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The launch of the crypto claims portal comes nearly three years after the Terra ecosystem’s $45 billion collapse in May 2022. Terraform Labs — the company behind LUNA (LUNA) and algorithmic stablecoin TerraUSD (UST) — will launch its crypto loss claims portal on March 31. The portal is aimed at reimbursing individuals who lost at…
Authorities confiscated more than $200,000 of cryptocurrency held in at least 17 wallets, DOJ said in a statement. The US Justice Department (DOJ) seized more than $200,000 in cryptocurrency intended to benefit the militant group Hamas it said in a statement on March 27. The cryptocurrency with a total value of $201,400 was traced to…
Sam Bankman-Fried is no longer located at the Metropolitan Detention Center in Brooklyn after an unsanctioned interview with Tucker Carlson. Officials with the Federal Bureau of Prisons have moved former FTX CEO Sam “SBF” Bankman-Fried to a transit facility days after right-wing political commentator Tucker Carlson interviewed him. As of March 27, the Federal Bureau…
OpenAI expects revenue to reach $12.7 billion this year, driven by its paid AI subscription offerings — but Chinese AI rivals are spinning up in droves. OpenAI expects to more than triple its revenue this year to $12.7 billion, despite fast-growing competition from the likes of China’s DeepSeek and other competitors making rapid progress. The…
Wyoming has selected LayerZero as its partner for the state’s planned stablecoin, according to an announcement at the DC Blockchain Summit. Wyoming Governor Mark Gordon said the state’s proposed stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch. Speaking…
GameStop is looking to finance its Bitcoin strategy through a $1.3 billion offering of convertible senior notes. GameStop shares jumped nearly 12% on March 26 after the company announced plans to purchase Bitcoin (BTC). The company plans to finance the purchase through debt financing. After markets closed on March 26, GameStop announced a $1.3 billion…
Polymarket’s Trump/Ukraine mineral deal bet sparked a backlash as a whale-controlled vote settled it incorrectly, raising concerns over manipulation and governance risks. Polymarket, the world’s largest decentralized prediction market, is under fire after a controversial outcome raised concerns over potential governance manipulation in a high-stakes political bet. A betting market on the platform asked whether…
The move follows the US Office of the Comptroller of the Currency ceasing examinations for reputational risk. The US Federal Deposit Insurance Corporation, an independent agency of the federal government, is reportedly moving to stop using the “reputational risk” category as a way to supervise banks. According to a letter sent by the agency’s acting…
Bitcoin could rally to $110,000 as investors await key PCE inflation data, with analysts saying easing macro risks may trigger a strong April performance. Traditional and cryptocurrency investors eagerly await Friday’s Personal Consumption Expenditures (PCE) release, which may provide some relief to inflation-related concerns and increase investor appetite for risk assets including Bitcoin. The US…
It comes on the same day Oklahoma’s Strategic Bitcoin Reserve Act passed the State House of Representatives, bringing a reserve one step closer to potential enactment. Kentucky governor Andy Beshear has signed a measure known as the “Bitcoin Rights” bill, into law, enshrining protections for crypto users, as two other US states’ Bitcoin reserve legislation…