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Wintermute Raises Concerns Over Near’s Decision to Exit $11.2M Stablecoin Redemption Agreement
Wintermute CEO Evgeny Gaevoy has claimed that the NEAR Foundation and Aurora Labs defaulted on an initial agreement to convert $11.2 million worth of USN stablecoins. The stall of a potential resolution may lead to legal action. Deep Insights Into... -
Loss of Private Key Leaves LHV Bank Founder Without Access to $473M in Ethereum Stash
Rain Lõhmus, the founder of LHV Bank in Estonia, has been linked to the ownership of 250,000 Ether units stored in an inactive cryptocurrency wallet. However, access to the stored ETH may be unlikely due to the loss of private... -
WeWork Files for Bankruptcy Amid Continued Losses
WeWork has filed for bankruptcy ending the last few days of speculation about its future. The company was perennially loss-making and had a bloated debt pile. In its release, WeWork said that it “has commenced a comprehensive reorganization to strengthen... -
USDT’s Dominance in Brazil, Accusations Against Bukele’s Administration, and a New Venezuelan Crypto Association
In Brazil, the national cryptocurrency market is experiencing a surge in the use of stablecoins such as USDT, USDC, and BRZ, which are tokens tied to the Brazilian real. These stablecoins are rapidly gaining popularity and are now integral to... -
Hong Kong Approves Tokenized Securities in Ongoing Digitalization Drive
Hong Kong's Securities and Futures Commission (SFC) has given the green light on the tokenization of securities and regulated funds. This milestone approval underscores the ongoing efforts of the financial authority to enhance its appeal as a welcoming hub for... -
Apple Reported Mixed Q4 Earnings: Here’s How Wall Street Reacted
Apple (NYSE: AAPL) reported its fiscal Q4 2023 earnings last week and the stock closed marginally lower after the Cupertino-based company reported mixed earnings in the quarter. Here are the key takeaways from the report and how Wall Street reacted... -
SEC Says No to Jury Verdict, Calls for Summary Judgment on Terraform’s Violations
The US Securities and Exchange Commission (SEC) is kicking against a jury's lenient approach toward Terraform Labs' alleged crimes. Making its position known, the SEC is advocating for a summary judgment instead. $45 Billion Lost to Terraform Violations – Jury... -
MicroStrategy’s Bitcoin Holdings Surge to $900 Million as BTC Value Rises
MicroStrategy has acquired an additional 155 bitcoins for $5.3 million, bringing its portfolio of 158,400 BTC to a remarkable paper gain of $900 million. This purchase of crypto assets further reinforces the company's strong belief in the potential of the... -
Taiwanese Authorities Disrupt 324.2 Million USDT Money Laundering Scheme
Taiwan's Criminal Bureau's Electronic Investigation Team has busted a major crypto money laundering operation involving $324.2 million worth of USDT. The successful operation appears to be the East Asia nation's largest crypto-related money laundering ring in Taichung District. Taiwan's Criminal... -
Key Takeaways from Chinese EV Companies’ October Deliveries
Chinese EV companies including NIO, LI Auto, Xpeng Motors, and BYD have released their October delivery reports. Here are the key takeaways from the report. NIO delivered 16,074 cars in October which was 59.8% higher YoY. October was the first...
