The House Committee on Financial Services released a report late last week offering a harrowing glimpse inside Robinhood during the frenzy around Gamestop stock early last year. The stock trading and investing app was blindsided by the surge in interest from the first big “meme stock” after Redditors and other Read more…
On Wednesday, Sen. Cynthia Lummis (R-WY) posted her upcoming cryptocurrency regulation bill on GitHub. What she got in return were eight pull requests and lots of trolling. As of press time, Github users have commented on 24 issues in the bill and made eight pull requests — some of which Read more…
A new report finds that blockchain systems might not be working as well as many crypto enthusiasts assume. The report was commissioned by the Defense Advanced Research Projects Agency, or DARPA, and the work was done by the software security research company Trail of Bits. Trail of Bits CEO Dan Read more…
Investment product provider ProShares is set to list the U.S.’s first exchange-traded fund (ETF) allowing investors to bet against the price of bitcoin (BTC). The ProShares Short Bitcoin Strategy (BITI), which is designed to deliver the inverse of bitcoin’s performance, will start trading on the New York Stock Exchange (NYSE) Read more…
Electricity to all 118 legal crypto mining centers in Iran to cease from June 22 ahead of seasonal spike in power demand, Mostafa Rajabi Mashhadi, spokesman for country’s power industry says in interview with state TV.
The Los Angeles Times reports on “a massive surge of criminal fraud that has been pummeling crypto users with unknown billions of dollars in losses with little relief in sight.” The growth in crypto fraud has turned exponential in recent years. The reported losses from crypto scams in 2021 were Read more…
“The price of bitcoin breached $19,000,” reports CNN, “and ethereum fell below $1,000 Saturday morning, extending the brutal crypto bear market to new lows.” Bitcoin plunged nearly 10% in less than 24 hours, adding to a series of sustained losses over the last several months. It now sits below $20,000 Read more…