FTX debtors recover $14M in political donations
A bankruptcy court filing showed FTX’s debtors reached settlements with political action committees and state-level Democratic parties over political contributions.
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Meta Platforms fined $14 million for Onavo privacy issues: Report
The decision in an Australian court was driven by increasing concerns about illicit activities in the crypto market and the desire to safeguard investors. 67 Total views 1 Total shares An Australian court has reportedly ordered Meta Platforms, the owner of Facebook, to pay fines amounting to 20 million Australian dollars ($14 million) for collecting…
Crypto Exchange ErisX Raises $27.5 Million From Fidelity, Nasdaq Ventures and Others
Crypto exchange ErisX has raised $27.5 million from Fidelity Investments and Nasdaq Ventures, among other investors, Reuters reports Dec. 4Nasdaq is the world’s second largest stock exchange, while U.S. investment firm Fidelity administers over $7.2 trillion in client assets.According to Reuters, ErisX will offer both on spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin…
How does the monetary supply affect cryptocurrencies?
Cointelegraph analyst and writer Marcel Pechman explains how the monetary supply affects cryptocurrencies. 339 Total views 4 Total shares Own this piece of history Collect this article as an NFTThe show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex…
Litecoin Foundation Partners With Glory Kickboxing to Make LTC League’s Official Crypto
The Litecoin Foundation is partnering with premier kickboxing league Glory to become the official cryptocurrency for its online merchandise platform and international events. The news was announced in an official press release from Litecoin on Feb. 26.Glory — which has signed top kickboxing heavyweights including “Dutch Lumberjack” Peter Aerts and Remy Bonjasky, aka “The Flying…
Citi calls out potential risks of crypto-backed mortgages and benefits of metaverse property
"Ultimately, the cryptocurrency may be liquidated if the collateral value falls below a certain threshold, such as 35% of the property value,” said the report. 369 Total views 16 Total shares Investment banking giant Citigroup has released research on how property technology could affect the housing market, mentioning virtual estate in the metaverse and cryptocurrency-backed…
China Enacts Crypto Law in Run-Up to State Digital Currency Debut
China has formally implemented a law governing cryptographic password management as part of its pre-release plans for its central bank digital currency (CBDC).As English-language news media outlet China Money Network reported on Jan. 1, the latest regulations have become legally binding following their unveiling in October last year.Crypto security paves way for CBDCAs Cointelegraph reported,…
New Report Warns 87 Percent of Cryptocurrency Exchange Volume Is Potentially Suspicious
Almost 90 percent of cryptocurrency exchanges’ reported trade volumes may be incorrect, new research from trading analytics platform The Tie warned in a digest released on March 18.Reporting on figures gathered from 97 exchanges, researchers found that the vast majority of the volume claimed to come from users may not in fact exist.The revelations came…
69% users bet metaverse entertainment will reshape social lifestyle: Data
A new survey from CoinWire revealed that the majority of users believe the metaverse will reshape their social life and interactions. 1371 Total views 36 Total shares Own this piece of history Collect this article as an NFTLast year the crypto and Web3 saw a dichotomy between extremely turbulent markets, yet high prospects for the…