Legal fees skyrocket in high-profile crypto bankruptcies
High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis.
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Korean superconductor LK99 joins memecoin craze
The world's supposed first room-temperature ambient pressure superconductor already has a memecoin. 84 Total views 1 Total shares Last month, a team of South Korean scientists claimed they engineered a superconducting material, dubbed LK-99, that works under ambient temperature and pressure. In layman's terms, the team allegedly created a material allowing electrical currents to flow…

$12K Bitcoin Price in Sight as Retail, Institutional Traders Turn ‘Greedy’
Bitcoin price is consolidating into a tighter range as traders prepare for a third attempt on the $12K level. After recovering 6.3% from a drop to $11,200 on Aug. 11, Bitcoin (BTC) price appears to be gearing up for a third run on the $12K mark. This comes after a week of bullish news which included…

Crypto Biz: As crypto booms, recession looms
America’s pro-crypto policy shift has become a bipartisan commitment as Democrats and Republicans look to secure the US dollar’s influence as a global reserve currency. According to US Representative and California Democrat Ro Khanna, at least 70 of his fellow party members now understand the importance of stablecoin regulation. According to Khanna, Americans can expect

Deutsche Bank Institutional Trader Joins Japanese Crypto Startup
A former Deutsche Bank trader has joined Japanese crypto exchange-startup FXcoin Ltd., Bloomberg reports September 3.According to the announcement, Yasuo Matsuda, an institutional trader from Deutsche Bank, will join FXcoin as a senior crypto strategist starting in September 2018. The strategist position includes providing analysis of crypto markets and daily reports on the market’s activity.The…

Warren’s alleged work with short-seller shows anti-crypto army heating up
What do progressive Democrats, Republican national security hawks and Wall Street traders have in common? They are all apparently enlisting in United States Senator Elizabeth Warren’s “anti-crypto army.” The progressive senator’s reported alliance with Marc Cohodes, a Wall Street short-seller who profited from the recent carnage at crypto banks, is the latest example. Crypto natives likely…

‘Miss Bitcoin’ launches celebrity NFT art charity project
Mai Fujimoto's Kizuna crypto donation platform is partnering with blockchain gaming platform Enjin to sell tokenized celebrity artwork. Early crypto evangelist, Mai Fujimoto, a.k.a. Miss Bitcoin, has partnered with blockchain gaming ecosystem Enjin to launch Japan’s first nonfungible token, or NFT, charity project.According to a Jan. 18 blog post, the project’s first initiative will be…

Heads of Bitmain, Binance and Other Crypto-Related Businessmen Among China’s Richest
The rise of blockchain technology and cryptocurrencies have made many people rich, but the world’s smartest entrepreneurs in the space are beginning to make waves among the world’s richest conventional business minds.The Hurun Research Institute released its annual China Rich List on October 10. Included in this list of 1,893 individuals are 14 people who…

Canada to develop repository for storing crypto and NFT seizures
The Royal Canadian Mounted Police is seeking a digital asset solution to facilitate the seizure and storage of cryptocurrency and nonfungible tokens. 110 Total views 10 Total shares The Royal Canadian Mounted Police (RCMP) is seeking for a digital asset solution to facilitate the seizure and storage of cryptocurrency and nonfungible tokens (NFTs). A tender…