Hamas' Crypto Ties May Lend Energy to Sen. Warren's Money Laundering Bill
13.10.2023
The revelations that the terrorist group behind last week’s attack on villages in southern Israel that left more than 1,200 Israelis dead was partially funded with cryptocurrency may lend additional weight to an effort from Sen. Elizabeth Warren (D-Mass.) and others to push for a law targeting...
Initia Emerges from Stealth Mode with Pre-Seed Funding from Binance Labs
13.10.2023
Initia, a network designed for highly interconnected modular rollups, has come out of stealth mode with a significant pre-seed investment from Binance Labs, the venture capital and incubation arm of Binance.
Initia’s platform, built on Cosmos (ATOM) as a Layer 1 (L1) network, combines...
UK Parliament Committee Cautions Against Soccer Clubs' Fan Tokens
13.10.2023
The UK House of Commons Culture, Media, and Sport Committee has released a report warning soccer clubs against the use of fan tokens.
In a 30-page report, the committee explored the intricacies and challenges presented by non-fungible tokens (NFTs) in both the arts and sports sectors....
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SEC Faces Midnight Deadline to Appeal Court Ruling on Grayscale Bitcoin ETF
13.10.2023
As the clock approaches midnight Eastern Time today, the U.S. Securities and Exchange Commission (SEC) faces an important deadline to appeal a court order regarding Grayscale Investments' Bitcoin ETF application.
If the SEC takes no further action, Grayscale's application for converting...
SBF Trial: Crypto Lender BlockFi Believed Alameda Was Solvent Given Balance Sheet It Was Shown, CEO Testifies
13.10.2023
BlockFi lost “a little over a billion dollars” due to its involvement with FTX and Alameda Research, Zac Prince said
Sam Bankman-Fried's legal team moves to pursue theory on FTX terms of service
13.10.2023
Lawyers petitioned the court to allow them to question witnesses for the prosecution based on FTX’s terms of service, as well as preclude testimony from “lay fact witnesses”
Best Crypto to Buy Now October 13 – Filecoin, IOTA, The Sandbox
13.10.2023
New revelations from former Alameda Research CEO Caroline Ellison surfaced today regarding the crypto hedge fund's financial relationship with FTX prior to the exchange's collapse.
Speaking to Alameda staff in Hong Kong last November, Ellison acknowledged the firm borrowed large sums from...
Grayscale’s Bitcoin Trust Discount to NAV Narrows Sharply to a 16.59% Gap
13.10.2023
Grayscale’s Bitcoin Trust, known as GBTC, has witnessed a significant shift in its market dynamics. In January 2023, GBTC traded at a significant 48.31% discount to its net asset value (NAV). Today, that gap has narrowed to 16.59%, indicating changes in market sentiment and presenting...
U.S. House Speaker Drama Could Threaten to Unravel Crypto's 2023 Chances
13.10.2023
Republicans in the U.S. House of Representatives are sprinting toward the worst case scenario in their scramble for a new speaker of the House, and their infighting could worsen the prospects for crypto legislation this year
Landmark Ruling: Chinese Court Rejects Crypto Lending Again
13.10.2023
Crypto lending activity still falls outside the purview of China’s legal system, ruled a Chinese court in the second ruling of the nation’s kind on Tuesday.
Per a press release from the Nanchang People’s Court, lending out virtual currency and requesting a return “is not within the scope of civil...
French Regulator Concludes DeFi Public Consultations, Views Ecosystem as “Disintermediated”
13.10.2023
The Autorité de Contrôle Prudentiel et de Résolution (ACPR), a body within the French Central Bank published a summary of the public consultation it held on decentralized finance (DeFi).
The document released on Oct 12, outlines a key path toward regulations in the sector to address the risky...
Biggest Movers: DOGE Rallies, After Bouncing From Key Support Point
13.10.2023
Dogecoin was a notable mover on Friday, as the meme coin rebounded from a key support point. The move came after two consecutive days of declines, pushing price near a two-month low. Solana also ended a losing streak in today’s session. Dogecoin (DOGE) Dogecoin (DOGE) rose higher in today’s...