Business – Page 178 – PK Press Club

Bitcoin Surpasses $72,000 as Oil Slumps Following Two-Week US-Iran Ceasefire

Bitcoin futures and U.S. stocks jumped Tuesday evening while oil prices collapsed after President Donald Trump confirmed a two-week ceasefire between Iran and the United States via Truth Social. BTC, the leading cryptocurrency by market value, hit a high of $72,699, up 5% in 24 hours, according to CoinDesk data. The broader market followed suit, […]

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Caroline Ellison Made ‘Fatal Mistake’ That Triggered FTX’s Total Collapse, Zhao Says

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Binance founder Changpeng Zhao (CZ) said Sam Bankman-Fried asked him for “a few billion dollars casually, like he was asking for a bologna sandwich” during the phone call before Binance’s attempt to acquire FTX in November 2022, and that he never intended to follow through. “I had no interest in owning FTX. I was also

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Solana Foundation Launches Security Overhaul Days After $270 Million Drift Exploit

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The Solana Foundation announced a series of security initiatives on Monday, just five days after decentralized finance (DeFi) platform Drift Protocol suffered a $270 million exploit carried out by a group affiliated with the North Korean state following a six-month social engineering campaign. The centerpiece is Stride, a structured evaluation program led by Asymmetric Research

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Bitcoin (BTC) Price Hits $70,000 as ETF Inflows Signal Institutional Interest: Crypto Daybook Americas

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By Francisco Rodrigues (All times ET unless otherwise noted) Bitcoin BTC$69,132.12 and the broader crypto market showed mixed signals on Tuesday, with the largest cryptocurrency briefly touching $70,000 following reports that an Iran ceasefire was proposed. The hesitation comes a day after Bitcoin exchange-traded funds (ETFs) recorded their largest inflows since late February, even as

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Nobel Prize-winning physicist warns that Bitcoin could be the first target of quantum computing

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A Nobel Prize-winning physicist who helped build Google’s quantum computers has warned that Bitcoin BTC$69,797.38 could be one of the technology’s first real targets. In an interview with CoinDesk, John M. Martinis said that recent Google research showing how a quantum computer could break Bitcoin encryption in minutes should be taken seriously. “I think it’s

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XRP led crypto ETF inflows rebound of $224 million last week

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Global exchange-traded crypto products attracted $224 million in inflows last week following an outflow of $414 million the week before, according to CoinShares. The overall figure looks like a recovery, but a closer look shows that the rebound is much more limited than it appears. Switzerland alone accounted for around $157 million of the total

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BTC recovers from early losses on hopes of Iran ceasefire

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Risky Markets Including Bitcoin BTC$69,442.59held a rally late Tuesday after Axios reported Iran’s positive reception to Pakistan’s demand for a two-week ceasefire. “The president has been briefed on the proposal and a response will come,” White House press secretary Karoline Leavit said when asked about the report. Under strong pressure at the start of the

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Bitcoin’s Quantum Risks Are a Governance, Not Engineering, Problem

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Digital asset manager Grayscale has backed accelerated efforts to make public blockchains quantum-resistant in a new research note, saying the technical solutions already exist, but the toughest challenge is getting decentralized communities to agree on their implementation. “Public blockchains do not have a CTO; they are global communities governed by consensus,” wrote Zach Pandl, head

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Stablecoin issuers move closer to US federal rules with new FDIC proposal

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The Federal Deposit Insurance Corp. of the United States formally proposed its approach to stablecoin issuers as one of the federal financial regulators required to write and oversee rules under last year’s Guiding and Establishing National Innovation for American Stablecoins (GENIUS) Act. The FDIC’s proposal — intended to closely align with what its sister banking

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Trump-linked World Liberty Financial questioned over partner’s past ties to sanctioned network

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A cryptocurrency firm linked to US President Donald Trump is facing new scrutiny after partnering with a company whose “signature project” had recently involved individuals later sanctioned by the US and UK. WLFI$0.09520a crypto company co-founded by Trump and partly owned by his family, said it conducted due diligence before integrating its $1 stablecoin with

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