Grayscale’s victory over the US SEC marks a milestone event which can open up the gates of approval for the spot Bitcoin ETF. On Tuesday, August 29, Bitcoin and the broader crypto market registered a strong recovery with the BTC price shooting more than 7%. As of press time, Bitcoin …
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Impact Theory Will pay a total of $6.1 million and will discontinue the selling of Founders’ Keys, which the SEC calls as unregistered securities in the form of NFTs. On Monday, August 28, the US Securities and Exchange Commission (SEC) charged Los Angeles-based media and entertainment company Impact Theory over …
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Oman disclosed a partnership of $300 million with Abu Dhabi’s Phoenix Group to establish a 150-megawatt crypto mining facility in collaboration with Green Data City. This month in August, the Sultanate of Oman announced some multi-million investments in its crypto mining operations in its recent attempt to embrace digital assets. …
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SBF’s defense team argued that their client would need a laptop with access to internet to review the long pile of documents produced during the discovery. Lawyers representing Sam Bankman-Fried have been demanding his “temporary release” or a relief of five days a week release in order to prepare for …
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The exchange has also inquired about the market makers’ information and their willingness to allocate up to 5% of their circulating tokens to Binance’s saving pools, in exchange of earning interest. The world’s largest crypto exchange Binance is making some unconventional moves in order to boost the trading activity on …
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The Bitcoin price has once again retraced back to $26,000 after some recovery pump earlier this week. On the technical chart, BTC continues to show bearish momentum with its price dropping under the 200-day moving average (DMA). In a sharp-worded attack, BitMEX co-founder Arthur Hayes said that “risk assets of …
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All eyes are on the Fed’s Jackson Hole meeting ahead this week as Fed Chair Jerome Powell is likely to announce interest rate hikes. On Wednesday, August 23, Bitcoin and the broader crypto market staged a recovery with the BTC price shooting past $26,500. Yesterday’s bounce back could be a …
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The US Treasury Department noted that even after Tornado Cash founders knew that the Lazarus Group was using the crypto mixer to launder funds, they continued offering hem the services. American regulators are cracking down hard on popular crypto mixer Tornado Cash. On Wednesday, August 23, the US Department of …
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The Cresto brother created a false perception of success for their clients and portrayed their flashy lifestyle. Trouble started when Amazon started suspending the client accounts for policy violations. The Federal Trade Commission (FTC) has recently cracked down on two individuals – John and Roman Cresto – who falsely positioned …
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Some of the popular NBA players like Grayson Allen have enrolled on Friend.tech driving the popularity of the platform higher. Within two weeks of its launch, Friend.tech has created a massive buzz in the crypto space amassing more than 100,000 addresses since its launch on August 10. Friend.tech is a …
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China keeping the fiver-year loan rates unchanged has put breaks on the five weeks rally in the US Dollar. Investors now wait for the Federal Reserve’s Jackson Hole symposium for any further guidance. On Monday, August 21, China announced its decision to cut the one-year benchmark lending rates with authorities …
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Despite challenging market conditions, BitGo secures massive funding as it successfully navigates through the uncertainties in crypto regulations. On Wednesday, August 16, crypto custodian BitGo announced its plans to raise $100 million at a staggering valuation of $1.75 billion. The company said that it will use these funds for strategic …
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