CoingeckoNews

Elon Musk’s setback in Delaware creates an opportunity for Srinivasan’s Ethereum and Solana DAO proposal, as reported by Mehab Qureshi and Ben.

Emma8 months ago03 mins

Following Elon Musk’s legal challenges in Delaware, Balaji Srinivasan has proposed Decentralized Autonomous Organizations (DAOs) as viable alternatives for companies considering incorporation on both the Ethereum and Solana blockchains. What Happened: This coincides with Musk sharing an opinion piece from the Wall Street Journal titled “Delaware Is Trying Hard To Drive Away Corporations.” Now, Srinivasan…

Breaking news: FTX intends to fully reimburse customer funds and cancels its plans for a relaunch.

Emma8 months ago02 mins

summary The platform’s priority is now to fully reimburse its customers’ funds. FTX has scrapped its exchange reboot plan due to insufficient capital. FTT tokens experienced a 35% decline as whales began selling them in response to the platform’s disclosure. FTX, a bankrupt crypto exchange, has scrapped its plans to relaunch as FTX.com and opted…

A co-founder of Ripple detects an “unauthorized access” to his account and experiences a loss of 213 million XRP.

Emma8 months ago02 mins

ZachXBT disclosed an incident involving Ripple, which led to the unauthorized acquisition of 213 million XRPs. Following ZachXBT’s report on the hack, XRP, trading at $0.4976 at the time, experienced a decline of over 5%. After ZachXBT’s disclosure of the hack, XRP, which was trading at $0.4976, witnessed a decrease of more than 5%. In…

Families and former hostages have initiated legal action against Binance and Changpeng Zhao, accusing them of allegedly offering significant support to Hamas terrorists.

Emma8 months ago02 mins

Three families affected by the October 7 Hamas attack in Israel have started legal proceedings against the cryptocurrency exchange Binance and its former CEO Changpeng Zhao. What occurred: The families, including former hostages, relatives of victims, and the estate of a deceased doctor, have filed a lawsuit under the U.S. Anti-Terrorism Act. The lawsuit, submitted…

Traders engaged in the rapid buying and selling of another cryptocurrency labeled ‘JUP’ amidst the $700M Jupiter airdrop.

Emma8 months ago04 mins

Certain traders might have speculated incorrectly on the token’s price, while a 17-year-old trader asserts to have earned $1 million from airdrops of the authentic Jupiter token. A defunct Ethereum-based protocol with a similar ticker to the Solana-based Jupiter’s “JUP” briefly surged over 430% in response to the $700 million airdrop announcement. However, its price…

Apple has imposed restrictions on this particular Bitcoin exchange, preventing its operation on the platform.

Emma8 months ago02 mins

The Bitget exchange application has been removed from the Apple Store by Apple. Apple, a prominent American technology giant, has delivered unfortunate news to Bitget, a major cryptocurrency exchange. As of now, Apple has made the decision to remove the Bitget exchange application from the Apple Store. Bitget, in its statement, expressed anticipation for the…

CBN Pumps $500 Million to Address Forex Backlog and Strengthen Naira

Emma8 months ago04 mins

summary The injection of $500 million by the CBN aims to stabilize the Naira and stimulate economic growth. Tinubu’s policy adjustment to redirect oil revenue improves financial transparency. The CBN’s strategic reforms focus on ensuring stability and growth in the forex market. The Central Bank of Nigeria (CBN) has announced a substantial injection of $500…

‘Rich Dad Poor Dad’ Author Kiyosaki Clarifies His Bitcoin (BTC) Ownership Reason

Emma8 months ago02 mins

Robert Kiyosaki, bestselling author, reveals his reasons for placing a significant bet on Bitcoin, seeing it as the ultimate defense against wealth erosion. Robert Kiyosaki, author of “Rich Dad Poor Dad,” has revealed his reasons for a substantial investment in Bitcoin (BTC), considering it as a key defense against wealth erosion by traditional financial institutions….

According to the founders of Glassnode, the liquidation of short positions totaling $1 billion has the potential to drive Bitcoin (BTC) prices higher.

Emma8 months ago8 months ago02 mins

The co-founders of Glassnode, Jan Happel and Yann Allemann, believe that Bitcoin’s recent upward movement could initiate a ″orrowed an asset at a lower price are compelled to buy it back at a higher price due to changing market dynamics, further fueling upward momentum. “‘Liquidity is KEY.’ 1. Bitcoin Evaluation: Bitcoin soared to $42,200, bolstering…

China plans to implement updated anti-money laundering (AML) regulations for cryptocurrencies by the year 2025.

Emma8 months ago02 mins

China is preparing to introduce significant amendments to its Anti-Money Laundering (AML) regulations to encompass cryptocurrency-related transactions, reflecting calls for increased oversight of the burgeoning crypto industry. Prime Minister Li Qiang chaired an executive meeting of the State Council on Jan. 22 to discuss the revised AML law, which is expected to be signed into…