Cryptocurrency Analysis and News Portal
With more than a month left before the end of 2023, the United States crypto industry has already spent $20 million on lobbying efforts. In the last year, the total sum stood at $22.2 million.According to a CoinGecko report published on Nov. 14, the U.S. crypto lobby has spent $20.19 million
Read More
As the U.S. House of Representatives weighs legislation on next year's spending, a provision was added on Wednesday that would deprive funding from U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto businesses. Original Source
Read More
Sam “SBF” Bankman-Fried, the founder of cryptocurrency exchange FTX, claims that spending clients’ fiat deposits was just part of “risk management” for his intertwined crypto hedge fund Alameda Research.During the former crypto executive's court testimony on October 31, prosecutor Danielle Sassoon of the Southern District of New York asked SBF
Read More
Former FTX’s head of engineering Nishad Singh spills the beans over reckless expenditure of customers’ funds by Sam Bankman-Fried. He also admits to being part of these crimes. During his trial at the Manhattan Federal court on Monday, October 16, FTX chief of engineering Nishad Singh disclosed the reckless spending
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. Senate has approved the 2024 National Defense Authorization Act (NDAA). The bill included a provision to strengthen regulatory scrutiny of financial institutions involved in crypto trading, particularly mixers and anonymity-enhancing tokens, focusing on
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied US economics professor Eswar Prasad has said that governments can program central bank digital currencies (CBDCs) to restrict purchases made by citizens. Speaking at a June World Economic Forum (WEF) event, Cornell University professor Eswar Prasad opined
Read More
Bitcoin (BTC) long-term holders are coming back to life as BTC price increases, the latest analysis confirms.In a tweet on July 13, Philip Swift, creator of on-chain data resource LookIntoBitcoin, revealed classic bull market behavior among “older” BTC investors.Value Days Destroyed Multiple prints BTC price bull signal Bitcoin’s current price cycle
Read More
According to a June 27 report by local news outlet Foresight News, Web3 firms in Hong Kong are spending anywhere between 20 million to 200 million Hong Kong dollars ($2.55 million to $25.5 million) for the acquisition of a Virtual Asset Licensing Regime (VASP) licenses. Sources explained:"Since traditional financial institutions
Read More
Walmart “leveraged expenses and expanded operating margin” in Q1 2023 and now expects a 3.5% increase in consolidated net sales for the year. Walmart Inc (NYSE: WMT) has raised its 2023 full-year guidance following its stellar Q1 earnings report. On Thursday, the multinational retail corporation reported better-than-expected revenue, which was boosted by grocery and
Read More
Bosworth heads the Meta Platforms unit that handles the company’s metaverse initiative and according to the veteran, the AI product being developed will help reshape this yet-to-be-launched technology in remarkable ways. Andrew Bosworth, the Chief Technology Officer of Meta Platforms Inc (NASDAQ: META) has revealed in a recent interview that the
Read More