Jan 27 2024
The Bitcoin industry added another $140 billion to its capitalization throughout the last seven days on the back of considerable gains across the board. Bitcoin’s price is up a whopping 14.3% in the past week, currently trading at around $34,000 at the time of this writing. On Tuesday, the website of the Depository Trust and …
Jan 26 2024
Morgan Stanley’s Head of Digital Assets, Andrew Peel, has cautioned about a potential “paradigm shift” in the perception and use of digital assets. Peel that the rising interest surrounding assets such as Bitcoin, the surge in stablecoin volumes, and the emergence of Central Bank Digital Currencies (CBDCs) pose a significant challenge to the traditional role …
Jan 26 2024
Cryptocurrency lending platform Nexo is seeking damages worth $3 billion from the Bulgarian government. According to Nexo, the investigations allegedly cost the company a major soccer sponsorship deal and a stock market listing in the United States. Nexo and its subsidiaries filed an arbitration claim with the International Center for Settlement of Investment Disputes (ICSID) …
Jan 26 2024
SBI Holdings, a prominent Japanese financial company, is preparing to launch a $663 million fund supporting Web3, AI, and other fintech startups. The fund is slated to invest in 150-200 companies and is anticipated to begin operations by the current year’s end. The SBI Holdings investment scale is expected to be , ranging from hundreds …
Jan 25 2024
Digital asset custodian Atato announced a strategic integration with Cronos Chain and the XRP Ledger. The main objective of the partnership is to make a substantial influence through its innovative Bring-Your-Own-Chain (BYOC) feature. The integration is expected to boost both the DeFi and GameFi sectors while simultaneously strengthening the XRPL’s role in the blockchain ecosystem. …
Jan 25 2024
Kronos Research has offered to drop all legal charges if the hacker returns 90% of the stolen funds, leaving him $2.5 million to keep. The firm made its offer through an Ethereum to the hacker’s blockchain address on Monday. The offer will only remain valid until Thursday, November 30 at 08:00 UTC. Kronos initially the …
Jan 22 2024
Sun Lin, a former citizen journalist for networks like the US-based , was widely recognized for his investigative reporting on human rights violations and for his advocacy work. Witnesses in the neighborhood reported hearing a commotionbetween the journalist, who also went by the pen name ‘Jie Mu,’ and the national security officers during the early …
Jan 22 2024
Sam Bankman-Fried is standing trial for a fraud of epic proportions. The US government asserts that this disgraced crypto mogul orchestrated one of the grandest financial deceptions in history. His defense paints him as a naive young enthusiast who swam too deep in the digital tides. Two weeks deep into the riveting high-stakes drama of …
Jan 22 2024
Last week, the Wall Street Journal inaccurately reported that Hamas and affiliated terror groups had received tens of millions of dollars in cryptocurrency. The US lawmakers have scrutiny on Tether and Binance in relation to these developments. In a , Tether called out the mainstream media and said there is simply no evidence that it …
Oct 16 2023
Federal prosecutors in the ongoing fraud trial of ex-FTX CEO Sam Bankman-Fried have requested that the judge exclude any discussion of his investment in Anthropic. This request comes in light of recent media reports about Anthropic’s fundraises from tech giants Google and Amazon. Recent reports have indicated that Anthropic is set to receive billions in …