Swan Bitcoin CEO Cory Klippsten has suggested that the spot Bitcoin (BTC) exchange-traded fund (ETF) will suppress the loud and flashy marketing strategies that have served as the initial gateway for many into the crypto space since 2017. During a recent interview with Bloomberg on December 1, Klippsten reiterated that Bitcoin ETFs offer an alternative entry into the market at…
Following cryptocurrency exchange Binance reaching a substantial multi-billion-dollar settlement with United States regulators last week, an on-chain data analytics firm reported a surge in Coinbase’s market share. On November 21, Binance and the United States Department of Justice (DoJ) reached a settlement of $4.3 billion, settling allegations related to anti-money laundering. However, the legal challenges have led to other crypto…
According to United States cybersecurity firm Recorded Future, North Korean hackers have stolen around $3 billion in cryptocurrency since 2017, with more than half of that amount stolen in the past year alone. Recorded Future indicated in a recent report that the amount of stolen crypto equates to approximately half of North Korea’s entire military expenses for the year: “North Korean threat…
Market manipulation in the crypto sphere, explained In the cryptocurrency space, market manipulation refers to the deliberate use of different deceptive strategies to artificially inflate or deflate the price of cryptocurrencies. One of the signs of market manipulation includes sudden, unusual price increases or decreases that have nothing to do with important news or trends. Unusual high trade volumes concentrated…
An archipelago in the middle of the Atlantic is seeking startups and tech talents to boost its economic growth. Web3 entrepreneurs are flocking to this region. Portugal’s Madeira archipelago has been praised for its natural beauty, but an aging population and pressing need for a more diversified economy prompted its local government to explore emerging technologies, such as blockchain. According…
It’s been another eventful week in the crypto sphere. Bitcoin continued to hit highs not seen since the digital asset crash of May 2022: the biggest virtual coin touched $39,000 Friday before dropping down again. It is now trading for $38,806 per coin, according to CoinGecko. That’s a 24-hour rise of about 1%. Over the week, it’s up by 3%.…
In recent years, Refik Anadol has established himself as a leading figure in the digital art movement, captivating audiences in a way few artists have via the power of emerging technologies like artificial intelligence (AI) and NFTs. Both collectors and international curators recognize his work. With over $30 million in NFT sales alongside exhibitions in the world’s most revered art…
British legislators are urging a careful stance regarding implementing a retail digital pound. They stress the importance of finding an equilibrium between technological advancements and potential drawbacks. Members of the Treasury Select Committee have expressed reservations regarding the possible launch of a retail digital pound, underscoring the need for thoughtful examination before execution. Despite recognizing potential advantages in terms of…
KyberSwap intends to provide financial assistance to users affected by a significant exploit on Nov. 22, which led to a $48.8 million loss for the decentralized finance protocol. To address this, KyberSwap is establishing a grant initiative from its treasury to offer compensation to those adversely affected by the event. The grant is designed to ease the financial burden on…
United States District Judge Robert Shelby has cautioned the Securities and Exchange Commission (SEC) lawyers, hinting at possible sanctions due to purportedly deceptive statements in a legal action against Digital Licensing Inc., also recognized as DEBT Box, a crypto company. Lodged in the federal court of Utah, the SEC’s legal action alleged that DEBT Box deceived investors by around $50…
