In a research note released late Thursday, Cantor Fitzgerald says Core Scientific (CORZ) could fetch over $30 per share in a potential acquisition by cloud compute giant CoreWeave, citing both the long-term cash flows from its AI contracts and the replacement value of its data centers. That would be a near doubling from the current … Read more
Stablecoin issuer Circle Internet’s shares climbed 48 percent on Friday, extending a stellar run after a blowout market debut on the New York Stock Exchange a day earlier. New York-based Circle’s stock went as high as $123.49 (roughly Rs. 10,566), nearly four times its $31 (roughly Rs. 2,650) offer price and valuing the company at … Read more
Anchorage Digital is drawing criticism from at least one stablecoin issuer after announcing plans to phase out support for three stablecoins, citing “regulatory expectations” and internal risk assessment. Nick van Eck, co-founder and CEO of Agora, criticized Anchorage’s move to remove support for stablecoins USDC (USDC), Agora USD (AUSD), and Usual USD (USD0) in a … Read more
Anchorage Digital, a crypto custodian and federally chartered bank, said it will start phasing out and direct institutional clients to convert USDC and other stablecoins into rival token Global Dollar (USDG) in a sweeping move that drew criticism from industry players. The firm released a “Stablecoin Safety Matrix” that ranks stablecoins based on regulatory oversight … Read more
A team of cybersecurity researchers have found 20 apps on the Google Play Store which were targeting cryptocurrency wallet users. According to a report by a cybersecurity research firm, these crypto-phishing applications impersonated legitimate crypto wallets such as Hyperliquid, PancakeSwap, and Raydium. Threat actors leveraged phishing tactics and compromised or repurposed developer accounts, forcing users … Read more
Anchorage Digital is drawing criticism from at least one stablecoin issuer after announcing plans to phase out support for three stablecoins, citing “regulatory expectations” and internal risk assessment. Nick van Eck, co-founder and CEO of Agora, criticized Anchorage’s move to remove support for stablecoins USDC (USDC), Agora USD (AUSD), and Usual USD (USD0) in a … Read more
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has begun offering tokenized stocks to customers in the European Union (EU), the firm announced on Friday. The rollout started with tokenized shares of Strategy (MSTR), known as the world’s largest corporate bitcoin holder, with more stocks and exchange-traded funds (ETFs) to be added in … Read more
Zettai, the parent entity of the crypto exchange WazirX, has petitioned the Singapore High Court for a reassessment of its financial restructuring plan. In a fresh filing on June 6, Zettai requested the court to re-evaluate its dismissal of the scheme’s implementation. This approval was initially slated to arrive on May 16; however, the court … Read more
Anchorage Digital is drawing criticism from at least one stablecoin issuer after announcing plans to phase out support for three stablecoins, citing “regulatory expectations” and internal risk assessment. Nick van Eck, co-founder and CEO of Agora, criticized Anchorage’s move to remove support for stablecoins USDC (USDC), Agora USD (AUSD), and Usual USD (USD0) in a … Read more
Bitvavo is the latest crypto exchange to receive a Markets in Crypto Assets License from the Dutch Authority for the Financial Markets (AFM) to operate across the 30 nations in the European Economic Area. Crypto companies have been applying for the licenses since the regulatory regime came into force in December last year. MiCA, which … Read more