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Ebay’s Web3 Division Reportedly Lays off 30% of Its Employees
23.2.2024
Recently, Ebay, the e-commerce behemoth, implemented significant changes within its Web3 division. These changes resulted in a 30% reduction in the division’s workforce and the departure of a pivotal employee. Among those affected by this restructuring is David Moore, the founder of Knownorigin,...
Spot Bitcoin ETFs Contribute 5% of Crypto Trading Volume on Robinhood: CFO
14.2.2024
Robinhood on Tuesday revealed that about 5% of its total crypto trading activity originates from recently introduced spot Bitcoin ETFs. The remaining 95% still stems from spot trading conducted within the platform’s crypto division. During the quarterly earnings call, CFO Jason Warnick said...
Ethereum’s Growth Could Spike With Increased Institutional Investments In First Half of 2024: Coinbase
9.2.2024
With a fresh analysis released on February 8, Coinbase’s research division shed light on the anticipated growth in Ethereum’s trading dynamics during the initial six months of 2024. Coinbase analysts highlighted growth points after the approval of spot Bitcoin (BTC) ETFs...
Skull And Bones Is Less The Pirate Life And More The Division
9.2.2024
After all the delays, trailers, and start-and-stop hype cycles, Ubisoft’s highly(?) anticipated pirate simSkull and Bones is in beta. The game was meant to release in 2018, then 2019, but at least now there’s an open beta and your progress will carry over into Skull and Bones when it launches...
Former Terra Development Team Leader Testifies Against Do Kwon
6.2.2024
On February 5, reports emerged from the Korean daily newspaper Chosun, detailing how a former Terra development team leader had come forward with testimony challenging Terra founder Do Kwon. According to the newspaper, the 14th Criminal Division of the Seoul Southern District Court examined...
Paypal’s PYUSD Stablecoin Central to Investment in Digital Finance Platform Mesh
30.1.2024
Paypal Ventures, the venture capital division of Paypal, revealed this week its investment in Mesh, a financial technology startup focused on advancing digital payments. The investment entity emphasized that the capital injection was primarily allocated using the firm’s newly introduced...
US Government to Sell $116 Million in Bitcoin Seized From Darknet Dealer ‘Xanaxman’
26.1.2024
The forfeiture division of the U.S. government has announced its plan to sell 2,933.64 bitcoin. These were confiscated from Ryan Farace, who faced charges in 2021 for laundering proceeds from drug trafficking. Farace, also known by his alias Xanaxman, disclosed in his plea agreement that...
South Korean ‘Crypto Drug Dealer’ Jailed for 7 Years
25.1.2024
A South Korean court has sent a drug dealer who sold narcotics to crypto-paying “customers” to jail for seven years. Per the news agency Yonhap, the Criminal Division of the Busan District Court also ordered the unnamed individual – referred to by the media as “A” – to pay a fine of over $9,000....
Former Bithumb Chairman Acquitted in $100M Fraud Case in Second Trial
18.1.2024
The former chairman of Bithumb Holdings and Bithumb Korea, Lee Jeong-hoon, has been acquitted for the second time in the $100 million fraud case. The recent decision by the 5th Criminal Division of the Seoul High Court follows Lee’s earlier acquittal in January 2023 on comparable charges...
More Institutions Will Look to DeFi for Regulated Solutions in 2024 + More Crypto News
12.1.2024
Source: Night Crows Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: In 2024, More Institutions Will Look to DeFi for Regulated Solutions – Swarm Co-founder Bitmain Raises...
Forecast Frenzy — Bitcoin Price Predictions Surge as 2024 Approaches
23.12.2023
As 2023 winds down with bitcoin soaring by 165% since January, numerous luminaries, visionaries, speculators, and market players predict that the leading cryptocurrency’s value will soar even higher in 2024. This week, Markus Thielen, leading Matrixport’s research division, shared...
Crypto Crimes Highlighted in IRS Criminal Investigation’s 2023 Top 10 Criminal Cases
16.12.2023
In the IRS’s list of top 10 criminal cases for 2023, cryptocurrency frauds are featured, ranging from multi-million dollar tax evasions to elaborate money laundering schemes. Crypto Scams Among Most Significant Financial Crimes in IRS Criminal Investigation’s 2023 Report The...
Insomniac Games Held for Ransom: Hackers Demand Over $2M in Bitcoin
13.12.2023
Source: Insomniac Games / Twitter The infamous Rhysida hacker group has attacked Insomniac Games, allegedly asking for 50 BTC in ransom. Insomniac Games is an American, California-based video game developer and part of PlayStation Studios. The latter is a division of Sony Interactive Entertainment....
IRS Spotlights Most Notable Cryptocurrency Scams in 2023
13.12.2023
Source: Pixabay / stevepb The U.S. Internal Revenue Service Criminal Investigation (IRS-CI) division has released its list of the top 10 criminal cases of 2023. These cases include the IRS‘s most prominent and high-profile investigations with a significant focus on cryptocurrency-related...
El Salvador’s Bitcoin Bonds Get Regulatory Approval, Launch Set for Early 2024
12.12.2023
Source: RawBeautyPixels/Adobe El Salvador’s highly anticipated Bitcoin (BTC) bonds, also known as “Volcano Bonds,” have received the regulatory approval for an early 2024 issuance. The bonds are expected to be offered on Bitfinex Securities, a regulated division of the popular...
Brazil’s Largest Lender Itau Unibanco Brings Bitcoin Trading Service to Clients
4.12.2023
Source: iStock Itaú Unibanco, Brazil’s largest private bank, has entered the crypto space with new trading service, per a Reuters report. The lender would first launch Bitcoin (BTC) and Ether (ETH) trading for clients of its investment platform. The bank’s crypto division head Guto Antunes...
SEC Holds Meetings with Grayscale, BlackRock on Bitcoin ETFs
1.12.2023
Source: SEC The U.S. Securities and Exchange Commission (SEC) has recently held meetings with Grayscale and BlackRock to discuss their filed applications regarding spot Bitcoin exchange-traded funds (ETFs). SEC Meets with Grayscale to Discuss its Bitcoin ETF Filing A memorandum published by the...
Analyst: BlackRock is Holding Meetings With the SEC About its Bitcoin ETF – Here’s What We Know
22.11.2023
BlackRock Office Blackrock held a meeting with the U.S. Securities and Exchange Commission (SEC) on Monday to discuss the structure of its upcoming Bitcoin ETF, according to a memo from the regulator. The meeting’s attendees included 8 members from the SEC’s Division of Trading and Markets,...
SEC Meets with Grayscale to Discuss Spot Bitcoin ETF Listing
22.11.2023
Source: Grayscale The U.S. Securities and Exchange Commission (SEC) has recently held discussions with Grayscale about converting the Grayscale Bitcoin Trust (GBTC) into its spot Bitcoin exchange-traded fund (ETF). A memorandum published by the SEC indicates that officials from the agency’s...
The New Division Game Has A Feature Every Game Should Steal
20.11.2023
Ubisoft’s new The Division game isn’t even out yet, as it’s still in beta testing and won’t launch officially until 2024. But after trying the beta, I already want one feature from the upcoming game to become standard in every video game I play in the future. Read more