[ad_1] Celsius is currently going through a Chapter 11 bankruptcy proceeding. Last week, the US CFTC found Celsius and Alex Mashinsky guilty of breaking several laws before Celsius collapsed in 2022. Alex Mashinsky has been arrested and will be arrayed in court on Friday. Celsius Network, a cryptocurrency lending company that collapsed in 2022, is the target of enforcement action by the US Securities and Exchange Commission (SEC). According to a Bloomberg report, the SEC has sued Celsius Network and its former CEO Alex Mashinsky. The report, however, stated that specifics of the complaint were not immediately available. The lawsuit…
Author: dfrancis36
[ad_1] GCEX, a prime brokerage for forex and cryptocurrencies led by Lars Holst, announced today (Wednesday) that it is enhancing its offerings with DV Chain, a provider of crypto liquidity and market-making services. Through the latest collaboration, GCEX expects to offer its clients even tighter spreads and reduced execution costs.The official announcement further highlighted that GCEX will provide enhanced brokerage services for spot cryptocurrency transactions through this partnership.“As demand for deep liquidity in digital assets from institutional clients continues to rise, this partnership reinforces GCEX’s position as a leading regulated brokerage, delivering superior global crypto CFDs liquidity,” said Michael Aagaard,…
[ad_1] The New York Stock Exchange (NYSE) has announced plans to launch financial products tied to the spot price of Bitcoin. The NYSE is collaborating with CoinDesk Indices to develop cash-settled index options that will track the CoinDesk Bitcoin Price Index (XBX).BREAKING: 🇺🇸 New York Stock Exchange to launch financial products tracking spot #Bitcoin prices. pic.twitter.com/mhPECUZAsW— Bitcoin Magazine (@BitcoinMagazine) May 29, 2024 The XBX is a real-time spot price index for Bitcoin calculated across major crypto exchanges. It has been operating for over 10 years and is currently the benchmark for $20 billion worth of Bitcoin ETF assets.By developing options…
[ad_1] Shiba Inu is currently the talk of the crypto market after mounting a 15% surprise rally. However, beyond the price rally, SHIB is shining in other places, and one of those is the open interest. This metric has seen a significant increase, with potential implications for the SHIB price going forward. Shiba Inu Open Interest Sees 85% Surge The Shiba Inu open interest in up over 85% in the past day as the price has gone on a recovery trend. Open interest tracks the futures or options contract for a particular asset, given a total of how much money…
[ad_1] Russian commodities firms facing challenges in executing financial transactions with Chinese counterparts are turning to stablecoins as a new method for settling deals. At least two major metals producers have begun utilizing Tether Holdings Ltd.’s stablecoin and other cryptocurrencies to settle cross-border transactions with primarily Chinese clients and suppliers. These settlements, in some cases, are routed through Hong Kong. The shift towards blockchain-based transactions highlights the enduring impact of international restrictions imposed in response to the 2022 invasion of Ukraine on the Russian economy. Even unsanctioned Russian companies dealing in commodities such as metals and timber have encountered difficulties…
[ad_1] PayPal has integrated its stablecoin Paypal USD (PYUSD) with the Solana blockchain, promising faster and more cost-effective transactions. This move aims to enhance user flexibility by leveraging Solana’s capability to handle high-volume, low-cost transactions efficiently.PayPal USD Joins Forces with SolanaPayPal announced the availability of PYUSD on the Solana blockchain during the crypto event, Consensus 2024. Solana is renowned for its ability to process a vast number of transactions quickly and at minimal cost, making it an ideal platform for stablecoin transfers. According to data from blockchain analytics platform Artemis, Solana is the leading blockchain for tokenized transactions, making it…
[ad_1] ✨ Exactly 9 years ago today, #Bitcoin pioneer ROSS ULBRICHT was sentenced to LIFE IN PRISONThis week, PRESIDENT TRUMP pledged to pardon himThe SHOCKING STORY of his UNFAIR TRAIL and why he deserves a chance at FREEDOM. A thread 🌟 pic.twitter.com/eMOQAVxFMP— The Bitcoin Historian (@pete_rizzo_) May 29, 2024 Nine years ago, Ross Ulbricht, the mastermind behind the first major Bitcoin marketplace, Silk Road, was sentenced to life in prison without parole. This week, former President Donald Trump announced his intention to commute Ulbricht’s sentence to time served, rekindling debates about the fairness of his trial and the severity of…
[ad_1] Dubai, United Arab Emirates, July 13th, 2023, Chainwire XBorg, the Web3 company developing a collaborative credential infrastructure that allows players to create their digital identity and enjoy tailored user experiences within enhanced gaming applications, sold out their $2 million seed round community allocation in record time. The funds will facilitate the scaling and adoption efforts of XBorg’s infrastructure and applications to reach millions of players and fans worldwide. Ahead of the raise, XBorg collected interest from more than 8,300 investors totalling $7M in soft commitments but decided to cap the community allocation at $2 million and maintain the remaining…
[ad_1] Mastercard has announced the launch of a peer-to-peer (P2P) platform for cryptocurrency users in Europe and Latin America. This initiative allows users on supported exchanges to send and receive cryptocurrencies using Mastercard Crypto Credential aliases, streamlining the transaction process. Mastercard Crypto Credential Pilot As announced on Wednesday, the platform extends its services to users in Argentina, Brazil, Chile, France, Guatemala, Mexico, Panama, Paraguay, Peru, Portugal, Spain, Switzerland, and Uruguay, enabling them to conduct cross-border and domestic transfers across multiple currencies and blockchains. This expansion is further boosted by including Foxbit, a crypto wallet provider, and Lulubit, through its integration…
[ad_1] The State of Wisconsin Investment Board has become the first public institution in the U.S. to invest in cryptocurrency, putting $187.1 million into bitcoin and related crypto companies, as revealed in a May 14 quarterly filing with the U.S. Securities and Exchange Commission. SWIB manages the assets of the Wisconsin Retirement System, the State Investment Fund, and other funds, with total assets exceeding $156 billion as of the end of 2023. The cryptocurrency investment represents a small portion—about one-tenth of 1%—of its total assets. Bob Bukowski, managing partner of Alpha Investing Consulting, described the investment as a speculative bet.…