Bitcoin treasury company Data Vault has been trying for four months to pull its Bitcoin off an exchange called Biconomy, and the stock has cratered 88 percent year to date while the crew digs into a company with a shifting headquarters story and a CEO whose public appearances point to Dubai. From there it's a full tour of the week's chaos: a Fed hold with two dissenting hawks, a Coinbase vendor leak hitting 70,000 users, Google wading into crypto custody, and what might be the strangest Bitcoin Core bug disclosure ever filmed.
In this episode:
• Data Vault's four-month failed Bitcoin withdrawal from Biconomy and the stock's 88 percent year-to-date collapse
• Sleuthing Biconomy's murky origins, from "leading Canadian exchange" in 2021 to a British Virgin Islands registration based in Dubai
• The Fed holds rates 10-2 with Cook and Hammack dissenting in favor of a hike, plus a contrasting rate hike decision from the Bank of Canada
• MSTR shareholders approve daily dividend accrual at 99.3 percent, and a debate over STRC versus STRK pricing and dilution risk
• A Coinbase data breach via analytics vendor Amplitude affecting roughly 70,000 users, following prior 2021, 2023 and bribery-related incidents
• Google's new crypto custody framework for banks and speculation on its real motive, from data gathering to post-quantum positioning
• A bizarre Bitcoin Core inflation bug disclosure delivered as a Seinfeld-style AI-generated bit, plus two medium-severity memory exhaustion vulnerabilities patched
• Bitcoin hash rate climbing back near all-time highs despite miners publicly pivoting to AI data centers
Watch the video version:
https://youtu.be/sQ_0Uf1ifEw
