Lawyers for former FTX head of engineering Nishad Singh have reportedly asked a New York judge to spare their client from doing any jail time. The attorneys highlighted his limited role in the events leading to the collapse of the crypto exchange, his cooperation with investigators, and his commitment to leading an “exemplary life” as...Read More
Italy intends to increase the capital gains tax on Bitcoin from 26% to 42%. During a news conference at Palazzo Chigi on October 16, Deputy Finance Minister Maurizio Leo discussed the country’s new budget bill, which has been approved by the Council of Ministers. He noted that Prime Minister Giorgia Meloni’s cabinet took this step...Read More
BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), experienced a massive net inflow of $393.40 million on October 16th. According to data from SoSoValue, this figure represents the largest influx since July 22, when IBIT saw $526.7 million in new investments. Spot Bitcoin ETF Market Gains Momentum The spot Bitcoin ETFs recorded a total net...Read More
[PRESS RELEASE – Zug, Switzerland, October 17th, 2024] Most zero-knowledge proofs are generated server-side for scaling, but Aleph Zero’s zkOS does that directly on users’ devices, offering privacy in a fraction of second. Aleph Zero, the leading blockchain platform recognized for its focus on privacy and scalability, announces the launch of the first feature of...Read More
[PRESS RELEASE – Miami, Florida, October 17th, 2024] Valhalla, Floki’s revolutionary blockchain-based Massively Multiplayer Online Role-Playing Game (MMORPG), has proudly announced a new partnership with Hafthor Júlíus Björnsson, the world-renowned strongman and actor famous for his role as “The Mountain” in Game of Thrones. Hafthor is joining Valhalla as its official ambassador, marking the beginning...Read More
With bitcoin (BTC) surging above $60,000 since the beginning of the week, investors have become greedy. This is evident in the Fear and Greed Index, which depicts market sentiment at any given time, turning green in the last two days. Data from Alternative.me shows that the Fear and Greed Index is in the greed zone,...Read More
Kraken announced the launch of its own wrapped Bitcoin token custodied by the crypto exchange. Dubbed ‘Kraken Bitcoin (kBTC),’ the new product is a fully backed, cross-network-compatible ERC-20 representation of Bitcoin. According to the official blog post, kBTC is held at the cryptocurrency exchange’s Wyoming-chartered Special Purpose Depository Institution (SPDI) – Kraken Financial. kBTC is...Read More
[PRESS RELEASE – Madrid, Spain, October 17th, 2024] Web3 companies have faced profitability challenges, worsened by scandals and media stigmatization, leading to a decline in investor trust. Many recognize the need to rebuild confidence and see the importance of cultivating engaged, trustworthy communities. Wagmind Media, a leader in 360° Web3 marketing, is at the forefront...Read More
A new perp listing for DBR – the deBridge token – DBRUSDT – will be available to trade on BitMEX, with up to 50x leverage. Trading will start here at 12:00 UTC on 17 Oct 2024. A Pre-Launch Futures contract for the same token – DBRUSDTV24 – is already available to trade here. If...Read More
Ethereum advocates are fighting back against a wave of misinformation and FUD targeting the ecosystem. The attacks come as ETH has underperformed rival layer-1 blockchain tokens, sparking more crypto tribalism. On Oct. 17, independent Ethereum educator and angel investor Anthony Sassano lashed out at Multicoin Capital co-founder Kyle Samani for posting “blatant misinformation.” Ethereum FUD Escalates...Read More
On Oct. 17, om-chain analytics platform Santiment reported that Bitcoin whale transactions have spiked to their highest level in over ten weeks. There were 11,697 transfers worth more than $100,000 on Oct. 15 and the 16th was also shaping up to be a high day for whale activity. The platform also noted that social media...Read More
High-risk cryptocurrency loans are rising again, and according to insights from analysts, the growth cannot be considered a positive occurrence for the digital asset space. Data from the market analytics platform IntoTheBlock shows that high-risk loans have surged to the $5 million region, a level last seen during the crash of many crypto lenders in...Read More
