Business – Page 434

Centralized exchanges are still the preferred crypto-laundering tool of criminals

This summer, Roman Storm, the co-founder of the infamous crypto mixer Tornado Cash, was convicted in New York federal court of conspiring to operate an unlicensed money transmission business. Prosecutors celebrated Storm’s conviction as a major victory in the fight against money laundering, but the reality is more complicated. For years, regulators have treated mixers […]

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HSDT brings out PIPE Share Lock amid 60% stock slide

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Solana Company ( HSDT ), the digital investment firm formerly known as Helius Medical Technologies and backed by Pantera Capital, has moved ahead with unlocking shares for early stage investors in its $500 million PIPE round as the company’s stock trades below its original purchase price. The shares, which were sold in a private placement

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10% Weekend Rebound; Grove Increases USDC, RLUSD Liquidity on RWA Protocol

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The governance token of the decentralized finance lender Aave AAVE$227.38 stood out as one of the strongest performers over the weekend as cryptoassets rebounded from Friday’s lows. The advanced token surged over 10% on Monday to briefly top $230, trailing only oracle network Chainlink’s initial token CONNECTION$18.81 among the CoinDesk 20 Index members. CoinDesk 20

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Bitmine (BMNR) gains of 800 million USD ETH purchase

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BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset finance company led by Fundstrat’s Thomas Lee, expanded its ether ETH$3,966.23 buying streak by buying over 200,000 tokens, around $800 million, over the past week. After the latest purchase, the company had $13.4 billion in combined crypto, stock and cash assets as of Sunday evening, it said

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Monad’s fast EVM chain promises ‘night and day’ performance gains

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Monad’s long-awaited airdrop has the crypto community buzzing, but beneath the hype lies an ambitious blockchain engineering effort. Ahead of the much-anticipated token release and mainnet launch, CoinDesk explored how the team’s reimagined virtual machine, combined with its fast execution, could set Monad up to compete with some of the fastest layer-1s. As Monad prepares

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Blockchain.com Has Held Talks To Go Public Via SPAC Deal: Sources

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Blockchain.com, a cryptocurrency exchange and wallet provider, recently held talks to go public in the US via a special purpose acquisition company (SPAC) IPO, according to two people with knowledge of the matter. The company appointed Cohen & Company Capital Markets to advise on a potential SPAC deal, said one of the people, who spoke

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BTDR price target raised to $38 by benchmark

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Wall Street brokerage Benchmark raised its price target on bitcoin BTC$111,059.77 miner Bitdeer Technologies (BTDR) to $38 from $24, implying more than 50% upside from current levels. The broker said shares still have room to run despite the 70% rally in the stock in the past two months, including more than a 30% move in

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What you need to know about ICE raid on a Hyundai plant

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new video loaded: What you need to know about ICE raid on a Hyundai plant ICE and other law enforcement agencies detained nearly 500 workers in Georgia in September. Farah Stockman, who covers manufacturing for The New York Times, describes the fallout from the incident and what may be next for foreign factory investment in

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Nic Carter explains the threat and what to do next

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Nic Carter says quantum computing is the biggest long-term risk to bitcoin’s core cryptography and urges developers to treat it with urgency, not science fiction. In an essay published Monday, Coin Metrics’ co-founder explains in plain language how bitcoin’s keys work and why quantum matters. Carter writes that users start with a secret number (a

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Ripple and Kraken Back SPAC Aims to Build $1B Public XRP Treasury

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A newly incorporated Nevada company says it will go public and build what it calls a large, publicly traded xrp box through a merger with a blank check company. Evernorth Holdings revealed the plan in a press release on Monday, saying it signed a business combination agreement with Armada Acquisition Corp II (AACI). If the

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