Amidst mounting regulatory threats on the home turf, Coinbase has announced its intention to locate its EU MiCA hub in Ireland, citing a supportive political environment for FinTech companies. The latest move is part of Phase II of its highly ambitious “Go Broad, Go Deep” international market strategy, for which Coinbase has revealed having several...Read More
Investment management giant BlackRock filed an amended version of its spot Bitcoin ETF S-1 application form on Wednesday, following numerous updated filings from rival firms. The updated filing includes five additional pages of text warning of additional risks the fund’s investors may face, including risks related to Bitcoin itself. Bitcoin Lacks Transparency, Says BlackRock In...Read More
[PRESS RELEASE – Melbourne, Australia, October 19th, 2023] The cryptocurrency market is rapidly evolving, and at the forefront of this revolution is Hommiestoken, a project that’s set to redefine the landscape of blockchain-based utility. Hommiestoken is on a mission to empower the middle class worldwide with a comprehensive multi-utility dapp system. As the launch date...Read More
Superdao, a platform founded to help with the development of decentralized autonomous organizations (DAO), said it would shut down operations due to unprofitable returns and would refund investors. The platform raised over $10 million in 2022 and supported more than 2,000 DAO launches. Superdao to Exit Market Superdao CEO Yury Lifshits announced plans to wind...Read More
The crypto market continues to gain a bullish move for almost a week as the top cryptocurrencies are trading in the green. On the other hand, midcap altcoins such as AAVE price continue to struggle to hold their price as the coin continues to bleed. The price has been constantly trading in a descending triangle...Read More
Do Kwon, the co-founder of Terraform Labs, is at the center of a legal storm as new revelations regarding the terraUSD (UST) stablecoin collapse in 2022 come to light. Kwon is under investigation, with recent developments indicating that the involvement of market maker Jump Trading could be crucial in the legal proceedings. Jump Trading’s Profits...Read More
New York Attorney General Letitia James has taken decisive action against major players in the cryptocurrency industry, filing a lawsuit against Gemini Trust, Genesis Global Capital, and Digital Currency Group (DCG). The legal action centers around Gemini Earn, a joint effort between Genesis and Gemini that offered investors significant returns on their cryptocurrency deposits. Nonetheless,...Read More
Elon Musk and Mark Cuban have joined forces to challenge the U.S. Securities and Exchange Commission’s (SEC) practice of conducting in-house trials without juries. The duo has presented a joint amicus brief to the Supreme Court, raising questions about the legitimacy of the SEC’s administrative proceedings and their implications for the Seventh Amendment right to...Read More
[PRESS RELEASE – New York, USA, October 19th, 2023] Non-custodial protocol for spot margin trading Primex Finance announces the launch of its long-awaited mainnet Beta. Representing a significant milestone for the protocol, the latest version has been deployed on Polygon’s PoS chain. Consequently, traders can utilize the Primex app and access spot margin trading on...Read More
Tesla’s Q3 2023 financial report reveals that the company did not trade or sell any Bitcoin during the last three months. As of Sept. 30, Tesla still possesses around 9,720 BTC, valued at approximately $275.6 million based on current market rates. Tesla Still Holds its Bitcoin According to Tesla’s recently released Q3 2023 financial report,...Read More
After a year’s worth of stonewalling spot Bitcoin ETF applicants, the SEC may be taking a more laid-back approach toward their proponents. Cordial Discussion With Applicants Following a failed bid to block Grayscale from creating an ETF via lawsuit, Cathie Wood – the CEO of Ark Invest – stated that she had noticed a welcome...Read More
The continuous downtrend for Litecoin and multiple altcoins in 2023 projects a strong resistance trendline. Leading to a streak of lower highs, the LTC price finally forms a solid footing close to $60, teasing a bounce back to reclaim trend control. Therefore, despite the strong resistance trendline, the LTC price prediction holds a bullish torch...Read More
Coinbase has revealed that customers residing in eligible non-US regions now have the opportunity to engage in perpetual futures trading on Coinbase Advanced, the firm’s specialized platform designed for discerning retail traders. Starting on October 18, traders will be able to employ USDC as their currency of choice to place bids on four distinct contracts...Read More
Sui Network – a layer 1 blockchain – has gained significant traction since its mainnet launch in May. However, South Korean regulators believe the developers lied about several aspects of the token. According to the latest report by a local news agency, the director of the Financial Supervisory Service (FSC) said that an investigation will...Read More
On 28 September, the first phase of transitioning our legacy KDB engine to the Java engine began – a move made to further improve BitMEX’s core engine architecture and subsequent trading improvements for our users. When the transition is complete by the end of 2023, the BitMEX trading engine will have three times more throughput,...Read More
