Crypto news
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a16z Drops Crypto From Its Name, Widens Bets to AI and Frontier Tech
Andreessen Horowitz is renaming its crypto fund a16z Frontier and widening its scope to AI, autonomous machines and biology, saying the line between crypto and everyday tech has blurred.
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Winklevoss PAC moves into Texas Senate race with $81K ad buy
While crypto-aligned PACs have stepped up spending in Ohio, a committee launched by the co-founders of crypto exchange Gemini made one of its first forays into the Lone Star State.
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JPMorgan says crypto regulatory moves partly offset Clarity Act failure, but risks remain
JPMorgan said actions by U.S. regulators partly offset the Clarity Act setback, but longer-lasting rules are still needed.
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Meta Creates Non-Voting Stock to Fund AI Buildout, Keeping Zuckerberg in Control
Meta will hand shareholders a free non-voting share for every share they own in January, giving it a way to raise equity for AI spending without diluting Zuckerberg's 60.6% vote.
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Blockchain Association pushes for crypto tax clarity as broader bill stalls
As progress stalls on a crypto bill, the Blockchain Association is urging Congress to pass legislation to resolve uncertainty around taxes.
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Coinbase Fined Again in Ireland, This Time $3.6M Over Fund Safeguarding
The Central Bank of Ireland penalized Coinbase Ireland €3,252,618 for leaning too heavily on its U.S. parent and leaving its safeguarding account underfunded—its second hit to the exchange’s European arm in the last year.
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China Moves to Confiscate $5 Billion in Bitcoin From Fraudster Who Fled to UK: Report
Bitcoin Magazine China Moves to Confiscate $5 Billion in Bitcoin From Fraudster Who Fled to UK: Report Chinese authorities are working to seize nearly 62,000 bitcoins — worth around $5 billion at today's prices — linked to one of the country's largest-ever fraud cases. Prosecutors allege that Qian...
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A16z is the latest VC giant to widen bets beyond crypto and into AI and emerging tech
The venture investor behind early bets on Coinbase, Solana and Uniswap said is broadening its focus, joining other crypto investment firms looking beyond blockchain to artificial intelligence and tech themes.
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Securitize shares slide 38% since it put Apple and Nvidia stock on Solana
Shares in Securitize have fallen sharply in the two weeks since the tokenisation firm began offering blockchain versions of Apple, Nvidia and Tesla stock. SECZ was trading at $7.81 at 1:13pm ET on Thursday, down 15% on the day, according to Yahoo Finance data . That is 38% below its $12.66 close on...
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JPMorgan Brings MONY and JLTXX Tokenized Funds to Solana
Qualified US investors can use Morgan Money to access both a private-placement fund and a registered government fund designed for stablecoin reserves.... Read the full story at The Defiant
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Tether-Backed Utexo Sets November 28 Launch for Bridged USDT on Bitcoin
Professional operators can now test the RGB-based token on Bitcoin Signet. Its backing will sit in USDT0 locked on Arbitrum.... Read the full story at The Defiant
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Tesla's Profit Drops 43% as Musk Starts Building Robots and Plans to Sell Driverless Cabs
Tesla earned $787 million last quarter, down from $1.37 billion, as spending on robots and self-driving cars soared. Optimus is in production, and Tesla aims to get Cybercabs to customers by year-end.
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US Treasury bonds on track for biggest rally since February
As oil prices, military conflicts, and inflation weigh down on the world’s economies, owners of US Treasury bonds are benefitting from capital flight to their safe haven. They're on track to have their best month of the year. Currently up 4.5% excluding dividends with just six trading days before...
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Oil Climbs Above $111 as AI Stocks Slide, Dragging the S&P 500 and Global Markets With Them
Brent crude hit a five-month high while Nvidia, Meta and chip stocks fell, pulling Asia's benchmark indexes down by up to 3.5% a week after South Korea's Kospi plunged 7.57%.
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Pump.fun Adds Take-Profit and Stop-Loss Orders for EVM Trades
The rollout extends tools available on Solana since September to Robinhood, BSC, Base, HyperEVM, Arc and Ink.... Read the full story at The Defiant
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Underdog taps zerohash to bring crypto deposits to prediction markets
The new funding option, expected to launch later this year, will allow eligible Underdog users to deposit digital assets around the clock.
