Key Points: FTX seeks to exclude Dubai subsidiary from US bankruptcy proceedings, aiming for a voluntary liquidation process under UAE law. The Dubai branch’s solvent status and lack of prior business...
Category: Tech
Live Tech News Updates.
FTX Seeks Exclusion of Dubai Unit from US Bankruptcy Proceedings
The attorneys claimed that FTX Dubai has a solvent balance sheet. Troubled crypto exchange FTX plans to remove its Dubai subsidiary from ongoing bankruptcy proceedings in the United States, Coindesk r...
Cardano (ADA) Makes Epic Game-Changing Testnet Announcement: Here’s Ultimate Guide
Gamza Khanzadaev Cardano unveils revolutionary testnet to propel ADA to new heights Project Catalyst, renowned as one of the world’s largest decentralized grant funds and the innovation engine o...
Stellar (XLM) And Cardano (ADA) Fail To Impress Next To VC Spectra (SPCT)’s Growth
Stellar (XLM) and Cardano (ADA), the prominent coins that once stood tall, recently suffered from a plunge in the face of VC Spectra’s (SPCT) staggering growth. While investors closely explore the con...
Everything You Need to Know
The concept of staking is now embedded into mainstream crypto culture. In essence, cryptocurrency staking is the process of locking up a certain number of tokens to support the operations of a specifi...
Bankrupt FTX seeks court approval to liquidate solvent Dubai subsidiary
Bankrupt FTX wants the court to remove its Dubai subsidiary from the entities subject to U.S. bankruptcy proceedings, according to an Aug. 2 court filing. FTX revealed that its Dubai subsidiary, licen...
Genesis’ Bankruptcy Mediation Faces Make-Or-Break Deadline
As the digital financial landscape navigates through both success stories and cautionary tales, the ongoing mediation of bankrupt crypto lender Genesis Global Holdco LLC has garnered attention. The la...
Bitfinex 2016 Hack Culprit Caught, Pleads Guilty to Money Laundering
Ilya Lichtenstein pleaded guilty to a conspiracy to launder stolen Bitcoin, originally acquired through the 2016 Bitfinex hack, in a federal court in Washington, D.C. The amount, worth $70 million at ...
Pepecoin Price Rally to $0.0000015? Chart Pattern Signals End of Correction
Published 5 hours ago Amid the July correction in the crypto market, the Frog-themed memecoin Pepe witnessed a significant downfall from the $0.0000019-$0.0000188 resistance zone. In the last three we...
Sam Bankman-Fried Pushes Back Against Witness-Tampering Allegations in New Court Filing Amid Threat of Detention
Indicted former FTX head Sam Bankman-Fried is denying witness-tampering allegations levied against him by federal prosecutors. According to a new court filing, Bankman-Fried’s attorneys say that feder...
Elon Musk’s X To Launch Trading App, Dogecoin To Play A Part?
According to a recent report by Semafor, the company formerly known as Twitter (X) is making waves yet again, as it seeks to transform itself into a financial data giant by building a trading hub with...
Why The XRP Price Dropped Almost 5%, But XRP20 Is Growing
Major cryptocurrencies witnessed a sharp downturn as the crypto market slumped close to 1.5% over the past 24 hours. Bitcoin fell another 1% and is on the cusp of falling below the $29,000 price level...
Chancer’s presale surpasses $1.1 million
Key takeaways Bitcoin continues to trade below $30k, and market experts expect a further downward trend in the short term. Chancer’s presale has surpassed $1.1 million, with more than 21 million token...
Shiba Inu ($SHIB) Witnesses Massive Token Withdrawals, Boosting Its Potential
In a surprising turn of events, a staggering 3.3 trillion tokens of the meme-inspired cryptocurrency Shiba Inu ($SHIB), valued at over $28 million, were withdrawn from centralized cryptocurrency excha...
SEC to Prioritize AI Regulations Over Cryptocurrencies!
The post SEC to Prioritize AI Regulations Over Cryptocurrencies! appeared first on Coinpedia Fintech News SEC Chair Gary Gensler has announced that he will prioritize regulations on artificial intelli...
Sui Mainnet Upgraded To V1.6.3, Introduces Liquidity Staking Function
Key Points: Sui mainnet upgrades to V1.6.3, bringing fixes and optimizations, along with new features like liquidity staking. The liquidity staking function introduced through SIP No. 6 aims to boost ...
