Sun, March 9

Indian Citizen Sentenced for $20M Crypto Spoofing Scheme

Chirag Tomar, a 31-year-old Indian Citizen, was sentenced today to 60 months in prison for his role in a cryptocurrency spoofing scheme that defrauded victims of more than $20 million. U.S. District Judge Kenneth D. Bell issued the sentence in Charlotte, North Carolina. Tomar’s scheme involved hundreds of victims worldwide,

October 18, 2024 2 mins read

Former FTX Executive Nishad Singh Seeks to Avoid Jail Time

Nishad Singh, a former executive at the FTX cryptocurrency exchange, is making a plea to avoid prison time as he prepares for his sentencing on October 30. Singh’s legal team has described him as an “uncommonly selfless individual” in their recent filing, which includes over 100 letters of support from

October 17, 2024 2 mins read

Trump’s WLFI Token Secures Just 4% of $300 Million Sale Goal

World Liberty Financial (WLFI), a new DeFi project backed by Donald Trump and his family, launched its token presale yesterday. Despite aiming to raise $300 million by offering 20 billion tokens, the project has only managed to raise about $12.72 million so far, selling around 848.06 million tokens, equivalent to

October 17, 2024 2 mins read

Robinhood Debuts Bitcoin and Stock Futures Through Its New Platform

The fintech company Robinhood, democratized finance with commission-free trades has launched its desktop platform. The firm further introduced futures and index options trading on its mobile app, on Wednesday at HOOD Summit 2024. The firm aims to compete with the traditional brokerages.  Robinhood CEO Vlad Tenev reveals that the first

October 17, 2024 1 min read

RWA Tokenization Market Anticipated to Surge 50x By 2030

The real-world asset (RWA) tokenization sector is expected to grow remarkably, with estimates predicting an increase of up to 50 times by 2030. A recent report by Tren Finance indicates that the market size could soar from its current valuation of approximately $185 billion to between $4 trillion and $30

October 16, 2024 2 mins read

John Deaton and Elizabeth Warren Clash in Senate Over Crypto Regulations

John Deaton and Elizabeth Warren engaged in a Senate debate on cryptocurrency regulations, showing clear differences in their views. Deaton, a crypto advocate, argued for a balanced approach. He warned that over-regulation could stop innovation in the sector. He pointed to Bitcoin and XRP as examples of crypto’s ability to

October 16, 2024 3 mins read

Metaplanet Rolls Up Bitcoin Put Options Netting 5.90 BTC in Profit

Japanese investment firm Metaplanet has increased its Bitcoin put options, adjusting the strike price to $66K from $62K. The maturity date is set for December 27, 2024. Simon Gerovich, CEO of Metaplanet, announced that this move is expected to boost Metaplanet’s option sale yield and generate an additional premium income

October 16, 2024 2 mins read

Trump Leads Harris in Betting Odds for 2024 Presidential Election

Former U.S. President Donald Trump has surged ahead in betting odds for the upcoming presidential election, holding a 16% lead over Democratic candidate Kamala Harris on the decentralized prediction market platform, Polymarket. As of Tuesday night, Trump’s odds of winning stood at 57.9%, while Harris’ chances were at 41.8%. This

October 16, 2024 2 mins read

Coinbase Files for Summary Judgment Against SEC Over Three-Year Delay

The leading crypto exchangeCoinbase is taking a bold step against the U.S. Securities and Exchange Commission (SEC) by filing for partial summary judgment in an ongoing legal battle. This move follows the SEC’s denial of Coinbase’s requests for information regarding its cryptocurrency classification, particularly concerning whether assets like Ethereum (ETH)

October 16, 2024 1 min read

NiceHash Launches First Exclusive Firmware for Kaspa Miners, Boosting ASIC Performance

Bitcoin hashing power marketplace NiceHash recently announced the release of the first firmware created exclusively for Kaspa network mining. Up to 20% more ASIC performance may be achieved with its specialized Kaspa software. Kaspa’s low energy usage, strong decentralization, and enormous scalability are all intended to promote fair mining. The

October 16, 2024 2 mins read