The attorney general of the District of Columbia has sued Microstrategy’s co-founder and executive chairman, Michael Saylor, for tax fraud. The lawsuit also names Microstrategy as a defendant “alleging that it conspired to help him evade taxes he legally owes.” Both Saylor and Microstrategy denied the allegations. The attorney general is seeking more than $100 million in unpaid taxes and…
The funding rates for Bitcoin and Ethereum, the leading cryptocurrencies by market cap, remain negative for derivative traders, suggesting a potential short-term bull signal. The Federal Reserve’s recent interest rate hikes and plans for future tightening of policy have placed increased pressure on markets across the globe. This past Friday, Federal Reserve Chairman Jerome Powell reiterated his intent to counter…
press release PRESS RELEASE. With the unprecedented global rise of decentralization and emerging technologies like NFTs, blockchain and the metaverse, it makes sense that many companies would want to ensure that they are ready for the seemingly inevitable transition to Web3. As such, ‘The Swappery’ has recently announced its highly-anticipated decentralized exchange (DEX) launch on the Casper Network. The DEX…
Carlyle Group co-founder David Rubenstein acknowledged on Sept. 2 that he has invested personally in a number of crypto companies, and is optimistic about the industry’s path to regulation in the United States. Speaking with CNBC’S Squawk Box on Thursday, the billionaire said he believes that government regulation will be positive for the industry, and that the U.S. Congress will tak a…
The Ethereum Name Service reported its third highest month of revenue in August, with 2.17 ENS domain names created on the service. In a tweet announcing the latest milestone, ENS Domains said it added 2,744 ETH (around $4.3 million) in revenue and 34,000 new Ethereum accounts using at least one ENS name to its books in August. The firm also…
It’s been awaited for half a decade, delayed for years, praised, condemned, tweaked, and so its developers say, perfected. Ready or not, here comes Ethereum’s long-anticipated merge. But, given the technical feat that it is, is there any risk of something going terribly wrong? The merge—Ethereum’s transition from a proof-of-work system to proof of stake—is set to occur between September…
The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, have called for comments on a proposal which would require large advisers to certain hedge funds to report exposure to crypto. In a joint proposed rule published to the Federal Register on Sept. 1, the SEC and CFTC established a 40-day comment period…
From a bearish perspective, there’s a fair probability that the crypto market entered a descending channel (or wedge) on Aug. 15 after it failed to break above the $1.2 trillion total market capitalization resistance. Even if the pattern isn’t yet clearly distinguishable, the last couple of weeks have not been positive. Total crypto market cap, USD billion. Source: TradingView For…
The launch of El Salvador’s bitcoin bonds, issued to finance part of the construction of the Bitcoin City in the country, will be delayed again. In a recent interview Paolo Ardoino, CTO at Bitfinex, the exchange in which these bonds will be offered, stated that the law framework needed for the issuance of these digital securities is still not ready.…
Bankrupt crypto lender Celsius today said in a court filing that it would seek to return some—but not all—of its customers’ funds. The company said it wanted to release nearly $50 million in digital assets belonging to customers who were a part of the “custody” program—accounts that stored crypto but did not generate returns. Celsius said in the filing that…
