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Cathie Wood’s Ark Capitalizes on Bitcoin Rally, Sells Millions in Coinbase and GBTC Shares
6.12.2023
Source: Adobe Stock Cathie Wood’s Ark Invest is capitalizing on the recent surge as it offloaded millions of Coinbase and Grayscale Bitcoin Tryst shares when the leading crypto surpassed the $44,000 threshold. On Tuesday, the investment firm led by Wood sold over $33 million worth of Coinbase...
Crypto Mining Firm Phoenix Shares Surges 50% on Abu Dhabi Debut
6.12.2023
Source: Adobe Phoenix Group Plc, an Abu Dhabi-based Bitcoin mining and colocation service provider, has reported a significant 50% surge in shares. The company announced Sunday, its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX), slated for December 5th. The event marked...
SEC Makes ‘Materially False and Misleading’ Representations Against Crypto Firm — Judge Threatens Sanctions
6.12.2023
The United States District Court for the District of Utah has expressed concerns that the U.S. Securities and Exchange Commission (SEC) is making “materially false and misleading representations” in its lawsuit against a crypto firm. The court has ordered the securities regulator...
Web3 Firm Thirdweb Finds Major Vulnerability In Smart Contracts
5.12.2023
Source: Pixabay Web3 developer Thirdweb has disclosed a security vulnerability that has the potential to affect a range of smart contracts within the Web3 ecosystem. In an X post on Monday, the firm notified its followers that it had found a vulnerability in a commonly used open-source library that...
Binance Backed Crypto Wallet Firm Web3Auth, and Safe Launch SafeAuth
5.12.2023
Source: PexelsWeb3Auth, a wallet-as-a-service infrastructure provider has teamed up with the smart contract-based multi-signature crypto wallet provider Safe (formerly known as Gnosis Safe) to launch “SafeAuth” a service which allows users to create wallets quickly without the need for seed...
Swiss Crypto firm Valour to Introduce 20 New Crypto ETPs in 2024
5.12.2023
Source: Pixabay Valour, a subsidiary of DeFi Technologies, has revealed plans to introduce 20 new crypto exchange-traded products (ETPs). Announced Monday, the planned offerings include collaborations with foundations like the recent ICP ETP, thematic baskets, short and long-leverage products....
Bitcoin Miner Riot Secures 66,560 Microbt ASIC Miners to Boost Hashrate by 18 EH/s
5.12.2023
The bitcoin mining corporation Riot Platforms, a publicly traded firm within the industry, recently announced a significant expansion of its operations. The firm has completed its largest-ever acquisition of application-specific integrated circuit (ASIC) miners, securing 66,560 units...
Tether Blacklists Over 30 USDT Wallets
4.12.2023
Tether, the company behind the issuance of USDT, the largest stablecoin, has blacklisted more than 30 addresses that have received billions in USDT since their first use. According to blockchain intelligence firm Chainargos, the blacklisted addresses had received $161 million from Whitebit,...
3 Best Scandal Coins to Buy Now
4.12.2023
So-called “scandal” tokens are seeing a massive pump as risk appetite in the broader crypto market amps up as Bitcoin (BTC) hits fresh highs for the year above $42,000. Scandal tokens are cryptocurrencies/tokens associated with failed or defunct crypto projects/firms that were struck down...
MicroStrategy’s Michael Saylor is Now in Almost $2 Billion Profit From Bitcoin Holdings – Will He Sell?
4.12.2023
Business intelligence company MicroStrategy (MSTR) is nearly $2 billion in profit on its Bitcoin (BTC) holdings since it began investing in the digital asset over three years ago. The firm’s laser-eyed owner and founder, Michael Saylor, has publicly documented all of MicroStrategy’s BTC purchases...
SEC Lawyers Warned by Judge for ‘Misleading’ Request in Crypto Case
3.12.2023
Source: AdobeStock / Andriy Blokhin A federal judge has warned attorneys from the Securities and Exchange Commission (SEC) regarding their “false and misleading” arguments in a court filing. The attorneys are accused of persuading the court to freeze the assets of a cryptocurrency firm...
GHO Stablecoin Hits $0.98 Target as Strategic Initiatives Spearhead Turnaround
2.12.2023
Beginning in mid-July 2023, the stablecoin from Avara (previously known as Aave), a decentralized finance firm, consistently traded below its target $1 peg, reaching a low of $0.917 on October 24. Nonetheless, in recent weeks, the Liquidity Committee of the project undertook efforts to rectify this...
We Neither Bank Justin Sun nor Finance Hamas — Circle Chief Strategy Officer
2.12.2023
USDC stablecoin issuer Circle neither “finances Hamas” nor does it bank Tron blockchain founder Justin Sun, the fintech firm’s chief strategy officer has asserted. Although Circle had past business dealings with Sun, this ended in February 2023 when it terminated his accounts...
Blackrock Proposes ‘Revised In-Kind Model’ for Spot Bitcoin ETF to Resolve SEC’s Concerns
1.12.2023
Blackrock, the world’s largest asset manager, has held another meeting with the U.S. Securities and Exchange Commission (SEC) to discuss its spot bitcoin exchange-traded fund (ETF) application. The firm has proposed a “revised in-kind” model for its spot bitcoin ETF that...
Microstrategy’s Bitcoin Stash Grows to 174,530 BTC With Latest Purchase
1.12.2023
Microstrategy has expanded its bitcoin holdings with the acquisition of 16,130 more bitcoins. With this latest purchase, the Nasdaq-listed software intelligence firm is now hoding 174,530 bitcoins, acquired for around $5.28 billion. Since adopting its bitcoin strategy, Microstrategy’s stock...
Bitget Unveils Instant Lira-to-Crypto Conversions, Streamlining Turkish Market
30.11.2023
Source: Adobe / Husamex Bitget – a global crypto exchange and Web3 firm – has launched support for instant Lira to crypto conversions to streamline access to digital assets for Turkish consumers. Using the “easy buy and sell” feature, Turkish customers can now deposit TRY to Bitget directly from...
Just In: Billionaire Michael Saylor Purchases a Further $593 Million in Bitcoin – Total Holdings Now Exceeding $5 Billion
30.11.2023
Michael Saylor, billionaire CEO of enterprise analytics firm MicroStrategy, has once again demonstrated his unwavering commitment to Bitcoin by purchasing an additional $593 million worth of the cryptocurrency. In a tweet posted on November 30, Saylor revealed that MicroStrategy acquired 16,130...
Antpool to Refund 83 BTC Erroneously Paid as Gas Fee to User
30.11.2023
Source: Pixabay / Michael Wuensch Antpool has announced steps to give back 83 Bitcoin (BTC) paid in error as a transaction fee to the user days after the incident. Blockchain security firm, PeckShield posted an update from Antpool on X (formerly Twitter) on the 83 BTC gas fee which sparked diverse...
US Spot Bitcoin ETF Market Sees New Entrant as SEC Decision Looms
30.11.2023
Source: Adobe Stock Switzerland-based Pando Asset has emerged as the latest contender in the race to launch a spot Bitcoin ETF in the United States. Joining dozens of other applicants, Pando Asset is seeking to introduce a fund type that has yet to receive approval from the US Securities...
BlackRock Revises Bitcoin ETF Model To Appease SEC Concerns
29.11.2023
BlackRock Office BlackRock executives held another meeting with the Securities and Exchange Commission (SEC) on Tuesday to discuss the firm’s application to launch a Bitcoin (BTC) spot ETF in the United States. Based on publicly released notes from the meeting, the asset manager has modified...