The bankruptcy proceedings of Bittrex Inc. involved a legal dispute over claims filed by Azim Ghader, who sought recovery for lost profits and damages after his cryptocurrency was frozen on the Bittrex exchange in 2017. The United States Bankruptcy Court for the District of Delaware found that Bittrex had complied with legal requirements and upheld […] Source: https://news.bitcoin.com/bankruptcy-court-backs-bittrex-in-cryptocurrency-freeze-dispute/
Cathie Wood’s Ark Investment Management has withdrawn from the race to launch a spot ether exchange-traded fund (ETF), as its name was removed from the application filed with 21shares. The ETF, now renamed 21shares Core Ethereum ETF, reflects Ark’s decision not to pursue the ether ETF at this time. Despite this, Ark remains committed to […] Source: https://news.bitcoin.com/cathie-woods-ark-invest-halts-spot-ethereum-etf-plans/
Analysts predict ETH ETF’s launch for June, Bitcoin dips as Mt. Gox wallets move, and Binance France changes ownership. Source: https://cointelegraph.com/magazine/ether-etf-launch-expected-june-cz-leaves-binance-france-hodlers-digest-may-26-june-1/
Following President Joe Biden’s veto of the resolution to overturn the U.S. Securities and Exchange Commission (SEC)’s controversial crypto rules in SAB 121, U.S. lawmakers in both the Senate and House of Representatives have intensified their efforts to pass the landmark crypto bill, the Financial Innovation and Technology for the 21st Century (FIT21) Act. ‘Senate […] Source: https://news.bitcoin.com/senate-urged-to-pass-landmark-crypto-bill-after-biden-vetoes-resolution-to-overturn-sec-rules/
It’s unclear why the two companies have partnered up, but the scheme comes amid Apple’s push to dominate the “spatial computing” market. Source: https://cointelegraph.com/news/google-magic-leap-partner-metaverse-goggles
Ripple CEO Brad Garlinghouse foresees the emergence of exchange-traded funds (ETFs) for cryptocurrencies beyond bitcoin and ether, following the U.S. Securities and Exchange Commission (SEC) approval of spot bitcoin and ethereum ETFs. At the Consensus 2024 event, he stated: “I think it’s just a matter of time, and it’s inevitable there’s gonna be an XRP […] Source: https://news.bitcoin.com/ripple-ceo-says-xrp-solana-cardano-etfs-are-inevitable/
After two consecutive months of record-breaking revenue, bitcoin miners experienced a significant downturn in earnings in May, a level not seen since October 2023. In April, miners generated $1.79 billion, whereas May’s figures show a considerably lower revenue of approximately $964.24 million. Sharp Decline in Bitcoin Miner Revenue in May Bitcoin miners generated 46.15% less […] Source: https://news.bitcoin.com/bitcoin-miners-see-46-15-revenue-drop-in-may-lowest-since-october-2023/
The financial services firm Unchained and the University of Texas have partnered to launch a long-term endowment fund in bitcoin (BTC). Joseph Kelly, CEO and co-founder of Unchained, set the ball rolling with a personal donation of two bitcoins. The bitcoin financial services firm also intends to connect UATX faculty and their research with key […] Source: https://news.bitcoin.com/bitcoin-firm-unchained-partners-with-university-of-texas-to-launch-5-million-bitcoin-endowment-fund/
OpenAI is pulling out all the stops to ensure that everyone is using its ChatGPT services. Source: https://cointelegraph.com/news/open-ai-chat-gpt-artificial-intelligence-universities-nonprofits
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha ReportsIllustration by Mitchell Preffer for Decrypt. It’s been another boring week for Bitcoin but non-stop craziness for the rest of the industry. The price of Bitcoin broke…
