Miami Heat star, ‘Bitboy’ agree to cough up $340K to settle Binance promo suit
Pro basketballer Jimmy Butler and crypto influencer Ben Armstrong are looking to settle claims in a Binance-related class lawsuit while denying any wrongdoing.
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Grayscale adds Cardano to Digital Large Cap Fund after rebalancing
Cardano (ADA) becomes the third-largest component of the GDLC basket after Bitcoin and Ethereum 645 Total views 16 Total shares In a recent development, Grayscale Investments announced an adjustment to its Grayscale Digital Large Cap Fund (OTCQX: GDLC) to include Cardano (ADA) as the third-largest holding.Reflecting the growing demand for crypto investments, the fund’s portfolio…
Bitcoin hits $25,000 all-time high milestone, surpassing Visa’s market cap
Bitcoin exceeds the market cap of Visa at $460 billion as the price reaches a new all-time high of $25,000. The price of Bitcoin (BTC) surpassed $25,000 on Dec. 25, reaching a new all-time high of $25,020 on Bitstamp and surpassing the market cap of Visa in a historic milestone.Visa, the financial services giant, is valued at…
OKCoin’s Chair Takes Over as CEO, Former Chief Executive Moves Sideways
Major United States cryptocurrency exchange OKCoin has announced that its current chairperson, Hong Fang, is taking over as CEO.Fang is a former Goldman Sachs banker, and early investor in OKCoin. She told Cointelegraph she will continue to be chief operating officer for parent company OK Group, in addition to her new duties as OKCoin CEO.Meanwhile…
Australian senate committee calls for national blockchain land registry
Australia’s senate committee on technology and finance wants lawmakers to establish a national blockchain land registry. 3070 Total views 30 Total shares An Australian senate committee has published a report calling for a blockchain-based national land registry, better clarity over laws relating to smart contracts, and continued efforts to establish international standards for DLT.The Select…
Singapore finance authority grants licenses to Independent Reserve and DBS
DBSV and Independent Reserve previously received MAS’ in-principle approvals to provide digital payment token services. 51 Total views 2 Total shares Singapore’s principal financial regulator, the Monetary Authority of Singapore (MAS), has officially approved two companies to offer cryptocurrency services in the country.MAS issued Oct. 1 licenses to Australian crypto exchange Independent Reserve and DBS…
Bitcoin price volatility spikes as BTC whales sell each new high
Data suggest Bitcoin’s price drops at each new all-time high are the result of “mega whales” selling into liquidity. 1278 Total views 10 Total shares Bitcoin price has re-established the $40,000 level as support but as bull push toward a new all-time high the possibility of another sharp sell-off looms.According to analysts at Material Indicators,…
Watch these 5 cryptocurrencies for a potential price rebound next week
Traders dumped risky assets following the crisis and failure of Silicon Valley Bank (SVB). The S&P 500 Index plunged 4.55% while Bitcoin (BTC) is down about 9% this week. The collapse of SVB led to a crisis in the crypto space with USD Coin (USDC) losing its peg to the U.S. dollar on reports that $3.3…
SEC Set to Begin Fresh Consultation Period on CBOE-VanEck Bitcoin ETF
United States regulator the Securities and Exchange Commission (SEC) says it will shortly commence the countdown period to approval or disapproval of the VanEck/SolidX Bitcoin exchange-traded fund (ETF). The news was announced in an unpublished notice that was filed on Feb. 19.The move is the latest in a series of back-and-forth exchanges between the SEC…