The reported transaction comes as Tether maintains it has no plans to go public, even as other crypto companies pursue or delay IPOs. Former Tether chief investment officer Richard Heathcote is seeking to sell part of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report citing people familiar with the matter. Heathcote …
Continue reading “Former Tether CIO seeks to sell stake in stablecoin issuer, Bloomberg reports”
Bollinger Bands creator John Bollinger says the charts suggest Bitcoin could take off from here. Vitalik Buterin unveils a new Ethereum strawmap, but why is it taking so long? Michael Saylor’s Strategy sold 3,588 Bitcoin (BTC) to fund preferred stock dividend payments and replenish its cash reserves. Strategy sold the Bitcoin for $216 million, reducing …
Bitcoin sold off as news of Strategy selling BTC shook investors’ nerve but the quick rebound suggests bulls remain ambitiously positioned. Key takeaways: Bitcoin price quickly recovered from the selloff to $61,300 that followed Strategy’s Bitcoin sale announcement. Despite the negative impact on traders’ sentiment, the additional $216 million cash position eased concerns about the …
Continue reading “Bitcoin recovers from Strategy’s BTC sale, funding rates hit 9%: Are bulls back?”
The developers behind the memecoin project said they had informed law enforcement after the attack and were working to “recover funds and identify those responsible.” The decentralized autonomous organization (DAO) behind the Bonk (BONK) memecoin reported that an unknown entity had removed $20 million worth of the tokens in what it described as an attack …
Continue reading “BonkDAO reports $20M theft from ‘malicious governance proposal’”
Bitmine’s big buy contrasts with crypto treasury peer Strategy, which reported selling millions of dollars worth of its Bitcoin holdings on Monday. Bitmine Immersion Technologies, holding one of the largest Ether (ETH) stockpiles as part of its treasury strategy, said Monday it added of $74 million worth of the second-biggest crypto by market cap, in …
The UN Development Programme said blockchain payment pilots in five countries cut costs, improved resilience and will now inform wider use across its humanitarian and development programs. The United Nations Development Programme (UNDP) has signed a new agreement with the Stellar Development Foundation to expand the agency’s use of blockchain-based payments after completing pilot projects …
Continue reading “UN agency moves Stellar blockchain payment initiative beyond pilot stage”
The Bitcoin miner signed a 20-year AI infrastructure lease with Anthropic and sold its majority stake in a separate AI data center joint venture. Bitcoin miner TeraWulf, moving deeper into AI infrastructure, signed a 20-year data center lease with Anthropic expected to generate about $19 billion in contract revenue. The company also announced Monday that it …
Continue reading “TeraWulf shares rise after $19B Anthropic AI lease, JV sale”
Bitcoin wiped out much of its latest gains thanks to a market reaction to Strategy’s 3,600 BTC sell-off, but analysis eyed a potential buy announcement in the coming days. Bitcoin (BTC) saw flash volatility into Monday’s Wall Street open as markets reacted to tech company Strategy’s new BTC sales. Key points: Read more Go to …
Billionaire investing legend Jeremy Grantham is issuing a dire warning on US equities, believing stock values could witness a massive collapse similar to the dot-com bubble. In a CNBC interview, Grantham warns that the stock market valuations are now comparable to those seen during the dot-com bubble of the early 2000s. According to the billionaire …
Wedbush managing director and senior equity research analyst Dan Ives believes one lagging group of stocks will surprise investors in the next six months. In an interview with Bloomberg Television, Ives says that while many investors have taken their eyes off the Magnificent 7 due to their massive AI spending, he believes that the hyperscalers …
Citi has slashed its 12-month price targets for the top two crypto assets, Bitcoin and Ethereum. The cuts reflect negative ETF flows and stalled U.S. crypto legislation, reports Reuters. Bitcoin’s target dropped to $82,000 from $112,000. Ether’s forecast was trimmed to $2,240 from $3,175. Bitcoin ETF flows are down about $3.3 billion so far this …
Continue reading “Citi Lowers Bitcoin and Ethereum Price Targets Amid Negative ETF Flows”
A US regulator has barred a Texas banker from working in the industry after she embezzled more than $100,000 from her employer. The Federal Deposit Insurance Corporation (FDIC) says Cynthia M. Renfro pleaded guilty to misappropriating about $141,674 while working as a personal banker at First State Bank of Brownsboro. The regulator says that Renfro …
Bitcoin saw its highest levels in nearly two weeks at the weekly close, but bulls needed a push beyond $65,000 for real trend inflection, said the latest BTC price analysis. Bitcoin (BTC) starts the second week of June near two-week highs with traders keen to see bullish continuation. Key points: Bitcoin kept up pressure on …
Continue reading “$60.4K Becomes ‘most important area’: Five things to know in Bitcoin this week”
Belgium’s FSMA warned consumers about six crypto-asset service providers it added to a fraudulent CASP list days after the EU’s MiCA transitional period expired. Belgium’s financial markets regulator warned consumers against six crypto-asset service providers (CASPs) it said were operating in the country without authorization, days after the European Union’s Markets in Crypto-Assets (MiCA) licensing …
Continue reading “Belgian regulator flags six unauthorized crypto providers after MiCA deadline”
South Korea’s media and communications review body will hear from Polymarket before deciding whether to issue a corrective request against the prediction market platform. South Korea’s media and communications review body said it will hear from Polymarket before deciding whether to take corrective action against the prediction market platform. On Monday, the Broadcasting, Media and …
Continue reading “South Korea weighs action against Polymarket over gambling concerns”
