Adam Moskowitz and David Boies, who are representing FTX creditors in a class action lawsuit, have made great strides in their quest for justice on behalf of those impacted by the crypto exchange’s demise. They are requesting the seizure of assets associated with the troubled FTX founder, Sam Bankman-Fried (SBF).
June 16, 2024 2 mins read
According to CoinGlass, the futures trading volume for Cardano (ADA) surged by 29% in the past day, surpassing half a billion dollars. The surge in value shows that ADA perpetual futures trading is becoming more popular than the spot market. Trading volume for Cardano on exchanges reached $466 million, increasing
June 14, 2024 1 min read
The Michael Saylor-led MicroStrategy is re-increasing its wagers on the crypto industry in the hopes of expanding its Bitcoin holdings. The company just announced that it would be issuing convertible senior notes with a face value of $500 million. Importantly, MicroStrategy has said that it plans to purchase further Bitcoin
June 13, 2024 2 mins read
U.S. Federal Reserve officials have decided to maintain the current range of 5.25% to 5.50% for the benchmark federal funds rate. This decision and the updated predictions that follow it indicate that there will be very little rate decreases in the near future. Inflation has fallen somewhat, but Federal Reserve
June 13, 2024 1 min read
Crypto service providers in Zimbabwe and across the world are being sought out by the Zimbabwean government as they work on cryptocurrency sector regulations. A Zimbabwean government committee has been formed to collect data from cryptocurrency companies providing services in the country with comments due by June 26, according to
June 12, 2024 2 mins read
Tether, the firm behind USDT stablecoin, has made news all over the world once again for its strategic investment projects, this time by announcing its intentions to enter the artificial intelligence and biotech sector. A post from June 11th states that Tether Holdings Inc., the stablecoin giant’s investment arm, plans
June 12, 2024 1 min read
June 10, 2024, saw major trading activity at Ark Invest, headed by Cathie Wood, including a large sell-off of Robinhood Markets Inc. (HOOD). Regardless of the cryptocurrency exchange’s purchase of Bitstamp, the company has persisted in selling off Robinhood shares. In addition, after Ark Invest’s sale of more than $7.5
June 11, 2024 1 min read
Following what seems to be the theft of $22 million in a cyberattack, UK-based crypto exchange Lykke has decided to cease its trading services. The security precautions put in place by crypto exchanges are called into question by this upheaval in the crypto sector. After the well-known web investigator SomaXBT
June 11, 2024 1 min read
As far as the Cardano ecosystem is concerned, its founder Charles Hoskinson expects a big event to take place around June. According to Hoskinson’s June 9 X announcement, Cardano Node is expected to reach version 9.0 this month, and the Chang fork is coming soon. This signifies that 70% of
June 10, 2024 2 mins read
The BRICS nations are moving on with their plan of currency sufficiency scheme by exploring the possibility of creating their own autonomous payment system. Amelia, a crypto aficionado, was the first to notice a research paper claiming that Russian President Vladimir Putin had declared the bloc’s alternative currency plan to
June 8, 2024 1 min read
