A US federal judge in San Francisco has granted Anthropic’s request for temporary reprieve after the Pentagon’s designation of the company as a supply chain risk. In an order on Thursday, Judge Rita Lin of the District Court for the Northern District of California ordered a preliminary injunction against the Pentagon over the label. It…
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The net outflow of Bitcoin from exchanges over the past month suggests that investors have started to accumulate the cryptocurrency, according to a CryptoQuant analyst. March has been largely dominated by Bitcoin (BTC) outflows from crypto exchanges, aside from one spike in inflows just before the asset tapped a six-week high of $76,000 on March…
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Gemini is facing a proposed class-action lawsuit in New York for allegedly misleading investors during and after the crypto exchange’s September initial public offering. The lawsuit was filed on Thursday in Manhattan federal court by shareholders against Gemini, its co-founders Tyler and Cameron Winklevoss, and company executives. Plaintiff Marc Methvin alleges that the company’s IPO…
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Centralized crypto exchanges recorded a spike in Bitcoin hourly inflows on Monday as the crypto market rallied, with one analyst warning it could signal selling pressure. Hourly Bitcoin flows into exchanges spiked to 6,100 BTC on March 16, the highest since Feb. 20, reported head of research at CryptoQuant, Julio Moreno, on Tuesday. He added…
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There’s a new debate over whether a continued pivot from Bitcoin miners to artificial intelligence could have an impact on Bitcoin security and its role as a store of value. While some argue that miners fleeing the network would leave it more susceptible to a “51% attack,” others argue it will simply trigger the Bitcoin…
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Nearly three-quarters of all undersea fibre optic internet cables (which carry about 99% of international internet traffic) would need to fail to have a significant impact on Bitcoin, according to a study released earlier this year. In research first published in February and last revised on March 12, researchers Wenbin Wu and Alexander Neumueller from…
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Many Bitcoin miners are struggling to turn a profit this market cycle due to diminishing returns, so they may need to pivot to artificial intelligence hosting or put their holdings to work to generate yields, says market maker Wintermute. Wintermute said in a blog post on Thursday that Bitcoin (BTC) miners have spent years building…
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Bitcoin needs to make up just one-sixth of the global “store of value” market, currently dominated by gold, to reach $1 million per coin, argues Bitwise chief investment officer Matt Hougan. In a blog post on Tuesday, Hougan said that most dismiss the lofty forecast for Bitcoin, as it would require Bitcoin to muscle into…
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Oil prices fell while cryptocurrencies posted modest gains on Monday after US President Donald Trump told reporters that war with Iran could be coming to an end — even as he later ramped up the war rhetoric again on social media. In a phone interview with CBS News on Monday, Trump made it appear that…
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Australian crypto exchange BTC Markets has notified the country’s securities regulator, the Australian Securities and Investments Commission, of its intention to apply for a markets license to offer regulated tokenized real-world assets (RWAs). “Our plan is to obtain licensing infrastructure that enables particular types of tokenized assets to be offered and available to the public,”…
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