Aerospace technology firm SpaceX reportedly sold roughly $373 million worth of Bitcoin (BTC) it acquired starting in 2021. According to an Aug. 17 report in the Wall Street Journal, SpaceX recorded $373 million worth of Bitcoin holdings on its balance sheet in 2021 and 2022, but has since sold the crypto asset. The news outlet reportedly viewed documents on the…
Bankrupt crypto exchange FTX has reached a $175 million settlement with collapsed crypto lender Genesis, following a nearly $4 billion claim made on behalf of FTX’s failed sister company, trading firm Alameda Research Documents filed Wednesday show that Genesis has agreed to pay FTX the sum after the debtors in May accused the crypto lending firm of being “one of…
Crypto asset businesses in the United Kingdom will be required to comply with Financial Action Task Force (FATF) Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) rules, known collectively as the Travel Rule, beginning September 1, a statement from the Financial Conduct Authority (FCA) reminded them August 17. This will bring the UK into conformity with FATF standards set in 2019.…
It’s official—Call of Duty: Modern Warfare III is the next game in the storied first-person shooter (FPS) franchise. Publisher Activision announced the game’s release date, supported platforms, campaign content, and more during a livestream Thursday. Didn’t catch the reveal? Here’s what you need to know about the upcoming game. Release details Call of Duty: Modern Warfare III will release on…
Artificial intelligence is rapidly advancing, taking over tasks once solely performed by humans. The latest profession under threat? Therapists and life coaches. Google is currently testing a new AI assistant designed to provide users with personalized life advice on everything from career decisions to relationship troubles. Google’s Deep Mind has partnered with AI training company Scale AI to rigorously evaluate…
Coinbase today announced that it will suspend trading for three popular stablecoins in Canada, shortly after boasting of its full entry into the Canadian market—including trading of the biggest stablecoin in the world, Tether. In an email to customers on Monday, the company said that Tether (USDT), RAI, and DAI do not meet the company’s listing standards, based on its…
$570 million in weekly BTC options expire on Friday, and the recent macro and crypto news events have further tilted the advantage to bearish traders. Source: https://cointelegraph.com/news/bitcoin-price-breaks-below-28k-and-options-tilt-toward-bears
The Federal Reserve Board of the United States and the Washington State Department of Financial Institutions have announced an enforcement action against Farmington State Bank, a financial institution whose parent company received more than $11 million from Alameda Research. In an Aug. 17 announcement, the Fed said the enforcement action was related to Farmington “improperly chang[ing] its business plan” in…
Crypto exchange Coinbase has brought back the much-memed Pixelmon video game character “Kevin” as an NFT collectible in summer attire—both to celebrate the launch of its new Base network and also to provide various benefits to holders. Minting the collectible—which costs $2 or just under $2 worth of Ethereum (0.001 ETH)—on Ethereum scaling network Base gives buyers entry into a…
This week’s episode of Cointelegraph’s Market Talks welcomes Huf, the founder of Pear Protocol, a new decentralized exchange launching on Arbitrum in 2023. Huf worked as an equity derivatives trader for various investment banks for over a decade before entering the decentralized finance industry in 2019. He is often quoted in various news outlets for his views on the markets, which…
