Arkham, a cryptocurrency analytics platform, has put a bounty of 100,000 ARKM, valued at 0,000, for information leading to the reveal of the creator of DJT, a Solana token linked to the former President and current Republican presidential candidate Donald Trump. While the token was issued with Trump’s involvement according to sources, there has not […]
Bitcoin News
Uniswap Creator: Biden Administration Mistaken in Believing Crypto Irrelevant to 2024 Elections
Hayden Adams, the creator of the decentralized finance platform Uniswap, has warned the Biden Administration that it is gravely mistaken to believe that crypto will be irrelevant in the 2024 election. Adams also criticized the administration for allowing the U.S. Securities and Exchange Commission and Senator Elizabeth Warren to wage an all-out war against crypto, […]
Bitcoin News
CREAT’OR Shakes Up Equity Crowdfunding With Beta Stage ICO and StakeXchange Platform
PRESS RELEASE. Victoria, Seychelles, May 7th, 2024 – CREAT’OR (Crypto Related Equity And Token Operational Resources) has officially launched its highly anticipated Initial Coin Offering (ICO), currently in the BETA Stage, offering an incredible 85% discount on its CRET Token. This is a remarkable event in the company’s journey towards upgrading the Equity Crowdfunding industry […]
Bitcoin News
Solana Memecoin Presale Gone Wrong: Creator Accidentally Burns $10M, Whale Makes Huge Profit
A new Solana-based memecoin launched today, becoming the talk of the town, and whales have noticed it. However, the reasons behind this might be different from what everybody expects.
Since its launch, Slerf (SLERF), the newest Solana-based project, has been trending for all the wrong reasons. The project successfully raised million during its presale and saw most of the token supply burned by accident.
Solana Memecoin Launch Sees Millions Gone
Just a few hours ago, the Slerf creator and the presale investors were full of excitement and expectation as the token’s launch approached. Everything appeared normal as the project’s X account announced it had successfully burned .8 million worth of SLERF.
For context, the project’s website states that the “slerfnomics” included a total supply yet to be determined, with 50% of the tokens to be sent into the Liquidity Pool (LP) and 50% for the presale participant’s airdrop. Additionally, the tokens in the LP would be burned at launch, and ownership would be revoked.
However, investors seemed confused about the amount burned and where the airdrop tokens would come from. Before realizing their mistake, the creator explained that the airdrop to the presale participants wasn’t done before the burn because “it was the safest way.”
The community quickly realized that something had gone wrong, as it seemed the project’s team had no tokens left for the airdrop. The creator realized the mistake shortly after and announced it on X while apologizing.
“Guys I fucked up. I burned the LP and the tokens that were set aside for the airdrop,” the post read. He further explained that the mistake was a “simple mindless misclick” while burning the LP.
It was further explained that after the first attempt to burn the tokens failed, the creator checked the Sol incinerator and couldn’t see the LP tokens. As a result, he decided to clean the wallet of the “shitcoins” sent there. This action accidentally burned the presale token’s supply alongside the other tokens.
The mistake proved irreversible as the minting authority had already been revoked. Neither the creator nor the developers could access the burned tokens or mint new ones for the presale participants.
From Sloths To Whales: Millions Made In 12 Minutes
Whales took the opportunity to profit big on this Solana-based memecoin drama, as reported by Lookonchain.
The blockchain research platform revealed that a whale wallet with over million worth of SOL spent 6,000 (3,024 SOL) to buy 1.7 million SLERF. This wallet had never bought any tokens, and its newly acquired SLERF accounted for .5 million in unrealized profits a couple of hours ago.
Unbelievable!
This guy made ~.02M in just 12 minutes by trading $SLERF!
He spent 9,894 $SOL(.98M) to buy 69.74M $SLERF immediately after opening trading.
Then sold it for 25,001 $SOL(M) within 12 minutes.
