BIT Mining, a notable player in the burgeoning Bitcoin mining industry, has made headlines recently due to its controversial settlement with US authorities concerning bribery allegations. The firm is facing significant legal penalties totaling $10 million as a result of these allegations, which state that BIT Mining engaged in illicit activities to secure a resort
Cash
FTX, along with its associated debtors, has revealed a timeline indicating their aim to fulfill their Chapter 11 Plan of Reorganization by January 2025. This comprehensive plan primarily focuses on distributing assets to creditors and former customers who suffered losses during the company’s turbulent decline. As part of this reorganization, specialized distribution agents will finalize
In recent years, the United Kingdom has witnessed a remarkable surge in interest and participation in digital assets. With approximately 6 million individuals and 32% of UK institutions venturing into this dynamic domain, the rationale for a regulated digital currency solution has become increasingly evident. Amidst this backdrop, Agant’s initiative to launch GBPA, a stablecoin
Bitcoin, the flagship cryptocurrency, has been notorious for its volatility, and recent events have only underscored this characteristic. Recent data reveals a staggering decline in Bitcoin’s trading volume, plunging by approximately 27%. This decline has elicited reactions among traders and investors, as they try to decipher its implications on market dynamics. With the daily trading
In recent weeks, Bitcoin (BTC) has experienced an astonishing resurgence, particularly following the November 5 U.S. elections, witnessing a remarkable 30% increase in value. This upswing has propelled Bitcoin past its previous all-time high (ATH) set in March, marking a notable renewal of investor confidence and speculative interest in the cryptocurrency market. Analysts from Bitfinex
The cryptocurrency landscape is no stranger to controversy, but recent events surrounding the listing of Solana-based memecoins such as The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) on Binance have raised serious alarm bells. This move, taken by Binance, the leading cryptocurrency exchange globally by trading volume, appears to have triggered a substantial and
Semler Scientific, a company primarily focused on medical diagnostics, has once again made headlines with its strategic acquisition of additional Bitcoin, augmenting its holdings by 47 BTC valued at approximately $3 million. This acquisition, disclosed alongside their third-quarter earnings, has ramped up Semler’s total Bitcoin reserves to 1,058 BTC, which, as of early November, translates
In a significant legal twist following the collapse of the FTX cryptocurrency exchange, the firm has initiated a lawsuit against Ryan Salame, the ex-co-CEO of its Bahamian branch. The complaint, which surfaced in a court filing dated November 4, accuses Salame of complicity in the alleged financial mismanagement that led to the exchange’s bankruptcy. FTX
Mt. Gox was once the largest cryptocurrency exchange in the world, handling over 70% of Bitcoin transactions. However, its notorious downfall in 2014 due to a massive security breach led to the loss of approximately 950,000 Bitcoins, profoundly shaking investor confidence in cryptocurrency longevity and security. As the exchange declared bankruptcy, the aftermath saw a
The cryptocurrency market has often been a rollercoaster ride, often leaving investors torn between exuberance and trepidation. Recent forecasts suggest that Bitcoin, the flagbearer of the crypto realm, could potentially experience a seismic shift in its valuation following a monumental rally. While some analysts, like Gert van Lagen, predict a price surge to an audacious