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News
Wall Street is making it easier for bitcoin whales to ditch self-custody
2+ week, 4+ day ago (211+ words) BlackRock has made it a lot cheaper for bitcoin whales to swap self-custody for shares in its Nasdaq-listed spot BTC ETF, IBIT, a shift that’s accelerating due to crypto crime, according to a report by Bloomberg. The minimum value of…...
Bitcoin miners struck gold in AI, but bitcoin mining could roar back
3+ week, 4+ day ago (529+ words) The pivot from bitcoin BTC$64,709.85 mining into artificial intelligence and high-performance computing (AI/HPC) looks to have been one of the decade’s better capital allocation decisions. While the shift has been underway for several years, the payback has become particularly…...
Crypto raised too much, too fast. Now comes the reckoning
3+ week, 5+ day ago (500+ words) Crypto’s accelerating wave of shutdowns is less a mystery than the delayed consequence of how the industry funded itself during the boom years, according to Ryan Kirkley, CEO of Global Settlement Network. More than 100 crypto projects have shut down, filed…...
South Korea joins more than 30 jurisdictions restricting Polymarket access
3+ week, 5+ day ago (339+ words) South Korea ordered domestic access to popular prediction market Polymarket blocked, becoming the latest of more than 30 jurisdictions to restrict the platform over gambling concerns. The Korea Media and Communications Standards Commission approved the move after finding that Polymarket facilitates…...
Kraken's parent Payward joins Anthropic’s Project Glasswing, taps Claude Mythos 5 for security
3+ week, 5+ day ago (383+ words) Kraken parent Payward has joined Anthropic’s Project Glasswing, giving the crypto company access to Claude Mythos 5, an artificial intelligence model designed to find and fix software vulnerabilities. Project Glasswing is Anthropic’s initiative that allows selected firms to use restricted frontier…...
The Coldcard hack proves reputation is not a security model
3+ week, 6+ day ago (109+ words) A community built on verification spent five years outsourcing its judgment to one man, writes Foundation CEO Zach Herbert. Zach Herbert is co-founder and CEO of Foundation. Bitcoin was engineered on the assumption that experts and institutions will eventually fail,…...
They All Knew It Was A Memecoin. We Said It: Shaw Walters | CoinDesk Videos
4+ week, 2+ day ago (430+ words) CoinDesk They All Knew It Was A Memecoin. We Said It: Shaw Walters When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your…...
Wall Street Infrastructure Comes to Prediction Markets | CoinDesk Videos
4+ week, 2+ day ago (116+ words) DoubleZero Edge is partnering with Kalshi to deliver Wall Street-grade market data to the world's largest CFTC-regulated prediction market. Co-Founder Austin Federa joins Jennifer Sanasie on Markets Outlook to unpack why professional infrastructure took so long to reach crypto, what…...
Sequoia and Wellington in talks to lead $750 million Kalshi funding round
1+ mon, 14+ min ago (330+ words) Prediction market giant Kalshi is in advanced discussions with Sequoia Capital and Wellington Management for a new $750 million funding round at a $40 billion valuation, The Information reported, citing people familiar with the matter. Sequoia, which is already an existing investor…...
Bitcoin firms ask AI labs for same tools attackers already have
1+ mon, 9+ hour ago (336+ words) More than three dozen bitcoin and crypto companies have asked the largest AI labs to give open-source security researchers early access to their most capable models, arguing that the people defending a trillion dollars of infrastructure are working with weaker…...