Judge Martin Glenn has rejected the request to establish a special shareholders class in the Celsius Network bankruptcy case, as stated in a court document filed on August 25th. The motion, put forth by investor Otis Davis on July 25th, sought to create a legal class for investors separate from Celsius Network employees and customers.
The U.S. economy has experienced robust growth in recent years, leading to increasing concerns about inflationary pressures. Federal Reserve Chair Jerome Powell emphasized the need for additional interest rate increases at the Jackson Hole Economic Symposium. This article will explore the uncertainties surrounding the economic outlook and the potential implications of further restrictive monetary policies.
Ancient civilizations relied on oracles to gain insights into the future. Today, the financial sector has its own version of oracles in the form of AI crypto platforms like yPredict. These platforms, powered by sophisticated algorithms and AI models, are reshaping the field of financial predictions. With the proliferation of AI technologies and machine learning,
Bankruptcy claims agent Kroll, which was hired by FTX, has fallen victim to a cybersecurity incident that has compromised the personal information of certain FTX customers. FTX, a popular cryptocurrency exchange, confirmed the breach on social media platform X in a post on August 25. The company clarified that the breach only impacted non-sensitive customer
The NFT market has recently witnessed an unexpected shift, with the floor prices of some of the most prominent blue-chip NFTs experiencing a marked decline over the past month. This decline in floor prices, which represents the minimum price a seller can expect to pay for an item in a collection, is a critical metric
Cryptocurrency news in East Asia continues to make headlines, with significant developments in various countries. From the opening of a new crypto exchange in Hong Kong to China’s crackdown on private blockchain firms, here are the latest updates from the region. Crypto exchange HashKey is set to open its doors to retail traders in Hong
The recent changes to a multisig wallet and the transfer of tokens in Pepe (PEPE), a frog-themed memecoin, have triggered a significant price drop of nearly 15%. The actions taken by the developers have raised concerns among investors, fueling fears of a potential “rug pull”. These allegations, coupled with the negative price movement, have cast
The world of Web3 has just witnessed a groundbreaking development with the launch of Unstoppable Messaging by Unstoppable Domains. This cutting-edge end-to-end encrypted Web3 domain messenger aims to revolutionize the way Web3 participants connect with friends, stay updated on their projects, and foster communities in a decentralized manner, all while ensuring utmost privacy. Unstoppable Messaging
The crypto market has witnessed significant gains in AI-based cryptocurrencies, surpassing other assets in terms of performance. Chipmaker Nvidia, known for its investments in the AI sector, has reached an all-time high in its stock price, leading to the positive movement of these crypto tokens. The recent data from Coingecko reveals double-digit gains for Render
Sui Network (SUI) has experienced a relief rally of +30% in the past week after a four-month decline since its launch on May 3. Despite the token’s struggle to perform in a volatile market, the layer-1 platform has shown consistent growth and development within its ecosystem. With the current market price at $0.59 and a
U.K. regulators are taking steps to ban cold calls for consumer financial services as part of the country’s Treasury Fraud Strategy. The crypto sector is expected to be one of the industries affected by this ban. In a recent consultation paper from the U.K. Treasury, public input is being sought to understand the potential impacts
Formula 1 is taking the world of fan engagement to a whole new level with its latest innovation: digital collectibles. The Formula 1 Heineken Dutch Grand Prix has introduced a unique experience that allows fans to claim a digital piece of the CM.com Circuit Zandvoort, making them symbolic co-owners of the circuit during the race
In a recent statement released on Aug. 24, Binance announced that its popular crypto debit card, Binance Card, will no longer be available in Latin America and the Middle East starting from Sept. 21. This shocking announcement comes as a major setback for the exchange and its users in these regions. The Binance Card is
The world of scientific research is on the brink of a paradigm shift with the emergence of Decentralized Science (DeSci) and the integration of Non-Fungible Tokens (NFTs). This revolutionary approach to science combines the power of blockchain technology with unique digital assets to transform the way scientific research is conducted. In this article, we will
The cryptocurrency market has recently experienced a significant downturn, with the total market capitalization falling by 10% between Aug. 14 and Aug. 23. This decline has brought the market to its lowest point in over two months, standing at $1.04 trillion. The movement in the market has led to a substantial number of liquidations on
The advent of Unstoppable Domains’ (UD) instant messaging system has marked a new era in Web3 communication. This groundbreaking development, announced by principal engineer Aaron Quirk on August 23, now allows owners of UD-registered usernames, such as .crypto, .wallet, and .polygon, to seamlessly message one another across various XMTP-enabled apps. To ensure privacy and security,
The constantly evolving landscape of financial markets has witnessed remarkable technological advancements in recent years. These developments have revolutionized the way investors engage with the market, placing a strong emphasis on digital tools and platforms. In this context, the emergence of yPredict, an AI-driven platform specializing in crypto signals, has generated significant interest among investors.
