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New Twist in Mt Gox Repayments: Creditors to Wait Until 2025
11.10.2024
Nobuaki Kobayashi, the trustee in charge of overseeing Mt Gox’s remaining assets, has pushed back the deadline for creditor repayments by a year, now set for Oct. 31, 2025. Mt Gox Trustee Postpones Repayment Deadline by One Year In an announcement on Thursday, Kobayashi cited delays...
Cleanspark Sets Ambitious New Hashrate Target After Reaching 30 EH/s
11.10.2024
Cleanspark, a publicly traded bitcoin mining company, announced this week that it has reached an operational hashrate of 30 exahash per second (EH/s). The company expects to surpass 37 EH/s by the end of 2024 and aims for further growth to 50 EH/s in 2025. Cleanspark Now Operates 30 EH/s...
Trump and Politifi Tokens Surge — Which Coins Are Soaring the Most?
11.10.2024
With former President Donald Trump topping the charts on Polymarket, a popular predictions platform, the political finance (politifi) tokens have enjoyed a strong 16.7% boost in the past 24 hours. All ten of the leading politifi tokens are in the green, with many showing double-digit gains....
EigenLayer Price Prediction: Whale Activity Hints at Gains, Crypto All-Stars Also Sees Growth
11.10.2024
EigenLayer and its native EIGEN token have been catching some attention lately – especially given the recent whale activity. With big investors moving in, there’s growing buzz about whether EIGEN could be preparing for another rally. In this article, we’ll look at what’s driving the hype...
Trump’s World Liberty Financial Announces Bold Plan — But Will It Work?
11.10.2024
The Trump family-backed World Liberty Financial, a financial technology firm, has announced plans to launch a decentralized finance (defi) protocol designed for widespread adoption. The company aims to integrate blockchain technology and a community-driven governance system to offer an accessible...
Ether ETFs Buck the Trend: How Much Did They Pull in While Bitcoin ETFs Struggled?
11.10.2024
U.S. spot bitcoin exchange-traded funds (ETFs) faced another tough day, with all 12 funds experiencing outflows totaling $120.76 million. Meanwhile, the nine spot ethereum ETFs saw a different story, pulling in $3.06 million during the trading session. Bitcoin ETFs Tumble, Ether Funds Walk Away...
KIVA AI Secures $7M to Transform AI Development With Enhanced Human Feedback Operations
11.10.2024
PRESS RELEASE. KIVA AI, a promising new platform dedicated to advancing AI technology through improved data curation and human feedback, has successfully raised $7 million in a funding round led by Brooklyn-based Web3 investor CoinFund. The round attracted participation from a lengthy and diverse...
High-Return Crypto Scheme Hit With Cease-and-Desist in Texas
11.10.2024
Texas regulators have issued an emergency cease-and-desist order against two individuals accused of promoting a fraudulent cryptocurrency investment scheme. The alleged scheme, tied to Trage Technologies, promised high returns on digital asset arbitrage trading but is accused of misleading...
Valuewalk.com: Fractional vs. Whole Crypto Purchases – Pros and Cons
11.10.2024
Cryptocurrency is considered an accessible investment vehicle because of the low entry barrier. In many cases, there are no regulatory requirements for the average user to meet other than registering an account at a crypto exchange or other trading platform. In addition, crypto investments allow...
Uniswap Labs Introduces Scalability-Focused Ethereum L2
11.10.2024
Uniswap Labs has announced Unichain, its Ethereum Layer-2 solution aimed at streamlining the user experience for those leveraging its services. The organization specified that Unichain would be built as part of Optimism’s Superchain, designed specifically with decentralized finance in mind....
Nigerian Fintech Okra Launches Cloud Unit to Boost Revenue
11.10.2024
Nigerian fintech startup Okra has entered the cloud infrastructure market in West Africa with its new subsidiary, Nebula. The move aims to diversify revenue and mitigate economic risks. Nebula offers a more affordable alternative to global cloud providers and aligns with the government’s push...
Washington Investors Set to Reclaim Digital Currency in GS Partners Settlement
11.10.2024
After over a year of negotiations, the Washington State Department of Financial Institutions (DFI) has joined a multi-state settlement agreement with GS Partners. Accused of violations under Washington’s Securities Act, the case centers on GS Partners’ Metacertificates and a multi-level...
Ethiopia Boosts Bitcoin Mining Power Allocation to 600 MW
11.10.2024
Ethiopia has rapidly expanded its electricity allocation to Bitcoin mining, making it one of the world’s fastest-growing markets for this activity. The country plans to further increase its capacity this year. Many of the miners are using mid-generation machines due to their low power...
BRICS Nations Set for 4.4% Growth in 2024-2025, Outpacing G7 Economies
11.10.2024
Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth of 4.4% in 2024-2025, compared to 1.7% for G7 countries. Siluanov highlighted BRICS’ growing share of global GDP, now at 36.7%, and...
FBI Warns Investors of Growing Crypto Scams Amid Billion-Dollar Losses
11.10.2024
The Federal Bureau of Investigation (FBI) has issued a warning to cryptocurrency investors, highlighting a surge in scams, particularly targeting retirees and the elderly. FBI experts explain how scammers trick victims into fake crypto investments and scare them into handing over more funds before...
Zimbabwe Limits USD Outflows for Departing Residents to $2,000
11.10.2024
The Reserve Bank of Zimbabwe (RBZ) has imposed a new limit on the amount of U.S. dollars that travelers can carry out of the country. Under the revised regulations, travelers are now limited to carrying a maximum of $2,000 in cash when departing Zimbabwe. Previously, travelers were allowed to carry...
London Man Denies Running Illegal Cryptocurrency ATMs
11.10.2024
A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds. The individual is accused of converting £300,000 into digital currencies without Financial Conduct Authority (FCA) authorization. The regulator stressed that there are no legal...
BRICS Nations to Expand Use of National Currencies Through New Financial Platform
11.10.2024
Russian presidential aide Yury Ushakov announced new BRICS initiatives to increase the use of national currencies in trade, backed by financial infrastructure developments like a BRICS-wide platform and special clearing systems. This move aims to simplify transactions between member nations...
Heavy Sell-Off Pushes Bitcoin to $58.8K, Cautious Buying Fuels Modest Recovery
11.10.2024
The price of bitcoin dipped to $58,867 on Thursday, around 2 p.m. Eastern Time, but by 8:50 p.m. it had climbed back above $60,000. The initial drop reflected heavy selling pressure, but the later rebound—though slow—suggests a potential recovery might be on the horizon. Bitcoin...
FBI Seeks Crypto Fraud Victims in Major Market Manipulation Case
11.10.2024
The Federal Bureau of Investigation (FBI) is urging potential victims of cryptocurrency fraud to come forward as it investigates market manipulation involving several cryptocurrency companies. Accusations include “wash-trading” and artificially inflating trading volumes to deceive...