Cryptocurrency exchange Binance faces the risk of losing access to the European Union market if French regulators reject the company's application for registration under the new MiCa legislation. A major reason for this could be that Changpeng Zhao (CZ) is the sole owner of the French branch, holding 100% of its shares.
The Riksbank has published a report detailing the fourth phase of testing for the e-Krona. Throughout the pilot phase, which spanned from 2020 to 2023, the bank tested the e-Krona's fundamental use cases as a retail currency accessible to the general public. This iteration of the e-Krona was developed on the Corda distributed ledger platform by R3, with the central bank serving as a notary node responsible for verifying and finalizing transactions.
Gary Gensler posted a thread about investing in cryptocurrencies. But there's nothing new there.
Ark Invest continues its strategy of unloading Grayscale Bitcoin Trust shares, with the latest sale amounting to $28 million in GBTC.
Shares of Chinese AI company SenseTime fell by 18% following the demise of its co-founder, Tang Xiao'ou. A key figure in establishing SenseTime as a leader in China's AI industry, Tang Xiao'ou had garnered support from major players like Alibaba.
Shares of top mining companies such as Marathon Digital (MARA) and Riot Platforms (RIOT) have plunged more than 35% since the beginning of the year in anticipation of the upcoming Bitcoin halving. Analysts from these firms, however, consider the fears over reduced block rewards to be unfounded and maintain a positive outlook on the miners' activities.
Tech giants are seizing the opportunity to offload shares of their own companies as the market trends upward. The insider selling-to-buying ratio has reached its highest point since the beginning of 2021.
A handful of bold investors are seeking to acquire preferred shares of the defunct crypto exchange FTX, drawn by the rising value of assets held for compensation despite almost nonexistent prospects for payouts. Preferred creditors rank at the very bottom of the payout hierarchy in bankruptcy proceedings.
JCapital Research analysts have issued a warning about the potential for a significant drop in Hut 8 Mining Corp (HUT) shares, citing possible involvement in fraudulent schemes like Pump & Dump. This alert is primarily based on the company's recent acquisition of US Bitcoin (USBTC) and the ensuing merger.
Shares of the American firm LungLife AI, engaged in developing AI-driven diagnostic techniques for lung cancer, have seen a notable increase, peaking at a 60% rise. This boost came in the wake of publishing successful results from their LungLB test.
Friend.Tech, the platform for trading keys (akin to shares) of social network X accounts, has announced the launch of its new version. The announcement, set to the tunes of K-Pop group NewsJeans, indicates that the release is slated for Spring 2024
