The new crypto derivatives product allows investors to speculate on future hashrates and hashprices.
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ZKasino denied it tried to make off with $33 million of investor funds in April and has now opened up a short refund window.
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AI crypto tokens are “quiet now,” bleeding red across the board, but a crypto trader says that won’t last.
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Today’s gamers are going to spend — on average — more than $6,400 on purchases they can’t use outside of the platforms on which they were purchased.
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One of the funds was BlackRock’s Strategic Income Opportunities Fund worth over $37.4 billion.
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The blossoming potential of Bitcoin and Ether exchange-traded funds has been predicted to have an imminent record value growth of $450 billion in the future. According to a new Bernstein analysis, driven by good regulatory news and strong positive sentiment, the two-year inflow of over $100 billion is likely to accrue to crypto ETFs. Bernstein backed up its prediction by the rise in Ether’s price last week, up by 26%, largely due to the recent approval of USSEC Ether spot ETFs. This is, in addition, close to the two-market-instituted 100% Bitcoin, with a cycle peak at $150,000 and a $90,000 terminus for market trust at the end of the year.
The asset classification of Ether as a commodity sets an immense precedence for blockchain assets. The provided regulatory clarity, coupled with the new status of Ether, might be what is needed to greenlight not only other tokens like Solana but also other protocols, thus multiplying the positive ripple effects across the entire crypto spectrum.
The civil lawsuit initially filed by the commission in 2023 ended on May 28, with a judge ordering the SEC to pay attorney and receivership fees.
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Today, in the Southern District of New York, was the first hearing in the US Department of Justice’s (DoJ) case against Samourai Wallet developers Keonne Rodriguez and William Lonergan Hill.
I attended the first hearing for the #Samourai Wallet case earlier today on behalf of @BitcoinMagazine and briefly spoke with one of the defendants, Keonne Rodriguez, after the hearing.Here's a recap of what I learned: pic.twitter.com/QZN4Ape0CZ
— Frank Corva (@frankcorva) May 28, 2024
The two developers were arrested in late April and charged with money laundering and operating an unlicensed money transmitting business.
Only Rodriguez and his attorney, Michael Krause, were present in the courtroom…
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U.S. authorities had requested a judge impose a sentence of five to seven years on the former FTX Digital Markets co-CEO, but one ordered Ryan Salame to spend 90 months in prison.
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Metaplanet Inc., a Tokyo-headquartered Japanese public company, has just announced a, once again, strengthening of its holdings in Bitcoin. The Company’s board of directors has just resolved to inject ¥250 million in Bitcoin, equal to $1.6 million USD at the date of this writing, into its treasury, adding to its growing reserves of the world’s most popular digital asset.
Metaplanet has described in detail its accounting policy for its Bitcoin assets. Bitcoins acquired as a long-term investment are valued at acquisition cost, with no subsequent remeasurement. Bitcoins held for trading purposes are revalued at each reporting date, with any changes in fair value being recognized as an unrealized gain or loss in the non-operating income section, thereby ensuring both transparency and being in line with the market.
This purchase is strategic and is in accordance with an existing trend among companies worldwide that acknowledge Bitcoin as a valid asset. At the beginning of the month, Metaplanet acquired an additional 19.87 BTC for ¥200 million, reconfirming its strategy in integrating the use of cryptocurrency into its financial planning.