Tag: Business
US Bitcoin ETFs Reach $100 Billion, Impacting Largest Bitcoin Holders
US Bitcoin ETFs have made a significant impact in the market, surpassing $100 billion in net assets. This milestone, achieved in just 10 months since their launch in January, represents 5.4% of Bitcoin's total...
Binance Increases Compliance Staff by 34% Amid Industry Growth
Binance, the world's largest cryptocurrency exchange, has announced its plans to increase its compliance staff by 34% by the end of the year. This means that the exchange will have 645 full-time compliance employees...
Solana Price Prediction: Hedge Funds & VCs Expect $600 Target
Hedge funds and venture capital firms are optimistic about Solana's future, with many expecting the cryptocurrency to reach $600 during this bull cycle. According to the "Q4 2024 Crypto Investment Manager Survey" by MV...
FTX Repayment Plan Set for Rollout in January 2025
FTX is moving forward with their repayment plan, which is set to begin in January 2025. The final details will be sorted out next month, and repayments will start early in the new year.The...
SEC Disburses $4.6 Million to BitClave ICO Investors Amid Fund Discrepancies
The US Securities and Exchange Commission (SEC) recently distributed $4.6 million to investors who participated in BitClave's initial coin offering (ICO) back in 2017. This distribution comes after unresolved discrepancies in the total funds...
SOS Stock Soars 100% After $50 Million Bitcoin Investment Approval
SOS Limited, a Chinese data mining and technology company, recently made headlines when its board approved a $50 million investment in Bitcoin. This decision was driven by the company's desire to diversify its assets...
Brazil Plans to Ban Stablecoin Withdrawals to Self-Custody Wallets
Brazil is considering a ban on stablecoin withdrawals to self-custody wallets, according to a recent public consultation notice from the Central Bank of Brazil. The proposed regulation aims to prevent centralized exchanges from allowing...
Trump’s Crypto Business Cuts Fundraise Goal by 90% Amid Poor Sales
Donald Trump's crypto company, World Liberty Financial, has decided to significantly reduce its fundraising goal after facing challenges with the sales of its WLFI tokens. The company had initially aimed to raise $300 million...
Gary Wang Requests No Jail Time in FTX CTO Case
Gary Wang, the former chief technology officer at FTX, has requested to serve no prison time for his involvement in the crypto exchange's 2022 implosion. Wang, who pleaded guilty to four criminal counts in...
Bitfinity Launches New Layer-2 Mainnet Bridging Bitcoin and Ethereum, Raises $12M
Bitfinity Network has recently launched its new Layer-2 mainnet, bringing Bitcoin and Ethereum closer together. The project has successfully raised $12 million, showcasing significant institutional backing and community support. The main goal of the...