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Bitcoin mining stocks experienced widespread declines Wednesday, with most major publicly traded firms in the sector in the red. Bitcoin Mining Stocks See Red Across the Board Galaxy Digital Holdings, leading by market capitalization at $6.64 billion saw its shares drop 11.33% this afternoon and 14.11% over the last five sessions, even as it’s up … Read more
Cork Protocol, a decentralized finance (DeFi) platform, was hit by a smart contract exploit on May 28, resulting in the loss of roughly $12 million in digital assets. Cybersecurity firm Cyvers said the hack occurred at 11:23:19 UTC and was funded by an address ending in “762B.” According to the firm, the attacker used the … Read more
The U.S. Department of Labor has rescinded its 2022 guidance that warned fiduciaries to exercise “extreme care” when considering cryptocurrencies for 401(k) retirement plans. Crypto Gets a Policy Boost as Labor Dept. Revokes 401(k) Warning The original release, issued under the Biden administration, had signaled skepticism about the inclusion of digital assets in retirement investment … Read more
The Katana Foundation, a nonprofit focused on decentralized finance (DeFi) development, is launching its private mainnet, aiming to unlock greater crypto asset productivity via deeper liquidity and higher yields for users. The Katana Foundation launched a DeFi-optimized, private blockchain, Katana, on May 28, incubated by GSR Markets and Polygon Labs, with the public mainnet launch … Read more
Opinion by: Scott Buchanan, chief operating officer of Bitcoin Depot A new proposal to install Bitcoin ATMs in federal buildings highlights an important question: Can crypto truly go mainstream without a stronger physical presence? For years, the industry has focused on software and decentralization, but its reluctance to invest in real-world infrastructure is starting to … Read more
Key points: Markets increasingly see fewer Fed rate cuts this year, with the first only coming in September. Despite potential labor market weakness to come, crypto and risk assets lack an overall bullish catalyst, analysis says. BTC/USD continues to drop toward new multiday lows. Bitcoin (BTC) sold off at the May 28 Wall Street open … Read more
This content is provided by a sponsor. A single moment can unravel months—or even years—of financial progress. An unexpected car repair. A medical bill. A job loss. Suddenly, the balance tilts. The mounting pressure of missed payments and the dread of persistent phone calls begin to take their toll. In these moments, organisations like Freedom … Read more
Telegram is teaming up with Elon Musk to unleash Grok AI across its billion-user platform, igniting a transformative wave in global messaging and artificial intelligence access. Elon Musk’s Grok Breaks out: Telegram’s Billion Users Set for Explosive AI Upgrade Telegram CEO Pavel Durov announced Tuesday on social media platform X that his company has entered … Read more
Why are seniors being targeted in crypto scams? Scammers prey on seniors because they view them as financially secure, trusting and less familiar with rapidly evolving technology. Let’s understand why seniors are key targets. Perception of wealth: Many older adults have retirement savings or pensions, making them lucrative targets. Lower tech fluency: Navigating crypto wallets, … Read more
Gamestop just ignited a Wall Street frenzy by snapping up 4,710 bitcoin—catapulting its stock skyward and electrifying its pivot into digital asset dominance. Gamestop’s 4,710 Bitcoin Acquisition Powers GME Shares Higher Game retailer Gamestop Corp. (NYSE: GME), known for selling video games and consumer electronics, announced on May 28 that it had acquired 4,710 bitcoin. … Read more
