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Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis Indicates
29.12.2023
An analysis by crypto intelligence firm Arkham indicates that Donald Trump, the 45th President of the United States, is selling millions of dollars in ether acquired from selling his non-fungible token (NFT) collections. The analytics firm also revealed that Trump’s highest crypto balance...
US Bankruptcy Court Approves $225M ‘MiningCo Transaction’ for Celsius, Prevents Securities Ruling in Chapter 11 Proceedings
28.12.2023
Source: Adobe/Canva Bankrupt cryptocurrency lending company Celsius Network has achieved a significant milestone in its Chapter 11 bankruptcy proceedings. The United States Bankruptcy Court for the Southern District of New York has granted approval for Celsius Network’s proposed...
Hong Kong-Based Value Partners Plans to Tokenize 3 Tons of Gold and Roll Out Cryptocurrency ETFs
28.12.2023
Source: iStock/Onfokus Value Partners, a Hong Kong-based company says it has plans to tokenize gold assets and also make an entry to the much anticipated Exchange Traded Fund (ETF) market. According to a report from local media sources, Zhao Shande, a senior strategist of the firm’s ETF business...
Hong Kong to Become the Next Crypto ETF Hub as BTC ETF Anticipation Continues in US
28.12.2023
Source: Pixabay Hong Kong is poised to become a leading hub for cryptocurrency exchange-traded funds (ETFs), particularly spot Bitcoin (BTC) ETFs, as anticipation grows for the approval of such ETFs in the United States. Industry leaders believe that Hong Kong’s Securities and Futures...
New EU Crypto Regulation Allow Governments to Freeze and Seize ‘Unexplained Wealth’ Believed Tied to Crime
26.12.2023
EU has passed expanded powers allowing governments to freeze and confiscate crypto tied to a crime. Image by Vitalii Vodolazskyi, Adobe Stock. European Union officials reached an agreement on December 12 on new crypto regulations that will grant member states expanded powers to freeze...
US-Approved Spot Bitcoin ETFs Could Surpass Entire $50 Billion Crypto ETP Market: BitMEX
26.12.2023
Source: Pexels The global market for cryptocurrency exchange-traded products (ETPs) has reached a significant milestone, currently comprising approximately 150 products with a total value of $50.3 billion in assets under management, as reported by BitMEX research. According to the research,...
Former FTX CEO Sam Bankman-Fried and Debtors Reach Settlement in Embed Proceeding
26.12.2023
Image by Александр Поташев, Adobe Stock The bankrupt crypto exchange FTX and its debtors have reached a settlement agreement with founder Samuel Bankman-Fried and others to address certain claims related to the acquisition of the stock trading platform Embed. In a December 22 filing with the United...
Former Bitmex CEO Arthur Hayes: ETF Success’ Might ‘Destroy Bitcoin’
25.12.2023
Arthur Hayes, former CEO of Bitmex and cryptocurrency market analyst, pondered about the success of an upcoming spot bitcoin ETF and its effect on the future of bitcoin. Hayes states that the popularity of these ETF derivatives might concentrate the custody of all the bitcoin in a few hands that...
SEC “Deeply Regrets” Handling of Debt Box Case, New Court Filing Reveals
22.12.2023
The United States Securities and Exchange Commision (SEC) has apologized for its handling of a lawsuit against decentralized blockchain project, Debt Box, according to new court documents. Walking it back “The Commission takes this Court’s concerns seriously and deeply regrets these errors,”...
SEC and Terraform Labs Court Filings to Stay Confidential Prior to Crypto Fraud Trial
21.12.2023
A judge has approved confidential court filings in the SEC’s lawsuit accusing Terraform Labs of crypto fraud ahead of the much-awaited trial. Image by maurice norbert, Adobe Stock. New details have come to the surface regarding the high-profile crypto fraud case between the United States...
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....
Immediate Flik Review – Scam or Legitimate Investing Platform?
21.12.2023
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content Immediate Flik describes itself as an investment education platform, acting as a bridge between investment wisdom seekers and investment education providers. “This website makes it easier...
Montenegro Appeals Court Overturns Extradition of Terraform Labs Co-Founder Do Kwon
19.12.2023
On Tuesday, Montenegro’s appeals court overturned the extradition request for Terraform Labs co-founder Do Kwon. This reversal follows reports that Justice Minister Andrej Milovic had informally agreed to the extradition. Kwon to Remain in Montenegro, Decision Lies With Justice Minister...
Elizabeth Warren Opposes Blockchain Lobbying Efforts, Writes Letter to Association – What’s Going On?
19.12.2023
Source: YouTube/Senator Elizabeth Warren Sen Elizabeth Warren has opposed the growing cryptocurrency lobbying efforts in Washington calling on all stakeholders to support regulations to clamp down on terrorist financing amid other concerns. In a letter addressed to the United States Blockchain...
Assets Under Management Surges Past $50 Billion as Altcoins Record Slight Gains
19.12.2023
Source: Adobe / Luisa Digital assets funds continue their upward momentum as asset prices continue to rise towards the end of the year with growing optimism for an approval of a spot Bitcoin (BTC) ETF in the United States. Data from CoinShares shows cryptocurrency assets under management (AUM)...
Adam Back States ‘You Can’t Stop JPEGs on Bitcoin,’ Proposes Block Size Increase to Host Inscriptions
18.12.2023
Adam Back, CEO of Blockstream and legendary cryptographer, has acknowledged that inscriptions, media embedded directly on top of Bitcoin, cannot be stopped, stating that any action focused on this will only prompt users to do it in “worse ways.” Instead, Back proposed adding a new blob...
Digital Asset Executives Raise $78 Million to Support Pro-Crypto and Responsible Regulations in 2024
18.12.2023
Source: AdobeStock Fairshakes has raised $78 million to fund pro-crypto legislators and support leaders who support blockchain innovation in the United States. A Dec 18 press release states the firm’s commitment to drive developments and positive policies around the industry after...
US Ambassador to Argentina Hails Bitcoin Miner’s ‘Genius’ Flared Gas Power Generation Plans
18.12.2023
The U.S. Ambassador to Argentina, Marc R. Stanley, has lauded Unblock Computing’s bitcoin mining initiative for its innovative use of flared gas in generating electricity. Ambassador Stanley commended the plan for its dual benefits: aiding Argentina in achieving its climate objectives...
FTX’s Revised Reorganization Plan Addresses Cryptocurrency Claims Valuation
17.12.2023
Source: Adobe / Ascannio The debtors of now-defunct cryptocurrency exchange FTX have submitted an amended Chapter 11 plan of reorganization, suggesting that customer asset claims should be valued retroactively to the date of the exchange’s collapse in November last year. In a recent...
Inside Job: Security Engineer Behind Multi-Million Dollar Crypto Exploits
15.12.2023
Source: Adobe / Rawpixel.com Shakeeb Ahmed, a senior security engineer associated with an international technology company, pleaded guilty on December 14 to computer fraud in connection with his hacking of two decentralized crypto exchanges. The announcement of the guilty plea was made by Damian...