Bitcoin rallied on Tuesday afternoon, driven by better-than-expected first-quarter earnings from Alphabet and Microsoft. In contrast, both equities and Treasury yields faced a decline on the same day, hinting at the overall uncertainty in the financial markets.
The crypto industry remains preoccupied with Washington's ongoing 'war in crypto' This week, Michael Casey, the Chief Content Officer of CoinDesk, approaches the apparent increase in regulatory hostility from U.S. authorities from a fresh perspective: revenge.
According to a blog post from blockchain analysis firm Chainalysis that came out on Tuesday, cryptocurrency hacks caused losses of $1.9 billion in the first seven months of the year. This was caused by a rise in funds stolen from decentralized finance (DeFi) protocols.
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