Crypto
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Meet Joe McCann: the high-flying crypto trader held in Tanzania after sudden death of his influencer fiancée Ashly Robinson
Joe McCann got into crypto trading and, within two years, he seemed to have it made. McCann’s fund Asymmetric raised money in 2022 from the likes of Marc Andreessen and Circle and, during the crypto boom period that marked Donald Trump’s return to the White House, the fund nearly doubled in value. But then things
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Goldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs “Boomer Candy”
Goldman Sachs has long been content to watch the crypto craze from the sidelines but, in a surprise move, the big bank on Tuesday revealed plans for its own product in the form of a “Bitcoin Premium Income ETF.” The new Goldman fund, which was described in a regulatory filing, is structured a little differently
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Exclusive: Paxos Labs raises $12 million after startup spins off from veteran stablecoin issuer
Paxos, the stablecoin and blockchain infrastructure firm, has long worked with major companies like PayPal and Nubank. More recently, Paxos created a spinoff operation known as Paxos Labs that focuses on the specialized world of DeFi (decentralized finance) and helps companies offer their retail customers access to stablecoins and crypto lending protocols. On Tuesday, Paxos
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Bitcoin, Ethereum approach two-month highs as markets grow optimistic over U.S.-Iran peace negotiations
Crypto markets are betting that the U.S. and Iran war may be progressing towards peace. Bitcoin rose 5% over the past 24 hours to around $75,000 early Tuesday afternoon, nearing its highest mark since early February, according to data from Binance. The world’s second largest cryptocurrency, Ethereum, notched an even bigger day-over-day jump, rising 7%
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Nava raises $8.3 million in seed funding to keep AI financial agents from going off the rails
The crypto world has been buzzing in recent months about the potential for applying blockchain technology to agentic commerce, a term that describes AI agents undertaking purchases or other economic activity on a user’s behalf. Early innovations include Coinbase’s x402, a standard for AI agents to transact across the web, and Stripe-backed Tempo’s “Machine Payments Protocol.”
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Bitcoin mining giant Foundry adds new pool for privacy-focused Zcash
Foundry, an upstate New York-based firm that launched in 2019, runs a mining pool that today commands around 31% of all Bitcoin production. On Monday, the company formally launched a second pool operation based around a cryptocurrency known as Zcash that shares many attributes of Bitcoin, but that is designed to be less visible. The
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Iran is demanding tankers in the Strait of Hormuz pay tolls in crypto: What we know so far
After the U.S. and Iran agreed to a temporary ceasefire on Tuesday, the Islamic Republic pledged to open up the Strait of Hormuz, the narrow body of water that’s a key bottleneck in the world’s trade of oil. But there’s a catch: Iran signaled it plans to impose toll ships passing through the chokepoint—and have
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Trump-backed World Liberty Financial tokens hit all-time low on reports of insider loans
WLFI, the native token of the Donald Trump-backed crypto platform World Liberty Financial, cratered to an all-time low on Friday as investors digested news reports that the company had lent out tokens on a platform tied to one of its executives. As of mid-day, WLFI was trading at $0.08, a roughly 82% drop from its
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Prediction markets have made betting easier than ever—and young men are paying the price
Nevin Burmeister first downloaded Kalshi on July 8, just two days after his 18th birthday. In his home state of Indiana, the minimum age for sports betting is 21. But Burmeister could legally wager on sports on Kalshi starting at 18. He is one of millions of people taking part in the recent craze for
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The New York Times says it found Satoshi Nakamoto, the inventor of Bitcoin. Not so fast
The quest to unmask Satoshi Nakamoto, the pseudonymous inventor of Bitcoin, has been going on for more than a decade now, and resulted in some embarrassing misfires. The most notorious came in 2014 when Newsweek magazine dropped a bombshell cover story claiming the Bitcoin inventor was a 64-year-old man named Dorian Nakamoto, hiding in plain