a non-custodial integration partner, because when you look at Lightning’s design, it does have this optimization component. The second thing is that when we think about distribution of duties, it makes sense for Coinbase to focus on the security, and the user experience portion, it makes sense to outsource that.

Source 3️⃣ BlackRock's BUIDL Becomes The World’s Largest Tokenised Treasury Fund 📈 The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is now the largest treasury fund tokenised on a blockchain, overtaking rival Franklin Templeton's similar offering just six weeks after its debut. Specifically, the market cap of BlackRock’s BUIDL is now $375 million while Franklin’s OnChain U.S. Government Money Fund (BENJI) sits at $368 million. BUIDL, which is backed by U.S. Treasury bills, repo agreements and cash, saw $70 million of inflows last week, including $50 million from real-world asset tokenisation firm Ondo Finance's OUSG token. Source 4️⃣ Roger Ver Indicted for Tax Fraud 🔍 Early Bitcoin investor Roger Ver, also known as "Bitcoin Jesus," has reportedly been indicted for tax fraud on Tuesday, according to a press release from the U.S. Department of Justice. The release also revealed that Ver was arrested over the weekend in Spain and his extradition back to the U.S. will be sought. Specifically, the indictment alleges that Ver evaded paying taxes to the tune of nearly $50 million, conducted mail fraud, and filed false tax returns. The DOJ states that Ver lied to the Internal Revenue Service (IRS) about how much Bitcoin he and his companies really owned. Source 5️⃣ Gensler Lied to Congress About Ethereum, Says Rep. McHenry ‼️ United States House Financial Services Committee Chair Patrick McHenry has accused U.S. Securities and Exchange Commission Chair Gary Gensler of having “knowingly misled Congress” regarding the regulator’s alleged attempts to classify Ether as a security. Notably, McHenry’s comments come after the revelation that the SEC has internally considered Ethereum to be an unregistered security for over a year. Source

🔥 Rally Report 🔥 STARKNET The price of STRK has rallied by 6% in the past 24 hours. WHY?! ‼️ Chinese police have captured a person suspected of identity forgery related to the STRK airdrop. 🔍 According to the report, the suspect assumed other people’s identities and submitted over 40 false Early Community Member Program (ECMP) airdrop forms, claiming over 40,000 STRK tokens that initially belonged to the victims. If you want to buy or trade STRK, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days! 🔗 https://www.coinbureau.com/deals/trading/bybit-cb/ Looking for a Bybit guide?! 👇 📹 https://www.youtube.com/watch?v=YZV9mji7UQo

🔔 MARKET MOVING NEWS! (30/04/24) 1️⃣ Ethereum Restaking Protocol EigenLayer Reveals Token and Airdrop Plans ‼️ The Eigen Foundation, which supports the Ethereum restaking protocol EigenLayer, released a white paper on Monday confirming plans for an EIGEN token. The token will reportedly be used for apps that rely on intersubjective agreement, such as prediction markets, storage services, and gaming virtual machines. Based on a snapshot of eligible wallets taken last month, the Eigen Foundation said the EIGEN token airdrop will take place between May 10 and September 7. The initial "stakedrop" allocates 5% of the total token supply to users who engaged in staking activities as of March 15. However, several jurisdictions, including the United States and Canada, have been excluded from the upcoming airdrop. Source 2️⃣ SEC Has Secretly Considered Ethereum a Security Since 2023, Says Consensys in Unredacted Lawsuit 🤔 According to recently unredacted portions of an SEC lawsuit filed by software giant Consensys, the SEC and its chair, Gary Gensler, have internally considered Ether to be a security for at least a year. Specifically, Consensys’ complaint states that Gurbir Grewal, the Commission’s Director of the Division of Enforcement had issued an internal Formal Order on March 28, 2023, announcing an investigation into “Ethereum 2.0.” This order authorised SEC employees to investigate and subpoena parties involved in the buying and selling of ETH. Source 3️⃣ Bitcoin Slips Under $62K as Hong Kong ETFs Disappoint 🕯 The day one performance of the recently launched Bitcoin and Ethereum exchange-traded funds (ETFs) in the Hong Kong markets has reportedly disappointed market analysts. Notably, the six new crypto ETFs' total trading volume at the closing bell on day one in Hong Kong was 87.58 million Hong Kong dollars ($12 million). This number is a fraction of the expected $100 million and also pales in comparison to the first-day trading volume of U.S. Bitcoin ETFs, which was valued at $4.6 billion. Specifically, Bitcoin ETFs accounted for $8.5 million of the tally, while ether ETFs contributed the rest. Source 4️⃣ Tether Stablecoin Firm Tether Invests $200M In Neurotech Company 💰 Stablecoin issuer Tether has announced a strategic investment of $200 million into Blackrock Neurotech, becoming the majority stakeholder in the neural implant company. Notably, the investment follows the recent restructuring of its business. The investment was carried out through Tether Evo, a brand-new division at Tether focused on the intersection of human potential and technology. To be clear, Blackrock Neurotech is not related to the asset management giant BlackRock. Blackrock Neurotech is a global pioneer of human brain-computer-interface (BCI) technology, known for its advanced brain-computer interfaces. The firm is committed to helping millions of people around the world afflicted with paralysis, lost function and neurological disorders that prevent them from walking, seeing, hearing, feeling or talking. Source 5️⃣ Samourai Wallet's Keonne Rodriguez Pleads Not Guilty To Money Laundering, Transmitting Charges 🔍 Samourai Wallet co-founder Keonne Rodriguez has reportedly pleaded not guilty to two criminal charges relating to his creation of a tool that makes crypto transactions difficult to trace. The two charges Rodriguez faces are ‘Conspiracy to commit money laundering’ and ‘conspiracy to operate an unlicensed money transmitting business,’ carrying a combined maximum prison sentence of 25 years. Source 6️⃣ Bankruptcy Judge Signs Off On $450M FTX-Voyager Settlement ☄️