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Arbitrum DAO seeks opportunities to invest in real-world assets
8.5.2024
Some crypto companies have expressed their willingness to help Arbitrum diversify their holdings. Arbitrum is planning to invest 35 million ARB tokens valued at $37 million in liquid and stable assets. More than twenty-four companies pitched their products in a recently held open call, including...
Solana DePIN Ambient gears up with new funding and acquisition
8.5.2024
Solana DePIN Ambient, a pioneering decentralized ambient intelligence platform, has successfully raised funds in a pre-token launch fundraising round. This significant milestone comes as the platform prepares for its official token launch and underscores investor confidence in Solana DePIN...
High on Ayahuasca: Bitcoin-promoting Commencement Speaker Lands in Hot Water
8.5.2024
The speech by a US university commencement speaker, Chris Pan, included a Bitcoin bit - but what went wrong?
The post High on Ayahuasca: Bitcoin-promoting Commencement Speaker Lands in Hot Water appeared first on Cryptonews
FTX plan promises 118% cash payout to nearly all creditors
8.5.2024
FTX, the collapsed virtual currency exchange platform, promises to repay 98% of its creditors, with the amount owed improved by 118% within two months after getting the nod from the court. During the meeting on Tuesday, a revised plan was presented, which raises the prospects of financial recovery...
New era of Blockchain innovation: HTX partners with Astar Network
8.5.2024
HTX, the industry’s top asset exchange, has partnered with Astar Network on the recently established TGE Catalyst Grant. Astar Network is a blockchain that aims to become Polkadot’s smart contract hub. According to industry sources, the Astar Network will serve as an efficient parachain...
Hong Kong Cracks Down on Fake Crypto Exchange Allegedly Linked to Elon Musk
8.5.2024
The Hong Kong Securities and Futures Commission (SFC) has warned the public regarding Quantum AI, an entity allegedly engaged in fraudulent activities related to virtual assets and deceiving the public by impersonating Elon Musk.
The post Hong Kong Cracks Down on Fake Crypto Exchange Allegedly...
Digitex Founder Pleads Guilty to Failure in Anti-Money Laundering Program Implementation
8.5.2024
The U.S. Attorney’s Office for the Southern District of Florida said Todd pleaded guilty to “willfully causing” Digitex to violate the Bank Secrecy Act.
The post Digitex Founder Pleads Guilty to Failure in Anti-Money Laundering Program Implementation appeared first on Cryptonews
Cardano notices fluctuations in the last 4 days: $0.48 peak, 10% drop
8.5.2024
Sentiments are largely negative within the Cardano ecosystem, with selling emotions overriding the need for accumulation. ADA was last seen exchanging hands at $0.441, which is lower than the peak of $0.48, true as of May 4, 2024. The support level has now been set at $0.44. Cardano has shed a...
Robinhood favored to prevail in potential crypto court case against SEC
8.5.2024
Analysts at Keefe, Bruyette & Woods (KBW) have weighed in on the potential legal battle between Robinhood and the U.S. Securities and Exchange Commission (SEC), expressing confidence that the popular trading platform would likely emerge victorious in any crypto-related court case. This...
Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows
8.5.2024
FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate, Alameda Research. This fund will ensure payments of...
Ethena Labs boosts USDe token with Bybit integration
8.5.2024
Ethena Labs, an artificial stablecoin startup, has incorporated Bybit for building on its USDe token as a collateral asset on the crypto exchange. Further backing of USDe will enable users to conduct trading perpetuals and generate yield on Ethena. It stands at $15.3%, and zero-fee trade...
SEC Argues for Injunctions in Final Response of Ripple XRP Case
8.5.2024
The SEC challenged Ripple’s assertion that the blockchain startup acted without recklessness and that there should be no “widespread uncertainty” about XRP’s legal status, despite the court previously rejecting this “fair notice” defense.
The post SEC Argues for Injunctions in Final Response...
Injective, Underperforming in Crypto Markets, Now Plans Layer-3 Chain on Arbitrum
8.5.2024
Injective’s "inEVM," which connects the Ethereum, Cosmos, and Solana networks, will rely on Arbitrum's Orbit toolkit
It's Not a Token Offering, It's a 'Node Sale': Sophon Blockchain Raises $60M
8.5.2024
The blockchain project's founders aren't even publicly named, but they've enjoyed remarkable success in fundraising, partly thanks to this increasingly popular fundraising method, where the longer you wait, the higher price you pay
Thiel-Backed Cryptography Startup Lagrange Raises $13M
8.5.2024
Lagrange, which specializes in zero-knowledge cryptography, is the latest startup to ride EigenLayer's "restaking" wave
Primex integrates Squid for cross-chain token transfers
8.5.2024
Primex has incorporated Squid, wherein users will be provided the option of shifting their tokens, selecting one amongst 60 backed EVM and Cosmos chains. This will be utilized in the protocol. Axelar is a Web3 interoperability blockchain linking and allowing cross-chain messaging amongst more than...
Standard Chartered estimates further upside for Bitcoin
8.5.2024
Bitcoin is currently listed at $62,626.23, down by 1.45% in the last 24 hours. Despite the majority of the community anticipating a surge post-Bitcoin Halving, a long-awaited consolidation occurred. The ongoing phase of BTC has raised questions about its future predictions—for instance, if BTC will...
Crypto Principal Trader Arbelos Markets Raises $28M Led by Dragonfly Capital
8.5.2024
Before starting Arbelos Markets last year, Tang served as chief investment officer at quantitative digital asset investment firm LedgerPrime while Lim was head of trading strategy at Galaxy and head of derivatives at now-defunct crypto lender Genesis
First Mover Americas: Bitcoin Hovers Above $62K
8.5.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for May 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
AI Predicts China Will Ban High-Energy Blockchains
8.5.2024
We asked three AI platforms to predict the future of high-energy consumption blockchains in China, and the unanimous answer points to a ban.
The post AI Predicts China Will Ban High-Energy Blockchains appeared first on Cryptonews