Bitmain, a major ASIC manufacturer, has halted employee salary payments since September due to financial struggles amid market volatility and halted IPO plans. Key Takeaways Bitmain, once a juggernaut in the Bitcoin ASIC manufacturing space, has plunged into financial turmoil, as reported by a technology information service platform, Leiphone, resulting in the suspension of salary…
In the legal battle between Coinbase and the SEC, Judge Failla issues a scheduling order with important submission deadlines, bringing clarity to the process. Key Points In the ongoing legal battle between Coinbase Global Inc, a well-known cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC), Judge Failla has taken a decisive step by…
The head of the European Commission’s (EC) digital innovation and blockchain unit expanded on the pros of distributed ledger technology (DLT), and the current state of the regulatory framework in Europe.Balancing Blockchain Innovation and Regulatory ComplianceIn an interview with The Banker, a subsidiary of Financial Times, the head of the EC’s digital innovation and blockchain…
The trend of web 3.0 and GameFi has been growing rapidly. A number of successful projects such as Decentraland (MANA), The Sand Box (SAND), and Axie Infinity (AXS) have recorded massive growth over the past year, with Decentraland (MANA) having grown over 1200% in value in less than a quarter. These projects have been responsible…
Glassnode analysis reveals that Ethereum addresses in profit have declined to 53.5% due to Ether’s recent 13% price drop, with potential for profit fluctuations pending significant market events. Key Points A recent analysis by blockchain intelligence platform Glassnode reveals that the percentage of Ethereum addresses currently in profit has decreased to approximately 53.5%. This decrease…
Ever wanted to bet without having to lose a bunch of money? Well, Moonbet is here with its MBET tokens that you can use to bet within its Sportsbook, Casino, and eSports betting platforms. It is the world’s first, decentralised, one of a kind, community-run ecosystem that lets you bet on the outcome of a…
Nov 6th, Panama – Today, Fortune announced its 2024 Fintech Innovators Asia list, recognizing Gate.io among the top 10 in the “Blockchain and Crypto” category. This prestigious recognition highlights Gate.io’s leadership and commitment to technological innovation and market growth. Known for its cutting-edge solutions and user-first approach, Gate.io has become a standout force in blockchain…
Elon Musk, the founder and CEO of Tesla, has suffered a setback as one of the company’s top internal lawyers has departed, as stated in a legal filing submitted to federal court. Key Points Recent court filings reveal that Tesla founder and CEO Elon Musk has been dealt a significant blow, as one of the…
HSBC partners with FCF Pay, enabling customers to pay mortgages and loans with cryptocurrencies like SHIB and XRP, signifying growing crypto adoption. Key Points Blockchain payment system, FCF Pay, has announced a groundbreaking partnership enabling customers of HSBC, one of the largest global banking and financial service firms, to pay their mortgages and loans using…
Key Legislative Hearing Scheduled for Next Week A significant legislative development is coming up next week that could shape how cryptocurrency markets are regulated in the United States. According to Galaxy Research Director Alex Thorn, the Senate Agriculture Committee has scheduled a hearing for Tuesday, January 27, to consider amendments to what’s being called the…
