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Ferrari to Extend Cryptocurrency Payments to Europe: Reuters
Ferrari (RACE) will extend its provision for cryptocurrency payments to Europe by the end of July, Reuters reported on Wednesday. The Maranello, Italy-based luxury sports car manufacturer began accepting crypto in the U.S. last October, in partnership with BitPay. Bitcoin {{BTC}}, ether {{ETH}} and USD coin {{USDC}} were the tokens accepted. Ferrari is now extending the program to Europe "to support dealers in better addressing the evolving needs of its clients," Reuters said, citing a company statement. The company plans to extend the service to other markets by the end of 2024.
What Does Kamala Harris' (Presumptive) Nomination Mean for Crypto This Election?
Vice President Kamala Harris is now the presumptive Democratic Party nominee for President of the United States, after President Joe Biden abruptly announced he was withdrawing from the race. With her assent to the top of the party ticket comes questions about how a potential Harris Administration might differ from the Biden Administration's approach to crypto.
Coinbase Narrows Demand for SEC Chair Gensler's Crypto Messages
Coinbase Inc. (COIN) is going after internal chatter at the U.S. Securities and Exchange Commission (SEC) that may shed light on its pursuit of cryptocurrency exchanges as illegal enterprises – including Chair Gary Gensler's own communications – but the scope of its latest request filed on Tuesday has been dialed back after resistance from a federal judge.
Bitcoin Slips to Near $65K as Mt. Gox Creditors Receive Assets on Kraken
The imminent distribution of nearly $9 billion worth of bitcoin and bitcoin cash to Mt. Gox creditors have been a major overhang on crypto markets, with investors concerned about how much of those assets will be sold.
Shark Tank's Kevin O'Leary on Crypto Investing, Ether ETFs and Gary Gensler
Kevin O 'Leary, chairman of O'Leary Ventures and "Mr. Wonderful" on "Shark Tank," spoke with CoinDesk's Jennifer Sanasie. The following is a lightly edited transcript of their interview. Jennifer Sanasie: Alright, I gotta talk about that background. It just looks so lovely. What? Where? Are you sitting by a pool right now? Kevin O'Leary: It's right behind me, it's the Hamptons. I thought it would celebrate a summertime moment. It's a great summer we're having, in particular with crypto policy, so why not enjoy? JS: Exactly. I am completely with you. Well, honestly, it sounds like you've been having a really fun summer. I saw you on stage on Twitter with the Jeff Tuohy band on X just living life, Kevin.
DeFi Giant dYdX Says Its v3 Platform Is Compromised – Just as It's Reportedly Up for Sale
Decentralized crypto-exchange giant dYdX said Tuesday that one of its on-chain trading services has been "compromised" and warned users against visiting dydx.exchange until further notice. Specifically, the website for dYdX v3, an older version of its trading platform that averages around $1.5 billion in weekly derivatives trading volume, "has been compromised," per a tweet. The attack does not appear to impact funds traders already have on dYdX, as only the web domain, and not the underlying smart contracts, appear to be being targeted, according to statements in dYdX's Discord server. We just learned that https://t.co/EP4KSH5Nmw has been compromised.Please do not visit the website or clink any links until further notice. An update will be provided when available.This message does not relate to dYdX v4.
2 Promoters of Forcount Crypto Ponzi Scheme Plead Guilty to Wire Fraud Conspiracy
Two more promoters of the Forcount crypto ponzi scheme – a Brazil-based scam that bilked Spanish-speaking investors out of $8.4 million between 2017 and 2021 – have pleaded guilty to their roles in the scheme.
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