Ride the Crypto Wave
The period from February 10 to 17, 18 projects attracted investments totaling $133.2 million. In particular, during the week the following projects received funding: $25 mln – MetaStreet. The project raised funds and announced the launch of a game called ASCEND. The team stated that the new game “will open…
On February 16, 2024, another hearing was held in the Crypto Open Patent Alliance (COPA) case against programmer Craig Wright. The defendant’s sister and two other witnesses spoke at the hearing. Danielle DeMorgan said that she saw Wright walking in the park at the age of 18 wearing a ninja…
VanEck has filed an updated application for its spot Ethereum-ETF on Form S-1A with the SEC. Just had @vaneck_us submit an updated S-1A for their spot #Ethereum ETF filing. pic.twitter.com/eHn3iCYuQu The investment firm originally filed the paperwork to register the investment product in 2021. VanEck also filed a Form 19b-4…
Creditors of failed cryptocurrency exchange FTX have filed a class action lawsuit against law firm Sullivan and Cromwell (S&C). It is overseeing the company’s bankruptcy proceedings. Clients believe that the lawyers are involved in fraudulent schemes, FTX. The claimants cite Sullivan and Cromwell’s connection to the exchange, which was formed…
The National Commission of Banks and Securities of Honduras (CNBS) has banned the storage and transaction of crypto-assets. The statement said blockchain technology is prone to fraud, operational and legal risks. Users of crypto-assets could face a sudden halt in accepting and disbursing funds at any time, CNBS officials said.…
Ethiopia is investing $250 million to create infrastructure for bitcoin mining and training in AI technologies. To this end, the country’s government has signed an agreement with Data Center Service. The funding will be provided by state-owned firm Ethiopian Investment Holdings. The team of Data Center Service, a subsidiary of…
On February 15, 2024, the Aptos Foundation team entered into a partnership agreement with technology firm Jambo. It aims to expand access to Web3 in emerging markets. 2/ Priced at $99, the JamboPhone comes pre-equipped with @PetraWallet & the JamboApp, providing direct access to the Aptos ecosystem and beyond. Read…
Analysts at JPMorgan Financial Group published a report in which they stated the right of the U.S. Office of Foreign Assets Control (OFAC) to supervise the Tether steiblcoin, The Block writes. According to the document, it is about offshore operations using the asset. The company said that an example for…
Major banks and financial institutions in the US are pushing the Securities and Exchange Commission (SEC) to revise the definition of cryptoassets. This could allow these organizations to play a more important role in the cryptocurrency sector. This is reported by Cointelegraph. On February 14, 2024, a coalition of trade…
On February 15, 2024, the bitcoin mining difficulty updated the historical maximum and reached the mark of 81.73 T. Since the last change date, the figure has increased by 8.24%, according to BTC.com. The current average hash rate on the bitcoin network is 571.22 EH/s. Note, the complexity of mining…