The United States Attorney for the Southern District of New York announced that a total of six executives of the cryptocurrency Ponzi scheme AirBit Club have pleaded guilty for their roles in an internationally coordinated series of fraud and money laundering charges. Over a period of five years, the operators of AirBit Club had allegedly...Read More
New York Attorney General Letitia James has sued cryptocurrency exchange KuCoin for selling both commodities and securities on its platform without necessary registration. One of the “securities” it alleges KuCoin to have illegally sold is Ether – the second largest cryptocurrency next to Bitcoin. Ethereum is a Security, Says NYAG Per the lawsuit filed with...Read More
Canada-based cryptocurrency miner – Hut 8 Mining – released its financial results for the year and quarter that ended December 31st, 2022. The company managed to increase its mining production by over 28% year over year and ramp up its fiat revenues by CA$16.9 million. However, it was still not spared by the suppression in...Read More
U.S. President Joe Biden released his official 2024 budget plan this Thursday – and cryptocurrency transactions are in its crosshairs. His many proposals include subjecting crypto to the same wash sale rules as stocks and bonds, while also raising capital gains taxes for the wealthiest Americans. Biden’s Budget Plan The plan, according to the White...Read More
Arthur Hayes, the co-founder of cryptocurrency derivative trading platform BitMEX, has proposed a new type of stablecoin, NakaDollar (NUSD), which would be backed by bitcoin (BTC) and bitcoin derivatives. Hayes noted in a blog post that, unlike a majority of already existing stablecoins, including Tether USD (USDT), USD Coin (USDC), and Binance USD (BUSD), NUSD...Read More
The crypto market is currently bleeding as Bitcoin price leads the bearish momentum. While Bitcoin is struggling to claim its lost $22,000 level, major altcoins have lost more than 80% from their highs. At the time of writing, Bitcoin is changing hands at $21,737 after a loss of 1.80% from the previous day trade. Immediate...Read More
In recent years, the rise of cryptocurrency has caused a lot of excitement and controversy in the financial world. While some see it as the future of money, others warn of its potential dangers, particularly for traditional banks. As the collapse of the Silvergate bank has taught the risks related to crypto investments, several central...Read More
[PRESS RELEASE – Please Read Disclaimer] BlackFort, a Layer-1 blockchain, launched its mainnet at the end of January 2023. After announcing on January 13, 2023, on its Twitter account that the mainnet was coming soon, BlackFort is now waiting for increasingly more crypto enthusiasts to join the community. Bringing Innovation to a New Level For...Read More
[PRESS RELEASE – Please Read Disclaimer] Although Asia, North America, and Europe have been at the forefront of innovation for the past several years and especially crypto adoption, more recent reports suggest that numerous countries in Africa, such as Nigeria, have opted on the digital asset bandwagon. While the reasons could vary from a lack...Read More
[PRESS RELEASE – Please Read Disclaimer] The studio also announced the completion of phase one of the roadmap. Portal Fantasy, a brand-new pixel RPG ala old school Pokémon has just announced the launch of its first-ever closed beta on the Avalanche network on March 28th, 2023. Portal Fantasy is a browser-based adventure RPG that focuses...Read More
Following the collapse of FTX – and the subsequent inquiries into just how much Silvergate knew about the business dealings of the FTX Group – trouble began brewing for the bank. Looming Trouble These troubles only began compounding. First, Silvergate announced that they would be delaying the results of their K-10 report by several weeks,...Read More
Silvergate Capital, a central lender to the cryptocurrency industry, has announced the winding down of its operations and the liquidation of its bank. The company is one of the two primary banks for crypto firms, along with Signature Bank. The liquidation announcement caused the stock to plunge more than 36% in after-hours trading. Reasons for...Read More
On March 8, attorneys working for former crypto billionaire Sam Bankman-Fried said his criminal trial scheduled for October 2 may need to be delayed. They argued that it may take more time than expected to review the evidence and prepare a defense, according to Reuters. The lawyers sent a letter to U.S. District Judge Lewis...Read More
On 14 March 2023 at 04:00 UTC, we will be listing new quarterly futures on BitMEX. The new contracts will be visible on the platform from 13 March at 04:00 UTC as Unlisted, 24 hours before the start of trading. Please see the table below for the listing and settlement dates of current and upcoming...Read More
On 31 March 2023 at 12:00:05 UTC, we will update our index weights. And from today, the hypothetical values of indices with their new weights will be published as the “NEXT” index family (e.g. .BXBT_NEXT). As of 31 March 2023 at 12:00:05 UTC, assuming no constituent exchanges have been excluded – and due to Index...Read More
