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 […]
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 »
BlackRock-backed tokenization specialist Securitize has moved a step closer to becoming a publicly traded company after the U.S. Securities and Exchange Commission approved a key filing related to its proposed merger with a special purpose acquisition company (SPAC). The agency declared Securitize’s registration statement effective for its proposed combination with Cantor Equity Partners II (CEPT).
Tokenization specialist Securitize overcomes major hurdle to NYSE IPO Read More »
Memecoins are usually where traders look for risk. This week is where the risk is reduced first. Dogecoin and Shiba Inu both lost around 9% as bitcoin drifted toward the $60,000 level, with the heaviest selling concentrated in the more speculative corners of the market. News context • Broader crypto sentiment deteriorated as Bitcoin slipped
Dogecoin and Shiba Inu plunge 9% as Bitcoin nears $60,000 Read More »
Latest developments: Sen. Angela Alsobrooks said she would not support the Clarity Act in the Senate unless negotiators reach agreement on ethics provisions and other outstanding issues. Alsobrooks said ethical concerns remain a major sticking point, alongside provisions on illicit financing and work still needed in the agriculture committee. She characterized her committee vote to
Alsobrooks says Clarity Act requires ethics deal before Senate vote Read More »
Ethereum falls 10% in bearish trade
Ethereum falls 10% in bearish trade Read More »
XRP is no longer fighting for $1.20. It’s a question of whether $1.10 holds. The latest selloff occurred with the type of volume typically associated with forced liquidations rather than orderly selling, pushing the token to its weakest levels in months before dip buyers finally appeared near $1.09. News context • XRP ETFs saw around
What’s Next as Ripple-Linked Token Falls 5% to $1.10 Read More »
The U.S. economy added 172,000 jobs in May, almost double economists’ expectations, strengthening the case for a Federal Reserve rate hike this year. The unemployment rate remained stable at 4.3%, according to data released Friday by the Bureau of Labor Statistics. Bitcoin BTC$61,029.69 remained under pressure following the report, trading below $62,000 as the broader
U.S. job growth beats forecasts, paving way for Fed rate hikes Read More »
CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1681.25, down 4.8% (-84.48) since 4 p.m. ET on Thursday. All 20 assets are trading lower. Leaders: BTC (-2.8%) and BNB (-2.9%). Lagging behind: ICP (-14.6%) and NEAR
Bitcoin (BTC) price falls 2.8% as index declines Read More »
Arthur Hayes, Maelstromfund’s chief investment officer, said he liquidated his entire zcash (ZEC) position after a developer revealed a potential critical vulnerability in the network’s Orchard Pool. Hayes, who previously championed the privacy token, said on The now-patched vulnerability was revealed by Shielded Labs, which said a major issue went undetected for four years and
Arthur Hayes abandons zcash holdings after Orchard Pool vulnerability revealed Read More »
