Martin Shkreli must give up copies of one-off Wu-Tang album, says judge
Martin Shkreli had to forfeit a one-of-a-kind Wu-Tang Clan album in 2018 — now a judge ordered him to surrender any digital copies until a court case is finalized.
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El Salvador’s Bitcoin adoption an ‘interesting experiment,’ says BIS exec
El Salvador’s move to make Bitcoin legal tender in the country continues to elicit reactions from legacy finance gatekeepers — this time, from the Bank for International Settlements. 6265 Total views 7 Total shares Benoît Cœuré, Bitcoin (BTC) critic and the head of the innovation hub at the Bank of International Settlements, called El Salvador’s…
Tech talent migrates to Web3 as large companies face layoffs
As inflation continues to grow, coupled with a looming recession, many tech firms are having to cut portions of their staff. To put this in perspective, data from Layoffs.fyi found that over 700 tech startups have experienced layoffs this year, impacting at least 93,519 employees globally. It has also been reported that tech giants like…
Fuel for a broader Bitcoin rally? BTC dip fills futures gap, liquidating $1 billion
An important Chicago Mercantile Exchange (CME) Bitcoin (BTC) futures gap closed as BTC/USD suddenly dropped below $54,000 on Feb. 22. A CME gap forms when the price of Bitcoin moves either up or down after the CME closes during the weekend or holidays in the U.S. Unlike most cryptocurrency exchanges, since the CME Bitcoin futures exchange is…
DoJ Backs Trump’s Challenge to Section 230 and Social Media Platform Neutrality
The US’s top legal authority is looking to dismantle online protections for content publishers following Trump’s spat with Twitter weeks ago. 823 Total views 12 Total shares On June 17, the United States Department of Justice issued new recommendations to roll back decades-old protections for online platforms publishing third-party content.Section 230 and internet censorshipSection 230…
SEC opens to comments on whether to approve VanEck Bitcoin ETF
The filing came before the commission's June 17 deadline to approve or disapprove of the Bitcoin ETF following an extension in April. 697 Total views 2 Total shares The U.S. Securities and Exchange Commission has issued an order allowing the public to comment on the proposed rule change surrounding the Bitcoin exchange-traded fund from asset…
Price analysis 3/25: BTC, ETH, BNB, XRP, ADA, LUNA, SOL, AVAX, DOT, DOGE
This week Bitcoin (BTC) and select altcoins broke above their immediate resistance levels and moved higher, which propelled the total crypto market capitalization above $2 trillion on March 24.One of the triggers that could have driven crypto prices higher was BlackRock CEO Larry Fink’s letter to shareholders where he said that the Russia-Ukraine conflict has…
Bitwise bullish on pure Bitcoin ETF after dropping futures filing
Bitwise's CIO explained why the firm has decided to drop its Bitcoin futures ETF and focus on the spot Bitcoin ETF. 1263 Total views 20 Total shares Bitwise Asset Management has withdrawn its application for a Bitcoin (BTC) futures-based exchange-traded fund (ETF) amid a number of such products launching in the United States.While dropping its…
What is institutional DeFi and how can banks benefit?
Financial services institutions and banks have increasingly engaged with Web3 since 2020. This is also true within institutional decentralized finance (DeFi), as several potential use cases have emerged that could trigger a new wave of innovation within these organizations. Institutional DeFi does not refer to growing institutional investments in DeFi protocols and decentralized applications (DApps) but…