Korea Court Clears Bithumb In 130M Won Tax Lawsuit

Bitcoin had a week that underscored its growing relevance at the intersection of global geopolitics and US financial regulation. Reports emerged that Iran may begin accepting BTC payments from oil tankers transiting the Strait of Hormuz, while in Washington, Coinbase CEO Brian Armstrong publicly backed the long-stalled Digital Asset Market Clarity Act after months of…

Matthew Sigel predicts Bitcoin’s bull run will continue for at least two more quarters. Institutional interest is growing, with advisors considering 1-3% Bitcoin allocations. VanEck targets Bitcoin at $180,000, forecasting a 1,000% rise from market lows. In a recent CNBC “Squawk Box” interview, Matthew Sigel, Head of Digital Assets Research at VanEck, forecasted that the…

In brief Chen Zhi, the alleged mastermind of a “pig butchering” crypto fraud ring, was arrested in Cambodia. Zhi was indicted by the U.S. Department of Justice in October and charged with wire fraud and money laundering conspiracy. His crypto fraud network allegedly stole billions from users globally, with nearly $12 billion in Bitcoin from…

Bitcoin surged past $89,000, rising by 30% in the past week leaving many to wonder what’s behind the surge.  Rising open interest and increased trading volume indicate strong market activity, but have triggered significant liquidations. Bitcoin [BTC] has recently captured the crypto market’s attention, surging by an impressive 30% over the past week. The leading…

Singapore, Singapore, August 14th, 2024, Chainwire The decentralized derivatives trading platform, ELFi Protocol, officially launched today on the Arbitrum network. ELFi is a decentralized derivatives trading platform dedicated to creating a unique and forward-looking trading experience that rivals centralized exchanges (CEX). ELFi is the first to implement a Portfolio Margin and vAMM hybrid model on-chain….