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“#Cryptocurrency market tops $2T as bitcoin price surges” The total value of the entire cryptocurrency market shot past $2 trillion over the weekend for the first time since May, fueled by a renewed surge in the price of bitcoin and other digital coins. The price of bitcoin rose higher than $48,100 at one point on…
“#Ambitious SEC boss Gensler cultivates Sen. Elizabeth Warren” If Gary Gensler sounds a lot like Elizabeth Warren, it’s not by accident but by design. He needs the powerful progressive senator in his corner to fulfill his ultimate, career-fulfilling goal, which, according to sources, is having his signature on the dollar bill as treasury secretary. Gensler…
“#Intel discloses small stake in crypto exchange Coinbase” Intel on Friday disclosed a stake worth less than a million dollars in cryptocurrency exchange Coinbase. The chipmaker held about 3,014 shares of Coinbase’s Class A common stock as of June 30, Intel said in a regulatory filing. The Coinbase shares would be worth around $788,191, based on trading price of $261.51 at…
“#Hackers behind $610M crypto heist return money, may get ‘bug bounty’” The hackers who pulled off the largest cryptocurrency heist in history “for fun” have returned the money — and the company that they stole from wants to pay them for their service. The decentralized finance platform that was hacked, called Poly Network, confirmed late…
“#Hackers behind $600M crypto heist say they did it ‘for fun’” It’s good to love your work, but this is ridiculous. Hackers who made off with more than $600 million worth of crypto this week say they didn’t need the money and did it all “for fun.” In an apparent effort to prove the bizarre…
“#Paris Saint-Germain soccer club to pay Lionel Messi in cryptocurrency” French soccer club Paris Saint-Germain announced Thursday that a portion of its $80 million pay package for superstar Lionel Messi includes some cryptocurrency — a “world first for such a high-profile signing.” PSG said Messi’s package includes an unspecified amount of the club-issued cryptocurrency “$PSG Fan…
“#Coinbase stock jumps on better-than-expected Q2 earnings” Shares of crypto exchange Coinbase rose 7 percent Wednesday morning after the company reported better-than-expected second quarter profits. The digital coin exchange late Tuesday reported $1.6 billion in net profit for the quarter, representing earnings per share of $3.45. That eclipsed Wall Street’s expectations of $2.33 per share. …
“#Hackers steal $600M in one of the largest crypto heists ever” Hackers have made off with more than $600 million in various cryptocurrencies, likely the largest heist ever in the burgeoning world of decentralized finance. The hackers targeted PolyNetwork, a decentralized finance platform that enables people to swap tokens across different blockchains. The theft affects…
“#Teen crypto trader Wesley Pessano Santarem shot dead in Porsche” A young crypto trader who flaunted his wealth on Instagram has been shot dead at the wheel of his red Porsche Boxster. Gunmen unleashed a hail of bullets on 19-year-old Wesley Pessano Santarem as he drove through the Brazilian city of Sao Pedro da Aldeia….
“#SEC boss Gary Gensler has few regulatory bullets on crypto: lawyer” Gary Gensler’s ambition to regulate the “Wild West” of cryptocurrencies is on a collision course with something he can’t regulate: more than seven decades of case law. That was the consensus among securities lawyers with whom I spoke following Gensler’s pronouncement last week that…