Amidst regulatory headwinds back home, the Winklevoss twins have doubled down their efforts to expand Gemini’s offerings to non-US residents. The new service aims to target both retail and institutional traders but will exclude users from UK and EU. Gemini Foundation – the highly anticipated non-US derivatives platform – went live on May 1st for...Read More
A Democratic presidential candidate is pushing against the growing anti-crypto sentiment within his party by blaming regulatory agencies’ “war on crypto” for various bank failures that transpired in March. In recent days, environmental lawyer Robert Kennedy Jr. has spoken out against the Biden administration’s general handling of the ongoing banking crisis, opposing the bailout approach...Read More
Europol announced on May 3 the conclusion of Operation SpecTor, which spans through multiple jurisdictions and recently brought down Monopoly Market, another dark market that sprang up after previous ones were hated. Hundreds of Arrests and Seizures According to a press release published early this morning, Europol coordinated authorities across the U.S., Austria, France, Germany,...Read More
Druk Holding & Investments – the investment arm of the Royal Government of Bhutan – partnered with the Nasdaq-listed company – Bitdeer Technologies Group – to introduce a $500 million fund that should support bitcoin mining activities in the Himalayan country. Recent sources suggested that the nation might have been secretly producing BTC since 2017,...Read More
The Federal Reserve announced another small increase to its benchmark rate on Wednesday, bringing it between 5% and 5.25%. Bitcoin’s price remained relatively flat on the announcement, fluctuating between $28,000 and $28,500. The increase was largely in line with expectations, with the market only pricing in an 11.8% chance that the Federal Open Markets Committee...Read More
The Bitcoin price is undergoing a pretty rigid phase as it is failing to inculcate the required momentum to hit $30,000. The bears are successfully restricting the price at the interim threshold as the bulls continue to remain resilient. While the volume has soared to some extent, the price is believed to remain volatile as...Read More
With several market analysts giving their takes on the key driver behind this renewed surge, MicroStrategy’s former CEO, Michael Saylor, recently expressed his view on the matter. Inflation and Counterparty Risks Drive Bitcoin Adoption In a recent CNBC interview, Saylor noted that two dynamics are pushing the broad adoption of Bitcoin. He revealed that the...Read More
Celsius Network founder Alex Mashinsky – who was accused of defrauding investors out of billions of dollars in crypto by concealing the failing health of his now-bankrupt lending platform – has filed a response seeking to dismiss the New York State complaint against him. The complaint was filed by New York State Attorney General Letitia...Read More
[PRESS RELEASE – Mahe, Seychelles, May 3rd, 2023] Former executives from Ankr and Blockdaemon have joined their expertise to create Tenet, the first Layer 1 blockchain built to create a hub for Liquid Staking Derivatives (LSDs). Tenet is emerging from stealth mode and unveiling its Testnet today, enabling developers to interact and experiment with the...Read More
[PRESS RELEASE – Paris, France, May 3rd, 2023] Today marks a groundbreaking step for decentralized finance (DeFi) on the Solana blockchain as Symmetry launches its highly anticipated User Interface at https://app.symmetry.fi/. The platform aims to revolutionize the way users manage their portfolios through crypto indices and actively managed funds by providing an all-in-one solution for...Read More
A recent tweet by attorney Jeremy Hogan has sparked renewed optimism within the Ripple community. Hogan highlighted that Judge Analisa Torres, who is presiding over the ongoing Ripple v. SEC lawsuit, previously ruled against the U.S. Securities and Exchange Commission (SEC) in a case involving global mining group Rio Tinto. The Ruling Against the SEC...Read More
The New York State Department of Financial Services (NYDFS) ordered the cryptocurrency exchange BitFlyer USA to pay a $1.2 million fine for not abiding by the state’s cybersecurity regulations. However, the watchdog endorsed the company’s efforts to upgrade itself in that field by the end of 2023. The NYDFS Strikes Again New York’s regulator enforced...Read More
A handful of influencers famed for their personal finance expertise on YouTube are being chased hard by victims who lost their fortunes in FTX’s collapse. One such is crypto YouTuber Tom Nash – he was served a lawsuit through a tweet after a Florida district court judge granted the Moskowitz Law Firm permission for the...Read More
Coinbase is reeling from recent regulatory action as investors are fleeing from its shares. This has resulted in company stock slumping 28.6% over the past three weeks. On April 11, COIN was trading at a little over $70, however, it had slid to $51 in after-hours trading on May 2 following a 3% fall since...Read More
[PRESS RELEASE – London, United Kingdom, May 3rd, 2023] Metacade, the exciting new play-to-earn GameFi platform, continues its ascent as one of the most promising prospects in the space after announcing their listing date for MEXC Exchange at 09:00 UTC on the 4th May. MEXC is one of the go-to platforms for new traders and...Read More
[PRESS RELEASE – George Town, BVI, May 2nd, 2023] The Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets. Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi...Read More
Celsius is seeking to consolidate two of its entities located in the United Kingdom and the United States. The bankrupt crypto lender faces charges of poor record-keeping of its affiliate companies, making it almost impossible to “fully reconstruct” intercompany claims. The distinction between Celsius’ UK and US operations was deemed to be a “sham” by...Read More
Former Coinbase CTO, Balaji Srinivasan, recently withdrew from his $1 million Bitcoin bet in which he gambled that the price of Bitcoin would reach $1 million. Although he withdrew from the bet, Srinivasan still believes that the US dollar is heading towards hyperinflation and that the economy will not experience a “soft landing” as promised...Read More
Former Coinbase CTO Balaji Srinivasan has withdrawn from his notorious $1 million Bitcoin bet, in which he gambled $1 million in USDC on the price of Bitcoin reaching $1 million. However, the investor stands by his thesis that the US dollar is on the road to hyperinflation, stressing that the economy will not experience the...Read More
The White House is attempting to persuade Congress to pass a 30% climate change tax on cryptocurrency miners as part of its next federal budget. The change, titled the Digital Asset Mining Energy (DAME) excise tax, is designed to encourage mining firms to start taking better account of their so-called ‘societal harms’, including higher energy...Read More
The SUI token is the Sui platform’s native asset. Sui is a smart contract platform maintained by a permissionless set of validators which offers scalability and unprecedented low-latency for common use cases, ranging from gaming to retail payment at physical points of sale. Starting today, 3 May 2023, BitMEX traders will be able to long...Read More
