Galaxy Digital Acquires CryptoManufaktur’s Assets Galaxy Digital, a publicly traded crypto firm led by Michael Novogratz, has announced the acquisition of nearly all assets of blockchain node operator CryptoManufaktur LLC. This strategic acquisition will increase Galaxy’s Ethereum assets under stake by approximately 43%, bolstering its presence in the blockchain infrastructure sector. Details of the Acquisition The acquisition agreement with CryptoManufaktur,…
In the ongoing regulatory battle between the U.S. Securities and Exchange Commission (SEC) and Binance, the allegations involving third-party tokens have come under significant scrutiny. The SEC case against Binance is complex, involving numerous charges, but one key aspect that merits further examination is the role of third-party tokens in this legal saga. Background on the SEC Case Against Binance…
WazirX, a leading cryptocurrency exchange in India, recently faced a significant cybersecurity breach resulting in a $230 million hack. The incident has prompted the exchange to file a police complaint and engage with India’s cyber crimes unit to address the issue and recover the stolen funds. This event underscores the importance of robust security measures in the cryptocurrency industry. The…
Ripple’s XRP has seen a significant surge in trading volume, surpassing Bitcoin on South Korean exchanges. This development is largely attributed to growing hopes of a favorable Ripple settlement in its ongoing legal battles with the U.S. Securities and Exchange Commission (SEC). Let’s dive into the details of this remarkable trend and its implications for the cryptocurrency market. XRP’s Unprecedented…
Tesla CEO and billionaire Elon Musk has recently sparked speculation that he may attend the upcoming Bitcoin 2024 Conference in Nashville, Tennessee. The buzz began when Musk changed his profile picture on X (formerly known as Twitter) to laser eyes, a symbol often associated with cryptocurrency enthusiasts. This change has led many to wonder if the longtime Dogecoin promoter will…
The security incident affected 8.5 million Windows systems worldwide as commercial operations were hit with the “blue screen of death.” Source: https://cointelegraph.com/news/microsoft-blames-crowdstrike-meltdown-2009-european-union-deal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin continues to make headlines as it tops $66,000, leading a strong rally in the cryptocurrency market. The latest surge comes amid a significant global IT outage, which has affected several financial systems. Let’s explore how Bitcoin’s performance stands out during this rally and the impact of the IT outage on the broader cryptocurrency market. Bitcoin Leads the Rally Bitcoin…
Bitdeer Technologies (NASDAQ:BTDR), a prominent bitcoin miner, has recently been identified as a potential takeover target, according to a research report by broker Benchmark. The increasing interest from artificial intelligence and high-performance computing firms in the energy assets of crypto miners has significantly bolstered Bitdeer’s value. Rising Valuation and Market Interest Benchmark raised its price target for Bitdeer to $16…
With President Joe Biden stepping aside from the 2024 presidential race, Democrats have a unique opportunity to reset their crypto policy and potentially win over a significant portion of the crypto electorate. Analysts believe that Vice President Kamala Harris and other Democratic leaders can embrace this shift, challenging former President Donald Trump’s stronghold on crypto voters. Biden Administration’s Stance on…
Superstate, a blockchain-based asset management firm, has unveiled a new tokenized fund designed to generate yield through a popular “cash and carry” investment strategy. This innovative fund leverages the USCC token, an ERC-20 token on the Ethereum blockchain, to offer investors a unique way to profit from the cryptocurrency market. USCC Token and Carry Trade Strategy The USCC token aims…
