Author: Coindesk
Still, hostile M&A can be tricky, the report cautioned, and such deals are unusual in technology and financial services business which rely on the talent of people. “However, bitcoin mining is very different where physical facilities with access to electricity and widely available computing equipment are the core assets.” Read the full article here
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The report adds that the amount of centi-millionaires, individuals with assets of over $100 million, has increased 79% to 325. Bitcoin was the largest contributor to the rise in billionaires, with five of the six billionaires becoming so through bitcoin investment. Read the full article here
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
“Locally, a Telegram ban will have a lasting negative impact on the business development and marketing of the more than 300 solid web3 projects from India,” said Ayush Ranjan, CEO of Huddle01, a DePIN dedicated to making real-time communication performant. “Millions of Indians are active members…disrupting this communication would also impact the price formation of projects’ tokens. If the ban goes through, people will have to move to other app.” Read the full article here
The bank noted that other risk assets have also been weak over this period, but crypto has underperformed since the post-nonfarm payrolls (NFP) rebound, on a volatility-adjusted basis. Nonfarm payrolls is a U.S. employment report usually published on the first Friday of every month. Read the full article here
“This RWA market with Morpho aims to give these tokens utility,” Vogelsang said in an interview. “If you hold a Treasury bill and you need a bit of USDC for a couple hours, or days, or whatever, you can have that access without having to go through the complicated process of redeeming it, waiting for the issuers to give you the dollars back and possibly pay fees. So, basically instant liquidity without having to actually redeem the underlying asset that you’re using to borrow.” Read the full article here
The U.S. Securities and Exchange Commission (SEC) has charged brothers Jonathan and Tanner Adam of attempting to defraud more than 80 investors with a $60 million Ponzi scheme involving a crypto asset trading platform, it announced on Monday. Read the full article here
As Durov was arrested on Saturday, August 24, 2024, at 8:00 PM local time when his plane landed at Le Bourget airport, a general aviation airport north of Paris, he could be held until Wednesday, August 28, 2024, at 8:00 PM, but bettors have their money on an extended stay. Read the full article here
Gambaryan, a former Internal Revenue Service (IRS) agent and Binance’s current head of financial crime compliance, was detained in Abuja in February, shortly after voluntarily traveling to Nigeria’s capital city at the government’s invitation. At first, Gambaryan and another Binance executive, British-Kenyan national Nadeem Anjarwalla, were held under house arrest without explanation. But when Anjarwalla escaped in March, Gambaryan was transferred to the notoriously dangerous Kuje prison, where he has spent the last five months. Read the full article here