A coalition of 25 technology companies, including Nvidia, Meta, and Microsoft, has sent a letter to Washington policymakers urging them not to restrict open-weight AI models. The signatories argue that open-source development fosters innovation, competition, and broader access to advanced tools, and warn that heavy-handed regulation could
Bitcoin mining pool Poolin has entered bankruptcy proceedings, leaving roughly 11,700 users with claims totaling $164 million in unpaid wallet balances. Signed offers to creditors amount to just 31.8% of the outstanding IOUs, and that figure reflects only gross arithmetic. In practice, recoveries are likely to fall below
The European Union is preparing its 21st sanctions package against Russia, marking the first time the bloc has considered banning third-country crypto service providers as part of its restrictive measures. The package targets a network reportedly worth $120 billion and names 14 crypto companies, though the EU has not
Poolin, the Singapore-based mining operation that once commanded close to a fifth of Bitcoin's global hashrate, has filed for bankruptcy and now faces $173 million in liabilities. The company, formerly ranked among the largest Bitcoin mining pools in the world, is selling off its remaining assets to
A group of publicly traded companies that once accumulated bitcoin as a core treasury strategy are now unwinding those positions under financial pressure. Falling share prices, mounting debt obligations and challenging market conditions have pushed several former bitcoin accumulators to sell holdings, repay borrowings and restructure their operations. Some are
Once a dominant force in crypto derivatives, BitMEX has completed a business review and confirmed it will shut down on September 23, instructing customers to close positions and withdraw funds beforehand. Unlike the collapse of FTX, this closure comes without a balance-sheet shortfall, frozen withdrawals, or bankruptcy proceedings. Kaiko
Cryptocurrency majors edged lower as investors weighed the latest round of technology company earnings and looked ahead to next week's Federal Reserve meeting. Dogecoin led the decline, falling 4.5%, while ether dropped 2.5% in a broad but relatively modest retreat across major digital assets. Despite the