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TrustWallet's TWT Falls as Parent Company Binance Releases Web3 Wallet
8.11.2023
TrustWallet's native token [TWT] has plunged over the past few hours after Binance, the exchange that acquired TrustWallet in 2018, releases its own competing web3 wallet
USDC Stablecoin Issuer Circle Contemplates Potential IPO for 2024
8.11.2023
Source: Circle Internet Circle Internet, the issuer of USD Coin stablecoin, is eyeing a potential initial public offering (IPO) in early 2024, according to Bloomberg. The company is currently in discussions with advisors to weigh the feasibility and timing of such a move to the public markets,...
Moody’s Analytics Introduces AI Service To Predict Stablecoin Depegs
7.11.2023
Source: Pixabay Financial intelligence company Moody’s Analytics is launching a new AI service that can predict stablecoin depeggings while providing real-time insights about stablecoin issuers’ liquidity and stability. In a press release yesterday, the company unveiled its new Moody’s Analytics...
Investment Firm Proof Group Eyes Revival of Bankrupt Crypto Exchange FTX
7.11.2023
Source: AdobeStock / Rafael Henrique Proof Group is one of three bidders eyeing a potential acquisition of the fallen crypto exchange FTX according to multiple sources familiar with the matter. The investment firm is already familiar with the crypto sector. As part of the Fahrenheit Consortium,...
Crypto Influencer ‘Bitboy’ Files New Lawsuit, Aims to Reclaim “Stolen” Lamborghini
7.11.2023
Ben Armstrong. Source: a video screenshot, YouTube Crypto YouTuber Ben Armstrong has filed another lawsuit against his ex-colleagues, over a Lamborghini and alleged racketeering. Armstrong, formerly known as Bitboy, filed the lawsuit on November 1 in the Superior Court of Cobb County, Georgia, USA....
Blockpit Acquires Rival Tax Platform Accointing to Improve EU Crypto Tax Services
7.11.2023
Source: Blockpit Blockpit, an Austria-based crypto tax service provider, has acquired its rival platform Accointing from the crypto data company Glassnode. This acquisition positions Blockpit to align with the upcoming EU tax regulations, known as the Eighth Directive on Administrative Cooperation...
Bitcoin Mining Company Hut 8 to Bid for Natural Gas Power Plants and Bitcoin Facility
7.11.2023
Hut 8, a public Bitcoin mining company, announced it has been cleared to issue a “stalking horse” bid for several natural gas power plants and a Bitcoin mining site. The Canada-based miner hopes to integrate these services to expand its business to sell power to the market and develop...
Gemini CTO and APAC CEO Pravjit Tiwana Reportedly Leaving Company After Nearly 2 Years
7.11.2023
Pravjit Tiwana, the global Chief Technology Officer (CTO) and Asia head of Gemini Trust Co., is reportedly leaving the company. Gemini Trust Co., co-founded by twin entrepreneurs Tyler and Cameron Winklevoss, has been grappling with the ongoing hurdles of securing and retaining talent amid...
XRP Price Pumps 16%, Eyes Test of Yearly Highs Near $1.0 as Crypto Community Discusses Potential 99.9% Victory for Ripple Versus SEC
6.11.2023
The US Security and Exchange Commission (SEC)’s losing streak in its ongoing lawsuit versus US fintech company and the creator of the XRP cryptocurrency Ripple Labs continued last week. That’s according to a tweet by Ripple Labs’ Chief Legal Officer Stuart Alderoty, who said last...
NFT Marketplace OpenSea to Reduce Workforce as it is Planning “Big Changes”
6.11.2023
Leading non-fungible token (NFT) marketplace OpenSea, unveiled plans to lay off half its workforce, amid the company’s major restructuring plans. The platform’s CEO Devin Finzer wrote on X (Twitter) that the firm is making “big changes” to focus on a new version –...
Monero’s Security Breach Drains Entire Funds In Community Wallet: What’s Going On?
6.11.2023
Monero’s community wallet was drained of all assets following a security breach described as shocking and a little sketchy.  The attack on the privacy coin’s wallet took place on Sept 1 but was not revealed until Nov 2 on GitHub. According to the company, the source of the breach...
National Bank of Georgia Selects Ripple as Tech Partner for CBDC Pilot
6.11.2023
The National Bank of Georgia announced that it has enlisted the aid of Ripple, the cryptocurrency company, as the sole tech partner in its central bank digital currency (CBDC) project, denominated the digital GEL. Ripple’s CBDC solution was selected from nine shortlisted companies that...
SEC Clashes With Do Kwon and Terraform Labs in Court, Alleging ‘Clear, Undisputed’ Fraud
6.11.2023
Last week, lawyers representing Terraform Labs and its ex-CEO Do Hyeong Kwon (Do Kwon) moved to dismiss the lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC). In response, the SEC has countered with a motion of its own, asserting the accountability of both...
Elon Musk Confirms None of His Companies Will Ever Create a Crypto Token
6.11.2023
Tesla and Spacex CEO Elon Musk has confirmed that none of his companies will ever launch a crypto token. His clarification came after his artificial intelligence company’s name was used in a cryptocurrency, and several articles associated his social media platform X with crypto tokens. Elon...
Block’s Q3 Earnings Show $2.42 Billion Bitcoin Revenue, Marking 37% Annual Growth
5.11.2023
Block Inc. reported an increase in third-quarter earnings, with total net revenue climbing to $5.62 billion, marking a 24% year-over-year growth. Setting aside its bitcoin operations, the company’s revenue saw a jump to $3.19 billion, up 16% from the previous year. The firm’s...
Coinbase Turns the Tide: Q3 Earnings Show Net Profit Amid Crypto Market Slump
3.11.2023
In the third quarter, Coinbase outperformed expectations despite the extended crypto market slump by recording favorable net income and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). In their most recent shareholder letter, the publicly-traded cryptocurrency...
Jack Dorsey’s Block Reports Strong Q3 Earnings; Profits from Bitcoin Holdings Surge
3.11.2023
Block, the Bitcoin-focused fintech company led by Jack Dorsey, reported robust financial results for the third quarter of 2023, surpassing analyst expectations and marking a profitable period. The firm recorded $5.62 billion in revenue for Q3 2023, a notable achievement driven by strong growth...
Marathon Digital and Nodal Power Unveil Methane-Fueled Bitcoin Mining Pilot in Utah
3.11.2023
On Thursday, Marathon Digital, a publicly traded bitcoin mining company, announced its partnership with Nodal Power, revealing plans to initiate an innovative 280-kilowatt (kW) bitcoin mining pilot project in Utah. The project harnesses biogas, specifically methane from a landfill, to fuel...
FTX Claim Pricing Soars to New Heights Amid Skyrocketing AI Company Valuations
3.11.2023
The current claim pricing of FTX has seen a major surge, reaching a maximum of 55%, compared to as low as 6% in November last year. According to data provided by Claims Market, the bid and ask prices for FTX claims are currently quoted at 52% and 55%, respectively. In the context of a claims...
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...