FTX CEO John J. Ray III is forging ahead with his efforts to revive the bankrupt cryptocurrency exchange, according to a WSJ report. According to Ray, the company “has begun the process of soliciting interested parties to the reboot of the FTX.com exchange.” People familiar with the discussions also revealed that the failed crypto firm has engaged in preliminary talks…
In this week’s newsletter, read about the German foreign intelligence agency issuing a dog-themed nonfungible token (NFT) treasure hunt and check out the new NFT stamp collection from the autonomous territory of the Faroe Islands. Find out about Hermès latest win in its infringement case against MetaBirkins, and don’t forget this week’s Nifty News, featuring the NFT Web3 card game…
Bitcoin’s relative percentage of the total cryptocurrency market capitalization has hit 58%, its highest level since April 2021, according to a new report from Coin Metrics. With a staggering $590 billion market capitalization, the world’s leading cryptocurrency currently has further pushed back on Ethereum and smaller altcoins. The total market cap for the industry sits at $1.2 trillion according to…
In the latest episode of The Market Report, analyst and writer Marcel Pechman analyzes some data to conclude whether Bitcoin (BTC) will ever trade at $27,000. Some analysts attribute Bitcoin’s recent 21.5% gains to BlackRock’s spot Bitcoin exchange-traded fund (ETF) filing, but other events might have also fueled the cryptocurrency gains. Pechman asserts that, following a period of enforcement actions…
Israel has seized crypto wallets containing millions of dollars intended to fund terror, the country’s National Bureau for Counter Terrorist Financing announced June 28. Israeli Defense Minister Yoav Gallant credited collaboration among the Israeli Defense and Justice Ministries, Israeli intelligence and new technology for the operation, according to local media. Speaking at a conference on June 27, Gallant said the operation…
On June 28th, the Commodity Futures Trading Commission (CFTC) announced that Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York had issued a default judgment that granted a permanent injunction against Michael Ackerman, a resident of Alliance, Ohio. Today a federal court ordered an Ohio man to pay more than $50M for a…
According to a report published by blockchain intelligence firm TRM Labs on June 28, a combined $7.8 billion was paid to cryptocurrency pyramid and Ponzi schemes worldwide in 2022. In addition, another $1.5 billion in crypto was alleged by TRM to have been spent on darknets for illicit activities, while another $3.7 billion in crypto was lost in hacks or…
ARK Investment Management has amended its spot Bitcoin exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC), making it similar to BlackRock’s recent filing. The amendments include a surveillance sharing agreement with the Chicago Mercantile Exchange (CME) futures markets and crypto exchange, most “likely Coinbase”, said Bloomberg’s ETF analyst Eric Balchunas on Twitter. In the race for…
FTX sued former compliance officer Daniel Friedberg, alleging in a civil lawsuit filed Tuesday across several charges that he served as a “fixer” for top management and silenced whistleblowers who threatened to go public about the collapsed exchange’s impropriety. Friedberg served simultaneously as FTX US’s chief compliance officer and general counsel to Alameda Research, a trading firm co-founded by Sam…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Deep down, I know that Candy Crush Saga isn’t a particularly clever or inventive puzzle game—but nearly a decade after first savoring its specific brand of freemium dopamine hit, I still can’t help but get lost in its mindless, color-matching glow from time to time. And now there’s a…
