Bitcoin
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 […]
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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 […]
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The SEC ruling on Ethereum ETFs could mark a historic shift in crypto investing
VanEck CEO Jan van Eck sees a major sentiment shift underway in the cryptocurrency market linked to the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. “This is really one of the most amazing things that I’ve seen in my career with respect to securities regulation,” van Eck […]
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Bitcoin investors see sideways trading in June as focus turns to Washington
Markets are nearing the official start of summer, but bitcoin may languish in June. The flagship cryptocurrency jumped 13% in May, according to Coin Metrics, its eighth monthly gain in the past nine months and its best month since February, when it soared 44%. That’s thanks to last week’s ether-led rally ahead of the SEC’s […]
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Binance’s ex-CEO begins prison sentence in California
Former Binance CEO Changpeng Zhao, center, departs federal court in Seattle on April 30, 2024. Jason Redmond | AFP | Getty Images Binance’s billionaire founder Changpeng Zhao has reported to a low-security federal prison in Lompoc, California. CNBC reached out to Zhao’s defense team at Latham & Watkins to confirm that the former crypto chief is […]
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FTX exec who turned on Sam Bankman-Fried sentenced to 7.5 years in prison
Ryan Salame, former co-chief govt officer of FTX Digital Markets Ltd., arrives at federal court in New York, US, on Tuesday, Might 28, 2024. Yuki Iwamura | Bloomberg | Getty Photos Ryan Salame, a previous best lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or 7 and a 50 % many […]
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Uniswap fights again versus SEC as the ethereum crackdown continues
For years, the Securities and Exchange Fee has been cracking down on the crypto sector writ massive, but in the very last several months, the agency appears to have educated its sights on ethereum, in unique. Some of the largest names in decentralized finance are now preventing back again. In a 40-webpage filing on Tuesday, […]
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Grayscale CEO Michael Sonnenshein steps down, Goldman exec to acquire his area
Grayscale Investments introduced that CEO Michael Sonnenshein stepped down on Monday, ending a 10-calendar year operate as the leader of the most significant crypto asset supervisor. He will be succeeded by Peter Mintzberg, Goldman Sachs’ global head of technique for the asset and wealth management division, according to a push launch from Grayscale. Mintzberg, who […]
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New York AG announces $2 billion settlement with crypto loan company Genesis
New York Legal professional Standard Letitia James is settling with crypto lender Genesis for $2 billion to repay defrauded traders. The firm, once a small business at the heart of Digital Currency Team, was between the numerous casualties in the industry contagion set off by the collapse of FTX. The company filed for Chapter 11 […]
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No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month
ETF Edge No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month Published Sat, May 18 202411:00 AM EDT Emily Glass WATCH LIVE Source
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