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The European Union is advancing a strategy to lead in developing virtual worlds, aiming to strengthen EU businesses and lessen reliance on non-EU technological resources. European Union (EU) lawmakers are advocating for the EU to pioneer the development of virtual worlds, aiming to bolster EU businesses and reduce technological dependency on
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This strategic investment, totaling around $65 million, translates to approximately 0.01 percentage point in each bank. The impact on the market was immediate and substantial, with shares of these major banks soaring between 2.43% and 4.73% in the early hours of Thursday. China’s sovereign wealth fund, Central Huijin Investment Ltd, has
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Bankrupt cryptocurrency exchange FTX has restored its customer claims portal, which was previously shut down due to a cyber attack. Claimants can now continue to submit asset claims they held on the exchange before it became insolvent. On September 16, FTX made a statement on X (formerly Twitter), confirming that none
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Grayscale’s legal victory against the Securities and Exchange Commission (SEC) renews optimism for a US Bitcoin exchange-traded fund (ETF), boosting trading, investor sentiment, and overall financial markets. The crypto and wider crypto-related stock markets are relatively firm
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Amid the ongoing legal battle between the United States Securities and Exchange Commission (SEC) and the blockchain company, Ripple, CEO Brad Garlinghouse is strengthening his legal defense. Currently involved in a legal dispute in the United States
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Cryptocurrencies across the board are rallying along with crypto-related stocks after a federal judge ruled that the sale of Ripple’s XRP tokens on exchanges and through algorithms did not violate federal securities laws. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Yuga Labs, creator of Bored Ape Yacht Club and Otherside, is adding prominent gaming professionals to its team, including Mike Seavers as its new CTO, in a strategic move to strengthen and expand its unicorn startup. A
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The Australian government is bolstering its market regulator's digital asset team as part of a “multi-stage approach” aimed at clamping down on crypto and ensuring proper risk disclosures from crypto firms.A Feb. 2 joint statement by Australian Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones explained that the new measures are
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The end of Stronghold's deal with Northern Data will eliminate all profit sharing obligations, which it estimates would have been $10 million-$25 million (depending on the price of bitcoin) until September 2024, according to a statement on Friday. The cash outflow under the previous deal would be about 35% of
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“It’s paramount that Grayscale has the strongest legal minds working on our application to convert GBTC to an ETF, and we are thrilled that Verrilli will join our outstanding legal team," a Grayscale spokesperson said, underlining Verrilli’s long experience before the high court, including major wins defending the Affordable Care
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