Grok developer xAI has raised $5 billion in new funding, bringing its valuation to $50 billion, according to a report by the Wall Street Journal. The latest funding round, which was first announced on Friday, adds to the billions raised in May. Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz were reportedly part of the raise, while Qatar’s sovereign wealth…
A Shanghai court ordered a partial refund after ruling a token fundraising contract illegal, citing violations of Chinese financial regulations. Token Fundraising Faces a Major Setback in a Shanghai Court Judgment The Shanghai High Court published details on Wechat Monday about a crypto-related case highlighting the legal complexities of virtual currency activities in China. The […] Source: https://news.bitcoin.com/chinese-court-orders-refund-in-controversial-crypto-contract-dispute/
Dogecoin is slowing down—at least for now—following a week of enormous gains. While other long-standing canine coins are down, there’s a new dog-themed token that’s picking up where DOGE left off, catapulting up the charts this week. The seventh biggest cryptocurrency by market cap is now trading for $0.38 per coin, CoinGecko data shows. That’s a 0.5% drop over 24…
The vulnerabilities caught the attention of the former CEO of Binance, Changpeng “CZ” Zhao who advised users to update their operating system immediately. Source: https://cointelegraph.com/news/apple-rushes-out-patch-fixing-zero-day-attacks-macos-systems?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin (BTC) reached an all-time high of $95,023 on Bitstamp today, gaining 4% against the U.S. dollar in the past 24 hours and 5.2% over the past week. With a market capitalization of $1.87 trillion, bitcoin now ranks as the seventh most valuable global asset, trailing Amazon. Bitcoin Hits $95,000, Bolstering $1.87 Trillion Market Cap […] Source: https://news.bitcoin.com/bitcoin-surpasses-95000-a-milestone-in-cryptocurrency-markets/
Bitwise would be competing with fellow asset managers VanEck and Canary Capital for an SEC-approved spot Solana ETF. Source: https://cointelegraph.com/news/bitwise-registers-solana-etf-delaware?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Donald Trump’s administration is reportedly considering a “crypto czar” role to oversee crypto policy, signaling sweeping changes in U.S. cryptocurrency regulation and innovation strategy. Crypto Czar Role Looms as Trump White House Eyes Bold Policy Overhaul President-elect Donald Trump’s incoming administration is reportedly considering a new White House role focused solely on cryptocurrency policy, according […] Source: https://news.bitcoin.com/trumps-white-house-considers-a-landmark-role-for-crypto-policy/
Bitcoin soared to a new all-time high price again on Wednesday, less than a day after it last set a new high watermark. The asset jumped to $95,000 for the first time early Wednesday, with nearly $78 billion in Bitcoin changing hands over the last 24 hours, according to CoinGecko data. The bullish price action follows after spot Bitcoin ETF…
“Post-financial crisis regulation is over,” a top U.S. lawmaker has declared, calling for urgent reforms to digital asset oversight, regulatory transparency, and leadership accountability at federal agencies. Lawmaker’s Warning Signals Major Shake-up for Financial Oversight Agencies House Financial Services Committee Chairman Patrick McHenry criticized federal regulators during a Wednesday hearing, calling for updated financial oversight […] Source: https://news.bitcoin.com/lawmaker-demands-overhaul-amid-regulatory-failures-the-era-of-post-financial-crisis-regulation-is-over/
Avik Roy, the president of a nonprofit think tank, said Senator Cynthia Lummis’ idea that Bitcoin could eliminate federal debt is an “overselling” of what Bitcoin can do. Source: https://cointelegraph.com/news/bitcoin-cannot-solve-americas-debt-problem-on-its-own?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
