South Korean venture capital firm Hashed Ventures is expanding its operations to Abu Dhabi in a new partnership with the region’s global tech ecosystem. Hashed Ventures has entered into a partnership with Hub71 in Abu Dhabi, Edward Hong, the chief platform officer at the VC firm told CryptoNews. The expansion shows Abu Dhabi’s growing status...
Failed crypto exchange FTX is seeking creditors vote on a liquidation plan, to wind-down payments in order to compensate customers. Delaware judge John Dorsey, on Thursday, authorized FTX bankruptcy advisors to begin soliciting creditor votes, aiming to obtain feedback from those who were uninvolved in the repayment plan. Per Bloomberg, FTX would likely offer customers...
The US state of North Carolina, on Wednesday, won majority of votes from the Senate on the bill that seeks to ban central bank digital currencies (CBDCs). The legislation has moved to the Governor’s desk for approval. If signed into law, the state can no longer involve in the Federal Reserve branch’s testing of any...
Congressman Matt Gaetz (R-FL) has proposed a legislation to allow Americans pay their federal income tax using Bitcoin. If passed, the US Secretary of the Treasury would implement a program to allow payment of taxes using Bitcoin. Per official statement, Rep. Gaetz was motivated to propose the bill after attending El Salvador president Nayib Bukele’s...
Bitcoin’s price has climbed back above $60,000 but remains close to a critical support level, causing anxiety among crypto traders. After several days of intense price movements, the market has entered a quieter phase, giving both bullish and bearish traders time to reassess their positions. Market Sentiment and Expert Analysis During this lull, new analyses...
Zeta Markets, a decentralized exchange (DEX) operating on the Solana blockchain, is launching the Token Generation Event (TGE) for its native token, $ZEX. The event marks the launch of $ZEX and the start of an airdrop designed to reward users and incentivize long-term participation in the protocol. The $ZEX token will play a crucial role...
An anonymous Bitcoiner has donated over 8 BTC, equivalent to approximately $500,000, in support of WikiLeaks co-founder Julian Assange’s family as they faced mounting debt from his travel and settlement expenses. Assange, who has recently regained his freedom after a 14-year battle against extradition to the United States, was required to pay $520,000 to the...
Crypto losses due to deepfake crypto scams are set to exceed $25 billion in 2024, more than doubling last year’s losses, according to Bitget. In a June 27th Bitget report, the crypto exchange noted a 245% increase in the number of deep fakes worldwide in 2024, drawing from earlier Sumsub research data. Countries such as...
On the downside, immediate support is positioned at $60,620, with further support at $59,670 and $58,630, marking critical levels for potential declines. The Relative Strength Index (RSI) at 45 indicates neutral market conditions, while the 50-day Exponential Moving Average (EMA) at $61,960 provides a key resistance level. The technical outlook suggests that Bitcoin remains bearish...
The United States Supreme Court dealt the Securities and Exchange Commission (SEC) a massive blow regarding securities law enforcement Thursday in a new ruling that sees the federal regulator stripped of its controversial appointment of in-house judges during fraud proceedings. Supreme Court Votes To Change SEC Legal Proceedings In Fraud Cases In a 6-3 vote,...