Swan Bitcoin has sued several former employees, accusing them of illegally taking highly prized components of its BTC mining business. Filed on September 25, the lawsuit claims these executives, now running Proton Management, conspired to misappropriate Swan’s intellectual property and secured funding from Tether to create a “counterfeit competitor.” Rain and Hellfire Plan The court filing...Read More
Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), believes there have been significant changes in the financial market requiring upgraded definitions of exchanges and alternative trading platforms. During the 10th Annual U.S. Treasury Market Conference on September 26, Gensler highlighted the shifts in the capital markets since the SEC first...Read More
Arthur Hayes, co-founder of crypto derivatives exchange BitMEX, believes the time has come for a meme coin breakout. As a result, he has added some tokens to his portfolio to maximize his returns. A series of tweets from the American entrepreneur revealed that he has been purchasing several meme coins, including Pepe (PEPE), Mother Iggy...Read More
Large holders are significantly increasing their stash of Dogecoin. This activity hints at a possible spike in the coin’s future value. The actions of these major players could signal a shift in market dynamics. This article explores which other cryptocurrencies might see a similar trend and what it could mean for investors. Dogecoin (DOGE) was...Read More
Roman Storm, co-founder of Tornado Cash, will face trial on money laundering charges on December 2 in New York. This is after U.S. District Judge Katherine Polk Failla rejected his motion to dismiss three charges brought against him by the U.S. Department of Justice. (DOJ) Judge Rejects Roman Storm’s Defense During a remote hearing on...Read More
The entire cryptocurrency market has experienced a late 2024 revival since the middle of last week when the US Federal Reserve cut the interest rates in the country by 50 basis points. While BTC, ETH, and other altcoins have produced impressive gains, Ripple’s native token is trailing behind, trading mostly flat on a weekly and...Read More
On Sept. 27, Fortune reported that Changpeng Zhao (CZ) will step out onto the streets of California as a free man two days before his official release date. The outlet reported that if a release date falls on a weekend, inmates leave custody early. CZ was scheduled for release on Sept. 29 following four months...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, September 27th, 2024] As part of its mission to onboard the next billion users and bridge the gap between Web2 and Web3, BNB Chain is expanding its focus on stablecoins through a series of retention-driven initiatives, including the Total Value Locked (TVL) Incentive Program, deeper integration of stablecoins...Read More
[PRESS RELEASE – San Francisco, California, September 19th, 2024] The Civic ID Verification Pass provides real-world benefits to users who can verify their identity and age quickly and rent a car directly from a car owner, without intermediaries Civic, a leader in tokenized identity on the verifiable web, joins forces with Rentality, the first web3...Read More
Around 89,000 Bitcoin options contracts are due for expiry on Friday, Sept. 27. These BTC derivatives have a notional value of around $5.8 billion. Today’s options expiry is a whopper due to the end of the month and the end of the third quarter, so it could impact spot markets, which have been on the...Read More
Arthur Hayes, co-founder of the crypto exchange BitMEX, believes Bitcoin is the “release valve” for fiat printed by traditional finance governments to suppress volatility in financial markets to unnatural levels. In an essay titled Volatility Supercycle, Hayes discussed how politicians printing money to create a calm economic surface triggers volatility in crypto and pushes the...Read More