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Lightning Labs Urges Immediate Updates Over Certificate Vulnerability
New binaries block trust in compromised eMudhra certificate keys. Updating Go on a host alone does not patch software already installed.... Read the full story at The Defiant
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Norwegians are losing their gold after being persuaded to leave it in the woods
Norwegians are falling victim to a scam in which they're induced to purchase gold and then leave it in forests or public parks. The scam, according to Finans Norge, involves the scammers persuading their victims to purchase gold that they promise to keep safe on their behalf. According to an ABC...
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Bitcoin hashrate hits seven-month high as AI shift fails to ease mining competition
According to BlocksBridge, Bitcoin’s mining difficulty is rising despite the industry’s AI transition, with smaller operators potentially absorbing equipment abandoned by larger competitors.
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Irish cenbank fines Coinbase arm $3.6M for oversight, safeguard failures
According to the Central Bank of Ireland, Coinbase Ireland had agreed with the facts around the enforcement action and will be subject to fines and sanctions upon approval by a high court.
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Bitcoin Falls 3.7% to Test $81,500 ETF Cost Basis
Glassnode’s estimated ETF holding cost, last dated Oct. 19, has acted as support in October after capping bitcoin’s May rally.... Read the full story at The Defiant
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Bitcoin ETFs Erase October Losses With $1 Billion in Three Days
Spot Bitcoin ETFs have drawn about $1.07 billion over three sessions, pushing October flows to a gain of roughly $460 million, even as Bitcoin and Ethereum prices slipped.
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Utexo Opens Utexo Mint Early Access for USDT on Bitcoin Ahead of November 28 Launch
Bitcoin Magazine Utexo Opens Utexo Mint Early Access for USDT on Bitcoin Ahead of November 28 Launch Professional operators can now test USDT on Bitcoin and get their integrations ready for November’s public launch. Utexo has opened Utexo Mint, its dedicated platform for professional operators...
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Bitcoin circles $81.5K ETF cost basis as Trump Iran comments send stocks lower
Bitcoin extended daily losses to 3% as US stocks came under pressure from President Donald Trump’s comments on Iran military action.
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Bitcoin Slides Towards $81,000 as Oil Above $110 Revives Rate-Hike Bets
Bitcoin Magazine Bitcoin Slides Towards $81,000 as Oil Above $110 Revives Rate-Hike Bets Bitcoin’s price on Thursday slid — erasing the gains it made earlier in the week — after oil prices jumped. The largest cryptocurrency was down by nearly 4% over a 24-hour period on Thursday in New York,...
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What Is a Neocloud? The GPU Clouds Powering the AI Boom
Neoclouds like CoreWeave and Nebius rent Nvidia GPUs to AI labs, and several started out mining crypto. Here's how the AI cloud model works.
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Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures
When Silvergate was on the verge of collapse in 2023, Coinbase instructed 30 customers to deposit funds into an alternate account held by Coinbase at another U.S. bank.
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Robinhood Wins Dubai License to Bring Bitcoin and Stock Trading to the Middle East in 2027
Bitcoin Magazine Robinhood Wins Dubai License to Bring Bitcoin and Stock Trading to the Middle East in 2027 Robinhood Markets has received authorization from the Dubai Financial Services Authority (DFSA) to offer retail trading and custody across 10 asset classes, including bitcoin and other...
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Crypto exchange CoinDCX ‘lying’ about $16M hack, say blockchain investigators
On Thursday morning, blockchain investigator “Darcy” flagged suspicious movements totalling $16 million on addresses suspected to be associated with crypto exchange CoinDCX. Shortly afterwards, CoinDCX co-founder Sumit Gupta thanked the researcher, who works for security firm Salus, but insisted...
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Major Banks Find Rogue AI Agents Inside Customer Accounts—And They’re 'Horrified'
Major banks including Morgan Stanley, JPMorgan, Bank of America, and Citi are moving to restrict third-party AI agents that log in with customers’ credentials.