JPMorgan Chase is handing $100 million to customers after settling a wave of allegations from the U.S. Securities and Exchange Commission. The bank is settling five separate cases with the agency and will pay an additional $51 million to regulators, for a total of $151 million. The alleged violations include misleading disclosures, breaches of fiduciary …
Monthly archives: November 2024
Study suggests Bitcoin mining bans could worsen carbon footprints
Researchers from the non-profit organization Exponential Science and University College London have pointed out that Bitcoin mining bans might have unintended environmental consequences that could increase carbon emissions by up to 2.5 million tonnes annually. In the paper titled “The Unintended Carbon Consequences of Bitcoin Mining Bans: A Paradox in Environmental Policy,” the researchers examined …
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MicroStrategy’s Bitcoin focus drives market cap past $50 billion, overtaking Coinbase
The market capitalization of MicroStrategy, the prominent Bitcoin-focused investment firm, has now exceeded that of Coinbase, the largest crypto exchange in the US. According to data from Yahoo Finance, MicroStrategy (MSTR) is currently valued at over $50 billion, surpassing Coinbase (COIN), which stands at approximately $46.5 billion. This shift is not surprising, given MicroStrategy’s stock’s …
Tron hits second-highest revenue as TRX gains momentum
Tron’s blockchain has seen remarkable progress, with its native token, TRX, surging to a yearly high as the network achieved its second-largest monthly revenue on record. Data from CryptoSlate shows that TRX reached $0.17 within the past 24 hours, reflecting a 55% increase year-to-date. This significant price gain reinforces TRX’s place among the top 10 …
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UAE’s M2 crypto exchange hacked for $13.7M, assures full fund recovery
M2, a UAE-based crypto exchange, experienced a significant security breach that resulted in the loss of $13.7 million in digital assets. In a Nov. 1 statement, the exchange disclosed that the incident occurred on Oct. 31 at approximately 3:16 A.M., noting that while its team responded swiftly to the attack, the breach still led to …
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UBS launches its first tokenized fund on Ethereum blockchain
UBS Asset Management, a subsidiary of Zurich-headquartered investment bank UBS, has launched its inaugural tokenized fund on the Ethereum blockchain, aiming to expand access for its clients. According to a Nov. 1 statement, the new product — the “UBS USD Money Market Investment Fund Token” or “uMINT” — offers clients an innovative investment solution. Token …
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Judge may call Craig Wright back to the UK so he cannnot ‘hide behind a keyboard from a closet in Thailand’
Craig Wright, who is not Satoshi, attended a court hearing today concerning a contempt application filed by the Cryptocurrency Open Patent Alliance (COPA). The judge scheduled the contempt hearing for Dec. 18, with discussions on whether Wright must appear in person and potential cross-examination. BitMex Research provided a live transcript of the court proceedings, during …
Crypto.com Acquires SEC-Registered Broker-Dealer Watchdog Capital to Expand US Trading Offerings
Crypto.com announced on Thursday the acquisition of Watchdog Capital, LLC, a broker-dealer registered with the SEC and a member of FINRA and SIPC. This acquisition will allow Crypto.com’s new subsidiary to offer equities and equity options to eligible traders in the U.S. CEO Kris Marszalek emphasized the company’s commitment to integrating traditional financial tools with …
Bitcoin.com Now Accepts Venmo for Bitcoin and Crypto Purchases in the US, Powered by MoonPay
Bitcoin.com, a pioneer in the Bitcoin and cryptocurrency space since 2015, has partnered with MoonPay to enable Venmo as an accepted payment method for U.S. users purchasing Bitcoin and other cryptocurrencies in the Bitcoin.com Wallet app and on the Bitcoin.com web portal here. This makes Bitcoin.com one of the first partners to offer Venmo as …
Bitdeer Unveils Next-Gen Bitcoin Mining Machines Featuring Its Own Chip and Air and Hydro-Cooling Innovations
Nasdaq-listed Bitdeer announced the launch of its second-generation Bitcoin mining machine, the SEALMINER A2 series, on October 31, 2024. The new machines feature a power efficiency ratio of 16.5J/TH, with the air-cooled model achieving a hashrate of 226TH/s and the hydro-cooled model reaching up to 446TH/s. Equipped with Bitdeer’s independently developed SEAL02 chip, the SEALMINER …
PolitiFi Trading Surges Past $240M as Analysts Back FreeDum Fighters for Post-Listing Rally
The PolitiFi space has caught investors’ attention in the past few weeks. All of this momentum comes before next Tuesday’s presidential election, which will greatly impact the crypto market. In this bullish environment, FreeDum Fighters (DUM) has been on analysts’ radars – securing over $380,000 in presale funding. PolitiFi Tokens Explode to $240M Daily Volume …
BIS Drops Mbridge Project Participation: It Was ‘Not Created to Serve the BRICS’
The BIS announced it was abandoning Mbridge, a project aimed at using CBDCs to interconnect the financial systems of several countries, due to its potential to help BRICS nations sidestep economic sanctions. BIS Abandons Mbridge Project for Potential BRICS Sanctions-Evading Applications The Bank for International Settlements (BIS) has finally decided to abandon its participation in …
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Bitcoin Technical Analysis: BTC Bulls Make Another Attempt at Price Peak
Following a recent boost in bitcoin prices driven by the U.S. jobs report, BTC/USD traded at $71,447 on Nov. 1, 2024, showing encouraging resilience around support zones despite recent price fluctuations. Bitcoin In late October, bitcoin climbed to $73,600 before experiencing a pullback that brought prices below $70,000. Today, the price has seemingly stabilized above …
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October Sees Lower NFT Sales Volume With Few Collections Standing Out
After a downtrodden September, non-fungible token (NFT) sales dropped further in October, totaling $361 million—a 36% decrease. NFT Sales Fall 36% in October, Totaling $361 Million NFT sales in October didn’t quite bounce back, showing a 36% decline after September’s 47.9% dip. The month saw around $361.5 million in sales, with Ethereum NFTs holding the …
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‘Calm Before the Storm’: Trader Predicts Bullish Bitcoin Move, Says Pullback No Cause for Concern – Here’s Why
A widely followed crypto analyst believes that Bitcoin (BTC) is gearing up for a breakout despite dipping into the $69,000 range earlier this week. Pseudonymous crypto trader Kaleo tells his 655,200 followers on the social media platform X that Bitcoin may be repeating a similar 2020 pattern and is still on track to print new …