Fox Business producer Eleanor Terrett says that, as she gains more recognition in the crypto community, she is becoming a prime target for social media impersonators. “So, I find myself having to tweet more often, saying, ‘Just a reminder, guys, I don’t have a private profile; I will never reach out to you,’” Terrett tells Magazine. However, she warns that…
Bitcoin is down following the latest U.S. Consumer Price Index (CPI) report on September inflation—and it’s brought the rest of the crypto market with it. The CPI, which measures the rate of price of consumer products, dropped today and showed that prices for goods and services have topped estimates but underlying inflation is slowing. Figures from the Bureau of Labor…
In the evolving digital technology landscape, smart contracts have emerged as a transformative force, redefining how transactions and agreements are made in the digital age. These self-executing contracts, created on the foundation of blockchain platforms, combine the principles of traditional contract law with the efficiency, transparency, and security of decentralized ledger technology. Whether you’re delving into the nuances of blockchain…
Venture capital (VC) funds continue to shy away from crypto, according to new insights from Galaxy Research. With $1.98 invested across 376 deals, numbers like these haven’t been seen since Q4 2020—extending a trend that has been intact for the past 18 months. For example, at the same time last year, more than $6 billion had been deployed across 600…
Singapore-based wallet provider Account Labs today announced a $7.7 million funding round led by investors including Amber Group, MixMarvel DAO Ventures, and Qiming Ventures. The strategic investment comes in tandem with the launch of their consumer-centric application, UniPass Wallet, a self-custody wallet focused on peer-to-peer (P2P) stablecoin transfers. The wallet will also leverage account abstraction to improve its user experience. Sometimes…
Bitcoin (BTC) is clinging to the key $26,800 mark prior to the Oct. 12 Wall Street open as United States inflation data continued to beat expectations. BTC/USD 1-hour chart. Source: TradingView BTC price reacts as CPI surpasses predictions Data from Cointelegraph Markets Pro and TradingView showed BTC price volatility staying muted after two-week lows seen the day prior. These had…
A senior judge in the Columbian district court has reportedly signed multiple orders to clear pending motions in the ongoing lawsuit filed by the United States Securities and Exchange Commission against the crypto exchange Binance ahead of the crucial hearing. Among the key orders, the judge cleared an amicus brief filed by USD Coin (USDC) stablecoin issuer Circle right before…
A new report from the UK House of Commons Culture, Media, and Sport Committee has issued a stark warning against soccer clubs turning to so-called fan tokens. This recommendation stands out in the 30-page report which delves into the intricacies and challenges posed by NFTs in both the arts and sports domains. Fan tokens are cryptocurrencies pitched at providing fan…
A second Chinese court has ruled that crypto lending is an activity outside the protection of the country’s legal system. According to an October 10 press release by the Nanchang People’s Court, in April 2021, an individual known as Mr. Ming lent a total of 80,000 Tether (USDT) to an individual known as Mr. Gang for the purpose of stablecoin…
A New York bankruptcy judge has approved a settlement between bankrupt cryptocurrency firms FTX and Genesis Global Trading (GGC), allowing FTX-affiliated Alameda Research to get $175 million from GGC. The United States Bankruptcy Court for the Southern District of New York gave the green light to the settlement agreement between FTX and GGC’s parent company Genesis Global Holdco in a…
