The Superior Court of the District of Columbia has dismissed a civil complaint against American business intelligence company MicroStrategy, which alleged that the firm helped its co-founder Michael Saylor evade income tax payments. According to a recent filing, Saylor and MicroStrategy filed a motion to dismiss the complaint in October, and the court ruled in...Read More
HSBC, Nationwide Building Society, and other banking heavyweights in the UK are reportedly implementing a new set of restricting rules aimed at purchasing cryptocurrency. The move comes amid a chaotic year for the crypto industry, which witnessed the failure of several industry giants. Same Old Song According to a Bloomberg coverage, the biggest banking institution...Read More
BitMEX co-founder Arthur Hayes published an essay on Thursday outlining “realistic potential situations” that could make oil prices boom, and make Bitcoin’s price skyrocket as a result. The former CEO argued that such a scenario could spur central banks across the world – including the Federal Reserve – to return to a market-friendly loose monetary...Read More
With hotter-than-anticipated economic data released in February, uncertainty over inflation has increased, and the U.S. stock market is now at a crucial crossroads. Despite growing concerns among investors, the economy displays signs of resilience that may help safeguard Bitcoin against a significant downward shift. Although Bitcoin investors are advised to remain cautious until the release...Read More
Some reports have started running rampant following a tweet that CryptoPotato created earlier today. More specifically, the tweet in question is this: RE: @binance – Voyager deal This is what a US Judge responded to an SEC attorney who failed to provide specific arguments: “Deliberative is one thing, but what have you done? If there...Read More
[PRESS RELEASE – Berlin, March 3 – 2023] The Fold12 project has just announced the release of its Bitcoin blockchain NFT collection, which runs on the Ordinals protocol; meanwhile, Yuga Labs, the company behind the Bored Ape Yacht Club, after being caught stealing their logo, BAYC decided to borrow the idea of an existing NFT...Read More
Bitcoin price dropped below $22,500 from $23,400 in minutes following the Silvergate fiasco. Major exchanges stopped dealing with the crypto-friendly bank that created huge FUD within the space. As a result, massive liquidations were recorded in the early trading hours. While the market participants have become extremely bearish on Bitcoin, some chances of a rebound...Read More
The bankrupt cryptocurrency lending firm Celsius announced the reopening of Distributable Assets in certain Custody Accounts. Following the update, some customers took to social media to reveal being able to withdraw funds for the first time since the lender halted its services last June. The development comes a month after the United States Bankruptcy Court...Read More
U.S. Bankruptcy Judge Michael Wiles made the comments at a court hearing in New York on March 2. The Voyager Digital restructuring plan would involve the sale of just over $1 billion worth of its assets to Binance.US. However, the SEC has opposed the deal claiming that it violates securities laws. When questioned about the...Read More
