Cathie Wood Bets on Bitcoin Over Gold and Cash as Deflation Hedge for Next Decade
3.11.2023
Cathie Wood has reiterated her confidence in Bitcoin as the go-to asset as hedge against deflation over the next decade. Wood picked Bitcoin over traditional safe havens like gold or cash. Wood believes that deflation is on the horizon, despite the markets’ current focus on heightened...
Coinbase Exceeds Analyst Expectations with Q3 Revenue of $674.1 Million
3.11.2023
Coinbase reported a narrower net loss of $2 million in the third quarter and a total transaction volume of $76 billion, despite a year-on-year increase in revenue, even in the face of lower trading volumes. According to a Nov. 2 earnings statement, the company’s total revenue increased...
SEC seeks summary judgment in Do Kwon and Terraform Labs case
3.11.2023
The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securities
Solana's Rally Marshalled by Buyers From Coinbase, Data Shows
3.11.2023
SOL has gained over 50% in two weeks with buyers from Coinbase playing a major role in powering the cryptocurrency higher
U.S. Authorities Seize $54 Million Worth of Crypto from a Drug Ring Leader
3.11.2023
The U.S. Attorney’s Office is aiming to recover $54 million of crypto in Ethereum from Christopher Castelluzzo, a convicted drug distributor. On Nov. 2, U.S. Attorney Philip R. Sellinger filed a civil forfeiture action. The goal is to reclaim the seized cryptocurrency. This crypto is linked...
Bitcoin Price Prediction: Saylor’s Stand as BTC Dips Amid Fed Shift
3.11.2023
As Bitcoin hovers around $34,667, marking a 3% decrease on Friday, the cryptocurrency world is closely monitoring the stance of prominent figures like Michael Saylor. Despite the dip, Saylor remains steadfast in his belief that one can never be overexposed to Bitcoin. Concurrently, the US dollar...
Developers on Google Cloud to ‘Verify’ Smart Contracts With Space and Time’s ZK-Proof Protocol
3.11.2023
Developers working with the Google Cloud data warehouse known as Bigquery can now verify blockchain smart contracts and other business processes using Space and Time’s zero-knowledge (ZK)-proof protocol. The protocol is said to be useful for enterprises that are looking to connect their respective...
Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders
3.11.2023
The Aragon Association, one of the biggest crypto projects building tools to support decentralized governance, has decided to dissolve, distributing most of its assets to tokenholders in the process. On November 2, the Aragon Association (AA) announced in a blog post that it would be dissolving...
Caroline Ellison, Gary Wang, and Nishad Singh Might Not be Jailed, Bankman-Fried Faces Decades in Prison: Bloomberg
3.11.2023
Three former close friends and colleagues of FTX co-founder Sam Bankman-Fried have testified against him, potentially leading to minimal jail time for themselves. Caroline Ellison, CEO of Alameda Research, Gary Wang, co-founder of FTX, and Nishad Singh, FTX engineering chief, were key witnesses...
SEC Seeks Summary Judgment in Do Kwon and Terraform Labs Case, Citing Lack of Material Dispute for Trial
3.11.2023
The U.S. Securities and Exchange Commission (SEC) has requested a federal judge for a summary judgment in its case against Do Kwon and Terraform Labs. The SEC has argued in its filing that there is “no genuine dispute as to any material fact” in their case against Do Kwon and Terraform...
Individual creators will ultimately shape the metaverse: Sandbox founders
3.11.2023
As the firm moves to open up The Sandbox Map, co-founder Sebastian Borget said he believes individual creators and brands will ultimately drive what the metaverse of the future will offer
What’s next for the ‘crypto king’ Sam Bankman-Fried?
3.11.2023
The former FTX CEO is headed back to prison and awaits a potential second trial in March, while his lawyers pledged to “continue to vigorously fight the charges against him."