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The Clock Ticks for Sam Bankman-Fried: Countdown to a Crypto Mogul’s Day of Reckoning

November 4, 2023 0

A jury has unanimously convicted Sam Bankman-Fried on a slew of charges, encompassing wire fraud, conspiracy to engage in wire fraud, and money laundering among the seven counts. The following is an in-depth look at what will happen between now and Bankman-Fried’s sentencing, which is scheduled

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Crypto Gainers and Losers: This Week’s Market Snapshot

November 4, 2023 0

This week, while bitcoin and ethereum decelerated, they still managed a modest uptick of 2-3% against the U.S. dollar. Meanwhile, a roster of around 50 cryptocurrencies recorded double to triple-digit gains during the same seven-day span. In the race of gains from Saturday, October 28, to Saturday, November 4, 2023, the cryptocurrencies ARK, SNT, and […]

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NBA Star Seeks to Void Property Sale After Learning of Canadian Crypto King’s Past Occupancy

November 4, 2023 0

National Basketball Association player Shai Gilgeous-Alexander is suing owners of the lakefront mansion previously occupied by Canada’s “crypto king.” The basketball player also claimed to have learned of Pleterski’s occupancy of the property after his girlfriend reported the threatening visit to the police. Voiding Sale Agreement Canadian professional basketball star,

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Aave’s GHO Stablecoin Grapples With Dollar Peg Stability: Liquidity Fixes on the Horizon

November 4, 2023 0

The decentralized finance (defi) protocol Aave’s stablecoin asset called GHO has been struggling to keep its peg to the U.S. dollar. While it is coasting along at $0.966 per unit at the time of writing, five days ago it tapped an all-time low at $0.917 per coin. Aave’s Liquidity Committee aims to mitigate the issue […]

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Mismatch Between the Demand and Supply of GPUs Stifling AI Innovation — Tory Green

November 4, 2023 0

The mismatch between the demand and supply of graphics processing units (GPUs) is potentially stifling artificial intelligence (AI) innovation, Tory Green, the COO of the decentralized GPU cloud service provider io.net, has said. According to the COO, this mismatch stems from the fact manufacturers cannot build new supplies quickly enough to match the growth in […]

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HSBC Launches Tokenization Platform for Gold Markets

November 4, 2023 0

HSBC announced the launch of a platform that will allow the tokenization of gold bullion, with a stated potential market reach of $525 billion. Mark Williamson, HSBC’s global head of FX and commodities partnerships and propositions, stated that these gold tokens will be tradable using HSBC’s platform, with the bank handling custody of the gold […]

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Study: Stablecoin Activity the Highest in Q3 of 2023 With Approximately 400K Daily Active Addresses

November 4, 2023 0

By the end of Q3 2023, activity in the stablecoin category as measured by the number of daily active addresses (DAA) stood at over 400,000 — the highest in any category. In the decentralized finance (defi) category — the next highest-ranked category — the number of DAAs at the end of Q3 was just over […]

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Bitcoin Mining Revenue Soared in October, Securing Second-Highest Monthly Earnings of 2023

November 4, 2023 0

In October, the landscape of bitcoin mining revenue brightened, climbing by $131.45 million over September’s figures. Last month’s surge in BTC prices significantly bolstered revenues, although there was a slight dip in the earnings from fees, which saw a $5.44 million decrease from the previous month. October emerged as the runner-up for the year in […]

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Rosfinmonitoring: Crypto Popularity Soars in Russia, 185K Transactions Registered in 2023

November 4, 2023 0

Director of Rosfinmonitoring Yuri Chikhanchin referred to the rise in popularity that crypto is experiencing in Russia in a recent interview, stating that more than 185,000 cryptocurrency transactions were completed during the first nine months of 2023. Chikhanchin also called for regulation in the crypto industry to be introduced as soon as possible due to […]

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Bitcoin Magazine Clashes With Federal Reserve Over Satirical ‘Fednow’ Merchandise

November 3, 2023 0

According to Bitcoin Magazine, a media outlet dedicated to bitcoin news launched in 2012, representatives, including legal counsel, from the U.S. Federal Reserve have expressed concerns regarding the publication’s satirical Fednow merchandise. The Fed’s representatives assert that the parodied items, which bear the name, infringe upon its Fednow image and trademarks.