Bitcoin (BTC) treaded water below $28,000 on May 9 as markets prepared for macroeconomic data releases. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin stays muted on eve of CPI Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting near $27,700 at the day’s Wall Street open. The pair had seen deeper losses the day prior, with a tap…
According to a May 8 post by Miller Thomson, the law firm representing users of the defunct cryptocurrency exchange QuadrigaCX, interim distribution of funds tied to bankruptcy proceedings will be scheduled “in the coming weeks.” Bankruptcy trustee Ernest & Young announced the interim distribution in consultation with estate inspectors. In the near future, the trustee will post a Notice to…
A federal judge has sentenced Ishan Wahi, the former product manager at Coinbase Global accused of insider trading, to 24 months in prison. In a May 9 hearing in United States District Court for the Southern District of New York, Judge Loretta Preska sentenced Wahi to 24 months in prison for his role in using confidential information he obtained during…
XAI involves designing AI systems that can explain their decision-making process through various techniques. XAI should enable external observers to understand better how the output of an AI system comes about and how reliable it is. This is important because AI may bring about direct and indirect adverse effects that can impact individuals and societies. Just as explaining what comprehends…
Financial technology company PayPal recently disclosed its cryptocurrency holdings in a quarterly report filing to the Securities and Exchange Commision (SEC). Claiming a combined total of $943 million in cryptocurrency assets as of March 31, 2023, the filing shows a 56% increase over the company’s previous quarter where PayPal disclosed $604 million. PayPal’s reported total financial liabilities for this quarter were…
While the interest in crypto investments was rising last year among home offices, 2023 saw a massive decline in investors’ certainty about the digital assets ma… Source: https://cointelegraph.com/public/index.php/news/32-of-home-offices-invest-in-digital-assets-goldman-sachs
This week, the Bitcoin community has been abuzz with discussions about the network’s scaling challenges. As the blockchain’s transfer fees continue to surge, the backlog of transactions stuck in the mempool has hit an unprecedented high. Crypto enthusiasts have been sharing their diverse perspectives on the matter, leading to a flurry of takes across various social media platforms. Bitcoin’s Scaling…
Venture capitalists may be wary of the crypto and blockchain industry at the moment, and it’s not without reason. However, the highly publicized bad actions of a few shouldn’t keep VCs from spotting the real potential that well-run businesses in the sector can offer. As with investments in any industry, conducting thorough research and asking smart questions can help VCs…
Gilbert Verdian, CEO and Founder of Quant—a company involved in the development of central bank digital currencies (CBDCs), mostly in the UK and the U.S.—insisted that users shouldn’t be worried about privacy when it comes to CBDC technology. “We can categorically state that the central bank does not care how much people spend on sandwiches, it’s not their mission,” Verdian…
The price of Bitcoin (BTC) has fallen three days in a row as traders assess many downside factors, including higher transaction fees and bearish signals for risk-on markets from legendary investor Warren Buffett. BTC price dropped below $27,500 on May 9, down 8% from its local high of $29,850 established three days ago. Moreover, the dip accompanied a rise in…
