Bithumb wins another case as it seeks payments from wrongly credited Bitcoin users. In an effort to collect money for wrongly credited Bitcoin from users in February 2018, the Seoul Central District Court ordered one of the defendants to pay back 194 million Korean won, roughly $140,513, according to Digital
The chief research officer of Grayscale Research, Zach Pandl, connected the recent bond repurchases by the US Treasury to increased pressure exerted by the level of government debt. The US Treasury will conduct more open market purchases of long-term notes and bonds prior to their retirement. According to Pandl, the
BlackRock has lowered the minimum amount required for Bitcoin-to-IBIT conversion to $1 million. This is a 96% decrease from the previous threshold of $25 million. The move may open up opportunities for qualified individuals and institutions that wish to participate in the program, but it will not affect regular IBIT
Bitcoin Beach, the El Zonte village that inspired El Salvador’s Bitcoin venture, appears to be seeing fewer everyday Bitcoin transactions. According to WuBlockchain, Bitcoin Core contributor Jon Atack said a local restaurant told him his Bitcoin payment marked its first such transaction in a month. Staff reportedly said customers now
Gemini is offering native XRP Ledger deposits and withdrawals in Singapore, enabling users to transact in XRP via XRPL. Gemini co-founder Tyler Winklevoss disclosed the feature on Monday, describing it as “big news” for the XRP community in Asia. Singapore continues to be a leading financial capital and crypto hub
Bitcoin Reformation by Michael Saylor portrays Bitcoin not merely as an innovative experiment in a currency system based on digital scarcity. Saylor looks at how the system can keep its original ideas intact amid expansion in institutional finance and other areas. The author notes how the culture of Bitcoin formed
The wallets associated with TRUMP pulled out $3.39 million worth of USDC from liquidity pools on Solana amid a strong rally. According to LookOnChain, the wallets are connected to the TRUMP crew and had been engaging in liquidity on Meteora. The wallets were using a one-sided position, which made it
The Upbit platform will be listing a Korean won market for the LIT token from the Lighter project at 1:00 p.m. KST on August 24. The token is currently available for exchange against Bitcoin, which will serve as a basis for pricing. According to Upbit, the LIT/BTC closing price was
This brings Grayscale closer to introducing the first US exchange-traded fund to invest in Zcash directly. The company filed for the fifth amended registration statement with the U.S. Securities and Exchange Commission recently. The plan is to transform the Grayscale Zcash Trust into an investment spot ETF. This new filing
Justin Sun secured a partial procedural victory in his legal battle against World Liberty Financial on August 20. A California federal judge apparently decided to allow Sun’s personal claims to proceed in court. This came after World Liberty had filed a motion to transfer the lawsuit to arbitration and put
