Author: e_cash_top
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Charlie Munger, legendary investor and crypto skeptic, dies at 99
[ad_1] Charles Thomas Munger, an investing legend known for his partnership with Warren Buffett as Berkshire Hathawayâs vice chairman, died Nov. 28 at the age of 99. Mungerâs family informed Berkshire that he passed away in a California hospital earlier this morning. Munger had a long and storied career across multiple industries, most notably as…
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Decentralized Bitcoin mining pool OCEAN raises over $6M in seed funding
[ad_1] OCEAN, a new decentralized Bitcoin mining pool, announced that it had raised $6.3 million in seed funding from various sources on Nov. 28. The seed funding round is notably led by Jack Dorsey, co-founder and CEO of Block Inc. and also a co-founder and former CEO of Twitter/X. Dorsey said in a statement: âOur…
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Jump Crypto allowed to submit certain info confidentially in SECâs case against Terraform Labs
[ad_1] A U.S. court has ruled that Jump Crypto, which has been identified as a “third party” in the SEC’s ongoing case against Terraform Labs, will be allowed to submit certain information to the court in confidence, according to a Nov. 28 order. The SEC sued Terraform Labs and its founder and former CEO, Do…
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SEC advances decision process on Franklin Templeton’s Bitcoin ETF application
[ad_1] In a surprising turn of events, the U.S. SEC has advanced its decision-making process regarding Franklin Templetonâs Bitcoin ETF application, which was not due until Jan. 1, 2024. The watchdog punted the previous Nov. 15 deadline to Jan. 1, 2024, to allow for a more comprehensive review of the proposalâs alignment with regulatory standards,…
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Stablecoin balances on exchanges surge, hinting at crypto liquidity rebound
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more âș Connected to Alpha Welcome! đ You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Amazon Web Services introduces AI chatbot âQâ and two new AI chips
[ad_1] Amazon Web Services (AWS) announced on Nov. 28 the launch of ‘Q,’ an AI-powered virtual assistant and chatbot to enhance workplace productivity. The chatbot, capable of engaging in conversations, problem-solving, and generating content and insights, can access company information to provide tailored responses. AWS plans to offer user-based plans with customized features and fees,…
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Dubai’s web3 gaming sector gets a boost with Wemade collaboration
[ad_1] South Korean gaming giant Wemade has begun a collaboration with the Dubai Chambers, a non-profit public entity, to enhance the development of blockchain gaming ecosystems in Dubai and the wider UAE region, according to a Nov. 28 press release. The deal was officiated through a meeting between Wemade CEO Henry Chang and Dubai Chambers…
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Bitcoinâs 4-year compound growth doubles since September low
[ad_1] Quick Take Bitcoin’s 4-Year Compound Annual Growth Rate (CAGR) provides a comprehensive view of the digital asset’s historical performance, considering both the halving cycles and the bull/bear market trends. Recently, Bitcoin has exhibited a notable resurgence, recording a 50% elevation in its 4-year compound rate, which signifies a doubling from the September low of…
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Changpeng Zhao resigns from board of Binance.US
[ad_1] Changpeng Zhao has stepped down from his position as chairman of the board of directors for Binance.US, according to a Nov. 28 announcement. The resignation comes just over a week after CZ stepped down from his role at Binance Holdings as part of the exchangeâs settlement with the U.S. Department of Justice (DOJ). Proxy…
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Spain mandates disclosure of foreign-held crypto assets over âŹ50,000 for tax purposes
[ad_1] Spanish citizens must disclose crypto holdings exceeding 50,000 euros (about $55,000) held on foreign platforms for tax purposes starting January next year, according to an update from Spainâs Tax Administration Agency, Agencia Tributaria. The tax agency introduced Form 721, a declaration form specifically designed for virtual assets held abroad. The form would require legal…