DeFi hacks overshadow AI threat in crypto debate
Three decentralised finance protocols across NEAR, Base and Sui were drained in a single day, highlighting ongoing security vulnerabilities in crypto infrastructure.
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Three decentralised finance protocols across NEAR, Base and Sui were drained in a single day, highlighting ongoing security vulnerabilities in crypto infrastructure.
MoonPay has acquired crypto key management firm Sodot in a deal reportedly worth around $100 million, while launching a new institutional division to expand beyond retail services.
Bitcoin fell below the $76,000 level after Donald Trump rejected Iran’s proposal to reopen the Strait of Hormuz, raising fears of escalating geopolitical tensions.
Meta has begun offering content creators the option to receive earnings in USDC stablecoin via crypto wallets on Solana and Polygon, marking its return to digital payments after abandoning its Diem project.
Canada’s Department of Finance has proposed a nationwide ban on Bitcoin and crypto ATMs as part of efforts to curb rising fraud targeting vulnerable individuals.
Thom Tillis has called for the Senate Banking Committee to vote on the long-delayed Clarity Act when lawmakers return in mid-May, signalling renewed momentum for US crypto legislation.
Stable Sea has integrated WisdomTree’s tokenised US Treasury money market fund into its platform, enabling businesses to earn yield on idle cash through blockchain-based infrastructure.
Daniel Flax, Neuberger senior research analyst, discusses what the latest round of tech earnings could portend for AI companies like Apple, Broadcom and Nvidia on "Bloomberg The Close."
Meta Platforms Inc. shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it's making to build artificial intelligence models won't pay off. The social-media giant projected full-year capital expenditures between $125 billion and $145 billion, far exceeding analysts' estimates and marking a roughly 7.4% increase from what the company had previously projected. The company is dealing with "higher component pricing" and additional data center costs, Chief Financial Officer Susan Li said in a statement. Bloomberg's Kurt Wagner joins to discuss.
Ford CFO Sherry House discusses first-quarter earnings, SUV and pick-up truck sales amid higher gas prices and the automaker's full-year outlook on "Bloomberg The Close."
DA Davidson Managing Director Gil Luria offers his key takeaways on earnings from Amazon, Microsoft and Meta Platforms. He speaks on "Bloomberg The Close."
Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, says the market took the Federal Reserve easing bias out at the onset of the war in Iran.
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