The “Oracle of Omaha” has increased Berkshire Hathaway’s cash holdings by $2 billion in Q1, signaling his decreasing confidence in risk-assets. Warren Buffett moving into cash suggests that he’s bracing for a possible collapse in risk-on asset prices. With Bitcoin…
Kategorie: Crypto Flash News
Coinbase legal chief sends letter to SEC on RIA rulemaking
Coinbase’s chief legal officer requests revisions to SEC’s RIA custody rule to safeguard all asset classes, including cryptocurrencies, criticizing the rule for unfairly targeting crypto. Coinbase legal chief has requested that the U.S. Securities and Exchange Commission (SEC) make several…
Spotify reportedly deletes thousands of AI-generated songs
The music streaming platform has removed tens of thousands of AI-generated songs created on the AI music-making platform Boomy. The battle between the music industry and artificial intelligence (AI) continues as reports claim Spotify is taking down AI-generated music. A…
Bitcoin ordinals hit Binance NFT Marketplace in latest update
The Binance NFT marketplace announced that users will soon be able to trade and purchase Bitcoin NFTs on its platform using already-existing wallets. Bitcoin ordinals — also known as Bitcoin NFTs — have made their way into the limelight of the…
Ordinals inscriptions approach 4.8M, nearly doubling in just over a week
The BRC-20 token frenzy has seen the number of Ordinals inscriptions on the Bitcoin network soar 92% in just eight days. The number of Ordinals inscriptions on the Bitcoin (BTC) network has witnessed another meteoric rise, almost doubling from 2.5…
‘Unjustly enriched’ — Core Scientific knocks back $4.7M claim from Celsius
Core Scientific has rejected a multi-million-dollar administrative claim from Celsius Network, arguing it’s owed an even higher amount from the crypto lender. Bankrupt Bitcoin (BTC) mining firm Core Scientific has objected to paying a $4.7 million administrative claim put forward…
Estonia squeezes out 400 crypto firms after new laws
Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans. Almost 400 virtual asset service providers (VASPS) have voluntarily shut down or had their authorizations revoked in…
‘War on crypto’ — Newly filed letters lambast proposed SEC custody rules
Industry representatives have cast doubt on the legality and impact of the United States securities regulator’s proposal to expand custody rules. A proposal by the United States securities regulator to tighten rules around crypto custody has been met with opposition…
Concern over banking crisis reaches levels unseen since 2008 — Poll
According to a recent poll from Gallup, nearly half of Americans polled expressed concern about the safety of their money deposited with banks. Public opinion of banks appears to be dwindling according to an April survey, as the industry struggles…
FTX founder Sam Bankman-Fried urges court to dismiss charges
Lawyers representing Sam Bankman-Fried want all but three charges against him dismissed in a filing on May 8. FTX founder and former CEO Sam Bankman-Fried (SBF) is seeking to have up to 10 criminal charges against him dismissed in court,…