WonderFi CEO Dean Skurka reportedly said in an email that he is “safe” now and that no company funds and data were impacted.
Yearly archives: 2024
Asian crypto traders profit from Trump’s win, China’s 2025 CBDC deadline: Asia Express
Asian investors trade overnight to catch the Trump-fueled Bitcoin surge, China accelerates digital yuan push: Asia Express
Whale Loses $74,980,000 in One Trade Trying to Short Bitcoin (BTC) on Election Day: Lookonchain
A trader attempting to short Bitcoin (BTC) is reportedly now suffering tens of millions of dollars in losses after the flagship crypto asset soared on Election Day. Blockchain tracking firm Lookonchain says one crypto whale suffered a $74,980,000 liquidation as US presidential vote tallies began to break toward pro-crypto candidate Donald Trump. Bitcoin hit new …
Bitcoin’s Parabolic Trend to Six-Figure Price Very Much in Play, Says Kevin Svenson – Here Are His Targets
A widely followed crypto analyst says that a Bitcoin (BTC) rally to a six-figure price tag is still in the cards. In a new strategy session, crypto trader Kevin Svenson tells his 80,200 YouTube subscribers that a parabolic trend to six figures for the top crypto asset by market cap after its post-election boom is …
Rekt Raises $1.5M Seed Round Backed by Angels and Community, Following Sell-Out Success of Rekt Drinks
November 7, 2024 – Wilmington, Delaware Rekt Brands Inc. (Rekt) – the parent company behind the Rektguy NFT project, Rekt Drinks and the Rekt brand intellectual property – is excited to announce the completion of a $1.5 million seed funding round. Funded exclusively by angel investors and the community – without institutional venture capital – …
US Big Four Bank Citi and Fidelity International Unveil Proof of Concept of an On-Chain Money Market Fund
American investment bank Citi and asset manager Fidelity have teamed up to develop a blockchain-based investment fund that can power real-time settlements. In a statement, Citi and Fidelity International introduce the proof-of-concept of an on-chain money market fund (MMF) with digital foreign exchange (FX) swap that can execute programmable multi-asset transactions on-chain, which is not …
JPMorgan Chase Forecasts ‘Additional Upside’ for Bitcoin, Crypto and Gold As Trump Retakes White House: Report
JPMorgan Chase says the incoming Trump administration could boost both Bitcoin (BTC) and gold. In a note to clients, the US bank says that if Republicans gain control of the House in addition to the Senate, a weaker dollar is likely as stimulus is poured into the system, reports Barron’s. This, combined with potential further …
NFT Marketplace OpenSea Announces New Re-Build of Platform ‘From the Ground Up’
Leading non-fungible token (NFT) marketplace OpenSea says it is about to launch a major overhaul of its platform. In a post on social media platform X, OpenSea co-founder and CEO Devin Finzer says he has been working to rebuild the world’s largest NFT marketplace. “We’ve been quietly cooking at @opensea. To really innovate, sometimes you …
Continue reading “NFT Marketplace OpenSea Announces New Re-Build of Platform ‘From the Ground Up’”
Kraken lawyer slams SEC legal strategy, draws parallels to Ripple case misstep
Kraken’s legal team, led by attorney Michael O’Connor, has criticized the US Securities and Exchange Commission (SEC) for its latest attempt to dismiss critical defenses raised by the exchange in their ongoing legal battle. On Nov. 6, O’Connor shared a statement on X, condemning the SEC’s approach as an attempt to “avoid discovery” into what …
Continue reading “Kraken lawyer slams SEC legal strategy, draws parallels to Ripple case misstep”
Staking could lower fees and boost interest in Ethereum ETFs, analyst claims
Staking could significantly boost the flow of investments into US-traded Ethereum exchange-traded funds (ETFs), according to Tom Wan, a former crypto analyst with 21.co. On Nov. 7, Wan pointed out that staking could help the funds reduce management fees, increase the overall amount of Ethereum staked, and provide more substantial incentives for investors. Wan noted …
Continue reading “Staking could lower fees and boost interest in Ethereum ETFs, analyst claims”
Coinbase premium hits seven-month peak as Bitcoin sees renewed US demand
Insights Bitcoin Coinbase premium surge signals increasing US institutional interest post-Trump victory. Bitcoin’s “Coinbase Premium,” a key indicator of demand for the leading digital asset in the US, surged to its highest level in seven months following Donald Trump’s recent election victory. On Nov. 6, data chain analytics firm CryptoQuant shows that the premium turned …
Continue reading “Coinbase premium hits seven-month peak as Bitcoin sees renewed US demand”
US Bitcoin National Defense Policy promotes ‘Mutually Assured Preservation’ – Lowery
US Space Force Major and author of “Softwar,” Jason Lowery, calls on the United States to reassess Bitcoin’s role with a US Bitcoin National Defense policy proposal. He contends that Bitcoin represents a strategic tool for national defense by using physical power to secure cyberspace, emphasizing its significance beyond a mere financial asset. Lowery shared …
Ethereum Foundation launches Mekong Testnet ahead of Pectra upgrade
The Ethereum Foundation has introduced the Mekong Testnet, a short-term testing environment designed to allow developers to explore new features from the upcoming Pectra upgrade before its mainnet release. In a blog post on Nov. 7, the Foundation said the Mekong Testnet incorporates all Ethereum Improvement Proposals (EIPs) intended for Pectra. These proposals focus on …
Continue reading “Ethereum Foundation launches Mekong Testnet ahead of Pectra upgrade”
Wintermute proposes fee switch for fair revenue sharing in Ethena protocol
The Ethena community is currently reviewing a proposal from crypto market maker Wintermute to activate a fee switch within the protocol. In the Nov. 6 proposal, Wintermute highlighted the lack of clarity regarding the revenue distribution for Ethena’s ENA token. The market maker noted that no clear framework exists explaining how ENA holders might benefit …
Continue reading “Wintermute proposes fee switch for fair revenue sharing in Ethena protocol”
Alameda Boss Caroline Ellison Reports to Federal Prison for Role in FTX Scandal
Caroline Ellison, former chief executive of Alameda Research and a pivotal witness in the case against FTX founder Sam Bankman-Fried, has reported to a low-security federal prison in Connecticut following her two-year sentence, according to a CNBC report. Reporter MacKenzie Sigalos and Dawn Giel wrote that Ellison, who cooperated extensively with federal prosecutors, was instrumental …
Continue reading “Alameda Boss Caroline Ellison Reports to Federal Prison for Role in FTX Scandal”