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Property Behemoth Evergrande Seeks Chapter 15 Relief in US; This Shiba Inu Contender Appears As The Best Investment Launch in 2023
21.8.2023
Evergrande, a prominent player in the Chinese property sector, is seeking respite by initiating bankruptcy protection through a U.S. court filing. This strategic move invokes Chapter 15 of the U.S. bankruptcy code, reflecting a deliberate response to the financial challenges besetting the property...
SEC charges crypto investment manager with misleading advertising, custody claims
21.8.2023
The case against Titan Global Capital Management is the first brought under the U.S. regulator’s 2020 revised marketing rule. It also touches on compliance issues
Farmington Bank Faces Fed Wrath: Alameda-Backed Financial Institution Ordered to Shutdown
21.8.2023
In a statement released August 17, 2023, Farmington State Bank, with an investment from Sam Bankman-Fried’s Alameda Research, consented to a cease and desist order from the U.S. Federal Reserve. Alameda invested $11.5 million into the bank’s coffers in January 2022. Government seizure...
Legendary Investor Jeremy Grantham Predicts Inevitable US Recession, Challenges Fed’s Forecast
20.8.2023
A significant portion of investors and financial organizations surmise that the U.S. could avert a recession, but Jeremy Grantham, the co-founder of investment firm Grantham Mayo Van Otterloo (GMO), deems it inescapable. Grantham contends that the Federal Reserve’s optimistic prognosis...
TRON DAO Ventures’ investment fuels Curve’s launch on networks
18.8.2023
TRON and Curve have bagged a crucial partnership in the DeFi sphere. There are basically two parts to this collaboration. The first part is where TRON DAO Ventures has invested $2 million in CRV by buying tokens of the same value. The second part is where Curve has agreed to launch on two networks...
SpaceX sold $373M worth of Bitcoin acquired in 2021-2022: Report
17.8.2023
Elon Musk announced in 2021 that SpaceX had some Bitcoin holdings following an SEC filing showing Tesla planned to purchase $1.5 billion worth of the cryptocurrency
Coinbase-Backed Securitize Set to Acquire Crypto Investment Platform Onramp Invest
17.8.2023
Securitize, a firm that specializes in tokenizing private investments, is all set to acquire the crypto investment platform Onramp Invest.
The Informant reported Onramp's team of 18 is all set to integrate into Securitize's existing workforce of 150.
Securitize, backed by companies like Coinbase...
BitGo Crypto Custodian Secures $100 Million in Funding, Valuation Reaches $1.75 Billion
17.8.2023
Crypto custody provider BitGo has raised $100 million in a Series C funding round to reach a valuation of $1.75 billion, the firm announced on Wednesday.
Participating in the funding round were several “new, outside strategic investors,” BitGo said in the announcement.
The firm did not name...
Judge Approves Investment Banker as Declarant in SEC vs. Ripple Legal Battle – Here's the Latest
17.8.2023
In the latest development of the legal case between the United States Securities and Exchange Commission and Ripple Labs, Judge Analisa Torres has approved the participation of an investment banker declarant, Andrew A. Kunsak....
Read More: Judge Approves Investment Banker as Declarant in SEC...
CoinCatch’s Parent Company Intends to Participate in the Strategic Investment in CoinDesk
17.8.2023
PRESS RELEASE. 17 Aug 2023 (BVI) – Linkbase Technology Limited, the parent company of the global cryptocurrency exchange CoinCatch expressed the intention to participate in the strategic investment in CoinDesk to strengthen the crypto media landscape amidst the current challenging market...
Ethereum: A mixed bag in 2023, But still a good investment
17.8.2023
The recent launch of PayPal’s USD stablecoin, known as PYUSD, as an ERC20 token on the Ethereum network has ignited significant interest in the cryptocurrency market. This move signals a crucial step toward Ethereum’s mainstream adoption. It is significant not only for the Ethereum...
Canadians are moving past crypto speculative trading: Coinbase country head
17.8.2023
The industry should build trust with retail consumers as Canada shifts to a digital economy, says Coinbase country director for Canada, Lucas Matheson
Today in Crypto: Stellar Buys Minority Stake in MoneyGram, Adidas and BAPE Reveal Limited Sneakers Auctioned via NFT Passes, Three Key Silvergate Execs Set to Leave the Company
16.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Stellar Buys Minority Stake in MoneyGram, Adidas and BAPE Reveal Limited Sneakers Auctioned via...
Stellar announces investment in MGI via Development Foundation
16.8.2023
Stellar has announced that it is investing in MoneyGram International, also known as MGI in short, through its Development Foundation. Stellar Development Foundation, often referred to as SDF, will hail the investment opportunity just 2 years after they executed their commercial agreement. Stellar...
SEC v. Ripple: Judge greenlights investment banker declarant's entry
16.8.2023
The court seeks to address issues related to orders that rejected the SEC's plea to seal the Hinman speech documents and Ripple's request to seal information regarding XRP sales
Auradine: How a Crypto Startup Secured $81 Million with a Visionary Pitch
15.8.2023
Crypto startup Auradine has managed to secure a staggering $81 million in its debut funding round, even without a product or customers to its name, a recent article from Fortune Crypto has revealed.
This substantial amount, garnered solely from a pitch deck, raises eyebrows, particularly amidst...
BTC price won't hit $100K before 2024 halving — Bitcoin investment exec
15.8.2023
Bitcoin halving data will not be reflected in the market for a year or more, says Jesse Myers
The Secular Investment Case for Bitcoin and Crypto Adoption Remains Intact: Coinbase
15.8.2023
The combined effect of expansionary fiscal and monetary policies should support bitcoin long term as a hedge against fiat debasement and profligate spending, the report said
Goldman Sachs Expects Fed to Start Cutting Interest Rates in Q2 Next Year
15.8.2023
Goldman Sachs has predicted that the Federal Reserve will start cutting interest rates in the second quarter of next year. The global investment bank’s economists also expect the Fed officials to forego hiking rates at their upcoming meeting. “We are penciling in 25 basis points of cuts...
Robert Kiyosaki Recommends Buying Silver Before It’s Gone
15.8.2023
Rich Dad Poor Dad author Robert Kiyosaki has urged investors to buy silver before it’s gone, noting that the precious metal is getting rarer. He stressed that silver is “a better bargain” as a long-term investment than gold. Robert Kiyosaki Urges Investors to Buy Silver...