A class-action lawsuit against Binance US, has been revived by an appeals court in the US. The lawsuit, which had been partly reinstated after being dismissed earlier, claims that the price of the HEX token was manipulated. A class action lawsuit against Binance US was largely reversed by the United
August 13, 2024 2 mins read
After the market crash on August 5, institutional investors poured capital back into cryptocurrency funds, and Ethereum exchange-traded products were their first pick. For the week ending August 11, crypto asset investment products saw inflows totaling $176 million, according to the Digital Asset Funds Weekly Report issued on August 12
August 13, 2024 1 min read
io.net and NetMind.AI have formed a strategic alliance, which is an exciting step aimed at improving Artificial Intelligence (AI) and machine learning (ML) capabilities. By combining their expertise, the two businesses will be better equipped to provide robust, cost-effective AI solutions that benefit end users on both sides. The recent collaboration between
August 12, 2024 1 min read
Pitchbook data shows that the overall number of deals fell in Q2 compared to Q1. But crypto entrepreneurs still managed to obtain a little more venture capital investment than in Q1. According to a report from Pitchbook published on August 9th, total invested money increased by 2.5%, totaling $2.7B. But
August 12, 2024 1 min read
According to blockchain data tracker Whale Alert, Binance, a prominent cryptocurrency exchange, received a large transfer of Solana. A tweet from Whale Alert states that Binance received 154,912 SOL, with a value of $23,928,285. However, the wallet’s identity remains unidentified. When they plan to sell or trade their assets, whales—large
August 11, 2024 1 min read
On Wednesday, August 14, the US Labor Department is slated to announce the Consumer Price Index (CPI) for July, which is anticipated to show a significant increase in inflation. Because of this, many are wondering whether the US Federal Reserve will be able to implement its plans to decrease interest
August 11, 2024 2 mins read
Azarus, a streaming overlay platform, has reported that its Evo Tournament campaign saw record levels of engagement. Setting new standards for user engagement, Azarus collaborated with Twitch to run interactive overlays throughout the AT&T-sponsored event. The world’s top esports players and spectators came together for the Evolution Championship Series (Evo), which took
August 8, 2024 1 min read
A further loan of 1 billion Japanese Yen was secured earlier today by the publicly-listed Japanese corporation Metaplanet, further solidifying its Bitcoin acquisition strategy. The announcement of the $68 million stock rights offering for the purchase of BTC came the day before this action. Raising an extra 1 billion Japanese
August 8, 2024 2 mins read
Following stretches of selling, Cathie Wood of Ark Invest has increased her stock purchases of Coinbase (COIN) and Robinhood (HOOD). As investors pay more attention to market fluctuations, the asset manager keeps changing its holdings. Following the prior slump caused by macroeconomic issues, the cryptocurrency market has regained momentum. In
August 7, 2024 1 min read
Net outflows of $148.5 million were recorded by U.S. spot bitcoin exchange-traded funds on Tuesday, continuing their bearish outlook. With $64.48 million, Fidelity’s FBTC was the most heavily-affected bitcoin fund yesterday, according to statistics from SoSoValue. The converted GBTC fund run by Grayscale had withdrawals of $32.18 million, while the
August 7, 2024 1 min read