Tron Founder Justin Sun is in the discussion of selling some of the stakes in the crypto exchange Huobi Global. Notably, Justin Sun offered to the U.S. government to buy the seized 41K Bitcoin. He purchased the crypto exchange for $1 billion last year after the entire shareholders and co-founders
Q1 2023 goes down as the period that recorded significant recoveries in the cryptocurrency market. Bitcoin, Ethereum, and other altcoins displayed astounding rallies amid bank runs and Fed’s regulatory crackdown. Out of them all, stablecoins captured the major attention. The USDC brief depegging, due to Silicon Valley Bank (SVB) collapse,
Tron’s Co-founder, Justin Sun, offers a deal to purchase 41,500 BTC which is worth approximately 1.2 billion USD at a 10% discount. The United States government wants to liquidate the bitcoins in a series of four batches this year – forfeited in the Silk Road case. As reported on March
There was a 0.3% rise in U.S. inflation as measured by the Personal Consumption Expenditures (PCE) Price Index in February. This follows a report from the United States Bureau of Economic Analysis (BEA). Market participants had expected a reading closer to 0.4%. Core PCE increased by 4.6% over the last
A cascade of tragic financial disasters in 2022 has altered the future scope of cryptocurrency regulations. The crypto market archived the two colossal crashes – Terra Luna collapse and the FTX collapse – in its history. The aftermaths of these terrible events urged the regulators to investigate and dive into
The United States Commodity Futures Trading Commission (CFTC) has launched a lawsuit against Binance, the biggest cryptocurrency exchange in the world, and its CEO “CZ,” alleging that they have broken regulations pertaining to cryptocurrency trading and derivatives. When combined with the increased attention and crypto governmental crackdowns that followed FTX’s
Stockholders can exchange blocks of 200 shares of common stock into three shares of a $10 liquidation preference, 10% cumulative dividend, non-voting, redeemable, perpetual preferred stock. The $0.15 liquidation preference per common share equivalent of the Series H Preferred Stock represents a 55% increase over the last reported sales price
Germany, Frankfurt, 31st March, 2023, Chainwire BetFury has announced Fury Games Legacy, a 21-day adventure for intrepid players. From March 29, users of the online casino can play games and join exciting activities with magical crypto rewards. Participants in Fury Games Legacy have an opportunity to share in the $1
Built 110 MW of mining infrastructure, with another 50 MW targeted in Q2 2023. Exited 2022 with 18,000 deployed miners with 2.0 EH/s of hash rate capacity. Self-mined 524 Bitcoin in 2022 and 810 Bitcoin since inception through February 2023. Expects to nearly triple hash rate to 5.5 EH/s and
In a recent tweet, US Senator Elizabeth Warren has again shown her anti-crypto position. Warren hasn’t been shy about how much she despises the crypto sector. She said that the FTX exchange’s demise should serve as a wake-up call for the US Department of Justice, the Securities and Exchange Commission,
