A widely followed crypto analyst says that Bitcoin (BTC) is on the cusp of entering the parabolic phase of the market cycle. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 474,000 followers on the social media platform X that it appears as if the crypto king is one weekly close away …
Monthly archives: May 2024
Russian Commodity Companies Using Stablecoins To Settle With Chinese Counterparts: Report
Russian commodities firms are reportedly using the top stablecoin USDT to execute financial transactions with Chinese companies. Bloomberg, citing “top executives at the companies,” reports that at least two metals producers in Russia use the Tether-issued stablecoin and other crypto assets to facilitate cross-border transactions with clients and suppliers in China. The companies, which are …
BlackRock Amends Spot Ethereum (ETH) ETF S-1 Filing With SEC As Approval Process Enters Second Stage
Asset management titan BlackRock is amending its spot market Ethereum (ETH) exchange-traded fund (ETF) filing with the U.S. Securities and Exchange Commission (SEC). According to new documents, BlackRock – which has over $10 million in assets under its management – has amended its S-1 filing with the regulatory agency as the approvals process enters its …
Former FTX and Alameda Executive Ryan Salame Handed 90-Month Prison Sentence, Ordered To Pay Over $11,000,000
A US judge has sentenced Ryan Salame, one of the top executives of the collapsed crypto empire FTX, to 7.5 years in prison. Judge Lewis A. Kaplan issued the sentence on Tuesday following Salame’s guilty plea to conspiracy to make unlawful political contributions and defraud the Federal Election Commission and conspiracy to operate an unlicensed …
Biden campaign reportedly seeking help from crypto industry to rebuild new policy
President Joe Biden’s re-election campaign has reportedly initiated a significant outreach to the crypto industry, according to a new report from The Block. Marking a notable shift from his previous stance, this engagement, which reportedly began approximately two weeks ago, involves seeking guidance from key figures in the crypto sector on community and policy matters. …
Continue reading “Biden campaign reportedly seeking help from crypto industry to rebuild new policy”
AO ‘supercomputer on Arweave’ blockchain fair launch set for June 13
AO, a new protocol built on Arweave’s permanent data storage layer, will launch on June 13, according to a statement released on May 30. Arweave co-founder Sam Williams described the project as “Bitcoin, but a supercomputer on Arweave.” Tokenomics AO will have a token that trades under the ticker AO. The project will have a …
Continue reading “AO ‘supercomputer on Arweave’ blockchain fair launch set for June 13”
Bitcoin benchmark: Only eight digital asset tokens hit ATHs in BTC post-FTX collapse
Quick Take Since the collapse of FTX in November 2022, only eight digital asset tokens have broken their previous all-time highs (ATH) against Bitcoin (BTC). This data, shared by the anonymous X profile Huma Capital, highlights a significant trend in the digital asset market. Huma capital data shows that the first of these tokens to …
Real-world assets platform TVVIN leverages Polkadot to scale gold tokenization
Real-world assets (RWAs) tokenization platform TVVIN has expanded to Polkadot as part of its strategy to become an omni-chain platform. In a May 29 statement, the platform revealed it was launching its London Bullion Market Association (LBMA)-certified gold token (VVG) and its platform utility token (TVVIX) on Polkadot. Why Polkadot? By expanding to Polkadot, TVVIN …
Continue reading “Real-world assets platform TVVIN leverages Polkadot to scale gold tokenization”
Singapore bank DBS in top 40 Ethereum holders with $648 million stash, Nansen finds
Blockchain analytical platform Nansen said Singapore’s largest bank, DBS, is an Ethereum whale after identifying a wallet purportedly belonging to the financial institution. In a May 30 social media post, Nansen claimed DBS holds approximately 173,753 ETH, valued at $648 million, in the wallet address “0x9e927c02c9eadae63f5efb0dd818943c7262fb8e.” It added that the bank had made over $200 …
Semler Scientific Bitcoin strategy sets BTC per share at 0.0000842
Quick Take MicroStrategy was the first publicly traded company in the US to acquire Bitcoin and use it as a treasury asset, beginning this practice in August 2020. Since then, the company has amassed 214,400 BTC. A key metric for MicroStrategy is “BTC per Share,” which indicates the amount of Bitcoin each outstanding share of …
Continue reading “Semler Scientific Bitcoin strategy sets BTC per share at 0.0000842”
Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC
Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic stablecoin. According to a court filing, the settlement terms are currently undisclosed and the alleged …
Continue reading “Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC”
Iconic Auto Brand DeLorean Partners With Web3 Agency Otherlife to Launch Digital Marketplace
On May 30, the renowned auto brand DeLorean, made famous in the iconic film “Back to the Future,” revealed a collaboration with Web3 creative agency Otherlife, a branch of Moonpay. Together, they aim to launch a groundbreaking marketplace where DeLorean enthusiasts can purchase, sell, and exchange vehicle reservation build slots. Web3 Agency Otherlife and Auto …
Pepe, Super Trump, Brett, WienerAI Lead May’s Top Meme Coin Gainers
Meme coin season is back in full swing as Pepe, Super Trump, and Brett experienced huge gains in May. Meanwhile, the new presale crypto WienerAI is emerging as a top prospect as its total raise surges toward $3.5 million. Are these meme coins set to continue their growth into June? PEPE, STRUMP, BRETT Bullish as …
Continue reading “Pepe, Super Trump, Brett, WienerAI Lead May’s Top Meme Coin Gainers”
Marketnode Secures Series A Funding Led by Financial Services Giant HSBC
On Thursday, Singapore’s Marketnode, a digital market infrastructure operator, secured funding for its Series A financing round led by HSBC, the British multinational universal bank and financial services group. The exact amount raised during the Series A funding was not disclosed. HSBC Joins Forces With Marketnode to Revolutionize Digital Asset Solutions HSBC has backed Marketnode, …
Continue reading “Marketnode Secures Series A Funding Led by Financial Services Giant HSBC”
Blackrock Advances Spot Ether ETF With SEC Amendment, Analyst Eyes June Launch
The world’s largest asset manager, Blackrock, has updated its S-1 registration statement for the Ishares Ethereum Trust, which will be listed as “ETHA.” According to the update, ‘Seed Creation Baskets’ were acquired by the fund’s ‘Seed Capital Investor.’ Furthermore, several spot ether exchange-traded fund (ETF) applicants now have their respective tickers listed on the Depository …
Continue reading “Blackrock Advances Spot Ether ETF With SEC Amendment, Analyst Eyes June Launch”