Ex-FTX exec ‘not worried’ about reporting to prison on Oct. 11
Ryan Salame pleaded guilty to conspiracy to make unlawful political contributions and defraud the Federal Election Commission after FTX’s collapse.
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Crypto tax startup TaxBit raises $130M in funding round, now valued at $1.3B
The company said some of the funds would be used to open new offices in the United States and the United Kingdom. 37 Total views 11 Total shares Already classified as a unicorn startup, United States-based cryptocurrency tax software developer TaxBit now has a valuation of more than $1.3 billion after a recent funding round.According…
Trademark attorney predicts legal fights ahead with Twitter’s rebrand to X
According to Josh Gerben, the social media platform could be embroiled in lawsuits over its 'X' branding for years, costing upwards of millions of dollars. Josh Gerben, a trademark attorney with Gerben Intellectual Property, has suggested the company formerly known as Twitter could spend upwards of $100 million in dealing with litigation as a result…
Ether ETFs start trading, preliminary inflow data revealed
Analyst Eric Balchunas says that initial inflows into the Ethereum ETFs accounted for roughly 50% of Bitcoin ETF inflows on day one.
What Is an STO, Explained
1. What is an STO? STO stands for security token offering. Similar to an initial coin offering (ICO), an investor is issued with a crypto coin or token representing their investment. But unlike an ICO, a security token represents an investment contract into an underlying investment asset, such as stocks, bonds, funds and real estate…
Qtum’s First-Ever Hard Fork Qtum 2.0 Is Now Active
Major Proof-of-Stake (PoS) blockchain Qtum has gone through its first-ever hard fork today, updating the network to Qtum 2.0.Major network upgradeQtum blockchain has had its first hard fork as scheduled, Qtum Official tweeted on Oct. 17.The hard fork happened at block 466,000, upgrading the Qtum network to unlock a number of significant features such as…
Meta launches community-licensed AI coding tool to the public
Meta AI announced the launch of ‘Code Llama,’ a community-licensed artificial intelligence (AI) coding tool built on the Llama2 large language model (LLM), on Aug. 24.The new tool is a fine-tuned version of LLama2 that’s been trained specifically for the purpose of generating and discussing computer code. According to a blog post from Meta, Code…
Bitcoin’s Musk effect: Research shows how Elon moves cryptocurrency prices
The effect of celebrity tweets on the cryptocurrency market has become a topic of study for researchers after a week in which Elon Musk triggered sizable price surges for both Bitcoin (BTC) and Dogecoin (DOGE).Blockchain Research Lab published a paper on Jan. 3 titled, How Elon Musk’s Twitter activity moves cryptocurrency markets. The paper looks…
Bitcoin Price: Bullish Macro Trend Intact — But $6,800 Will Be Key
As the price of Bitcoin (BTC) was retracing from the massive rally four weeks ago, no clear indications were seen on the charts of a potential reversal. Thus, the price started to accelerate downwards to the next support areas, causing the price to drop $1,000 within one day.Crypto market data. Source: Coin360However, is the bear…