A judge in the bankruptcy case of defunct crypto hedge fund Three Arrows Capital (3AC) has denied a motion that would have held co-founder Kyle Davies in contempt of court and imposed sanctions. In an Aug. 11 filing with the United States Bankruptcy Court for the Southern District of New York, Judge Martin Glenn said rulings on motions regarding a…
In a move that can reshape the digital payments landscape, financial technology giant PayPal has unveiled its United States dollar-pegged stablecoin PayPal USD (PYUSD). In line with expectations, the launch has ignited a complex debate within the crypto community. Ethereum’s daily active user base hovers between 300,000 to 400,000, which is a fraction of PayPal’s colossal user base count of…
The San Diego State University team uncovered nearly a million dollars were scammed from victims via the Lists feature on Twitter — now called X. Source: https://cointelegraph.com/news/scientists-used-ai-to-find-and-track-95k-cryptocurrency-free-giveaway-scams-on-twitter-x
Crypto-friendly bank Custodia announced Friday it’s now accepting dollar deposits—and will soon custody Bitcoin—for customers in select U.S. states. The financial institution is now also providing customers with U.S. government money market fund services. What does this mean? “We got our bank regulator’s approval to take customer funds,” Caitlin Long, Custodia’s CEO told Decrypt. She emphasized that “The bar is…
Overwatch 2, the sequel to Blizzard’s 2016 first-person team shooter Overwatch, has finally released on the popular PC game store Steam—and it’s already received nearly 50,000 negative reviews attacking Blizzard with a litany of complaints. The free-to-play core Overwatch 2 game and its four bundle versions—which cost various sums of money and come with additional cosmetics or characters as downloadable…
A consortium of blockchain advocacy groups has joined forces to argue that the Securities and Exchange Commission’s lawsuit against Coinbase is an attempt to “usurp Congress’s authority” and that the judge overseeing it should grant the company’s motion to have the case dismissed. In June, the SEC sued Coinbase for selling and trading securities on its platform, despite never registering…
After today’s Bitcoin ETF decision delay, BTC’s boring price action looks set to carry on through the weekend. Source: https://cointelegraph.com/news/price-analysis-8-11-btc-eth-bnb-xrp-doge-ada-sol-matic-ltc-dot
On this week’s episode of Macro Markets, Cointelegraph analyst and writer Marcel Pechman explores the United States debt downgrade by Fitch Ratings. According to Pechman, this change signaled diminished confidence in the U.S. government’s ability to handle its fiscal responsibilities. The downgrade nudged investors into a cautious stance, leading many to move their money out of assets such as stocks,…
Disgraced crypto mogul Sam Bankman-Fried has been remanded to jail following a bail hearing in New York before U.S. District Judge Lewis Kaplan. Judge Kaplan said in court today that he didn’t believe a gag order—to stop Bankman-Fried from talking to the media—would be sufficient. According to courtroom tweets sent by Matthew Russell Lee, otherwise known as Inner City Press,…
A federal judge has reportedly revoked former FTX CEO Sam Bankman-Fried’s bail following the release of information to New York Times reporters in an alleged attempt to intimidate witnesses. According to reports of individuals present at an Aug. 11 hearing in United States District Court for the Southern District of New York, Judge Lewis Kaplan ordered Bankman-Fried’s bail revoked, suggesting…
