In a significant legal development, a United Kingdom court has approved the freezing of £6 million ($7.6 million) in assets belonging to Craig Wright. This decision comes as a preventative measure to ensure Wright does not evade court expenses related to his assertion of being Satoshi Nakamoto, the creator of Bitcoin. The Identity Issue was […]
The first quarter of 2024 witnessed a notable decline in losses attributed to hacking and fraudulent activities within the cryptocurrency space. According to a recent research report released by blockchain security firm Immunefi on March 28, the total losses amounted to approximately $336.3 million. This is marking a significant decrease from $437.5 million reported in […]
Financial giant HSBC has made a significant move into the world of blockchain-based assets. Initially, aims at launching a tokenized gold product aimed at retail investors in Hong Kong. This development marks HSBC’s claim to fame as the first bank to create a blockchain-based real-world asset targeted at the retail market. HSBC Gold Token: Accessible […]
Asset management firm Hashdex has officially joined the competitive landscape of spot Bitcoin exchange-traded funds (ETFs) in the United States. Firstly, marking its entry into a market dominated by industry giants like BlackRock and Fidelity. Conversion to Spot Bitcoin ETF: DEFI Takes Center Stage Hashdex announced the completion of the conversion of its Hashdex Bitcoin […]
In recent weeks, Binance has found itself entangled in a series of regulatory challenges across multiple jurisdictions. Accordingly raising concerns about its operational integrity and compliance with local laws. Detentions and Escapes: Nigeria’s Cryptic Handling One of the most perplexing developments involves Nigeria, where two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, were detained a […]
KuCoin witnessed a staggering net outflow of over $780 million across multiple chains in the last 24 hours following charges brought against it by the U.S. Department of Justice (DOJ). Data from Nansen revealed a total outflow of $882 million, with only $99 million in inflow, resulting in the significant net outflow. The indictment, unveiled […]
FTX, the cryptocurrency exchange, has filed to sell the majority of its stake in Anthropic, a prominent AI company, for a staggering $884 million, according to court documents. This move marks a significant divestment strategy by FTX, aiming to monetize its interest in Anthropic. Court filings disclose the key buyers of the Anthropic shares. ATIC […]
Despite concerns about the U.S. Securities and Exchange Commission’s (SEC) perceived “lack of engagement.” Grayscale expresses confidence in the approval of spot Ether (ETH) exchange-traded funds (ETFs) in May. Grayscale’s Chief Legal Officer, Craig Salm, emphasized that the case for spot Ether ETFs. This is just as strong as it was for spot Bitcoin ETFs. […]
The London Stock Exchange has announced plans to establish a marketplace for exchange-traded notes (ETNs) linked to Bitcoin (BTC) and Ether (ETH). This move marks a significant step in integrating cryptocurrency products into traditional financial markets. The LSE announced that it will commence operations for the market of Bitcoin and Ether ETNs on May 28. […]
In the wake of Bitcoin’s climb to the $70,000 mark, Coinbase shares have surged by over 9% in the past 24 hours. It is reaching above $279 per share according to TradingView data. The rally in Coinbase shares mirrors the broader cryptocurrency market, which has seen a remarkable 61% increase in market capitalization since the […]