Blog Posts
Internet services giant Amazon has stated that it is fulfilling its $4 billion investment commitment to artificial intelligence (AI) start-up Anthropic. In a March 27 post, Amazon announced that it now holds a minority stake in the company after investing an additional $2.75 billion. Last Septe...
Published at: 2024-03-28
U.S. Treasury funds worth more than $1 billion now exist in Ethereum, Polygon, Solana and other blockchains, helped in part by the recent launch of the BlackRock USD Institutional Digital Liquidity Fund.BlackRock's product, designated "BUIDL," was launched on Ethereum on March 20 and currently boast...
Published at: 2024-03-28
Ethereum co-founder Vitalik Buterin has proposed a technique to encourage better decentralization of Ethereum by penalizing correlated errors among validators. Buterin published his thoughts on supporting decentralized staking "through more anti-correlation incentives" on the Ethereum research...
Published at: 2024-03-28
Fresh capital is flowing back into US spot bitcoin ETFs after a five-day period of consecutive net outflows.According to data from Farside Investors, ten recently approved spot Bitcoin ETFs, buoyed by strong inflows into Blackrock and Fidelity funds, saw total net inflows of $418 million on March 26...
Published at: 2024-03-27
Bitcoin-based Texas miner Giga Energy has expanded into Argentina as part of an initiative to harness energy wasted by "burning natural gas" in the country's South American oil fields.Giga co-founder Brent Whitehead, in a March 26 post on LinkedIn, described the expansion as a "significant milestone...
Published at: 2024-03-27
U.S. Department of Justice officials have opened an indictment against cryptocurrency exchange KuCoin and two of its founders for "conspiracy to operate an unlicensed money transmission business" and violations of the Bank Secrecy Act (BSA).In a March 26 statement, the U.S. Department of Justice sai...
Published at: 2024-03-27
The communications network of the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has published the results of the second phase of sandbox testing for its central bank digital currency pooling (CBDC) solution, which it calls the Connector. According to the published report...
Published at: 2024-03-26
A U.S. district court has sanctioned the Securities and Exchange Commission (SEC) for acting in "bad faith" in a lawsuit against Debt Box. The SEC initially filed a motion to dismiss the company without prejudice, but it was rejected by Judge Robert Shelby, who sharply criticized the regulator...
Published at: 2024-03-26
The Central Bank of the United Arab Emirates (CBUAE) is preparing to implement the first phase of the central bank's digital currency (CBDC) strategy. It is considering CBDC for both retail and wholesale use.CBUAE inaugurated the new strategy on March 23 with a signing event with R3 and G42 Cloud, p...
Published at: 2024-03-26
South Korean crypto-fugitive Do Kwon has been released from prison in Montenegro while the Supreme Court considers extradition requests from the United States and South Korea. He was released on Saturday, March 23, according to a Bloomberg report. The Supreme Court halted the extradition of the...
Published at: 2024-03-25
The amount of Bitcoin in BlackRock's spot Bitcoin ETF could surpass crypto asset manager Grayscale's GBTC in the next three weeks, assuming there are no drastic changes in current flows.As of March 22, BlackRock's Bitcoin ETF fund held 238,500 Bitcoin (BTC) on its books - worth $15.5 billion at curr...
Published at: 2024-03-25
Iceland reportedly wants to plant more corn and drive out Bitcoin miners, while the northern European nation refocuses on food security and energy stability.Cheap hydropower has driven Bitcoin miners to Iceland, making it both the world's largest energy producer and producer of Bitcoin's per capita...
Published at: 2024-03-25
It was another big day of outflows from Grayscale's Bitcoin ETF, but ETF analyst Eric Balchunas believes they will soon slow down.GBTC has seen outflows of as much as $358 million, but one theory suggests it's almostGrayscale's bitcoin crypto asset managerBTC exchange traded fund (ETF) recorded anot...
Published at: 2024-03-22
The Estonian government has approved a bill regulating cryptocurrency service providers, according to state media reports. It still has to pass a vote in parliament.Under the legislation, providers would be subject to supervision by the Financial Supervisory Commission (FSC). Currently, cryptocurren...
Published at: 2024-03-22
An account linked to the September 2023 phishing attack moved $10 million in ETH to the Tornado Cash cryptocurrency blending protocol. On March 21, blockchain security firm CertiK flagged an account linked to a $24 million hack during which $3,700 ETH was transferred to Tornado Cash. The funds were...
Published at: 2024-03-22
A group of 85 economists have backed the Honduran government's decision to leave the World Bank's arbitration panel, adding a new twist to the ongoing battle between Honduras and disgruntled crypto-island company Próspera Inc.Próspera, with a special economic zone on the Honduran islan...
Published at: 2024-03-21
On Wednesday, Elon Musk's Neuralink livestreamed new footage of how the brain implant works - showing a man with quadriplegia playing computer games with only his mind.In a live broadcast for X on March 20, Musk's Neuralink footage shows how 29-year-old Noland Arbaugh - a patient with quadriplegia w...
Published at: 2024-03-21
United States notes Bitcoin ETFs recorded their third consecutive day of total net outflows, with $261.5 million exiting ten approved funds on March 20.This brings the three-day net outflows to $742 million, as March 18 and 19 recorded net outflows of $154.3 million and $326.2 million, respectively,...
Published at: 2024-03-21
Bitcoin threatened a new breakout to $61,000 on March 20, as analysis warned that support could "break."Market data tracked another night of declines in BTC prices, which have so far reached a low of $60,760 on Bitstamp.Now, BTC/USD is down 17.5% from its all-time highs, with several key contrarian...
Published at: 2024-03-20
U.S. noted Bitcoin ETFs saw their largest-ever day of collective outflows, with a total of $326 million flowing out of 10 funds on March 19.As of March 19, Grayscale reported that its Bitcoin Trust (GBTC) has more than $23.7 billion in assets under management. If outflows continue at current levels,...
Published at: 2024-03-20
Analysts are predicting a significant increase in Bitcoin's post-halving price, despite the value of the world's largest crypto asset falling nearly 15% from its most recent record high of $73,738 over the past six days.In a March 19 post to X, Capriole Fund founder Charles Edwards said it was "norm...
Published at: 2024-03-20
The U.S. Securities and Exchange Commission is asking Congress for an additional $158 million from the federal budget next year to address "significant growth and change in our markets," including the "Wild West of cryptocurrency markets."The March 11 Congressional Budget Justification - a document...
Published at: 2024-03-19
Bitcoin worth more than $640 million flowed out of the spot Bitcoin ETF of crypto asset manager Grayscale on March 18, marking the fund's biggest day of outflows since its conversion to a spot ETF on January 11. In total, Grayscale recorded $642.5 million in outflows on March 18. At the same ti...
Published at: 2024-03-19
Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, is looking at Bitcoin as a potential diversification tool.On March 19, GPIF officially announced the development of a new long-term investment policy in response to "significant changes in the economy and society an...
Published at: 2024-03-19
A New York jury has convicted two former promoters of alleged cryptocurrency mining and trading company IcomTech of conspiracy to commit electronic fraud - both now face a maximum sentence of 20 years for their roles in a Ponzi scheme.On March 14, a New York District Court jury found David Brenda an...
Published at: 2024-03-18