Month: April 2024

Blackrock Adds Citi, Goldman, UBS, Citadel as Bitcoin ETF’s Authorized Participants — IBIT Holdings Near 260K BTC

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Blackrock, the world’s largest asset manager, now has nine authorized participants for its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). They include JPMorgan Securities, ABN Amro, UBS Securities, Goldman Sachs, Citigroup, and Citadel Securities. 9 Authorized Participants for IBIT Blackrock, the world’s largest asset manager, filed an update to its Ishares Bitcoin … Read more

IMF Urges Ukraine to Finalize Crypto Legislation, Government Official Reveals

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The International Monetary Fund (IMF) has urged Ukraine to finalize its crypto legislation, the country’s Deputy Minister of Digital Transformation for IT industry development has revealed. “In the face of war, we have to exploit the full range of opportunities and develop new sectors of the economy,” he stressed, adding that “Legalization of the crypto … Read more

FTX Nets $1.9B in Solana Sale at $64 per SOL, Discount Price Draws Creditor Scrutiny

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In a report informed by individuals close to the situation, the FTX estate has successfully liquidated $1.9 billion by offloading a considerable amount of solana (SOL), including tokens that were not immediately available due to a vesting schedule. Insiders Say FTX Sold Millions of Locked Solana Tokens at a Deep Discount The bankrupt entity formerly … Read more

OKX Adds Zeus Network Token ZEUS To Its Trading Pairs

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OKX, a leading centralized trading platform, has announced the listing of the Zeus Network token ZEUS, marking the inaugural project of the Jupiter LFG Launchpad. This move opens up the ZEUS/USDT trading pair, providing traders with an opportunity to engage with this exciting new token. The Zeus Network is a groundbreaking permissionless layer that seamlessly … Read more

Pendle Sees 9% Price Surge As Market Interest Skyrockets

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Pendle, the cryptocurrency facilitating future yield tokenization and trading, has captured significant attention in the market as its price surged by 9% at press time. This uptick in price reflects the growing interest and confidence in Pendle’s potential within the cryptocurrency space. Data from DefiLlama reveals an impressive trajectory for Pendle’s Total Value Locked (TVL), … Read more

Nigerian Court Postpones Detained Binance Executive’s Tax Evasion Case to April 19

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A Nigerian court has postponed the tax evasion case of the detained Binance executive to April 19, while the hearing for the cryptocurrency exchange itself is scheduled for April 8. The court also ordered that the executive Tigran Gambaryan be held in the custody of the Economic and Financial Crimes Commission. Tigran Gambaryan Accused of … Read more

Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury

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On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission (SEC). The lawsuit spanned approximately two weeks. The trial culminated in the jury’s decision in a federal courtroom subsequent to … Read more

Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production

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According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in March, marking a 28.4% enhancement over March 2023’s earnings. Ahead of Bitcoin’s Next Halving, Bitdeer Taps TSMC for Proprietary Mining … Read more

Paraguayan Lawmakers Introduce Bill to Temporarily Pull the Plug on Bitcoin Mining Operations

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A group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations in Paraguay for 180 days or until the industry’s activities are properly regulated. The bill alleges that 28% of the energy losses of the National Power Administration (ANDE) correspond, in part, to illegal bitcoin mining … Read more

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