Kraken restores staking services in US after 2-year hiatus
Kraken was one of the many crypto firms targeted by the Securities and Exchange Commission under former Chair Gary Gensler’s leadership.
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Bithumb ex-chairman could face 8 years prison over alleged $70M fraud
The sentencing hearing is set for Dec. 20 and could see the former chairman of South Korean crypto exchange Bithumb behind bars for a maximum of eight years if found guilty. 308 Total views 9 Total shares The former chairman of the South Korean cryptocurrency exchange Bithumb, Lee Jung-hoon, could face a possible maximum sentence…

CoreWeave strikes $11.9B deal with OpenAI to deliver AI infrastructure
For CoreWeave, the deal may supplement lost income from the contracts Microsoft cancelled. 5790 Total views 2 Total shares CoreWeave announced on March 11 that it had struck a five-year deal worth up to $11.9 billion with OpenAI, the nonprofit research and development company that created ChatGPT. Through the deal, OpenAI will become an investor

Deutsche Bank analysts see Bitcoin recovering to $28K by December
Deutsche Bank analysts forecast a 30% recovery for Bitcoin by December driven by correlation to S&P 500. 352 Total views 4 Total shares Analysts from Deutsche Bank forecast Bitcoin (BTC) rebounding to $28,000 by December 2022 as the cryptocurrency market continues to grapple with gloomy times.Bitcoin and the wider cryptocurrency markets have endured a tough…

EU parliament votes overwhelmingly in support of DAC8 crypto tax reporting rule
The measure received 535 votes for with 57 against and 60 abstentions in a plenary session. 315 Total views 5 Total shares Lawmakers in the European Parliament voted overwhelmingly in support of the eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule, in a plenary session on Sept. 13. Held in

Will Bitcoin Price Finally Conquer $10K? Here Are 3 Things to Consider
Bitcoin (BTC) bulls were celebrating the digital asset’s recent surge above $10,000 for the first time this decade, but the smiles were short-lived as Bitcoin failed to hold above $10K for a meaningful amount of time.Is this another short-lived bull run like the seven times Bitcoin crossed $10K in 2019? Or is this time different?Daily…

World’s Largest Crypto Exchange Binance Announces All Listing Fees Will Be Donated to Charity
The CEO of world’s largest cryptocurrency exchange Binance said he “hoped others would follow” his decision to donate all listing fees to charity after a sudden announcement Monday, October 8.According to the announcement, beginning “immediately” meanwhile, Binance will not only donate all such fees to charitable causes for the “greater good,” but also allow developers…

US District Attorney Seeks to Retain Defendant in Crypto Shadow Banking Case
The United States Attorney for the District of Arizona (DA) is seeking to retain a defendant in custody in a case of alleged shadow banking for cryptocurrency companies. In a court filing released on May 1, the DA states that they are concerned the accused will flee.The filing follows the official announcement published by the…

Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed?
Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small boost, the tech-heavy Nasdaq stock market index is down 24% year-to-date.Investors who keep a close eye on regulatory development were possibly scared…