Crypto News
Schumer Predicts Crypto Bill Passage in 2024
Senate Majority Leader Chuck Schumer expressed confidence in passing bipartisan crypto regulation before the year's end. Key points: Schumer believes passing crypto legislation in 2024 is "absolutely possible." Multiple Democratic lawmakers voiced support for a balanced regulatory approach. The event aimed to consolidate crypto industry support for Harris's presidential bid. Schumer's optimistic stance on crypto......
MetaMask Teams Up With Mastercard To Launch A Debit Card
MetaMask has announced the launch of their debit card in collaboration with Mastercard and Baanx. According to the details from their press release, this card enables users to spend directly from their MetaMask wallet. Key points: MetaMask launches its debit card. The wallet service provider collaborated with Mastercard and Baanx for the launch. The card......
US Inflation Drops to 2.9%, Below Expectations of 3%
The US economy has slightly recovered from the consistent grip of inflation in July. According to the latest report from the Labor Department, the CPI inflation rate has dropped to 2.9%. Key points: The CPI showed a drop in July, defying economists’ expectations of 3%. This is the lowest it has been since March 2021.......
Goldman Sachs Reveals $418 Million Stake in Bitcoin ETFs
Goldman Sachs has disclosed a $418.65 million investment in U.S. spot Bitcoin exchange-traded funds (ETFs). This revelation was made through the bank's quarterly 13F filing with the Securities and Exchange Commission. Key details of Goldman Sachs' Bitcoin ETF holdings: $238.6 million in BlackRock's iShares Bitcoin Trust (IBIT) $79.5 million in Fidelity's FBTC $56.1 million in......
Canadian Crypto Exchange ezBtc Founder Guilty in $9.5 Million Fraud
Canadian exchange ezBtc and its founder, David Smillie, have been found guilty of defrauding investors of over $9.5 million. The British Columbia Securities Commission (BCSC), a provincial regulator in Canada, brought together a panel to investigate ezBtc's operations. Key points: Approximately 13 million Canadian dollars ($9.5 million) were misappropriated. Over 2,300 Bitcoin and 600 Ethereum were......
Arthur Hayes Predicts $100,000 Bitcoin, Shares Timing for Altseason
Arthur Hayes, the co-founder of BitMEX Exchange, has shared a blog post covering various topics, including Bitcoin's potential trajectory and the future of altcoins. Hayes is known for his provocative market analyses and has outlined a scenario where Bitcoin could reach $100,000. Key points: Predicts Bitcoin will hit $100,000 next. Links crypto market movements to......
Crypto Funds See Modest $176M Inflows, with Ethereum Benefiting the Most
According to the latest report from CoinShares, the crypto sector has seen a modest $176 million inflow of capital after last week's $528 million outflow. Key points: Crypto fund inflow hit $176 million as investors realized the buying opportunity. Ethereum attracted $155 million in inflows last week. Year-to-date inflow hits $862 million. Bitcoin weekly inflows......
Ethereum ICO Participant Moves 48,500 ETH To OKX
An Ethereum ICO participant has begun to move their ETH stash. According to on-chain data shared by EmberCN, the whale participated in the Ethereum ICO in 2015. During the ICO, the whale received 1 million ETH, which was priced at $0.311 per coin. Key points: An Ethereum ICO participant moves 48,500 ETH. The $154 million......
OKX to Close Accounts That Interact with Tornado Cash
Amidst the recent rise in the usage of Tornado Cash by hackers, OKX CEO Star has made an announcement for its users. In one of his recent tweets, Star mentioned that those who interact with sanctioned platforms Garantex and Tornado Cash will face the risk of account closure. Key points: OKX CEO Star warns users......
WhoMadeWho, Da Capo to Headline AFTER 2049, Singapore’s Biggest Pre- Formula 1 Party
TOKEN2049, the world’s largest Web3 and crypto conference, announced a star-studded DJ line-up for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Making their eagerly awaited debut in Singapore, award-winning trio WhoMadeWho will be headlining the event alongside South African DJ and producer Da Capo and returning acts, Hong Kong’s Leon, Milam and Mo-Shi. AFTER 2049 will be......
