Alexis Ohanian, co-founder of Reddit, has joined a bidding group led by Frank McCourt, the former owner of the Los Angeles Dodgers, to acquire TikTok’s U.S. operations. Ohanian’s vision is to transform the popular app by integrating it with blockchain technology. Specifically, he plans to use the Frequency blockchain, which allows users and creators to … Read more
A closely followed analyst says deep-pocketed investors are heavily loading up on two large-cap altcoins as the crypto market witnesses an abrupt spike in volatility. Trader Ali Martinez tells his 129,500 followers on the social media platform X that crypto whales snapped up about $2.16 billion worth of the payments altcoin XRP in just one … Read more
The United States has sanctioned Behrouz Parsarad, the founder and administrator of the darknet site Nemesis. Forty-nine crypto wallets belonging to Parsarad were sanctioned as well. Nemesis itself was shut down last year. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions on Parsrad and his wallets on allegations that Nemesis sold almost $30 … Read more
Port Newark Container Terminal on March 3, 2025 in Newark, New Jersey. Kena Betancur/View Press | Getty Images News | Getty Images Tariffs on Canada and Mexico took effect Tuesday — and they’re bound to raise prices for consumers, sometimes in unexpected ways, according to economists. Tariffs are a tax on foreign imports, paid by … Read more
The SEC’s new Crypto Task Force is launching roundtables to reshape crypto regulation, starting March 21, as enforcement cases drop and pro-innovation policies take hold. SEC’s Crypto Roundtables Signal Major Policy Shift The U.S. Securities and Exchange Commission (SEC) has announced a series of roundtables to explore key aspects of crypto asset regulation, with the … Read more
XAU/USD climbs to $2,918 as weak US data weighs on the US Dollar. US imposes 25% tariffs on Mexico and Canada, 10% on China, boosting Gold’s appeal. Atlanta Fed GDP Now model slashes Q1 2025 forecast to -2.8%, stoking recession fears. Traders eye ISM Services PMI, Initial Jobless Claims and Nonfarm Payrolls for further cues. … Read more
Solana’s upcoming protocol upgrades are set to significantly impact validator revenues, prompting debate about their potential long-term benefits. The proposed adjustments aim to balance staking rewards with inflation rates, featuring significant changes to how the network distributes revenue. According to VanEck’s Matthew Sigel, “these changes may reduce staking rewards, but we believe lowering inflation is … Read more
Coinbase, the largest cryptocurrency exchange in the United States, announced that it will list PancakeSwap, Brett (Based) and ai16z altcoins in futures. PancakeSwap (CAKE) is known as a decentralized exchange operating specifically on the Binance Smart Chain (BSC) network, and CAKE is the token that allows token holders to participate in the management of this … Read more
Coinbase filed a Freedom of Information Act (FOIA) request to seek information on the Securities and Exchange Commission (SEC)’s spending on enforcement actions against crypto firms during the Biden Administration. Coinbase Seeks Details On SEC’s Crypto War Cost On Monday, Paul Grewal, Coinbase’s Chief Legal Officer (CLO), announced that the company had submitted a FOIA … Read more
Hut 8 Corp. has reported $80.7 million in crypto-related revenue for 2024, driven by bitcoin mining and GPU-as-a-service operations. The company expanded its bitcoin reserve to 10,171 BTC and secured a $125 million partnership with Bitmain. Hut 8 Expands Bitcoin Mining and Digital Infrastructure with $125M Bitmain Deal Hut 8 Corp., a bitcoin mining and … Read more