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The Latest Breaking News from Bitcoin

Investors have been keeping an eye on assets offering a decent return this year amid global market volatility and an economic slowdown.

Bangkok Post

This week in the metaverse: Solana loses y00ts and DeGods collections, Argentina gets Web3 plane tickets, and Grimes launches NFTs

The move by y00ts and DeGods is a loss for the Solana blockchain, but SOL is still up roughly 100% since the start of the year after getting hammered post-FTX collapse.

Fortune

3 Valueless Stocks No Investor Wants

As the Fed’s rate hikes are expected to continue, the odds of a recession this year are rising. Amid lingering macroeconomic headwinds, fundamentally weak stocks Aurora (AUR), Hut 8 (HUT), and AppHarvest (APPH) might be best avoided. These stocks look overvalued at their current prices. Keep reading.

StockNews.com

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Bitcoin’s stealth rally puts it atop the quarterly scoreboard once again

Bitcoin’s surprising fast exit from its “crypto winter” has once again put the notoriously volatile digital currency atop the leader-board in the first quarter for being the best-performing asset class by a wide margin.

Bangkok Post

Will the CFTC's suit against Binance help Coinbase?

The Commodity Futures Trading Commission alleges that Binance “has facilitated potentially illegal activities.”

Fortune

Balaji's Bet: Bitcoin Hits $1 Million in 90 Days. Live With Balaji Srinivasan, Lawrence White, and Zach Weissmueller

Join Reason on YouTube and Facebook Thursday at 1 p.m. Eastern for a discussion about bank runs, the Fed, and bitcoin.

Reason

Stock Market Today: Stock Market Struggles While Alibaba Shines

Tech and communication services stocks were two of the worst performers today as Treasury yields rose.

Kiplinger

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Inside Binance: Vast profits, hefty influencer payouts, and a ticking time bomb on its balance sheet

Binance's big investments in its own BNB coin and in kickbacks to social media influencers could expose it to bigger risks.

Fortune

ChatGPT is more useful to society than cryptocurrency, says Nvidia

Nvidia's chief technology officer has distanced the company from cryptocurrency and says it's embracing AI instead.

Tom’s Guide

Binance isn’t FTX. It’s much bigger and more systemically important to crypto

In every single corner of the crypto landscape, one name pops up: Binance.

Tribune News Service

Bitcoin, Ether, Coinbase fall after CFTC sues Binance

The stocks of several crypto mining companies also took a dive.

Fortune

'I slipped up': NFT collector evaporates CryptoPunk valued at $129,000—a third of his net worth

Brandon Riley isn’t the only one who’s mistakenly lost hundreds of thousands in the world of Web3.

Fortune

Nvidia CTO: Cryptocurrency Adds Nothing Useful to Society

GPU processing power can be used for much more useful things than mining cryptocurrencies, Nvidia CTO says.

Tom’s Hardware

Black, Hispanic investors struggle with faith in crypto

Many Black and Latino investors were drawn to crypto by its promise to be pathway to wealth-building outside of a traditional financial system with long history of racial discrimination and indifference to the needs of low-income communities

The Independent UK

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Fortune

Why keeping Bitcoin mining in the U.S. helps the economy, national security, and even the environment

Bitcoin mining is going to happen. It's best to have it happen it here.

Fortune

Nasdaq to launch crypto custody services by end of Q2

The exchange had previously announced a new division for digital assets.

Fortune

Here's the week's top metaverse and NFT news

The IRS said it's considering whether to tax non-fungible tokens as it does gems or artwork.

Fortune

Jack Dorsey's Block is the latest company targeted by a notorious short-seller

The short-seller put out an accompanying report, alleging that Block's Cash App has inflated user counts and consorted with criminals.

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Tom’s Hardware

Linus Tech Tips YouTube Channel Hacked to Promote Crypto Scams

Linus Tech Tips was hacked earlier today, with channel names and branding messed up, and video promoting crypto scams published. Affected LTT channels are currently all offline.

Bangkok Post

Bitcoin price set to surge if Federal Reserve keeps rates steady

While gold prices have edged down, the price of Bitcoin stayed above US$28,000, its highest level in 10 months, for a second straight day on Wednesday, with experts predicting it might go up further if the US Federal Reserve does not raise interest rates this week.

Fortune

Bitcoin teeters near $27,000 as Fed raises interest rates and Powell says cuts unlikely in 2023

The cryptocurrency jumped above $28,000 earlier this week.

TechRadar

Bitcoin ATMs drained after hackers exploit zero-day bug

Hackers stole 56 bitcoin, worth around $1.5 million, by targeting ATM flaws.

Capital & Main

Crypto Mining at Gas Wells Sparks Regulatory Headaches, Outcry in Northwestern Pennsylvania

Before obtaining the required permits, Diversified Energy began installing cryptocurrency mining infrastructure on one of its thousands of well pads.

IT Pro

Can regulation shape cryptocurrencies into useful business assets?

One of the more complex corners of the technology industry businesses often refrain from touching is the cryptocurrency market. Built on a principle of a decentralised market, away from the prying eyes of central bodies or governments, and utilising blockchain technology to provide a clear and concise record of all…

Fortune

Coinbase shares bounce back alongside Bitcoin

The exchange’s stock mirrors a resurgence in the price of the largest cryptocurrency.

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