bitcoin
* Core Scientific signed 12-year contracts with CoreWeave, expecting $3.5 billion revenue. * CEO aims to balance bitcoin mining and alternative hosting for cash flow. * Core Scientific to provide 200MW infrastructure for CoreWeave by 2025. * CoreWeave funds infrastructure modifications, credits $300 million to Core Scientific. * Bitcoin mining firms diversify into AI
bitcoin
* Bitcoin briefly topped $70,000 before retreating, trading around $69,200. * Ethereum's ether was stable below $3,800, CoinDesk 20 Index gained 1.6%. * Market consolidating since March, correction phase nearing an end. * Long-term holders selling, now re-accumulating BTC since December 2023. * New BTC and ETH accumulation addresses
banking
* The Qatar Central Bank completed CBDC infrastructure and launched experimental project. * Focus on distributed ledger technology, AI, liquidity enhancement, and securities transactions. * Project runs through October; started studying CBDC in March 2022. * UAE involved in mBridge project and CBDC proof-of-concept with Saudi Arabia. * QCB launched fintech sandbox Express Sandbox for
blockchain
* Carlo D’Angelo: lawyer, former law professor, crypto enthusiast, host of Lex Line podcast. * SEC approved spot Ethereum ETFs, deeming ETH a commodity, shifting oversight to CFTC. * Approval may impact SEC's crypto crackdown, pending lawsuits against Coinbase and Kraken. * ETH ETF decision could limit SEC's regulatory
asian
* Bitcoin-based Runes protocol market cap surpasses $2 billion, signaling potential resurgence. * Runes protocol offers security, scalability, and efficiency, attracting institutional interest in East Asia. * Asian investment firms like Newman Group see Runes as fundamental infrastructure for crypto industry. * Leading companies like Magic Eden and OKX support Runes protocol for cross-chain
crypto
* Over $3 billion worth of Ether removed from exchanges post approval of Ether ETFs. * 797,000 Ether withdrawn from exchanges between May 23 and June 2. * Lower exchange reserves indicate potential upcoming supply squeeze. * Percentage of circulating Ether on exchanges at lowest level in years (10.6%). * Ether ETFs expected
blockchain
* Linea halted block production after hack, emphasizing need for decentralization. * Hacker exploited Linea-based Velocore, withdrawing over $2.6 million in Ether. * Linea paused sequencer to prevent further fund bridging, highlighting centralization risks. * Gluchowski urges Layer 2 networks to prioritize decentralization to avoid future incidents. * Linea plans to decentralize network, including
bitcoin
* Tether invests $500 million in Bitcoin mining, potentially becoming a major player. * Partnerships with Bitmain, Blockstream, and various global mining companies solidify Tether's influence. * Tether's reported profit surpasses Fannie Mae's, making it highly profitable per employee. * Company's non-standard financial reporting raises questions
arrests
- Europol led Operation Endgame, arresting 4 and taking down 100+ servers linked to hackers and malware. - Botnets IcedID, SystemBC, Pikabot, Smokeloader, Bumblebee, and Trickbot were shut down by Europol. - Hackers sold network access to other hackers after hacking "well-known companies." - Ted Cruz purchased 3
bitcoin
* Bitcoin transactions hit $25 billion on May 28, highest in a year. * 367,000 BTC moved on May 28, largest since June 13, 2022. * Bitcoin price at $69,374.17 on May 28, total transaction value $25.5 billion. * 596,790 transactions on May 28, normal compared to surrounding days.
bitcoin
- MicroStrategy and Michael Saylor settle $40 million tax fraud case with D.C. attorney general. - Saylor accused of evading over $25 million in D.C. income taxes by falsely claiming residency. - MicroStrategy's role in helping Saylor evade taxes highlighted in the lawsuit. - Saylor disputes
cryptocurrency
* Investigation suggests Cryptoqueen Dr. Ruja Ignatova may have been murdered by Bulgarian drug kingpin. * Ignatova founded OneCoin, a fraudulent cryptocurrency, and disappeared in 2017. * Documents indicate Ignatova's murder in 2018 by drug kingpin Taki. * Taki allegedly used OneCoin network to launder money and had ties to Ignatova. * Former