Robinhood completed on Thursday a buyback of $606 million in seized shares that were once in the hands of FTX founder Sam Bankman-Fried, according to an SEC filing, following a court’s approval earlier in the week. The shares were valued at $450 million when the U.S. Justice Department (DOJ) took custody of them in January. Just a month prior, Bankman-Fried…
Bitcoin’s (BTC) volatility has increased over the past few days. The price soared on Aug. 29 after Grayscale scored a victory over the United States Securities and Exchange Commission (SEC). However, the euphoria was short-lived as the price gave back all the recent gains on the news that the SEC delayed the decision on all seven spot Bitcoin exchange-traded fund…
As the crypto industry weathers what advocates say are oceans of regulatory uncertainty in the United States, a district judge’s ruling earlier this week dove into decentralized finance (DeFi), and may have calmed the waters for protocols like Uniswap. Tossing out a class action lawsuit on Wednesday, Southern District of New York Judge Katherine Polk Failla found that Uniswap’s investors…
Warren Buffett, the renowned investor and chairman of Berkshire Hathaway, celebrated his 93rd birthday on Aug. 30. Throughout his lengthy career, he has adhered steadfastly to a value investing strategy that bears some resemblance to the “buy and hold” approach often associated with cryptocurrencies. However, Buffett’s focus is on assets with strong earnings potential, and investing in companies and sectors…
Peering at a QR code through my phone’s camera like a spyglass, I zoomed in on a pearlescent purple orb to obtain my digital prize—keeping my fingers crossed that an NFT collectible landed in my digital wallet. It’s part of a scavenger hunt being held in New York City, designed to encourage engagement and exploration around a tourist-friendly part of…
This week brought big news in the world of AI art, with two of the most popular user interfaces (UIs) for Stable Diffusion announcing major upgrades. Automatic 1111 and InvokeAI, leading tools for running the open-source Stable Diffusion models SD 1.5, SD 2.1 and the brand new SDXL, released significant updates that promise more features and better performance. For the…
Investors are cashing out their USD Coin (USDC) like never before. Data from CoinGecko shows that the market cap of USDC has been steadily plunging and has hit a two-year low. Right now, its market cap stands at $26.1 billion, making it the sixth largest digital asset. For most of last year it was comfortably the fourth-largest asset, behind Bitcoin,…
Bitcoin erases all trace of “Grayscale hype,” with September offering a trip below $26,000 and limited chance of upside, BTC price analysis warns. Source: https://cointelegraph.com/public/index.php/news/bitcoin-rsi-showdown-btc-price-new-2-week-low
Following the United States Securities and Exchange Commission (SEC) delaying decisions on several spot Bitcoin exchange-traded funds, former commission chair Jay Clayton said he believed approval was still going to happen at some point. In an Sept. 1 interview with CNBC, Clayton said major financial institutions backing spot Bitcoin (BTC) investment vehicles represented a shift in how retail investors could…
The purchase of the 55 million Robinhood shares had been expected following approval from the company’s board and a U.S. district court. Source: https://cointelegraph.com/public/index.php/news/robinhood-bought-sam-bankman-fried-stake-us-marshals
