Ad Billionaire venture capitalist Tim Draper believes businesses should hold “at least two payrolls worth of cash” in Bitcoin (BTC) and other cryptocurrencies. Draper did not specify the percentage allocated to Bitcoin versus altcoins. However, he called BTC a hedge against deteriorating economic conditions. Bitcoin is a hedge Draper said that the collapse of banks…
Ad The crypto sphere lost $372 million to scams and exploits in the first quarter of 2023, according to a recent report from the creators of Rekt Database, De.Fi (formerly DeFiYieldApp.) According to the report, Euler Finance, BonqDAO, and CoinDeal suffered the top three most considerable losses with $196 million, $120 million, and $45 million,…
Ad The Dogecoin Foundation has released a major update to its libdogecoin toolset, according to a March 23 announcement from developer Michi Lumin. Lumin described the update as a “big one” and said the release includes several new features as well as various fixes and improvements. The upgrade Specifically, the update includes support for BIP39,…
Ad Justin Sun said in a series of tweets on March 24 that Huobi believes the effects of recent charges against his other projects have come to an end. On March 22, the U.S. Securities and Exchange Commission (SEC) filed charges against Justin Sun and three companies to which he is linked. Specifically, the SEC…
Ad The price of Bitcoin fell to close $27,200 on March 25 before making a partial recovery. Bitcoin fell to nearly $27,200 Bitcoin was valued at $27,209 at 9:40 p.m. UTC on Friday. That decline in value represented a loss of 3.9% over 24 hours and a loss of 2.5% over one hour. However, the…
Ad Greenpeace USA published an art piece called the “Skull of Satoshi” to depict the “ravenous consumption of fossil fuels” by the flagship cryptocurrency Bitcoin (BTC). The piece involves shadowy coders under a skull made of computer hardware with a backdrop of various industrial structures related to energy production. The Skull of Satoshi is the…
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Ad New York-based Nasdaq Stock Exchange is looking to launch a crypto custody service by the end of the second quarter, Bloomberg News reported on March 24. The exchange first announced its plans to set up a digital asset business in September 2022 and has been steadily working on setting up the division over the…
Ad The founder of crypto-friendly Custodia Bank, Caitlin Long, said regulators would “be playing Whack-a-Mole” with problems if they continued to suppress Bitcoin (BTC). War on crypto Recently, a spate of regulatory enforcement actions raised suspicions of a coordinated attack on the U.S. crypto industry. Most recently when the SEC served Coinbase a Wells Notice…
Ad The crypto industry in Europe defied the bearish trends of 2022 and saw a record level of funding. Startups in the crypto space raised over $5.7 billion in 2022 while global and U.S. venture funding in the industry contracted. This is a notable increase from the $5 billion E.U. companies raised in 2021. Chart…