Advertisements Filings show he has over $1 million in Ether. Donald Trump holds between $1 million -$5 million in Ether (ETH), and has significant income from non-fungible tokens (NFT) licensing fees, according to election disclosures While the filings list a non-specific amount of Ether, Arkham Intelligence lists the holdings of Trump’s wallet at $3.6 million.Continue reading “Donald Trump Holds Over $1M in Ether, Also Receives NFT Licensing Fees”
Category Archives: Finance
Binance Completes Registration With India’s Financial Intelligence Unit Months After Being Fined
Advertisements The registration was provisionally approved in May, subject to the crypto exchange paying a fine of about $2.2 million. Binance, the world’s largest cryptocurrency exchange, completed registration with India’s Financial Intelligence Unit (FIU-IND) just months after it was fined $2.2 million for providing services in the country without authorization. The registration, Binance’s 19th worldwide,Continue reading “Binance Completes Registration With India’s Financial Intelligence Unit Months After Being Fined”
BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC
Advertisements Critics of Sun’s involvement don’t understand the operational mechanics, the crypto custodian’s CEO, Mike Belshe, said during an X Space discussion. BitGo CEO Mike Belshe took the opportunity of an online discussion to reiterate the safety of the bitcoin (BTC) that underpins its wBTC (WBTC), a token that allows the largest cryptocurrency by marketContinue reading “BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC”
Australia’s Securities Regulator Sues ASX for Misleading Statements About Blockchain Project
Advertisements ASIC sued on Tuesday and has not yet determined what penalty it will be seeking, but the Australian Financial Review (AFR) reported that ASX faces a maximum penalty of more than A$500 million. Australia’s Securities and Investment Commission (ASIC) has sued the country’s largest market operator, ASX Limited, for allegedly making misleading statements aboutContinue reading “Australia’s Securities Regulator Sues ASX for Misleading Statements About Blockchain Project”
Bitcoin Miner Capitulation and Record High Hashrate Point to Possible Price Bottom: CryptoQuant
Advertisements Such expansion comes despite a recent drop in bitcoin (BTC) prices, indicating positive sentiment among miners after a bout of selling in the past few months. Bitcoin (BTC) miners are expanding their capacity again as network hashrate reached a fresh all-time high this week following a capitulation event, on-chain analysis firm CryptoQuant shared inContinue reading “Bitcoin Miner Capitulation and Record High Hashrate Point to Possible Price Bottom: CryptoQuant”
Bitcoin’s Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Level in 18 Months
Advertisements The dwindling metric points to declining selling pressure in the bitcoin market. Bitcoin (BTC) has quickly recovered to nearly $60,000 after a debacle last week that saw prices drop below $50,000 at one point. The recovery may have legs, as the “exchange stablecoins ratio,” which measures the number of BTC held in wallets tiedContinue reading “Bitcoin’s Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Level in 18 Months”
Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg
Advertisements Earlier, in June 2023, the liquidators sought $1.3 billion from the founders of 3AC, Su Zhu and Kyle Davies. Defunct cryptocurrency hedge fund Three Arrows Capital’s (3AC) liquidators have sued Terraform Labs for $1.3 billion, for losses the fund suffered after the 2022 crash, Bloomberg reported on Monday. In June 2023, the liquidators soughtContinue reading “Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg”
Tether to Fight Celsius’ $3.3 Billion ‘Shakedown’ Litigation
Advertisements On Friday, Celsius asked a U.S. court to order Tether to relinquish a total of 57,428.64 bitcoin. Tether, the company behind USDT, the world’s largest stablecoin by market capitalization, said it will defend itself against what it called “shakedown” litigation brought by bankrupt crypto lender Celsius. On Friday, Celsius asked the U.S. Bankruptcy CourtContinue reading “Tether to Fight Celsius’ $3.3 Billion ‘Shakedown’ Litigation”
Canto Blockchain Suffers Two-Day Outage Amid Consensus Issue
Advertisements The Canto team said a fix will be deployed on Monday at 12:00 UTC. Layer-1 blockchain Canto has been offline since Saturday following a “consensus issue.” The CANTO token initially dropped by 21%, before recovering over the course of the weekend. Data from Etherscan shows that three transactions were processed on Aug. 10 andContinue reading “Canto Blockchain Suffers Two-Day Outage Amid Consensus Issue”
MSB Announces 30% Dividend Payout, Offering Significant Returns to Shareholders
As a reputable listed organization, MSB prioritizes effective investor relations to maximize shareholder value
Bitcoin Bulls Revisit $100K Year-End Target as BTC Spikes Over $62K
Advertisements “Regardless of the next 60 days, the bull market will continue along traditional four-year cycle lines with solid gains in October and November,” one trader said. Bitcoin (BTC) briefly spiked over $62,000 before retreating during the Asian morning hours on Friday as the broader market rallied to reverse a steep rout from earlier inContinue reading “Bitcoin Bulls Revisit $100K Year-End Target as BTC Spikes Over $62K”
Coinbase Takes Aim at CFTC’s Definition of ‘Gaming’ in Proposed Prediction Market Rules
Advertisements Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization Proposed rules by the Commodities Futures Trading Commission (CFTC) regarding prediction markets should be withdrawn because they exceed the commission’s statutory authority and ignore the positive impact of prediction markets on the economy,Continue reading “Coinbase Takes Aim at CFTC’s Definition of ‘Gaming’ in Proposed Prediction Market Rules”
Bitcoin Faces Risk From ‘Maxed Out’ U.S. Consumers, Analyst Says
Advertisements U.S. consumers are accumulating debt at a slower rate, data released Wednesday showed. Although the unwinding of the yen carry trade has likely paused since Monday, stabilizing risk assets, including bitcoin (BTC). Still, other risks remain, such as the slower U.S. consumer borrowing, according to 10x Research’s founder Markus Thielen. Total credit outstanding increasedContinue reading “Bitcoin Faces Risk From ‘Maxed Out’ U.S. Consumers, Analyst Says”
XRP Jumps 17%, Beating Bitcoin Gains, as Ripple-SEC Case Ends
Advertisements Trading volumes nearly tripled and open interest on XRP-tracked futures jumped $200 million in the past 24 hours. XRP surged 17% to lead market-wide gains as the long-running case between the closely related Ripples Labs and the U.S. Securities and Exchange Commission (SEC) reached a milestone settlement. Crypto traders widely expected a settlement throughoutContinue reading “XRP Jumps 17%, Beating Bitcoin Gains, as Ripple-SEC Case Ends”
Bank of Japan Maintains Interest Rates Amid Market Uncertainty
Advertisements Deputy Governor Shinichi Uchida made this announcement during a meeting with business leaders in Hokkaido province. He emphasized that the BOJ will not increase interest rates amid financial market instability. This decision caused the Yen to depreciate against the USD and took financial markets by surprise. Uchida reiterated the BOJ’s commitment to monetary easing,Continue reading “Bank of Japan Maintains Interest Rates Amid Market Uncertainty”