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“#Fed ‘actively working’ on US digital currency, official says” Dallas Federal Reserve President Robert Kaplan said on Friday he could see the US central bank eventually issuing its own digital currency, calling it the “last mile” in a digitalization of the payment system that is already in train. “I would imagine in the years ahead…
“#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….