Bankrupt Bitcoin miner Rhodium gets court approval for loan in BTC or USD
The company was authorized to choose between receiving a $30 million or a 500 Bitcoin loan from Galaxy Digital.
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Bankman-Fried misguides regulators by directing them away from centralized finance
Last month’s proposal from Sam Bankman-Fried, CEO of crypto exchange FTX, for regulators to establish a litany of standards for the cryptocurrency industry poses an existential threat to decentralized finance (DeFi) platforms and entrepreneurial spirit. As one of a select few with the capital and clout to move the needle in the discussion surrounding crypto…

IDG-Backed Crypto Exchange KuCoin Establishes KuGroup to Expand Services
Despite the ongoing global crisis fueled by intensifying coronavirus fears, Singapore-based cryptocurrency exchange KuCoin takes action to expand its services and restructure business.Backed by major venture capital firm IDG Capital, KuCoin exchange has established KuGroup, a core division of the company that will manage all KuCoin products.KuCoin announces two new appointments alongside company restructuringAccording to…

Ethereum price eyes 35% rally after 6,000 ETH gets burned in one week
Ethereum’s native token, Ether (ETH), looks ready to undergo a massive rally due to a mix of technical and fundamental factors.From a technical perspective, ETH’s price now eyes a 35% rebound by the end of October after holding testing a key support level. This level is a rising trendline that has capped Ether’s downside attempts…

Judge Says Plaintiff Can Proceed Against AT&T in $24M Hack Case
On Feb. 24, a California federal judge ruled that cryptocurrency investor Michael Terpin can proceed with his lawsuit against telecom corporation AT&T over a $24 million SIM hacking incident.Terpin is arguing that an AT&T agent who was bribed by a criminal gang supplied data that allowed the hackers to steal $24 million worth of cryptocurrency…

Listed companies, trusts and ETPs now control almost 7% of the Bitcoin supply
More publicly traded firms added Bitcoin to their treasuries during the first four months of 2021 than during the entirety of last year. But will it continue? 1630 Total views 5 Total shares More than $6.5 billion worth of BTC — or close to 1% of the crypto asset’s entire capitalization — is held by…

Redditors cheer as GameStop assembles team of NFT experts
“Future creators won’t just build games but also the components, characters, and equipment. Blockchains will power the commerce underneath,” Gamestop’s Head of Web3 Gaming job listing reads. 1588 Total views 15 Total shares GameStop (GME) is assembling a team of blockchain and NFT experts to work on the firm’s upcoming NFT platform. The firm’s GME…

Kraken-CertiK saga turns murky as part of exploited funds go ‘missing’
Kraken is planning to take legal action against security firm CertiK as the "white hat" operation by security firm turns into a legal blunder.

Gibraltar is now an observing member of the Global Blockchain Business Council
The British Overseas Territory is making steps towards bringing blockchain adoption into the mainstream. 567 Total views 14 Total shares The Government of Gibraltar has announced its official appointment as an observing member of the Global Blockchain Business Council, or GBBC. It will be working alongside blockchain industry leaders from more than 50 countries.According to…