Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit
Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss the Federal Trade Commission (FTC) lawsuit against him. In the motion, Mashinsky argues the FTC has failed to allege he violated any laws or rules. His lawyers say the…
Bitcoin’s Path to Money: Menger’s Theory and the Debate on Medium of Exchange vs. Store of Value
Over the past ten years, fervent supporters of digital currency have engaged in intense debates: Is bitcoin (BTC) designed as peer-to-peer electronic cash as illustrated in Satoshi’s groundbreaking white paper, or does it serve as a digital…
50 US Lawmakers Reintroduce ‘CBDC Anti-Surveillance State Act’ to Protect ‘the American Way of Life’
Fifty U.S. lawmakers have reintroduced the CBDC Anti-Surveillance State Act to prohibit the Federal Reserve from issuing a retail central bank digital currency “while protecting innovation and any future development of true digital cash.”…
JPMorgan CEO Jamie Dimon Warns of Recession — Says ‘Huge Mistake’ to Think US Economy Will Boom for Years
Jamie Dimon, chairman and CEO of JPMorgan Chase, has warned that it is “a huge mistake” to think that the U.S. economy will boom “for years” given that there are so many risks out there. The executive stressed: “I just…
Lightspark CEO David Marcus Profiles Bitcoin as Global Payment Network
David Marcus, CEO of Lightspark and co-creator of Diem, Meta’s failed cryptocurrency project, explained his intentions of turning Bitcoin into a global payments network. Marcus explained that there was no universal protocol for sending value…
21co Unwraps New Suite of Wrapped Cryptocurrencies
21.co, the parent company of crypto exchange-traded products provider 21shares, has introduced a suite of wrapped tokens pegged to top crypto assets across multiple blockchains. The wrapped tokens are designed to increase liquidity and…
Canaan Unveils Cutting-Edge Avalon 14 Series Bitcoin Miners
At the “Avalon Bitcoin & Crypto Day” conference in Singapore, the bitcoin mining application-specific integrated circuit (ASIC) manufacturer Canaan showcased its new Avalon-made 14 series mining rigs. One of the mining machines, the…
Suspected $28 Million Coinex Hot Wallet Hack Emerges
Numerous reports have surfaced, pointing to a potential security breach in Coinex’s hot wallets, suggesting a hacker’s involvement. Peckshield, a blockchain security and data analytics firm, observed a concerning pattern – an…
IMF Publications’ Report Highlights Growing Risks of Generative AI in Financial Sector
As artificial intelligence (AI) continues its expansion into the finance sector, a new report published on the International Monetary Fund (IMF) Publications web portal cautions about risks associated with the latest AI capabilities in the…
Biggest Movers: BCH 6% Higher, as Price Nears $200 Level
Bitcoin cash was one of Tuesday’s biggest movers, as bullish sentiment returned to markets, following recent declines. After huge losses on Monday, bulls have seemingly moved to buy the dip in price, pushing the global market cap 1.55%…
Vitalik Buterin Confirms His X Account Was Hacked by SIM Swap
Ethereum founder Vitalik Buterin took to social media to share details about the hacking of his profile on X, formerly Twitter. The influential crypto figure confirmed suspicions that the account was targeted in a SIM swap attack allowing…
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 3-Month Low, as Bulls ‘Buy the Dip’
Bitcoin dropped below the $25,000 mark late on Monday, as bearish sentiment intensified to start the week. The cryptocurrency has since rebounded, and as of writing is hovering marginally above the $26,000 level. Ethereum also declined, hitting its…
Former FTX CEO Sam Bankman-Fried Allegedly Being ‘Extorted and Physically Harmed’ in Jail
Jeremy Lorenzo, aka “Poops,” has given more insights on the difficulties that former FTX CEO Sam Bankman-Fried is allegedly facing during his stay at Brooklyn Metropolitan Detention Center (MDC). Lorenzo shared that Bankman-Fried had…
Wirex and Polygon CDK Join Forces to Revolutionize Digital Payments With W-Pay
PRESS RELEASE. Wirex, a major player in crypto payments with over 6 million users, has chosen to partner with Polygon CDK (Chain Development Kit) to create a new App Chain focused on payments, named W-Pay. This move marks a significant development…
Report: More Than 50 Virtual Currency Platform Operators Want to Join the Taiwan Market
About 52 virtual currency operators have shown interest in joining Taiwan’s financial market, the Financial Supervisory Commission has said. The commission also said that it is planning to announce the region’s first virtual asset…
Examining the Concept of Flatcoins: Crypto Tools to Battle Inflation
