The United States Commodities Futures Trading Commission can serve members of the Ooki decentralized autonomous organization, or DAO, with summons through online communications, according to a federal judge. In an Oct. 3 order granting a CFTC motion, U.S. district judge William Orrick said the commission could provide a copy of its summons and complaint through Ooki DAO’s help chat box…
According to a new study published by the Basel Committee on Banking Supervision, a supranational organization responsible for setting standards on bank capital, liquidity, and funding, 19 out of 182 global banks supervised by the committee reported ownership of digital assets. Combined, their total exposure to crypto is estimated to be €9.4 billion. In context, this represents 0.14% of the…
The first Africa Bitcoin Conference (ABC) is set for December 5-7 at the Kempinski Hotel in Accra, Ghana, per a press release sent to Bitcoin Magazine. Bitcoiners, entrepreneurs, educators, advocates, thought-leaders and industry professionals from Africa and across the world are gathering the adoption and use of bitcoin in Africa and across the world. The event will feature keynote addresses,…
According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 2022. Following the bankruptcy court’s final bid deadline, a sale hearing is scheduled for November 1. A report published last week noted that Sam Bankman-Fried, the CEO and…
The Bitcoin hash rate hit a new all-time high above 245 EH/s on Oct. 3, but at the same time, BTC miner profitability is near the lowest levels on record. With prices in the low $20,000 range and the estimated network wide cost of production at $12,140, glassnode analysis suggests “that miners are somewhat on the cusp of acute income…
In brief Horizon, the Web3 startup behind NFT game Skyweaver, just raised a $40 million Series A funding round. Video game publishers Ubisoft and Take-Two Interactive are among the notable backers. Major video game publishers Ubisoft and Take-Two Interactive are digging deeper into the NFT gaming space with today’s announcement of a $40 million Series A round raised by Horizon,…
Plan ₿ Foundation has on boarded multiple businesses in Lugano, Switzerland to accept bitcoin payments. The foundation expects to service over 2,500 customers by the end of the year. Plan ₿ partnered with GoCrypto to provide the infrastructure enabling bitcoin payments across the city. Plan ₿ Foundation, an organization dedicated to furthering bitcoin and stablecoin adoption, just onboarded the City…
Dogecoin jumped over 8% on Tuesday after news broke that Elon Musk may finally be acquiescing to purchasing Twitter on the deal’s original terms. Musk’s attorneys sent a letter late last night to Twitter, according to Bloomberg, proposing to buy the social media company for his original offer price of $54.20 per share. Within minutes of the news breaking, DOGE…
According to reports, Tesla’s Elon Musk now plans to purchase Twitter Inc. for the original asking price of $54.20 a share. Twitter’s shares surged following the news and climbed nearly 20% higher and trading was halted twice so far. Report Claims Tesla’s Elon Musk Will Purchase Twitter at the Original Asking Price It seems Elon Musk is planning to follow…
On Tuesday, the multinational financial services corporation Mastercard revealed that it is launching a new crypto monitoring product called Crypto Secure. The Crypto Secure software aims to leverage artificial intelligence (AI) algorithms in order to help banks and crypto-centric debit card issuers identify fraudulent crypto transactions. Mastercard, Ciphertrace Introduce New Crypto Monitoring Product Called Crypto Secure Mastercard (NYSE: MA) has…
