Backpack Exchange and FTX clash over FTX EU ownership
The ownership of FTX EU has become a point of contention between Backpack Exchange and the FTX estate.
Fetch.ai launches $10M accelerator for AI agent startups
Fetch.ai has launched a $10 million accelerator program to empower startups in AI agents, quantum computing and high-performance technology.
One thing disruptor banks didn’t expect to be challenging: Compliance
Innovative challengers are building compliance into their DNA and outcompeting established players.
Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
Mantra and Damac Group have signed a $1 billion partnership to tokenize real-world assets, enhancing blockchain-based finance in the UAE.
UK Judge dismisses $770M Bitcoin landfill hard drive case
James Howells, a British IT worker, has been in a legal battle to recover a hard drive containing 7,500 Bitcoins, worth approximately $770 million, which he accidentally threw away in 2013. However, his hopes of retrieving his lost fortune have been dashed as a judge has ruled against him, citing no realistic chance of success.
The story of Howells’ lost Bitcoins has gained widespread attention in the cryptocurrency community, with many rooting for him to find his discarded hard drive and access his digital wealth. However, after years of searching and legal battles, it seems that his efforts have been in vain.
The hard drive in question was mistakenly thrown away by Howells while he was clearing out his home. At the time, Bitcoin was not as valuable as it is now, and he did not think much of it. However, as the cryptocurrency’s value skyrocketed, he realized the gravity of his mistake and began searching for the hard drive at a landfill site in Newport, Wales.
Despite enlisting the help of experts and offering a substantial reward to the landfill site, Howells was unable to locate the hard drive. He then turned to the courts, hoping to force the local council to allow him to search the landfill site. However, the judge has now ruled against him, stating that there is no realistic chance of success in finding the hard drive.
This ruling has dealt a devastating blow to Howells, who has been holding onto the hope of recovering his lost Bitcoins for years. It also serves as a cautionary tale for those investing in cryptocurrencies, highlighting the importance of securely storing digital assets.
The case of James Howells and his lost Bitcoins has captured the attention of the world, showcasing the potential risks and rewards of the volatile cryptocurrency market. While his legal battle may have come to an end, the story of his lost fortune will continue to fascinate and serve as a reminder to always handle digital assets with care.
Ronin Network integrates Transak for fiat-to-crypto and NFT payments
The Ronin Network, a leading blockchain gaming platform, has recently announced a partnership with Transak, a global fiat-to-crypto gateway. This collaboration aims to simplify the process of purchasing NFTs and cryptocurrencies, making it easier for gamers and investors to access the world of blockchain gaming.
With the rising popularity of NFTs and the increasing adoption of cryptocurrencies, the demand for a user-friendly and secure platform to purchase these assets has also grown. This is where the Ronin Network and Transak come in, offering a seamless and efficient solution for buying NFTs and crypto.
Through this partnership, users of the Ronin Network will now have access to Transak’s fiat-to-crypto gateway, allowing them to purchase NFTs and cryptocurrencies directly from their bank accounts or credit cards. This eliminates the need for multiple exchanges and complicated processes, making it easier for both beginners and experienced users to enter the world of blockchain gaming.
Moreover, the Ronin Network and Transak are committed to providing a secure and transparent platform for their users. Transak is a licensed and regulated entity, ensuring compliance with all necessary regulations and providing a safe environment for transactions. The Ronin Network, on the other hand, is built on the Ethereum blockchain, known for its robust security features and decentralized nature.
This partnership not only benefits individual users but also the blockchain gaming industry as a whole. By simplifying the process of purchasing NFTs and crypto, the Ronin Network and Transak are making it more accessible for a wider audience, potentially driving more adoption and growth in the industry.
In conclusion, the collaboration between the Ronin Network and Transak is a significant step towards improving the accessibility and usability of blockchain gaming. With their combined expertise and commitment to innovation, this partnership is set to revolutionize the way NFTs and cryptocurrencies are bought and sold, making it easier for everyone to be a part of this exciting and rapidly evolving industry.
Microsoft to invest $3B in AI, cloud expansion, training in India
Microsoft will expand its AI and cloud presence in India, including training 10 million individuals by 2030 and supporting AI startups.
MicroStrategy’s Bitcoin debt loop: Stroke of genius or risky gamble?
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US entities hold 65% more Bitcoin than offshore players — CryptoQuant
In the last 24 hours, the cryptocurrency market has experienced a significant loss of $521 million due to liquidations. This sudden drop has caused concern among investors and traders, as the market has been relatively stable in recent weeks.
The liquidations were primarily driven by a sharp decline in the price of Bitcoin, the leading cryptocurrency. Bitcoin’s value dropped by over 10% in just a few hours, causing a domino effect on other cryptocurrencies. Ethereum, the second-largest cryptocurrency, also saw a significant drop in value, leading to further liquidations.
So, what exactly are liquidations in the crypto market? Liquidations occur when traders are forced to sell their assets to cover their losses. This happens when the market moves against their positions, and they are unable to meet the margin requirements set by exchanges. In simpler terms, it’s like a margin call in the stock market, where traders have to sell their assets to avoid losing more money.
The recent liquidations have once again highlighted the volatility of the cryptocurrency market. While it has been on an upward trend in recent months, sudden drops like this serve as a reminder of the risks involved in investing in digital assets. However, it’s worth noting that these fluctuations are not uncommon in the crypto market, and they often present buying opportunities for savvy investors.
Despite the recent dip, many experts remain optimistic about the long-term prospects of the cryptocurrency market. They believe that the current correction is a healthy and necessary part of the market’s growth and that it will eventually bounce back stronger.
In conclusion, the recent liquidations in the crypto market have caused a stir among investors, but it’s important to remember that volatility is a natural part of this emerging market. As always, it’s crucial to do your own research and invest wisely to navigate through these fluctuations successfully.
Solana poised for gains fueled by US ETF and retail adoption — Analyst
Solana, a relatively new cryptocurrency, has been gaining a lot of attention in the crypto market. With its impressive performance and potential for growth, many experts believe that it could outperform two of the biggest players in the game – Bitcoin and Ethereum – in the coming years.
One of the main reasons for this prediction is the possibility of a US-based spot SOL ETF. An ETF, or exchange-traded fund, is a type of investment that tracks the performance of a particular asset or group of assets. In this case, a SOL ETF would allow investors to easily buy and sell shares of Solana, making it more accessible and attractive to retail investors.
This potential ETF, combined with the growing interest in Solana and its innovative technology, could lead to a surge in demand for the cryptocurrency. As more people invest in SOL, its value is likely to increase, potentially surpassing that of Bitcoin and Ethereum.
But it’s not just institutional investors who are eyeing Solana. Retail investors are also showing a lot of interest in this promising cryptocurrency. With the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs), Solana’s fast transaction speeds and low fees make it an attractive option for those looking to enter the world of crypto.
Moreover, Solana’s team is constantly working on improving and expanding its ecosystem, with plans to launch new features and partnerships in the near future. This could further boost its value and solidify its position as a top-performing cryptocurrency.
Of course, predicting the future of any investment is never a sure thing. However, with its strong fundamentals and potential for growth, Solana is definitely a cryptocurrency to keep an eye on. Whether it will outperform Bitcoin and Ethereum in 2025 remains to be seen, but one thing is for sure – Solana is a force to be reckoned with in the world of crypto.