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Billionaire Tim Draper’s Endorsement Skyrockets Stacks Token by 25%
21.12.2023
Tim Draper. Source: a video screenshot, Anthony Pompliano / YouTube Stacks (STX), the native token of the Bitcoin layer 2 solution Stacks Network, surged by 25% for the day on Wednesday following positive remarks from renowned investor Tim Draper. The boost in the token’s price came as Draper...
Ark Invest Sells Additional Coinbase Shares Worth $24.2 Million
21.12.2023
Source: Adobe Stock ARK Invest, a participant in the application process for a spot Bitcoin exchange-traded fund (ETF) in the United States, has been consistently selling its holdings of Coinbase stock. This trend continued with the recent sale of another substantial batch of Coinbase shares....
FDIC’s Sign and Ad Rules Update May Impact Crypto Industry – Here’s How
21.12.2023
Source: AdobeStock / JHVEPhoto The Federal Deposit Insurance Corporation (FDIC) has recently implemented a new rule governing the use of its official signs and advertising, potentially influencing public perception of certain crypto firms. The FDIC announced on December 20 that its board...
Better Market CEO Points to Crypto Market Abuses as Reasons for FDIC Rule Amendment
21.12.2023
Source: Pixabay / tombark Better Market CEO lambasts frequent market abuses and false advertising strategies of digital asset firms as a major reason for the Federal Deposit Insurance Corporation’s (FDIC) rule change to protect investors. In a Dec 20 press release, the CEO reacted to the official...
Big Money Management Firms Expect SEC to Greenlight Spot Bitcoin ETFs by January 10
21.12.2023
Source: AdobeStock / Backcountry Media Big money management firms expect the Securities and Exchange Commission (SEC) to grant approval for the first “spot” Bitcoin (BTC) exchange-traded fund (ETF) in early January. According to sources close to these firms, recent guidance from...
Bitfinex Securities Announces Successful Tokenized Bond Issuance on Liquid Network
21.12.2023
Source: Bitfinex Bitfinex Securities has successfully raised over $5 million in USDT through the issuance of one of the world’s first tokenized bonds on the Liquid Network. ???? Bitfinex Securities is proud to announce a successful raise of $5.2M USDt in one of the world’s first tokenized...
Court Freezes 3AC Co-Founders’ Assets Worth $1.14 Billion
21.12.2023
Source: Adobe/Christophe Fouquin A British Virgin Islands court has issued an order freezing approximately $1.14 billion in assets belonging to the co-founders of Three Arrows Capital (3AC). According to Teneo, the firm’s liquidator, the court order prohibits co-founders Su Zhu and Kyle...
Worldcoin Discontinues its Orb Verification Services in India, Brazil and France
21.12.2023
Source: Pixabay Worldcoin, the controversial startup led by Sam Altman, has announced plans to discontinue its Orb-verification service in India, Brazil, and France. The decision follows just months after the company’s expansion of its helmet-shaped eyeball-scanning verification device, known...
Phantom Wallet Introduces Trading for Bitcoin, Ordinals, and BRC-20 Tokens
21.12.2023
Source: DALL·E Multichain cryptocurrency wallet Phantom has broadened its services, introducing support for Bitcoin, Ordinals, and BRC-20 tokens. According to a blog post, Phantom has launched the new features in a current beta phase, allowing users to opt-in for trading and transferring these...
BlackRock, ARK Invest, and Others Opt for Cash Redemption After SEC Pushback
21.12.2023
Source: Pixabay / tombark Companies like BlackRock and ARK Invest have revised their spot Bitcoin (BTC) ETF filings to include cash redemption models, signaling a shift in response to SEC demands. The move comes as the Securities and Exchange Commission (SEC) deadline of January 10 to approve...
US Court Finalizes Forfeiture of 69,370 Bitcoin from Silk Road
21.12.2023
Source: DALL·E A U.S. appeals court has completed a legal process finalizing the seizure of 69,370 Bitcoin from the Silk Road, the now defunct dark web marketplace. According to a court filing, the U.S. District Court of Appeals for the Ninth Circuit confirmed the transfer of the Bitcoin to federal...
Stablecoin Dominance Hits Lowest Since December 2021 Despite Record Monthly Supply
21.12.2023
Source: AdobeStock The entire stablecoin market cap dominance fell to 8.07% in December, recording the lowest market share since December 2021, despite adding the largest monthly supply last month since February 2022. The total market capitalization of stablecoins rose 3.43% to $128 billion...
Chinese Bank Seals First-ever Cross-border CBDC-powered Precious Metals Deal
21.12.2023
Source: pla2na/Adobe The Bank of China has completed the world’s first cross-border CBDC-powered precious metals deal – a gold transaction worth some $14.1 million. Per the Shanghai Securities News and the China Securities Network, the deal involved the Shanghai Branch of the Bank of China,...
Judge Denies Sam Bankman-Fried’s Request for Adjournment of Sentencing Hearing
21.12.2023
Source: Getty Image U.S. District Judge Lewis Kaplan has denied a request for adjournment made by Sam Bankman-Fried, the former CEO of FTX. Former FTX CEO Sam Bankman-Fried’s request for a four-to-six-week adjournment of his sentencing hearing has been denied by Judge Lewis Kaplan....
Putin Green-lights Russian Digital Ruble Tax Law
21.12.2023
Source: chase4concept/Adobe Russian President Vladimir Putin has signed off on a law that will see the digital ruble incorporated into the nation’s tax code. Per Telesputnik, the new law sees terms like “digital ruble” and “digital ruble wallet” added to the code. The law also allows bailiffs...
Cardano to Train Petrobras Staff on Blockchain, Participants to Earn NFT Rewards
20.12.2023
Source: Freepik The Cardano Foundation has partnered with Petrobras, Brazil’s state-owned oil company, to offer blockchain education through workshops for its 40,000+ workforce. Just in: The Cardano Foundation partners with Petrobras, Brazil's largest corporation, to provide blockchain...
Gary Gensler Set to Hold Crypto Regulation Talks with Head of South Korea’s Financial Regulator: Report
20.12.2023
Source: Pixabay The head of South Korea’s Financial Supervisory Service plans to meet with SEC Chair Gary Gensler to discuss crypto regulation. According to a report published Monday in South Korean news outlet Chosunbiz, Lee Bok-hyun, head of South Korea’s Financial Supervisory Service (FSS),...
Web3 Gaming Company Immutable Debuts Passport With Google and Apple Integration
20.12.2023
Source: Pixabay Immutable, a Web3 game publisher, has introduced its “Immutable Passport,” a new wallet infrastructure enabling users to generate and restore their wallets using a Google or Apple account or through an email address. In a press release issued on Tuesday, Immutable highlighted that...
Ledger Hardware Wallet Will Compensate Users for $600,000 Exploit
20.12.2023
Source: iStock Hardware wallet provider Ledger has announced its intention to reimburse victims for the approximately $600,000 in assets lost due to the recent ConnectKit exploit. In a December 20 statement on X (formerly Twitter), the firm assured that the lost assets would be reimbursed before...
Iron Bank Euro’s Stablecoin Crisis: No Clear Path to Repeg After 60% Value Drop
20.12.2023
Source: Adobe / Skórzewiak Iron Bank Euro (IBEUR), a low-cap alternative stablecoin, has found itself in the midst of a crisis with no immediate route back to its stablecoin peg after experiencing a sharp 60% drop in value on Monday. The stablecoin, with a $3.7 million issuance, tumbled from...