Creditors Rejoice As Worldcoin (WLD) Skyrockets 188%, Providing Vital Relief To 3AC And FTX | Bitcoinist.com

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AI crypto, AI cryptocurrencies, AI cryptos, Alameda news, Alameda Research, Artificial Intelligence, Crypto, Crypto News, Cryptocurrency, DeFi, digital currency, Sam Altman, Three Arrows, Three Arrows Capital, Three Arrows Capital (3AC), WLD, WLD news, WLD price, WLD token, WLDUSD, WLDUSDT, Worldcoin, Worldcoin CEO, Worldcoin news, Worldcoin price

In a challenging year for creditors of bankrupt investment firms Three Arrows Capital (3AC) and FTX’s trading arm Alameda Research, a recent surge in Worldcoin (WLD) has provided some solace.  The coin, which is associated with the crypto project co-founded by OpenAI CEO Sam Altman, has seen a significant 188% surge over the past fourteen […]

Japan Embraces Crypto: Investment Funds Given Green Light To Hold Digital Assets | Bitcoinist.com

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According to a Bloomberg report, Japan is progressing towards enabling venture capital firms and other investment funds to hold crypto assets directly. Prime Minister Fumio Kishida’s administration has agreed to submit a revised bill to implement this change, marking a significant development in the country’s approach to cryptocurrencies. Prime Minister Kishida Backs Crypto Integration Per […]

Lack Of Disclosure Costs VanEck Almost $2 Million Fine In SEC’s ETF Investigation | Bitcoinist.com

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In a recent development, VanEck, a registered investment adviser and issuer of Bitcoin Exchange Traded Funds (ETFs), has settled with the US Securities and Exchange Commission (SEC).  The company has agreed to pay a civil penalty of $1.75 million to settle charges related to its failure to disclose the involvement of a social media influencer […]

Whale Doubling Down On Ethereum, Exits Bitcoin Despite Stellar Performance

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On-chain data shows that one whale is rapidly accumulating Ethereum (ETH), selling large amounts of Wrapped Bitcoin (WBTC) via Aave, a popular non-custodial protocol.  Whale Borrows WBTC From Aave, Buys ETH As of February 16, Lookonchain data showed that the whale borrowed 280 Wrapped Bitcoin (WBTC), equivalent to approximately $14.6 million, Aave, one of the leading […]

Digitex Futures Exchange CEO Faces Criminal Charges, Potential 5-Year Sentence | Bitcoinist.com

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Adam Colin Todd, the CEO of Digitex Futures Exchange (DGTX), is facing federal charges for alleged compliance failures, including violating the Bank Secrecy Act, according to an announcement by the US Department of Justice (DOJ).  The charges stem from Todd’s purported failure to establish and implement an anti-money laundering (AML) program at Digitex Futures. The […]

Blockchain Adoption: CitiBank Trials Tokenization Of Private Equity Funds On Avalanche | Bitcoinist.com

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CitiBank, one of the world’s largest banks, has successfully conducted a simulation demonstrating the tokenization of a private equity fund on the Avalanche blockchain network, specifically using Avalanche’s Layer 1 Spruce subnet.  Interestingly, this development has the potential to accelerate the adoption of distributed ledger technology in the financial industry, particularly on Wall Street. Blockchain […]

Bitcoin’s Alleged Ransomware Dominance Alarms SEC Chair Gary Gensler As BTC Price Hits $52,000 | Bitcoinist.com

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In a recent interview with CNBC, Gary Gensler, the US Securities and Exchange Commission (SEC) Chair, reiterated his concerns about the alleged involvement of Bitcoin (BTC) in ransomware attacks.  Bitcoin Disapproval Continues Despite the significant success of Bitcoin exchange-traded funds (ETFs) within just one month of trading, which has played a pivotal role in driving […]

Crypto Gaming Platform PlayDapp Hit By Double Exploits, Losing $290 Million In Massive Breach | Bitcoinist.com

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Crypto gaming platform PlayDapp has been the victim of a series of breaches, resulting in the loss of millions of dollars worth of PLA tokens. Blockchain analytics firm Elliptic has reported that the breaches have led to the theft of PLA tokens valued at $290 million, based on their market value at the time of […]

MicroStrategy Shifts Focus To Bitcoin Development, Amasses $9.5 Billion In BTC Holdings | Bitcoinist.com

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MicroStrategy, the renowned business intelligence firm founded by Bitcoin (BTC) advocate Michael Saylor, has witnessed a significant increase in its holdings as Bitcoin continues to soar to new heights, bolstered by the introduction of Bitcoin spot exchange-traded funds (ETFs).  In a recent interview with CNBC, Saylor delved into the implications of ETFs and shed light […]

Russian Central Bank Identifies Crypto Link In “Almost All” Financial Scams Detected In 2023 | Bitcoinist.com

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The Bank of Russia, in its latest report, revealed a concerning rise in financial scams with crypto-related elements in 2023. The number of entities involved in illegal activities, including financial pyramids, allegedly increased by 15.5% compared to the previous year, reaching 5,735 identified cases. Online Scams Skyrocket As Crypto Takes Center Stage The report highlights […]

1 Month In: How Bitcoin ETFs Have Fared Since Their Highly-Anticipated Launch | Bitcoinist.com

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Spot Bitcoin ETFs have made a notable impact in the financial world, attracting significant inflows and driving the price of Bitcoin to its highest level in over two years, currently at $49,900, after briefly touching the $50,200 mark. According to a Bloomberg report, these ETFs have achieved “unparalleled success” in trading measures, attracting billions of […]

Dark Twist In Digital Currency Group Case: NYAG Pursues $3 Billion Restitution | Bitcoinist.com

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New York Attorney General Letitia James has expanded the state’s lawsuit against Digital Currency Group (DCG) and tripled the estimated size of alleged fraud to more than $3 billion.  Digital Currency Group Accused Of Defrauding Investors The amended complaint, filed by Attorney General James, accuses Digital Currency Group, DCG’s CEO Barry Silbert, and the bankrupt […]