Category: Latest news

[ad_1] China will launch a regulated platform for trading Non-fungible trading tokens (NFTs) known as China Digital Asset Trading Platform on January 1, 2023, according to local media outlet Sina News. The Chinese Technology Exchange, Art Exhibitions China, and Huban Digital Copyrights Ltd, a private corporation, jointly created the platform to facilitate the exchange of…

[ad_1] Crypto exchange Gemini and its founders, the Winklevoss twins, are facing a class-action lawsuit for allegedly not registering their interest-bearing accounts as securities and thereby violating the U.S. Exchange Act, according to a Tweet by crypto influencer ODELL. The investors filed the lawsuit in the U.S. District Court for the Southern District of New…

[ad_1] Former U.S. President Donal Trump’s NFT collection, Trump Digital Trading Cards, lost 80% of its value as the floor fell to 0.16 Ethereum (ETH) from 0.84 ETH ten days ago. Trump Digital Trading Cards Floor Price (via OpenSea) According to OpenSea data, 45,000 NFTs are currently owned by a total of 15,115 owners, which…

[ad_1] Lawyers, advisers, and bankers involved in the Celsius bankruptcy case collectively earned $53 million as administrative expenses in four months, as reported by the Financial Times. Among Celsius’ five advisors, Kirkland & Ellis was billed the most significant amount at $20.1 million. The company served Celsius for 212 days for $166,000 per day. On…

[ad_1] 3Commas CEO Yuriy Sorokin confirmed that a hacker leaked his firm’s API keys in a Dec. 28 Twitter thread. Sorokin said the data published by the hacker was factual. According to him, the platform has reached out to exchanges like Binance, KuCoin, and others to revoke the keys connected to 3commas. Binance CEO Changpeng…

[ad_1] Sam Bankman-Fried is expected to enter a plea on January 3, 2022,  to criminal charges, including conspiracy to commit money laundering and conspiracy to commit fraud on customers and lenders. The trial for the FTX founder is scheduled to begin on the afternoon of January 3, in Manhattan federal court, before U.S. District Judge…

[ad_1] Crypto platform Midas Investment will shut operations because of the significant losses it incurred in 2022, according to a Dec. 27 statement. CEO Iakov “Trevor” Levin said the Midas DeFi Portfolio lost 20% of its $250 million ($50 million) in assets under management. Trevor added that users withdrew around 60% of its AUM following…

[ad_1] Solana took another sharp fall today, sinking below $10 for the first time since February 2021. Bulls stepped in at $9.66 in the early hours of Dec. 28 (GMT), leading to a recovery that topped out at $10.20. As of press time, SOL was hovering close to the psychological $10 level once more, at…

[ad_1] Business Intelligence firm MicroStrategy has purchased an additional 2,395 BTC between Nov. 1 and Dec. 21. Michael Saylor, the founder and CEO of MicroStrategy, announced the company’s purchase on Twitter for the second time this quarter. According to the company’s 8K filing with the SEC, the Bitcoins were purchased for approximately $42.8 million in…

[ad_1] Bitcoin’s (BTC) hash rate fell 13% on Dec. 27 to 202.17 EH/s from around 240 EH/s recorded on Dec. 26. It has since recovered to 234 EH/s, as of press time. Source: Glassnode The hashrate decline is expected to lead to a 7% to 10% drop in mining difficulty. BTC’s mining difficulty is near…