Tesla boss Elon Musk is guilty of insider trading against his followers using Dogecoin (DOGE), alleged memecoin investors in a court filing against the tech entrepreneur on Wednesday. The accusations are a follow-up to a $258 billion class action lawsuit filed by the same group in June 2022, accusing Musk and his companies of causing...Read More
Popular crypto exchange Coinbase will launch Bitcoin and Ethereum futures contracts for institutional investors on June 5, the company said on its website. The company will launch these products through CFTC-regulated Coinbase Derivative Exchange, promising lower fees than other US-regulated derivatives exchanges. BTI and ETI for Institutional Investors Coinbase has partnered with leading FCMs (Futures...Read More
The Twitter account belonging to OpenAI CTO Mira Murati was hacked on Thursday, and used to promote a scam crypto token supposedly backed by the company. The tweet stayed online for roughly an hour, garnering 80,000 views from platform users before being taken down. Another Scam AI Token The hacker promoted a fraudulent airdrop for...Read More
As the Bitcoin market continues to display massive volatility near the $27K level, investors are awaiting a bullish surprise to ride on a short-term uptrend. The U.S. unemployment rate recently broke the expected 3.5%, creating a favorable position for Bitcoin’s upward trajectory. Additionally, the recent rise in the debt ceiling is building a bullish positive...Read More
In a report recently published by the Consumer Financial Protection Bureau (CFPB) of America, regulators warn that crypto and fiat held on mobile apps may not actually benefit from the FDIC’s policy of insuring up to $250k per depositor. Non-Bank Services Not Covered According to the report, an unfortunate consequence of the rise of payment...Read More
Will the Federal Reserve stop raising interest rates next month? For Bitcoin investors, the answer may not actually matter. According to BitMEX co-founder Arthur Hayes, Bitcoin’s price and inflation will rise in tandem precisely because of hawkish central bank policy – contrary to what modern monetary theory would suggest. How Rising Rates Will Increase Inflation...Read More
Do you remember the first time you heard about cryptocurrency? You may have even been extremely skeptical of Bitcoin and considered all those who purchased it to be fools. But here we are now, with crypto buzz all around and blockchain technology advancing day by day. The world is changing rapidly, and it’s quite exciting...Read More
Abstract: We take a second look at the fee differences between actual Bitcoin blocks produced by miners and the fees one may expect, based on a local Bitcoin Core node. We explore the concept of out of band fees as a potential explanation for these differences. We have detected evidence that the recent apparent increase...Read More
Michael Novogratz, the founder and CEO of Galaxy Digital, believes the crypto space is lackadaisical right now due to low participation from institutional investors. During an interview with CNBC, the American investor said the market lacks enthusiasm as most of the recent activities in the space are coming from retail buyers while large-scale players are withdrawing. “Quite...Read More
[PRESS RELEASE – Dubai, UAE, June 2nd, 2023] S-Trade, a new crypto exchange with a range of innovative features, has launched with the goal of simplifying digital asset trading. It provides solutions catered to a wide range of traders, including those who favor a hands-on approach as well as those who prefer to use trading...Read More
[PRESS RELEASE – Accra, Ghana, June 2nd, 2023] DPAT, the first Web3 crowdsourcing platform designed to connect investors with real estate and infrastructure opportunities in major African cities, has announced the launch of its highly anticipated updated roadmap and revamped website. Positioning itself as a bridge to new emerging economies, the Ethereum-backed Web3 investment platform...Read More
One of two crypto-friendly banks that provided much-needed liquidity for the industry – both of which went bankrupt earlier this year – Silvergate Bank, has been ordered to present a concrete plan for the voluntary liquidation they agreed to within the next ten days. Liquidation to Happen ASAP Silvergate first announced plans for voluntary liquidation...Read More
In a recent development, Lawyer Kylie Chiseul Kim has been granted permission to withdraw as counsel for Ripple Labs, a move that could potentially impact the company’s legal position, according to reports. This decision by the Southern District Court of New York has raised concerns about Ripple’s defense strategy in the ongoing lawsuit filed by...Read More
[PRESS RELEASE – SAN FRANCISCO, UNITED STATES, June 1st, 2023] With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables the staking of BRC-20 tokens...Read More
Stablecoin issuer Circle announced launching USDC natively on Arbitrum on June 8th. The latest move will replace the currently circulating bridged version of the stablecoin that comes from Ethereum. USDC Will Be Native to Arbitrum A statement released by Circle said Arbitrum will be renaming the Ethereum-bridged version of USDC on block explorers as “USDC.e”...Read More
May was a month of many meme coin listings to meet market demand, as well as platform improvements and partnership announcements, intended to really support you(sers) and boost the BitMEX ecosystem. We also shared more on our plans to send Bitcoin to the moon, yes the moon. For all that happened, or is about to happen...Read More
