Tether vs. Celsius Lawsuit: A Battle Over Bitcoin Liquidation
Tether Limited has strongly rebutted a lawsuit filed by the defunct cryptocurrency lender Celsius Network, labeling the legal action as a “shakedown” and “baseless.” The suit, initiated on August 9 in the U.S. Bankruptcy Court for the Southern District of New York, demands the recovery of approximately $2.4 billion in Bitcoin allegedly improperly liquidated by […]
Pump.fun Meme Coin Update: New Rewards for Creators
Meme coin creation platform Pump.fun has rolled out a significant update that offers financial incentives to users who successfully launch tokens, while removing the initial fee required to create a token. This change aims to enhance the platform’s appeal and stimulate creative development within the meme coin community. Key Features of the Update Community Response […]
Metaplanet Bitcoin Investment Strategy of $68M
Japanese venture firm Metaplanet is setting ambitious financial goals as it plans to raise approximately $68 million (¥10 billion) through a strategy that involves a gratis stock allotment, with a significant portion designated for enhancing its Bitcoin treasury. What exactly is Metaplanet Bitcoin Investment Strategy? Funding Bitcoin Investments Metaplanet, which likens itself to the “Japanese […]
Decade-Dormant Bitcoin Miner Transfers $14M BTC
In a notable development in the cryptocurrency world, an inactive Bitcoin miner transfers 250 BTC, valued at approximately $13.95 million, to five new wallets. This move highlights not only the long-term value of Bitcoin but also the historical progression of mining technology. Historical Context of Bitcoin Mining The wallet began its operations in 2010, a […]
European Hedge Fund Capula Management’s Heavy Investment
Capula Management, a leading hedge fund based in London, has significantly increased its Bitcoin exposure, investing over $420 million through exchange-traded funds (ETFs), as detailed in a recent regulatory filing with the U.S. Securities and Exchange Commission (SEC). Let’s understand the depth of Capula Management’s Heavy Investment. Details of the Investment According to the filing, […]
Coinbase SEC Legal Battle: Clash Over Document Intensifies
In the ongoing legal battle between Coinbase and the U.S. Securities and Exchange Commission (SEC), tensions have escalated over Coinbase’s request to subpoena emails and other communications involving SEC Chairman Gary Gensler. Let’s understand the depth of this Coinbase SEC legal battle. SEC’s Claim of Overreach According to recent court filings, the SEC has criticized […]
Weekly Crypto Review! Bitcoin’s Rollercoaster Week
This past week proved tumultuous for Bitcoin, as it oscillated near its all-time high only to suffer a significant dip, reflecting broader economic concerns and market reactions. Here is our Weekly crypto review! From Peak to Trough Bitcoin’s journey began on a high note, approaching a record peak with prices briefly touching $70,000 per coin […]
Q2 Crunch: Marathon Digital Holdings and Bitcoin Loss
Marathon Digital Holdings, a leading Bitcoin miner based in Fort Lauderdale, Florida, reported a significant Bitcoin Loss for the second quarter of the year, highlighting the challenging conditions brought about by the Bitcoin halving event and a broader downturn in the tech sector. Substantial Financial Challenges During this quarter, Marathon Digital Holdings faced a steep […]
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