Cryptocurrencies

Regulators could order hedge funds to disclose crypto exposure

The collapse in cryptocurrency prices this year has left US regulators scrambling to understand the risks that digital asset markets could pose to the broader economy. They may soon enlist hedge funds in the effort. The Securities and Exchange Commission issued a proposal on 10 August that would require large hedge funds to report their …

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Ethereum’s final Proof Of Stake Test Deemed a ‘Success’

photo: Ina Fassbender (Getty Images) Ethereum is closer than it’s ever been to ditching its highly energy intensive proof-Ugh-work model for a proof-Ugh-staking (POS) alternative. This week, Ethereum ran its final test of the new POS system before it’s set to officially transition next month. The move, once completed, could mark a seismic shift for …

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US regulators propose asking hedge funds to report their crypto exposure

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Efforts to increase the regulatory oversight of cryptocurrencies continue to ramp up after it was revealed on Wednesday …

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Nomad Sets 10% Bounty for Hackers Returning Stolen Crypto

photo: Tino Bandito (Shutterstock) The sheriff of the Nomad decentralized finance project has plastered the walls of the internet with wanted posters over a recent $190 million hack of the company’s systems. Nomad is attempting to play nice about the heist, and it’s asking the dozens of ne’er do wells to voluntarily hand in their …

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Crypto exchanges are in the hot seat as regulators look to clamp down on the volatile asset class

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The crypto market collapse of 2022 has been one of the most painful bear markets in the brief …

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Michael Saylor drops Microstrategy CEO role — Here’s what it means for bitcoin

A shakeup of MicroStrategy Inc.’s executive suite has crypto traders weighing the consequences for bitcoin as Michael Saylor drops his role as chief executive officer. MicroStrategy’s MSTR, -1.39% shares jumped almost 13% Wednesday, a day after the company said Michael Saylor would give up the CEO title and take on a new role as executive …

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It’s a crypto showdown between the SEC and CFTC as a new bill introduced in the Senate seeks to classify BTC and ETH as commodities

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The lack of regulatory clarity around Bitcoin (BTC) and the cryptocurrency market is one of the biggest challenges …

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Block stock drops after earnings, as Square’s parent company swings to a loss

Shares of Block Inc. fell 7% in after-hours trading Thursday after the payment-technology company swung to a loss in an earnings report that seemed to cause some controversy about whether the company actually beat or missed expectations on several key metrics. BlockSQ, +1.85%, which somewhat recently changed its corporate name from Square, posted a net …

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How one investor applied the lessons of the meme stocks frenzy to blockchain and NFTs

Almost two years ago, during the first winter of the COVID pandemic, Roman Tirone was introduced to the world of meme stocks. “I think I had a couple of friends reach out about them to me and I took a look,” the New York City-based investor told MarketWatch. “There was a strong community that was …

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Hack Drains Over a Million Dollars From Solana Crypto Wallets

photo: rafapress (Shutterstock) The open source blockchain network Solana has been considered the golden child of the crypto scene thanks to claims of its fast and cheap transaction infrastructure. Now some of those same crypto bros are paying the price for jumping onto the DeFi darling. Though initial reports from Solana put the number of …

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