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   Business News    Financial News   Financial News

  Posted by u/ 9 months ago

SBF?s Lawyer Says FTX Founder was the ?Worst? Witness he has Ever Seen, ?Almost Impossible? to Win: Report

A Stanford Law professor who worked on the landmark fraud trial of FTX founder Sam Bankman-Fried said he was the ?worst person? he had ever seen do a cross-examination and called the odds of winning the case ?almost impossible,? according to a new Bloomberg report.

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  Posted by u/ 9 months ago

Japan?s SBI Holdings and Saudi Aramco Explore Joint Digital Asset Ventures

Japanese financial services firm SBI Holdings announced last Thursday that it has signed a memorandum of understanding (MOU) with oil giant Saudi Aramco for potential collaboration on digital asset investing.\r\n\r\nAccording to the document, SBI?s agreement with the state-owned oil giant would...

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  Posted by u/ 9 months ago

Two individuals indicted for $25M AI crypto trading scam: DOJ

Defendants David Gilbert Saffron and Vincent Anthony Mazzotta Jr. allegedly solicited users' deposits for investment and used them for lavish personal expenditures.

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  Posted by u/ 9 months ago

Web3 Companies Create Universal Privacy Alliance To Safeguard Digital Privacy Rights

A coalition of web3 companies have established the ?Universal Privacy Alliance? with the aim of safeguarding digital privacy rights.

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  Posted by u/ 9 months ago

Democratic Presidential Candidate Dean Phillips Says Biden and Trump Don?t ?Understand? Crypto

Representative Dean Phillips, a member of the United States House of Representatives running against Joe Biden for the Democratic nomination in the 2024 presidential election, recently criticized President Joe Biden and former President Donald Trump for their positions on crypto.

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  Posted by u/ 9 months ago

Former U.S. President Donald Trump launches 'MugShot' themed NFT drop

'Never surrender!' the former U.S. President wrote.

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  Posted by u/ 9 months ago

Cambridge Study: Ethereum Consumes 28x Less Energy Than American Express

The world?s second-largest crypto protocol Ethereum network, is reported to consume 28 times less energy than the American Express business, according to a recent report from the University of Cambridge.

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  Posted by u/ 9 months ago

DOJ Charges Two Men For $25 Million Crypto ?Trading Bot? Ponzi Scheme

In another crackdown against crypto criminals, the U.S. Department of Justice (DOJ) has charged two middle-aged men with stealing over $25 million from victims in a so-called ?cryptocurrency Ponzi scheme.?\r\n\r\nCiting court documents, the DOJ accused David Gilbert Saffron of Australia and Vincent...

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  Posted by u/ 9 months ago

How the crypto bull run can impact Web3 gaming beyond play-to-earn

Web3 gaming has remained unfazed by the bear season. But how does the expected bull run impact interest in blockchain-based games?

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  Posted by u/ 9 months ago

Brazilian Unicorn Nubank to Launch Crypto Withdrawals

The Brazilian neobanking unicorn Nubank will begin allowing its customers to make crypto withdrawals from its platform ? following a deal that will let them trade USD Coin (USDC).

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  Posted by u/ 9 months ago

Bitcoin Price Prediction: Market Reacts to FOMC Meeting, El Salvador Bond & Google?s New Ad Policy

In the dynamic world of cryptocurrency, Bitcoin (BTC) is experiencing subtle yet noticeable fluctuations, trading at $41,457 with over 0.50% rise as of Tuesday. Market sentiments are heavily influenced by key economic events and policy changes. As the Federal Open Market Committee (FOMC) meeting approaches...

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  Posted by u/ 9 months ago

Cardano Price Rises as Crypto Market Rebounds While This New Altcoin Bitcoin Minetrix Also Sees Gains

The cryptocurrency market has bounced back in the past 12 hours, with Bitcoin (BTC) regaining the $41,000 level. Cardano (ADA) has also ridden the bullish wave upwards, soaring 13% from

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  Posted by u/ 9 months ago

El Salvador?s Bitcoin ?Volcano Bonds? Receive Regulatory Green Light for 2024 Debut

El Salvador's long-anticipated Volcano Bonds have received regulatory approval, paving the way for a rollout in 2024.

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  Posted by u/ 9 months ago

Bitcoin (BTC) Price Remains Stable as November CPI Numbers Align with Forecasts

BTC's price showed little-to-no volatility after the news went out.

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  Posted by u/ 9 months ago

Coinbase co-founder Fred Ehrsam sells $13 million COIN shares as ARK continues to divest

Major Coinbase shareholders have sold over $14 million of stocks over the past 48 hours.

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  Posted by u/ 9 months ago

Bitcoin Supply on Exchanges at 6-Year Low as BTC Neared $45K Resistance: Bitfinex

The decline in BTC supply on exchange is considered a bullish sign because it shows an increased desire by investors to continue holding their assets.

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  Posted by u/ 9 months ago

?I?m a big fan?: Cantor Fitzgerald CEO praises Tether and Bitcoin

Cantor Fitzgerald has been managing Tether?s now $90 billion Treasury portfolio since late 2021.

