Prediction markets are gaining traction as a new growth area for Coinbase (COIN) and Robinhood (HOOD) as investors look past a weak first quarter for crypto trading and focus on future products, according to Cantor Fitzgerald analyst Ramsey El-Assal. El-Assal said “investors are increasingly treating the quarterly print as backward-looking,” with attention shifting to “forward […]
Carmine Agnello, the grandson of mob boss John Gotti, was sentenced to 15 months in prison for defrauding the US government’s Covid relief funding system out of $1.1 million, proceeds which he used to invest in crypto, the Justice Department said. In a statement released Monday, the U.S. Attorney’s Office for the Eastern District of
A major decentralized finance (DeFi) hack could prompt Wall Street firms to reevaluate the pace of their blockchain and tokenization efforts, a Jefferies analyst wrote in a report. The note follows a $293 million exploit of the Kelp DAO on April 18, in which attackers minted unbacked tokens and used them as collateral to borrow
Crypto and crypto markets retreated on Tuesday after Federal Reserve Chairman Kevin Warsh said US President Donald Trump never called for him to cut interest rates when he takes the helm at the central bank. Speaking before the Senate Banking Committee, Warsh emphasized the Federal Reserve’s independence and pushed back speculation about political pressure on
BTC Slips As Fed Chair Nominee Warsh Says Trump Didn’t Call For Rate Cut Read More »
British crypto-friendly fintech firm Revolut told investors it was targeting a valuation of up to $200 billion in its initial public offering, the Financial Times» reported on Tuesday. Europe’s biggest fintech firm recently said it would not seek an IPO until 2028 and had set no formal valuation targets after a share sale last November
Revolut aims for a $200 billion IPO just months after its $75 billion stock sale Read More »
Aave, one of the largest decentralized lending platforms, actually froze on Tuesday after all of its major lending protocols ran out of available funds, leaving users unable to withdraw billions of dollars in crypto, DeFi Warhold said as he explained what 100% leverage means. About $5 billion in stablecoins USDT and USDC are effectively locked
AI-generated content can seem like an easy win for businesses, especially when the promise is simple enough to sell internally: publish more crypto content, cover more keywords, use fewer resources, and pick up more organic traffic along the way. On paper, it may sound cost-effective, and in some cases AI can absolutely help with research,
AI slop has created a search problem crypto companies can’t ignore Read More »
Even if the Strait of Hormuz reopens, energy executives and analysts say the industry will no longer be able to count on it the way it used to. For the healthy, there is no way back to normal. Countries across the region are exploring building, expanding or rehabilitating infrastructure that would bypass the strait. And
The Strait of Hormuz may not return to normal, whether it is open or closed Read More »
A new report commissioned by Coinbase sounds a cautious but urgent alarm: Quantum computing won’t break crypto tomorrow, but the industry can’t afford to wait. The 50-page paper, authored by an independent advisory committee that includes prominent cryptographers and academics such as Dan Boneh of Stanford University, Justin Drake of the Ethereum Foundation, and Sreeram
DoorDash and a group of fintechs are moving stablecoins into their live payment streams with Stripe-led blockchain Tempo, the latest sign that blockchain-based money is making its way into the mainstream financial infrastructure. Payments-focused blockchain Tempo, developed by Stripe and venture firm Paradigm, said in a blog post Tuesday that companies including DoorDash, Stripe, Coastal
DoorDash joins massive fintech push to bring stablecoin payouts to merchants Read More »