SoFi Invest Report Reveals Investor Concerns and Optimism Despite Economic Uncertainty
SoFi Technologies, Inc., a leading digital personal finance company, released its first SoFi Invest Midyear Investor Report, surveying over 3,400 Americans on their investment sentiment and habits dur...
Nintendo Q1 2024 Revenue Jumps amid Eclectic Super Mario Movie Release
Nintendo’s flagship Switch games console series remains a dominant force in the gaming industry. Nintendo Co Ltd (TYO: 7974), the legendary Japanese gaming company has once again proven its prowess by...
Celo Confirms Google Cloud as Validator Partner, Boosting Network Security
The Celo Foundation announces Google Cloud is operating a validator on the Celo network. Google Cloud aims to ensure blockchain security through validation, with this new partnership. cLabs plans to u...
These Coins Were Pumped by Bots Following FTX Listings: Report
FTX seems to be the story that keeps on giving as more and more information gets revealed following the downfall of what was one of the world’s largest crypto empires. Now, a new report indicates that...
Web3’s on-chain contract analysis tool thrills developers, researchers
Bunzz, a Singapore-based web3×LLM tech web3-startup, is thrilled to announce the successful release of “DeCipher“, a revolutionary AI-powered tool designed to transform the process of generating Smart...
FTX’s Dubai Unit Seeks Exclusion From Liquidation
FTX, the bankrupt crypto exchange, has taken legal action by filing a court motion to remove its Dubai unit from the ongoing restructuring proceedings in the United States. Back in February 2022, FTX ...
Edward Kim Transfers CommonWealth Admin Role to Terra Classic (LUNC) L1 Team, Triggering Dispute
The Terra Classic (LUNC) community faces another dispute following Edward Kim’s admin role transfer to the L1 Task Force project manager. In a recent outcome, Edward Kim vacated his administrator role...
Monetate Highlights Trends for Q2 2023 With Product Recommendations-Powered Emails Yielding Highest Gains
DALLAS–(BUSINESS WIRE)–Monetate, the leading personalization platform for delivering better customer experiences, today announced results and key accomplishments for Q2 2023. Responding to the needs o...
Binance CEO Flags Conflict Of Interest On US DOJ Charges News
Crypto News: Following reports of the US Department of Justice potentially imposing fraud charges against crypto exchange Binance, the company’s chief executive officer CZ on Thursday flagged a shocki...
Options implied volatility drops but market still expects turbulence
The implied volatility (IV) for Bitcoin options decreased significantly in July. The IV for Bitcoin options on Aug. 3 is as follows: Expiry Period Percentage 1-Month Expiry 32.73% 3-Month Expiry 37.78...
Shiba Inu Notches New Adoption Record In Anticipation Of Shibarium Launch
Shiba Inu (SHIB) has been garnering attention in recent weeks, with its price showing a good recovery after reaching a yearly low in June. This coincides with the excitement around the upcoming launch...
Binance Names New Deputy Chief Compliance Officer Amid Lawsuits, Regulatory Issues
Binance, the global cryptocurrency exchange, has appointed Kristen Hecht to oversee compliance and Anti-Money Laundering initiatives, a move that comes amid escalating regulatory scrutiny that the exc...
AI boom to beat electricity and PCs, $200B investment by 2025: Goldman Sachs
Artificial intelligence could eventually have a bigger financial impact on the American economy than electricity and personal computers, according to economists at investment banking giant Goldman Sac...
How Coinbase Makes Money Has Shifted Since Its IPO
When Coinbase reports its second-quarter earnings on Thursday, it could mark a significant shift for America’s leading crypto exchange: transaction fees could stop being its top money-maker, supplante...
Bank of America CEO Forecasts US Recession in Early 2024 After Fed Hikes Rates to 22-Year High
The US will most likely head into a slight recession early next year, according to Bank of America Chairman and CEO Brian Moynihan. In a new FOX Business interview, Moynihan says that the Federal Rese...
SHIB Metaverse ‘Go Time’ in Two Weeks, SHIB’s Marcie Jastrow Says
Yuri Molchan Shiba Inu’s Marcie Jastrow reminds readers about SHIB Metaverse coming in two weeks Shiba Inu’s metaverse advisor Marcie Jastrow announced in a tweet today that she will be sp...