Day: August 13, 2024

Coinbase Returns to Hawaii After Regulatory Changes

Coinbase has announced its re-entry into the Hawaii market, following significant regulatory changes in the state that now allow residents to engage in cryptocurrency transactions. This development comes after a hiatus since 2017 when Coinbase ceased operations in Hawaii due to stringent financial requirements imposed by the state’s Division of Financial Institutions (DFI). Background of […]

Crypto Stability Amid Trump-Musk Silence

Crypto markets experienced minimal movement during European trading hours on Tuesday, with Bitcoin and Ethereum showing slight dips, contrasting with their overall weekly gains. This period of calm trading follows the much-discussed interview between former U.S. President Donald Trump and Tesla CEO Elon Musk, which surprisingly omitted any mention of cryptocurrencies. Current Market Conditions As […]

Three Arrows Capital TerraForm Labs Lawsuit: Seeking $1.3 Billion

Liquidators of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC) are pursuing a claim of $1.3 billion against TerraForm Labs and its co-founder, Do Kwon. The lawsuit, filed in the U.S Bankruptcy Court for the District of Delaware on August 9, stems from substantial losses 3AC sustained during the 2022 crash of TerraUSD (UST) […]

Marathon Digital Convertible Notes: A $250M Strategy

Marathon Digital Holdings, a major player in the Bitcoin mining sector, has recently announced a plan to raise $250 million through a private offering of convertible senior notes. This strategic move is intended to bolster the company’s Bitcoin reserves and support its robust long-term HODL strategy but has sparked a wave of scrutiny and speculation […]

El Salvador Bitcoin City Investment Boosts Infrastructure

El Salvador is set to receive a monumental boost in infrastructure with a $1.62 billion investment from Yilport, a Turkish holding company. This investment, the largest private investment in El Salvador’s history, is earmarked for two of the country’s major seaports, supporting the ambitious plans for the construction of the proposed “Bitcoin City.” Details of […]