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10 months, 3 weeks agoTether Mints $1 Billion USDT as Inventory Replenishment on Ethereum Blockchain
Tether, the operator of the world’s largest stablecoin, has recently minted another billion USDT. This transaction, however, is authorized but not yet issued. Tether CEO Paolo Ardoino clarified that this amount w…
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10 months, 3 weeks agoBitcoin Network Surpasses Solana in Sales Volume, Boosted by Ordinals Transactions
In 2023, the world of nonfungible tokens (NFTs) experienced significant developments and challenges. Despite criticism, NFTs remained a vibrant part of the market, with sales reaching over $1.5 billion in the last…
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10 months, 3 weeks agoChallenges Faced by NFT Marketplaces: Losses for Creators Due to Optional Royalties
In a recent development, Stoner Cats 2 (SC2), the creators of the popular Stoner Cats animated series, have been charged by the Securities and Exchange Commission (SEC) for conducting an unregistered offering of…
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10 months, 3 weeks agoMt. Gox Creditors Finally Receiving Repayments After a Decade of Insolvency
After a decade of insolvency, Mt. Gox cryptocurrency exchange creditors are finally receiving payments for their claims. Recent speculation on the mtgoxinsolvency Reddit page suggests that users affected by the…
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10 months, 3 weeks agoPotential Ripple-SEC Settlement Hinges on Outcome of Coinbase Case
The legal battle between Ripple Labs, Inc. and the U.S. Securities and Exchange Commission (SEC) has attracted significant attention in the crypto community. Attorney John Deaton, founder of Crypto Law, recently…
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10 months, 3 weeks agoJudge Rejects Request to Delay Sentencing for Former FTX CEO
Judge Lewis Kaplan has rejected a request from SBF lawyers to delay the sentencing hearing for former FTX CEO, Sam Bankman-Fried. The request, made on December 20th, sought to adjourn the hearing by four to six…
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10 months, 3 weeks agoEl Salvador Introduces Bitcoin Citizenship Law for Foreigners
The Legislative Assembly of El Salvador has passed a migration law that allows foreigners to obtain expedited citizenship by making Bitcoin donations to government programs. The law, which emphasizes support for…
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10 months, 3 weeks agoRipple vs SEC Lawsuit Enters Remedies Stage: Key Dates and Potential Implications Revealed
After three years of legal battles, the Ripple vs SEC lawsuit is entering its next phase in 2024. The focus now shifts to the remedies stage, with several key dates to mark in the calendar.On February 12, 2024, the…
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10 months, 3 weeks agoJapan's Cabinet Proposes Tax Breaks for Unrealized Crypto Gains
Japan’s Cabinet has approved a proposal to eliminate corporate tax on unrealized cryptocurrency gains, potentially revolutionizing the crypto landscape in the country. If this proposal becomes law, it would mean t…
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10 months, 3 weeks agoUBS Tops Global Job-Cut Rankings in 2023
The UBS, a Swiss bank, is set to make significant job cuts and early retirements starting from January. This development has raised concerns in the financial sector as the year comes to an end. According to a…
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10 months, 3 weeks agoMt. Gox Creditors Finally Receive Repayments After a Decade
After a decade-long wait, creditors of the Mt. Gox Bitcoin exchange are finally receiving repayments for their locked-up funds. Recent reports suggest that Mt. Gox has started distributing Japanese Yen refunds…
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10 months, 3 weeks agoBlackRock's Bitcoin ETF Faces Uncertainty with Third-Party Agent, SEC Approval in Question
BlackRock, the world’s largest asset management firm, has made an amendment to its Bitcoin ETF application, appointing a third-party broker known as a ‘Prime Execution Agent’ to handle the buying and selling of Bi…
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10 months, 3 weeks agoMortgage Rates Plummet, Catching Borrowers Off Guard
The interest rates for mortgages have significantly decreased, but many people seem to be unaware of this change. Financial experts have noticed that it can be challenging for individuals to stay informed about the…
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10 months, 3 weeks agoFTX Debtors Propose Litigation in Bankruptcy Case Over Acquisition of Stock-Clearing Platform Embed
The debtors of defunct cryptocurrency exchange FTX have proposed separate litigation in the bankruptcy case over acquiring stock-clearing platform Embed. The debtors have reached a proposed settlement with former…
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10 months, 3 weeks agoSEC Engages with Bitcoin ETF Applicants, Potential Approval on the Horizon
The US Securities and Exchange Commission (SEC) has set a December 29 deadline for Bitcoin spot ETF applicants to submit final S-1 amendments, indicating a potential move forward in the approval process. The SEC…
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10 months, 3 weeks agoCrypto Community Frustrated with SEC Chair's Lack of Clear Guidelines
Dogecoin co-founder Billy Markus, also known as Shibetoshi Nakamoto, has criticized Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), for not providing clear guidelines for the crypto…
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10 months, 3 weeks agoBitcoin Inventor Discovers the Devastating Consequences of Never Being Born
Satoshi, the inventor of Bitcoin, expresses his despair and wishes he had never been born due to the backlash and criticism he faces. An angel investor overhears this and proposes an intriguing idea. Suddenly, the…
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10 months, 3 weeks agoDeadline Approaching for Spot Bitcoin ETF Filings with SEC
The United States Securities and Exchange Commission (SEC) has set a deadline for spot Bitcoin exchange-traded fund (ETF) applicants to file final S-1 amendments by December 29. The SEC officials recently met with…
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10 months, 3 weeks agoLedger Vows to Compensate Victims and Strengthen Security Measures Following Cyber Attack
French cryptocurrency wallet company Ledger recently experienced a cyber attack in which its Connect Kit was compromised. The attackers injected a drainer code into the kit, allowing them to drain wallets connected…
