Crypto news

Grayscale and the Securities and Exchange Commission (SEC) have presented their first oral arguments in court regarding the approval/ denial of a Bitcoin a spot ETF product in the United States.  During the hearing, judges pressed the SEC on its justification for simultaneously approving multiple Bitcoin Futures ETFs, while denying an equivalent spot ETF. Spot VS Futures: Which Leads Which? Before the United States Court of Appeals for the DC Circuit, the SEC maintained the...

A new study by digital asset data provider Kaiko has found that Silvergate’s decision to shut down its instant payments network will likely boost stablecoin adoption among investors in crypto trading. Last week, Silvergate Capital announced the closure of its payments network, SEN, which crypto exchanges and investors used to move large amounts of U.S. dollars. The decision came after the crypto-friendly bank revealed in a regulatory filing that it could soon be “less than...

[PRESS RELEASE – Please Read Disclaimer] Since MEXC Global announced it was slashing maker and taker fees on the platform, the exchange has seen renewed growth, mirroring the positive turnaround seen in the wider cryptocurrency market. The fees to trade spot and futures markets on MEXC Global have both dropped to zero for maker fees, and 0.02% for futures taker fees, representing some of the lowest and most competitive rates worldwide for crypto investors. “This is great...

Lynk, the SocialFi platform building a decentralised online community to accelerate the development of the Web3 economy, has achieved a resounding success with its latest NFT collection, Finder. The collection, consisting of 200 unique Finder NFTs, was sold out in less than a day, a testament to the dedication and support of Lynk’s growing community of supporters and fans. The Finder NFT collection is a breath of fresh air in the rapidly growing NFT market, offering a...

The hacker of the DeFi project – Uranium Finance – started moving 2,250 ETH, worth approximately $3.35 million, in stolen funds into the popular coin mixer, TornadoCash. The movement of funds from the wallet was detected by the blockchain security firm, PeckShield, on March 7th. Data from Etherscan reveals that the hacker transferred the funds over a time frame of seven hours in transactions ranging from 1 ETH to 100 ETH. In addition to this, another Ethereum wallet tied to...

Australian computer scientist Craig Wright has found himself on the losing end of a bitcoin-related copyright case. It has been decided by a U.K. judge that the file format of the bitcoin blockchain project can’t be protected by any form of copyright law. Craig Wright Holds a Losing Torch Wright has been at the center of controversy in the crypto space for several years. Not long ago, Wright made the claim that he is Satoshi Nakamoto, the pseudonymous creator of the...

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[PRESS RELEASE – Please Read Disclaimer] Grizzly.fi, a DeFi platform that wants to make DeFi accessible to everyone, has great news for its community!On March 6th, 2023, Grizzly.fi announced a collaboration with some big names in the DeFi world to give away a Tesla Model 3. The giveaway will end on March 20th and was organized to celebrate the release of Grizzly.fi’s new roadmap, which will take place on March 10th. Giving Away a Tesla to Incentivize the DeFi Community...

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Prosecutors and former FTX founder and chief executive Sam Bankman-Fried have reached a deal regarding his future contact with past and current employees of the now defunct exchange. Sam Bankman-Fried Must Follow Strict Communication Rules A letter from defense lawyer Mark Cohen details how Sam Bankman-Fried can and can’t communicate with others as he awaits his October trial at his parents’ home. Granted the judge gives the final seal of approval on the communication...