Crypto

President Donald Trump said U.S. officials were looking into Binance’s $6.3 billion hack and acknowledged the exchange’s recovery assurances. The FBI subsequently attributed the theft to North Korea and warned of further laundering. Key Takeaways Trump addressed the hack before the FBI attributed it to North Korea. North Korean actors converted stolen assets into ether, the bureau…

Venture capital giant Andreessen Horowitz (a16z), Uniswap Labs, and the DeFi Education Fund are urging Illinois regulators to overhaul proposed cryptocurrency tax regulations, warning that the rules could effectively prohibit decentralized finance (DeFi) activity in the state while exposing users to serious security risks. Key Takeaways A16z, Uniswap Labs, and the DeFi Education Fund warn that…

Tim Draper warned that businesses could eventually reject dollars in favor of bitcoin, triggering bank runs as demand for fiat currencies erodes. His comments echoed the adoption argument behind his longstanding $250,000 bitcoin forecast. Key Takeaways Draper predicted businesses would eventually accept only bitcoin. His $250,000 target dates to 2018 and has missed earlier deadlines. Square…

Three bitcoin investors have thrown down $1 million challenges to Jason Calacanis after he declared the cryptocurrency would never reclaim its record high. One offered a decade-long wager, the other just two years, but Calacanis wants a shorter contest. Adding to the stakes, Hollywood producer and bitcoin educator Terence Michael entered the fray. Key Takeaways Jason Calacanis’ bleak bitcoin…