Downfall
In a groundbreaking move for the cryptocurrency market, investment firms VanEck and Bitwise are making significant strides towards the launch of their Bitcoin Exchange Traded Funds (ETFs). Recent filings with the Securities and Exchange Commission (SEC) revealed that VanEck and Bitwise have seeded their Bitcoin ETFs with $72.5 million
Downfall
Introduction In a recent escalation of tensions in the Middle East, oil prices have witnessed a sharp rise following Iran's decision to dispatch a warship to the Red Sea. This move comes on the heels of a U.S. Navy operation against Iran-backed Houthi rebels, underscoring the fragile
Cryptonews
In a significant move, the debtors of the defunct cryptocurrency exchange FTX have submitted an amended Chapter 11 plan of reorganization. This plan proposes that customer asset claims should be valued retroactively to November 11, 2022, the date of the exchange’s collapse. The plan aims to use a conversion
Cryptonews
Exciting Expansion for Global Crypto Ecosystem Summary: Coinbase International Exchange announces the launch of non-US spot markets, a significant move aimed at catering to the unique needs of its global user base. This marks a pivotal step in Coinbase's strategic mission to provide international access to trusted crypto
Cryptonews
Introduction * Overview of the Bitcoin crash * Immediate impact on the market Detailed Analysis of the Crash * Time and extent of the Bitcoin price drop * Impact on other cryptocurrencies * Liquidation data and its implications Market Context and 2023 Overview * Bitcoin's performance in 2023 * Comparison with previous trends Factors Influencing
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Introduction * Brief overview of the incident involving KyberSwap. * Introduction of the hacker's demands. Background on KyberSwap * Description of KyberSwap as a platform. * Its role and significance in the cryptocurrency market. Details of the Hack * Timeline of the hack. * Technical details of how the hack was carried out (if
Downfall
In the rapidly evolving realm of digital finance, two narratives have captured the industry's attention: the growth trajectory of Binance, one of the world's leading cryptocurrency exchanges, and the intriguing tale of the LHV Bank founder who, despite being an early supporter of Ethereum, lost access
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In a significant development in the financial technology sector, PayPal Holdings Inc. has disclosed that it received a subpoena from the U.S. Securities and Exchange Commission (SEC) regarding its activities related to a potential stablecoin, possibly dubbed "PYUSD." This investigation by the SEC represents an increasing regulatory
Cryptonews
In a remarkable stride forward, the investment powerhouse BlackRock has engaged in profound discussions with some of the world’s foremost trading entities – Jane Street, Virtu Financial, Jump Trading, and Hudson River Trading. These prestigious firms have declared their readiness to back BlackRock’s groundbreaking spot Bitcoin Exchange-Traded Fund (ETF)
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The digital landscape has been hit with staggering cyber losses, pushing businesses, investors, and policymakers to rethink their security strategies. New data released by cybersecurity experts at Beosin, a leading cybersecurity firm, reveals a worrying trend: cyberattacks on the Web3 industry caused an eye-watering loss of $889.26 million in
Cryptonews
Just recently, Dropbox has announced its decision to discontinue its unlimited storage policy on the Dropbox Advanced plan. The decision came after the company noticed a surge in users exploiting the service for cryptocurrency mining purposes and for reselling the storage space to other users. The unlimited storage offering had
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Britain's King Charles has signed into law the Financial Services and Markets Act. The country will now classify digital assets and stablcoins as regulated financial activities.