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Following a calm week, there were more regulatory actions, especially in the United States. Meanwhile, more hacks and rug-pull spilled over from the previous week. The buzz surrounding meme coins, fueled by the success of PEPE, created an opening for malicious actors who sought to exploit investor enthusiasm. Crypto mining regulations On
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Amid BTC's big rally, the company's impairment loss narrowed to $18.9 million in the first quarter from $197.6 million in the fourth quarter. Source
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In this week’s Q1 tech earnings reports, investors look for signs of staying power amid a recession-threatened economy. Tech earnings will make up a significant portion of corporate Q1 earnings this week, in the second week of quarterly reports. Investors will be paying close attention to Amazon (NASDAQ: AMZN), Microsoft (NASDAQ:
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Federal prosecutors also took time at Thursday's hearing to discuss their progress reviewing the contents of seven electronic devices produced by Bankman-Fried. Prosecutors told the judge the process was going slower than expected due to the size of the devices and the amount of information. So far, approximately 6 million
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In a statement, SEC Director of Enforcement Gurbir Grewal said, "we allege that this was fraud, pure and simple: while on the one hand FTX touted its supposed effective risk mitigation measures to investors, on the other Mr. Singh and his co-defendants were stealing customer funds using software code Mr.
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Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain at the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors' hope for a soft landing and the
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Speaking on the earnings call, Executive Chairman Michael Saylor said that though bitcoin has gone through a very rough stretch, the performance of MicroStrategy stock since the company began buying bitcoin in August 2020 is better than the major indices and mega-cap tech monopolies Google, Apple, Microsoft, and Amazon. Source
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Social media giant Twitter appears set to impose a charge for accessing its API amid broader monetization plans.Recent reports show that Twitter will start drawing a charge from developers for accessing its Application Programming Interface (API). This development comes as the social media platform’s owner Elon Musk seeks to improve monetization.Twitter said the charge comes
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The U.S. Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC), and the Department of Justice (DOJ) have charged an alleged attacker who stole $116 million from crypto trading platform Mango Markets. The defendant has been arrested and is currently detained in Puerto Rico. Mango Markets Manipulator Arrested, Detained The
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