The two largest creditors of Mt.Gox, a cryptocurrency exchange that collapsed due to a hack in 2014, have decided to receive most of their losses in bitcoin, CoinDesk reported, citing people familiar with the matter. The Mt.Gox website appeared in 2006. It was a fantasy game developed by Jed McCaleb, who later co-founded Ripple and...
A US regulator has sued blockchain platform Terraform Labs and its founder Do Kwon, alleging they raised billions of dollars from investors by selling securities to them under the guise of cryptocurrencies. The US Securities and Exchange Commission (SEC) has accused Terraform Labs and its founder Do Kwon of running a multi-billion dollar fraud scheme....
The price of Bitcoin has reached a new 2023 high of $25,000 after surging over much of January. The last time Bitcoin’s price was around $25,000 was around mid-June, on its way down to between $19,000 and $21,000, where it then hovered for several months, according to data from CoinGecko. The price of BTC then...
The price of the Floki token (FLOKI) rose by 46% after the head of Tesla and SpaceX, Elon Musk, who remains a supporter of the meme cryptocurrency Dogecoin, published photos of his Shiba Inu named Floki. Floki is a governance token in the ecosystem of the same name, which includes a gaming metaverse, an NFT...
The share of Tether (USDT) in the stablecoin market exceeded 51% for the first time since May 2022. This past weekend, February 11-12, this figure reached 51.07%, and by February 13 it was 51.31%, according to CoinGecko. In second place is USD Coin (USDC) – it occupies 30.64% of the market, Binance USD (BUSD) accounts...
The New York State Department of Financial Services (NYDFS) has ordered Paxos Trust to stop issuing new Binance USD (BUSD) tokens, The Wall Street Journal (WSJ) reports, citing Binance. At the same time, Paxos will continue to manage the redemption of the BUSD token. BUSD is a Binance-branded stablecoin pegged to the US dollar. Paxos...
Ethereum co-founder and crypto entrepreneur Joseph Lubin is confident that Ether ETH won’t be classified as a security in the United States. Cointelegraph spoke with Lubin, Ethereum co-founder and founder of blockchain tech firm ConsenSys, in Tel Aviv at the Web3 event, Building Blocks 23. Asked if ETH could be classed as a security in...
Leading crypto platforms began to send funds to help Turkey, which suffered from a devastating earthquake. Binance, OKX, Gate.io, Huobi, Bybit, Bitget and other crypto exchanges have already announced the allocation of financial assistance. Binance has announced that it will be distributing $100 worth of BNB tokens to all users who live in the regions...
Tesla lost more than USD 140 million last year betting on Bitcoin, according to a filing Monday with the U.S. Securities and Exchange Commission. The electric car maker was hit with a USD 204 million depreciation penalty after receiving USD 64 million for Bitcoin conversions in 2022. In the first quarter of 2021, Tesla invested...
Shares of BIT Mining (BTCM) on the New York Stock Exchange (NYSE) rose 106% from USD 2.11 to USD 4.36 per share after the company announced the release of new LD3 mining devices on Twitter on 10 January. On 17 January, hardware manufacturer BIT Mining announced on its blog that the production of these devices...
