Core Scientific, a provider of blockchain computing data centers and software solutions, announced that the United States Bankruptcy Court for the Southern District of Texas has confirmed the Chapter 11 plan of reorganization. With the Bankruptcy Court’s approval, Core Scientific is now set to emerge and re-list on the Nasdaq by the end of January...Read More
The first round of oral arguments between Coinbase and U.S. regulators during their major legal war has come to a close. The result? No immediate rulings – but the judge overseeing the case found herself impressed with Coinbase’s understanding of the issues and technologies at hand. Coinbase VS SEC on Staking Judge Katherine Polk Failla...Read More
Joseph Bankman and Barbara Fried were always close to their son. A certain amount of interest in the well-being of their son and that of his business dealings is to be expected. However, the FTX estate, now led by bankruptcy specialist CEO John J Ray III, argues that SBF’s parents – particularly his father –...Read More
Mutual fund and ETF provider VanEck has announced plans to delist the VanEck Bitcoin (BTC) Strategy ETF from the Chicago Board Options Exchange (CBOE) after January 30. The fund – which trades under the ticker XBTF – is a Bitcoin futures ETF. That means it offers investors Bitcoin price exposure through investing in Bitcoin futures...Read More
An astonishing 49,866 Bitcoins, dormant for 5-7 years, were suddenly on the move on January 16th. At an average unit price of $6,672, these old BTC present an enticing opportunity for buyers, promising a potential profit surge of around 640% upon resale. Notably, this volume wasn’t transferred to any crypto exchanges, as per the latest...Read More
[PRESS RELEASE – Los Angeles, California, January 17th, 2024] Key Takeaways Focus, the revolutionary new decentralized SocialFi app, raised $20 million in less than 24 hours Focus rivals subscription platforms like OnlyFans and Patreon, a multi-billion-dollar industry The Social Airdrop offers users the chance to earn upwards of $100,000 in $FOCUS tokens Focus is a...Read More
Global cryptocurrency market capitalization rose above $1.71 Trillion. Certainly Bitcoin ($BTC) price hit the $48K mark triggering surging of the market cap. However, the leading cryptocurrency settled back to around $42K shortly. But it was altcoins that kept holding the highs. The reverse swing of the crypto market could be momentary and the community believes...Read More
Even with significant capital flowing into the recently introduced spot Bitcoin ETFs, the anticipated positive influence on BTC’s price is yet to materialize. Bitcoin experienced a decline of more than 5% following the approvals last week. In contrast, Ethereum recorded an almost 8% rise over the same period despite struggling to sustain the $2,600 level....Read More
[PRESS RELEASE – Dubai, United Arab Emirates, January 17th, 2024] C1 and Spartan Group Unite Forces to Drive Liquidity, Innovation and Growth. C1 Fund, a $500 million fund dedicated to secondaries in the digital assets space has announced a strategic partnership with the Spartan Group, a prominent Asia-based advisory and asset management firm with an...Read More
[PRESS RELEASE – DUBAI, UAE, January 17th, 2024] BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced its 2024 hackathon program which seeks to accelerate the development of Artificial Intelligence (AI) and other notable sectors in Web3. The ‘Building Smart and Fully-On-Chain Applications’ hackathon not only incentivizes the...Read More
The widely-anticipated Dencun upgrade for the Ethereum network is live on the Goerli testnet. However, the upgrade is experiencing some issues. According to a livestream on YouTube, Dencun was launched on Goerli at 6:32 UTC on Wednesday, but the chain appears to have split as it failed to finalize when expected. Ethereum’s Dencun Upgrade Goes...Read More
Binance, the largest cryptocurrency exchange by trading volume, with 76 billion every day which is the most trusted among investors has experienced many ups and downs in 2023 due to regulatory hurdles which might be CZ’s departure of the 4 billion settlement. According to TokenInsight which is token data the rating company reported that Binance...Read More
A cryptocurrency trader who invested $10,000 in the meme coin Troll has recently realized a profit of over $1.03 million, thanks to capitalizing on Elon Musk’s updated bio description on X (formerly Twitter). On January 9, Musk altered his X profile description to “(CTO) Chief Troll Officer” and posted a message containing a similar phrase...Read More
Ripple CEO Brad Garlinghouse disclosed to CNBC that the company had been actively exploring markets outside the United States for its much-anticipated initial public offering (IPO). Garlinghouse attributed this strategic move to what he described as a “hostile” regulatory environment in the U.S. Nevertheless, the company has currently halted any intentions of pursuing an IPO....Read More
[PRESS RELEASE – San Jose, Costa Rica, January 17th, 2024] An innovative new online casino is gearing up to transform the GambleFi landscape. With an array of classic games using provably fair mechanisms, multi-chain integration, and exclusive investment opportunities, Betix brings a new spin to online gaming. As the crypto gambling industry continues its meteoric...Read More
JUP, the native token of Jupiter Exchange, is now trading on BitMEX via a new pre-IEO linear futures listing – JUPUSDTG24. It’s Tether-margined and offers up to 2x leverage.For a deeper look at our new Jupiter Exchange listing, and more on the JUP Token, read on.If you haven’t signed up for a BitMEX account yet,...Read More
A new listing – MANTAUSDT – featuring MANTA – the Manta Network token, is now available to trade on BitMEX, and with up to 10x leverage. Trading for MANTAUSDT started on 18 January 2024 at 12:00 UTC. For the lowdown on the latest listing, read on. If you haven’t signed up for a BitMEX account...Read More
Almost $10 billion has been traded in spot Bitcoin ETFs in the first three days since they launched last week. On Jan. 17, Bloomberg ETF analyst James Seyffart posted the updated figures revealing $9.7 billion in volume. Moreover, Grayscale has the lion’s share of this, with 52% or $5.1 billion in trade volume. Update on...Read More
Back in June of 2023, the Fantom Foundation held a vote to determine whether the network should maintain its minimum staked token requirement at 500k FTM tokens or slash it by 90% in a bid to increase the spread of the ecosystem. The change had first been proposed in February 2022 but wasn’t voted on...Read More
The crypto sentiment seems to have flipped bullish after last year’s gains, and one MakerDAO data point may suggest that optimistic leveraged bets are making a comeback. The data point in question is MakerDAO’s revenue matrix and the fact that crypto-backed loans are now the DeFi protocol’s biggest revenue contributor above Maker’s much-vaunted real-world asset...Read More
For the first time since September 2023, Bitcoin (BTC) price has consistently closed below the daily 50 Moving Average (MA), thus indicating potential reversals in the near term. The short-term Bitcoin’s bearish outlook is propped up by the possible weekly double-top in addition to the falling divergence on the weekly Relative Strength Index (RSI). Additionally,...Read More
