The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase. Source: https://cointelegraph.com/news/sec-coinbase-discovery-court-documents?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
‘Uptober’ Starts Early as Bitcoin Price Pump Smashes Short Positions
Bitcoin has jumped in price following the Federal Reserve’s decision yesterday to cut interest rates—and traders who shorted the are being wiped out in a growing wave of liquidations. The biggest digital coin’s price is now sitting at $63,199 per coin after jumping more than 6% in 24 hours, CoinGecko shows. In the past day, over $154 million in short…
‘Cheating Is Bad:’ Hamster Kombat Enforces Anti-Cheating Mechanism Before Airdrop
Hamster Kombat, one of the hottest clicker games on Telegram, introduced an undefined anti-cheating mechanism that penalizes users who try to game its reward system. The team highlighted the relevance of “doing everything right,” protecting members and players who have not used these techniques to gain an unfair advantage for the upcoming airdrop. Hamster Kombat […] Source: https://news.bitcoin.com/cheating-is-bad-hamster-kombat-enforces-anti-cheating-mechanism-before-airdrop/
Crypto Market Sees Sharp Movements
The cryptocurrency market witnessed significant movements today, with various digital assets experiencing notable price changes. Bitcoin (BTC), the largest cryptocurrency by market capitalization, saw a surge as it broke through key resistance levels. This upward momentum is attributed to renewed investor confidence and positive market sentiment. Ethereum (ETH), the second-largest cryptocurrency, also experienced an upward trend. The recent upgrades to…
Mt. Gox Repayment and Bitcoin Investor Concerns
Mt. Gox, once the largest Bitcoin exchange, is finally beginning to repay its customers after a prolonged wait. The exchange, which filed for bankruptcy in 2014 following a massive hack, has been at the center of one of the most infamous scandals in cryptocurrency history. The repayment process is a significant step forward, but it has left many Bitcoin investors…
MicroStrategy Plans $500M Bitcoin Purchase
MicroStrategy (NASDAQ:MSTR), a business intelligence firm, has announced plans to raise $500 million to purchase additional Bitcoin. This move underscores the company’s commitment to cryptocurrency, a strategy it has been pursuing aggressively. The company revealed its intention to issue senior secured notes due in 2028 in a private offering to institutional buyers. The proceeds from this issuance will be used…
Robinhood Expands Internationally with Bitstamp Acquisition
Robinhood Markets Inc. (NASDAQ:HOOD) has announced its acquisition of Bitstamp, one of the longest-standing cryptocurrency exchanges in the world. This strategic move is aimed at enhancing Robinhood’s international business operations, particularly in the rapidly growing cryptocurrency sector. Founded in 2013, Bitstamp has established itself as a reliable and secure trading platform for digital assets. Its acquisition by Robinhood is expected…
Ether Liquidations Surge Amid SEC ETF Volatility
Recent market volatility surrounding the SEC’s decision on Ether ETF applications has led to a significant surge in Ether liquidations. Traders and investors are closely monitoring the situation as the SEC’s stance on these financial instruments could have lasting impacts on the crypto market. The SEC’s decision-making process regarding Ether ETFs has been a focal point for market participants. Approval…
Tornado Cash Developer Sentenced to Over 5 Years
A developer associated with Tornado Cash has been sentenced to over five years in prison for his role in facilitating cryptocurrency laundering operations. The developer, identified as Alexey Pertsev, was found guilty of assisting in the laundering of millions of dollars through the Tornado Cash platform. Tornado Cash, a decentralized protocol, allows users to mix their cryptocurrencies to obfuscate the…
CME to Offer Spot Bitcoin Trading
The Chicago Mercantile Exchange (CME) Group is reportedly planning to launch a spot Bitcoin trading platform. This marks a significant shift for the financial services company, which is best known for its derivatives market offerings, including futures and options contracts for a wide range of asset classes. According to sources, the move is aimed at expanding CME’s cryptocurrency services beyond…