Crypto news

Maximiliano Pilipis, a 53-year-old former resident of Noblesville, Indiana, has been indicted by a federal grand jury on five counts of money laundering and two counts of failing to file a tax return. The indictment alleges that Pilipis laundered substantial funds, including proceeds from Silk Road, through his operation of an unlicensed virtual currency exchange called AurumXchange. Laundering Silk Road Proceeds Court documents revealed that Pilipis launched AurumXchange in...

Bitcoin’s price seems to be on the verge of achieving a new all-time high in a massive rally leading up to the US Presidential elections. The price managed to get as high as $73,600, which is less than $200 away from a new peak. Source: TradingViewThis has caused considerable turmoil in the derivatives market, leaving over $110 million worth of short positions underwater. At the time of this writing, the price has now retraced below $73,000, trading at an increase of over...

[PRESS RELEASE – New York, United States of America, October 29th, 2024] Student Coin, an educational crypto project established in 2019, has initiated a structured token redemption process following the decision to wind down its primary operations. This move aims to protect the interests of STC token holders as the team transitions its focus towards new ventures. Originally launched by undergraduates from Kozminski University in Warsaw, Poland, Student Coin began as a...

[PRESS RELEASE – Whitefish, Montana, October 29th, 2024] ARQ Securities is pleased to announce it has received its Digital Alternative Trading System (ARQ Securities ATS) and is launching the platform on Liquidity.io [today October 29th, 2024]. Liquidity.io is a cutting-edge platform designed to revolutionize the trading and settlement of private credit and private stock for accredited and institutional investors. It took nearly three years of extensive software development...

[PRESS RELEASE – London, UK, October 29th, 2024] The funding will support network growth in KRNL Labs’ quest to build the node package manager for decentralized computing KRNL Labs is pleased to announce a $1.7 million pre-seed funding round to build the largest open, multichain software registry in Web3. The round was backed by notable investors including TRGC, Superscrypt, Ryze Labs, Builder Capital, Blockchain Founders Fund, WAGMi Ventures, STIX, YAP Capital, and several...

[PRESS RELEASE – Dubai, UAE, October 29th, 2024] PAID Network ($PAID), a leading decentralized token crowdfunding platform, is thrilled to announce the launch of an exclusive Low FDV Community Offering (LCO) for Blast Royale, a Tier 1 blockchain game backed by industry giants such as DragonFly Capital, Mechanism Capital, and Animoca Brands. With over 1 million app downloads, 30,000+ daily active users, and a vibrant community exceeding 220,000 members, Blast Royale aims to...

[PRESS RELEASE – Singapore, Singapore, October 29th, 2024] Foresight Ventures, the leading investment firm specializing in Web3 projects, today announced a strategic partnership with Deep Blue, a newly launched Jersey-based stablecoin issuer and Arta TechFin Corporation Limited (Arta TechFin, HKSE: 0279), a Hong Kong listed company via its subsidiaries operating regulated financial institutions and leading blockchain developments. The alliance aims to drive innovation and...

Japan’s investment firm Metaplanet has increased its Bitcoin (BTC) holdings to over 1,000. This follows a recent purchase of 156.7 BTC for approximately 1.6 billion yen, or about $10.4 million. Metaplanet Shares Surge 7.18% Following Purchase The acquisition, announced on Monday in an X post, brings Metaplanet’s total Bitcoin reserves to 1,018 BTC, valued at an estimated $68.8 million. From July 1 to September 30, the firm also reported a BTC yield of 41.7%, which accelerated...

FTX has agreed to settle its lawsuit against Bybit, its executives, and investment arm Mirana, securing an expected $228 million to aid in repaying creditors. This recovered amount is expected to help the bankrupt exchange repay its creditors. FTX-Bybit: Closure in Sight The deal, outlined in an Oct. 24 court filing, brings closure to a 2023 lawsuit initiated by the FTX estate, which aimed to recover assets for former customers and creditors of the bankrupt exchange. The...

One thing that Telegram mini-games proved is that crypto adoption doesn’t necessarily start by pushing complex technologies and burdensome onboarding processes that considerably hinder user experience. With just a few mechanics and clear in-game economies and rewards, Telegram-based crypto games made headlines throughout 2024, creating a fuss on social media and contributing a large chunk of growth to Telegram’s user base. All of this is thanks to The Open Network (TON), one...