151 / 238 Relevant items tagged with #cryptocurrency
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India Cracks Down on Offshore Crypto Exchanges — Blocks Binance, 8 Other Platforms
[Dec 29, 2023 10:30 PM] The Indian government has directed the Ministry of Electronics and Information Technology to bar access to offshore cryptocurrency exchanges deemed illegal within the country. The nine affected crypto platforms include Binance, Kucoin, Huobi…
US Lawmakers Seek to Fire SEC Chair Gary Gensler in 2024
[Dec 29, 2023 8:30 PM] Two U.S. lawmakers have joined forces in an effort to fire Securities and Exchange Commission (SEC) Chairman Gary Gensler. “2024 would be a great time to fire Gary Gensler, pass the SEC Stabilization Act, [and] hold the SEC accountable for…
DOJ Halts Second Trial Against FTX’s Bankman Fried, Citing Sufficiency of Initial Evidence and ‘Public Interest’
[Dec 29, 2023 7:30 PM] On Dec. 29, 2023, past 6 p.m. Eastern Time (ET), the Department of Justice (DOJ) conveyed in a letter to Judge Lewis Kaplan its decision to not move forward with a subsequent trial against Sam Bankman-Fried, the ex-CEO of FTX. FTX’s Bankman…
Senate Ethics Committee Urged to Investigate Senator Elizabeth Warren on Misleading Crypto Statements
[Dec 29, 2023 6:30 PM] The CEO of the Chamber of Digital Commerce says the Senate Ethics Committee should launch a full investigation on Senator Elizabeth Warren for making false and misleading statements about crypto. “Senator Elizabeth Warren has misled the…
Coinbase Custody Head Departs As Crypto Giant Prepares For Bitcoin ETF Services
[Dec 29, 2023 6:00 PM] According to Bloomberg, Coinbase Global has recently experienced a change in leadership within its custody division. The departure of Aaron Schnarch, former CEO of Coinbase Custody, has been confirmed by a spokesperson, who also revealed that…
Record Crypto Options Volume Expires Pre-Bitcoin ETF Deadline: Analyzing BTC And ETH Reactions
[Dec 29, 2023 4:00 PM] The recovery of the overall crypto market this year has spurred a surge in the digital-asset derivatives market as institutional investors seek exposure to the crypto space. According to a recent Bloomberg report, the deadline for US regulators to…
Vitalik Buterin Reflects on Web3’s Diminishing Vision Amidst Rising Transaction Fees
[Dec 29, 2023 1:30 PM] In a candid evaluation of the current state of Web3, Ethereum co-founder Vitalik Buterin laments the fading vision of a decentralized internet. Buterin emphasizes the stifling effect of rising crypto transaction fees on innovation and broad-based…
Okx to Cut Ties With Privacy Coins Amid Regulatory Heat, Triggering Market Dip
[Dec 29, 2023 12:00 PM] In light of the ongoing dialogue around Binance’s removal of privacy coins, the cryptocurrency exchange Okx has declared the removal of various spot trading pairs linked to privacy tokens such as monero, zcash, and dash. Okx attributes its…
CAKE Token Supply Cut — Pancakeswap Community’s Decisive Vote Spurs Market Surge
[Dec 29, 2023 10:30 AM] The Pancakeswap community has sanctioned a governance vote to eliminate 300 million CAKE tokens from the crypto asset’s total supply. Records indicate that a substantial 97.88% of community votes supported the reduction of 300 million CAKE…
Judge Grants Summary Judgment for SEC in Landmark Crypto Case Against Terraform Labs
[Dec 29, 2023 8:30 AM] In a definitive ruling, U.S. District Judge Jed Rakoff favored the Securities and Exchange Commission (SEC) in the multi-billion-dollar fraud case involving Terraform Labs and its founder, Do Kwon. Rakoff noted that the Howey test criteria were…
Reports State at Least $1.7B Was Lost in Hacks and Exploits During 2023
[Dec 29, 2023 6:30 AM] Several reports that have recently surfaced have revealed the extent of losses that crypto platforms and users faced during 2023 as a product of exploits and hacks. TRM Labs’ latest report states that the number ascended to $1.7 billion…
Tether CEO Paolo Ardoino Celebrates USDT’s $91.5B Market Cap: ‘Tether Evolved’
[Dec 29, 2023 3:30 AM] Tether CEO Paolo Ardoino made a retrospective about the company’s growth since its beginnings. In a post in X, Ardoino celebrated the current standing of the company, with its USDT stablecoin reaching a $91.5 billion market cap on several…
Ark Invest CEO Cathie Wood Expects Spot Bitcoin ETFs to Boost BTC Price ‘Significantly’
[Dec 28, 2023 10:30 PM] Cathie Wood, CEO of Ark Investment Management, foresees widespread institutional involvement in spot bitcoin exchange-traded funds (ETFs) following anticipated approval by the U.S. Securities and Exchange Commission (SEC). “All we need is for…
Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis Indicates
[Dec 28, 2023 6:30 PM] An analysis by crypto intelligence firm Arkham indicates that Donald Trump, the 45th President of the United States, is selling millions of dollars in ether acquired from selling his non-fungible token (NFT) collections. The analytics firm also…
Binance 2023 Report Reveals: 40 Million New Users Added, Total Registered Users Reach 170 Million
[Dec 28, 2023 6:30 PM] In its recently released 2023 review report, Binance, the world’s leading cryptocurrency exchange, showcased significant growth despite facing legal disputes and regulatory scrutiny. The report highlighted the evolving crypto market…
Elon Musk Criticizes NFTs, Gives Nod to Inscriptions: ‘At Least Encode the Jpeg on the Blockchain’
[Dec 28, 2023 4:30 PM] Elon Musk, the chairman of X, has referred to non-fungible tokens (NFTs) and the defects of their implementation, indirectly making the case for inscriptions. Answering a post on X on the topic of NFTs, Musk suggested saving the jpeg (an image…
Cathie Wood’s ARK ETF Overhauls Bitcoin Portfolio: ProShares In, Grayscale Out – What’s The Strategy?
