Author: CryptooTimes
TL;DR The upcoming US presidential elections feature Trump vs. Biden, with Trump leading in recent polls. Charles Hoskinson criticized both nominees but endorsed independent candidate Robert F. Kennedy Jr. for his friendly stance on the digital asset industry. Cardano’s founder believes the pro-crypto vote will be crucial, suggesting that millions of Americans support the sector. ‘Crypto is the Decider’ The US presidential elections are scheduled for November this year and promise to be quite contested. The Republicans’ candidate is the former president Donald Trump, while the Democrats’ nominee is the current political leader of the nation – Joe Biden. Recent…
New York Attorney General Letitia James has secured a $2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, Genesis Asia Pacific, and Genesis Global Holdco. The settlement, which requires bankruptcy court approval, will establish a victims’ fund to compensate over 29,000 New Yorkers who invested more than $1.1 billion through the Gemini Earn program. […] Source link
The FBI claimed it found Incognito Market’s alleged owner, Rui-Siang Lin, by tracking crypto from the dark web drug market to a crypto exchange account allegedly in his name. Source link
As the reaccumulation phase of this cycle stretches on, Litecoin whales have tapped into the spree, refusing to be left out. Data from crypto market intelligence platform IntoTheBlock revealed that LTC’s largest investors accumulated more than 2.75 million litecoins in the past 30 days, indicating significant activity. LItecoin Whales Accumulate 2.7M LTC The tweet by IntoTheBlock disclosed that addresses linked to Litecoin whales recorded their largest daily inflow since February earlier this month. On May 10, the whales moved over 900,000 LTC worth approximately $74.7 million into their wallets. With whales having deposited 2,751,633 LTC in their wallets, the market…
Kraken, a U.S.-based cryptocurrency exchange, insists it will keep USDT listed in European markets as long as regulations regarding stablecoins are not finalized. Mark Greenberg, Global Head of Kraken’s Asset Growth and Management Business, clarified they will “continue to look at all options to offer USDT under the upcoming regime.” Kraken Will Keep Tether’s USDT […] Source link
The digital assets platform soft-launched its controversial Ethereum custody service on May 17 and is targeting a full launch next month. Source link
“The boost from Runes proves short-lived, however, with users’ activity and fees dropping dramatically over the past week or two,” the authors wrote, noting that “this highlights the ongoing challenge faced by bitcoin miners to maintain a sustainable source of revenue in particular in the post halving environment.” Source link
U.S. Bankruptcy Judge Sean Lane approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency lender to return approximately $3 billion in cash and crypto to its creditors. This ruling means that its parent company, Digital Currency Group (DCG), will not recover anything from the bankruptcy proceedings. DCG Left with No Recovery Judge Lane’s ruling comes after overruling an objection from DCG, which argued that the repayment to Genesis’ creditors should be capped at the cryptocurrency prices as of January 2023, the time of the company’s bankruptcy filing. At that time, bitcoin was valued at $21,084. However,…
Gnosis GNO +19.97% DAO is discussing a proposal for a large-scale buyback of its native token.This proposal was put forward by Thanefield Capital — a crypto fund with a vested interest in the Gnosis (GNO) token. It is requesting that the DAO deploys $30 million from its treasury over a six-month period, claiming it will realign the market value of GNO with its intrinsic book value.Thanefield Capital asserted that the current market capitalization of GNO, based on its circulating supply, is undervalued. It contrasted this with Gnosis DAO’s assets, which include $630 million in non-GNO liquid assets and $100 million…
The value of ethereum (ETH), the second-largest cryptocurrency by market capitalization, has increased nearly 18% against the U.S. dollar due to speculation that the U.S. Securities and Exchange Commission (SEC) might approve some spot ether exchange-traded funds (ETFs). Market Buzz Lifts Ethereum to $3,691 On Monday, ethereum (ETH) reached an intraday peak of $3,691 per […] Source link
