Crypto News

Klaus Schwab Steps Down as World Economic Forum Chairman After More Than 50 Years

The 87-year-old founder of the elite think tank with a mission to “improve the state of the world” announced his resignation on Monday. End of an Era: WEF Founder Klaus Schwab Announces Resignation Klaus Schwab, Chairman and founder of the World Economic Forum (WEF), resigned from his role on Monday, according to a press releaseSource link

U.S. Derivatives Watchdog Weighs 24/7 Action With Crypto Oversight on Horizon

Bitcoin is the crypto sector's top asset and is also universally defined by U.S. regulators and courts as a commodity, putting it under the jurisdiction of the Commodity Futures Trading Commission. That agency is now seeking public comments on whether it should open the wider world of derivatives to around-the-clock trading, as already executed for bitcoin and other digital assets.Though the CFTC is expected to be established as a crypto market regulator in Congress' ongoing effort to establish industry rules, the agency's invitation for comments issued on Monday doesn't explicitly discuss digital assets oversight. The request notes that "technological advancements and market demand" are pushing CFTC-regulated firms toward being able to handle transactions at all times. “As I have long...

Finally, AI That Helps Dishonest Morons Look Smart

Cluely sits quietly in the background, giving users answers during online tests and video interviews while bypassing detection systems.Source link

Hashprice Below $40? Mining Report Paints a Stark Picture for Bitcoin Miners

Bitcoin miners face the tightest margins since 2023, warns theminermag.com’s Head of Research Wolfie Zhao, as hashprice flirts with critical break‑even territory. Trump Tariffs Add Jitters to Miners Already Hit by Rising Difficulty, Study Finds According to theminermag.com data compiled by Wolfie Zhao, hashprice temporarily fell below $40 per petahash per second in early April,Source link

Publicly Traded Firm’s Stock Spikes 335% After Raising $100M to Fuel Solana Reserve

Nasdaq-listed Upexi has raised $100 million in fresh funding, with most of it slated to go towards establishing a Solana treasury reserve.Source link