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Report: US Crypto Startup Seeks to Launch an Interest-Bearing Stablecoin
24.1.2024
A U.S. blockchain and lending startup is seeking the U.S. Securities and Exchange Commission’s permission to issue an interest-bearing stablecoin. The startup said the digital token will be used as an alternative to existing stablecoins such as tether and USDC. Figure Technologies’...
British Army Planned To Use Fortnite In Recruitment Campaign
22.1.2024
Join us in trying to think of something more gross than a nation’s army using a children’s video game as a recruitment tool. That was the plan of the British Army, who thought it might be rather jolly to recruit some influencers to play Fortnite, to promote joining their ranks. However, it looks...
Bitcoin Miner Core Scientific Set to Emerge From Bankruptcy
18.1.2024
Core Scientific has received the go-ahead from bankruptcy court for its reorganization, paving the way for the bitcoin mining giant to relist its shares on Nasdaq. Core Scientific Set for a Major Turnaround Core Scientific, Inc., a major bitcoin miner, is about to emerge from Chapter 11 bankruptcy....
NYSE’s Strategic Move — Bitcoin ETF Options Poised to Boost Market Dynamics
17.1.2024
In a groundbreaking move, NYSE Arca Inc. has submitted a proposal to amend its rules to enable options trading on commodity-based trust shares, specifically targeting bitcoin-based ETFs. This initiative, detailed in the 19b-4 filing with the SEC, marks a significant advancement in the financial...
CoinShares Exercises Option to Acquire Valkyrie Funds Following Spot Bitcoin ETF Approval
12.1.2024
Source: Adobestock Investment management company, CoinShares has exercised the right to acquire Valkyrie Funds, a unit of Valkyrie Investment Inc. following the approval of its spot Bitcoin (BTC) ETF by the Securities and Exchange Commission (SEC). CoinShares solidifies position as a bridge between...
Radiant Capital Reports Exploit of $4.5 Million Ethereum Loss
3.1.2024
Source: Radiant Capital (Edited by Hongji Feng) Radiant Capital has confirmed a security breach in its network, leading to the theft of Ethereum valued at approximately $4.5 million. According to the blockchain security company PeckShield Inc., the hacker drained 1,900 Ethereum tokens within...
Cipher Scales BTC Mining Operation with 37,000 Bitmain Antminers Worth $100M
19.12.2023
Source: Adobe/Photocreo Bednarek NASDAQ-listed Bitcoin mining firm Cipher Mining Inc. has announced the purchase of 37,396 units of the latest Bitmain Antminer T21 series. Making the announcement in a press release, the company disclosed that this acquisition amounted to approximately $99.5...
Patientory Inc. and ESG Initiative’s WIVA Combine Forces To Advance Democratization of Healthcare Data
15.12.2023
Patientory Inc. partners with Wharton students in a capital raise agreement. The partnership grants the students a right to invest in the healthcare blockchain company at a future date. This will help advance the development of Patientory aiming to solve the industry’s problems around data...
Tesla Recalls Millions Of Cars To Patch Mode That Could Kill You
13.12.2023
Tesla is recalling and updating almost all of its two million electric cars sold in the United States to place additional limits on their included self-driving assistance mode, Autosteer. Investigations have shown Autosteer can be extremely dangerous, and it’s been blamed for multiple accidents...
Stablecoin Tether Receives ‘Constrained’ Rating from S&P Global
13.12.2023
Source: AdobeStock American credit ratings firm S&P Global Inc. said it has started assessing the ability of Tether (USDT) to maintain its peg to the U.S. dollar marking it at a ‘constrained’ rating of 4. Stablecoins are a cryptocurrency whose value is usually pegged to a fiat currency...
Epic Games Wins Shocking Upset In Google Monopoly Trial
12.12.2023
Epic Games sued Google over anti-competitive practices and won. A jury in the in the Epic v. Google case delivered a swift verdict, concluding that the giant tech firm was operating an illegal monopoly on Android devices in the form of the Google Play storefront. Read more
Jack Dorsey’s Block Launches Bitkey: A New Self-Custody Bitcoin Wallet With No Seed Phrases
9.12.2023
Block, Inc. has recently introduced Bitkey, its innovative self-custody bitcoin wallet, offering a unique approach to bitcoin management. Unlike traditional wallets which rely on passwords or seed phrases, Bitkey utilizes a distinctive 2-of-3 multi-signature mechanism for recovery. Bitkey Wallet...
Block, Inc. launches Bitkey Bitcoin wallet in 95+ countries, Jack Dorsey backs
8.12.2023
Block, Inc. has developed a self-custody Bitcoin wallet that will be made available in over 95 countries covering six continents, empowering individuals through widened access to self-custody cryptocurrency wallets around the world. Millions of Bitcoin token holders store their cryptocurrencies...
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...
Ark Invest Sells Another $1.4M Shares of Coinbase, Increases Exposure to Robinhood Amid Crypto Rally
5.12.2023
Source: Ark Invest Instagram Ark Invest, led by Cathie Wood, has once again reshaped its portfolio by selling over $1.4 million worth of Coinbase Global Inc shares. This decision, following a pattern of recent sell-offs, unfolds during a buoyant period in the cryptocurrency space, notably with...
SoFi to Exit Crypto Business Amid Increased Regulatory Scrutiny
30.11.2023
Source: Adobe / Goodpics SoFi Technologies Inc., a financial services company, has decided to exit the cryptocurrency sector due to increased scrutiny by banking regulators. On November 29, the company announced that it would terminate its cryptocurrency trading services for users by December...
‘Stagnant’ BTC Price and Rate Hikes Drove Down Crypto Miner Canaan Inc’s Revenues in Q3
29.11.2023
Canaan Inc, the crypto miner and mining rig producer, said the company’s overall revenue in Q3 stood at $33.3 million or some $40 million lower than the Q2 revenue. According to the company’s CEO, stagnant bitcoin prices and rate hikes by the U.S. Federal Reserve were some of the...
SEC Accuses Kraken of Operating Unregistered Platform, Kraken Responds
21.11.2023
Source: Kraken The U.S. Securities and Exchange Commission (SEC) has initiated legal proceedings against the cryptocurrency exchange Kraken, claiming it has been operating an unregistered securities trading platform. The SEC filed the lawsuit in North District of California against the parent firms...
Osaka Digital Exchange to Launch Trading of Japan’s First Digital Securities on December 25
20.11.2023
Source: Jezael Melgoza/Unsplash Osaka Digital Exchange Co. is set to revolutionize Japan’s financial landscape by introducing the country’s first-ever digital securities trading. On November 16, Osaka Digital Exchange (ODX) announced plans to launch Japan’s first-ever digital...
WonderFi Subsidiary Bitbuy Acquires Bitvo, Owns Nearly Half of All Exchanges in Canada
15.11.2023
Bitbuy, a subsidiary of Canadian-based technology company WonderFi, announced its acquisition of Bitvo Inc. on the morning of Wednesday, November 15th, making WonderFi the owner of nearly 50% of all regulated crypto-trading platforms in the North American country. WonderFi continues to dominate...