Crypto news

Derivatives marketplace Bitget has unveiled the ‘Bitget EmpowerX Fund’ that is designed to boost the platform’s ecosystem development. According to the press release shared with CryptoPotato, the focus will be on seeking investment opportunities in regional exchanges, data analytics firms, media organizations, and other entities that contribute to the growth of its ecosystem. The EmpowerX Fund is set to deploy $100 million in capital, which will be “strategically and...

With less than a month left before Sam Bankman-Fried’s court case is due to begin, DOJ officials have been rushing to put the final touches to their arguments. Since the outcome will be decided by a jury, the DOJ has spent a while formulating questions for members of the jury to ensure that they are as free of bias as possible. Prior Interactions With FTX, Startups, and Fraud Cases Are of Interest According to the document containing the final list of questions for the jury,...

Market depth is an interesting concept to understand, especially for those who are into cryptocurrency trading. In essence, it’s a way to gauge how liquid a certain cryptocurrency is and if its order book is healthy and can consume a certain number of orders. That said, Ripple’s XRP is one of the most traded altcoins on the market, and it boasts a massive daily volume across most of the major cryptocurrency exchanges. Therefore, it’s interesting to take a look at how much...

In the latest twist to the Celsius bankruptcy saga, founder Alex Mashinsky is requesting the court to dismiss the Federal Trade Commission’s (FTC) case against him. Mashinsky Arrested on Multiple Fraud Counts According to a Sept. 11 court motion, Mashinsky’s legal team argued that the FTC’s allegations do not contain the necessary elements to support a claim of fraudulent activity. Celsius, a once-prominent crypto lending platform, filed for bankruptcy amidst challenging...

The pseudonymous X (Twitter) user “Shib Informer” believes that the price of Shiba Inu will go up once investors display a huge appetite for the memecoin.  According to them, such a demand could be triggered by lowering the fees on Shibarium and increasing its utilization. “Shib Informer” thinks that having “really low” transaction fees could attract developments where people could “utilize the ecosystem while having a little impact on their finances.” “I really understand...

Klaytn is expanding its offerings to focus on the tokenization of real-world assets like jewelry and real estate on its blockchain. Klaytn Foundation, the entity responsible for the enterprise blockchain platform Klaytn, has announced its intention to use blockchain technology to drive positive social change. The Foundation aims to improve financial penetration in Asia and other parts of the world by facilitating the development and deployment of new and related projects built on the...

Global cryptocurrency exchange CoinEx has been hacked for at least $29 million, with blockchain sleuths identifying a series of suspicious transactions leaving the firm’s hot wallets. Crypto security platform Cyvers reported the breach on Tuesday, calling on CoinEx to halt all deposits and withdrawals immediately. The hack occurred across three different blockchains, involving a wide variety of tokens. In total, thieves stole $18.12 million in assets on Ethereum, $8.5 million...

There’s a rumor swirling around that the Department of Justice (DOJ) has dropped all charges against Sam Bankman-Fried, the former (disgraced) head of the now defunct crypto exchange FTX, but the agency has put out a statement saying this is not correct. Sam Bankman-Fried Will Have One Charge Against Him Dropped At press time, it appears only one charge has been dropped against Sam Bankman-Fried, and that’s count eight, which details an alleged campaign finance...

Financial giant Franklin Templeton has applied to the SEC for approval to launch a Bitcoin exchange-traded fund (ETF) named the Franklin Bitcoin ETF, with Coinbase as the custodian and trading on the Cboe BZX Exchange. Asset manager Franklin Templeton, a financial giant managing over $1.4 trillion on behalf of its clients, has submitted an application to the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). According to the filed application, the...

Arm’s processors are already playing a significant role in AI workloads, particularly in smartphones. As investors eagerly await the Initial Public Offering (IPO) from Arm Holdings Ltd, the semiconductor industry is basking in the glow of the Artificial Intelligence (AI) boom, exemplified by Nvidia Corp (NASDAQ: NVDA) which has printed a staggering 200% rally this year.  However, a recent report from CNBC highlighted that Arm’s proposition differs significantly from Nvidia’s in terms of...