Making 15,107 $SOL(.02M) in just 12 minutes!… pic.twitter.com/KyKkefVdKj
— Lookonchain (@lookonchain) March 18, 2024
A different whale wallet spent 9,894 SOL (worth .98 million) to buy almost 70 million SLERF immediately after opening trading. In 12 minutes, the trader sold the memecoin for 25,001 SOL (worth around million) and made over million in profit.
However, these transactions raised the alarms of the presale investor and the community. Doubts of the “accidental burn of tokens” being much more than a mistake are high, as replies to the post suggest. Many users believe these movements to be from “insiders” and not “lucky people.”
– you aped 100 sol to $slerf presale
– its midnight and you have to step into the wage-cage monday morning so you go to bed
– you wake up & casually check on how the launch went
– you see its at 1 billion, and think to yourself.. holy shit i must be up 7 figs
– you figure out… pic.twitter.com/QhqrrSu4sG
— ponzisaur (@ponzisaur) March 18, 2024
The Slerf creator guaranteed it was an honest mistake during an X Space session. He also stated his principal concern was to make things right for those who saw their investment vanish.
Moreover, he committed to finding a way to refund the presale participants. As of this writing, Slerf is live on X Space, asking the community for suggestions on how to repay them.
The SLERF pumped to .24 after its launch, over 43.4% in an hour. The token’s price has decreased by over 52%, trading at .59 at writing time.
Animoca Brands’ Darewise Entertainment, Creator of Life Beyond, Announces Strategic Partnership With DFZ Labs, Creator of Deadfellaz
PRESS RELEASE. Darewise Entertainment (“Darewise”), a subsidiary of Animoca Brands and the visionary force behind the Life Beyond gaming destination, announced today a strategic partnership with DFZ Labs, creator of the world-renowned Web3 brand Deadfellaz.
Darewise and DFZ Labs have entered into partnership to support each other’s growth by sharing their expertise in Web3 with each other through an advisory framework as well as expanding their respective communities of Web3 players.
The Deadfellaz community, affectionately known as the Horde, is highly active in the streaming and content creation ecosystem, utilizing their Streamingfellaz (animated rigged avatars created by Hologram Labs) to showcase streamers’ gameplay from Web2 and Web3 on platforms including Twitch and YouTube.
Under the partnership, the streamers’ avatars and content will be utilized to showcase their offerings from Life Beyond, such as the upcoming BOTS game, and the Alpha and Beta versions of Life Beyond that will be available in Q2 and Q4 2024, respectively. For details please visit playlifebeyond.com.
To celebrate the partnership, Darewise has acquired three Deadfellaz PFP NFTs and 50 Packs of NFTs of an upcoming Deadfellaz Trading Card Game which will be used for community battles and engagement.
Betty, CEO of DFZ Labs (Deadfellaz), said: “Collaboration is one of the foundational cornerstones of Web3, and it is a huge honor to envision something new and build it alongside such visionary peers as Darewise and Animoca Brands. The exchange of value between our companies means we each benefit from our respective expertise, which grows the entire ecosystem and pushes what we build forward, together. Huge thank you to the Darewise team!”
Benjamin Charbit, CEO of Darewise Entertainment, commented: “The Deadfellaz brand is one of the most recognized IPs in the Web3 space thanks not only to its strong visual identity but also to the values it represents and its strong commitment to gaming and the empowerment of its community. We are looking forward to our working closely together and sharing each other’s expertise.”
-End-
About Darewise Entertainment
Darewise Entertainment, a subsidiary of Animoca Brands, is a Web3 game technology company founded by veterans of the AAA games industry that is currently developing the sci-fi MMO Life Beyond. Core team includes Benjamin Charbit (Game Director, Assassin’s Creed IV: Black Flag), Marc Albinet (Game Director, Assassin’s Creed Unity and Dying Light 2), Christian Bravery (Art Director, Black & White, and the Fable series), Samuel Kahn (Tech Lead, Ubisoft’s Snowdrop Engine and Crytek’s Cryengine) and Vincent Marty (Head of Marketing, Ubisoft EMEA _ VP ESL Gaming). Darewise Entertainment is a multicultural team with offices in Paris, Barcelona, and London. The company strongly believes in the positive power of online video games to create meaningful, interactive, and social experiences. For more information, visit https://darewise.com.
