Month: March 2025

US court gives Three Arrows nod to increase its FTX claim to $1.53B

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A US bankruptcy court has authorized liquidators of defunct crypto hedge fund Three Arrows Capital (3AC) to increase their claim against collapsed crypto exchange FTX from $120 million to $1.53 billion. Chief Judge John Dorsey rejected FTX’s debtors’ argument that the amended proof of claim (POC) from 3AC liquidators was untimely and an unjust attempt … Read more

AI’s Lead Over Crypto for VC Dollars Increased in Q1’25, But Does This Race Really Matter?

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Crypto venture funding in the U.S. clocked in at approximately $861 million for the first three months of 2025, but was dwarfed by artificial intelligence’s nearly $20 billion haul, according to data provided by Pitchbook, showing how investors continue to show preference to AI. Data shows that investors closed 795 deals in the U.S in … Read more

Association seeks to overturn Arkansas law aimed at foreign crypto miners

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The Arkansas Cryptomining Association is suing two Arkansas state officials, arguing that they enforced an unconstitutional and discriminatory state rule prohibiting foreign-born American citizens from engaging in crypto-mining activities, among other things. The complaint was made against Arkansas Attorney General Tim Griffin and the director of the Arkansas Oil and Gas Commission, Lawrence Bengal, on … Read more

Court says Bitcoin mining host can’t block tenant access to its rigs

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A Delaware court has granted a temporary reprieve to a Pennsylvanian Bitcoin mining firm currently in a payment dispute with its hosting company — barring the hosting provider from blocking access and otherwise commandeering the miner’s 21,000 rigs at the property.  Vice Chancellor Morgan Zurn granted a temporary restraining order on March 12, requested by Bitcoin … Read more

Waymo was slapped with nearly 600 parking tickets last year in SF alone

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Waymo now has more than 300 driverless vehicles zipping passengers around San Francisco, but while they follow traffic laws, parking is another matter entirely. According to city records cited by the Washington Post, these rolling robots racked up 589 citations totaling $65,065 in fines last year for parking violations that ranged from blocking traffic to … Read more

Democrat lawmaker urges Treasury to cease Trump’s Bitcoin reserve plans

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A Democrat lawmaker has called on the US Treasury to “cease all attempts” to create a strategic crypto reserve in the United States, citing conflicts of interest with US President Donald Trump and arguing that a stockpile would not benefit the American people. House Representative Gerald E. Connolly of Michigan criticized the “cryptocurrency reserve” in … Read more

Solana proposal to cut inflation rate by up to 80% fails to pass

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A proposal to dramatically change Solana’s inflation system has been rejected by stakeholders but is being hailed as a victory for the network’s governance process. “Even though our proposal was technically defeated by the vote, this was a major victory for the Solana ecosystem and its governance process,” commented Multicoin Capital co-founder Tushar Jain on … Read more