Jesse Powell, co-founder of the cryptocurrency exchange Kraken, is facing an uphill battle as he confronts the co-op board of a distinguished San Francisco apartment complex. His recent lawsuit exposes a tangled web of discrimination claims, alleging that the board’s refusals were triggered not by legitimate financial concerns but by biases against his digital currency
Crypto
In a recent essay, Arthur Hayes, the co-founder of BitMEX, presents a scathing critique of the proposed idea for a U.S. Bitcoin reserve. He characterizes this initiative as a politically motivated maneuver that lacks practical grounding. Hayes articulates a central argument: while Bitcoin is often touted as a sound and resilient store of value, its
Cryptocurrency markets are in a perpetual state of flux, influenced by speculative sentiment, regulatory updates, and global economic trends. Recently, statements from influential figures like Eric Trump have stirred discussions around Bitcoin (BTC) amidst an environment characterized by both bullish aspirations and bearish realities. On January 6th, Eric Trump took to social media platform X,
Ethereum (ETH), the second largest cryptocurrency by market capitalization, is facing significant challenges as it struggles to maintain a price above $2,800. Over the past month, the asset has seen a worrying decline of about 24%. This downturn has led to mixed reactions among analysts and investors. While the broader cryptocurrency market has experienced some
On February 4, 2024, Ripple’s chief technology officer, David Schwartz, disclosed that the XRP Ledger (XRPL) experienced a rare and concerning one-hour outage, halting block production at ledger height 93927173. During this period, validators were unable to publish validations, leading to significant disruptions in the network’s functionality. While the exact cause of this downtime remains
The Thailand Securities and Exchange Commission (SEC) is on the brink of a significant evolution in its capital markets landscape through the advent of a Distributed Ledger Technology (DLT)-based debt instrument trading system. This initiative is primarily designed to facilitate the transition of traditional securities firms toward adopting digital token trading, thereby modernizing the investment
In recent weeks, the Commodity Futures Trading Commission (CFTC) has thrust two key players, Crypto.com and Kalshi, into the spotlight due to concerns surrounding their event contracts related to the Super Bowl. The CFTC, given its mandate to oversee and regulate financial products, is investigating how these contracts align with existing derivatives compliance requirements. This
The recent charges filed against 22-year-old Canadian Andean Medjedovic have unveiled a sprawling cyber heist that may have far-reaching implications for the burgeoning world of decentralized finance (DeFi). Allegations suggest that Medjedovic stole around $65 million from two prominent DeFi protocols, Indexed Finance and KyberSwap, between 2021 and 2023. The U.S. Department of Justice (DOJ)
Pi Network, a cryptocurrency initiative that was launched nearly six years ago, has recently encountered a mixture of optimism and skepticism as it continues to expand its user base. With over 100 million downloads as of December last year, the project has discovered a particularly enthusiastic following in Asia, with countries such as South Korea,
Bitcoin’s price movements have mirrored a rollercoaster ride recently, showcasing the cryptocurrency’s infamous volatility. This past Monday was particularly dramatic, as Bitcoin plummeted by an astonishing $10,000 before swiftly regaining almost all its losses, only to lose momentum later. Such unpredictability is often a defining characteristic of the crypto market, and Bitcoin, being the flagship
