Turkish authorities have confirmed the detention of HEX and PulseChain founder Richard Heart, whose legal name is Richard James Schueler, and disclosed the seizure of $7.15 million in cash, six cryptocurrency cold wallets and numerous luxury assets during an investigation involving an Interpol Red Notice.Justice Minister Akın Gürlek said on October 17 that Heart and
The Nasdaq Composite Index closed Friday, October 16, at 26,140.03, down 2.14% on the day and approximately 4.5% for the week, its steepest weekly decline since June. The selling extended a week-long retreat in technology stocks as investors questioned debt-funded artificial intelligence infrastructure spending, semiconductor valuations and the inflationary consequences of oil approaching $110 a
AMD stock fell 5.95% to $528.75 on Friday, October 16, as selling swept across the semiconductor industry and all 30 constituents of the Philadelphia Semiconductor Index finished lower. The index dropped 3.83% to 11,137.29, extending a difficult week for technology stocks as investors questioned the financing behind the artificial intelligence infrastructure boom.Advanced Micro Devices (NASDAQ:
Google Quantum AI has demonstrated a 40-fold reduction in errors when preparing specialized quantum states on its Willow processor, advancing an engineering technique that could eventually help powerful quantum computers break the cryptography protecting Bitcoin wallets.The experiment, published in Science on October 15, achieved approximately 99.99% logical fidelity using a technique called magic state cultivation.
Cryptocurrency-backed political action committees have reported more than $52.6 million in spending supporting Republican Senator Jon Husted and opposing Democratic challenger Sherrod Brown in Ohio’s 2026 Senate race, as the industry increases its political expenditures ahead of the November 3 midterm elections.Federal Election Commission (FEC) disclosures filed on October 15 show that Defend American Jobs,
Cryptocurrency exchange Bitget said on October 17 that it will discontinue services for certain users in a one-time account closure exercise, while maintaining that customer assets remain safe and its wider trading platform continues operating normally.The exchange said affected customers will receive individual notifications explaining withdrawal arrangements, applicable deadlines and the steps required to close
Circle Internet Group (NYSE: CRCL) disclosed that approximately 59% of its $1.4 billion in first-half 2026 revenue went toward USDC distribution, transaction costs and partner payments, leaving the stablecoin issuer with a net profit margin of roughly 7% as competition intensifies over the economics of digital dollars.In an October 16 statement, Circle said it paid
Ledger is facing questions over its handling of earlier hardware-wallet tampering reports after security researchers disclosed warnings dating back to December 2025, months before an October 9 incident involving stolen cryptocurrency and modified devices sold through an authorized reseller.Former Mt. Gox CEO Mark Karpelès said he knew of at least two people who had contacted
French Bitcoin treasury company Capital B reported a net loss of €69.5 million ($78.1 million) for the first half of 2026, compared with a €1.9 million loss a year earlier, as a substantial non-cash impairment on its cryptocurrency holdings overshadowed modest revenue growth.The Euronext Growth Paris-listed company said in its October 15 financial disclosure that
Deutsche Bank expects to launch its first digital asset custody service within weeks, with plans to expand into Asian financial centres in 2027 as Germany’s largest lender moves to build a broader business around cryptocurrencies, stablecoins and tokenized financial instruments.Gerald Podobnik, co-head of Deutsche Bank’s Corporate Bank, confirmed the timetable on October 16 during the