Crypto Capital Corp’s $850M collapse linked to Israeli mafia cocaine ring
Crypto Capital Corp wound down after $850M was seized sometime between late 2018 and early 2019, but the ramifications continue to be felt. Source link
Coinbase
Tech & AI
COBOL Is the Asbestos of Programming Languages
Early in the Covid-19 pandemic, the governor of New Jersey made an unusual admission: He’d run out of COBOL developers. The state’s unemployment insurance systems were written in the 60-year-old programming language and needed to be updated to handle the hundreds of thousands of claims. Trouble was, few of the state’s employees knew how to
Bitcoin
Abra to Go Public Through SPAC Merger Valuing Crypto Wealth Platform at $750 Million
Digital asset wealth management firm Abra Financial Holdings announced March 16 that it plans to go public through a merger with special purpose acquisition company New Providence Acquisition Corp. III, valuing the company at $750 million before new capital. Digital Asset Manager Abra Plans Nasdaq Debut via New Providence SPAC Merger The definitive agreement will
Crypto
Bitcoin Price Soars to $74K, but Investors Are Already Eyeing New Altcoin GCoin This Week
Bitcoin’s price surged above $74,400 today, marking a multi-week high and reigniting optimism across the broader cryptocurrency market, as evidenced by the rise in altcoins. The rally came amid renewed buying pressure, a wave of institutional demand, and yet another behemoth purchase by Michael Saylor’s Strategy. Bitcoin Climbs to $74K as Market Momentum Builds BTC
Coinbase
NFT investor Adam Weitsman’s X account hacked to shill ‘Clawed Ape Yacht Club’
Hackers took control of scrap-metal billionaire Adam Weitsman’s X account to post a forex trading scam and a fake NFT crypto project. Source link
Tech & AI
ByteDance reportedly pauses global launch of its Seedance 2.0 video generator
ByteDance has paused plans to launch its new AI video model globally, according to a report in The Information. The Chinese company, best known as TikTok’s parent organization (and now a minority shareholder in its U.S. spinoff), launched Seedance 2.0 in China back in February. Brief videos generated by the model, including a clip featuring
Crypto
Crypto funds draw $1.06B in inflows for third week as Bitcoin leads demand
Crypto investment products recorded $1.06 billion in inflows last week, even as geopolitical stress tied to tensions in the Middle East continued to weigh on broader financial markets. Summary Crypto investment products recorded $1.06 billion in inflows last week, extending a three-week run of positive flows despite geopolitical tensions in the Middle East. Bitcoin led
Coinbase
China’s Regulation 42 forces Tether to kill its CNHT stablecoin
Tether has never been in a better place than it is right now, at least in the US. But in China, it’s a very different story. Source link
Tech & AI
Nuro Tests Zero-Shot Autonomous Vehicles in Tokyo
Nuro’s Tokyo rollout is an early test of whether autonomous driving software can adapt across markets with less location-specific tuning. The post Nuro Tests Zero-Shot Autonomous Vehicles in Tokyo appeared first on TechRepublic. Source link
Bitcoin
Paris Blockchain Week Poised to Fill Gap Left by Token 2049 Dubai Cancellation
April event expected to draw thousands as industry reshuffles its spring conference calendar. The cancellation of Token 2049 Dubai has sent ripples through the digital asset industry’s spring events calendar, with many companies now redirecting their attention to Paris Blockchain Week, scheduled for April 15–16 in the French capital. Token 2049, one of the crypto