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Arnold Potts

Founder and Lead Editor of Coinfiend. Arnold loves all things blockchain.

Phishing Scams on Ethereum Layer 2 Base Surge 1900% Since January

April 3, 2024 by Arnold Potts

Phishing scams targeting Ethereum’s layer 2 Base have surged dramatically in recent months, with an 18-fold increase in cryptocurrency funds stolen from January to March, according to data from blockchain anti-scam platform Scam Sniffer. In March alone, approximately $3.35 million was stolen …

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The Evolution of Meme Coins: Vitalik Buterin Emphasizes Fun Utility for Community Support

April 3, 2024 by Arnold Potts

Vitalik Buterin, the co-founder of Ethereum, has recently shared his thoughts on the booming meme coin industry, emphasizing the need for these coins to evolve beyond mere speculation and provide fun utility to support the community. The meme coins market has surged …

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Bitmain Unveils Antminer S21 Pro: A Game-Changer in Bitcoin Mining Efficiency

April 3, 2024 by Arnold Potts

Bitmain, one of the leading Bitcoin mining rig manufacturers, made a significant announcement at the Global Digital Mining Summit (WDMS) 2024 by unveiling the Antminer S21 Pro. This new device is an upgrade from its predecessor, the S21, and boasts improved efficiency …

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Ondo Finance Transfers $95M to BlackRock’s Tokenized Fund for Instant Settlements

April 2, 2024 by Arnold Potts

Ondo Finance, a tokenized real-world asset (RWA) platform, has announced a significant shift in its backing assets for its OUSG token. The company is moving $95 million of assets to BlackRock’s newly launched tokenized fund, BUIDL, in order to enable instant settlements …

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Institutional Investors Flock to Bitcoin ETFs with $418 Million Inflow After Recent Outflows

April 2, 2024 by Arnold Potts

Bitcoin U.S. spot ETFs experienced a significant turnaround this week, with a massive $418 million net inflow on Tuesday, following five consecutive days of outflows last week. This surge in inflows signals renewed confidence among institutional investors in the cryptocurrency market. The …

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The Future of Finance: Embracing Blockchain and Digital Currency

April 2, 2024 by Arnold Potts

USDC and Tether which are already widely used in the digital economy u d Goodwin argues that stablecoins are a way for the US to maintain control over the global financial system and continue to dominate the world economy u cThe Rise …

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El Salvador’s Bold Move: Accumulating $400 Million Worth of Bitcoin

April 1, 2024 by Arnold Potts

El Salvador, the first country to make Bitcoin legal tender and adopt a Bitcoin investment strategy for its national treasury, has now amassed over $400 million worth of the cryptocurrency. This significant milestone comes after President Nayib Bukele spearheaded the effort to …

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Tether Acquires $618 Million Worth of Bitcoin, Becomes Seventh-Largest Holder

April 1, 2024 by Arnold Potts

Tether, the company behind the popular stablecoin Tether (USDT), made a significant move in the cryptocurrency market by acquiring 8,888 Bitcoin (BTC) worth $618 million on March 31. This acquisition has boosted Tether’s Bitcoin holdings to a total of 75,354 Bitcoin, which …

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Prisma Finance Demands Apology as Hacker Holds Funds Hostage: DeFi Firm in Standoff

April 1, 2024 by Arnold Potts

Decentralized finance (DeFi) firm Prisma Finance is currently facing a challenging situation after a recent exploit that resulted in the loss of millions of dollars. The firm has stated that there are still funds from accounts that have not yet revoked the …

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Grayscale Investments Launches Dynamic Income Fund for Sophisticated Crypto Investors

March 31, 2024 by Arnold Potts

Grayscale Investments, a prominent digital asset management firm, has unveiled a new investment fund designed for sophisticated clients looking to tap into the income potential of staking cryptocurrency tokens. The Grayscale Dynamic Income Fund is exclusively available to clients with assets under …

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