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Voyager Digital’s Bankruptcy Battle Racks Up Millions in Legal Expenses

A recent court filing from the now-insolvent Voyager Digital Holdings and its creditor committee revealed that legal expenses amounting to $16.5 million have accumulated from July 22, 2022, through May 18, 2023. The records indicate that between…

LBank Labs Launches $10 Million MEME Special Fund, Aiming to Nurture High-Quality Early-Stage Innovation Projects

PRESS RELEASE. LBank Labs, the venture capital arm of the global exchange LBank, has today announced the establishment of a $10 Million MEME Special Fund. The move is intended to encourage high-quality early-stage innovative MEME projects, foster…

The High Rate Environment —  Bank of America Faces Paper Losses Exceeding $100 Billion

Following the aftermath of the United States’ three major bank collapses, several market observers argue that the banking crisis in the country persists. Bank of America has recently garnered significant attention, with the Federal Deposit…

‘Bidenomics’ Agenda Struggles to Gain Support as Joe Biden’s Approval Ratings Plummet

Over the past week, U.S. president Joe Biden has been engaged in discussions regarding his economic agenda, commonly referred to as “Bidenomics,” with the aim of establishing a strong groundwork for his 2024 reelection campaign…

Coinbase Shares Skyrocket Over 30% After Nasdaq and Cboe Amend Bitcoin ETF Applications

During the initial half of 2023, Coinbase shares experienced a significant surge, rocketing over 30% this week as Nasdaq and Cboe refiled spot bitcoin exchange-traded fund (ETF) applications on behalf of numerous fund managers. The revisions…

Latest Thai Securities Guidelines Require Digital Asset Platforms to Issue Crypto Trading Risk Warnings

According to Thailand’s securities regulator, digital asset service providers will be required to warn prospective investors of the risks that come with trading or investing in cryptocurrencies. The guidelines also state that starting on Aug…

Dappradar: Metaverse Projects Command 43.68% of the Web3 Investments in 2023

While metaverse and virtual world projects have nosedived, a recent report of Dappradar, a Web3 tracking site, has revealed that venture capital firms have invested $707 million in these projects since the start of 2023. This means that, even when…

Reality TV Star Phaedra Parks Empowers 13-Year-Old Son With $150,000 to Invest in Cryptocurrency and Rental Properties 

According to a recent interview with “Real Housewives of Atlanta” cast member Phaedra Parks, the reality TV star gave her son $150,000 to invest and learn about building wealth. Parks mentioned that her 13-year-old son, Ayden, is…

Singapore Implements New Crypto Regulations Targeting Custody, Lending, Staking

Singapore has implemented new regulations for crypto service providers in a bid to enhance investor protection and maintain market integrity within the cryptocurrency industry. The Monetary Authority of Singapore (MAS) will also restrict lending…

Nigeria Currency Presently Undervalued Says Bank of America Analysts

According to Bank of America analysts, the Nigerian currency is currently undervalued and will likely end the year trading at around NGN680 per dollar. The analysts assert that higher oil revenues and a liberalized import regime will likely see…

Nasdaq Resubmits Blackrock Spot Bitcoin ETF Application, Inks Agreement With Coinbase for Surveillance-Sharing

After the four firms that filed for spot bitcoin exchange-traded funds (ETFs) resubmitted their applications with the U.S. Securities and Exchange Commission (SEC), the asset manager Blackrock followed suit with an amended application. Similar to…

Report: Revolut to Delist Polygon, Solana, and Cardano Amidst Evolving US Regulations

According to a report published on Monday, the British fintech firm Revolut plans to delist the cryptocurrency assets polygon, solana, and cardano from its U.S.-based platform. Revolut cited evolving regulations in the United States, and users will…

Litecoin Surges in Value Amidst EDX Listing and Imminent Reward Halving, Enters Top Ten Rankings

During the past fortnight, the crypto asset litecoin (LTC) has surged over 40% against the U.S. dollar after the crypto exchange EDX announced the listing of LTC alongside three other prominent digital currencies. Additionally, Litecoin is on the…

Latam Insights — Argentina Settles IMF Payment in Yuan; Brazilian CBDC to Be Launched in 2024

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina settles part of its $44 billion debt with the International Monetary Fund (IMF) using the Chinese…

Elon Musk Sparks Controversy With Twitter Rate Limits — Censorship Expert Says Musk ‘Has Stepped on a Rattlesnake’

Social media giant Twitter has imposed limits on user accounts due to “extreme levels of data scraping and system manipulation,” said Tesla CEO and Twitter chief Elon Musk. The billionaire “has no idea the DARPA rattlesnake he…

Tim Draper Adjusts Timeframe for His $250K Bitcoin Price Forecast

Venture capitalist Tim Draper has adjusted his projected timeframe for bitcoin’s price to reach $250,000. Maintaining an optimistic outlook, Draper still expects the world’s largest cryptocurrency to reach his predicted price target…

Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June

The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn from the stablecoin token…

Liquid Staking Defi Platforms Now Secure Over 10 Million Ethereum Worth Close to $20B

Based on recent data, over ten million ethereum is now secured within liquid staking derivatives platforms, with a valuation close to $20 billion at current exchange rates. Two leading liquid staking decentralized finance (defi) protocols, Lido…

Bittrex Requests Dismissal of SEC Lawsuit, Arguing for Congressional Approval in Crypto Regulation

According to a recent court filing, the U.S. subsidiary of Bittrex has requested the dismissal of the case filed against the exchange by the U.S. Securities and Exchange Commission (SEC). Attorneys for Bittrex argue that the SEC cannot regulate…

Chatgpt Accounts Found on Darknet, North Korean Analyst on Dollar Dominance, BCH Hashrate Rises With Price, and More — Week in Review

It’s been an action-packed week in the world of finance and crypto, and moving into July, there’s a lot to cover to get up to speed: compromised Chatgpt accounts being sold on darknet markets, Bitcoin Cash’s hashrate shooting…