Michael Saylor, the executive chair of major Bitcoin-buying firm Strategy, formerly MicroStrategy, says institutions posting onchain proof-of-reserves is a “bad idea” that could pose security risks. “The current, conventional way to publish proof of reserves is an insecure proof of reserves,” Saylor said when asked about institutions adopting the transparency measure at a May 26…
Turnkey, a crypto infrastructure company founded by former Coinbase Custody builders in 2022, has raised $30 million in a Series B round to create an “open infrastructure layer” for crypto, which the company says will help the industry evolve in a similar way to the internet. Bain Capital Crypto led the round with participation from…
Translated by Nicola Mira Published May 14, 2025 May 13 was the deadline for potential buyers of French fashion chain Jennyfer to file their bids. Jennyfer, which has 999 employees, was placed in judicial liquidation while continuing to trade on April 30, and FashionNetwork.com has learnt from sources close to the matter that 12 bids for…
At Le Bouillon Chartier in Paris, the recipe for a perfect beef Bourguignon involves beef, carrots, wine, butter and “coquillettes,” a tiny macaroni-shaped pasta. It is cooked for at least three hours. And it must be affordable, so the price cannot be more than 10 euros a dish. Since 1896, the belle epoque eatery has…
Guess Inc. announced on Thursday sales for the fiscal 2025 year increased 8% to $3 billion, on the back of a solid fourth quarter helped on by the U.S. retailer’s Rag & Bone acquisition. Guess The Los Angeles-based company said fourth-quarter sales grew 5% to $932.3 million for three months ending February 1. By region, Europe revenues increased…
A crypto wallet tied to the defunct dark web marketplace Alphabay was reportedly behind the donation of $31 million worth of Bitcoin to Silk Road creator Ross Ulbricht, according to blockchain analysis. Blockchain analytics firm Chainalysis told WIRED for a June 5 report that it had tied the 300 Bitcoin (BTC) donated to Ulbrich earlier…
May 15, 2025; Baltimore, Maryland, USA; Minnesota Twins outfielder Dashawn Keirsey (21) greeted by third baseman Royce Lewis (23) following his two run home run during the third inning against the Baltimore Orioles at Oriole Park at Camden Yards. Mandatory Credit: Mitch Stringer-Imagn Images The Minnesota Twins are accumulating victories at a near-record pace. Unfortunately,…
Big Four accounting firm EY, formerly Ernst & Young, has changed its enterprise-focused Ethereum layer-2 blockchain Nightfall to a zero-knowledge rollup design as it says corporate clients are more comfortable with privacy solutions with easing US sanctions. EY said in an April 2 announcement that Nightfall’s new source code, “Nightfall_4,” simplifies the network’s architecture and…
Mar 14, 2025; New York, NY, USA; St. John’s Red Storm forward Zuby Ejiofor (24) reacts after a basket and a foul during the second half against the Marquette Golden Eagles at Madison Square Garden. Mandatory Credit: Brad Penner-Imagn Images NEW YORK — Among the things St. John’s focused on in its renaissance during coach…
Crypto custody and trading firm Bakkt Holdings has appointed a new co-CEO and is cutting some of its services to focus on its crypto offerings after recently losing two major clients. Akshay Naheta, the founder of stablecoin payments infrastructure firm Distributed Technologies Research (DTR), will join Bakkt CEO Andy Main in the role, the company…
