Whales hoarding Bitcoin: Wallets with 100 or more hit 17-month high
Bitcoin whales have been increasingly active lately, gobbling up more crypto as smaller traders feel the pressure and sell their holdings.
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BlackRock SEC filings show company gained $369K from Bitcoin futures
Larry Fink, chief executive officer of BlackRock, said in July that the company was seeing "very little in terms of investor demand" for cryptocurrencies. 1854 Total views 9 Total shares A filing from the United States Securities and Exchange Commission, or SEC, shows that BlackRock Financial Management has increased the number of its Bitcoin futures…
US courts to handle Coinbase Dogecoin sweepstakes disputes
Justice Neil Gorsuch emphasized that arbitration is a matter of contract and parties can agree to have an arbitrator resolve threshold arbitrability questions.
Bitcoin and Ether heading $100K and $5K in 2022: Bloomberg Intelligence
Bitcoin will be likely gaining “upper hand” versus stocks this year, according to Bloomberg Intelligence analyst Mike McGlone. 1665 Total views 25 Total shares Despite cryptocurrency markets dropping to multi-month lows, major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) are likely to hit new all-time highs in 2022, according to a Bloomberg analyst.BTC and ETH…
Notorious crypto figures arrested in 2020
Over the past year, many prominent and colorful crypto personalities have been apprehended and arrested. From the jailing of antivirus pioneer John McAfee to the laying of charges against executives from one of the world’s largest exchanges, 2020 didn’t exactly shake off crypto’s reputation as a honeypot for criminals. Over the first ten months of…
Legal professionals astonished as SBF admits failures, apologizes 12 times in interview
Former FTX CEO Sam Bankman-Fried apologized or admitted failure at least 12 times during his appearance at the New York Times' DealBook Summit on Nov. 30. In a wide-ranging video interview, Bankman-Fried was asked to answer a number of questions surrounding the downfall of the now-defunct exchange, with some even suggesting that some of his statements…
Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
3.022 billion aUSD were previously minted via a liquidity bridge glitch. 77 Total views 3 Total shares According to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin.Acala is a decentralized finance platform built on the Polkadot (DOT) ecosystem. The week…
Kenyan Gov’t to Use Blockchain in New Affordable Housing Project
Kenya’s government plans to deploy blockchain technology to manage a government housing project of 500,000 units, Kenyan news outlet the Star reported Oct. 15.Within the affordable housing program the government of Kenya reportedly aims to build 500,000 units by 2022, and assist contributors earning less than 100,000 Kenyan Shillings ($992) as they cannot afford mortgages.…
EU Can’t Decide What to do with Libra
Governments around the world are facing hard choices when it comes to cryptocurrency: overregulate it and risk losing the benefits to the economy, or do nothing and make themselves vulnerable to those who step up. Currently, the European Union can’t figure out what to do about Libra, the digital currency set to be released by…