State Street, Galaxy launch 3 new crypto ETFs
The funds aim to capitalize on Web3 by tracking a mix of stocks, spot cryptocurrencies, and futures.
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Zilliqa (ZIL) Beats Bitcoin With 950% Gains Since March, What’s Next?
While the price of Bitcoin (BTC) has been consolidating under $10,000, several altcoins have shown tremendous rallies such as Theta Token (THETA) and Zilliqa (ZIL). Zilliqa, in particular, the 40th-ranked cryptocurrency by market capitalization, has seen a surge of 950% since the crash in March, which warrants an analysis of whether ZIL’s monster rally is finished…
US Justice Department to double its crypto team, target ransomware crimes
The National Cryptocurrency Enforcement Team, established in 2021, will be merged with the Computer Crime and Intellectual Property Section. 147 Total views 1 Total shares The United States Department of Justice (DoJ) has said it will double the number of staff on its crypto crime team established in 2021. The unit will add to its…
Bitcoin starts 2022 at $47.2K as fresh research pins performance on China trader exodus
Exchanges deplatforming Chinese citizens prior to the Dec. 31 deadline may have added to BTC selling pressure. 1427 Total views 29 Total shares Bitcoin (BTC) bears lost out at the last minute as 2021 came to an end — and consensus is building around China again being the reason for weakness.BTC/USD 1-hour candle chart (Bitstamp).…
MicroStrategy and Michael Saylor settle tax case for $40M
In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud settlement in the history of the District of Columbia.
HTX to restore services ‘within 24 hours’ after $13.6M hack
"Huobi HTX has now properly handled this attack," the crypto exchange stated. 613 Total views 2 Total shares Crypto exchange HTX, formerly Huobi Global, will resume deposits and withdrawals within 24 hours after suffering a $13.6 million exploit on Nov. 22.According to its official announcement, the exchange promised to "fully compensate for the losses caused
XDEFI Wallet integrates Terra and launches liquidity program
The platform reported 35,000 users to its Chrome extension wallet in the first few weeks following its launch. 604 Total views 27 Total shares XDEFI Wallet, a browser-based service for decentralized finance (DeFi) and nonfungible token (NFT) assets, has officially integrated the layer one blockchain protocol Terra on its platform following a number of weeks…
Many pieces of the Diem puzzle still missing as launch gets delayed
Back in June 2019, social media giant Facebook released the details for a much-talked-about digital currency platform dubbed “Libra.” These days, Libra is known as Diem, with the project undergoing a significant rebranding in a bid to smoothen regulatory wrinkles.A year and a half later, the Diem Association has yet to launch a digital token…
Multichain wallet Exodus posts $12.4M revenue, $1.9M net income in Q2
Multichain wallet Exodus has released its financial results for the second quarter of 2023, disclosing revenue of $12.4 million, a 4% decrease year-over-year. Net income amounted to $1.9 million.According to Exodus, its exchange aggregation business accounted for the majority of total revenue in the quarter, totaling $11.6 million. Fiat onboarding revenue rose 220% from 2022…