[Dec 28, 2023 3:30 PM] In a significant shake-up of its Bitcoin (BTC)-related holdings, Cathie Wood’s ARK Next Generation Internet exchange-traded fund (ETF) has made strategic changes as BTC ends the year with a significant 156% surge. According to a Bloomberg…
Study Observes Consolidation of Bitcoin Mining Rewards With Antpool
L2 Protocol Blast Soars Past $1 Billion in Locked Crypto Value
[Dec 28, 2023 12:30 PM] Statistics reveal that the Ethereum layer two (L2) platform Blast now secures over $1 billion within its protocol. The total value locked (TVL) in Blast has expanded more than twelvefold since its launch in late November. Blast’s TVL Hits $1…
FTX Estate Faces Objections Over Lowered Crypto Claims Valuation Amid Bankruptcy Proceedings
[Dec 28, 2023 10:30 AM] On Dec. 27, 2023, FTX debtors released a projected valuation of claims involving digital assets, with the proposal suggesting conversion of claims into dollar amounts pegged to crypto asset values as of Nov. 11, 2022. Consequently, an individual…
Publicly Listed Bitcoin Miners Soar in 2023 — Marathon Leads With 767% Surge
[Dec 28, 2023 8:32 AM] Since the year began, both bitcoin and the broader crypto economy have risen a great deal in value, with bitcoin climbing over 150% since Jan. 1, 2023. Yet, an impressive 11 out of 13 bitcoin mining firms listed on Nasdaq have seen even more…
Kyberswap Exploit Fallout: Platform’s Workforce Cut by 50%
[Dec 28, 2023 2:30 AM] The CEO of Kyberswap, the decentralized finance aggregator, revealed on Christmas Day that the platform recently laid off 50% of its workforce. The CEO added his organization is in the process of creating a voluntary database that is expected to…
Hong Kong Regulator Prepares to Approve In-Kind Spot Bitcoin ETFs
[Dec 27, 2023 10:30 PM] Hong Kong’s financial regulator has published rules for spot bitcoin exchange-traded fund (ETF) issuers, allowing the use of both cash and in-kind creation models. This approach contrasts with the U.S. Securities and Exchange Commission…
Bitcoin Price Prediction: ETC Group Anticipates Surpassing $100,000 By End 2024
[Dec 27, 2023 10:00 PM] Numerous price predictions have emerged as the Bitcoin price continues to demonstrate significant growth throughout the year, fueled by factors such as the upcoming halving event and potential approval of a spot Bitcoin exchange-traded fund (ETF)…
Grayscale Adopts Cash Model for Spot Bitcoin ETF but Warns of ‘Adverse Consequences’
[Dec 27, 2023 8:30 PM] Grayscale Investments has adopted the cash creation model, instead of the in-kind model, for its proposed spot bitcoin exchange-traded fund (ETF). However, the crypto asset manager warned of adverse consequences. “A spot commodity exchange-traded…
Binance Coin (BNB) Blazes Ahead: Predictions Point To New All-Time Highs In First Half Of 2024
[Dec 27, 2023 8:00 PM] Binance Coin (BNB), despite experiencing a significant decline earlier this year due to market volatility and the SEC lawsuit against Binance and its founder Changpeng Zhao (CZ), has shown remarkable recovery and promising prospects. Recent data…
Former SEC Official Warns Spot Bitcoin ETFs Will Create ‘Wall Street Fee-Sucking Scam of Epic Proportions’
Altcoin Fortunes Declined When Paired Against BTC in 2023 Despite Crypto Market Surge
[Dec 27, 2023 2:30 PM] Over the past year, bitcoin surged by 153%, with numerous other digital currencies also seeing substantial increases. Yet, assessing the top cryptocurrencies in relation to bitcoin’s performance, the annual shifts present a distinctly varied…
Major Acquisition: MicroStrategy Grows Bitcoin Reserves By 14K BTC Ahead Of ETF Approval
[Dec 27, 2023 1:00 PM] MicroStrategy (MSTR), a prominent Bitcoin holding company, has once again expanded its BTC holdings with a substantial purchase of 14,620 Bitcoin, amounting to a staggering $615.7 million. The former CEO of the American business intelligence (BI)…