Category: News

U.S. Senate Moves Toward Action on Stablecoin Bill

The U.S. Senate may soon vote on legislation that would establish U.S. regulations for the issuers of stablecoins, also marking the first time the chamber has considered a major crypto bill. Senate Majority Leader John Thune, a South Dakota Republican, started the ball rolling to fast-track the Guiding and...
Read More

U.S. Government Begins to Sever Cambodia’s Huione Group from Financial System

The U.S. Treasury Department proposed cutting off the Cambodia-based Huione Group from the U.S. financial system, citing the cyber-crime help the illicit marketplace gives to North Korean hackers and other criminal groups. The Telegram-based operation has been a “critical node for laundering proceeds of cyber heists” and aiding in...
Read More

Crypto ‘decoupling’ story ends as stocks follow Bitcoin’s rally

Key takeaways: Despite weak US manufacturing data, Federal Reserve liquidity plans and strong corporate earnings keep equities and crypto afloat. The total crypto market capitalization rose 8.5% since March. Cryptocurrency traders have frequently zoomed in on the need for crypto to show a clear “decoupling” from the stock market,...
Read More

The crypto trends Animoca Brands is eyeing this year — Token2049

Animoca Brands is looking at trends in real-world tokenized assets, AI projects, and the gaming sector to invest in and develop, according to Omar Elissar, the company’s managing director for the Middle East and the head of Global Strategic Partnerships. In an interview with Cointelegraph’s Sam Bourgi at Token2049,...
Read More

Bitcoin Miner Riot Platforms Reports Q1 Results, Shares Slide

Riot Platforms Inc (NASDAQ:RIOT) reported first-quarter financial results after the market close on Thursday. Here’s a look at the key details from the report. Q1 Revenue: $161.4 million, versus estimates of $158.2 million Q1 EPS: Loss of 90 cents per share Total revenue was up from $79.3 million in...
Read More