Tag: Cryptoslate
Blockchain
Binance CEO says Nigeria is detaining US exec as a control tactic, reveals bribe demands
Binance CEO Richard Teng has called for the release of Tigran Gambaryan, the exchange’s detained executive in Nigeria In an extensive May 7 blog post, Teng said Gambaryan’s detention was
Blockchain
Bitcoin mining difficulty set for sharpest drop since FTX collapse
Quick Take Bitcoin’s mining difficulty is on the brink of its most significant downward adjustment since the FTX collapse in December 2022 Newhedge forecasts a reduction of over 4% on May 9,
Blockchain
Crypto Super PACs raise $102M to support crypto-friendly US candidates
Crypto Super PACs have amassed $102 million in funds ahead of the US elections to advocate for candidates supportive of the industry, according to a report by Public Citizen Approximately $54 million
Blockchain
Fidelity leads with inflows as Bitcoin ETFs capture $217M in one day
Quick Take According to Farside data, the Bitcoin ETFs (Exchange-Traded Funds) in the US witnessed another net inflow day on May 6, reaching $2170 million This massive influx comes just days after
Blockchain
Hightower Advisors, SouthState Bank disclose investments in spot Bitcoin ETFs
Hightower Advisors disclosed a $68 million investment in spot Bitcoin ETFs in a May 6 filing The 13F filing indicates that the firm holds 709,956 shares of Grayscale’s GBTC worth $448 million,
Blockchain
CoinStats launches Degen Plan to enhance trading tools for serious crypto investors
CoinStats, a prominent crypto tracker and portfolio management platform, recently unveiled the Degen Plan — a premium subscription offering tailored for crypto investors seeking enhanced analytics
Blockchain
German central bank president calls for swift adoption of CBDCs to stay competitive.
Joachim Nagel, President of the Deutsche Bundesbank and a member of the ECB, emphasized the urgency for central banks to reassess their business models and swiftly adopt central bank digital
Blockchain
GBTC breaks 16-week outflow streak with $63 million inflow on May 3
Grayscale Bitcoin Trust (GBTC) experienced $630 million in inflows on May 3, Farside data indicates The relevant daily inflows mark the first time since GBTC’s January launch that the fund
Blockchain
Nigeria to remove Naira from P2P trading platforms to curb currency manipulation
The Nigerian government has revealed intentions to delist the national currency, the Naira, from all peer-to-peer (P2P) trading platforms Emomotimi Agama, the Director General of the Nigerian
Blockchain
Custodia recruits distinguished solicitors in Federal Reserve case
Custodia Bank has hired two solicitors to represent it in its case against the US Federal Reserve, Politico reported on May 26 Custodia CEO Caitlin Long confirmed the news and said the two solicitors
Blockchain
Bitwise CIO says regulatory hurdles are a boon for Coinbase amid SEC crackdown on crypto firms
In the wake of the Securities and Exchange Commission’s (SEC) recent crackdown on crypto firms, Bitwise Investments CIO Matt Hougan offered insights suggesting that the regulatory landscape
Blockchain
SEC issues Wells Notice against Robinhood, crypto community calls it ‘scare tactics’
Robinhood’s crypto division received a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4 According to a May 8 filing, the Gary Gensler-led Commission staff had been
