According to Forbes, Tether, the stable coin worth $86.5 billion, has purchased 10,000 Nvidia H100 GPUs, worth $420 million, and will also receive a 20% stake in mining company Northern Data. Northern Data owns 70% of a Tether-associated shell company, and plans to rent out the GPUs to AI start-ups, entering the GPU cloud service industry. This move signals that Bitco...
Cryptocurrency prices fell after the Federal Reserve’s June meeting, with$Bitcoin(BTC.CC)$falling below $25,000 for the first time since March. And selling pressure weighed on$Tether(USDT.CC)$, which lost its peg to the U.S. dollar on most exchanges Thursday, falling to 99 cents in its biggest drop since November. Bitcoin cut most of its Thursday morning losses in the afternoon as traders mulled the possi...
$Blackrock(BLK.US)$, the world's biggest asset manager, on Thursday filed for a$Bitcoin(BTC.CC)$exchange-traded fund (ETF) that would allow investors to get exposure to the cryptocurrency, as the asset class comes under intense regulatory scrutiny. BlackRock's iShares Bitcoin Trust will use Coinbase Custody as its custodian, according to a filing with the U.S. Securities and Exchange Commission (SEC). The U.S. regulator has yet to approve a...
MASSIVE Week: Monday: - Deadline for Binance and Binance US to respond to SEC's application for a temporary restraining order Tuesday: - Motion for temporary Binance US restraining order hearing - Hinman's documents release (XRP) - CPI Data Release Wednesday: - US Rate Decision - FOMC Statement Thursday: - ECB Rate Decision - Jobless Claims - Retail Sales Friday: - Euro Zone CPI - Michigan Consumer Sentiment - Michigan Inflation Expectations $Bitcoin(BTC.CC)$$XRP(XRP.CC)$$Ethereum(ETH.CC)$$Coinbase(COIN.US)$$Tether(USDT.CC)$$Cardano(ADA.CC)$
Bitcoin Dominance Surges, Accounting For Nearly Half of The $1T Crypto Market, Amid Altcoin Selloff: Bitcoin's dominance rate neared the 50% mark early Saturday as altcoin crash triggered a flight to safety. SOL, ADA, MATIC Tokens Slide 20% in Sudden Move Days After SEC Lawsuit Allegations: Several tokens were alleged as securities earlier this week, leading to a possible risk-off among traders. Custodia's Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules: The cryp...
In the early days of FTX’s bankruptcy proceedings, its restructuring team published a chart of its corporate structure. Sam Bankman-Fried’s former empire had 300 employees but controlled 130 companies when it filed for bankruptcy in November 2022. All companies have subsidiaries, but companies that have this many subsidiaries are infinitely more complex operations. General Motors, a multinational with dozens of int...
The price of Bitcoin fell solidly Saturday, while small digital coins such as Solana, Cardano and Dogecoin sold off in the wake of the SEC regulatory crackdown vs. cryptocurrency exchanges. $Bitcoin(BTC.CC)$tumbled to $25,501 early Saturday, back toward their worst levels since March set earlier in the week. The Securities and Exchange Commission on Monday filed 13 charges vs.$Binance Coin(BNB.CC)$Bina...
CoinKickOff performed an analysis of token data. The methodology involves defining dead coins as those with failed ICOs, less than $1000 volume in three months or fraud/scam. From their data they determined that the average lifespan of a token is 15 months. They also determined from 2022's data that 9/10 projects and tokens ...
The cryptocurrency industry is shifting towards AI cloud computing, with mining companies becoming the new gold rush for Nvidia.
Northern Data owns 70% of a Tether-associated shell company, and plans to rent out the GPUs to AI start-ups, entering the GPU cloud service industry. This move signals that Bitco...
Bitcoin briefly drops below $25,000, Tether’s stablecoin falls under its dollar peg
And selling pressure weighed on $Tether(USDT.CC)$ , which lost its peg to the U.S. dollar on most exchanges Thursday, falling to 99 cents in its biggest drop since November.
Bitcoin cut most of its Thursday morning losses in the afternoon as traders mulled the possi...
BlackRock files for bitcoin ETF in push into crypto
BlackRock's iShares Bitcoin Trust will use Coinbase Custody as its custodian, according to a filing with the U.S. Securities and Exchange Commission (SEC). The U.S. regulator has yet to approve a...
Monday:
- Deadline for Binance and Binance US to respond to SEC's application for a temporary restraining order
Tuesday:
- Motion for temporary Binance US restraining order hearing
- Hinman's documents release (XRP)
- CPI Data Release
Wednesday:
- US Rate Decision
- FOMC Statement
Thursday:
- ECB Rate Decision
- Jobless Claims
- Retail Sales
Friday:
- Euro Zone CPI
- Michigan Consumer Sentiment
- Michigan Inflation Expectations
$Bitcoin(BTC.CC)$$XRP(XRP.CC)$$Ethereum(ETH.CC)$$Coinbase(COIN.US)$$Tether(USDT.CC)$$Cardano(ADA.CC)$
Headlines
SOL, ADA, MATIC Tokens Slide 20% in Sudden Move Days After SEC Lawsuit Allegations: Several tokens were alleged as securities earlier this week, leading to a possible risk-off among traders.
Custodia's Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules: The cryp...
The unwieldiness of Binance's corporate structure, which bears similarities to FTX
Sam Bankman-Fried’s former empire had 300 employees but controlled 130 companies when it filed for bankruptcy in November 2022.
All companies have subsidiaries, but companies that have this many subsidiaries are infinitely more complex operations. General Motors, a multinational with dozens of int...
Cryptocurrency Crumble: Bitcoin Falls, Smaller Digital Coins Plunge In Wake Of SEC Crackdown
$Bitcoin(BTC.CC)$ tumbled to $25,501 early Saturday, back toward their worst levels since March set earlier in the week.
The Securities and Exchange Commission on Monday filed 13 charges vs. $Binance Coin(BNB.CC)$ Bina...
Crypto projects tokens currently have an average lifespan of 15 months. 90% of blockchain projects with tokens fail. One more reason why chasing 100x alts probably won't work
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