Crypto trading firm Cumberland secures New York BitLicense
The New York State Department of Financial Services lists 33 companies holding licenses, allowing them to offer crypto-related products and services. Go to Source
Month: June 2024
US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit
The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s appeal follows a lower court’s decision to revive a class-action lawsuit. The suit alleges that Nvidia and its CEO, Jensen Huang, downplayed the impact of … Read more
Terraform Labs to shut down after $4.5B SEC settlement: Law Decoded
Terraform Labs plans to sell key projects within the Terra ecosystem and give the community control of the Terra blockchain. Go to Source
Coinbase International announces support for pre-launch market
Users will be able to trade futures of soon-to-be-listed tokens and coins on the exchange. Go to Source
Dormant Whale Moves $9.76M In QNT To Kraken, New Wallets Show Activity
A long-dormant whale has resurfaced, moving 118,090 QNT, valued at $9.76 million, to Kraken. This address, which accumulated a large amount of QNT six years ago, remained inactive during the 2021 uptrend. It only became active this month and still holds a substantial 200,000 QNT, approximately valued at $16.53 million. Inactive for Six Years, whale … Read more
Bitcoin Holdings By Large Wallets Reach 2-Year High Amid Market Dynamics
Wallets holding 10 or more Bitcoin have collectively reached their highest level of holdings since two years ago. This milestone comes in the wake of significant changes in the cryptocurrency market, including a remarkable 226% increase in Bitcoin’s market value. Speculation abounds that FTX was actively suppressing cryptocurrency prices in the second half of 2022. … Read more
Tether launches gold-backed, US dollar stablecoin Alloy
The new synthetic dollar is the first step in the rollout of a real-world asset tokenization platform, said Tether. Go to Source
Analyst Forecasts Silver Shortage, Price Increases As Consumers Tap Dwindling Secondary Inventories
Peter Krauth, a silver market analyst and author of “The Great Silver Bull,” has predicted an upcoming silver shortage produced by the increased demand for the precious metal for different applications. Krauth states that demand for silver has outpaced supply, and there are probably 12 to 24 months of silver available before inventories run out. … Read more
FTX victims go after company’s assets from criminal forfeiture
Though Sam Bankman-Fried is currently serving a prison sentence, affected FTX customers and creditors are making claims on the firm’s assets, which are still worth millions. Go to Source
Digital Asset Funds Witness Major Shake-up Amid Fed’s Hawkish Stance: Coinshares
Digital asset investment products have seen substantial outflows totaling $600 million, marking the most significant withdrawal since March 22, 2024. According to Coinshares and lead researcher James Butterfill, this exodus is attributed to a hawkish Federal Open Market Committee (FOMC) stance, leading investors to reduce their exposure to fixed-supply assets like bitcoin. Coinshares Flow Report … Read more