Abdulkarim Abdulwahab
FTX Sells Off AI Startup Shares for $450M Amid $700M Bankruptcy Cost
The FTX liquidates the final 15M Anthropic shares at $450 million. FTX’s total earnings from Anthropic shares now hit $1.3B with $800M profit. FTX’s bankruptcy legal and administrative fees reportedly...
China, UAE Vow to Crack Down on Crypto-Enabled Crime in Joint Statement
China and UAE pledged to fortify the battle against crypto-related cybercrime. In a joint statement, they highlighted telecom fraud and online gambling as areas of mutual concern. In addition to...
Bitcoin Dips Below $70K as Mt. Gox Repayments Begin, But QCP Capital Bullish on Ethereum
QCP Capital, a leading digital asset trading firm and market maker, has issued a bearish forecast for Bitcoin amid the top cryptocurrency’s recent drop to $67,601. The firm anticipates a...
Hong Kong’s Crypto Crackdown? 11 Exchanges Get Nod, But Big Names Skip Out
Hong Kong’s Securities and Futures Commission (SFC) has announced that 11 virtual asset trading platforms (VATPs) are poised to receive official licenses, a year after the city introduced new regulations...
Bybit Pulls Out of Hong Kong as Regulatory Hurdles Mount for Crypto Industry
Bybit, a leading Virtual Asset Trading Platform (VATP), has withdrawn its application for a license to operate in Hong Kong, joining a growing list of international platforms unable to secure...
The Fall of CZ: Binance Founder Begins Prison Sentence
Changpeng Zhao (CZ), the billionaire founder of Binance, has begun a four-month prison sentence at a low-security federal facility in Lompoc, California. Latham & Watkins, Zhao’s defense team, confirmed the...
BlackFort and anyloc XR Studio Forge Blockchain Partnership for the Film Industry
In a groundbreaking move, BlackFort, a trailblazer in blockchain technology, has joined forces with the acclaimed anyloc XR Studio, a luminary in the German film industry, to spearhead research and...
The Block Size War: Ethereum Founder Shares His Hot Take on Bitcoin’s Infamous Feud
In a blog post, Ethereum founder Vitalik Buterin shared his take on the infamous Bitcoin block size war, a heated debate that tore apart the Bitcoin community in the 2010s....
Bitcoin Whales Accumulate as Price Hovers Near $68K, Mirroring 2020 Pattern
Bitcoin has settled around the $68K price level for the past few days after the earlier aggressive bull rally that surged the price to $71K. The premier crypto reawakened bullish...
Bitget Announces Six-Day BWB Token Sale on Its Exclusive Launchpad
Bitget, a global leader in the digital asset exchange and Web3 space, has unveiled the launch of its Bitget Wallet’s BWB token on the Bitget Launchpad. The token sale is...
MtGox Repayment Plan Finally Activated, New Notice Confirms Amid $9B BTC Movement
In a recent announcement, the Rehabilitation Trustee of the defunct MtGox crypto exchange outlined preparations to repay users as part of the approved Rehabilitation Plan. According to the notification, claimants...
Ripple’s One-Minute Crypto Lesson: How Tokenization Could Change Everything
In a recent episode of Ripple’s “Crypto in One Minute” series, the company’s CTO, David Schwartz, unpacked the transformative potential of tokenizing traditional assets with blockchain technology. Schwartz began by...
KuCoin Lists Gaming-Focused Project MON Protocol (MON) with $28,000 Giveaway
KuCoin, a prominent global cryptocurrency exchange, has formally announced its support for MON Protocol (MON), an emerging digital currency initiative focused on gaming. The endorsement was made public via KuCoin’s...
Crypto Week Ahead: Solana’s Big Fix, Ethereum Classic Halving, and More
This week, the cryptocurrency market is poised for a series of key developments, including significant network upgrades, new listings, the introduction of crypto ETPs on the London Stock Exchange, and...
BTC Maxi Michael Saylor Says Ethereum ETF Approval “Is Good for” Bitcoin
Michael Saylor views the SEC’s approval of Ethereum ETFs as advantageous for Bitcoin’s political strength and industry support. Saylor anticipates the move will hasten institutional adoption, with Bitcoin dominating the...
Coinbase and SEC Reach Fresh Agreement on Document Handling: Details
Coinbase and SEC submitted a joint Stipulation and Proposed Protective Order to the court. The agreement includes provisions for resolving disputes and handling inadvertent sharing of protected information. Coinbase has...
Abu Dhabi Cracks Down on Crypto Mining in Farms, Levies Heavy Fines
Abu Dhabi bans crypto mining on farms, citing misuse of agricultural land. Violators of the new regulation in Abu Dhabi face penalties of up to Dh10,000. Venezuela disconnects crypto mines...
Ethereum’s Muted Response to ETF Approval: A Calm Before the Storm?
The market value of Ethereum (ETH) registered only a modest uptick over the last 24 hours despite the SEC approval of eight spot Ethereum ETFs. At the last check, Ethereum...
Ethereum’s Pectra Upgrade: Stakes Raised for Validators, Smart Contracts Get Smarter
Ethereum core developers are targeting the launch of the Pectra upgrade by the end of the first quarter of 2025. This upgrade encompasses the EVM Object Format (EOF), a suite...
Optimism, dYdX Lead Major Crypto Token Unlocks, Markets on Watch
The cryptocurrency market is bracing for a potential influx of tokens worth over $376 million from at least five prominent projects, including Optimism and dYdX exchange, in the coming weeks....
Crypto Update: Meme Coins Steal Spotlight as Bitcoin Reaches $71K
The meme coin landscape is once again leading the narrative as the crypto market enters the second phase of the bull cycle. With Bitcoin returning to the $71K range, some...
Vitalik Buterin Doubles Down on Privacy with Repeat Railgun Transfers
Ethereum co-founder Vitalik Buterin has been spotted depositing approximately $300,000 to the renowned privacy-based protocol Railgun. According to data from the market intelligence platform Arkham, Buterin transferred 80 ETH tokens...
Pelosi Eyes Support for Controversial Crypto Legislation Amid Democratic Opposition
Former Speaker of the House Nancy Pelosi is reportedly contemplating support for a Republican-led crypto bill. The bill in question is the Financial Innovation and Technology for the 21st Century...
From FTX Bahamas CEO to Potential Prison Inmate
In the wake of the FTX crypto empire’s collapse, U.S. prosecutors are seeking a 5- to 7-year prison sentence for former executive Ryan Salame. Salame has pleaded guilty to his...
$2 Billion Settlement for New Yorkers in Genesis Crypto Case
In a landmark victory for defrauded investors, New York Attorney General Letitia James has announced a $2 billion settlement with the bankrupt cryptocurrency firm Genesis Global Capital and its subsidiaries....
