Month: May 2024
Theory of Constraints
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Tether nets record $4.52 billion profit in Q1 2024 — majority from Bitcoin and gold
The majority, or $3.52 billion of the profit, stemmed from the firm’s financial gains on Bitcoin and gold, while the additional $1 billion came from operating profits.
The LaserDisc
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First Mover Americas: Bitcoin Sinks Below $58K in Run-Up to Fed Decision
The latest price moves in bitcoin (BTC) and crypto markets in context for May 1, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Losses from crypto hacks plunge 67% in April to $60 million
The amount stolen through crypto hacks, along with the number of successful attacks, has seen a sharp decline in April.
‘SpaceY’ Game Guide: 7 Tips to Earn More Bitcoin on iOS and Android
Mine asteroids, earn Bitcoin. Here’s how to stack up more satoshis while playing the fun mobile game SpaceY.
Restaking ‘Gold Rush’ Spreads to Solana From Ethereum, With Jito and Others Joining In
Restaking has taken hold of the Ethereum ecosystem. With Jito and a handful of other companies building for Solana, can the trend spread?
Citigroup’s VC arm invests in API security startup Traceable
In 2017, Jyoti Bansal co-founded San Francisco-based security company Traceable alongside Sanjay Nagaraj, a former investor. With Traceable, Bansal — who previously co-launched app performance management startup AppDynamics, acquired by Cisco in 2017 — sought to build a platform to protect customers’ APIs from cyberattacks. Attacks on APIs — the sets of protocols that establish … Read more
Silicon Valley is enamored with a company that pumps poop underground
Wastewater pipes at a reclamation plant in California on Wednesday, August 4, 2021. | Getty Images aBig brands are paying startup Vaulted Deep $58.3 million to shoot poop and other organic waste products into underground wells as a way to fight climate change. The deal was brokered by a group called Frontier Climate, which Stripe, … Read more
I have some questions about what Changpeng Zhao gave to the feds
Illustration by Cath Virginia / The Verge | Photos from Getty Images There are a lot of differences between Changpeng Zhao and Sam Bankman-Fried, and now we can add one more to the list: the amount of time they’ll serve for their crimes. Bankman-Fried got 25 years; Zhao got four months. There’s more. Zhao appeared … Read more
Chicago-based Hyde Park Venture Partners closes $98M Fund IV with two investments made so far
Hyde Park Venture Partners is known for having visibility into more than 90% of mid-continent startups and being early backers of companies like ShipBob, FourKites, G2, LogicGate and Dentologie. © 2024 TechCrunch. All rights reserved. For personal use only.
Chainlink to join Rapid Addition in building blockchain adapter for institutions
Chainlink Labs’ Vince Turcotte told Cointelegraph that they expect digitally-native institutions to be the first to adopt the integration.
The reasons Bitcoin price is down 11% since the halving
Bitcoin’s current price action is “hardly a surprise” given the extraordinary bullish action leading up to the fourth halving.
TikTok seems to be dodging App Store commissions in Epic fashion
It’s unclear how many TikTok users are being prompted in-app to visit its website for cheaper TikTok Coins. | The Verge TikTok appears to be probing App Store rules that require it to pay the “Apple tax” on in-app purchases. According to Sendit app co-founder David Tesler, some TikTok users are being directed to purchase … Read more
Crypto Was One of the Biggest Money Laundering Risks in 2022-2023: UK Gov Report
Between 2022 and 2023 Crypto alongside retail banking, wholesale banking and wealth management posed the greatest risk of being exploited for money laundering, a report by the U.K. Treasury department showed.
Extradition papers ready for Binance’s Anjarwalla, says INTERPOL Africa
The Interpol official did not confirm that Anjarwalla is currently held in Kenya but noted that the fleeing crypto executive was last seen in the country.
Curve Finance awards dev $250k for finding reentrancy vulnerability
Curve Finance awarded cybersecurity researcher Marco Croc with its maximum bug bounty award of $250,000 after thoroughly investigating the security flaw.
Pike Finance exploited for $1.6M in second incident in 3 days
A smart contract vulnerability led to nearly $2 million worth of lost funds within three days on Pike Finance, which is offering a 20% reward for the stolen assets.