EU watchdogs scrutinizing OKX over $100M in Bybit laundered funds: Report
European Union regulators are reportedly looking into a service offered by crypto exchange OKX that may have played a role in the laundering of $100 million in funds from the Bybit hack, according to Bloomberg. A March 11 Bloomberg report citing people familiar with the matter claims that national watchdogs from the EU’s member states […]
Bitwise launches Bitcoin corporate treasury ETF
Bitwise has launched an exchange-traded fund (ETF) holding stocks of companies with large Bitcoin (BTC) treasuries, the asset manager said on March 11. The Bitwise Bitcoin Standard Corporations ETF (OWNB) “seeks to track the Bitwise Bitcoin Standard Corporations Index, a new equity index of companies with at least 1,000 bitcoin in their corporate treasuries,” Bitwise […]
4 signs that $76.7K Bitcoin is probably the ultimate low
Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, following a 6% weekly decline in the S&P 500 index. The stock market correction pushed the index to its lowest level in six months as investors priced in higher odds of a global economic downturn. Despite Bitcoin’s 30% drop from its all-time high […]
Coinbase plans India comeback with FIU registration
Cryptocurrency exchange Coinbase is one step closer to relaunching its services in India after securing a license with the country’s Financial Intelligence Unit (FIU). On March 11, the crypto exchange revealed on social media that “we’re approved to launch in India,” which prompted a follow-up from Coinbase’s chief legal officer, Paul Grewal. “Coinbase is now […]
CoreWeave strikes $11.9B deal with OpenAI to deliver AI infrastructure
CoreWeave announced on March 11 that it had struck a five-year deal worth up to $11.9 billion with OpenAI, the nonprofit research and development company that created ChatGPT. Through the deal, OpenAI will become an investor in CoreWeave through the issuance of $350 million of stock, while CoreWeave will deliver AI infrastructure. The deal comes […]
Cointelegraph launches Gaming.News: A fresh take on gaming media
Cointelegraph is expanding its presence into the gaming space with the launch of Gaming.News, the next-gen gaming platform built for players, fans and industry enthusiasts. Gaming.News provides comprehensive coverage of the gaming world, offering the latest news and reviews about video games, hardware, eSports and mobile. While operating as a separate brand with its own […]
Cantor Fitzgerald taps Anchorage Digital, Copper as Bitcoin custodians
Investment banking firm Cantor Fitzgerald has selected Anchorage Digital and Copper as its Bitcoin custodians and collateral managers as it launches its new digital asset financing business targeting institutional investors. In a March 11 announcement, Cantor Fitzgerald said it is rolling out its Bitcoin (BTC) financing business with $2 billion in initial capital to help […]
THORChain at crossroads: Decentralization clashes with illicit activity
THORChain has been called a money laundering protocol — a label no decentralized finance (DeFi) project wants unless it’s prepared to have regulators breathing down its neck. Its supporters have fended off the criticism by championing decentralization, while its critics point to recent activities that showed some of the protocol’s centralized tendencies. After exploiting Bybit […]
Centralized data infrastructure violates Web3’s core of decentralization
Opinion by: Michael O’Rourke, founder of Pocket Network and CEO of Grove Open data is currently a major contributor toward building a global emerging tech economy, with an estimated market of over $350 billion. Open data sources often rely, however, on centralized infrastructure, contrary to the philosophy of autonomy and censorship resistance. To realize its […]
Paxos CEO urges US lawmakers to set cross-border stablecoin regulation
US lawmakers are set for a heated debate on stablecoin regulation, with key industry leaders expected to outline their vision for the future of digital asset oversight. Charles Cascarilla, co-founder and CEO of stablecoin issuer Paxos, is scheduled to testify before the House Financial Services Committee, where he will urge lawmakers to establish “cross-jurisdictional reciprocity” […]