Cryptocurrency news - Business
Fed rate cuts could be a boon for DeFi and stablecoins — Fidelity
Institutions may be tempted by DeFi products if the Federal Reserve takes the wind out of traditional financial product yields in 2024. An anticipated interest rate cut by the United States Federal Reserve could renew major institutional interest in decentralized finance (DeFi)...
Critics lash out at ‘unsound’ and ‘ahistorical’ spot Bitcoin ETF approval
While the crypto sector celebrated the landmark approval of several spot Bitcoin ETFs, not everyone was pleased by the decision. While the crypto industry celebrated the long-awaited landmark approval of spot Bitcoin BTC $46,048 exchange-traded funds (ETFs) in the United States...
Etherscan acquires Solana block explorer Solscan amid SOL rally
Etherscan said its Solscan acquisition was a “collaborative merging” to help the firm expand its blockchain data services across multiple networks. Etherscan, which operates an explorer for the Ethereum blockchain, is starting the year with new acquisitions related to the Solana...
Hacker offers access to Binance law enforcement request panel, asks $10K in crypto
A user on Breach Forums has offered access to Binance’s law enforcement request panel for the price of $10,000 in either Bitcoin or Monero. A user by the name of “Miembro” posted on Breach Forums on Dec. 14 seeking to sell access to Binance’s law enforcement request panel for a...
Solana phone sales skyrocket as degens scramble for pumped-up BONK
At current prices, the free BONK airdrop for Saga owners stands at $877, making it — at least temporarily — a “phone that pays for itself.” Memecoin hopefuls have been snapping Solana’s crypto phone in droves after a recent price hike for Solana memecoin Bonk (BONK), which has r...
IRS tax bill will swipe creditors of any ‘meaningful recovery,' says FTX
FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill. A proposed $24 billion tax bill from the United State IRS will likely suck up any “meaningful recovery” that was meant for victims of FTX, according to the bankr...
DEBT Box urges judge to toss suit as SEC got case ‘badly wrong’
The SEC initially misled a court to freeze DEBT Box’s assets, which has since been reversed, and the firm cited the incident as grounds to dismiss the suit. DEBT Box and other defendants in a Securities and Exchange Commission lawsuit want the case tossed after the court found t...
FTX users name Mercedes F1 team and MLB in new promo lawsuits
The group of FTX users is taking aim at the Mercedes Formula One team and Major League Baseball for allegedly helping FTX commit fraud by promoting the crypto exchange on its platforms. The Mercedes-AMG Petronas F1 Team and Major League Baseball (MLB) helped FTX perpetrate fraud...
Kraken co-founder slams ‘decel’ SEC, warns others should flee US
Jesse Powell didn’t mince words when he criticized the SEC for suing his exchange, calling it the country’s “top decel.” Kraken co-founder Jesse Powell has lashed out at the Securities and Exchange Commission after it sued his crypto exchange for alleged securities law violation...
OpenSea investor marks down stake in platform by 90%: Report
OpenSea’s co-lead investor, Coatue Management, marked down its investment from $120 million to $13 million. United States tech investment firm Coatue Management has marked down the value of its stake in nonfungible token (NFT) platform OpenSea by 90%. On Nov. 7, The Information...