Ex-Security Engineer Gets Three Years for First-Ever Smart Contract Hacking Conviction, Stole $12 Million in Crypto
Former security engineer Shakeeb Ahmed was sentenced to three years in prison on Friday after prosecutors said he hacked two decentralized crypto exchanges — stealing over $12 million worth of crypto in the process. The case involved the first-ever conviction…
Hong Kong to Approve Spot Bitcoin, Ether ETFs as Soon as Monday: Bloomberg
Hong Kong regulators could approve spot ETFs based on Bitcoin (CRYPTO: BTC) and ether as early as Monday, according to Bloomberg, which cited people familiar with the matter. Read the full story at The Block.
Venture Capital Guru Touts Work In Crypto As ‘One Of The Most Asymmetric Things For Your Career’
Jonathan Wu, investor at a new New York City-based preseed fund, went viral on X (formerly known as Twitter) with a thread about why “switching into crypto is one of the most asymmetric things you can do for your career.”…
Bitcoin, Ethereum, Dogecoin Plunge, $878M Liquidated: ‘Just Set Alerts At $60,000 And $74,000 And Walk Away,’ Says Crypto Expert
Major cryptocurrencies dropped on Friday, with $877.8 million liquidations in the crypto derivatives market. What Happened: Cryptocurrency markets were weighed down by risk-off sentiment in traditional markets amid heightened geopolitical risks. U.S. stock markets dropped on fears of a broadening…
Elizabeth Warren’s Attacks on Cryptocurrency Are Coming Back to Haunt Her as Tycoons Work to Remove Her from Office
Sen. Elizabeth Warren (D-MA) is facing significant backlash for her anti-cryptocurrency, big government stance over the last few years as more than a dozen crypto executives and tycoons are donating to her opponent, Republican candidate John Deaton, in anticipation of…
MicroStrategy’s Winning Streak: How Bitcoin Holdings Sparked a $1.92B Blow to Short Sellers
MicroStrategy Inc (NASDAQ:MSTR) has witnessed a significant downturn in the fortunes of short sellers betting against it, with losses amounting to $1.92 billion since March, as revealed by S3 Partners. This financial hit underscores the rally that enabled MicroStrategy’s stock…
Here’s How Much $1,000 In Bitcoin Will Be Worth If Cathie Wood’s BTC Prediction Is Correct
Ark Invest, led by CEO Cathie Wood, has quickly grown into one of the largest asset managers in the world since launching in 2014. The firm emphasizes investing in technology, offering a variety of exchange-traded funds (ETFs) centered around innovative…
What Happened To Ethereum After The Bitcoin Halving Four Years Ago?
Benzinga takes a look at how Ethereum (CRYPTO: ETH), the world’s second-biggest cryptocurrency, has performed following the last Bitcoin Halving. What Happened: The last Bitcoin halving occurred four years ago on May 11, 2020, when Bitcoin (CRYPTO: BTC) was trading…
Billionaire Mike Novogratz Sees ‘Great Setup’ For Bitcoin: ‘Call Me Crazy But…’
Billionaire Mike Novogratz, founder and CEO of Galaxy Digital, predicted Bitcoin (CRYPTO: BTC) and precious metals are poised for a surge, fueled by potential interest rate cuts. What Happened: In a tweet, Novogratz highlighted the lack of solid reasons for…
Why Bitcoin-Linked MicroStrategy Along With Adial Pharmaceuticals, Alpine Immune Sciences, Marin Software, And Tesla Are On Investors’ Radars Today
On Wednesday, key U.S. stock indexes closed lower, as the Dow Jones Industrial Average fell by 1.1% to 38,461.51, the S&P 500 dropped nearly 1% to 5,160.64, and the Nasdaq ended the day down by 0.8% at 16,170.36. These are…