Blockchains Against Corruption
From currency risk to judicial risk, companies face all sorts of unforeseen macro threats, particularly in an election year. Decentralized tech can ease the burden, writes Pau...
Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract
The extension of the previous deal with CoreWeave brings total revenue potential for the miner to more than $6.7 billion.
Crypto Industry Tries to Tally Final Wins As U.S. Congressional Primaries Wind Down
Its favored Arizona candidate, Yassamin Ansari, is heading into a recount with only a 42-vote lead, but the sector's campaign operatives now turn to Missouri and Washington st...
Bitcoin Whales Increased Holdings During Crypto Market Mayhem, but ETF Investors Didn't Buy the Dip
Though posting net outflows on Monday, the spot ETF action did show some positive surprises, Bloomberg ETF analyst Eric Balchunas noted.
Bitcoin Crash Casts Shadow Over US Strategic Reserve Plan
Several U.S. politicians, including Donald Trump and Robert F. Kennedy Jr., have floated the idea of creating a strategic Bitcoin reserve ahead of the U.S. elections. However, a BTC crash earlier this week has shaken that thesis. Bitcoin's price plunged below $50,000 on Monday, triggering over $1 billion in liquidations amid fears of an impending U.S. recession. That volatility, according to some experts, underscores why Bitcoin would fall short as a strategic reserve asset. “Bitcoin is a high-...
Who's Organizing the Crypto4Harris Virtual Town Hall?
Vice President Kamala Harris’ stance on crypto is relatively unknown, but organizers behind a new group called Crypto4Harris are pressing forward with an initiative to rally digital asset-holding supporters around the Democratic Party’s 2024 presidential nominee. The grassroots network of crypto advocates is set to host a town hall event through Zoom next week. Attendees will have the opportunity to converse with industry leaders, policy experts, and crypto enthusiasts backing Harris’ White Hous...
Ripple to Pay $125 Million Fine for Unregistered XRP Sales
A New York court on Wednesday ordered fintech company Ripple to pay a $125 million fine in its lawsuit with the Securities and Exchange Commission (SEC). But the civil penalty is significantly less than the $2 billion sought by the SEC in the long-running feud between the crypto giant and the Wall Street watchdog. U.S. District Judge Analisa Torres ordered the fine, ruling that 1,278 transactions broke securities laws, according to court documents filed today. The SEC asked for $2B, and the Co...
Bitcoin at Bottom or More Pain to Come? Experts Weigh In
Bitcoin’s 16% plunge to below $50,000 earlier this week has left investors and traders scrambling to make sense of the sudden shift in market dynamics. Many analysts tell Decrypt that the top cryptocurrency's volatility presents opportunity, and most remain bullish in the long term. The recent crypto carnage comes amid heightened global economic uncertainty, with factors such as inflation concerns, geopolitical tensions, and shifting monetary policies contributing to market volatility across var...
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