Category Archive: Cryptocurrency, No picture
US government may fall victim to $20 million crypto hack
Key Takeaways Over $20 million in Ethereum and stablecoins were stolen from a US government-controlled wallet. The theft is connected to the wallet involved in the 2016 Bitfinex hack. Share this article The US government may have suffered a $20 million exploit that targeted its crypto wallet on October 24, according to reports from Arkham […]
SEC requests extension in Ripple case to January 2025
Key Takeaways The SEC has requested to extend the Ripple case deadline to January 2025. Ripple’s CEO criticizes SEC’s perceived overreach in ongoing legal matters. Share this article The SEC has filed a request for an extension in its ongoing appeal case against Ripple Labs, seeking to move the deadline for its principal brief to […]
Coinbase expects AI agents and humans to transact using crypto
Key Takeaways Coinbase predicts crypto will power transactions between AI agents and humans. AI agents will streamline transactions and agreements by autonomously creating and executing smart contracts. Share this article Coinbase has unveiled a new report discussing the growing intersection of crypto and AI, predicting that both AI agents and humans will increasingly use crypto […]
US Government moves $20M in crypto after 8 months of inactivity
Key Takeaways The US government moved $20 million in crypto after eight months of inactivity. The transactions included withdrawals from Aave in both USDC and USDT. Share this article The US government has moved over $20 million in funds, according to reports from Arkham Intelligence. ~$20M IN US GOVERNMENT ASSETS MOVED TO NEW ADDRESS pic.twitter.com/MXgi9mderO […]
Ripple to file Form C as SEC prepares for appeals battle over XRP sales
Key Takeaways Ripple’s Form C will provide clarity on its arguments against the SEC’s position and outline the specific rulings it is contesting. Ripple’s executives express strong confidence in winning the appeal in the Second Circuit. Share this article Ripple will file a Form C civil appeal to provide clarity on its arguments against the […]
Pennsylvania House passes Bitcoin Rights Bill ahead of 2024 election
Key Takeaways The Bitcoin Rights Bill received overwhelming bipartisan support in the Pennsylvania House. Bitcoin Rights bill heads to Pennsylvania Senate as 1.5 million crypto owners could impact presidential race. Share this article The Pennsylvania House of Representatives passed a bill providing regulatory clarity for digital assets, protecting residents’ rights to self-custody, enabling Bitcoin payments, […]
Kraken to debut Ink blockchain for DeFi trading and lending next year
Key Takeaways Ink blockchain by Kraken aims to simplify DeFi with a user-friendly interface. Kraken’s Ink will not issue its own token, focusing instead on service expansion. Share this article Kraken announced today it will launch its own blockchain for DeFi trading and lending in early 2025. Dubbed “Ink,” the chain will adopt similar technology […]
BlackRock goes on Bitcoin buying spree when others flee
Key Takeaways BlackRock’s iShares Bitcoin Trust garnered over $317 million in inflows, contrasting with losses in other ETFs. Bitcoin’s price remains volatile, peaking at $69,500 last week and now around $67,000. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) keeps attracting investor interest, ending Wednesday with over $317 million in net inflows while most competing […]
Michael Saylor says he supports Bitcoin self-custody for all amid community outrage
Key Takeaways Michael Saylor reverses his stance on Bitcoin self-custody, now supporting it as a fundamental right. Criticism from industry leaders influenced Saylor’s revised position. Share this article Michael Saylor said he advocates for Bitcoin self-custody as a fundamental right after his bank custody proposal sparked outrage among crypto community members.In an attempt to clarify […]
Tesla keeps Bitcoin holdings intact as Q3 earnings reveal strong profit margins
Key Takeaways Tesla retains 11,509 BTC valued at approximately $765 million during its Q3 2024 earnings call. Tesla’s Q3 earnings showed a 19.8% gross margin, exceeding expectations and improving over previous quarters. Share this article Tesla has released its third-quarter earnings report, showcasing solid financial performance while maintaining its substantial Bitcoin holdings.Analysts and investors had […]
