Crypto Lender Genesis Agrees to $21 Million SEC Fine, Funds to Await Bankruptcy Claim Settlements
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Crypto Lender Genesis Agrees to $21 Million SEC Fine, Funds to Await Bankruptcy Claim Settlements

Genesis Global Capital has settled with the U.S. Securities and Exchange Commission (SEC) and agreed to pay a $21 million civil penalty. The SEC further disclosed that the regulator will “not receive any portion of the penalty until after payment of all other allowed claims by the bankruptcy court, including claims by retail investors in […] Source: https://news.bitcoin.com/crypto-lender-genesis-agrees-to-21-million-sec-fine-funds-to-await-bankruptcy-claim-settlements/

Bitcoin Flash Crash Below $9K on BitMEX Prompts 'Unusual Activity' Investigation
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Bitcoin Flash Crash Below $9K on BitMEX Prompts ‘Unusual Activity’ Investigation

That huge red candlestick showing Bitcoin crashing 80% on BitMEX was not a bad dream. Bitcoin (BTC) experienced a sudden and significant flash crash on the cryptocurrency exchange BitMEX late Monday. The price of BTC plummeted to as low as $8,900, a stark contrast to the prices on other exchanges, which remained steadily above $60,000. The rapid descent began at…

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Bitcoin.com Announces Integration of VERSE Token With BitPay for Expanded Payment Options
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Bitcoin.com Announces Integration of VERSE Token With BitPay for Expanded Payment Options

Bitcoin.com, a leading figure in the world of cryptocurrency and blockchain technology, is thrilled to announce a significant enhancement to the utility of its ecosystem token, VERSE. In a groundbreaking collaboration, VERSE has now been integrated with BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. This integration heralds a new era of […] Source: https://news.bitcoin.com/bitcoin-com-announces-integration-of-verse-token-with-bitpay-for-expanded-payment-options/

Microstrategy Expands Bitcoin Holdings: Acquires 9,245 BTC After Successful Convertible Note Sale
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Microstrategy Expands Bitcoin Holdings: Acquires 9,245 BTC After Successful Convertible Note Sale

On Tuesday, the business intelligence firm Microstrategy announced it completed a $603.75 million offering of convertible senior notes due 2031. After the announcement, Microstrategy’s founder Michael Saylor announced the company acquired 9,245 bitcoin for $623 million using the proceeds and excess cash. Microstrategy Now Holds 214,246 Bitcoin After Microstrategy announced its convertible note sale, the […] Source: https://news.bitcoin.com/microstrategy-expands-bitcoin-holdings-acquires-9245-btc-after-successful-convertible-note-sale/

Bitcoin Falls to Sub-$63K as Market Awaits Federal Reserve’s Next Move
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Bitcoin Falls to Sub-$63K as Market Awaits Federal Reserve’s Next Move

On Tuesday, the value of bitcoin fell to a low of $62,355, experiencing a decline of over 7% against the U.S. dollar in the last 24 hours and a decrease of 12.4% in the past week. This downturn led to the liquidation of a substantial number of bitcoin long positions, with more than $180 million […] Source: https://news.bitcoin.com/bitcoin-falls-to-sub-63k-as-market-awaits-federal-reserves-next-move/

Crypto Entities That Neglect AI and Machine Learning Investment Will Lag Behind, Warns Binance CTO
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Crypto Entities That Neglect AI and Machine Learning Investment Will Lag Behind, Warns Binance CTO

Rohit Wad, the chief technology officer (CTO) of Binance said his platform has increased its compliance budget in recent years to ensure it achieves the “highest regulatory compliance standard.” According to Wad, Binance has used a compliance budget, which rose 35% year over year to $213 million, to invest in transaction monitoring, market surveillance, and […] Source: https://news.bitcoin.com/crypto-entities-that-neglect-ai-and-machine-learning-investment-will-lag-behind-warns-binance-cto/

The Weekend Madness
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The Weekend Madness

Bitcoin rebounds as users withdraw funds from exchanges. Solana breaks $200, surpassing Binance Coin to claim the 4th spot in crypto rankings. Ethereum’s supply drops to a two-year low. Over $100 million raised by new coin presales in just two days. A dog NFT sells for a staggering $4.3 million. PRIME emerges as the leader in gaming coins, while NodeMonkes…

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Square Enix Brings Ethereum NFT Game Symbiogenesis to HyperPlay Amid Investment
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Square Enix Brings Ethereum NFT Game Symbiogenesis to HyperPlay Amid Investment

Gaming giant Square Enix, the long-running publisher behind such franchises as Final Fantasy and Kingdom Hearts, announced Tuesday that it has invested in HyperPlay, a crypto-native game launcher. And Square Enix will bring its Symbiogenesis game to the store. Billed as “strategic fundraising” for the platform, HyperPlay declined to disclose the amount of the investment. But pseudonymous founder JacobC.eth exclusively…

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