GMO’s Cryptocurrency Business Made $2.3 Million Profit in Q2

Former U.K. Chancellor of the Exchequer George Osborne has joined crypto exchange Coinbase's (COIN) advisory council.Osborne, chancellor from 2010 to 2016, becomes the second former U.K. chancellor to join a crypto firm. His immediate successor, Philip Hammond, joined Copper as an adviser in October 2021 and subsequently became the custody company's chairman.The appointment highlights the

news May’s Binance hacker has been hard at work washing his stolen bitcoins through a mixing service. Clain.io, a Luxembourg-cryptocurrency capital flows research team, says the 7,074 stolen coins are being laundered through mixing service Chipmixer. Clain says at least 4,836 bitcoins were laundered since June 12th. A bitcoin tumbling service mixes a bitcoin’s unspent…

Jul 17, 2020 at 12:24 UTCFirst Mover: Why Bitcoin Traders Couldn’t Give a Sat About the Twitter HackCryptocurrency traders yawned at one of the year’s biggest news stories for bitcoin, with prices barely budging as the digital-asset industry became a primary victim of this week’s massive hack on Twitter accounts. The notoriously volatile bitcoin slid…

Judge James Mellor ordered a worldwide freeze on 6 million British pounds of Craig Wright's assets.In a court case brought by COPA, Mellor found earlier this month that Wright was not Satoshi Nakamoto, the inventor of Bitcoin.The judge ruled there was a risk Wright would move his assets offshore to avoid paying costs related to

news Chip-making giant Taiwan Semiconductor Manufacturing Company (TSMC) has reported a slump in its crypto mining business revenue for last year. The firm announced its Q4 2018 financial results and also published an earnings call transcript on Thursday, providing revenue details across business segments. In the transcript, TSMC’s CEO and vice chairman C. C. Wei said…

Bitcoin (BTC), the world’s largest cryptocurrency by market value, could rise to $50,000 by the end of this year and up to $120,000 by end-2024, Standard Chartered Bank said in a research report on Monday.The British multinational bank increased its bitcoin price forecast from the $100,000 predicted in April. Standard Chartered said at the time…

news Coinfloor, the U.K.’s longest-running crypto exchange, has teamed up with electronic money institution (EMI) Enumis to deliver bank-like accounts to crypto firms, a perennial pain-point across the industry. Under the partnership, Enumis will pay Coinfloor a fee for referring reputable crypto-facing businesses that successfully set up current accounts (the U.K. equivalent of checking accounts).…

The market value of blockchain-based investment products that wrap U.S. Treasury bills, bonds and money market funds into a form of a token total $614 million, according to real-world asset data firm RWA.xyz’s compilation.Demand for tokenized Treasurys among digital asset investors has been steadily growing as the yield on U.S. government bonds, widely considered as…

FTX founder Sam Bankman-Fried goes on trial this week after the crypto exchange's collapse and alleged theft of billions.Key witnesses include former colleagues and friends, notably Caroline Ellison and Gary Wang, who had deep ties to FTX and Alameda Research. Ellison, once romantically involved with Bankman-Fried, has insights into FTX's internal workings and admitted to