A four-star U.S. Navy admiral has told Congress the military is running a live node on the Bitcoin network and testing it for national security purposes. Admiral Samuel Paparo, commander of U.S.-Indo-Pacific Command (INDOPACOM), made the disclosure at a House Armed Services Committee hearing on Wednesday, a day after telling the Senate Armed Services Committee…
Sam Bankman-Fried, founder of collapsed crypto exchange FTX, has withdrawn his request for a retrial over doubt he would get a fair hearing in a letter to the judge overseeing his case. Bankman-Fried, who is serving a 25-year sentence after being convicted on seven counts of fraud and conspiracy tied to FTX’s 2022 collapse, said…
Cryptocurrency venture capital company Blockchain Capital is raising $700 million for two new funds, Bloomberg reported on Thursday. The San Francisco-based firm is raising for its seventh early-stage fund and second growth fund, which are expected to be completed in the next five to six months, according to the report, citing a person familiar with…
It’s no surprise that there’s a general pivot from blockchain to artificial intelligence right now. Every week brings another report of a company or person either leaving the cryptocurrency industry entirely or adding artificial intelligence to their portfolios. Bitcoin miners are moving away from mining to increasingly focus on AI infrastructure and venture capital firms…
A 5% stake in AI coding startup Cursor that FTX’s bankruptcy estate sold for $200,000 in April 2023 would be worth about $3 billion today, following SpaceX’s agreement this week to acquire the company at a $60 billion valuation. SpaceX said Monday it has the right to buy Cursor later this year for $60 billion…
A key indicator tracking the overall health of the bitcoin BTC$78,241.64 market has just flashed a neutral signal for the first time since prices peaked above $126,000, signaling that the bear market may have ended. But here’s the catch: The neutral reading on the indicator turned out to be a false signal a few years…
Bitcoin BTC$77,926.88 has pulled back slightly after briefly approaching the $80,000 mark on Tuesday. At the time of writing, it was trading at $77,794, still up 0.4% over the past 24 hours, after hitting a peak of $79,388 before gradually easing lower during the overnight session. The 24-hour low of $77,464 was set Thursday morning,…
Ten months ago, Eric Trump was posting on X about how much he loved Justin Sun. This week, he’s likening a lawsuit from Sun to the infamous $6 million duct-taped banana. Sun filed a complaint Monday in the Northern District of California, accusing World Liberty Financial of illegally freezing roughly four billion $WLFI tokens worth…
Bitcoin BTC$77,900.34 climbed above $79,000 on Wednesday, hitting its strongest level since early February as a long-awaited breakout attempt gathered momentum. The largest crypto rose 4.5% over the past 24 hours, leading major altcoins ether (ETH), BNB BNB$634.93, Solana (SOL) and XRP higher. The broad-market CoinDesk 20 Index advanced 3.5%. Crypto-linked stocks also rose. Strategy…
American Bitcoin (ABTC), a mining and treasury firm tied to the family of U.S. President Donald Trump announced on Wednesday it had added nearly 11,300 bitcoin mining rigs at its Drumheller site. The news caused its share price to rise by about 12% to $1.38. The firm said the miners were fully deployed at its…
