Nvidia crypto sales case could see flood of ‘frivolous’ lawsuits — Advocate body
Crypto advocates The Digital Chamber has backed Nvidia in a Supreme Court fight with investors, saying the court’s decision could affect the entire crypto industry.
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Crypto Could Represent New Asset Class in Next Decade, Says BitMEX CEO
Bitcoin (BTC) has the potential to become a new asset class in the next ten years, CEO of major crypto derivatives platform BitMEX claimed on the podcast Unchained Dec. 16.Arthur Hayes, CEO and co-founder of BitMEX, the largest crypto exchange by reported daily trade volumes, spoke with host Laura Shin and a group of other…
China-based regulatory and trade associations target NFTs in latest risk notice
“We solemnly call on consumers to [...] be vigilant and stay away from NFT-related illegal financial activities,” said the associations. 230 Total views 27 Total shares The China Banking Association, the China Internet Finance Association and the Securities Association of China issued a joint statement warning the public about the “hidden risks” of investing in…
Grayscale considers VeChain and Iota as Coinbase lists 4 low-cap coins
Grayscale, the world’s largest crypto asset manager, has added 25 coins to the list of assets it is considering adding to its investment products including VeChain, Iota, Monero and Axie Infinity.Other assets are consideration are: Algorand (ALGO), Arweave (AR), Bancor (BNT), BitTorrent (BTT), BORA (BORA), Convex (CVX), Cosmos (ATOM), Decred (DCR), Elrond (EGLD), Enjin (ENJ),…
How Traditional Financial Instruments Are Breaking Out in the World of Crypto
The crypto market has been brutalizing of late – but many traders don’t realize that there is a plethora of financial instruments out there. Each offer investors a new way to back crypto, without relying on the highs and lows of cryptocurrency prices in an erratic and volatile market.But what are these alternatives – and…
Shaquille O’Neal claims process servers ‘tossed’ FTX legal papers at his moving car
The NBA star appeared in a June 2022 commercial saying he was “all in” on FTX, one of many endorsements that led to a class-action lawsuit following the exchange's collapse. 80 Total views 1 Total shares Lawyers for NBA star Shaquille O’Neal, who previously endorsed the now-bankrupt crypto exchange FTX, have claimed two process servers…
What Crash? Bitcoin Hash Rate Doubles in 24 Hours Despite Price Drop
Bitcoin (BTC) has already dispelled myths its hash rate suffered a 40% drop this week, reaching new all-time highs just days afterwards.What hash crash?As data from monitoring resource Coin Dance confirms, after the hash rate metric dipped from 104 quintillion hashes per second (h/s) to 57 on Sept. 23, it immediately reversed.On Sept. 24, it…
New York State issues guidance for banks seeking to engage in activities with crypto
The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ applications; some licensed banks may have to play catchup. 891 Total views 2 Total shares Own this piece of crypto history Collect this article as NFTThe New York state Department of Financial Services (DFS) released guidance on Dec. 15 for…
Libra Project: Facebook Stablecoin Aims to Conquer Online Payments Market, Reports Suggest
Facebook’s potential expansion into crypto has been widely discussed in the past few months. Although the social media giant has not confirmed anything beyond having a blockchain department, new details about its digital token project continue to surface.Most recently, the Wall Street Journal (WSJ) reported that Facebook is talking to major payment networks Visa and…