In response to the soaring performance of Coinbase’s (COIN) stock, ARK Invest, led by Cathie Wood, has made the decision to sell $12 million worth of Coinbase shares. Quick facts: The move comes as Coinbase’s stock reaches a near one-year high following the exchange’s announcement of a surveillance-sharing agreement with five spot Bitcoin exchange-traded fund … Read more
The highly anticipated claims portal launched by FTX, the bankrupt cryptocurrency exchange, vanished shortly after its debut, leaving users in a state of uncertainty. Quick facts: The portal, designed to allow affected users to file proofs of claim, went offline for unknown reasons, disrupting the filing process The FTX claims portal, which went live on … Read more
The Bored Ape Yacht Club (BAYC) has unveiled its latest innovation, “Made by Apes,” an on-chain IP verification tool developed in collaboration with SaaSy Labs. Quick facts: The new tool aims to empower BAYC members to verify the authenticity of their NFT creations and establish an official catalog within the club. Meanwhile, the BAYC floor … Read more
Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” continues to express his optimism about Bitcoin, predicting a price level of $120,000 in the midst of plans by the BRICS alliance to introduce a gold-backed cryptocurrency. TLDR: In a recent tweet, Kiyosaki highlighted the potential adoption of a gold-backed digital currency by the BRICS … Read more
The Financial Conduct Authority (FCA) of the United Kingdom has launched a major crackdown on illegal cryptocurrency ATM machines in a bid to tackle illicit activities in the crypto space. Quick facts: The crackdown follows the FCA’s ultimatum issued on February 14, which required all crypto ATM operators in the UK to either comply with … Read more
Customers of Voyager Digital, the bankrupt crypto lender, have wasted no time in withdrawing their funds, resulting in a significant outflow of $250 million in crypto assets. Quick facts: After almost a year of suspended withdrawals and filing for Chapter 11 bankruptcy, Voyager Digital recently reopened its withdrawal service on June 23. Since then, investors … Read more
Bitcoin (BTC) whales, the influential investors with substantial Bitcoin holdings, are displaying unwavering confidence in the cryptocurrency, defying the current sideways price action. Quick facts: According to on-chain analytics firm Santiment, these whales have accumulated an additional 71,000 BTC in the past three weeks, valued at approximately $2.15 billion. The accumulation trend has emerged despite … Read more
Coinbase, one of the leading cryptocurrency exchanges, is facing serious allegations from the United States Securities and Exchange Commission (SEC). Quick facts: The SEC has countered Coinbase’s argument regarding the regulator’s jurisdiction to prosecute the crypto exchange by filing a response. The regulatory body claims that the exchange knowingly and deliberately violated securities laws. In … Read more
Multichain, a prominent cross-chain bridge platform, has been forced to suspend its services following a significant outflow of assets totaling a staggering $126 million. Quick facts: The sudden exodus has raised serious concerns and prompted Multichain to issue a warning to its users, advising them to refrain from utilizing its services until further notice. The … Read more
In a move to enhance transparency and address potential conflicts of interest, the Financial Services Commission (FSC) of South Korea has introduced regulations requiring its internal employees to report their crypto holdings. Quick facts: The new measures are part of the second phase of legislation aimed at strengthening oversight within the crypto market. In accordance … Read more