Sonik Coin ($SONIK) is a rapidly emerging player in the meme coin space. As a community-driven meme token, it aims to become the fastest-growing project in its niche. With a fair presale currently underway and attractive staking rewards, Sonik Coin injects hilarity and vibrant energy into the meme coin market. Following the recent successes of
Coinbase, one of the leading cryptocurrency exchanges, has recently made a significant stride in the evolution of crypto regulation in the United States. The platform has secured regulatory approval from the National Futures Association (NFA) to operate as a Futures Commission Merchant (FCM), becoming the first crypto-native platform to offer both spot crypto trading and
The crypto space is on the verge of another potentially historic moment with the first Ethereum Futures ETF in the US. Volatility Shares, a pioneer in the ETF space, has announced its intention to launch the Ether Strategy ETF (Ticker: ETHU) on October 12, 2023. If all goes as planned, this could mark the first
In a surprising turn of events, it has been revealed that former United States President Donald Trump owns over $2.8 million in an Ethereum wallet. This information was brought to light by the non-profit watchdog, Citizens for Responsibility and Ethics in Washington, in their recent financial statement release on August 14th. The financial report discloses
Cryptocurrencies have become increasingly popular in recent years, with stablecoins being one of the fastest-growing sectors. However, last year’s stablecoin implosion highlighted the need for global regulations and norms to ensure the stability and transparency of this sector. While many international leaders have called for such regulations, only a few have taken concrete steps to
PayPal, the global online payment solutions provider, has announced that it will temporarily suspend its cryptocurrency buying services in the United Kingdom. Select users received an email on August 14, notifying them of this upcoming disruption. The pause on buying crypto will commence on October 1, 2023, and is anticipated to last until early 2024.
In a groundbreaking collaboration, Adidas Originals and BAPE have unveiled a limited-edition sneaker collection called the Triple-White Forum 84 BAPE Low. This partnership goes beyond the boundaries of traditional fashion, incorporating technology into the mix. The highlight of this collaboration is the introduction of a “digital twin” NFT version of the sneakers, allowing enthusiasts to
In the world of cryptocurrency and blockchain, a groundbreaking project called Chimpzee is making waves with its innovative approach to passive income and conservation. This green web3 platform is currently running a highly successful presale of its native $CHMPZ token, raising an impressive sum of close to $1.2 million. With a mission to combine philanthropy
The decentralized finance (DeFi) sector continues to evolve with new innovations and advancements. One such development is the launch of Nexera decentralized exchange (DEX) by DeFi infrastructure provider AllianceBlock. This article explores the key features and potential impact of Nexera DEX on the Ethereum network. Nexera DEX sets itself apart with its innovative design and
Zynga, the renowned mobile game developer and publishing label under the banner of Take-Two Interactive Software, recently unveiled its pioneering venture into Web3 gaming by introducing “Sugartown.” This move signifies Zynga’s embrace of blockchain technology and its potential to reshape the gaming industry. With its track record of creating massively popular games such as Farmville,