Former Securities and Exchange Commission (SEC) chairman Jay Clayton has said that a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to get approved if it can be shown that the Bitcoin spot market offers the same “efficacy” as the futures market. “If they’re [applicants] right—that the spot market has similar efficacy to the futures market—it would…
USD Coin (USDC) issuer Circle has frozen $63 million belonging to three wallet addresses associated with the hack of the cross-chain bridge platform Multichain. In a Friday tweet, security firm PeckShield revealed that Circle has frozen $27.65 million, $30.1 million, and $5.5 million in three wallet addresses that received a significant outflow of funds from Multichain after the security breach. The…
Digital Currency Group responded to the lawsuit filed by Gemini alleging it defrauded its creditors by calling it a “publicity stunt” by Cameron Winklevoss. Gemini revealed yesterday that it has filed a lawsuit against DCG and its CEO Barry Silbert for orchestrating and directly perpetrating a fraud against creditors. Gemini claimed that the DCG CEO pushed to…
Elon Musk is still the world’s richest man, with a $244 billion net worth, according to the Bloomberg Billionaires Index. He has been making headlines constantly for a slew of reasons, some of which include his Twitter acquisition and how it has affected Tesla, and whether SpaceX might soon go public. And the latest Musk…
Cryptocurrency firm Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued Digital Currency Group (DCG) and its CEO on Friday after a dispute over a restructuring deal for the venture capital firm’s troubled unit. DCG and Gemini, the two most prominent players in the crypto industry, have clashed several times over the past…
Commodity Futures Trading Commission (CFTC) investigators have ruled that crypto lender Celsius Network and its former CEO Alex Mashinsky violated US rules before the company collapsed. The findings suggest that Celsius misled investors and failed to register with the CFTC, Bloomberg reported Wednesday, citing people familiar with the matter. If the majority of the CFTC’s commissioners agree with these conclusions, the…
BlackRock CEO Larry Fink has expressed support for Bitcoin (BTC), referring to it as an “international asset” that could revolutionize finance. In a recent interview on Fox Business, Fink stated that his company is keen on reducing the cost and complexity associated with investing in Bitcoin. He said that he believes this move would democratize the cryptocurrency market and make…
The U.S. government has established a new task force for targeting crypto crime consisting of five investigators from different federal agencies. Established on June 15, the “Darknet Marketplace and Digital Currency Crimes Task Force,” aims to “disrupt and dismantle criminal organizations” that use the “appearance of anonymity” provided by digital currencies to enable drug trafficking, money…
C3.ai (: AI) has been a volatile and divisive stock ever since its public debut in Dec. 2020. The enterprise artificial intelligence (AI) software company priced its IPO at $42, and its stock more than quadrupled to an all-time high of $177.47 that same month. Investors were initially drawn in by its rapid revenue growth…
With a dream to rethink neighborhood, Shaan-e-Pakistan is a three-day occasion planned for bringing nations closer through common energy about craftsmanship, music, nourishment, style and culture while simultaneously depicting Pakistan in a positive light. Facilitating Pakistani ability just as offering stage to rising ability, the current year’s occasion was booked to occur in Sri Lanka,…
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