Two co-founders of the defunct Singaporean hedge fund Three Arrows Capital (3AC) have been arrested and sentenced to four months in prison for failing to comply with a court order. 3AC, which managed more than $10 billion in digital assets prior to its collapse last June, has left creditors with over $3.5 billion in claims. […]
The Ethereum network has seen a rise in staking since major network upgrades, Merge and Shanghai, but this has come at the cost of higher centralization and lower staking yields, according to a new report by JPMorgan. The top five liquid staking providers — including Lido, Coinbase, Figment, Binance and Kraken — control more than […]
The Federal Reserve’s recent decisions to raise interest rates and reduce its balance sheet have caused uncertainty in the cryptocurrency markets. Investors are concerned that the Fed’s actions could lead to a decrease in the value of digital assets, as well as a decrease in the demand for them. The Fed’s decisions have also caused […]
MetaMask, a wallet provider, has developed a new feature called MetaMask Snaps to give users more insights into their transactions and interactions within the application. Francesco Andreoli, the head of the developer community at ConsenSys, spoke about how they ensure that the feature is secure for users. He highlighted the importance of consent and ensuring […]
PrimeXBT has rapidly expanded its Crypto Futures platform, adding support for 20 new Altcoin pairs including Dogecoin. This major expansion demonstrates the exchange’s commitment to rapidly improving its Futures offerings to attract more traders. The full list of newly added assets includes ADA/USD, ALGO/USD, AVAX/USD, AXS/USD, DOGE/USD, DOT/USD, EGLD/USD, EOS/USD, FIL/USD, FTM/USD, ICP/USD, KLAY/USD, LINK/USD, […]
Charles Edwards, founder of the Capriole Fund, recently observed the hodl waves for long-term Bitcoin holders. He noted that the recent surge in long-term Bitcoin holders is comparable only to 2016, and that this jump will have big consequences in 2024. Edwards also pointed out that this was not seen in the last bull cycle, […]
Bitcoin has shrugged off the robust U.S. jobs data that was released recently, which is forecasting tighter monetary policy. Despite the news, Bitcoin has remained relatively stable, indicating that the cryptocurrency is not as affected by traditional economic indicators as other markets.The U.S. jobs data showed that the economy added 266,000 jobs in November, which […]
The Canadian Securities Administrators (CSA) has provided guidance to the trading of stablecoins on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted operations in the country due to regulatory developments.The CSA has acknowledged that stablecoins, which it terms as “value-referenced crypto assets,” may constitute securities or derivatives. The […]
The now-bankrupt FTX exchange, its sister company Alameda, and venture capital firm Andreessen Horowitz (a16z) have reclaimed over 11.5 million SOL tokens worth about $255 million amid the bankruptcy proceedings. The crypto assets held by FTX totaled $3.4 billion, with SOL holdings topping the pile at $1.16 billion. Galaxy Finance is managing the crypto holdings, […]
Elon Musk, the billionaire entrepreneur, is facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) for failing to comply with a subpoena for his testimony related to his acquisition of Twitter/X shares. The SEC has accused Musk of not appearing for a testimony scheduled for September 15, which had been served to him […]
