Business

In brief Bitcoin ATM operator Bitcoin Depot reported a first-quarter profit of $12.2 million compared with a loss of $4.2 million a year earlier. The company’s stock price popped 22% to $2, but shares remain 79% down from their Nasdaq listing price in July 2023. Democratic lawmakers have called on Bitcoin ATM operators to “curb

Key Takeaways Coinbase offers a $20 million bounty for information leading to the arrest of data breach perpetrators. The data breach affected less than 1% of Coinbase users and no passwords or funds were compromised. Share this article Coinbase has launched a $20 million reward program to identify and bring to justice the perpetrators behind

In brief CoreWeave reported $981.6 million in Q1 revenue, a fivefold increase from the same period last year, but its net loss also deepened to $314 million. Shares rose 6.6% to $67.46 following the report but dropped 7.8% in after-hours trading; the company went public in March at $39 per share. The company forecast up

In brief MoonPay and Mastercard will enable stablecoin payments across 150 million merchants. The deal follows Mastercard’s recent partnerships with OKX, Nuvei, and Circle. Visa is also piloting stablecoin services in six Latin American countries. Mastercard has inked another partnership with a crypto company to provide stablecoin-powered cards, enabling users and businesses to make and

Key Takeaways Coinbase acquired Deribit for $2.9 billion to expand its derivatives market presence. CEO Brian Armstrong indicated interest in further acquisitions, especially international ones. Share this article Coinbase is ready to spend more on acquisitions after reaching a $2.9 billion deal to acquire Deribit, said CEO Brian Armstrong on Bloomberg Television today. Deribit is

In brief JPMorgan Chase settled its first transaction on a public blockchain this week. The transaction comes roughly six years after the Financial titan debuted its decentralized platform, JPM Coin. It marks JPMorgan’s deepening push into blockchain technology as institutional investors embrace tokenized real-world assets. JPMorgan Chase has completed its first transaction on a public

Twenty One, a new publicly traded Bitcoin company that will trade on the Nasdaq via a planned SPAC merger with Cantor Equity Partners, already has nearly $459 million worth of Bitcoin waiting for its treasury thanks to a purchase made by stablecoin giant Tether. In an SEC filing Tuesday, Cantor Equity Partners disclosed that Tether—one

In brief Robinhood has agreed to purchase WonderFi for $179 million. The acquisition marks Robinhood’s entry into the Canadian market. Robinhood and WonderFi shares popped after the announcement. Robinhood plans to enter the Canadian crypto market by acquiring WonderFi, a Vancouver-based firm backed by Shark Tank personality Kevin O’Leary, the retail brokerage said in a