CryptoNews

DOJ Seizes $84M From Tether-Linked Payment Processor Capstone

The largest stablecoin issuer would have been using the firm as a bridge to be able to hold bank accounts in the U.S. and settle payments to “hundreds of individuals and entities.” The DOJ seized $84 million from Capstone accounts at Wells Fargo and Morgan Chase. Key Takeaways The DOJ seized $84M from processor Capstone over illegal transfers, pushing EQIBank toward liquidation. Capstone…
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Binance-Owned Coinmarketcap Buys Coinglass as Data Debate Grows

Coinmarketcap has acquired crypto derivatives analytics platform Coinglass for an undisclosed sum, adding open interest, funding rates, liquidations, and options data to one of the industry’s largest market-data platforms. Coinglass will continue operating independently…
CryptoNews

Institutions See Bitcoin Like Gold but Invest in It Like Tech: Bitwise

Major institutional bitcoin investors “often” pair bitcoin with gold, but they still largely keep it in a technology bucket alongside other crypto assets, a survey of 15 large institutions by BTC ETF sponsor and manager Bitwise Asset Management showed. Key Takeaways Bitwise found that institutions view bitcoin as both digital gold and a technology investment. Most surveyed institutions that…
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Shielded Bitcoin Proposal Aims to Bring Privacy to Bitcoin L1

A New York cryptography lab has proposed Zcash-style private transfers on Bitcoin without changing Bitcoin itself. Published on Thursday by [[alloc] init], Shielded Bitcoin would hide amounts and counterparties without a soft fork, separate blockchain, federation or trusted…
CryptoNews

‘AI Will Take Everyone’s Jobs’: Why Bitcoin Bull Tim Draper Is Hiring More

AI could take your job, Tim Draper warns, but his team is still growing as it adopts the technology. The venture capitalist and outspoken bitcoin bull argues that workers who use AI will gain an advantage, and that new roles will emerge. Key Takeaways Draper says his team is growing as it adopts AI. He claims the team can accomplish 10 times more with the technology. Labor research points to both…
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XRP Tops $1.60 as 1,917 Whale Transactions Hit Monthly High

XRP crossed $1.60 for the first time since Feb. 4 as Santiment counted 1,917 large transactions and 3,647 new wallets. The activity points to heightened interest, though the transaction count alone cannot establish whether whales bought or sold. Key Takeaways XRP rose above $1.60 for the first time since Feb. 4. Santiment counted 1,917 XRP transactions worth at least $100,000. The XRP Ledger…
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