With the issue of inflation rising as a real problem for global economies last year, there has been a renewed need for people to seek a way of preserving their purchasing power. Flatcoins, stable currencies that change their value according to the…
Decentralized Exchange Sushi Ventures Beyond Ethereum by Expanding to Aptos
The decentralized crypto exchange Sushi is expanding to the Aptos blockchain. The team noted that the move marks Sushi’s first expansion onto a non-EVM blockchain. From Ethereum to Aptos Sushi is a decentralized exchange (dex) and automated…
Coinbase Cloud and Kiln ‘Unlock’ Native Ethereum Staking: No More 32 ETH Minimum
Coinbase Cloud and blockchain infrastructure company Kiln are now allowing ethereum (ETH) users to stake any amount of ether natively. The new offering removes the previous 32 ETH minimum staking requirement. Staking for All: Coinbase Cloud and…
India to Finalize Crypto Stance in Coming Months, Economic Affairs Secretary Says
India’s economic affairs secretary says the Indian government will decide on the country’s crypto position “in the coming months.” He explained that the government will consider all the recommendations presented at the G20 summit…
Coinbase CEO Discusses US Crypto Regulation — Sees More Institutional Investors Coming In
Coinbase CEO Brian Armstrong has explained that crypto regulation in the U.S. will happen in one of a few ways. He noted that Coinbase is seeing more institutional investors coming in and signing up as they seek “a flight to quality.”…
Study: Weekly Digital Asset Investment Outflows Hit $59M; BTC Sees Largest Drop
In the first week of September, an outflow of $59 million worth of digital assets managed by Digital Asset Funds was recorded, the latest Coinshares data has shown. The latest outflow means the value of digital asset investment products under…
FTX Estate Controls $1.1B in Solana and $560M in Bitcoin Amid Bankruptcy Revelations
The FTX estate, currently overseeing the bankruptcy and restructuring of the once-active crypto exchange, reveals holdings of $1.16 billion in solana (SOL) and $560 million in bitcoin (BTC). 16% of Solana’s Market Cap Is Held by FTX In a…
Bitcoin Dips Below $25K in a Tumultuous Crypto Market, While Traditional Equities Soar on Tesla’s Rise
Bitcoin’s (BTC) value dipped under the $25K mark on Monday, a level unseen in 88 days, pushing the global cryptocurrency market cap perilously close to falling below the $1 trillion benchmark. Presently, BTC is hovering just above the $25K…
Dormant Bitcoin Awakenings: $958 Million in ‘Sleeping Coins’ Stir in 2023
In 2023, a notable wave of dormant ‘sleeping bitcoin’ transactions resurfaced, totaling a staggering 37,330 BTC valued at $958 million based on current BTC exchange rates. Throughout the year, analysis revealed that these inactive…
Biggest Movers: SHIB Plunges to Multi-Month Low on Monday
Shiba inu started the week by dropping to its lowest point since June, as a red wave swept through cryptocurrency markets. This has pushed the global market cap 1.20% lower at the time of writing. XRP fell by as much as 5%, as Ripple’s…
FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse
The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $45 million deal and over $40 million in withdrawals made in the days before FTX filed for bankruptcy. The lawsuit alleges…
Bitcoin, Ethereum Technical Analysis: ETH Below $1,600 Ahead of Key US Economic Releases
Ethereum has started the week below $1,600, as markets appeared to be awaiting the release of several key data points from the United States. After a quiet week, the coming days will see the latest inflation, retail sales, and consumer sentiment…
Nigerian Web3 Startup Nestcoin Secures $1.9 million in Funding
The Nigerian Web3 startup Nestcoin has reportedly secured a total of $1.9 million in funding from both existing and new investors. The capital raised will be used to bolster Nestcoin’s finances and further develop the startup’s…
Environmentalists Rally Against Crypto Mining Facility Renewal in New York, Citing Climate Concerns
Environmental advocates are redoubling their efforts to persuade New York officials to decline an air permit renewal for a cryptocurrency mining facility in North Tonawanda. They assert that the operation imperils residents’ quality of life…
A Look at the Online Safety Bill and How It Might Affect Privacy in the UK
The Online Safety Bill, a piece of legislation that seeks assurances to keep some sites free of illegal and harmful content for U.K. jurisdiction, is facing opposition from tech and messaging giants due to its possible effects on privacy and…
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