Bitcoin surged above $71,000 for the first time since June, breaking out of a six-week trading range as a wave of forced buying sent the cryptocurrency sharply higher. … [Read more...] about Bitcoin breaks above $71,000 as short squeeze sends crypto market higher
Tether completes first full audit after years of scrutiny
Tether, the issuer of the world's largest stablecoin, has completed its first full independent audit of its financial statements, ending years of promises and scrutiny over the assets backing its USDT token. … [Read more...] about Tether completes first full audit after years of scrutiny
Samsung targets stablecoin distribution across hundreds of millions of Galaxy phones
Samsung Electronics Co. is moving to bring stablecoins directly into Samsung Wallet, potentially giving blockchain-based dollars a distribution channel spanning hundreds of millions of Galaxy devices. … [Read more...] about Samsung targets stablecoin distribution across hundreds of millions of Galaxy phones
BlackRock positions tokenized cash for the stablecoin era
BlackRock is expanding deeper into tokenized finance, this time targeting one of the fastest-growing opportunities created by U.S. stablecoin regulation: managing the assets that sit behind digital dollars. … [Read more...] about BlackRock positions tokenized cash for the stablecoin era
Clarity Act stalls as Senate runs out of time before August recess
The U.S. crypto industry’s push for comprehensive market-structure legislation is facing another delay as the Senate approaches its August recess without a final deal on the CLARITY Act. … [Read more...] about Clarity Act stalls as Senate runs out of time before August recess
Strategy reports $8.2 billion second-quarter loss on bitcoin valuation
Strategy Inc. reported a net loss of $8.2 billion for the second quarter, as changes in the market value of its Bitcoin holdings weighed on earnings under fair-value accounting rules. The company, which has transformed itself from an enterprise software provider into the largest corporate holder of Bitcoin, said it continues to view the cryptocurrency as its primary treasury … [Read more...] about Strategy reports $8.2 billion second-quarter loss on bitcoin valuation
The hardware wallet turns twelve: how two people in a Prague hackerspace invented the industry
Twelve years ago there was no such thing as a hardware wallet. To hold your own Bitcoin safely you needed a spare computer, a working knowledge of Linux, and the nerve to trust a setup you had wired together yourself. Most people did not have all three. They left their coins on exchanges and hoped for the best. … [Read more...] about The hardware wallet turns twelve: how two people in a Prague hackerspace invented the industry
BitMEX to shut down after 11 years as crypto competition intensifies
BitMEX, one of the cryptocurrency industry's earliest derivatives exchanges, will cease operations by Sept. 23, bringing to a close an 11-year run that helped shape the market for leveraged digital-asset trading. … [Read more...] about BitMEX to shut down after 11 years as crypto competition intensifies