Oct 13 2023
Ark Invest, led by Cathie Wood, has taken a significant step forward by filing an updated version of its spot Bitcoin ETF prospectus. The move is in response to recent feedback from the U.S. Securities and Exchange Commission (SEC) asking for clarifications on some concerns. Eric Balchunas, a seasoned ETF analyst at Bloomberg, was quick …
Oct 12 2023
iFinex, the owner of popular cryptocurrency exchange network BitFinex and collaborator with Tether Holdings Ltd, reportedly unveiled a $150 million share buyback plan. This new announcement marks a significant milestone for the company’s growth, history, and efforts to make amends for its tainted history. As per the , iFinex has offered a $10 per share …
Oct 12 2023
Ross Ulbricht, the founder of the infamous darknet marketplace Silk Road, revealed that he has now spent an entire decade in prison. He took to social platform X to express his fear that he would spend his remaining days trapped within “concrete walls and locked doors.” Supporters on X rallied around him, arguing that his …
Oct 10 2023
The FCA added 145 digital asset companies, including major exchanges Huobi-owned HTX and KuCoin, to its warning list. This decision follows the FCA’s expansion of regulations to include cryptoasset service providers, regardless of their geographical location. In the UK, companies engaged in cryptocurrency operations must either be registered with the Financial Conduct Authority or have …
Oct 10 2023
ChatGPT chatbot places gold at the first spot of the eight investment asset classes that can protect people against galloping inflation. “Gold has been used for centuries as a store of value and a hedge against inflation. It tends to be a good investment,” ChatGPT said. The popular AI chatbot placed the precious metal at …
Oct 09 2023
Cosmos-based Stride has been on a roll lately. Despite the prolonged market-wide bearish trend, Stride’s governance token – STRD – has surged 330% year-to-date. According to a recent Nansen report, the protocol currently commands more than 80% of the market share within the Cosmos ecosystem. STRD has a market cap of around $72.29 million and …
Oct 09 2023
Stars Arena, an Avalanche-based social app, has been hacked. According to early estimations, the perpetrators have swiped almost all funds (roughly $2.9 million in AVAX) from the platform. Stars Arena later apologized and raised hopes to make users whole again. There has been a major security breach with the smart contract. We’re actively checking the …
Oct 08 2023
Coinbase has obtained a major payment institution (MPI) license from the Monetary Authority of Singapore. The license builds on its in-principle approval granted by the state regulator in October of the previous year. This significant milestone grants the company the authority to provide regulated digital payment token (DPT) products and services. As a result, the …
Oct 08 2023
Argentine naval authorities seize more than 17,000 kilograms of soybeans. The shipment, valued at more than four million Argentine pesos (nearly US$11,500) Authorities detained one suspect who was involved in another smuggling case and placed another under investigation. El Soberbio, in the Misiones Province, has in recent years become a hub for the transport of …
Oct 08 2023
Gulnara Karimova, the daughter of late President of Uzbekistan Islam Karimov, is charged with organized crime and money laundering. She is already serving a term in an Uzbek prison. The unnamed former general director of a Russian telecommunication company’s Uzbek subsidiary was indicted at the same time. According to the charges, from 2001 to 2013 …