About Life Beyond
Life Beyond is a gaming metaverse where players embark on a journey to build a new civilization on Planet Dolos. In this sci-fi world powered by a player-driven tokenized economy, player-citizens can decide who they want to become and the role they want to play in Life Beyond’s complex and many-layered society. Developed and published by Darewise Entertainment, a subsidiary of Animoca Brands, the project embraces the open metaverse philosophy to create immersive experiences with an emphasis on true ownership and interoperability.
Website | Discord | Instagram | X (Twitter)
About DFZ Labs and Deadfellaz
DFZ Labs is a Web3 company pioneering the convergence of blockchain technology with storytelling, art and entertainment to create products and experiences that redefine the relationship between community and brand. Founded in 2021, DFZ Labs has a focus on digital identity, creator empowerment and embracing evolving technology. DFZ includes Deadfellaz, DFZ Gaming, and the upcoming TCG, codenamed ‘RIP TCG’. Deadfellaz has an active and vibrant community in Web3 and beyond – championing diversity, pop culture and progressive innovation. DFZ is led by award-winning co-founders Betty, and Psych – who bring their extensive background in creative production at a AAA level, community building, UX, UI and more to this partnership.
Website | Discord | Instagram | Twitter
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP
, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, Be., PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 400 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information visit www.animocabrands.com or follow on X (Twitter) or Facebook.
CONTACT
Darewise Entertainment: Timothee@darewise.com
DFZ Labs: betty@deadfellaz.io
Animoca Brands: press@animocabrands.com
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Craig Wright Offers Settlement in Disputed Bitcoin Creator Case
Craig Wright, who claims to be the creator of Bitcoin, has presented a non-negotiable settlement, potentially ending the contentious legal battle over the true identity of Satoshi Nakamoto, Bitcoin’s pseudonymous founder.
Bitcoin’s Alleged Creator Proposes Settlement Amidst Forged Document Allegations
Craig Wright, the self-proclaimed inventor of Bitcoin, has made a public, non-negotiable settlement offer to the Crypto Open Patent Alliance (COPA), Coinbase, Kraken, and the Bitcoin Core developers, amid a heated legal battle concerning the true identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
In October 2023, Wright submitted new evidence, which he alleged supported his claim, including a “Bitcoin White Paper” and a 2007 computer “time capsule.” However, a revelation emerged from expert witnesses for both COPA and Wright, who agreed that these documents were recent forgeries.
Both parties’ forensic experts concluded that the Bitcoin white paper, purportedly written in Latex, was actually produced in Openoffice, and could not have been created before 2009. Similarly, the “time capsule” file, claimed to be from 2007, showed evidence of editing in September 2023, undermining Wright’s assertions. Additionally, a deleted file suggested the use of Chatgpt in fabricating part of the evidence.
With the trial set to commence on Feb. 5, 2024, Wright proposed a settlement that could end multiple lawsuits involving COPA, Coinbase, Kraken, and BTC Core. The offer stipulates that these entities acknowledge Bitcoin’s original purpose as outlined in the white paper, cease claims of representing the original Bitcoin, and ensure Bitcoin’s use for the benefit of humanity and in compliance with laws against illicit activities. In return, Wright agrees not to pursue claims related to his database rights and copyrights in the BTC, BCH, and ABC blockchains.
Wright’s proposal, detailed in a post on his blog, emphasized his desire to refocus on family and the development of blockchain technology, particularly Bitcoin Satoshi Vision (BSV). He reiterated his commitment to the original principles of Bitcoin and expressed his intention to foster a competitive market where intellectual property rights are respected.
This offer, made just weeks before the trial, could be seen as a strategic move by Wright, signaling lack of confidence in his evidence. However, the acceptance of the settlement by COPA and other parties seems unlikely.
