A Dutch court has sentenced Alexey Pertsev, a developer involved with Tornado Cash, to 64 months in prison. He was convicted of laundering $1.2 billion in crypto through the Tornado Cash mixer between July 9, 2019, and August 10, 2022. Pertsev’s legal team has a 14-day window to appeal the …
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State of Wisconsin Investment Board reveals $163 million in spot bitcoin ETFs
by MK Manoylovby MK ManoylovThe State of Wisconsin Investment Board revealed in a Tuesday 13F filing that it held nearly $100 million of the iShares Bitcoin Trust, the spot bitcoin exchange-traded fund out of the investment manager BlackRock, at the end of the first quarter of 2024. The Board owned 2,450,400 shares of the …
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–> Galaxy Digital Holdings revenue and profits jumped during the first quarter, bolstered by its mining operation’s record performance amid the run-up in cryptocurrency prices. The digital assets-focused financial services firm said Monday its net income rose to $421.7 million ($1.23 per share) in the three-month period ending in March, …
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JPM Coin to act as settlement mechanism for Broadridge’s Distributed Ledger Repo platform
by MK Manoylovby MK Manoylov–> Onyx, the blockchain business arm of JP Morgan, is partnering with fintech company Broadridge to bring the web3 payment system JPM Coin onto one of Broadridge’s repo platforms. As part of the deal, Onyx’s JPM Coin will act as the settlement mechanism for Broadridge’s Distributed Ledger Repo platform, which …
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Polymarket raises $45 million from Peter Thiel’s Founders Fund, Vitalik Buterin and others
by James Huntby James HuntPolymarket Labs has raised a $45 million Series B funding round led by Peter Thiel’s Founders Fund and existing investors 1confirmation and ParaFi, with participation from Ethereum co-founder Vitalik Buterin, Dragonfly and Eventbrite’s co-founder Kevin Hartz. “Polymarket has finally made the vision for prediction markets a reality — an opportunity …
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Bitcoin slid lower on Tuesday as April’s U.S. wholesale inflation topped economists’ expectations. The largest digital asset by market cap has fallen below the $62,000 mark, having declined 1.6% in the past 24 hours to trade at $61,731 at 10:10 a.m. ET, according to The Block’s Price Page. Bitcoin declined …
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Bitcoin’s 22% correction from all-time highs has led AVAX to trade near the critical $30 support level, instilling fear among holders. Curious about the reasons behind this behavior? Let’s examine the details. AVAX Is Trading Just Above a Critical Support Level The chart below shows Avalanche’s price action in the …
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We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports GameStop’s stock (GME) is up 130% in premarket trading, officially placing it among the 500 largest …
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Bracebridge Capital emerges as top holder of ARKB and IBIT spot bitcoin ETFs
by James Huntby James HuntBracebridge Capital, a hedge fund that manages the endowments of Yale University and Princeton University, has reported owning shares in Ark Invest, BlackRock and Grayscale U.S. spot bitcoin exchange-traded funds. In a 13F filing with the Securities and Exchange Commission on May 10, the Boston-based firm reported owning 4,327,380 shares …
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Zeta Markets, a Solana -based decentralized exchange for trading crypto perpetuals, has raised $5 million in a strategic funding round led by Electric Capital. Other investors in the round included Digital Asset Capital Management (DACM), Selini Capital and Airtree Ventures, Zeta Markets said Tuesday. Angel investors, including Anatoly Yakovenko of …