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Latest from Nelson Wang
Commerce Dept. Asks for Public Comments on Framework for US Crypto Competitiveness
The request is in response to President Biden’s executive order in March asking for agencies to coordinate their approach to digital assets.

Stronghold Digital Beats Q1 Revenue Estimates, Misses on Earnings
Shares of the bitcoin miner that uses waste coal for energy fell slightly in after-hours trading.

US Agencies Warn of Attempts by North Koreans to Get IT Jobs While Concealing Nationality
In many cases, these workers say they are U.S.-based and not North Korean teleworkers, and they often take on virtual currency projects.

Ex-BitMEX CEO Hayes Asks for No Jail Time, Ability to Travel Freely: Report
Lawyers for Arthur Hayes argued he was unlikely to be a repeat offender and included a letter of support from his mother.

MicroStrategy Reports $170M Impairment Charge on Bitcoin Holdings in Q1
The software firm owns 129,218 bitcoins valued at just under $5 billion.

Meta Platforms' 'Metaverse' Division Loses $3B in 1Q
Facebook's parent company reported revenue of $695 million for the division, which beat analysts' expectations.

Robinhood Cuts 9% of Workforce as ‘Hyper Growth’ Slows
CEO Vlad Tenev said the platform’s rapid growth in 2020 and 2021 led to duplication of roles and functions.

Reggie Fowler Pleads Guilty in Crypto Capital Corp. Case Tied to Bitfinex's Missing Millions
The former football player was initially indicted on charges of banking fraud in 2019 and additional charges in 2020.

Tesla’s Bitcoin Holdings Unchanged in Q1
The electric car maker hasn’t bought or sold any of the bitcoin held on its balance sheet for the past four quarters.

US Government Warns of North Korean Crypto Attacks After Tying Nation to $625M Hack
The government said it had observed North Korean cyber actors targeting a wide range of crypto and blockchain companies, including exchanges, DeFi protocols and play-to-earn games.