Hard pass on that “settlement.”
Just like Craig Wright forges documents and doesn’t quite tell the truth, his description of the settlement offer isn’t quite accurate either – it comes with loopholes that would allow him to sue people all over again.
— COPA (@opencryptoorg) January 24, 2024
If rejected, the trial will proceed, potentially leading to a decisive court ruling on Wright’s claim to be Satoshi Nakamoto.
Given the current news, what are the odds that Wright will be successful? Share your thoughts and opinions about this subject in the comments section below.
S2F Creator Plan B’s Prophetic Call — ‘Enjoy Sub-$40K Bitcoin While It Lasts’
Willy Woo, an onchain analyst, recently predicted that bitcoin’s value might consistently stay above the K mark. Earlier this week, the statement was complemented by Plan B, the developer of the stock-to-flow (S2F) price model, who presented a realized price chart and urged enthusiasts to “enjoy sub-K bitcoin … while it lasts.”
Bitcoin’s Final Days Below K? Market Analyst Plan B Urges Enjoyment of Current Prices
Currently, with bitcoin’s valuation lingering just under K, there’s a strong sense of bullishness and high optimism about the leading crypto asset’s future pricing. Earlier in the week, Markus Thielen, head of research at Matrixport, opined that BTC’s rise above K seems “inevitable,” particularly following Binance’s agreement with the U.S. Department of Justice. Thielen and his team estimate an 80% probability of BTC surpassing the K mark by December.
Echoing these sentiments, Plan B, the architect of the S2F model, also foresees a surge to the K threshold. On November 24, he remarked, “Enjoy sub-K bitcoin … while it lasts.” In response to queries about potential price drops, Plan B stated his aversion to the “Picking Up Pennies In Front Of A Steamroller” game, emphasizing his anticipation of a significant rise in bitcoin’s value:
I expect [a] 0K-M bitcoin average in [the] 2024-2028 halving cycle, so at least 3x from here.
Supporting Plan B’s outlook, bitcoin advocate Dan Held concurred that bitcoin below K wouldn’t persist for long. Another bitcoin enthusiast expressed that prices under K are a “gift.” Furthering his analysis, Plan B also shared a “realized price” chart for bitcoin (BTC). This graph, reflecting historical pricing trends, indicates a recurring pattern of resurgence every time it aligns with the five-month ‘realized price’ threshold.
According to the analyst’s chart, the price line presently skims just above the five-month realized price. Historically, such an alignment has been a precursor to significant price increases. Plan B’s insights follow Willy Woo’s recent projection, where he showcased a cost basis density map for bitcoin, suggesting that if current trends persist, “we’ll probably never see BTC going below K again.”
What do you think about Plan B’s statement about enjoying prices while they are below K at the moment? Do you agree with his statement? Share your thoughts and opinions about this subject in the comments section below.
Unraveling the Online Legacy of Satoshi Nakamoto: Bitcoin’s Mysterious Creator
The mysterious Satoshi Nakamoto appeared online nearly 600 times through emails and forum posts. Records of Nakamoto’s writings indicate he was most active in July and August. While Nakamoto covered many topics, Bitcoin’s inventor was notably visible when sharing new release candidates, discussing the addition of password protection to Bitcoin’s JSON-RPC interface, and addressing the “overflow bug” from August 2010.
Decoding Satoshi — A Retrospective on Nakamoto’s Digital Legacy
In 2008, the pseudonymous Satoshi Nakamoto introduced Bitcoin as a purely peer-to-peer electronic cash system. Nakamoto first mentioned the technology online on October 31, 2008, at 2:10 p.m. EDT. That year, Nakamoto sent a total of 16 emails, most of which introduced the technology created. While the inventor sent private emails to Wei Dai, Gavin Andresen, Mike Hearn, Laszlo Hanec, Jon Matonis, Hal Finney, and Dustin Trammel, Nakamoto sent 34 public emails to the Cryptography Mailing List and P2P Research.
