Solana soars 19% thanks to an AI memecoin frenzy
Solana, the third most popular blockchain, has been on a tear the past few weeks thanks to AI memecoins, a new niche in crypto that blends artificial intelligence and cryptocurrencies…
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Finance News
Microsoft tells shareholders to reject call to invest corporate cash in Bitcoin
As the year comes to an end, Microsoft plans to hold its annual shareholder meeting on December 10th. On this year’s list of “voting items” for shareholders is a proposal…
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Tether blasts report that stablecoin giant is under investigation for money laundering, sanctions violations
As the U.S. government mounted its bruising legal campaign against the crypto industry over the past two years, one company has evaded charges: Tether, the firm behind the eponymous stablecoin…
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PayPal veteran David Marcus has bold ambitions for his $175 million Bitcoin startup Lightspark—but says it might take the rest of his life
David Marcus is used to building great things. In 1996, at age 23, he founded a successful company and went on to sell another one for $240 million to eBay…
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Exclusive: Prediction market Kalshi launches crypto deposits as Trump maintains big lead on betting sites
As traders pour hundreds of millions of dollars into presidential betting markets, the leading U.S. prediction platform Kalshi is launching crypto deposits—where users can fund their bets in the form…
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Trump’s crypto project plans to launch its own U.S.-dollar-backed stablecoin: Report
World Liberty Financial, former president Donald Trump’s crypto venture, launched its native token earlier this month, and now is reportedly planning something more ambitious: its own stablecoin, which can serve…
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Ethereum giant Consensys slashes workforce by 20% as CEO blames ‘abuse of power’ by SEC
Consensys, the maker of the popular MetaMask crypto wallet, is cutting over 160 employees across all divisions of the company. Founder and CEO Joe Lubin announced the news in a…
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Inside Dubai’s risky bid to become the world’s crypto hub
In April, the leading crypto exchange Binance announced that it had received approval to operate in Dubai, the biggest and wealthiest city in the United Arab Emirates. The license was…
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Exclusive: Election betting site Polymarket gives Trump a 67% chance of winning but is rife with fake ‘wash’ trading, researchers say
The prediction market Polymarket has skyrocketed into mainstream consciousness during the 2024 U.S. elections, with the platform reporting that users have placed $2.7 billion in bets over whether Donald Trump…
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Bitcoin teases all-time high days from presidential election
Bitcoin has surged over 8% this week, coming within a few dollars of its record high on Tuesday. The original cryptocurrency pushed past $73,000 before paring gains on Wednesday as…
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