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Web3 Markets in Infancy, Viewed as ‘Lottery’ by Investors, Says Finance Veteran
20.10.2024
Web3 markets remain in their early stages, with many participants viewing them as a “lottery,” according to Artur Guliński, co-founder of Orbitt. This trend is particularly evident in blockchain ecosystems where meme tokens hold significant influence, Guliński, a market dynamics...
Powell’s Legacy, the Ethics of ‘Doxing’, and Uptober or Rektober
19.10.2024
This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story. Inflation, Memecoin drama, the SEC, and More...
$230M Bitcoin Heist Takes Dark Turn — $100M Still Missing, FBI Probes Kidnapping Link
19.10.2024
Two young men pulled off a $230 million bitcoin heist in one of the largest crypto thefts from a private individual in U.S. history. But after indulging in luxury cars and a $2 million watch, the story took a sinister twist. Now, prosecutors say the crime may be tied to a shocking kidnapping —...
SEC approves New York Stock Exchange listing of Bitcoin options ETF
18.10.2024
Traders believe that the approval of options for Bitcoin exchange-traded funds will inject much-needed liquidity into the markets
Bitcoin Staking Protocol Solv Integrates Liquid BTC With Solana’s Defi Ecosystem
18.10.2024
The Solv Protocol has announced the integration of Liquid Bitcoin (LST) into Solana’s decentralized finance (Defi) ecosystem through its new product, Solvbtc.JUP. This initiative allows Bitcoin holders to participate in yield generation by depositing BTC or Wrapped BTC to mint Solvbtc, which...
Crypto.com v. SEC Is a Bold, 'Bet the Company' Case
18.10.2024
If the company's case can clear one procedural hurdle, it will have the SEC on its heels in Texas
Crypto.com sees ‘strong legal footing’ in crypto rulings against SEC
18.10.2024
Previous crypto rulings against the SEC have put Crypto.com on a “strong legal footing” in its lawsuit against the regulator, its chief legal officer Nick Lundgren said
Crypto.com sees ‘strong legal footing’ in crypto rulings against SEC
18.10.2024
Previous crypto rulings against the SEC have put Crypto.com on a “strong legal footing” in its lawsuit against the regulator, its chief legal officer Nick Lundgren said
SEC’s Ripple appeal doesn’t challenge XRP non-security status
18.10.2024
Ripple’s chief legal officer, Stuart Alderoty, emphasized that the SEC’s Form C doesn’t appeal the ruling that XRP is not a security
Nigerian Currency ‘Most Competitive in 20 Years,’ Says World Bank
18.10.2024
Nigeria’s currency reforms under Bola Tinubu’s government have made the naira one of the most competitive in 20 years, according to World Bank chief economist Indermit Gill. The decision to float the naira and remove fuel subsidies helped prevent fiscal collapse. While the naira’s...
Solv launches Bitcoin staking token on Solana
17.10.2024
Bitcoin’s emerging layer-2 and DeFi ecosystems are sparking competition for BTC liquidity on other chains.
Venezuelans Crave USDT as Dollar Exchange Rate Explodes
17.10.2024
Venezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the government has tried to contain the black market exchange rates by injecting dollars into the banking sector, it has enjoyed limited success...
Nishad Singh asks for time served, claiming ‘limited’ role in FTX crimes
17.10.2024
The former FTX engineering director pleaded guilty to fraud and conspiracy charges in February 2023 and will return to court on Oct. 30 for a sentencing hearing.
Bitcoin ETFs hit $20B milestone as price remains stuck in downtrend
17.10.2024
Bitcoin price remains in a seven-month downtrend despite the record ETF net flows
Kraken crypto exchange launches own Wrapped Bitcoin token
17.10.2024
According to Kraken, kBTC reinforces Bitcoin’s position as the “epicenter of crypto” and empowers developers to explore new ways to use BTC
Crypto Exchange Kraken Launches Wrapped Bitcoin Token kBTC
17.10.2024
The token will be available on both Ethereum and OP Mainnet
Coinbase Says Bitcoin Liquidity on Exchange Unfazed After SEC's Lawsuit Against Cumberland
17.10.2024
Kaiko pointed to a notable drop in 2% BTC market depth on Coinbase in a report early this week
Bitfinex hacker should get 5 years jail for 120K BTC heist: Feds
17.10.2024
Ilya Lichtenstein, who stole 120,000 Bitcoin in a 2016 hack on the Bitfinex, should receive a reduced sentence of five-years in prison, prosecutors say.
Jump Trading accused of crypto ‘pump and dump’ in game dev’s suit
17.10.2024
Game developer Fracture Labs accused Jump Trading of using its DIO token to profit millions from a “pump and dump” scheme
Chevron overturn unlikely to impact SEC's conduct — Ripple CLO
16.10.2024
In 2023 alone, the Securities and Exchange Commission filed over 20 lawsuits against firms and individuals in the crypto industry