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  Posted by u/ 9 months ago

INJ price hits new all-time high: Why is Injective surging?

INJ soars to a new all-time high above $27, up 66% in two weeks and over $1,500% in the past year. What’s driving the Injective price higher? Catalysts include upcoming network upgrade, weekly token burn and Helix DEX activity. The injective (INJ) token is one of the standout performers in the past week, rising more […]

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  Posted by u/ 9 months ago

Bitget lists Base Seamless (SEAM) tokens in its Launchpool

Victoria, Seychelles, December 12th, 2023, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, has announced the listing of SEAM tokens in its staking rewards platform, Launchpool. Seamless is a native, decentralized lending & borrowing protocol on Coinbase-incubated Ethereum Layer 2 network Base. The listing will allow users to gain access to SEAM tokens […]

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  Posted by u/ 9 months ago

BitMart lists zero-knowledge DeFi pioneer Panther Protocol?s $ZKP

Gibraltar, Gibraltar, December 12th, 2023, Chainwire Panther Protocol is excited to announce its $ZKP listing on BitMart, a leading cryptocurrency exchange operating in over 180 countries. This listing is part of Panther Protocol’s ongoing effort focused on strategic partnerships and exchange listings before its V1 Mainnet launch aimed at providing improved accessibility, a variety of […]

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  Posted by u/ 9 months ago

OverProtocol Announces Open Beta Testnet and Community Incentives for Participation

Seoul, South Korea, December 12th, 2023, Chainwire OverProtocol, a Layer 1 blockchain focused on democratizing validation, has exciting plans for the next year, including a mainnet launch in the first half. In October, the project successfully completed a closed beta testnet with 15,000 applicants from 127 countries, of whom 1,300 completed all tests. In preparation […]

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  Posted by u/ 9 months ago

Crypto Analyst Michael Van de Poppe Predicts 30% Rally For Pepe; Illuvium and Meme Moguls Ready To Rally

In a recent post, famous analyst Michael Van de Poppe said he believes Pepe is set to rally soon alongside Meme Moguls and Illuvium. Their current price movements have made them the top crypto to buy. Let’s learn more about them. >> Can You Predict The Next 1000x Meme Coin? Become A Meme Mogul Today << […]

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  Posted by u/ 9 months ago

Meme Coin Sensation: DOGE, BONK, and MGLS Soar to New Heights in December ? Is This Your Ticket to Riches?

The December crypto scene has witnessed an unparalleled surge, primarily driven by the meteoric rise of meme coins. Dogecoin (DOGE), Bonk (BONK), and Meme Moguls (MGLS) have been dominating headlines, sparking a frenzy among traders. However, Meme Moguls stands out as a new ICO many experts foresee potentially rising by 100x in 2024. This article […]

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  Posted by u/ 9 months ago

Starknet allocates 10% of network fees to developers

Starknet to distribute 10% of network fees to developers in ‘Devonomics’ pilot. dApps developers to receive 8% and core developers 2% of $1,600 ETH, or $3.5 million. Starknet recently announced an upcoming airdrop. Starknet Foundation and StarkWare, the developer of layer-2 Ethereum platform Starknet, has announced a pilot program that will incentivise developers via a […]

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  Posted by u/ 9 months ago

Pi Network to launch decentralised moderation feature on Fireside Forum

Pi Network has announced ‘Decentralized Moderation’ on Web3 social platform Fireside Forum. The feature is geared towards incentivising better Web3 social interactions. Fireside Forum was launched in June this year. Pi Network has announced plans for the launch of a new feature dubbed “Decentralized Moderation” the Web3 social platform Fireside Forum. Fireside Forum’s decentralised moderation […]

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  Posted by u/ 9 months ago

Did you miss Pepe and Bonk? Memeinator (MMTR) could be next

Bitcoin price has done well this year as it jumped by more than 166% from its lowest point in December 2022. Other big tokens like Solana, Avalanche, and Immutable have done even better as they rose by over 200%. However, meme coins like Pepe and Bonk have been the best-performing players in the crypto industry. […]

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  Posted by u/ 9 months ago

Buy the dip, sell the rip? BTC price levels to watch as Bitcoin taps $42K

Bitcoin preserves $40,000 as support and bounces higher as traders eye the impact of ?institutional sized? moves on BTC price.

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  Posted by u/ 9 months ago

?Take some rest and GO? ? Bitcoin price copies 2020 bull run fractal

Bitcoin is nowhere near done with its bull market, should a chart fractal from several years ago continue to play out.

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  Posted by u/ 9 months ago

Deepfake K-Pop porn, woke Grok, ?OpenAI has a problem,? Fetch.AI: AI Eye

AI Eye: 98% of deepfakes are porn ? mostly K-pop stars ? Grok is no edgelord, and Fetch.AI boss says OpenAI needs to ?drastically change.?

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  Posted by u/ 9 months ago

Avalanche (AVAX) posts triple-digit monthly gain as TVL surge points to user growth

Avalanche?s market cap has grown by 340% since October, and AVAX price has followed.

