Business

Are Retail Traders Selling Bitcoin to Buy Elon Musk’s SpaceX IPO?

Some online discussions appear to speculate that retail investors could sell cryptocurrencies to pursue the largest IPO ever. SpaceX, the rocket, satellite and AI company owned by Elon Musk, is selling up to 30% of its record $75 billion offering directly to retail investors through Robinhood, Fidelity and Charles Schwab, more than three times the […]

Are Retail Traders Selling Bitcoin to Buy Elon Musk’s SpaceX IPO? Read More »

Researcher who discovered Zcash bug with AI adds Monero to his audit queue

Taylor Hornby, the security engineer who used Anthropic’s Opus 4.8 AI model to find a critical bug in Zcash, says privacy coin Monero is among the tokens he intends to audit next. When asked on Monero, which trades under the symbol XMR, is among the largest privacy-focused cryptocurrencies and hides transaction details by default compared

Researcher who discovered Zcash bug with AI adds Monero to his audit queue Read More »

WLD plunges 20% as Hayes abandons token a day after saying he would continue to hold it

These days, opinions on crypto investments change in less than 24 hours. Arthur Hayes, co-founder of crypto exchange BitMEX and chief investment officer of family office Maelstrom, said Friday the company sold its entire stake in Worldcoin, the digital token tied to Sam Altman’s eye-scanning identity project, a day after saying it would continue to

WLD plunges 20% as Hayes abandons token a day after saying he would continue to hold it Read More »

Bitcoin recovers $61,000 after falling below $60,000 in AI-led rout

Bitcoin reclaimed the $61,000 level Saturday morning in Asia after briefly falling below $60,000 overnight, stabilizing after a strong U.S. jobs report Friday sparked a sharp selloff in stocks, bonds and crypto. The token fell as low as $59,227 before buyers returned and was trading around $61,000, down about 1.3% on the day. The rebound

Bitcoin recovers $61,000 after falling below $60,000 in AI-led rout Read More »

Cardano social activity surges as ADA falls below 20 cents to hit four-year low

Cardano is getting attention again, but not the type of holders usually want. ADA fell to around $0.16 on Thursday, down nearly 30% over the past seven days and more than 75% over the past year, according to CoinDesk data. The token briefly traded below $0.16, its lowest level since December 2020, extending a pullback

Cardano social activity surges as ADA falls below 20 cents to hit four-year low Read More »

Bearish bets on zcash (ZEC) reach record highs as prices collapse

Bearish bets on privacy-focused zcash (ZEC) hit a record as the token fell 50% in 24 hours following the disclosure of a now-patched vulnerability in its Orchard pool. ZEC recorded approximately $118 million in forced liquidations during the period, according to CoinGlass data. This is remarkably small for a token that halved in price, suggesting

Bearish bets on zcash (ZEC) reach record highs as prices collapse Read More »

Security experts warn that advanced AI is poised to spark a computer and banking hacking crisis.

A major bug discovered in leading AI-powered privacy network Zcash may be a warning sign that similar undiscovered flaws exist in crypto and banking software. What worries the crypto community is that the bug, which existed in the network for 4 years, was only recently discovered by Shielded Labs, a non-profit developer of the privacy

Security experts warn that advanced AI is poised to spark a computer and banking hacking crisis. Read More »

US House Tax Committee Considers Crypto Bills, Including Small Transaction Relief

A package of seven crypto tax bills are being circulated ahead of a U.S. House of Representatives Ways and Means Committee hearing next week, with each of the legislative bills addressing its own narrow aspect of the tax treatment of digital assets, including easing tax demands on small transactions and asset gains in mining and

US House Tax Committee Considers Crypto Bills, Including Small Transaction Relief Read More »

Scroll to Top