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Celsius to Distribute $127 Million to Creditors in Second Payout

Celsius to Distribute $127 Million to Creditors in Second Payout

The bankruptcy administrator for the lending platform Celsius will distribute assets worth $127 million among eligible creditors as part of the second payout. This is according to a court filing. According to the document, investors will receive compensation in Bitcoin based on cryptocurrency exchange rates as of January 16. For the purpose of determining the […]

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YouTuber Accused of $3.5 Million Meme Coin Fraud

YouTuber Accused of $3.5 Million Meme Coin Fraud

Professional Fortnite player and YouTuber SerpentAU has been implicated in several fraudulent schemes involving the launch of fake meme coins amounting to $3.5 million, according to blockchain researcher ZachXBT.

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Alibaba Unveils AI Model Focused on Reasoning

Alibaba Unveils AI Model Focused on Reasoning

The Chinese company Alibaba has introduced the QwQ-32B-Preview, an AI model “focused on reasoning capabilities.” This experimental development is presented by the AI-focused Qwen team. In its preliminary release, the neural network “demonstrates promising analytical abilities” albeit with some limitations. The QwQ-32B-Preview boasts 32.5 billion parameters, a figure indicative of its problem-solving skills. Alibaba’s AI […]

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Trump's Crypto Priorities Highlighted by 'Crypto Czar' Candidate

Trump’s Crypto Priorities Highlighted by ‘Crypto Czar’ Candidate

Digital assets are a “considerable priority” for Donald Trump’s administration, according to former CFTC Chairman Christopher Giancarlo, who is a candidate for the role of “crypto czar,” reports The Block. “The elected president has meticulously outlined a series of initiatives to transform the U.S. into the crypto capital of the world,” he noted. Giancarlo highlighted […]

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MARA Acquires Bitcoin Worth $618 Million

MARA Acquires Bitcoin Worth $618 Million

The largest publicly traded mining company, MARA Holdings, has acquired 6,474 BTC for approximately $618 million following the issuance of $1 billion in convertible bonds. With our 0% $1 billion convertible notes offering, we are excited to share an update: — Acquired an additional 703 BTC, bringing the total to 6,474 BTC, at an average […]

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Anonymity is not a crime: a legal analysis of the new Tornado Cash ruling

Anonymity is not a crime: a legal analysis of the new Tornado Cash ruling

On November 26, the U.S. Court of Appeals for the Fifth Circuit vacated the sanctions imposed by OFAC on the Tornado Cash cryptocurrency mixer. The opinion is well reasoned—compared with the district court, it shows a deeper and clearer understanding of the project’s structure and how the protocol operates. Moreover, the court addressed a number […]

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Vancouver Mayor Proposes Bitcoin Diversification for City Treasury

Vancouver Mayor Proposes Bitcoin Diversification for City Treasury

Ken Sim, the mayor of Vancouver, Canada, has unveiled a plan to incorporate Bitcoin into the city’s municipal balance sheet. The announcement was made during a council meeting on November 26, as reported.

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Elon Musk's AI Startup to Launch App Following $5 Billion Funding

Elon Musk’s AI Startup to Launch App Following $5 Billion Funding

Elon Musk’s AI startup, xAI, is preparing to release a standalone consumer application, according to WSJ, citing sources. The publication reports that the app will resemble OpenAI’s ChatGPT, allowing users direct access to the AI-based chatbot Grok from personal devices. The application is set to launch following the closure of the next funding round, journalists […]

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Ethereum Nears $3700 Amid Capital Shift from Bitcoin

Ethereum Nears $3700 Amid Capital Shift from Bitcoin

On the night of November 28, Ethereum’s price rose above $3680, outpacing Bitcoin in growth rate. QCP Capital observed signs of capital flowing into altcoins, reports The Block. According to CoinGecko, over the past 24 hours, the leading cryptocurrency increased by 2.5%, while Ethereum rose by 5.1%, XRP by 7.6%, BNB by 5.1%, Cardano by […]

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Tether to Cease Support for EURT

Tether to Cease Support for EURT

Tether will halt support for the euro-pegged stablecoin EURT due to low demand and tightening regulations in the EU. Tether’s decision to delist EURt has not been taken lightly, but until a more risk-averse regulatory framework in Europe is in place—one that fosters innovation, offers the stability and protection our users deserve and avoids potential […]

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Paul Atkins Emerges as Leading Candidate for SEC Chair

Paul Atkins Emerges as Leading Candidate for SEC Chair

Former SEC Commissioner Paul Atkins has emerged as the leading candidate to head the agency under Donald Trump’s administration, according to Eleanor Terrett of FOX Business, citing two sources. ?NEW: Former SEC commissioner Paul Atkins is said to still be the favorite among top transition team members to lead the @SECGov, according to two sources […]

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Collector Secures $2.75 Million Loan Using CryptoPunk as Collateral

Collector Secures $2.75 Million Loan Using CryptoPunk as Collateral

NFT collector Seedphrase secured a $2.75 million loan using CryptoPunk #8348 as collateral. According to the platform, this marks the largest NFT-backed loan in history. ? RECORD-BREAKING NFT LOAN ? The unique 7-trait Punk #8348, owned by @seedphrase, was just used as collateral for a 2,750,000 USDC loan on GONDI. Terms: 180 day | 17% […]

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