Ethereum Rockets Past $2,100 as BlackRock Files for Ethereum ETF with NASDAQ
Asset management giant BlackRock is set to venture into the Ethereum landscape with plans for an exchange-traded fund (ETF) focused on the cryptocurrency.
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U.S. District Court for the Southern District of New York dismisses two citizens' lawsuit against Tether
05/08/2023 21:17
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Leader of South Korea's Largest Crypto Exchange Acquitted of Data Manipulation Charges
In a legal win, the head of Upbit's operator, Dunamu, was declared not guilty by South Korea's Supreme Court in a case involving alleged data manipulation. The charges, related to fake accounts and order volume manipulation, were unanimously dismissed by all three courts, citing "illegal methods" used by prosecutors to obtain evidence. Upbit's success in dominating 80% of South Korea's crypto market is attributed to strategic partnerships, including one with neobank K Bank, streamlining account openings in adherence to regulations.
JixuSC Ventures and SBI Holdings Forge $100M Crypto Venture
SC Ventures and SBI Holdings form a $100 million crypto investment initiative, signalling their active involvement in decentralised finance, tokenisation, and the metaverse.
Hui XinLegal Green Light for Celsius: NewCo Emerges
Judge Martin Glenn, of the Southern District of New York Bankruptcy Court, has given the nod to Celsius Network's reorganization plan
AaronBitwise Co-Founders Face Arrest in Alleged $100M Investor Fraud Scheme
Bitwise Co-Founders Charged by US Attorney and SEC for Alleged $100M Investor Fraud, Accused of Fabricating Financial Information to Secure Funding.
JixuIs BRC-20 Token SATS a Scam? We Think It's Likely.
Made as a memecoin, there is no immediate utility for the token, which makes its rise, together with other more familiar memecoins like DOGE and PEPE, particularly interesting.
DavinTaiwanese Singer Chen Lingjiu Linked to JPEX Cryptocurrency Fraud Scandal
Taiwanese singer Chen Lingjiu (陳零九) becomes a defendant in the JPEX cryptocurrency exchange investigation, amplifying the risks of celebrity endorsements in finance. The case reveals allegations of fraudulent virtual currency promotion by JPEX, leading to legal actions and underscoring the responsibility celebrities have in endorsing financial products.
JixuMicroStrategy's Bitcoin Bet: Over £1B in Profits
MicroStrategy amasses a staggering £1 billion in profits from its Bitcoin investments during the recent cryptocurrency surge.
AaronUnveiling Courtyard's Tokenized Pokémon Card Giveaway
Courtyard, a startup in the crypto collectibles space, is distributing numerous branded mystery packs that include graded and tokenised Pokémon cards.
JixuUSDC's Move for Efficiency: 7% Fee Reduction in Stablecoin Transactions
Stablecoin issuer Circle has revealed its v2.2 upgrade, aiming to reduce transaction fees by approximately 7%. While the announcement carries a tone of promise, some may view it as an attempt to stay relevant in an increasingly competitive landscape.
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