Self-proclaimed Bitcoin inventor Craig Wright grew flustered during cross-examination on Wednesday as prosecutors mounted evidence disputing his identity as Satoshi Nakamoto. The computer scientist stands accused of forging multiple documents to give credence to his “false narrative” which expert witnesses – including his own – have now agreed were likely tampered with. Craig Wright Smears...Read More
The United States Securities and Exchange Commission (SEC) has again delayed its decision on whether to approve or not a joint spot Ethereum exchange-traded fund (ETF) proposed by Invesco and Galaxy Digital. This marks the second postponement after a similar delay in December and aligns with the SEC’s recent trend of pushing back deadlines for...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, February 7th, 2024] On April 15-16, the international forum Blockchain Life 2024 will bring together more than 8,000 crypto leaders and thousands of international companies at the main event of the year in Dubai. Official Trailer 2024: [embedded content] For those interested in attending, tickets are available at:...Read More
On Feb. 6, House Financial Services and Agriculture Committee leaders sent a letter to Treasury Secretary Janet Yellen regarding the lack of regulation in the spot market for digital assets that are not securities. The letter was sent from Patrick McHenry, Glenn Thompson, French Hill, and Dusty Johnson, all chairmen of various House committees. They...Read More
The crypto market continues to evolve, with new and innovative projects launching. One exciting addition in 2024 is Pandoshi (PAMBO), a new cryptocurrency priced at just $0.01 per token in its ongoing presale phase. Despite being new to the market, Pandoshi has emerged as a top investment pick for 2024, along with Ethereum and Polygon....Read More
A settlement between defunct crypto lending company BlockFi and the collapsed hedge fund Three Arrows Capital (3AC) was approved by a US bankruptcy court on February 7. The specific terms of the settlement, though, remain confidential. According to the official document, the approval effectively resolved any counterclaims between the parties. Judge Kaplan of the New...Read More
Authorities in South Korea are looking to investigate major cryptocurrency exchange OKX over complaints of the platform’s improper registration in the country. According to a report by News1 Media, South Korea’s Financial Intelligence Unit (FIU) received complaints from the country’s Digital Asset Exchange Association (DAXA). OKX Under Regulatory Probe DAXA, an alliance of South Korea’s...Read More
[PRESS RELEASE – Los Angeles, California, February 7th, 2024] Key Takeaways Focus, the revolutionary new decentralized SocialFi app, raised $75 million in one week Focus rivals subscription platforms like OnlyFans and Patreon, a multi-billion-dollar industry Users can reserve with DESO, BTC, ETH, and more to earn a 90% bonus in $FOCUS tokens for a limited...Read More
Chainlink’s LINK token has surged 38% since late January, propelling it to a 24-month peak, with its market cap reaching $10 billion. This came as crypto whales accumulated over $50 million worth of tokens within the past several days. Separately, data from Glassnode charts indicates that approximately $75 million worth of LINK has flowed onto...Read More
[PRESS RELEASE – Grand Cayman, Cayman Islands, February 7th, 2024] Ondo’s Sui upcoming integration will bring native access to new tokenized assets such as treasuries, securities, and stablecoins on chain Sui, the Layer 1 blockchain which has experienced explosive growth since its inception eight months ago, today announced that Ondo Finance is expanding into the...Read More
The crypto industry is recording a persistent rise, indicating a growing interest of users in it. With the crypto token hype increasing, websites are introducing unique ways to attract users. One such innovative trend that received quick success was the crypto gambling website. Cryptocurrency gambling is a flourishing trend in the industry as it has...Read More
[PRESS RELEASE – Dubai, UAE, February 7th, 2024] CoinMarketCap Research released a report on TrueUSD (TUSD), the USD-pegged stablecoin that offers live, on-chain attestations of its reserves by independent, third-party accounting firms. The report highlighted that TUSD’s market share in the stablecoin sector increased by over 238%. In 2023, TUSD’s market share increased from 0.53%...Read More
[PRESS RELEASE – Jakarta, Indonesia, February 6th, 2024] In an unprecedented move, Saakuru Labs (formerly known as AAG), leading innovators in the Web3 infrastructure sector, has teamed up with Relawan Konco Kulo Gibran, as an appointed tech partner by Prabowo-Gibran presidential campaign in Indonesia for the election campaign, slated to happen on February 14th, 2024....Read More
The BlackRock iShares Bitcoin Trust (IBIT) has emerged as a leading exchange-traded fund (ETF) in 2024, ranking among the top five ETFs in terms of inflows, as per Bloomberg Intelligence data. The ETF has surpassed the performance of numerous well-established funds after achieving over $3.19 billion in flows, with only broad index funds such as...Read More
One of the biggest crypto exchanges in the industry, Binance, delisted Monero (XMR), a popular privacy-focused coin, triggering a substantial price drop and trading volume right after the announcement. Shortly after, Monero reassured users that they would never compromise on privacy. The main reason for the delisting is likely that Monero uses stealth addresses, while...Read More
Popular trader and technical analyst CryptoCon shed light on Bitcoin’s historical patterns in a new analysis published on X, stating that BTC could retest $31.300 this year. Yet, the emergence of ETF inflows could counter further contraction. According to CryptoCon, there hasn’t been a single Bitcoin cycle that has “escaped a retest of the 150%...Read More
In response to mounting accusations and community concerns regarding potential corruption within its ranks, cryptocurrency exchange Binance announced a $5 million bounty for information on potentially corrupt staff members. The decision follows a series of allegations suggesting that Binance’s token listing process might have been compromised, leading to unfair advantages for certain traders. Anti-corruption Measures...Read More
In the latest update of the XRP lawsuit, Ripple today has submitted a court filing seeking an extension of the deadline for additional financial disclosures. This move follows a significant ruling passed yesterday by U.S. District Judge Analisa Torres and Judge Netburn who favored the SEC’s demand for access to Ripple’s financial records. Ripple’s Filing...Read More
This week, we have performed a small reallocation of our Insurance Fund, with some Tether balance exchanged for USDe, which will be held in our regular custody. You can find the exact amounts held in the Insurance Fund here. They are published daily and are verifiable for crypto holdings on our Proof of Reserves and...Read More
