NFT startup founder charged with misusing funds from $10 million fundraising
Federal prosecutors say Taj Tarsha misled backers and used investor funds for personal expenses.
CoinDesk · Aug 6, 20264,239 source-linked stories
Federal prosecutors say Taj Tarsha misled backers and used investor funds for personal expenses.
CoinDesk · Aug 6, 2026
Japanese yen stablecoin issuer JPYC has completed its Series B funding round, bringing the total raised to $38 million. The company announced the capital milestone as part of its ongoing growth strategy.
Cointelegraph · Aug 6, 2026
Nasdaq-listed company PowerCompute has successfully refinanced $18 million of its debt. The refinancing was achieved through a dedicated Bitcoin-backed facility.
Bitcoin is approaching the $65,000 mark as macroeconomic conditions maintain risk sentiment. Comments from former President Trump regarding jobs, inflation, and a potential deal involving the Strait of Hormuz have contributed to the current market outlook.
A volunteer group analyzing Bitcoin codebases with AI models has reported discovering approximately 85 critical bugs. The group described the current security status as an extremely bad situation. According to the team, their testing operation averages roughly one critical bug per hour per person. The process relies on heavy AI model usage, costing about $10,000 per day in compute resources.
United States-listed Bitcoin spot exchange-traded funds (ETFs) generated $244.4 million in net inflows on Wednesday. This single-day capital addition extended the positive momentum for the investment products.
The S&P 500 just added roughly the entire crypto market's value this month. Bitcoin has barely moved, and the reasons go beyond the obvious.
Criminals are reportedly using fake websites and falsified documents to target customers searching for licensed crypto providers.
Cointelegraph · Aug 6, 2026
Federal Reserve Governor Lisa Cook said she is “prepared to act” if inflation remains too high above the Fed’s target rate.
Cointelegraph · Aug 6, 2026
Eliza Labs founder Shaw Walters said the project transferred its remaining treasury to settle a tokenholder lawsuit and will continue building Eliza without an associated cryptocurrency.
Cointelegraph · Aug 6, 2026
Korea's Kospi fell 4.4% as the AI trade wobbled, and $101 billion of SpaceX stock becomes tradable Thursday.
CryptoQuant said large XRP spot orders point to "quiet accumulation" rather than a breakout, while ether’s price below realized value leaves holders underwater and gives it the strongest valuation case among BTC, ETH and XRP.
The memecoin that defined the chain's debut has recovered to an $86 million cap. Tokenized assets, the chain's stated purpose, sit at $27.6 million.
CoinDesk · Aug 6, 2026
The incident reportedly stemmed from a misconfigured testing environment, adding Meta to a growing list of AI firms whose models have escaped evaluation sandboxes.
Cointelegraph · Aug 6, 2026
The Senate has not yet indicated if it will advance the Digital Asset Market Clarity Act, and with its summer recess looming, here are the possible outcomes.
CoinDesk · Aug 6, 2026
Block has raised its 2026 financial outlook following a strong quarterly performance driven by Cash App and Square. The company reported better-than-expected results for the period. Alongside the financial performance, Block stated that it has expanded its use of artificial intelligence. The company noted that AI now touches nearly all of its software engineering code.
Mysten Labs co-founder and Chief Technology Officer Sam Blackshear is joining AI company Anthropic. His focus at the new role will be centered on artificial intelligence security. Blackshear noted that his transition comes as AI technology actively shifts the balance between digital attackers and defenders. Further specific details regarding his transition timeline or exact responsibilities were not disclosed in the initial report.
Cointelegraph · Aug 6, 2026
The Bitcoin Red Team has conducted a sweeping security audit, resulting in 5,000 reported findings across the ecosystem. In response to the audit, Bitcoin developer Calle acknowledged widespread disruption, stating that the ecosystem is experiencing significant chaos and that many individuals are currently dealing with a high volume of security issues.