Bitcoin
Crypto firm Consensys sued by SEC as regulator carries on industrywide crackdown
Joseph Lubin, co-founder of Ethereum and CEO of blockchain organization ConsenSys. Riccardo Savi | Getty Images for Concordia Summit Crypto agency Consensys has been included to the SEC’s list of targets, as the regulator continues its industrywide crackdown. The Securities and Trade Commission on Friday sued Consensys in federal courtroom in Brooklyn, New York, above […]
Read More
Crypto catches M&A frenzy as bitcoin miners chase AI boom
Whinstone CEO Chad Harris requires CNBC on a tour of the major bitcoin mine in North America. Crypto companies are abruptly at the middle of offer-creating. The catalyst is synthetic intelligence. Bitcoin mining companies have expansive info centers, with access to fiber lines and large quantities of energy throughout the U.S. They are accurately the […]
Read More
Bitcoin bounces earlier mentioned $61,000, Solana qualified prospects cryptocurrencies higher
Cryptocurrencies rose broadly, a day following bitcoin slumped to less than $60,000 for the very first time considering the fact that early Could, main to a broad promote-off in crypto property. Bitcoin highly developed far more than 3% on Tuesday to $61,741.78, in accordance to Coin Metrics. The move coincided with a rebound in Nvidia […]
Read More
Bitcoin tumbles back to $60,000 to begin the week
A photo illustration depicting the cryptocurrency bitcoin. Jakub Porzycki | NurPhoto by using Getty Images Bitcoin ongoing its descent to $60,000 on Monday. The price of the flagship cryptocurrency was past down by far more than 4% at $61,211.00, according to Coin Metrics. Before, it fell to $60,666.30, its most affordable amount in much more […]
Read More
From $40 billion fraud to $4.5 billion settlement: Inside the latest crypto firm paying big bucks to end legal trouble
South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to Kwon. Woohae Cho | Bloomberg | Getty Images Months before Sam Bankman-Fried and the FTX fraud […]
Read More
Bitcoin miners at Donald Trump’s closed-door event say he thinks bitcoin can help win AI arms race
Former U.S. President Donald Trump speaks at a dinner at Mar-a-Lago on June 5, 2024 in West Palm Beach, Florida. Now that his criminal trial in New York has wrapped up, the former president has scheduled a number of fundraising events around the country to aid his presidential bid. (Photo by Eva Marie Uzcategui/Getty Images) […]
Read More
Cryptocurrencies drop as investors await Fed selection, bitcoin dips underneath $67,000
Cryptocurrencies slumped on Tuesday as bitcoin extended its new slide and investors awaited the Federal Reserve’s next price selection. The price tag of bitcoin dropped additional than 4% to $66,475, in accordance to Coin Metrics, extending a decrease that started Friday when bitcoin retreated from the $70,000 amount. Ether fell 6.1% to $3,452.02. Cryptocurrencies broadly, […]
Read More
Ripple launches new fund to drive blockchain innovation in Japan and South Korea
Ripple cryptocurrency is viewed in this illustration photograph taken in Krakow, Poland on June 4, 2021. (Picture Illustration by Jakub Porzycki/NurPhoto via Getty Photographs) Jakub Porzycki | Nurphoto | Getty Images Blockchain business Ripple has launched a Japan and Korea fund, aimed at driving innovation on the XRP Ledger as it carries on to increase […]
Read More
A small bitcoin allocation makes sense regardless of your thesis on the cryptocurrency, says Fidelity
Some investors might be trying too hard to understand bitcoin and missing an investing opportunity in the process, according to an executive from Fidelity Digital Assets. Matt Horne, head of digital asset strategies at the firm’s custody and trading arm for institutional investors, said investors and advisors are busy sharpening their cryptocurrency thesis when a […]
Read More
Bitcoin miners sink millions into AI businesses, seeking billions in return
Core Scientific’s 104 megawatt Bitcoin mining data center in Marble, North Carolina Carey McKelvey AUSTIN — For five years, bitcoin miner Core Scientific has quietly been diversifying out of mining and into artificial intelligence, a market that will require immense amounts of power to handle the training of AI models and the massive workloads that […]
Read More