Goldman Sachs, one of the leading global investment banks, has made a significant move into the cryptocurrency market. According to a recent filing, the financial giant holds more than $400 million in Bitcoin Exchange-Traded Funds (ETFs). This investment marks a substantial shift in the bank’s strategy, showcasing its growing interest in the digital asset realm. The filing detailed that Goldman…
Month: October 2024
CPI data to drive 'favorable impact' on Bitcoin prices — 21Shares
Consumer prices in the US rose by 2.4% in September, above market expectations but still in a negative trend compared to the past few years. Source: https://cointelegraph.com/news/cpi-data-favorable-impact-bitcoin-prices-21shares?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin ETFs Gain Popularity Among Investors
Bitcoin ETFs have recently seen a surge in popularity, attracting attention from major investors. These financial instruments offer a way to invest in Bitcoin without having to directly purchase and manage the cryptocurrency, which has been known for its volatility and security concerns. One of the key drivers behind this trend is the growing acceptance of Bitcoin as a legitimate…
Australia, Canada and Colombia were right to pause CBDC plans
Maybe CBDCs are less inevitable than some people think. Source: https://cointelegraph.com/news/australia-canada-colombia-were-right-to-pause-cbdc-plans?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
OpenSea Faces SEC Action Over NFT Sales
OpenSea, the leading NFT marketplace, has recently received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), indicating that the agency may take enforcement action against the company. This notice is generally a precursor to formal charges, giving the recipient a chance to respond before any official action is taken. The SEC’s investigation focuses on whether certain NFTs…
Mango Labs sues DAO members for alleged $10M embezzlement scheme
The drama around Mango Labs just never seems to stop. Its problems are with its own members, too. Source: https://cointelegraph.com/news/mango-labs-sues-embezzlement-dao?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC Sues Crypto Trading Firm Cumberland, Again Alleges Solana and Polygon Are Securities
The U.S. Securities and Exchange Commission announced Thursday that it has charged Cumberland DRW, a Chicago-based crypto trading firm, with various securities charges. In an announcement, the SEC said that Cumberland operated as an unregistered dealer in handling more than $2 billion worth of crypto assets. The complaint further alleges that Cumberland traded “crypto assets that are offered and sold…
Video Game Giant Ubisoft Announces Release of First Web3 Game, ‘Champions Tactics’
The prominent French video game publisher and developer Ubisoft is set to launch its first Web3 game, “Champions Tactics: Grimoria Chronicles,” on October 23. The game will utilize blockchain technology through the Oasys ecosystem, a layer two (L2) solution designed to enhance gameplay. Ubisoft Enters Web3 With Launch of ‘Champions Tactics’ RPG According to the […] Source: https://news.bitcoin.com/video-game-giant-ubisoft-announces-release-of-first-web3-game-champions-tactics/
Ripple Faces SEC Appeal on XRP Status
The ongoing battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken another turn as the SEC filed an appeal against the recent court ruling that declared XRP not to be a security. This legal struggle has captured the attention of the crypto industry, as it holds significant implications for the regulatory landscape of digital assets. Ripple,…
It’s good that Bitcoin doesn’t have an eccentric founder — Adam Back
The Blockstream founder was favored as the most likely figure to be revealed as Satoshi Nakamoto in the HBO documentary by Polymarket users. Source: https://cointelegraph.com/news/good-bitcoin-doesnt-have-eccentric-founder-adam-back?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound