The use of sustainable energy in Bitcoin (BTC) mining reached 59.5% globally in Q2 2022, a 6% year-on-year increase from Q2 of last year, the Bitcoin Mining Council (BMC) estimates. This makes Bitcoin...
Tag: Claims
U.S. jobless claims hit 8-month high: what does it mean for stock market?
S&P 500, on Thursday, ended in the green again after the weekly jobless claims hit an eight-month high of 251,000. How does that fit into the macro picture? In comparison, the Dow Jones estimate w...
Jobless claims rise again in another sign that labor market is cooling
A man walks past a “Now Hiring” sign in New York City on July 8, 2022. Angela Weiss | AFP | Getty Images Initial jobless claims hit their highest level since mid-November last week, the la...
Source claims 3AC’s Deribit exposure is worth much less than reported
Court documents that describe the insolvency of failed crypto hedge fund Three Arrows Capital, also known as 3AC, may be overestimating the value of the firm’s remaining assets — specifically, its exp...
3AC allegedly liable for $2.8B in creditor claims
According to Twitter user @DrSoldmanGachs, a self-proclaimed creditor of troubled Singaporean crypto hedge fund Three Arrows Capital (3AC), the now-defunct entity allegedly owes $2.8 billion in claims...
Attorney Deaton: SEC Not Suing Jed McCaleb For Selling XRP Shows Its Claims Against Ripple Are “Inconsistent and Illegitimate”
– Advertisement – John Deaton Says Why SEC does not see Jed McCaleb “earning $2.56B from sales of XRP SINCE THE DATE THE LAWSUIT WAS FILED!” Attorney Deaton noted that if the SEC is convin...
Uber Will Pay Over $2 Million To Settle Claims It Overcharged Customers With Disabilities
Topline Uber will pay more than $2 million to settle claims the company violated the Americans with Disabilities Act by charging fees to passengers with disabilities who take longer than two minutes t...
Coinbase Going Through Heavy Financial Hardships Claims Expert
18 seconds ago | 2 mins read Exchange News Since its all-time high of $357, Coinbase’s stock has plummeted by roughly 85%. The business said that the volatility directly influenced its first-quarter e...
Crypto Whistleblower Who Predicted Celsius Downfall Claims Its CEO Lied
According to a crypto investigative journalist, Otterooo, Celsius CEO Alex Mashinsky told a list of lies right before Celsius filed for a Chapter 11 bankruptcy. Citing the Celsius Bankruptcy filings, ...
Newsmax’s Coverage Has Made Dozens Of False Claims, Report Finds—Including Election Fraud
Topline Following the beginning in June of the public hearings by the House committee investigating the Jan. 6 attack on the U.S. Capitol, far-right network Newsmax made approximately 40 false or misl...
In 2022, over half of all financial pyramids involved cryptocurrencies: Bank of Russia Claims
At a time when Russia is surrounded by Western sanctions, it seems that scams have cranked up their activities. Many Russian scams offer access to crypto assets while claiming to be licensed by foreig...
Charles Hoskinson Denies Claims of Cardano (ADA) Being a Security
Altcoin News Hoskinson likened Michael Saylor to Tone Vayes in the current market environment. Cardano founder says ADA offers greater usefulness than Bitcoin does. In response to MicroStrategy CEO Mi...
SEC dismisses claims against John McAfee, fines accomplice for ICO promo
The United States Securities and Exchange Commission (SEC) obtained the final judgment for an initial coin offering (ICO) promotion scheme against late entrepreneur John McAfee and accomplice Jimmy Ga...
XRP Trading Vol Spikes As Court Denies SEC’s Claims
XRP, Ripple’s native token price growth has been hindered by the ongoing lawsuit with U.S SEC. Recent positive rulings by the court in the favor of the blockchain firm have pushed the token to registe...
Circle Claims Stablecoin USDC Fully Backed by Cash Reserves
30 mins ago | 2 mins read Altcoin News The firm no longer has any commercial paper on hand. As of June 30, Circle had $42.1 billion in U.S. government bonds. A detailed analysis of the assets underly...
Circle Claims USDC Stablecoin Is Now Fully Backed by Cash, US Treasuries
Circle, the payments company behind the USDC stablecoin, has released a full asset breakdown of the reserves backing its growing dollar-pegged token. The level of detail provided by Circle in its Thur...
Why VGX surged by 100% despite Voyager’s claims of bankruptcy
In the last few days, VGX, the native token of the troubled crypto brokerage company, Voyager Digital, took on an upward price rally. Surging by over 100% this week, the price uptick came about due to...
JP Morgan Claims Drop In Bitcoin Production Cost Is Negative For BTC Price
The recent crypto winter has affected miners negatively to the extent that many sold off their Bitcoin and other crypto holdings. In addition, many of these miners could not even pay their loans since...
Celsius Claims to be Mostly Solvent – Trustnodes
Celsius, the centralized crypto asset investment management platform, claims to have $4.3 billion out of the $5.5 billion owed to creditors. Alex Mashinsky, the Chief Executive Officer of the Celsius ...
Weekly Jobless Claims Hit New High For 2022
Topline New applications for unemployment benefits hit an 8-month high last week, though overall jobless claims remain low, according to a report released by the Labor Department on Thursday, as some ...
Aretha Franklin Estate Settles IRS Tax Claims
Aretha Franklin, the Queen of Soul, died in 2018 without a will. She was one more in a long line of celebrities that are very successful but that neglect how important estate planning can be. Her heir...
Bitcoin Value Has Not Decreased Despite Decline, Claims MicroStrategy CEO – Coinpedia – Fintech & Cryptocurreny News Media
Despite a dreadful CPI report, Saylor has insisted that MicroStrategy is adopting a long-term strategy with regard to its Bitcoin assets in response to market volatility. Saylor also claimed that his ...
How NFTs Forecasted Crypto Recovery, Nansen Report Claims
Crypto research firm Nansen published a report shared with NewsBTC, on non-fungible tokens (NFTs) and their performance amid the persistent bearish trend across the industry. NFTs have been a hot sect...
Ripple Claims First Winning Against SEC
2 hours ago | 2 mins read Editors News Defense lawyer James Filan won the attorney-client privilege argument. SEC regulator only has two weeks to submit the appeal. The Securities and Exchange Commis...
Zac Prince Confronts Claims Comparing BlockFi to Celsius and Voyager
Crypto-focused hedge fund Pantera Capital (PC) published a blockchain letter titled “DeFi Worked Great” on Monday, arguing against a report titled “DeFi Has an Existential Problem” by Wall Street Jour...
BlockFi Claims To Windup All Its GBTC Position! GBTC Drops By 5%
Since Terra (LUNC) crashed in May 2022, the crypto lenders have been striving to cope with the losses and manage the liquidity issues. Yesterday, July 12, BlockFi, a crypto lender, claimed that Graysc...
Ripple Scores Significant Win as Judge Denies SEC’s Attorney-Client Privilege Claims
Alex Dovbnya The court has rejected the SEC’s argument that the attorney-client privilege protects production of documents related to William Hinman’s speech Magistrate Judge Sarah Netburn has rejecte...
Volumes surge 205% in Axie revival as co-founder claims project is ‘healing’
Interest in Axie Infinity appears to be picking up again The game is in early access mode ahead of an eventual global launch The game enables users to collect, trade and battle each other with their...
Binance Bypassed US-Led Sanctions on Iran for Years, Report Claims
Binance, the largest crypto exchange by volume, reportedly allowed users in Iran to trade in contravention of U.S. sanctions, a Reuters investigation alleges. The report found that the exchange might ...
SEC’s Latest Response Is Not In Favor Of Public, Claims Ripple
It appears as if the Ripple vs. SEC lawsuit is a never-ending battle. In a recent update, SEC has now requested to keep its reaction towards the amici motion, which is related to the Dauber challenge,...
Volumes surge 205% in Axie revival as co-founder claims project is ‘healing’
Play-to-earn (P2E) Metaverse game Axie Infinity appears to be on the mend, with its NFT sales volume pumping 205% over the past seven days. The project’s co-founder Jeff Zirlin echoed such sentiments ...