A new crypto-lending platform dubbed Tokenet says it will service what it expects to be an influx of institutional clients following the potential United States approval of spot Bitcoin (BTC) exchange traded fund (ETF). The platform was launched by a team of executives who previously headed financial services firm Cantor Fitzgerald who since joined a new brokerage firm called Digital…
The U.S. Federal Trade Commission waded deeper into the churning waters around AI on Tuesday, turning the spotlight on comments it submitted to the U.S. Copyright Office that encompass the agency’s concerns that artificial intelligence could accelerate the proliferation of illegal schemes and scams online. “Although AI-based technology development is moving swiftly, the FTC has decades of experience applying its…
The Justice Department is claiming that it’s “critical” for it to have the power to seize cryptocurrency from Americans — even if a judge never signs off. Source: https://cointelegraph.com/public/index.php/news/expect-new-irs-crypto-surveillance-come-with-surge-confiscation
Wintermute founder and CEO Evgeny Gaevoy says the NEAR Foundation reneged on an offer to convert $11 million worth of its stablecoin. Source: https://cointelegraph.com/public/index.php/news/wintermute-says-near-protocol-reneged-usn-deal
Bitcoin (BTC) mining heavyweights Marathon Digital and Riot Platforms are among the most overvalued crypto mining companies relative to their competitors, says MinerMetrics founder and analyst Jaran Mellerud. The key metric backing Mellerud’s claim is enterprise value-to-sales ratio — measuring a company’s value to its sales revenue. The higher the ratio, the more overvalued a company is. The miners with…
Bitcoin Ordinals transaction volume surged to its highest levels since May on Tuesday, as about $14.7 million worth of the Bitcoin-based assets traded hands, as of this writing, according to a Dune dashboard created by the pseudonymous on-chain data analyst Domo. Launched earlier this year, Ordinals enables the creation of NFT-like assets on the Bitcoin blockchain. The protocol lets people…
The NEAR Foundation and Aurora allegedly reneged on an offer to convert $11 million worth of USN stablecoins, Wintermute founder and CEO Evgeny Gaevoy has claimed. In a Nov. 7 X (Twitter) post, Gaevoy claimed NEAR refused to honor a commitment to facilitate the sale of $11.2 million worth of its stablecoin USN for the FTX estate. 3. Summary To…
Nintendo announced Tuesday that it will develop a live-action film based on its popular video game franchise, The Legend of Zelda. The movie will be produced by Nintendo’s Shigeru Miyamoto and Arad Productions’ Avi Arad, known for films like the “Spider-Man” series. Wes Ball, director of the “Maze Runner” trilogy, will direct the film which will be co-financed by Nintendo…
Is the next-generation Nintendo Switch on its way? History suggests that it’s likely, given that the original Switch launched more than six years ago—and reports are piling up that suggest that Nintendo is paving the way for a launch next year. But Nintendo’s president is trying to pour cold water on such buzz. During an online press conference Tuesday, Nintendo…
The Justice Department is claiming that it’s “critical” for it to have the power to seize cryptocurrency from Americans — even if a judge never signs off. Source: https://cointelegraph.com/app/public/index.php/news/expect-new-irs-crypto-surveillance-come-with-surge-confiscation
