Butch McGuire’s, a downtown Chicago pub, plans to hold watch parties for some World Cup soccer games. But the family-owned business does not order more beer. “Soccer is growing here in the United States and there will be games that draw big crowds,” said Bobby McGuire, who took over the business from his father 20 […]
Can the World Cup help the US beer industry kick its slump? Read More »
The two biggest DeFi companies of the past two months have one thing in common. They used a tool that does not exist on the XRP Ledger. Thorchain lost about $10.8 million on May 15 to a cross-chain attack that drained funds across Bitcoin, Ethereum, BSC, and Base. Drift Protocol, a Solana-based decentralized perpetual exchange,
The US Securities and Exchange Commission (SEC) has sued Texas resident Nathan Fuller, alleging that he raised about $12.3 million from about 150 investors through a crypto investment scheme built around false claims of AI-powered trading bots, guaranteed returns and insurance protection. According to a complaint filed in the U.S. District Court for the Southern
The United States has seized about $1 billion in cryptocurrency linked to Iran, Treasury Secretary Scott Bessent said, describing the move as part of a broader campaign to cut off funding channels used by Tehran. In an interview on Fox Business, Bessent said US authorities had “grabbed the wallets” and seized cryptocurrency linked to Iran.
US says it seized about $1 billion in Iranian crypto as crackdown expands Read More »
Traditional financial institutions are preparing to move trillions of dollars of assets on-chain, but the risk of hacks and exploits is putting them off, according to blockchain security firm CertiK CEO Ronghui Gu. “Right now, more and more institutions are trying to move assets onchain,” Gu told CoinDesk in an interview. “They imagine that, let’s
Why AI-Powered Hackers Are Keeping Big Banks Off Blockchain Read More »
The crypto market is struggling, competitors are either going through hard times or pivoting to other areas, while Binance is building with eyes on increasing its active user base tenfold to 3 billion by 2030, Catherine Chen, the head of VIP and Institutional told CoinDesk in an interview. “It’s true that the market is going
Hyperliquid (HYPE), a decentralized trading platform that began as a perpetual cryptocurrency exchange less than three years ago, is increasingly being seen by Wall Street analysts as a broader financial infrastructure that could challenge parts of traditional exchanges and derivatives markets. In a new report, Grayscale described Hyperliquid as a fast-growing blockchain-based platform that generated
Grayscale says Hyperliquid could become a ‘financial services’ Read More »
Ripple Labs is reportedly looking to raise at least $1 billion for a new public market vehicle that would accumulate XRP, according to Bloomberg, testing whether digital asset trading still works beyond bitcoin. The raise would be through a special-purpose buyout firm, the report cited people familiar with the matter. The funds would sit inside
Ripple is said to lead the $1 billion in XRP treasury raise Read More »
When Sandy Smith’s stepfather lost his job during the Great Recession, she found herself supporting multiple family members and two households. Her family, who emigrated from Jamaica, had always been frugal, but to make her budget work, she became a “crazy personal finance person” to her group of friends. She kept a binder of coupons
How your group of friends affects how you spend and save Read More »
A venture capitalist who has spent a decade backing deep-tech and quantum hardware startups says bitcoin BTC$73,473.57 the industry is fixated on the wrong half of the quantum problem, the keys of the wallet instead of the encrypted messages that already move between exchanges, bridges and repositories today. “The most dangerous vulnerability in the financial
