$81 trillion was erroneously credited by Citigroup, as the customer was only meant to receive $280. The payment bypassed all Citigroup controls and had to be reversed several hours after its execution, which the bank refers to as a “near miss.” Citigroup Payment Fumble: Erroneous $81 Trillion Transfer Bypasses Controls Citigroup, one of the most…
Key Takeaways Bitwise CEO will join other industry leaders to discuss a potential US Bitcoin reserve initiative with Senator Lummis. The regulatory environment for digital assets in the US is becoming more constructive, with favorable conditions for Bitcoin investment in Q1 2024. Share this article Senator Cynthia Lummis is actively working on a bill related…
The financial services titan CME Group says it’s launching new futures contracts based on the smart contract platform Solana (SOL) in March. In a new press release, the CME Group announces that it will be rolling out two Solana-based futures contract options on March 17th – a micro-sized one worth 25 SOL and a macro-sized…
In building Pudgy Penguins, Igloo Inc. have turned a dud into one of the world’s biggest NFT collections. With watchful eyes locked on their every move, they’re now looking to build a mainstream-ready blockchain. That blockchain is the Abstract Chain. Abstract is a consumer-focused Ethereum Layer-2 blockchain. Luca Netz, CEO of Pudgy Penguins, states that…
Former SEC official John Reed Stark has given his take on the Ripple vs. SEC lawsuit and crypto cases the Commission recently dropped. Based on his comments, the SEC could soon end the Ripple lawsuit as it continues to dismiss non-fraud cases. Expert Hints That Ripple vs. SEC Lawsuit Could End Soon Reacting to recent…
Billionaire investor Mark Cuban waded into the latest government tech shake-up on Saturday, posting an unexpected offer of support for newly laid-off federal workers on the social network Bluesky. His message, which quickly gained traction, urged the displaced engineers and designers to turn the upheaval to their advantage. “If you worked for 18F and got…
Oklahoma inches closer to becoming the first US state to invest in bitcoin as part of its public funds. A new bill, the Strategic Bitcoin Reserve Act (HB 1203), just passed the House Government Oversight Committee 12-2 and is heading to the House floor for a final vote. Dennis Porter on X If approved, this…
A US Bitcoin Reserve is on its way. Michael Saylor, MicroStrategy’s fierce Bitcoin advocate, wants the U.S. to own the crypto game. Meeting with lawmakers on the House Financial Services Committee, Saylor outlined an ambitious road map for Bitcoin-led dominance, tying America’s economic future to winning the digital currency race. – Price Market Cap –…
There has been a sharp reversal in digital asset investment trends as outflows reached $415 million after 19 consecutive weeks of inflows post-US election. During this period, inflows totaled $29.4 billion, significantly outpacing the $16 billion amassed in the first 19 weeks of US spot ETF trading since January 2024. CoinShares Head of Research James…
An under-the-radar altcoin defied the wider crypto market slump and surged in price this week amid a new strategic investment. Vana (VANA) is a layer-1 network for user-owned data. The project aims to allow users to contribute, tokenize, and share their data to create next-generation artificial intelligence (AI)-focused applications. The project’s native asset, VANA, launched…
