Jim Chanos, the veteran investor who made his name shorting Enron, is betting on bitcoin (BTC) trade while shorting Strategy (MSTR), the largest corporate holder of the biggest cryptocurrency. In an interview at the Sohn Investment Conference in New York with CNBC, Chanos detailed the bet. “We’re selling MicroStrategy stock and buying bitcoin,” Chanos said, … Read more
Revenue is the number everyone talks about. It’s loud, it’s shiny, it’s easy to point to. But I’ve been around enough products to know it doesn’t tell the whole story. Your app or SaaS platform might be pulling in big bucks, but if users are slipping away or just not feeling it, you’re in trouble … Read more
The special Startups of The Year 2024 Winners Interview series is a celebration of all this year’s Tech Champions. You’ve earned it! The HackerNoon community can’t wait to learn more about your journey! https://hackernoon.com/startups/industry/art?embedable=true Tell us about you. Meliorar is a design agency serving innovative startups and medium-sized businesses across Europe and the MENA region. … Read more
Remote work is changing the way companies operate in the global market. Some companies still do not want to hire people from other countries because of cultural differences, time zone differences, or legal concerns. Others claim that tools and services supporting global collaboration have greatly improved communication and productivity of their teams. Still, organizations that … Read more
CoreWeave’s Q1 revenue surged fivefold to $981M, but widening losses and $23B in projected spending raise concerns over profitability.
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The GB-001 is a modern take on the classic ‘80s boombox with features like Bluetooth and a rechargeable battery. | Image: We Are Rewind We Are Rewind, a Paris-based company that has relaunched the cassette player with modern features like support for wireless headphones and rechargeable batteries, has announced a larger boombox version. Streamlining the … Read more
Major tokens such as dogecoin (DOGE), cardano (ADA), and solana (SOL) slipped more than 5% in the past 24 hours as traders moved to lock in some profits after a strong week-long rally. The broader crypto market surged alongside risk assets last week, fueled by macroeconomic tailwinds and renewed investor optimism, but signs are emerging … Read more
Several investors in a non-fungible token (NFT) project, Hashling NFT, have accused its founder of misappropriating millions of dollars in profits from the project and a closely tied Bitcoin mining operation. According to the May 14 court filing in Illinois, the plaintiffs allege that their former business partner, Jonathan Mills, lied about transferring assets from … Read more
A Singapore High Court has ruled in favor of Sonic Labs’ motion to force the Multichain Foundation to wind up in an effort to recover funds stolen during a 2023 hack. In the May 9 judgment in the Singapore Supreme Court, Justice Kwek Mean Luck granted a request from Sonic Labs, formerly the Fantom Foundation, … Read more
MoonPay has tapped Mastercard to launch global stablecoin card services, expanding the card giant’s crypto push amid competition with Visa.
The US Senate could pass a key bipartisan stablecoin bill as soon as next week after removing language targeting President Donald Trump and his family’s sprawling crypto interests. Republican Senator Cynthia Lummis said onstage at an event by Coinbase’s lobbying arm, Stand With Crypto, that she thinks it’s a “fair target” to have the Guiding … Read more
A major Chinese darknet marketplace suspected of facilitating crypto scams and cybercrime has been shut down by the Telegram messaging service, upon which it operated. The internet’s largest illicit marketplace, Haowang Guarantee, formerly Huione Guarantee, said it will shut down following Telegram’s ban of thousands of associated accounts on May 13. “Since all our NFTs, … Read more
If signed by the Governor, Nebraska’s bill would take effect this October, regulating crypto miners using over 1 MW of electricity.
Some criminal organizations are yet to receive the memo — crypto is traceable — and could explain the recent string of crypto-related kidnappings, says Chainalysis CEO Jonathan Levin. Law enforcement has been increasingly successful at tracing stolen funds and crypto ransom payments, resulting in a “lot of arrests,” Levin said during the 2025 Consensus crypto … Read more
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Caroline Pham, the acting chairman of the U.S. Commodity Futures and Trading Commission, has openly discussed an intention to leave the commission once she’s permanently replaced, people familiar with her plans have said, leaving significant questions about the future track of agency policy. If President Donald Trump’s nominee for the chairmanship, former Commissioner Brian Quintenz, … Read more
Coinbase CEO Brian Armstrong says his firm will continue to look for merger and acquisition opportunities after acquiring crypto derivatives platform Deribit. “We are always looking at M&A opportunities,” said Armstrong on Bloomberg Television on May 14. He added that the firm has a large balance sheet that can be put to use. The firm … Read more
The Ethereum Foundation has launched a three-phase initiative to strengthen network security and support broader onchain adoption.
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European law enforcement in January arrested 17 suspects of a “mafia crypto bank” who are said to have laundered over 21 million euros ($23.5 million) in crypto for criminal entities in China and the Middle East. The money laundering services were allegedly carried out on behalf of other criminal networks engaged in migrant smuggling and … Read more
US Democrat lawmakers have sent a letter to the US Treasury demanding access to suspicious activity reports (SARs) on several Trump-backed crypto projects as part of the latest probe into the president’s digital ventures. Penned by representatives Gerald Connolly, Joseph Morelle, and Jamie Raskin, the May 14 letter asks Treasury Secretary Scott Bessent for all … Read more