The European Union (EU) is set to provide Ukraine with 1.4 billion euros ($1.52 billion) in military aid, sourced from the interest on frozen Russian assets. This decision, announced by EU High Representative for Foreign Affairs and Security Policy Josep Borrell during a Council on Foreign Affairs meeting, will see the first transfer of funds […] Source: https://news.bitcoin.com/eu-to-send-ukraine-1-4-billion-euros-from-frozen-russian-assets/
Month: July 2024
ETH traders should now ‘expect the unexpected’ after ETF launch
Crypto analysts argue past performance won’t help predict Ether’s prices anymore and that Ether has “all the elements to rally like it has never seen before.” Source: https://cointelegraph.com/news/ether-crypto-traders-price-expectations-spot-eth-etf?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Mt. Gox shifts $2.5B in Bitcoin to unknown wallet, repayments top 40%
Mt. Gox transferred 37,477 BTC to a new wallet, while data shows that 40% of creditor repayments have now been distributed. Source: https://cointelegraph.com/news/mt-gox-bitcoin-repayments-tranfer-btc-unkown-wallet-address?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ethereum ETFs Hit $107 Million on Debut, Marking ‘Very Solid First Day’
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 Reports U.S. spot Ethereum exchange-traded funds have only been trading for a day, but fresh data from Bloomberg shows they’re off to a “solid” start. Despite substantial…
Mark Zuckerberg calls for open-source AI as Meta releases Llama 3.1
Meta is “taking the next steps toward open-source AI becoming the industry standard,” according to CEO Mark Zuckerberg. Source: https://cointelegraph.com/news/mark-zuckerberg-calls-open-source-meta-releases-llama-3-1?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Marathon Digital Ordered to Pay $138M for Contract Breach
A federal court jury in Los Angeles has awarded Michael Ho $138 million after finding crypto mining firm Marathon Digital Holdings Inc. guilty of breaching a Non-Disclosure/Non-Circumvention Agreement. Ho had shared proprietary information about a large-scale energy supplier with Marathon, which had agreed not to bypass him. However, Marathon circumvented Ho and engaged directly with […] Source: https://news.bitcoin.com/marathon-digital-ordered-to-pay-138m-for-contract-breach/
Hex Trust gets initial nod for payment institution license in Singapore
Hex Trust previously obtained a license for custody services in Singapore, but a recent legislative amendment placed these firms under a new licensing scope. Source: https://cointelegraph.com/news/hex-trust-in-principle-nod-major-payment-institution-license-singapore?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Spot Ethereum ETFs post $107M net inflows on first day
The newly launched spot ETH funds posted positive net inflows despite being weighed down by $485 million of bleeding from Grayscale’s Ethereum Trust. Source: https://cointelegraph.com/news/ethereum-etf-inflows-106-million-first-day-trading?utm_source=rss_feed&utm_medium=rss%3FREFRESH1635384111776&utm_campaign=rss_partner_inbound
Bitlayer Secures $11M in Series A Funding Led by Franklin Templeton and ABCDE
Bitlayer Labs, the team behind a Bitcoin layer two (L2) solution utilizing the BitVM paradigm, has successfully raised $11 million in a Series A funding round led by Franklin Templeton and ABCDE. This investment elevates Bitlayer’s total funding to $16 million, bringing its valuation to $300 million. Institutional Investment Advances Bitlayer’s Bitcoin L2 Development Bitlayer […] Source: https://news.bitcoin.com/bitlayer-secures-11m-in-series-a-funding-led-by-franklin-templeton-and-abcde/
Coinbase files motion to compel in ongoing fight to get Gensler’s emails
Coinbase has now filed a motion to compel, including among others, a narrowed request for Gary Gensler’s private communications during his time as Chair. Source: https://cointelegraph.com/news/coinbase-files-motion-compel-gary-gensler-private-emails?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound