Quick Summary: Bitcoin rebounds past $71,000 after dipping below $70,000 amid Strait of Hormuz disruptions that pushed Brent crude to $119 per barrel. Bitcoin climbs back above $71,000 on Friday after a turbulent stretch that saw the cryptocurrency dip below $70,000 the previous day. According to CoinGecko data, the asset is trading at $70,547, roughly flat on the day, having reached an intraday peak of $71,261 in early Friday trading. The recovery follows a period of sharp volatility tied to rising energy prices and geopolitical instability in the Persian Gulf.The immediate trigger for Thursday’s selloff was a surge in Brent…
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Quick Summary: Super Micro Computer co-founder Wally Liaw and two sales executives face federal charges for allegedly smuggling billions in AI chips to China. US federal authorities have charged and arrested the co-founder of Super Micro Computer, Inc. as part of an alleged multi-billion dollar conspiracy to smuggle advanced artificial intelligence chips from the United States to China. The Justice Department unsealed an indictment on Thursday naming Yih-Shyan “Wally” Liaw, along with Super Micro sales executives Ruei-Tsang “Steven” Chang and Ting-Wei “Willy” Sun. The three individuals are accused of violating US export control laws through the unauthorized sale of sensitive…
Quick Summary: Galaxy Digital analyst Will Owens says quantum computing threatens Bitcoin wallets with exposed public keys, but most wallets remain safe for now. Galaxy Digital research analyst Will Owens says the quantum computing threat to Bitcoin investors is genuine but unevenly distributed, with most wallets currently remaining out of danger. In a report published Thursday, Owens outlined how a sufficiently advanced quantum computer could theoretically derive private keys from public keys, enabling an attacker to impersonate a wallet owner, forge transaction signatures, and steal funds. Despite the theoretical danger, he stressed that the risk is not uniform across all…
Quick Summary: Gemini and its Winklevoss co-founders face a proposed class action in New York alleging misleading IPO documents and an undisclosed business pivot. Crypto exchange Gemini is facing a proposed class action lawsuit filed Thursday in a Manhattan federal court, with shareholders alleging the company misled investors during and after its initial public offering. The suit names co-founders Tyler and Cameron Winklevoss along with other company executives as defendants. Plaintiffs claim that documents tied to the IPO contained misleading statements about the company’s direction and strategy.Lead plaintiff Marc Methvin alleges that Gemini’s IPO materials presented the exchange as a…
Quick Summary: A provision in Kentucky’s House Bill 380 requiring hardware wallet providers to offer credential resets is being called technologically impossible by industry experts. Kentucky’s House Bill 380, a wide-ranging piece of legislation targeting crypto ATM operators, has drawn sharp criticism over a late addition that would require hardware wallet providers to give users a way to reset passwords, PINs, seed phrases, or similar access credentials. The provision, known as Section 33, was inserted as a last-minute floor amendment during House debate. Critics from the crypto industry argue the requirement reflects a fundamental misunderstanding of how self-custody technology works.…
Quick Summary: The Ninth Circuit has denied Kalshi’s emergency request to block Nevada regulators from enforcing a temporary restraining order over its sports event contracts. A federal appeals court has ruled against Kalshi, allowing Nevada state authorities to move forward with a temporary restraining order targeting the prediction market platform’s sports event contracts. The Ninth Circuit Appeals Court on Thursday denied Kalshi’s emergency request to halt a lower court proceeding, sending the case back to federal court. The decision opens the door for Nevada regulators to take direct action against the company.Gaming lawyer Daniel Wallach stated that a temporary restraining…
Quick Summary: The World Gold Council and Boston Consulting Group have unveiled a white paper for a standardized platform to integrate tokenized gold into modern digital financial systems. The World Gold Council and Boston Consulting Group have jointly proposed a new open platform designed to modernize how gold functions within digital financial systems. The initiative, outlined in a white paper published on Thursday, is called Gold as a Service. It aims to support the issuance and operation of scalable, interoperable digital gold products by connecting physical gold custody with the digital infrastructure used to manage tokenized assets.The proposed platform would…
Quick Summary: Amazon Web Services plans to deploy around one million Nvidia GPUs through 2027 to meet rising demand for AI inference and agentic systems. Amazon Web Services has announced plans to deploy approximately one million Nvidia GPUs as part of a broad expansion of its AI infrastructure. An Nvidia executive confirmed to Reuters on Thursday that the rollout is expected to run through the end of 2027. The deployment will begin this year across AWS’s global cloud regions and will be accompanied by expanded collaboration on networking and related infrastructure.AWS described the initiative as part of its work on…
Quick Summary: Crypto exchange Gemini posted Q4 revenue of $60.3 million, beating expectations, as fee restructuring and credit card growth offset declining trading volumes. Shares in crypto exchange Gemini climbed in after-hours trading on Thursday following fourth-quarter results that surpassed analyst expectations. The company reported Q4 revenues of $60.3 million, a 39% increase from the same period a year earlier, compared to analyst forecasts of $51.7 million. The gains were attributed to credit card adoption and changes to the platform’s fee structure. Co-founders Cameron and Tyler Winklevoss described the quarter as the company’s strongest for revenue in three years.Despite the…
Quick Summary: The FBI warns Tron users of a fake token bearing its name and seal that tricks recipients into submitting personal information under threat of asset seizure. The Federal Bureau of Investigation has issued a warning about a fraudulent token operating on the Tron blockchain that impersonates the agency in order to harvest personal information from unsuspecting users. The alert was shared by FBI New York’s official account on X on Thursday. The post highlighted a message that some Tron users had received through the fake token, which displayed the agency’s name and official seal.The fraudulent message informs recipients…
