In all likelihood, the move by the Sei Foundation – the organization behind layer1 blockchain Sei – to buy bankrupt genetic data company 23andMe is a long-shot at best, and potentially just a publicity stunt. But, it remains an incredibly exciting idea that has got a lot of people thinking. Were such a deal to […]

Circle Internet Financial, the issuer of the USDC stablecoin, has reportedly hired investment banks JPMorgan Chase and Citi as the underwriters of a hoped-for IPO, Fortune reported. While timing is not yet totally decided, sources say Circle will publicly file its prospectus in late April, meaning a potential IPO perhaps prior to June. The company […]

Ether (ETH), the second-largest cryptocurrency, has dropped 39% this year relative to bitcoin (BTC), the largest, taking the ratio between the two to the lowest in almost five years. At the current level, 1 ETH is the equivalent of 0.02191 BTC. That’s the least since May 2020, when ether was trading around $200 and bitcoin […]

Bitcoin is making its way from trading desks to corporate treasuries, and by the end of the decade, it could be standard practice, according to one analyst. “Across all the different strategies and implementations, I anticipate that by 2030, a quarter of the S&P 500 will have BTC somewhere on their balance sheets as a […]

Terraform Labs, the firm behind the collapsed Luna token and the TerraUSD stablecoin, will open a portal on March 31 to allow investors to file claims for crypto losses tied to the company’s downfall and subsequent bankruptcy. The online system, operated by claims administrator Kroll, is part of the company’s court-supervised wind-down process. Investors have […]