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FTX’s Revised Reorganization Plan Addresses Cryptocurrency Claims Valuation
17.12.2023
Source: Adobe / Ascannio The debtors of now-defunct cryptocurrency exchange FTX have submitted an amended Chapter 11 plan of reorganization, suggesting that customer asset claims should be valued retroactively to the date of the exchange’s collapse in November last year. In a recent...
Are Hackers Two Steps Ahead of Security in a Cat-and-Mouse Game? Experts Answer
17.12.2023
Source: AdobeStock / aLListar/peopleimages.com Talking with Cryptonews, Raz Niv, co-founder and CTO at the Web3 security company Blockaid, and Kate Kurbanova, co-founder of risk management firm Apostro, discussed the evolution and high adaptability of crypto thieves, the “ingenious” methods...
Tether CEO Details Partnership with FBI and Secret Service in Letter to Legislators
17.12.2023
Source: Unsplash Tether, the company responsible for the USDT stablecoin, has made public letters it sent to the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee, underscoring its dedication to security and close cooperation with...
Taiwan Police Target Crypto Influencers Linked to Polymarket Election Betting
16.12.2023
Source: Pexels Taiwanese law enforcement has initiated an investigation into online influencers and community members involved in promoting a Polymarket contract related to Taiwan’s upcoming election. According to a report from Taiwan-based media outlet BlockTempo, the country’s...
Crypto Analyst: Bitcoin Could Hit $1 Million in Days to Weeks After Spot ETF Approval
16.12.2023
Bitcoin Logo / Source: Adobe Bitcoin (BTC) has the potential to skyrocket to $1 million within a matter of days to weeks following the approval of a spot Bitcoin exchange-traded fund (ETF). According to Samson Mow, CEO of Jan3, the combination of limited Bitcoin supply on exchanges and a surge...
Bitcoin Volatility Incoming as BTC Price Forms This Key Technical Pattern – $38K or $48K Next?
16.12.2023
Source: Adobe Stock Bitcoin (BTC) chart analysis suggests the price has formed a key short-term technical pattern that could be a harbinger of extreme volatility ahead, with quick dump to $38,000 or pump towards $48,000 possible depending on how the pattern is broken. Amid its consolidating back...
Iris Energy to Ramp Up Capacity in 2024 Following $22M Spend on Bitmain Rigs
16.12.2023
Source: AdobeStock / Photocreo Bednarek Renewable Bitcoin mining company Iris Energy has revealed the acquisition of 1.6 EH/s of Bitmain T21 miners, increasing its self-mining capacity to 10 EH/s. In a press release on December 15, the company disclosed plans to acquire 8,380 new-generation...
TVL on Real-World Assets Spikes Up 700% as Stablecoin and CBDC Popularity Grows in 2023
15.12.2023
Source: Adobe / Luisa Total value locked on real-world assets recorded a 700% surge year-to-date (YTD) alongside overall decentralized finance (DeFi) figures in 2023 as the market’s bullish sentiment continues. A recent market report by CCData shows overall strength in the market after several...
Bitcoin ‘Cash Creates’ Model ETFs are a “Done Deal” Says Expert – Here’s What You Need to Know
15.12.2023
Source: Adobe Stock Bitcoin spot ETF applicants will almost certainly be forced by regulators to adopt an “in-cash” redemption model for their fund’s shares, according to Bloomberg ETF analyst Eric Balchunas. When asked how negotiations between the Securities and Exchange Commission (SEC)...
Arrest Warrant Issued for Self-Proclaimed ‘Crypto King’ Accomplice in $14 Million Scam
15.12.2023
Source: Pixabay A judge in Ontario, Canada has issued a warrant for the arrest of Ryan Rumble, an accomplice of Canada’s self-proclaimed “crypto-king” Aiden Pleterski, for aiding the con artist in his years-long eight-figure crypto investment scam. A class action lawsuit launched earlier this year...
Red Bull Formula 1 Team Launches NFT Collection on Sui Blockchain
15.12.2023
Source: Pixabay The Red Bull Formula 1 team has dropped an exclusive NFT collection on the Sui blockchain after a dominant performance in the 2023 Formula 1 season. The team announced in a press release Friday that fans would be able to mint the collectibles free of charge exclusively on Sui,...
Verida and inDAO Team Up to Help Uzbekistan Adopt Web3 Tech
15.12.2023
Source: Pixabay inDAO, a specialized organization focused on incorporating blockchain technology into daily life, and Verida, a provider of self-sovereign digital identity solutions, have formed a partnership with the goal of promoting the widespread adoption of Web3 in Uzbekistan. The partnership...
Sui Blockchain’s Promise: Simplifying Crypto Transfers via Email
15.12.2023
Image Source: Pixabay Mysten Labs, founded by five former Facebook engineers, is working on its Layer 1 blockchain Sui to revolutionize the ease of sending money and cryptocurrencies. The company aims to simplify blockchain transactions to the level of basic online communication, enabling seamless...
Inside Job: Security Engineer Behind Multi-Million Dollar Crypto Exploits
15.12.2023
Source: Adobe / Rawpixel.com Shakeeb Ahmed, a senior security engineer associated with an international technology company, pleaded guilty on December 14 to computer fraud in connection with his hacking of two decentralized crypto exchanges. The announcement of the guilty plea was made by Damian...
First Trust Submits ‘Buffer’ Crypto ETF to SEC as Gensler Reconsiders Approach
15.12.2023
Image Source: iStock Illinois-based financial services firm First Trust has formally submitted Form N1-A to the US Securities and Exchange Commission (SEC), notifying the agency of its intentions to launch a crypto-backed exchange-traded fund (ETF). According to the prospectus submitted to the...
Ripple Releases Framework on the Future of CBDCs Highlights Benefits and Challenges
15.12.2023
Source: AdobeStock / photo_gonzo Blockchain payment firm Ripple has rolled out a whitepaper on the state of Central Bank Digital Currencies (CBDCs), their utility in cross-border payments as well as challenges towards adoption in several jurisdictions. The framework published on Dec 14 explains...
Bitcoin Price Pressured as Fed Official Says “Premature to Even Be Thinking About” Rate Cuts – Where Next For BTC?
15.12.2023
Source: Pixabay / Michael Wuensch The Bitcoin (BTC) price has come under pressure on Friday, dipping 2% from around $43,000 to the low $42,000s in wake of hawkish commentary from a leading US Federal Reserve monetary policymaker John Williams. Williams, who is the president of the influential...
Prepare for a North American Bitcoin Mining Infrastructure Boom + More News
15.12.2023
Source: AdobeStock / thodonal Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Prepare for the Next Bitcoin Mining Infrastructure Boom – BlocksBridge Consulting Bitcoin Miner Marathon...
Bitcoin’s Volatility Surge: $48 Million Liquidated in 24 Hours
15.12.2023
Source: Adobe / Maximusdn The surge in volatility that followed the US Federal Reserve’s interest rate announcement on Wednesday caused some $48 million to be liquidated in 24 hours in the Bitcoin market. As of press time on Friday, Bitcoin (BTC) again traded just below the $43,000 mark, after...
Blockchain Meets AI: Ethereum’s Early Investors Dive into New Era
15.12.2023
Source: Adobe Investment firm cyber.Fund, known for its early support of Ethereum (ETH), has committed $100 million to projects at the intersection of blockchain technology, artificial intelligence (AI), and the Internet of Things (IoT). With previous investments in Cosmos, Solana, and Polkadot...