Approximately $9.5 million worth of Ethereum was stolen from wallets on the Ronin gaming network Thursday and routed through the Tornado Cash mixer, with the co-founder of Ronin and NFT game Axie Infinity tweeting that he was impacted by the attack. All told, about 3,250 ETH ($9.5 million) was pilfered from Ronin network wallets and sent through the network’s bridge…
Reddit Inc. has disclosed cryptocurrency investments in its initial public offering (IPO) filing with the U.S. Securities and Exchange Commission (SEC). The social media giant noted that as of the end of December last year, “we did not hold digital assets other than bitcoin and ether for treasury purposes, and our investment policy requires approval […] Source: https://news.bitcoin.com/reddit-embraces-crypto-ipo-filing-reveals-bitcoin-ether-investments/
Bitcoin proponent Max Keiser has warned of potential government seizure of bitcoin held in spot exchange-traded funds (ETFs). He additionally issued a stark warning about a looming 1987-style crash, while simultaneously predicting that the bitcoin’s price will surge past $500,000. Max Keiser’s Crash and Bitcoin Seizure Warnings Bitcoin advocate Max Keiser expressed concerns about spot […] Source: https://news.bitcoin.com/max-keiser-warns-of-government-seizing-bitcoin-in-etfs-predicts-1987-style-crash-as-btc-rises-to-500k/
A federal bankruptcy court has approved a plan by collapsed crypto exchange FTX and its creditors to sell the fallen firm’s $1 billion stake in Claude AI developer Anthropic. The motion, filed in Delaware bankruptcy court and approved Thursday, is only the latest move to replay creditors following FTX’s industry-shaking imposion in 2022. Sale of the Anthropic shares was granted…
Crypto exchange Kraken filed a motion in federal district court late Thursday, asking that the court dismiss the SEC’s case filed in November. “The law is clear,” a Kraken spokesperson told Decrypt. “None of the assets in the SEC’s complaint constitute ‘investment contracts,’ and Kraken is not a securities exchange.” The motion, filed in Northern California District Court, picks apart…
Block, the fintech firm led by former Twitter CEO Jack Dorsey, made $66 million in gross profit on its Bitcoin sales last quarter through Cash App—a 90% increase year over year. The company’s fourth-quarter 2023 earnings report was released on Thursday, prompting a stock price rally for NASDAQ:SQ, up 12.35% in after-hours trading to $76.10, from $67.96 when the markets…
On the morning of May 10, 2023, Kraken testified about the SEC’s overreach in crypto before both the House Financial Services Committee and the House Agriculture Committee. Kraken testified that current laws do not adequately cover the digital asset industry, and that Congress could do more to put in place a set of rules to better protect consumers and investors.…
The government of Argentina is reportedly preparing to regulate cryptocurrency service providers with an executive order. The measure would be directed to keep Argentina out of the Financial Action Task Force (FATF) gray list, putting crypto service lenders under the oversight of the local securities watchdog. Argentina Reportedly Set to Regulate Cryptocurrency Service Providers by […] Source: https://news.bitcoin.com/argentina-to-regulate-cryptocurrency-exchanges-with-executive-order/
Worldcoin, a cryptocurrency initiative led by OpenAI CEO Sam Altman, has soared to unprecedented heights—joined in flight by a dozen other AI-related tokens and stocks. Worldcoin’s WLD digital currency registered a remarkable 21% price increase in the past 24 hours, catapulting from $7.08 to an all-time high of $8.96 per token—before settling at a robust $8.20 at the time of…
Worldcoin, a cryptocurrency initiative led by OpenAI CEO Sam Altman, has soared to unprecedented heights—joined in flight by a dozen other AI-related tokens and stocks. Worldcoin’s WLD digital currency registered a remarkable 21% price increase in the past 24 hours, catapulting from $7.08 to an all-time high of $8.96 per token—before settling at a robust $8.20 at the time of…
