Kraken Completes Distribution of Mt. Gox Bitcoin Without Significant Selling Activity from Creditors
Crypto exchange Kraken has officially concluded the distribution of Bitcoin and Bitcoin Cash to creditors of the defunct Mt. Gox exchange, as announced by Kraken’s CEO, Dave Ripey. This marks…
Worldcoin Refutes Allegations of Insider Trading and Market Manipulation
Worldcoin has recently found itself at the center of controversy following claims of insider trading and price manipulation concerning its cryptocurrency, the Worldcoin (WLD) token. These allegations have sparked a…
Indian Finance Minister Overlooks Crypto Tax Reduction Requests in 2024 Budget
During the presentation of the 2024 Union Budget on July 23, Indian Finance Minister Nirmala Sitharaman made no mention of cryptocurrencies, leaving the existing taxation structure unchanged. This decision was…
Grayscale Moves $1 Billion in ETH to Coinbase in Preparation for Ether ETF Debut
On July 22, Grayscale, a leading digital asset manager, transferred $1 billion worth of Ether to Coinbase. This significant move aligns with the company’s preparations for the anticipated launch of…
Hex Trust Secures Preliminary Approval for Payment Institution License in Singapore
Hex Trust, a leading digital asset custodian, has achieved a significant regulatory milestone by obtaining in-principle approval from Singapore’s financial regulator for a major payment institution (MPI) license. This development…
Mt. Gox Distributes $335 Million in Bitcoin to Bitstamp and an Unidentified Wallet
Mt. Gox, the cryptocurrency exchange that famously collapsed in 2014, continues its long process of reimbursement by transferring a substantial amount of Bitcoin to the exchange Bitstamp and another unknown…
HIVE Digital Technologies Initiates Expansion into Paraguay
HIVE Digital Technologies, a prominent Bitcoin mining company, has announced its ambitious plans to establish a 100-megawatt mining facility in Paraguay. This move marks the company’s first foray into the…
Paraguay’s Miners Appeal to National Electricity Provider to Rethink Imminent Rate Increase
On July 19, Paraguay’s national electricity provider, Administración Nacional de Electricidad (ANDE), confirmed the continuation of a planned electricity price increase for legal cryptocurrency miners set to commence on August…
Asset Manager Discusses Potential for Bitcoin as U.S. Strategic Reserve Under Trump Administration
Amidst evolving economic landscapes and political discourses, the conversation around Bitcoin’s integration into national treasury systems has gained significant momentum. Recently, asset manager Bryan Courchesne appeared on CNBC to discuss…
Biden Passed the Torch Slowly, Holding On Until It Finally Fell Apart
President Joe Biden‘s decision to not seek reelection marked a poignant moment in U.S. politics, underpinned by a series of private reflections and public pressures that led to his withdrawal.…
Mt. Gox Initiates $3.2 Billion Bitcoin Outflow Within Two Hours
On July 23, Mt. Gox, the now-defunct cryptocurrency exchange, made headlines once again by transferring a substantial amount of Bitcoin, totaling nearly $3.2 billion, to two undisclosed addresses early in…
U.S. Spot Ethereum ETFs Scheduled to Start Trading on July 23
The financial landscape for cryptocurrencies is set to change significantly with the launch of spot Ether exchange-traded funds (ETFs) in the United States, slated for July 23. This follows the…
Crypto Policy Prospects Under Potential Harris Vice Presidents
As the 2024 U.S. Presidential Election approaches, Vice President Kamala Harris stands as a prominent candidate to secure the Democratic nomination, especially with endorsements from President Joe Biden and other…
US Dominates as Digital Asset Markets Experience $1.35 Billion Inflow Boost in One Week — CoinShares Report
The last week has witnessed a substantial $1.35 billion inflow into digital asset investment products, as detailed in the latest report by CoinShares. This surge is part of a broader…
Upcoming Half of 2024 Predicted as Ethereum’s Most Bullish Phase Due to Ether ETFs, Expert Claims
As the Ethereum ecosystem gears up for a potentially transformative period, the anticipated introduction of the first spot Ether exchange-traded funds (ETFs) could herald its most bullish phase yet. According…
Asia’s First Inverse Bitcoin ETF Set for Launch in Hong Kong
On July 23, the financial landscape in Hong Kong is set to expand with the launch of the CSOP Bitcoin Future Daily (-1x) Inverse Product (7376.HK), marking Asia’s first foray…
Anticipated Resignation of SEC Chair Gary Gensler Post-Biden Presidency — Insights from 10x Research
With the political landscape in the United States undergoing significant changes, the implications for regulatory bodies such as the Securities and Exchange Commission (SEC) are becoming increasingly pertinent. This analysis…
Biden’s Presidential Race Exit Triggers $67M Liquidation of Crypto Long Positions in 30 Minutes
The cryptocurrency market witnessed a dramatic flurry of activity following United States President Joe Biden’s announcement to withdraw from the 2024 presidential race. This decision had immediate repercussions on the…
Biden-Linked Memecoins Plunge 60% Following Presidential Race Withdrawal
The memecoins associated with United States President Joe Biden and his family experienced a dramatic fall following his unexpected withdrawal from the 2024 presidential race. This event triggered significant volatility…
Exploring Kamala Harris’ Stance on Cryptocurrency as Election Looms
Vice President Kamala Harris has been somewhat of an enigma when it comes to her stance on cryptocurrencies and blockchain technology. Unlike many of her Capitol Hill colleagues, she has…