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Crypto

Tesla holds bitcoin steady, reports $112M impairment loss

Tesla holds bitcoin steady, reports $112M impairment loss

3 months ago by Crypto InsightsCrypto

Tesla (TSLA) held its bitcoin BTC$65,890.22 holdings unchanged during the second quarter, maintaining its treasury of 11,509 BTC as the cryptocurrency’s price declined 14% over the three-month period. The electric vehicle maker reported an after-tax impairment loss of $112 million on its digital asset holdings,… Read More

U.S. seeks forfeiture of $25 million in crypto tied to romance and investment scams

U.S. seeks forfeiture of $25 million in crypto tied to romance and investment scams

3 months ago by Crypto InsightsCrypto

Federal prosecutors filed five civil forfeiture complaints seeking more than $25 million in cryptocurrency that investigators say came from international romance and investment scams targeting people in the U.S. and Canada. The complaints, filed in U.S. District Court for the District of Columbia, stem from… Read More

AI models escaped OpenAI’s sandbox and hit Hugging Face. Crypto is where that gets dangerous

AI models escaped OpenAI’s sandbox and hit Hugging Face. Crypto is where that gets dangerous

3 months ago by Crypto InsightsCrypto

OpenAI caught the anomaly internally, while Hugging Face’s team detected and contained it. It called the incident “unprecedented,” and said extensive security steps will be put in place to prevent untoward incidents that may impact public systems or services. “We are implementing strict controls in… Read More

Crypto lobby group TDC sues Illinois to block digital asset tax

Crypto lobby group TDC sues Illinois to block digital asset tax

3 months ago by Crypto InsightsCrypto

A crypto lobbying organization has sued the state of Illinois over a last-minute tax provision inserted into the state budget last month. The Digital Chamber alleged that Illinois’ Digital Asset Tax Act violated both the U.S. and state constitutions and is preempted by a federal… Read More

Claude’s Fable 5 just solved an 87-year-old math problem, and it matters for bitcoin

Claude’s Fable 5 just solved an 87-year-old math problem, and it matters for bitcoin

3 months ago by Crypto InsightsCrypto

But the larger pull is simpler: AI is where the speculative money and investors’ attention are now going. The capital that once chased crypto is now chasing compute, chips and model builders, and every leap in what these systems can do widens that appeal. Each… Read More

Ripple-linked token up 4% as traders watch breakout toward $1.35

Ripple-linked token up 4% as traders watch breakout toward $1.35

3 months ago by Crypto InsightsCrypto

• Volume increased during the breakout attempt, with CoinGecko showing 24-hour trading volume of about $1.27 billion. • XRP held above the $1.08-$1.10 area through the session, keeping the short-term recovery structure intact. Technical Analysis • The key short-term level is $1.13. A sustained break… Read More

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