Investment banks own a lot of crypto, as shown in the disclosure. This makes public pensions more comfortable with crypto, Hashdex argues. The investment banks are Goldman Sachs and Morgan Stanley Revealed They own $600 million in US spot bitcoin exchange-traded funds, according to regulatory filings. According to Hashdex, this is a bullish sign for … Read more
Anchored Coins stopped accepting customers and the stablecoin paused withdrawals. The Swiss stablecoin issuer is one of the affected customers of the bankrupt FlowBank SA.AEUR stablecoin owners. The Ongoing collapse The $781 million Swiss bank FlowBank is making waves across the crypto industry and threatening the stablecoin's existence. This is because Anchored Coins AG, the … Read more
Chinalysis writes that digital deviants stole more than $1.6 billion in 2024, but overall illegal activity declined. It also explains the main reason why the value of stolen funds has increased. Criminals are on track to steal $3 billion in cryptocurrencies this year, according to Chinalysis' top cybercrime researchers. According to a new report from … Read more
Senate Majority Leader Chuck Schumer wants to pass crypto legislation in 2024. Democrats insist Kamala Harris is friendlier to industry than Joe Biden and Donald Trump. Half a dozen prominent Democrats reaffirmed their support for crypto in a virtual “town hall” Wednesday night, including Senate Majority Leader Chuck Schumer, who said he wants to pass … Read more
Ripple's litigation with the US markets watchdog has been seen as a test case for crypto regulation. Now that the case is over, barring appeals, legal experts doubt its legacy. Brad Garlinghouse, Ripple's CEO, was in an obvious celebratory mood after the crypto company's lengthy legal battle with the US securities regulator ended last week … Read more
The Arbitrum community is arming itself against a hostile takeover. A new proposal hopes to increase participation in its DAO. It's also meant to avoid the fate that recently befell the compound DAO. Arbitrum's decentralized autonomous organization, the steward of Ethereum's largest rollup blockchain, sitting $1.8 billion worth of crypto. Some of its members are … Read more