Key takeaways: Bitcoin climbed to $72,000 as rising recession odds and a weak US dollar boosted the appeal of scarce financial assets. Rising oil prices and a wobbly truce with Iran threaten to reverse Bitcoin’s recent gains. Bitcoin (BTC) reclaimed the $72,000 level on Thursday despite data showing rising inflation and weak economic growth in … Read more
Newly appointed company president Brett Redfearn briefly worked as Coinbase’s head of capital markets and served for more than three years at the SEC. Tokenization platform Securitize has named Brett Redfearn as president, with the former official at the US Securities and Exchange Commission (SEC) also joining its board of directors. Securitize’s Thursday notice said … Read more
The Open Network (TON), an independent layer-1 blockchain that has integrations with the Telegram messaging application, said it has slashed block times to 400 milliseconds with the release of its Catchain 2.0 consensus upgrade. Payment transactions now settle in about 1 second, while trades settle in “real time,” and decentralized applications will now operate at … Read more
Authorities in the United States, United Kingdom and Canada have frozen millions of dollars tied to crypto scams in a joint enforcement operation called Operation Atlantic. The operation, focused on phishing attacks, took place in March and was coordinated by the UK’s National Crime Agency (NCA), the US Secret Service, the Ontario Provincial Police and … Read more
Crypto ATM operator Bitcoin Depot revealed that it lost about 50.9 Bitcoin, worth roughly $3.7 million, after a hacker gained access to some of its internal systems. The breach happened on March 23 after the attacker took control of credentials linked to Bitcoin Depot’s corporate Bitcoin (BTC) wallets, according to a Monday filing with the … Read more
South Korean crypto exchange Bithumb has begun legal proceedings to recover 7 Bitcoin still missing from a payout error that saw 620,000 BTC mistakenly distributed during a promotional event in February. The exchange has filed for a provisional attachment, a court-approved measure that freezes assets ahead of a civil lawsuit, targeting users who have yet … Read more
Blockchain analysis firm Chainalysis estimates that stablecoin volumes could hit a lofty $1.5 quadrillion within the next decade, beating the total volume of global cross-border payments today. In a report on Wednesday, the Chainalysis team said that adjusted stablecoin volume could hit $719 trillion by 2035 just through organic growth, up from $28 trillion in … Read more
Key takeaways: The US and Iran ceasefire boosted stock markets and Bitcoin, but BTC derivatives suggest limited bullish momentum. Legislative setbacks and a “fragile truce” between the US and Iran keep bears active with a potential $68,000 correction on the cards. Bitcoin (BTC) rallied 6% in less than four hours on Tuesday, following gains in … Read more
David Woodcock steps into the role as US senators await answers to questions on the agency’s dropping lawsuits against Justin Sun and several crypto companies. The US Securities and Exchange Commission (SEC) has appointed David Woodcock as director of its division of enforcement as lawmakers press for answers on his predecessor’s departure. In a Wednesday … Read more
Advances in quantum computing could eventually pose a threat to Bitcoin’s cryptographic security, but the risk remains manageable and unlikely to cause existential disruption, according to a new research report by Bernstein. In the report, the Bernstein team — Gautam Chhugani, Mahika Sapra, Sanskar Chindalia and Harsh Misra — described quantum computing as a “manageable … Read more