Nakamoto posted 534 times on bitcointalk.org and the P2P Foundation forums combined. Based on the emails and forum posts, Bitcoin’s creator was most active online between noon and 2 p.m. Eastern Time. About 39 emails or forum posts were published in 2009, with the following year seeing the most online activity from Nakamoto. Bitcoin’s pseudonymous developer was most active in July, August, and February 2010. Nakamoto published about 146 posts in July and 129 in August.
The third most active month for Nakamoto in 2010 was February, with 48 posts. Eight months that year had fewer than 50 correspondences per month from Nakamoto. January 2011 saw the fewest, with just 11 posts. Most forum posts focused on the release of a new Bitcoin client. However, the other two main subjects were “Re: JSON-RPC password” and “Re: overflow bug SERIOUS.” The first topic had 13 interactions from Nakamoto as the developer introduced password protection to Bitcoin’s JSON-RPC interface.
This enhancement was crucial for safeguarding user funds, preserving privacy and ensuring the stable operation of the Bitcoin node. The second major topic was the widely discussed overflow bug, which led to the creation of 184.467 billion BTC for two distinct bitcoin addresses. This transaction surpassed Bitcoin’s maximum supply of 21 million, posing a significant concern. Nakamoto addressed the community with 15 posts that day and resolved the issue within five hours.
Nakamoto penned and released a patch, resulting in a fork that nullified the illegitimate creation of billions of bitcoins. Other notable discussions Nakamoto participated in concerned the introductions of Bitcoin versions 0.3.1, 0.3.6, and 0.3.10. Bitcoin’s inventor also touched upon the network’s difficulty in five instances and the development of an alert system around seven times. 2009 was more about the release of Bitcoin version 0.2.2, questions, and a “few suggestions.”
Nakamoto’s online presence spanned just over two years. However, his digital footprint in 2008 was limited, given it was late in the year, and his activity in 2009 was modest compared to 2010. That year, Nakamoto significantly increased his online communications, concluding his public online interactions on Dec. 12, 2010. While he made his last public forum post in 2010, emails to Mike Hearn and Gavin Andresen reportedly took place in 2011 after Nakamoto had stepped back from the public eye.
The mysterious architect behind Bitcoin left an indelible mark in just over two years online. These writings, spanning a myriad of topics, showcased a visionary deeply engaged in the project’s evolution. While the world may never fully unravel the mystery of Nakamoto’s identity, the digital legacy of Bitcoin’s creator remains an intriguing testament to the power of innovation and the allure of anonymity.
What do you think about the online presence of Satoshi Nakamoto? Share your thoughts and opinions about this subject in the comments section below.
Chainlink Creator Expects Mass Crypto Adoption To Send Market Cap To $10 Trillion
In a recent interview, Chainlink’s co-founder, Sergey Nazarov, said the collapse of the banking industry will drive crypto mass adoption.
Chainlink’s Co-Founder Predicts Crypto And Blockchain Prospects Over The Next Decade
Sergey Nazarov believes that the collapse of the banking industry will favor crypto adoption and growth in the next decade.
Nazarov believes the crypto industry and its technological innovations might maintain the same slow growth pace. However, the industry player cited two possible crypto and blockchain adoption scenarios in the next ten years.
First, the Chainlink co-founder proposed a fast-case scenario where the collapse of the traditional finance system puts individuals in pain. This pain will force individuals to “acknowledge the relevance” of cryptographic financial systems.
Further, Nazarov noted that the continued collapse of banks like Silicon Valley Bank could fast-track crypto adoption.
Secondly, based on the first theory, the collapse of traditional finance systems will lead to political tension and international problems. Nazarov believes investors will favor crypto for financial operations if the pain of suffering losses becomes unbearable.
Therefore, Nazarov insists that even in the slow case, the crypto market is likely on its way to a trillion market cap.
