Business – Page 324

Polymarket punters appear to have insider traded in a market designed to catch insiders

Can you trade with insider trading on an investigation of your own insider trading? Polymarket has just turned that question from philosophical to practical. Blockchain practitioner ZachXBT released findings Thursday morning naming Axiom, a crypto trading platform, as the firm whose employees he believed had used non-public information to place profitable trades. The investigation had […]

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Bitcoin Slips Friday After Nvidia’s Earnings Pull

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Bitcoin and the broader crypto market entered Friday on the back foot, with most major tokens losing over the past 24 hours as traders continued to reduce risk along with stocks following Nvidia’s earnings-driven pullback. Bitcoin was trading around $67,766 at the time of writing, down 1.5% on the day but still clinging to a

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Block’s retreat to the 2019 scale could be a hint of deeper shifts in the payments economy

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Fintech firm Block is shrinking back to its pre-pandemic size, cutting staff to around 6,000 from a Covid-era peak of more than 10,000, compared to just 3,800 in 2019. CEO Jack Dorsey says AI enables smaller teams to move faster. While that’s certainly true, the reset may reflect a harsher reality: stablecoin rails are likely

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the index falls 1.4% as all components trade lower

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CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1999.16, down 1.4% (-28.56) since 4 PM ET Wednesday. None of the 20 assets are trading higher. Leaders: ETH (-0.2%) and BNB (-0.8%). Lagging behind: APT (-11.0%) and AAVE

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Why a Solana infrastructure company is moving its servers to win the global crypto trading war

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DoubleZero, a crypto infrastructure startup co-founded by former Solana Foundation director Austin Federa, is rolling out a major update that aims to spread Solana’s network more evenly around the world and make it faster in the process. On March 9, the company will launch “Phase II” of its DoubleZero Delegation Program, redirecting 2.4 million SOL

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Blockchain practitioner ZachXBT claims Axiom employee engaged in insider trading

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Network news AXIOM EMPLOYEE CHARGED WITH ALLEGED INSIDER TRAINING OF ZACHXBT: Blockchain expert ZachXBT said a senior employee at onchain trading platform Axiom Exchange allegedly abused internal access to user data to track private wallets and potentially trade memecoins using insider information. In a thread posted to X, ZachXBT said that Broox Bauer, a New

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BTC’s advance appears to be a one-day event

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Crypto markets retreated in the US morning hours on Thursday, quickly reversing yesterday’s strong gains. Just under $67,000, bitcoin BTC$67,459.18 has retreated more than 4% after touching $70,000 late Wednesday. Ether (ETH) and solana (SOL) show similar declines. The sale comes alongside a 2% drop in the Nasdaq after Nvidia’s (NVDA) earnings last night. While

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the past, present and future of crypto in 401(k) plans

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Happy Thursday, advisors! In today’s newsletter, David Lawant, head of research at Anchorage Digital reviews crypto’s evolving role in 401(k)s as regulatory clarity is poised to open up investment. Then, in Ask an Expert, Kevin Tam answers questions about crypto adoption around the world and looks at the latest 13F filings. Good reading. Modernizing the

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Florida man arrested in alleged $328M crypto ponzi scheme

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A Florida man accused of running what is arguably the largest crypto-linked Ponzi scheme involving $328 million has been arrested, federal prosecutors said Wednesday. Christopher Alexander Delgado, 34, of Apopka, Florida, was taken into custody on a criminal complaint charging him with wire fraud and money laundering, according to the U.S. Attorney’s Office for the

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Circle (CRCL) nearly 50% higher in two sessions since earnings results

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Circle ( CRCL ), issuer of the USDC stablecoin, continues to rise, now 45% higher in less than two sessions following its fourth-quarter earnings report on Wednesday. The move snapped what had been a brutal 80% reduction from record hits last year. While the company delivered strong growth in USDC supply, the stock’s outsized reaction

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