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  Posted by u/ 9 months ago

Bitcoin derivatives data points to traders' $50K BTC price target

Bitcoin bulls expectations of $50,000 and higher remain feasible according to BTC futures and options markets.

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  Posted by u/ 9 months ago

Bitcoin, Ether Drop Spurs $500M in Liquidations, but BTC Entering 'Never Seen Before' Era

?Due to the rise of Ordinals and Bitcoin L2s, there are reasons to be bullish on the Bitcoin ecosystem. We are entering an era of Bitcoin that we have never seen before,? one market watcher told CoinDesk.

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  Posted by u/ 9 months ago

Cathie Wood's ARK Invest Offloads Nearly $13M Worth of Grayscale Bitcoin Trust Shares

Digital asset manager Grayscale's bitcoin investment vehicle's shares fell 8.6% Monday, reflecting the day's 5.8% drop in bitcoin.

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  Posted by u/ 9 months ago

FTX Disputes IRS's 'Alice in Wonderland' Tax Claim

The U.S. government's claim for $24 billion in unpaid taxes by FTX has only one source ? taking recoveries away from its victims, FTX said in a court filing.

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  Posted by u/ 9 months ago

First Mover Americas: Binance?s Waning Market Share

The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 12, 2023. First Mover is CoinDesk?s daily newsletter that contextualizes the latest actions in the crypto markets.

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  Posted by u/ 9 months ago

U.S. CPI Inflation Trended Lower in November, Rising 3.1% From a Year Ago

This morning's inflation data

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  Posted by u/ 9 months ago

Coinbase to Bring TradFi Assets On-Chain With New Platform Built on Base Under Abu Dhabi Regulator's Oversight

Coinbase's Project Diamond lets institutions create and trade digital native versions of financial instruments such as debt using Base in a regulated manner.

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  Posted by u/ 9 months ago

BlackRock's Bitcoin ETF Now Invites Participation From Wall Street Banks

A change to the structure of proposed spot bitcoin ETFs would enable authorized participants (APs) to create new shares in the fund with cash, rather than only with cryptocurrency, essentially opening the door to banks who cannot hold crypto directly.

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  Posted by u/ 9 months ago

KuCoin to Pay $22M, Exit New York to Settle State Suit

The exchange will pay $5.3 million to the attorney general's office and refund New York customers $16.77 million.

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  Posted by u/ 9 months ago

Q Protocol to Apply International Court of Arbitration Rules to DeFi Disputes in a Sign of Growing Industry Maturity

Q Protocol, which provides blockchain governance as a service to Web3 and decentralized autonomous organizations, will use the rules laid out by the International Chamber of Commerce (ICC)'s arbitration court to resolve disputes and enforce awards.

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  Posted by u/ 9 months ago

StarkWare Distributing $3.5M Fees to Developers in 'Devonomics' Program

The developer firm, together with the Starknet Foundation, said that the program will benefit "dapp" builders and core developers of the Starknet blockchain.

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  Posted by u/ 9 months ago

Binance P2P Trading Platform Halts Ruble Support Following Russia Exit

Customers are free to withdraw or transfer funds and continue trading with Binance Russia's new owner CommEX, the company said Monday.

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  Posted by u/ 9 months ago

Polygon to Offer Data Solution Celestia as Option for New Layer-2 Developers

The integration means that Celestia will plug into Polygon?s customizable software stack, which is powered by zero-knowledge technology, allowing developers to make use of the data availability solution when launching their own blockchain.

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  Posted by u/ 9 months ago

Celestia, Blockchain Data Solution, Sees TIA Token Surge as Polygon Plan Announced

Celestia's native TIA token jumped to a record high of $12.35 on Tuesday as holders attempt to farm a series of Celestia-based token airdrops.

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  Posted by u/ 9 months ago

A Difficult Truth: The Unspoken Mismatch of Web3 and Generative AI

Generative AI workloads are designed to be computationally intensive, running on highly parallelizable GPUs. What role does that leave for blockchain? Jesus Rodriguez, of IntoTheBlock, explores one possible solution.

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  Posted by u/ 9 months ago

U.S. Presidential Candidates Chat About Crypto, Target Federal Regulators

The three aspiring presidents touched on many of the same pro-crypto points at a Coinbase-linked crypto advocacy event.

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  Posted by u/ 9 months ago

DeFi Platform Conic Finance's CNC Token Surges 50% as the Protocol Plots Comeback After Hack

Conic Finance was hacked in July draining roughly $3.6 million worth of ether from the protocol.

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  Posted by u/ 9 months ago

Warren?s Crypto Bill Is Likely Unconstitutional. It?s Also Unlikely to Pass

Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress.

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  Posted by u/ 9 months ago

Donald Trump Unveils New 'Mugshot' NFTs, Stirring Up Prices for His Previous NFTs

tktk

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  Posted by u/ 9 months ago

Bitcoin Halts at $41K as Traders Eye Fed Rate Decision; AVAX Flips Dogecoin as Altcoins Jump

Bitcoin remained steady around $41,000 after Monday's dramatic flush.

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