Chainlink’s Adoption By ANZ Banking Group Supports Nazarov’s Growth Theory
According to a new industry report, ANZ Bank has adopted Chainlink’s CCIP for cross-chain tokenized asset settlement. CCIP solution helps to transfer data and tokenized assets across blockchains in a decentralized and secure way, according to the crypto founder.
Notably, ANZ Bank is one of the world’s largest banks, with over trillion in total assets managed. Sergey Nazarov noted that Chainlink’s adoption by ANZ shows how large companies are now adopting Chainlink’s CCIP.
Also, the co-founder stated that building on a global internet needs secure connectivity between private bank chains and public chains.
The CCIP is an upgrade on the Chainlink Network that functions as a global Internet of Contracts. This upgrade aims to create the world’s largest liquidity layer across various regions and markets.
Remarkably, Nazarov stated that CCIP can create a higher level of cross-chain security. It achieves this extra security with multiple layers of decentralization and advanced risk management techniques.
Moreover, most cryptocurrencies offer users fast and secure cross-border transactions cheaply. However, some critics still insist that cryptocurrencies are unreliable based on their volatility and crisis in the sector.
With innovations like the CCIP of Chainlink, more banks may integrate crypto and blockchain-based solutions. This drives crypto to mainstream adoption, increasing the market cap to trillion, as Nazarov predicts.
Meanwhile, the collapse of banks such as Silicon Valley Bank (SVB) in 2023 has strained the global finance economy. If another banking crisis occurs, cryptocurrencies might become the preferred option for most investors based on their rising utility.
Bitcoin Creator Satoshi Nakamoto Sparks Speculation As Cryptic Email, X Account Resurfaces
The true identity of Bitcoin’s creator, Satoshi Nakamoto, has continued to be debated, with many speculating who Nakamoto might be. The debate has become more fueled by an old email and a tweet that suggests that the ‘real’ Nakamoto is still far from being identified.
Bitcoin Creator Correspondence With Wei Dei
An email correspondence between Satoshi Nakamoto and B-money founder Wei Dei has resurfaced. In the email (dated August 22, 2008), Nakamoto mentioned his interest in Dei’s B-money and noted the similarities between B-money and Bitcoin as he planned to release a paper that would expand Dei’s ideas into a “complete working system.”
Indeed, one could rightly point out that B-money and Satoshi’s Bitcoin share similarities, as the former was proposed by Dei in 1998 to be an “anonymous, distributed electronic cash system.” Interestingly, to make this work, Dei had proposed a proof-of-work protocol to make his B-money idea a reality and Bitcoin happens to run on a proof-of-work consensus mechanism.
In the email, Nakamoto told Dei that Adam Back (who happens to have pioneered the proof-of-work system) was the one who drew his attention to the similarities between B-money and Bitcoin.
The email has again led many to speculate whether or not Dei and Back may be letting more than they know, considering that they were one of the first persons Nakamoto reached out to concerning Bitcoin.
However, Back has mentioned in the past that he doesn’t know Nakamoto personally as the Bitcoin creator only reached out to him in an email (just the same way he reached out to Dei).
Alleged Satoshi Nakamoto X Account Surfaces
Meanwhile, a tweet from Nakomoto’s alleged X account surfaced on October 2 (the same day Ager-Hanssen revealed the email between Ayre and Wright). In the tweet, the handler revealed that different aspects not explicitly contained within Bitcoin’s whitepaper would be explored in the following months.
This tweet likely refers to the fact that Bitcoin has long been considered as only a store of value and wasn’t meant for other uses like Decentralized Finance (DeFi) or to host NFTs (non-fungible tokens).
While such news will usually be bullish for the Bitcoin ecosystem, many were more concerned if these tweets were indeed from the real Satoshi Nakamoto. Community notes also highlighted that the account was controlled by Craig Wright, who has been “proven to be a fraud” and should not be trusted.
Specifically, an influencer in the XRP community, Edward Farina, noted that the account was verified, meaning the handler had likely gone through a KYC verification. Therefore, it is “clearly” not the real Satoshi but someone looking for “X payout,” he stated.