Crypto Biz: Crypto fever hits wealth managers
This week’s Crypto Biz explores the launch of new crypto ETFs, CleanSpark’s acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more.
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Memecoin Shiba Inu unveils plans to launch DAO
Shiba Inu’s marketing head has shared plans for a DAO that will allow SHIB holders to have a say in the future direction of the memecoin project.
Bitcoin Miner Canaan’s Shares Plunge 40% Since IPO in November
Chinese Bitcoin (BTC) mining giant Canaan Creative’s depositary shares have seen a 40 percent drop in value since November initial public offering (IPO).Canaan was the first Bitcoin mining giant to go public on a major United States stock exchange, and successfully navigate an IPO. However, the mining giant’s stock has taken a severe beating since…
US gov files complaints to seize assets from North Korean hackers
According to PeckShieldAlert, losses from crypto hacks and exploits accounted for over $120 million in losses during September 2024.
Federal agencies are missing the mark on celebrity crypto endorsements
It's time for a review exploring whether the rules that federal agencies impose on crypto-related speech pass constitutional muster.
Crypto community welcomes Ethereum zkSync testnet
The platform plans to scale up with a framework that allows for rapid growth without sacrificing the security and decentralization of Ethereum. 110 Total views 2 Total shares zkSync, a provider of zero-knowledge blockchain solutions, has announced the successful deployment of its Rollup protocol on the Ethereum (ETH) testnet. The deployment is seen as a positive…
3 reasons why a Bitcoin ETF approval will be a game changer for BTC price
Some financial experts believe that the price of cryptocurrencies is solely driven by investors' speculation, and in the past few years detractors have suggested that fixed income instruments like treasury bills have no relation to do with digital assets. This point of view is fairly accurate because, at this time, most investors from the asset…
Diem team members raise $200M to launch blockchain derived from it
“Since departing Meta (formerly Facebook) we have been able to put our ideas into motion, ditch bureaucratic red tape, and build an entirely new network,” Aptos stated. 292 Total views 26 Total shares Former Meta employees and key players behind the firm’s defunc stablecoin project Diem have raised $200 million to expand a new project…
No crypto plans for X: Elon Musk debunks scam token claims
Elon Musk addressed the issue of scam tokens falsely claiming connections to the social media platform. 523 Total views 2 Total shares Elon Musk has stated that his social media platform X (formerly Twitter) has no plans to launch crypto tokens in response to a post regarding questionable X and Twitter-based digital currencies on Saturday,…