Monday, October 12

Business

Grayscale Says Strategy Bitcoin Sale May Stabilize BTC

Strategy’s $216 million Bitcoin sale on Monday should be seen as a positive development for the price of Bitcoin and as a move that renews confidence in STRC, according to analysts.The sale of 3,588 BTC to fund preferred stock dividend…

YGG Cuts Game Publishing Arm, Lays Off 35 Staff

Crypto gaming company Yield Guild Games says it has shut down its crypto game publishing arm, YGG Play, and will instead focus on feeding data to artificial intelligence.Yield Guild Games said Monday that it would also lay off 35 employees,…

Trader Loses  Million From Malicious DEX incident

A trader who swapped $2.01 million worth of Ether on a decentralized exchange has been left with just $14,500 worth of tokens after a router directed the order through a low-liquidity pool, allowing an Ethereum block builder to profit massively…

Trump Says He Embraced Crypto ‘For Politics’

US President Donald Trump says he got involved in crypto “for politics” and became pro-crypto after seeing how much money the industry was making.At a press conference in the Oval Office on Monday to announce “Trump Accounts,” an investment account…

Injective CEO on Layer-1 Centralization Risk

Layer-1 blockchains will come under increasing pressure to sacrifice decentralization for speed and efficiency as adoption of the technology grows, according to Injective CEO Eric Chen.This pressure will come from the need to satisfy users’ desire for faster speeds or…

Trump’s Bitcoin Reserve Stalled By Interagency Clash: Report

The Trump administration’s push to establish a US Strategic Bitcoin Reserve has reportedly hit a roadblock, as the Commerce and Treasury departments are at odds over how the reserve should be structured and which agency should have primary oversight of…

Ex-Tether Executive Explores Sale of Company Stake: Report

Former Tether chief investment officer Richard Heathcote is seeking to sell part of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report citing people familiar with the matter.Heathcote stepped down as Tether’s chief investment officer in March…

Bitcoin Bounces Above K Following Strategy-fueled Selloff

Key takeaways:Bitcoin derivatives show resilience despite bearish pressure from Strategy’s Bitcoin sales.Onchain Bitcoin data points to sellers’ exhaustion, strengthening the $60,000 support level.Bitcoin price quickly recovered from the selloff to $61,300 that followed Strategy’s Bitcoin sale announcement. Despite the negative…

TeraWulf Signs B Anthropic AI Lease, Stock Gains

Bitcoin miner TeraWulf, moving deeper into AI infrastructure, signed a 20-year data center lease with Anthropic expected to generate about $19 billion in contract revenue.The company also announced Monday that it is selling a majority stake in a separate AI data…

SEC lifts ban on BGL Securities, BGL Asset Management

The Nigerian capital market’s top watchdog, the Securities and Exchange Commission (SEC), has withdrawn the suspension it placed on BGL Securities Limited and BGL Asset Management in May 2015. “Suspension is lifted from BGL Securities and BGL Asset Management,” the…

Ripple Receives Full MiCA License After EU Crypto Deadline

Ripple said it has received full authorization under the European Union’s MiCA crypto framework after Luxembourg’s financial regulator granted the company a Crypto Asset Service Provider (CASP) license.The authorization follows Ripple’s preliminary approval in June and, together with the company’s…

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