Category: Latest news

[ad_1] FTX has filed a motion in bankruptcy court seeking approval to hire Galaxy Digital Capital Management LP (“Galaxy”) as an investment manager, according to a court filing uploaded to FTX’s claims agent website on Aug. 23. Galaxy investment manager for FTX. As the filing outlines, FTX is proposing to engage Galaxy to provide investment…

[ad_1] Quick Take Bitcoin’s halvings, as highlighted in Pantera’s recent newsletter, play a significant role in constricting the production of new Bitcoins. The first halving led to a 17% reduction in new supply as a percentage of outstanding Bitcoin, marking the onset of a trend. This trend intensified in the 2016 halving; in terms of…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 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…

[ad_1] On August 23, the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) unveiled their findings in a report detailing the implications of a central bank digital currency (CBDC). Notably, this investigation involved the RBA issuing a pilot CBDC to selected industry participants within a secure environment, marking a departure…

[ad_1] Crypto exchange Bitstamp will end Ethereum (ETH) staking services for U.S. customers within a month, according to a statement on Aug. 23. The company said: “Customers will continue earning staking rewards up until [Sept.] 25, 2023, and after that, all staked assets will be unstaked.” Bitstamp added that rewards and principal (i.e., the original…

[ad_1] NVIDIA reported record revenue in its latest earnings report on Aug. 23. The chip giant revealed that it brought in a record-breaking $13.51 billion in revenue in Q2 2023, up 101% from one year ago and up 88% from last quarter. Furthermore, NVIDIA suggested that the majority of those earnings were due to revenue…

[ad_1] In a development that further underscores the escalating global crackdown on crypto scams, Israeli police have accused technology entrepreneur Moshe Hogeg of defrauding investors out of $290 million in a series of cryptocurrency scams, according to Bloomberg. Hogeg, the founder and co-CEO of Sirin Labs AG, and several unnamed associates are suspected of misappropriating…

[ad_1] The U.S. Securities and Exchange Commission (SEC) filed charges against John DeSalvo, the creator of a minor cryptocurrency called Blazar Token, on Aug. 23. The agency said that DeSalvo created Blazar Token in 2021 and raised $620,000 from 220 investors before the token ultimately collapsed in May 2022. DeSalvo once worked as a State…

[ad_1] The U.S. Department of Justice (DOJ) announced charges against two individuals who co-founded Tornado Cash on Aug. 23. The agency unsealed an indictment charging Roman Storm and Roman Semenov with various wrongdoings related to creating, operating, and promoting Tornado Cash — a once-popular Ethereum-based coin mixer that obscured crypto transactions. U.S. Attorney Damian Williams…

[ad_1] Quick Take The financial world is eagerly awaiting NVIDIA’s Q2 earnings report today, a reflection of the critical role this technology giant plays in influencing the broader market dynamics. With an expected EPS of 2.09 and a projected revenue of $11.08 billion, the stakes are high. According to Bloomberg, the Nasdaq has risen a…