In a settlement with US authorities, BIT Mining agreed to pay $10 million in penalties related to bribery allegations involving Japanese government officials to secure a resort license. The company, which operates in the Bitcoin mining sector, admitted to violating the Foreign Corrupt Practices Act (FCPA) by conspiring to pay bribes and falsifying records. As...Read More
Federal prosecutors in the United States have filed charges against five individuals accused of carrying out a complex phishing and hacking operation that targeted employees of companies across the country. According to authorities, the scheme led to the theft of intellectual property, sensitive corporate data, and millions of dollars in cryptocurrency, including $6.3 million stolen...Read More
[PRESS RELEASE – Zurich, Switzerland, November 22nd, 2024] FIFA and next-generation gaming technology studio Mythical Games today announced a collaboration to launch FIFA Rivals – a groundbreaking, officially licensed, football mobile video game. Scheduled for release on mobile on iOS and Android, FIFA Rivals will focus on exciting arcade gameplay to deliver an unprecedented gaming...Read More
Shaquille O’Neal has agreed to pay $11 million to settle a class action lawsuit brought by holders of the Astrals NFT collection. The settlement, submitted as an unopposed proposal on Monday in a Florida district court, is now pending approval by Judge Federico Moreno. If granted, it will resolve allegations that he promoted unregistered securities....Read More
The promise of a pro-crypto regulatory environment led by the incoming administration of the United States President Donald Trump has triggered a positive effect among cryptocurrencies, with the native assets of layer-1 blockchains raking in substantial gains. According to a CryptoQuant report, crypto assets like XRP, TRX, Toncoin (TON), SOL, ADA, the native assets of...Read More
The world’s leading cryptographic currency is trading over 40% higher than its average price on the eve of the November 5th US elections. Analysts agree that this is owing in large part to the promises of the Trump campaign and its allies to ensure that the federal government is fair to the innovative new Internet...Read More
Several base-layer blockchain cryptocurrencies that compete with Ethereum—because they are optimized for smart contracts and open-source currency issuance—rallied further up their price charts than ETH during the US election rally. Even Bitcoin gains beat Ether’s on this turn of the markets. For the 30 days ending Friday, Nov. 22, Bitcoin’s price gained 47%. Meanwhile, Sui Coin...Read More
Contrary to most, BitMEX came to life with no major funding. It all started with a casual chat between our founders Arthur Hayes, Samuel Reed, and Ben Delo, post a coding bootcamp they attended in Hong Kong back in 2014. On 24 November 2014, BitMEX – the Bitcoin Mercantile Exchange – came to life. Arthur...Read More
The US-based spot Bitcoin ETFs enjoyed a highly positive week, with every trading day ending with net inflows of millions and even billions of dollars. In stark contrast, the Ethereum counterparties ended the same five-day trading period deep in red territory. Over $3B Enter BTC ETFs Weekly It has been nothing short of a spectacular...Read More
Bitcoin’s price was still up by 9% compared to its valuation a week ago. But that’s a far cry from its green 17% weekly candle on Nov. 10, just five days after the US elections. The election of a crypto-friendly cabal of Republican politicians with war chests full of blockchain money gave the market a...Read More
The U.S. Securities and Exchange Commission (SEC) has confirmed the distribution of over $4.6 million to investors impacted by the unregistered initial coin offering (ICO) of blockchain startup BitClave. The funds will be paid out from the BitClave Fair Fund following a notice and claims process. BitClave’s $29 Million ICO Settlement “The checks are in...Read More
