BlockFi’s Chapter 11 plan progresses with conditional court approval
Once the bankruptcy plan receives approval, the lender said it intends to concentrate on recovering funds from other defunct firms....
Month: August 2023
Hong Kong debuts retail crypto trading with HashKey exchange
HashKey becomes one of the first licensed exchanges to offer cryptocurrency trading for non-professional investors in Hong Kong. Hong Kong...
Elon Musk tweets and Twitter bot spam influences altcoin prices: Study
The study also questioned whether FTX or Alameda had any role in coordinating Twitter bot activity for its own gain....
Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’
U.S. senators including Elizabeth Warren and Bernie Sanders claimed crypto tax evaders are siphoning off billions from the government. A...
MicroStrategy to stay on Bitcoin course even if spot ETFs approved: Saylor
Michael Saylor compared his firm to a “sportscar” whereas a spot ETF will be like a “supertanker” when it came...
AI boom to beat electricity and PCs, $200B investment by 2025: Goldman Sachs
Economists from Goldman Sachs predict that AI investment could account for up to 4% of GDP in the United States...
Australian financial regulator sues eToro over ‘volatile’ trading products
The Australian Securities and Investments Commission alleged eToro users with no understanding of CFD product risks could still buy them...
KPMG touts ESG benefits from Bitcoin, counters misperceptions in new report
The report compares Bitcoin energy usage to that of clothes dryers (equal) and its emissions to those of manure (much...
Robinhood turns profitable in Q2, but crypto revenue declines
Robinhood achieved profitability for the first time since becoming a public company in the second quarter of 2023. Its crypto...
Curve emergency DAO terminates rewards for hack-related pools
The Curve emergency DAO removed CRV rewards for alETH, msETH, pETH, crvCRVETH, Arbitrum Tricrypto, and multiBTC pools. The Curve Finance...
Protocol to identify ‘systemically important’ blockchain banks could help prevent a market crash: Study
After the collapse of Terra, the digital assets sector needed a way to identify critical nodes in the global DeFi...
AAVE price takes double-digit hit, but strong fundamentals point to eventual recovery
AAVE price may have been impacted by this week’s Curve Finance scandal, but a robust insurance fund and steady fee...
Subscribers on X (formerly Twitter) can hide their blue check marks now
Twitter Help warns that other users may still be able to tell if they're a subscriber. X users who subscribe...
What is Metcalfe’s Law, and why does it matter?
Metcalfe’s Law suggests that the more people who use a cryptocurrency, the more valuable and useful it becomes. Does Metcalfe’s...
MIT Digital Currency Initiative introduces at-scale, programmable CBDC platform
PARSEC (Parallelized Architecture for Scalably Executing Smart Contracts) runs on the ERC-20 standard, so it could have other applications too....