Coinbase Opposes CFTC’s Proposed Event Contract Restrictions
Coinbase has publicly opposed the Commodity Futures Trading Commission's (CFTC) proposed ban on certain event contracts. The response was written by Coinbase Chief Legal Officer Paul Grewal in a recent letter. Key points: The CFTC's definition of "gaming" is overly broad and inconsistent with legislative intent. The proposed ban could stifle innovation in prediction markets.......
Metaplanet Secures ¥1 Billion Yen Loan To Purchase Bitcoin
Japanese investment firm Metaplanet has taken out a ¥1 billion ($6.8 million) loan to further increase its Bitcoin holdings. Metaplanet's announcement comes two days after the firm disclosed its plan to invest $58 million in Bitcoin via a stock rights offering. Key points of Metaplanet's recent actions: Secured a 1 billion yen ($6.8 million) loan......
XRP Surges 17% After Ripple Is Fined $125 Million in SEC Case
Ripple has been ordered to pay a $125 million fine by a U.S. federal court. This has concluded a prolonged legal struggle with the Securities and Exchange Commission (SEC). This ruling has had a positive impact on the price of XRP, which surged double digits after the announcement. Key points: Judge Analisa Torres imposed a......
Michael Saylor Reveals His BTC Holdings: Says It’s Never a Bad Time to Buy Bitcoin
In a recent Bloomberg interview, Michael Saylor, co-founder and executive chairman of MicroStrategy, spoke about Bitcoin. Saylor addressed the recent market volatility, energy consumption concerns, and his company's investment strategy. Key points: MicroStrategy acquired 169 additional Bitcoin for over $11 million in July. Saylor personally holds over 17,000 Bitcoin. Bitcoin's volatility is described as a......
PlusToken Ponzi-Associated Wallets Move 789,533 Ethereum (ETH)
According to the latest details shared by on-chain analyst Lookonchain, hundreds of wallets associated with PlusToken Ponzi have begun moving 789,533 Ethereum after over 3.3 years of dormancy. Key points: Wallets associated with PlusToken Ponzi are on the move. Hundreds of wallets have come alive after 3.3 years of dormancy. The wallets are moving 789,533......
Ronin Network Exploited for 4,000 Ethereum and 2M USDC; Hackers Respond
Adding to the list of ongoing crypto hacks recently, Ronin Network has reportedly been hacked for 4,000 Ethereum and 2 million USDC. According to the details shared by Ronin, the bridge lost a total of $12 million. Key points: Ronin Network was hacked for 4,000 Ethereum and 2M USDC. ZachXBT calls Ronin a cursed project.......
SEC Pushes Back on Coinbase’s Document Request
The U.S. Securities and Exchange Commission (SEC) has fired back against Coinbase's attempts to access its internal documents. The regulator is requesting the court deny the request by the crypto exchange. Key points: SEC opposes Coinbase's request for "essentially all documents" related to crypto assets. The agency claims Coinbase's demands are "extraordinary" and lack legal precedent.......
Binance Contests $86 Million Tax Notice from India: Report
In one of the latest developments between India and Binance's Tussle, the exchange has reportedly challenged India's tax notice. Key points: Binance received an $86 million tax showcause notice from Indian authorities The notice covers alleged tax evasion from July 2017 to March 2024 Binance reportedly earned over $476 million in transaction fees from Indian......
Crypto Funds See $528M Outflows as Bitcoin and Ethereum Bleed
According to the latest report from CoinShares, the crypto sector has seen a $528 million outflow of capital as the market turned bearish. Key points: Crypto funds saw outflows for the first time in four years. Bitcoin saw outflows totaling $400 million. Ethereum outflows hit $146 million. Major altcoins show double-digit losses as the market cap drops......
TOKEN2049 Singapore Set to Be World’s Largest Web3 Event With 20,000 Attendees And Over 500 Side Events
As the world’s largest and most prominent crypto and blockchain event, TOKEN2049 is set to break all records for its 2024 edition. Taking over Singapore and the entirety of the Marina Bay Sands, TOKEN2049 promises its most immersive festival experience. Speaker highlights include Binance CEO Richard Teng; Solana Founder Anatoly Yakovenko; prolific entrepreneur Balaji Srinivasan;......
