Payward, the parent company of crypto platform Kraken, is raising new capital at a $20 billion valuation, according to two people with knowledge of the matter. Kraken declined to comment on the raise. The latest fundraising round comes as the company ramps up spending on takeovers. Most recently, it bought stablecoin-focused payments firm Reap for […]
The biggest decentralization move bitcoin mining has seen in years just happened quietly, with seven of the largest pools agreeing to back the same open standard. Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc, and DMND have all joined the Stratum V2 working group, the group announced last week. Stratum V2 is an open-source protocol […]
White House adviser Patrick Witt said it’s possible the Clarity Act becomes law by July 4 while Senator Kirsten Gillibrand pushed for an ethics provision in the market structure bill. Consensus Miami 2026 wrapped up with a fiery debate on the role of prediction markets, and a lot otherwise happened at our first conference in […]
MIAMI BEACH, Fla. — Sports betting should be regulated as a federal financial product rather than a state-licensed casino product, two panelists said Thursday. Appearing at Consensus Miami 2026, Jacob Fortinsky, co-founder and CEO of sports betting platform Novig, said the legacy sportsbook model is structurally broken because it treats winning bettors as cheaters. “Sports […]
Trump Media & Technology Group (DJT) reported a $405.9 million first-quarter net loss on $871,200 in revenue, widening from $31.7 million a year earlier as unrealized losses on its crypto holdings weighed on results. The parent company of Truth Social booked $244 million in unrealized losses on its cryptocurrency holdings. It also recorded a $108.2 […]
A Manhattan federal judge has cleared the way for Aave’s recovery effort to move forward after last month’s North Korea-linked rsETH exploit, allowing $71 million in frozen ether to be transferred out of Arbitrum while preserving North Korean terrorism victims’ legal claim on the funds. In a two-page order published late Friday U.S. time, Judge […]
SEC Chair Paul Atkins said Friday the agency is considering changes to how securities regulations apply to blockchain-based financial markets and AI-powered financial applications, as digital asset firms increasingly move trading and settlement activity onchain. Speaking at the AI+ Expo in Washington, Atkins said the SEC is considering formal rulemaking around onchain trading systems, blockchain […]
The crypto industry’s embrace of AI is less about chatbots and more about building financial infrastructure for autonomous machines, says Chappy Asel, a former Apple engineer and founder of AI nonprofit The AI Collective. Speaking at Consensus Miami, Asel, founder of The AI Collective, a global nonprofit AI community with more than 200,000 members across […]
Miami — Bitmine (BMNR), the largest Ethereum treasury firm, may slow the pace of its ether (ETH) accumulation as the firm is inching closer to reaching its accumulation goal, Chairman Tom Lee said Thursday at Consensus 2026 in Miami. The company, which holds over 5.1 million ETH worth around $11.9 billion at current prices, originally […]
Bitcoin lenders may need to become more like traditional finance firms, not less, if they want institutional capital to keep flowing into the sector. At Consensus 2026 in Miami, Alexander Blume, founder and CEO of institutional bitcoin lender Two Prime, argued that the next stage of crypto credit growth will depend less on decentralized finance […]
MIAMI — Eric Trump, the son of President Donald Trump and the co-founder of American Bitcoin (ABTC), said that bitcoin BTC$81,300.63 has reached a sharp influx of traditional financial giants, name-cheacking Bank of America Corp.’s Merrill division, Charles Schwab Corp. and JPMorgan Chase & Co. “JPMorgan, who was crapping all over bitcoin 18 months ago, […]
Lawyers seeking to seize $71 million in frozen ether for victims of North Korean terrorism changed their legal strategy Tuesday, arguing in a new court filing that the April 18 rsETH exploit was not theft but fraud, directly countering Aave’s attempt to void a restraining notice blocking the release of the assets. In a 30-page […]