Finance
In July 2024, the crypto lender BlockFi will initiate the first round of compensation payouts. Asset distribution will be conducted through the Coinbase exchange. Previously, in May, the company announced the final closure of its platform. BlockFi, which faced financial collapse, will commence compensation payouts to its clients in July
Finance
Bloomberg anticipates the launch of spot Ethereum ETFs next Tuesday, July 23. This date was provided by Eric Balchunas, the publication's senior ETF analyst. The reasoning behind this prediction stems from the U.S. Securities and Exchange Commission (SEC) requesting issuers to submit final S-1 forms this Wednesday.
Finance
A Deep Dive into Malaysia's Battle Against Cryptocurrency Electricity Theft In a startling revelation that underscores the growing problem of illegal cryptocurrency mining, Malaysia has reported that unauthorized miners have stolen electricity worth a staggering $722 million over a span of five years. This information was disclosed by
Finance
In a bold declaration of conflict, Ryan Selkis, the CEO of the analytics company Messari, has announced an "operational war" against the U.S. Securities and Exchange Commission (SEC), setting the stage for a potential upheaval in the financial regulatory landscape. This confrontation stems from Selkis' vehement
Finance
The crypto mining landscape has seen significant shifts over recent years, with China emerging as a dominant force despite governmental crackdowns. According to Ki Young Ju, CEO of CryptoQuant, Chinese mining pools currently control around 54% of the global market. This assertion highlights the resilience and adaptability of the Chinese
Finance
On June 25, 2024, U.S. Congressman Matt Gaetz introduced a groundbreaking bill in the U.S. Congress that proposes amendments to the federal tax system. The bill, if passed, will allow Americans to pay their federal income taxes using Bitcoin. Gaetz, a Republican, believes this initiative will support innovation
Finance
Rapper Gazzy Garcia, better known by his stage name Lil Pump, recently unveiled a daring new tattoo that's sparked waves of controversy and speculation across the internet. The tattoo, which prominently features the name 'Solana' inked across his forehead, comes amidst the rapper's latest
Finance
The authorities in Zimbabwe have undertaken the development of regulations for the crypto industry. To this end, a committee has been formed to consult with experts and service providers. The information gathering on virtual assets will continue until June 26. The Zimbabwean authorities have started developing rules for the regulation
Finance
Tether, the issuer of the popular stablecoin USDT, has announced an ambitious investment strategy for the upcoming year, planning to funnel over $1 billion into various sectors. This bold financial commitment will focus on enhancing financial infrastructures, advancing artificial intelligence (AI), and developing biotechnological innovations, as confirmed by Bloomberg citing
Finance
Recently, a significant meeting took place in Tbilisi between representatives of the National Bank of Georgia (NBG) and Ripple Labs. The main topic of discussion was Ripple Labs' involvement in projects aimed at the economic digitization of the country, underscoring the strategic partnership that has been in place since
Finance
A Deep Dive into the Allegations and the Fallout: What Lies Ahead for Shima Capital? In a startling revelation, the venture firm Shima Capital, headed by Yida Gao, is under scrutiny for allegedly misappropriating investments from renowned financial players including Galaxy Digital, Dragonfly, and billionaire Bill Ackman. This investigation, spearheaded
Finance
SEC Chairman Gary Gensler has issued a stern warning to crypto exchanges that fail to comply with the law, emphasizing that mere disclosure of risks does not shield platforms from accountability. In an interview with CNBC, he discussed the regulatory framework for trading platforms and the broader cryptocurrency market. Gensler