A U.K. High Court judge allowed a lawsuit over the alleged theft of more than 2,323 bitcoin to move forward last week, in a case that highlights how the country’s legal system is still adapting traditional property law to cryptocurrency. U.K. resident Ping Fai Yuen claimed in court filings in last week that his estranged…
Artificial intelligence-linked cryptocurrencies extended their surge Monday after Nvidia CEO Jensen Huang laid out the company’s vision for the next phase of AI infrastructure during his keynote at Nvidia’s GTC developer conference. Among the big movers were AI-focused blockchain NEAR$1.3785, climbing more than 10% over the past 24 hours, reaching its strongest level since late…
Ethereum’s ether (ETH) is stealing the spotlight in Monday’s crypto rally, climbing to a six-week high as investor demand show signs of return to the second-largest digital asset after months of bruising declines. Ethereum’s native token, ETH, rose to above $2,300, gaining more than 10% over the past 24 hours. That easily outpaced bitcoin’s 3%…
T. Rowe Price has filed to hold a broad set of digital assets in its new exchange-traded fund (ETF), including bitcoin, ether, dogecoin, and shiba inu. The asset manager, which has $1.8 trillion in assets under management, filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), offering new details about…
Institutional investors may be proving more resilient bitcoin holders than critics expected, according to Bitwise CIO Matt Hougan, who says ETF flow data suggests professional investors have largely held onto their positions during the crypto market’s steep decline. “The best evidence we have is in the ETF market,” Hougan said. “Bitcoin ETFs accumulated roughly $60…
The Ethereum Foundation’s new mandate — a sweeping document released Friday to clarify the organization’s role and principles — sparked a torrent of reactions, with supporters praising it as a long-overdue articulation of the blockchain’s ethos and critics saying it reinforces the foundation’s hands-off approach at a time when Ethereum needs stronger leadership to meet…
Shares of stablecoin issuer Circle (CRCL) have surged more than 100% over the past month, turning what many investors once viewed as one of the most conservative corners of crypto into one of the market’s hottest trades. The rally gained momentum Monday, with the stock climbing another 8% to $124.37, outpacing other crypto-linked equities. Meanwhile,…
Cryptocurrencies started the week on a strong footing with bitcoin BTC$73,363.11 surging above $74,000 and U.S. equities bounced as oil prices eased. In morning U.S. trade, BTC hit its strongest price since early February at $74,500, up 3.9% over the past 24 hours. The largest crypto broke out of its six-week range, boosting sentiment across…
Bitcoin’s BTC$74,246.35 recent strength during geopolitical uncertainty reflects a fundamental shift in the asset’s ownership structure, according to Wall Street broker Bernstein. The cryptocurrency climbed roughly 7% last week, with ether (ETH) gaining about 9%, outperforming gold and global equity indices as markets reacted to escalating global conflict. The broker said the performance highlights how…
Japanese bitcoin treasury firm Metaplanet (3350) said it raised about 40.8 billion yen ($255 million) from global institutional investors through a placement of new shares, part of a financing structure that could provide up to $531 million in total capital to support its bitcoin accumulation strategy. The Tokyo-listed company priced the new shares at a…
