Ross Ulbricht's odds of being pardoned by Trump rise to 79% on Kalshi
“Immense gratitude to everyone who voted for President Trump on my behalf,” the Silk Road founder wrote in a November 2024 X post.
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Fed’s dovish move will slash $625M in interest income for stablecoins
CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.
Hedge fund that shorted GameStop closes as $1.13B GME stock offer completes
One of the hedge funds badly burned in the infamous GME social media driven short squeeze is closing down, while GameStop itself has just completed its $1.13 billion equity offering. According the Financial Times, London-based White Square Capital operated by Florian Kronawitter has closed its main fund and will return capital to investors. White Square…
Fetch.ai and Iota announce new data-sharing IOT partnership
“The fundamental goal of this collaboration is to enable granular control over data and to reduce the reliance on centralized systems that take advantage of data,” said Humayun Sheikh, CEO of Fetch.ai. 4174 Total views 7 Total shares Artificial intelligence research lab Fetch.ai has partnered with blockchain network Iota to enable a “controlled data sharing…
Bitcoin analysis warns BTC price risks 2023 rerun when stocks shed 10%
Bitcoin bulls may be in for a grim reminder of how the start of Q4 can be difficult for BTC price bullishness.
FTX lawyers to reap millions from the bankruptcy case: Report
FTX’s legal team from Sullivan & Cromwell has 150 people on the bankruptcy case, with thirty partners reportedly charging more than $2,000 per hour. 352 Total views 4 Total shares Own this piece of history Collect this article as an NFTAccording to a new report, the controversial law firm Sullivan & Cromwell is on track…
US authorities to intensify scrutiny of crypto industry in 2023
The SEC, FASB, and IRS are working to tighten crypto regulations and expand industry oversight. 197 Total views 1 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTFourteen years after Bitcoin's Genesis block launched a profound disruption in financial services and other industries through the rise of blockchain technology, United States authorities…
New York Financial Regulator Greenlights 10 Tokens for Custody
The regulator responsible for issuing licenses to crypto firms in NY greenlisted 8 coins for trading, including all 3 Paxos tokens. The New York State Department of Financial Services has issued a greenlist of 8 virtual currencies for sale and trade, and 10 coins approved for custody by licensed entities.According to a Aug. 3 update…
DAO aims to raise $5M to resurrect Blockbuster Video
The BlockbusterDAO wants to raise at least $5 million to buy the iconic video rental brand from Dish Network and turn it into a streaming film studio. 211 Total views 6 Total shares A new decentralized autonomous organization (DAO) has been formed with the goal of buying the Blockbuster brand from Dish Network and turning…