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Arnold Potts

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

Canadian Province Seeks Explanation from QuadrigaCX Co-Founder on Wealth: Unexplained Wealth Order Issued

March 31, 2024 by Arnold Potts

The co-founder of QuadrigaCX, Michael Patryn, is facing scrutiny from the Canadian Province of British Columbia as he becomes the target of an unexplained wealth order. This tool, which is relatively new, compels individuals to explain how they acquired their assets. Patryn …

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How to Address the Rise of Racist Meme Coins in the Crypto World

March 31, 2024 by Arnold Potts

In recent months, the cryptocurrency world has seen a rise in the popularity of meme coins, many of which have been criticized for containing racist terms. This issue was discussed at the BUIDL Asia summit in Seoul, where panelists debated on how …

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Human Rights Foundation Announces Grants for Bitcoin Development Projects Across Latin America, Asia, and Africa

March 30, 2024 by Arnold Potts

The Human Rights Foundation (HRF) has recently announced its latest round of Bitcoin Development Fund grants, with a focus on projects around the world that promote global education, Lightning Network development, decentralized communications, and financial freedom tools for nonprofits and human rights …

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Surge in Demand for US Bitcoin ETFs Outpaces New Supply by 614%

March 30, 2024 by Arnold Potts

The demand for US spot Bitcoin ETFs has seen a significant surge, surpassing the new supply created daily by miners by an impressive 614%. This data was reported by Gayatri Choudry, a Quantitative Research Analyst at Bitwise Asset Management. The surge in …

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Human Rights Foundation Announces Latest Round of Bitcoin Development Fund Grants

March 30, 2024 by Arnold Potts

The Human Rights Foundation (HRF) has recently announced its latest round of Bitcoin Development Fund grants, with a focus on projects around the world that promote global education, Lightning Network development, decentralized communications, and financial freedom tools for nonprofits and human rights …

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UK Regulator Confirms Financial Promotion Rules Apply to Influencers and Crypto Memes

March 29, 2024 by Arnold Potts

The Financial Conduct Authority (FCA) in the UK has officially confirmed that social media influencers and crypto memes fall under the country’s rules for financial promotions. This announcement comes after the regulator brought the crypto sector into the scope of its financial …

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Sam Bankman-Fried Faces Sentencing: Potential Decades in Prison Looming

March 29, 2024 by Arnold Potts

Sam Bankman-Fried, the founder of FTX, is awaiting his sentencing this week after being convicted on two fraud charges and five conspiracy charges last year. The sentencing, to be handed down by Judge Lewis Kaplan, could potentially see Bankman-Fried facing decades in …

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Senator Cynthia Lummis to Discuss US Competitiveness in Bitcoin Mining at Bitcoin Policy Summit

March 29, 2024 by Arnold Potts

United States Senator Cynthia Lummis (R-WY) is set to make an appearance in Washington D.C. alongside Fred Thiel, CEO of Marathon Digital Holdings, to discuss the importance of maintaining the competitiveness of bitcoin mining in the United States. This news comes following …

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MicroStrategy Continues to Expand Bitcoin Holdings with $623 Million Purchase

March 28, 2024 by Arnold Potts

MicroStrategy, a business intelligence firm led by CEO Michael Saylor, has once again made headlines in the cryptocurrency world by announcing the purchase of approximately 9,245 bitcoins for around $623 million in cash. This latest acquisition comes as part of the company’s …

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Pitch Day at The Bitcoin Conference Returns: Discovering the Next Class of Bitcoin Startups at Bitcoin 2024

March 28, 2024 by Arnold Potts

Pitch Day at The Bitcoin Conference is making a triumphant return, as Bitcoin Magazine and The Bitcoin Conference are on the lookout for the next generation of Bitcoin startups to compete in the ultimate Bitcoin pitch competition. Set to take place in …

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