Multichain Foundation to pay $2.1M to Fantom for losses
The High Court of Singapore ordered Multichain to compensate the Fantom Foundation after a $210 million hack, awarding $2.18 million in damages.
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US Fed Chair: Facebook’s Libra Carries Both Benefits and Risks
Jerome Powell, the head of the United States Federal Reserve, has said that he recognizes both potential benefits and risks to Facebook’s recently-unveiled Libra cryptocurrency project . Powell made his remarks during a press conference broadcast on PBS news hour on June 19.During the conference, the Fed chair was asked whether he was concerned as…
SEC looks to intercept Grayscale Bitcoin ETF review bid
The SEC is looking to block an appeal from Grayscale Investments after denying its proposed Bitcoin exchange traded fund. 2152 Total views 12 Total shares Own this piece of crypto history Collect this article as NFTThe United States Securities and Exchange Commission (SEC) is taking further steps to stop Grayscale Investments’ efforts to launch a…
3 strategies investors might use to trade the upcoming Ethereum Merge
The Ethereum network’s long-awaited transition from proof-of-work to proof-of-stake is set to occur from Sept 15 to 16 and for the last year, traders and analysts have been discussing various outcomes for the upgrade and possible trading strategies. Let’s take a look at three options investors and traders have. Hodl ETH to earn the expected “hardfork”…
Web3 developer Magic raises $52M in funding led by PayPal Ventures
The company has raised $80 million for wallet development since its inception in 2020. 890 Total views 5 Total shares On May 31, San Francisco-based wallet-as-a-service (WaaS) provider Magic announced that it had successfully raised $52 million in a strategic funding round led by PayPal Ventures. The funding round also saw participation from venture firms…
US lawmaker reports AERO, GRT and VELO investments in 2024
Georgia Representative Mike Collins previously disclosed purchasing up to $65,000 in ETH, but seems to have moved onto altcoin investments.
Crypto pyramid scheme leader extradited to China after global pursuit
As digital currencies continue to gain popularity worldwide, the risk of related economic crimes also increases.
China’s Digital Currency Is Ready, Central Bank Says
The People’s Bank of China (PBoC) has claimed that its digital currency “can now be said to be ready."According to PBoC deputy director Mu Changchun, a prototype that adopts blockchain architecture has been successfully developed after five years of research.His announcement, made at the China Finance 40 Forum, was reported by local news site Shanghai…
Disney launches NFT platform, eye issues at ApeFest and NFT sales rise: Nifty Newsletter
In this week’s newsletter, check out Disney’s plans to release a nonfungible token (NFT) platform by the end of 2023 and find out why NFT sales volumes will likely continue their upward trend in the coming months. Read about China’s stance on NFT theft and why the CEO of Roblox “dreams” of interoperability. In other