• Aug 08, 2024

Dine Brands CEO: Restaurants are in a 'value war' as consumers tighten their belts

• Aug 08, 2024

Bitcoin Nears $60K as Crypto Bounce Accelerates, but Recovery Might Be Choppy

While the crypto rally was broad-based, with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday's crash,...

• Aug 08, 2024

JPMorgan Remains Cautious on Bitcoin as Positive Catalysts Mostly Priced-In

Retail investors seems to have played large role in recent crypto selloff that saw sharpest correction since FTX, the bank said.

• Aug 08, 2024

JPMorgan Remains Cautious on Bitcoin as Positive Catalysts Mostly Priced-In

Retail investors seems to have played large role in recent crypto selloff that saw sharpest correction since FTX, the bank said.

• Aug 08, 2024

Crypto-Friendly Bank Ordered by Fed to Limit Risks From Digital Asset Clients

Customers Bank has agreed to tackle the regulator's concerns that it's strayed from proper compliance with its digital assets clients.

• Aug 08, 2024

Meet the Cryonics Company Preserving Bitcoin Legend Hal Finney’s Body

When computer scientist and Bitcoin pioneer Hal Finney died in 2014 from complications from ALS, his body was cryopreserved by the Scottsdale, Ariz.-based Alcor Life Extension Foundation. For many in the life extension and transhumanist community, the idea of cryopreserving one’s body offers the hope of a kind of immortality, with the possibility of being revived in the future when a cure for their cause of death is found. Also known as cryo-freezing, the service has several practical applicatio...

• Aug 08, 2024

IRS Updates Crypto Tax Form, Drops Wallet Address Requirement

U.S. tax authorities have unveiled a revised form for crypto investors, with the aim of simplifying digital asset holders’ taxes.  The 1099-DA, released as a draft on Friday, offers more “ease and clarity” to tax filers with crypto investments, the IRS said Friday in a statement. The revamped form omits requirements from its previous iteration, including questions that some digital asset proponents considered intrusive to crypto holders’ privacy.  Most notably, the latest version of the form no...

• Aug 08, 2024

Solana ETFs 'Inevitable' in US After Brazil Approval, Says VanEck Exec

After Bitcoin and Ethereum spot ETFs were approved for trading in the United States, multiple fund providers identified Solana as the next big target and filed to offer such crypto ETFs. Following this week's approval of a Solana ETF in Brazil, experts suggest that a U.S. counterpart is sure to come—but when, exactly, remains unclear. While Brazil has emerged as a trailblazer in the realm of crypto ETFs, the United States—a traditional financial powerhouse—is grappling with a more cautious appro...

• Aug 08, 2024

Bitcoin Briefly Tops $62,000 as Global Recession Fears Subside

Bitcoin has gained 6% in the past day and climbed past $62,000 for the first time since last week the day after the U.S. initial jobless claims came in lower than expected and calmed fears of a global recession. At the time of writing, Bitcoin's price has retraced slightly to around $60,270, up 4.2% on the day according to CoinGecko data. Earlier this morning it surged as high as $62,490.53. The world's oldest and largest cryptocurrency by market cap has also seen $91 billion traded in the past...

• Aug 08, 2024

WazirX Restoring Account Balances to What They Were Before the $230 Million Hack

Indian cryptocurrency exchange WazirX announced plans to restore all user account balances to their state as of July 18, 2024, at 1 PM IST, when the exchange lost $230 million to attackers. According to the Aug. 8 announcement, this measure is in response to a severe cyberattack that occurred that day, causing significant disruptions to the platform's operations and user activities. WazirX lost over $230 million to the attackers, who some believe to be North Korean state-sponsored actors. Respon...