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Head of Research at Fidelity Digital Asset is convinced Bitcoin's value proposition as a decentralized and censorship-resistant monetary network sets it apart from other cryptocurrencies. Head of Research at Fidelity Digital Asset is convinced Bitcoin's value proposition as a decentralized and censorship-resistant monetary network sets it apart from other cryptocurrencies. Chris Kuiper, Head of Research at Fidelity Digital Assets, is...
Nearly 120,000 BTC was stolen in the hack. Federal officials seized some $3.6 billion worth of bitcoin tied to the 2016 hack of the crypto exchange Bitfinex. Agents arrested two individuals in New York on Tuesday on charges they conspired to launder proceeds from the Bitfinex hack in 2016. The married couple, Ilya "Dutch" Lichtenstein and Heather Morgan, will appear...
Clients would be able to trade crypto through the firm’s Aladdin investment platform, said one of the sources. BlackRock, the world’s largest asset manager, is preparing to offer a cryptocurrency trading service to its investor clients, according to three people with knowledge of the plans. The New York-based company, which managesover $10 trillion in assetsfor institutions, plans to enter the...
Tesla said that it investment an aggregate of $1.5 billion in bitcoin in the first quarter of 2021. Tesla recorded around $101 million of impairment losses from changes in the value of their bitcoin holdings in 2021. Elon Musk's electric vehicle company disclosed these losses ina filing with Securities and Exchange Commission(SEC) explaining how its digital asset holdings could affects...
Press release Solidus Technologies has boosted its pipeline of strategic partnerships with the announcement of a cooperation with leading global cyber-security firm Cyber Smart Defence (CSD). Solidus AI Tech, the AI arm of the company, welcomed CSD founder and CEO Mădălin Dumitru as its cyber-security advisor to ensure the security and data protection of the company’s High-Performance Computing (HPC) infrastructure....
The popular bridge for connecting Ethereum, Solana and more is now attempting to negotiate on-chain with the hacker. One of the most popular cross-blockchain bridges may have been the victim of a hack worth over $326 million on Wednesday. In a tweet, the project’s official Twitter handle confirmed that the bridge is currently down while the team investigates a potential...
The Reddit co-founder's 776 Management has raised two new funds and plans to make the majority of its investments in crypto startups. Reddit co-founder Alexis Ohanian’s capital venture firm 776 Management plans to focus on crypto in the coming year, having raised $500 million across two new funds. The newly launched Funds II include an early stage-focused $300 million vehicle,...
The rule was first proposed by a U.S. money-laundering watchdog FinCEN in late 2020. Treasury Secretary Janet Yellen (Anna Moneymaker/Getty Images, modified by CoinDesk) A controversial proposed rule that would enforce know-your-customer rules on unhosted or self-hosted crypto wallets may again be under consideration by the U.S. federal government. The rule was first proposed at the end of 2020 by...
A provision in the America COMPETES Act would give the Treasury Secretary the power to block U.S. firms from interacting with some crypto transactions or exchanges, if it becomes law. Rep. Jim Himes (D-Conn.) introduced a provision allowing the Treasury Secretary to block certain financial transactions to a bill aimed at spurring competition with China. (Al Drago/Bloomberg via Getty Images)...
TheInternational Monetary Fund’s board urged El Salvador to strip Bitcoin of its status as legal currency due to its large risks, highlighting a major obstacle for the nation’s efforts to get a loan from the institution. El Salvador last year sought a $1.3 billion IMF loan, but talks have been stymied by the lender’s Bitcoin concerns, and any program would...
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