A resolution to overturn Staff Accounting Bulletin 121, also known as SAB 121, was vetoed by President Biden in May. Now, the US house will vote on trying to overturn the POTUS veto on it. Political experts are mixed about whether lawmakers have enough votes to override President Biden’s veto though. The U.S. House is set to …
US House to vote for overriding POTUS veto on SAB 121 Read More »
Mt. Gox has initiated the process of repaying its creditors by transferring 47,228 BTC, valued at approximately $2.71 billion, from its cold storage to a new wallet. This move is part of a broader effort to facilitate creditor repayments through designated cryptocurrency exchanges. The transfer has coincided with a dip in Bitcoin’s price below $55,000, …
Bitcoin has dropped below $58k for the first time in two months today, on 4th of July 2024. There are reports also that $54.9 million in Bitcoin long positions have been liquidated in the last 24 hours, Many experts are pointing out the fact that the Mt.Gox selling pressure news has caused this latest dump …
The Bittensor blockchain was temporarily halted after an attack on several user wallets, causing a 15% drop in TAO prices after the hack . Investigations are ongoing into the attack, which is suspected to have been caused by a private key leakage. Bittensor has been put into “safe mode” to prevent further transactions until more …
The US Marshals Service (USMS) has awarded Coinbase Prime a $32.5 million contract to safeguard and trade its large-cap digital assets. This decision, made after thorough due diligence by the USMS, part of the US Department of Justice responsible for asset forfeiture, highlights Coinbase Prime’s reputation for strong security and reliable service. Many institutional investors …
ASI Merge: Uniting Fetch.ai, Ocean Protocol, and SingularityNET The much-anticipated ASI merge of Fetch.ai, Ocean Protocol, and SingularityNET into the Artificial Superintelligence Alliance (ASI) is set to revolutionize the decentralized AI ecosystem. This integration will streamline operations, enhance interoperability, and position ASI as a leading force in decentralized AI. Here’s an in-depth look at this …
Sony, Japan’s multi-industry conglomerate, is preparing to launch a cryptocurrency exchange subsidiary by revamping the local trading platform WhaleFin, which it acquired last year. The platform has been renamed S.BLOX Co., which plans to collaborate with Sony Group’s other businesses to generate additional value for its crypto trading services. The exact launch date of the …
A federal judge dismissed part of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against crypto exchange Binance and founder Changpeng Zhao, but allowed other charges, including those against the holding company for Binance.US, to proceed. Judge Amy Berman Jackson of the District Court for the District of Columbia ruled that the SEC’s charges related …
US Judge lets most of SEC case against Binance proceed Read More »
Solana ETF bids have started to trickle in at the SEC as Wall Street is abuzz with cryptocurrency talk and the digital asset regulatory scene shifts course. Following VanEck’s punt for a Solana (SOL) Trust, fellow wealth manager 21Shares has filed its “21Shares Core Solana ETF” with the Securities and Exchange Commission (SEC), documents submitted …
Coinbase is taking legal action after the SEC and FDIC denied information requests filed under the Freedom of Information Act (FOIA). The crypto exchange, through consultancy firm History Associates Inc, has sued the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) in a U.S. District Court for unfairly rejecting FOIA solicitations. …
