Crypto

September inflation came in above forecasts and the selloff in AI stocks picked up speed, dragging bitcoin back toward last week’s low. September inflation came in above forecasts and the selloff in AI stocks picked up speed, dragging bitcoin back toward last week’s low. A hotter-than-expected U.S. inflation report briefly lifted bitcoin to nearly $84,000 on Wednesday, then sent it sliding to about $80,400 early Thursday. That’s just above last.

Crypto

Jeff Yan told Bloomberg that U.S. regulatory oversight should apply to the firms using the blockchain, not to the underlying network itself. Hyperliquid founder Jeff Yan wants U.S. regulators to oversee financial firms using his blockchain rather than the network itself. Companies operating trading markets on Hyperliquid should be responsible for meeting regulatory requirements, much like financial firms using internet infrastructure, Yan said Thursday in a Bloomberg interview. “The regulation.

Crypto

The country’s regulator, ASIC, has proposed tougher rules to protect users’ digital assets, crypto trading and to safeguard the country’s financial stability. Australia's financial regulator proposed new standards for cryptocurrency exchanges and digital asset custodians, setting out how companies must protect customer funds, execute trades and meet financial requirements under laws that take effect next year. The Australian Securities and Investments Commission (ASIC) said it opened a consultation on the.

Crypto

BlackRock's CEO says "a moratorium of some sort" on data center buildouts would put the U.S. in a recession. Companies are pouring so much money into data centers that power artificial intelligence (AI) that any attempt to slow it could hurt the U.S. economy, not just the stock market. Larry Fink, CEO of BlackRock, the world's largest asset manager, made that clear Wednesday in a CNBC interview, while also warning.

Crypto

Ether accounted for nearly 60% of the forced closures across the two largest cryptocurrencies, falling roughly twice as much as bitcoin. Nearly $483 million in bitcoin and ether futures positions were closed over the past 24 hours as cryptocurrency prices fell Thursday, with ether traders taking the largest hit. Crypto losses worsened on Thursday morning as uncertainty over the Federal Reserve’s next interest-rate decision weighed on markets. Bitcoin traded around.

Crypto

Computing power directed at Binance Pool has fallen from 26 EH/s in December to about 9 EH/s. Its remaining miners must choose another provider before a Nov. 10 cutoff. Crypto exchange Binance is shutting the bitcoin mining pool it launched in April 2020, with the computing power directed at the service down nearly two-thirds from the end of last year. Binance Pool had an estimated 26 exahashes per second, or.