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CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million
15.10.2021
On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading...
CFTC slaps Tether and Bitfinex with a combined $42.5 million fine
15.10.2021
The settlement triggered concerns that the CFTC's role in stablecoin regulation could be misunderstood by the public
ResetEra Owner Cashes Out Gaming Forum For $4.5 Million
14.10.2021
Four years after the popular gaming forum, ResetEra, was born from the ashes of NeoGAF, it has been sold to a network of Swedish esports sites for an eye-popping $4.5 million. While the deal puts a price tag on the previously unquantifiable value of discussions like, “How did Blizzard get away with...
Coinbase’s NFT Waitlist Tops One Million Signups on First Day
14.10.2021
According to a source familiar with the matter, Coinbase’s NFT queue had much more than 1 million signups on the first day it launched. According to the source, it was unclear whether any of the signups were copies or spammers. Coinbase announced plans to start its marketplace on Tuesday, hoping...
USD 0.5 Million Paid in Failed Ethereum Transaction
14.10.2021
Ethereum (ETH) transactions can be tricky when it comes to fees, and this is far from the first time somebody paid massive amounts for a transaction, and a failed one at that – this time USD 533,901 in total....
Read More: USD 0.5 Million Paid in Failed Ethereum Transaction
Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison
14.10.2021
The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from...
Almost 1.1M people have already signed up for Coinbase NFT waitlist
14.10.2021
Sanchan Saxena, the Vice President of product at Coinbase said yesterday that the “insane” amount of traffic from signing up to waitlist temporarily broke the site
Investors Lost $10,000 on Average to Russian Crypto Pyramid Finiko, Poll Reveals
13.10.2021
Investors defrauded by the Russia-based cryptocurrency Ponzi scheme Finiko have sent the crypto pyramid an average exceeding 720,000 rubles, or more than $10,000 at current exchange rates. The assessment comes from a survey of victims conducted by a public non-profit organization. Fifth of Finiko...
Nelnet and Ripple Announce $44 Million Clean Energy Fund
12.10.2021
Ripple announces a strategic ESG partnership with Nelnet via a 44 million dollars joint investment. The ventures will incorporate the funds into Nelnet’s solar energy investment funds. Ripple is funding most of the joint investment to help solar energy projects across the US, promoting a more...
Ripple and Nelnet Inject USD44M In Solar Energy To Cut CO2 Emissions
12.10.2021
nto "socially responsible investing," demonstrating its “support of the transition to a cleaner and more stable energy future,” they
Blockchain Intelligence Company Elliptic Raises $60 Million — Evolution Equity Partners, Softbank Bolster Series C
12.10.2021
On Monday, the blockchain intelligence firm Elliptic announced the company has raised $60 million in a Series C financing round. Elliptic plans to leverage the capital to expand the team and “accelerate” blockchain research and development (R&D). Elliptic Raises $60 Million...
Wormhole Adds Binance Smart Chain Support to Network Bridge
12.10.2021
During the first week of September, the Wormhole Network’s ethereum ↔ solana bridge was introduced to the Solana community and the following week, developers released a bi-directional connection for blockchain non-fungible token (NFT) collectibles. On Monday, the Wormhole dev team...
JPMorgan Boss Jamie Dimon Says Bitcoin Is Worthless, Questions BTC’s Limited Supply
12.10.2021
The CEO of global investment bank JPMorgan, Jamie Dimon, says bitcoin is “worthless,” questioning whether the supply of bitcoin is actually limited. He also noted that blockchain and stablecoins can be real, emphasizing that governments are going to regulate the industry. Bitcoin...
Elpis Global Successfully Collected $2.15 Million to Develop the First Game on the Elpis Metaverse
11.10.2021
Elpis Battle has secured $2.15 million in a significant financing phase. They thanked all of the investment firms and venture capitalists in the Blockchain space for their confidence in the Elpis group. Elpis Battle is a Binance Smart Chain-based RPG game, and It was created by two of Southeast...
Salvadoran President Nayib Bukele Announces Construction of Vet Hospital With Bitcoin Trust Funds
11.10.2021
Nayib Bukele, president of El Salvador, announced yesterday he will start using surplus funds from the country’s bitcoin trust. Part of the $4 million excedent will be invested in a vet hospital that will offer different services for the pets of Salvadoran citizens. Bukele explained this...
Start-up Raises $2 Million to Pioneer Cryptocurrency Usage in Francophone Africa
10.10.2021
A Cameroonian fintech start-up, Ejara, has raised $2 million to pioneer the usage of crypto and investment services in French-speaking African countries. Coinshares Ventures and Anthemis Group led the funding round in which they were joined by Mercy Corps Ventures, Lateral Capital, Lofty...
Bored Ape Yacht Club Records $542 Million in Lifetime Sales — BAYC Creators to Launch Token in Q1 2022
9.10.2021
Non-fungible token (NFT) assets have been extremely popular in 2021 and it doesn’t seem like the NFT hype is going away any time soon. A number of NFT collections have propelled the industry to new heights with enormous sales, outpacing some of the most popular auctions selling physical...
Meme Crypto Shiba Inu Skyrockets — SHIB Climbs 230% in a Week, Whale Buys 6 Trillion Tokens
8.10.2021
The cryptocurrency shiba inu has managed to capture the 18th position in terms of crypto market valuations. The token has gained 230% during the last seven days and year-to-date, SHIB has gained a whopping 24,177,682%. SHIB’s Value Swells After Whale Buys $43 Million Worth of Tokens...
CMC Markets Expecting 126 Million Pound Operational Income
8.10.2021
CMC Markets is a UK-based brokerage group founded in 1989. It offers trading instruments and betting solutions to clients. The trading can be done in forex, cryptocurrencies, shares, commodities, etc. As per 2021 CMC Market reviews, it is a well-known and established broker in the UK, listed...
Arcane Research predicts 700 million Lightning Network users by 2030
8.10.2021
Arcane Research says that Lightning Network usage has been on a steep upwards trajectory since late last year, but in September growth went parabolic off the back of El Salvador's Bitcoin adoption