Author: Chris Smith
US Court Denies Kraken’s Motion to Dismiss SEC Lawsuit
Reading Time: < 1 minute The Federal Court for the Northern District of California has rejected a request to dismiss a lawsuit brought by the US Securities and Exchange Commission (SEC) against Kraken.
Market Update August 23
Reading Time: < 1 minute The two biggest players, Bitcoin and Ethereum, have both experienced small increases in value, while the market as a whole has also gone up in terms of overall market cap.
Inflows into Crypto Exchanges Have Decreased This Month: Opinion
Reading Time: < 1 minute The transfer of Bitcoin from the Mt. Gox bankruptcy estate and concerns about a potential US government selloff have both contributed to a decrease in Bitcoin exchange inflows since early August.
Market Update August 22
Reading Time: < 1 minute The cryptocurrency market experienced a modest uptick over the past day, with Bitcoin and Ethereum leading the charge.
Mercado Libre to Release a Stablecoin Backed by the USD
Reading Time: < 1 minute Mercado Pago announced on Wednesday that it will launch a stablecoin in Brazil that is tied to the value of the US dollar.
Market Update August 21
Reading Time: < 1 minute The cryptocurrency market experienced a slight downturn in the past 24 hours, with Bitcoin and Ethereum both recording declines.
Mt. Gox Moves $700M in Bitcoin to New Wallets
Reading Time: < 1 minute Early Wednesday, an address linked to defunct exchange Mt. Gox moved 13,265 BTC, worth $784 million.
Spot Bitcoin ETFs Post Inflow of $88M
Reading Time: < 1 minute United States spot Bitcoin exchange-traded funds (ETFs) have continued to attract positive inflows, with eight out of the past ten trading days showing net inflows.
Market Update August 20
Reading Time: < 1 minute The cryptocurrency market experienced a surge today, with Bitcoin leading the charge. The world’s largest cryptocurrency gained a solid 3.85%, closing in on the $61,000 mark at $60,845.50.
Nigeria Proposes a New Law to Tax Cryptocurrencies
Reading Time: < 1 minute Nigeria’s Federal Inland Revenue Service (FIRS) is set to introduce a tax on the crypto industry. The tax bill is expected to be presented to parliament for approval by September.
Tether Expands USDT to Aptos Network
Reading Time: < 1 minute Tether has announced the expansion of its USDT stablecoin to the Aptos blockchain. This move adds to USDT’s existing presence on networks like Ethereum, Tron, Avalanche, Celo, and Solana.
Market Update August 19
Reading Time: < 1 minute The world of cryptocurrency has been buzzing with activity over the past 24 hours, with major coins like Bitcoin and Ether experiencing interesting price movements.
BlackRock’s ETFs Surpass Grayscale’s
Reading Time: < 1 minute BlackRock’s digital asset exchange-traded funds have overtaken those offered by leading competitor Grayscale in terms of total assets under management.
Market Update August 16
Reading Time: < 1 minute Over the past day, the cryptocurrency market has seen a mixed movement in prices. Most major cryptocurrencies have shown a slight increase in value, while others have experienced a small decline.
Donald Trump Reportedly Holds $1 Million in Ether
Reading Time: < 1 minute According to election disclosures, Donald Trump owns between $1 million and $5 million worth of Ether (ETH) and earns significant income from licensing fees for non-fungible tokens (NFTs).
Dubai Court Says Crypto Salary Payments Are Valid
Reading Time: < 1 minute The Dubai Court of First Instance has ruled that salary payments in crypto are valid under employment contracts.
Market Update August 15
Reading Time: < 1 minute The cryptocurrency market has experienced a slight dip in prices over the past 24 hours.
Spot Bitcoin ETFs Post $81M in Outflows
Reading Time: < 1 minute $81.36 million left US spot Bitcoin exchange-traded funds on Wednesday, ending their two-day streak of positive inflows.
Market Update August 14
Reading Time: < 1 minute Over the past day, the cryptocurrency market has seen some interesting price movements. Bitcoin has experienced a 3.41% increase in its price, reaching $60,945.54.
Hong Kong Court Orders Disclosure of Financial Details of Mantra Chain Operation
Reading Time: < 1 minute The Hong Kong High Court has recently mandated the release of financial information relating to the dispute between Mantra DAO, Inc. and RioDeFi Inc. and four former RioDeFi employees.
Market Update August 13
Reading Time: < 1 minute Bitcoin has increased by 0.85% to reach a price of $58,948.30. This comes after a period of volatility.
Marathon Digital to Purchase Additional Bitcoins
Reading Time: < 1 minute Marathon Digital Holdings plans to privately offer $250 million worth of convertible senior notes to qualified institutional buyers.
SEC Files a Lawsuit Against $650M Crypto Fraud Promoters
Reading Time: < 1 minute The US Securities and Exchange Commission (SEC) has taken legal action against NovaTech, a cryptocurrency company, and its married co-founders, Cynthia and Eddy Petion.
Gemini Asks US Regulators to Not Ban Event Contracts
Reading Time: < 1 minute Gemini is urging US regulators to withdraw a proposed regulation that would ban all event contracts on decentralized prediction markets.
Celsius Files a Lawsuit Against Tether
Reading Time: < 1 minute Celsius has taken legal action against Tether for alleged misappropriation of assets.