Swan Bitcoin Files Lawsuit Against Former Employees Over Alleged Theft Swan Bitcoin has initiated legal proceedings against multiple ex-employees of its mining division, claiming they illicitly appropriated critical software to establish a rival business. Allegations Against Former Staff The lawsuit asserts that the former employees created a competing entity named Proton Management. This group is […]
Record High for Wrapped Bitcoin on Aave Amid Backing Concerns Wrapped Bitcoin (WBTC) has reached an unprecedented supply level on the decentralized lending platform Aave, despite ongoing doubts regarding the stability of its backing. Data from Dune Analytics indicates that WBTC’s supply on the Ethereum network surpassed 37,000 tokens in September, translating to over $2 […]
Inside a Swiss Nuclear Bunker Housing a Bitcoin Vault Deep in the Swiss Alps lies a sophisticated nuclear bunker, now repurposed to secure Bitcoin holdings. The notion may seem unusual, but a hidden vault within this mountain fortification protects a significant cache of Bitcoin. This facility employs cutting-edge multiparty computation (MPC) techniques to ensure the […]
New York City Mayor Eric Adams Indicted on Corruption Charges Mayor Eric Adams of New York City has declared his intent to vigorously contest federal corruption charges, asserting that he will utilize “every ounce of my strength and spirit” to prove his innocence. Details of the Indictment Mayor Adams has been indicted during an ongoing […]
Financial Institutions Embrace Bitcoin-Backed Lending As interest rates decrease and cryptocurrency adoption accelerates, financial institutions are increasingly exploring Bitcoin-backed lending opportunities. Growing Interest in Bitcoin-Backed Lending Recent trends indicate that institutional investors are committing significant funds to spot Bitcoin exchange-traded funds (ETFs), following regulatory approvals for cryptocurrency trading in January. According to Ledn, a platform […]
Exploring Seattle’s Crypto Landscape Seattle is making strides in the cryptocurrency and blockchain sector. The city has a unique relationship with crypto, influenced by local laws, cultural attitudes, and the presence of key players in the industry. Quick Overview City: Seattle Country: United States Population: 3.5 million Founded: 1851 Most Common Language: English About Seattle […]
Bitcoin Sell-Side Risk Reaches Record Low in 2024 Bitcoin sellers are showing restraint, withholding their assets at current price levels even as a portion of long-term holders returns to profitability. Sell-Side Risk at Its Lowest Point According to data from the on-chain analytics platform CryptoQuant, the sell-side risk for Bitcoin has reached its lowest level […]
BlackRock Executive Sees Bitcoin Differently Than Conventional Assets According to BlackRock’s head of digital assets, Bitcoin should not be classified as a “risk-on” asset. The executive argues that Bitcoin operates under distinct market influences compared to traditional equities and other riskier assets. Robbie Mitchnick, BlackRock’s digital assets leader, stated in a recent interview that Bitcoin […]
BNY Mellon Advances Towards Crypto Custody for ETFs Following SEC Review The Bank of New York Mellon (BNY) is on track to offer custody services for Bitcoin and Ether on behalf of its exchange-traded fund (ETF) clients. This progress follows a review by the United States Securities and Exchange Commission (SEC), which concluded that BNY […]
Crypto Influencer’s Bold Move: A Total Cash-Out in 2024 Crypto influencer Lady of Crypto has a radical plan—she aims to completely liquidate her cryptocurrency portfolio by September next year. In an interview at Token2049 in Singapore, she expressed her intentions: “I plan to be 100% out of crypto.” This statement brought laughter from her, as […]
