Friday, June 26

Crypto

Only 10K Bitcoin is Quantum-Vulnerable and Worth Attacking

Digital asset manager CoinShares has brushed aside concerns that quantum computers could soon shake up the Bitcoin market, arguing that only a fraction of coins are held in wallets worth attacking.In a post on Friday, CoinShares Bitcoin research lead Christopher…

Get Ready for the Federal Reserve’s ‘Gradual Print’

Whether the Federal Reserve is engaging in quantitative easing is purely semantic, according to Alden, who says all roads lead to debasement.The US Federal Reserve is entering into a “gradual” era of money printing that will stimulate asset prices “mildly”…

Are Non-Financial Use Cases in Blockchain Dead?

Prominent crypto venture capitalists are clashing online about whether non-financial use cases in crypto, Web3, and blockchain have failed due to a lack of investor demand and product-market fit or if the best days for non-financial applications still lay ahead.The…

Jack Dorsey’s Block May Slash Up To 10% of Staff: Report

Jack Dorsey’s payments company Block Inc. has begun informing hundreds of employees that their roles could be eliminated during annual performance reviews, as the firm undertakes a wider restructuring effort.As much as 10% of Block’s workforce may be affected, Bloomberg…

ARK Sells M in Coinbase Shares, Buys Bullish Across ETFs

Cathie Wood’s ARK Invest continued reducing its exposure to crypto exchange Coinbase on Friday, unloading $22 million worth of shares across multiple exchange-traded funds (ETFs) while adding to its position in digital asset platform Bullish.According to ARK’s trade disclosures, the…

Bithumb Recovers Overpaid Bitcoin, Covers 1,788 BTC Shortfall

South Korean cryptocurrency exchange Bithumb says it has resolved an incident in which a promotional reward error credited certain user accounts with excess Bitcoin.In a Sunday statement, the exchange confirmed it recovered 99.7% of the overpaid Bitcoin (BTC) on the…

Crypto Retail Investors Are Trying To ‘Meta-Analyze’ Market

Retail investors are scrutinizing the crypto market for signs that it may have bottomed out to gauge when to buy more crypto assets, according to crypto sentiment platform Santiment.“Retail traders are trying to meta-analyze the market, looking for signs of…

23% of Investors Forecast Rate Cut at March FOMC Meeting

The number of traders expecting a rate cut at the March Federal Open Market Committee meeting rose following fears of a hawkish Fed nominee.The number of traders expecting an interest rate cut at the March Federal Open Market Committee (FOMC)…

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