News

Nasdaq and the New York Stock Exchange (NYSE) have withdrawn their applications to list and trade options based on two U.S. spot Bitcoin ETFs. Per an August 14 Securities and Exchange Commission (SEC) filing, the NYSE has withdrawn the proposed rule change that would enable it to list and trade options on the Bitwise Bitcoin ETF (BITB) and the Grayscale Bitcoin Trust (GBTC). The proposal was originally published for public comment in February, with the SEC extending its review period in April a...

Crypto criminals are increasingly targeting centralized exchanges, having made off with more than $1.5 billion in the first half of the year, according to a mid-year report by blockchain analysis firm Chainalysis.  It marks a significant shift after four years of heightened focus on decentralized platforms. The report attributes this change to the growing sophistication of attackers, who are now employing advanced social engineering tactics.  Chainalysis highlighted that some attackers, includin...

On Thursday, the International Monetary Fund said an increase in electricity taxes for crypto miners by as much as 85% could play a significant role in curbing global carbon emissions, as the organization continues to sound off warnings relating to the industry.   That’s despite smaller operations struggling to turn a profit following Bitcoin’s halving event in April, which has placed increasing pressure on miners to find more efficient ways to operate. “Such a levy would raise annual government...

Just a few days after OpenAI announced its latest version of ChatGPT-4o, Elon Musk’s xAI released an update to its Grok model. The headline-grabbing feature was its AI image generator—based on Flux from Black Forest Labs—and our tests found it to be pretty impressive. Perhaps more impressive, though, were xAI's claims that its brand new LLM, the text-based generative AI chatbot, outperforms Claude 3.5 Sonnet from Anthropic. Claude long dominated the space until recently, and the flip seemed unli...

Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the JPMorgan report said.

(Reuters) -Two more Federal Reserve officials on Thursday gravitated toward an interest rate cut next month as solid economic data prompted financial markets to further scale back bets the U.S. central bank would kick off its monetary easing cycle with a bigger-than-usual reduction in borrowing costs. St. Louis Fed President Alberto Musalem and Atlanta Fed President Raphael Bostic had previously been more wary than many of their colleagues about lowering borrowing costs too soon. Recent data "has bolstered my confidence" that inflation is returning to the central bank's 2% target rate, Musalem said during an event in Louisville, Kentucky.