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Gemini Earn Users Face Potential 70% Reduction in Promised Bitcoin Payouts Under Proposed Reorganization Plan
14.12.2023
Image Source: Shutterstock Gemini Earn creditors could potentially face up to 70% reduction in their promised crypto payouts as part of a proposed reorganization plan. The plan, outlined in an email sent by Gemini Trust on December 13, has now been put up for a vote, leaving creditors with...
Google Ad Change Policy Specifically Targets Cryptocurrency Coin Trusts – Here’s the Latest
11.12.2023
Source: Pixabay Silicon Valley tech giant Google is updating its crypto ad policy to improve its advertising standards, effective January 29, 2024. The revision, specifically, targets Cryptocurrency Coin Trusts – a financial product allowing investors to trade in trusts holding large cryptocurrency...
Peter Schiff Says Global Tax Chiefs’ Only Enforcement Success Is Its ‘Failed’ Action Against His Bank
8.12.2023
Economist Peter Schiff says the only enforcement success of the Joint Chiefs of Global Tax Enforcement (J5) is its “failed” action against his bank, allegedly aimed to “put a stop to the suspected facilitation of offshore tax evasion.” Schiff stressed: “Other than...
Balaji Put His Money Where His Mouth Was
4.12.2023
Srinivasan bet $1 million the U.S. dollar would collapse (and lost), and evangelized his ideas about startup societies, making him one of CoinDesk's Most Influential in 2023
Big Names Talk Potential Impact of ETFs on BTC Price, Solo Miner Pulls Down Lucky Block Reward, and More — Week in Review
3.12.2023
Global investment bank JPMorgan has noted that SEC approval of a spot bitcoin exchange-traded fund (ETF) could “put severe downward pressure on bitcoin prices.” Conversely, Standard Chartered Bank sees “price upside” related to such an approval from the United States...
Binance Rolls Out Third-Party Banking Agreement to Reduce Counterparty Risk
30.11.2023
Binance has announced the world’s first cryptocurrency triparty arrangement with a third-party banking partner, according to a press release put out by the crypto exchange Wednesday. Off-exchange collateral The agreement gives customers the option of keeping their collateral off-exchange with...
Zipmex Proposes Repayment of 3.35 Cents Per Dollar to Creditors in Latest Restructuring Plan
29.11.2023
Source: Zipmex Zipmex has put forward a new proposal to repay creditors, initially offering 3.35 cents for each dollar of their claims as part of its restructuring efforts, according to Bloomberg. This initial payout is part of a broader plan to address the crypto exchange’s $97.1 million...
Best Crypto to Buy Now November 28 – Celestia, Uniswap, Toncoin
29.11.2023
TIA, UNI, and TON price gains put these cryptos on the map as the best crypto to buy now alongside new presales of Bitcoin ETF Token and Meme Kombat. Image by cryptonews.com. The 7% TIA price surge so far today has positioned Celestia as one of the best crypto to buy now, while Uniswap...
Big Tech Has Put Our Future at Risk. It’s Time to Fight Back
28.11.2023
The internet was supposed to make us more liberated and healthier. Instead, it stole our data, freedom and mental health, says Project Liberty Founder Frank McCourt, who’s advancing a new digital infrastructure to support a better web and better world
JPMorgan: Spot Bitcoin ETFs Could Put ‘Severe Downward Pressure on Bitcoin Prices’
26.11.2023
Global investment bank JPMorgan has cautioned that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could “put severe downward pressure on bitcoin prices.” The bank’s analysts estimate that billions of dollars could...
Keyp has ‘indefinitely’ put a hold on Game Boy Crypto Wallet
24.11.2023
Keyp, a crypto startup, has announced shifting its focus to Open Dollar, a stablecoin in the works. This will see the Game Boy Crypto Wallet put on hold for an indefinite time. The company has clarified that it has not permanently withdrawn the wallet but has only halted the development for...
From ‘Big Short’ to Big Shift — Michael Burry Rotates Out of Bearish Bets Following Several Misfires
15.11.2023
Michael Burry, famously known for his bold ‘Big Short’ wager against subprime mortgages in the early 2000s, has recently offloaded several substantial bearish positions following unsuccessful outcomes. As the founder of Scion Asset Management, Burry dissolved his put options on major...
YouTubers Put Anal Bead Chess Conspiracy To The Test
14.11.2023
The chess world was rocked by a cheating scandal last September after former world champion Magnus Carlsen insinuated that an opponent, grandmaster Hans Niemann, had used foul play to beat him at the Sinquefield Cup in St. Louis, Missouri. Now, some British YouTubers have put the most outlandish...
Proof of Stake Alliance Updates Best Practices, Signed by Coinbase, Paradigm, and More
9.11.2023
The Proof of Stake Alliance (POSA), in partnership with Paradigm Policy Lab, put forward a new set of best practices for staking with the goal of ensuring “customer protection and responsible innovation in the staking space” on Thursday, November 9th. A collective goal “Our collective goal...
Bitcoin Price Prediction as BTC Price Reverses on Anticipation That BlackRock To Apply for Spot Ethereum ETF – Here Are the Key Levels to Watch
9.11.2023
Bitcoin (BTC) Chart / Source: TradingView While it continues to trade roughly 1% higher on the day, Bitcoin (BTC) has seen an abrupt reversal back from the new year-to-date highs it hit close to $38,000 and was last trading just above $36,000. Traders put the abrupt reversal down to reports that...
Pro-Bitcoin Senator Lummis Explains Why Crypto Is Not The Problem On Terrorist Financing
1.11.2023
U.S. Senator Cynthia Lummis (R-WY) corrected the record on crypto and terror financing on Tuesday after calling for crackdowns on crypto firms supporting sanctioned groups just days earlier. In a post to Twitter, the Bitcoin-supportive politician highlighted how crypto’s share of illicit...
Bitcoin’s Hashrate Skyrockets: On Track to Hit Half a Zettahash Milestone by Year’s End
15.10.2023
Bitcoin’s hashrate, a key indicator of its computational power, shattered previous records on October 12, 2023. As measured by a seven-day simple moving average (SMA), it has surged to an impressive 455 exahash per second (EH/s). To put that into perspective, the hashrate was hovering around...
Moscow Exchange Plans to Issue Real Estate Digital Assets by 2024
14.10.2023
The Moscow Exchange, the largest exchange in Russia, has announced plans to issue real estate digital assets in 2024. According to Sergei Kharinov, director of digital assets for the platform, this will lower the entry barrier for qualified and unqualified investors to put part of their portfolio...
Ethereum's New Low-Fee Regime May Put Its 'Ultra Sound Money' Thesis to Test
13.10.2023
The Ethereum network's revenue from fees dropped to its lowest level since April 2020 as speculative activity disappeared and users migrated to layer 2s, IntoTheBlock said
Protocols Must Deploy “Asymmetric Countermeasures” to Counter Code Vulnerability Exploiting Hackers — Spherex CEO
28.9.2023
While both attackers and smart contract auditors are motivated to find vulnerabilities in code, according to Eyal Meron, the co-founder and CEO of Spherex, the former “is always more incentivized as the protocol’s total value locked (TVL) grows.” To overcome this challenge, Meron...