US District Court Judge Jed S Rakoff has endorsed a $4.5 billion settlement plan between Terraform Labs Inc., the SEC, and Do Kwon. This settlement ends legal action following Terraform’s $40 billion collapse in 2022 and puts an industry-wide permanent bar on the defendants. While Terraform goes through the bankruptcy process, the effects of this…
Rabby, a Web3 wallet developed by DeBank, has integrated IOTA’s Ethereum Virtual Machine (EVM), significantly enhancing the multi-chain decentralized finance (DeFi) experience for its users, according to the IOTA Foundation Blog. Enhanced Multi-Chain Wallet Experience The integration of IOTA EVM into the Rabby Wallet aims to provide a secure, transparent,…
Hunter Horsley, co-founder and CEO of Bitwise, a San Francisco-based cryptocurrency asset management firm, declared that the “digital gold” narrative limits bitcoin’s reach as an investment asset. Horsely stated that, while the “digital gold” representation has been helpful for bitcoin, it has many qualities that put it over gold and it is time to “graduate”…
New York Attorney General Letitia James has recovered $50 million from Gemini Trust, with this being money defrauded from Gemini Earn users. The recovered money will be used to repay the more than 230,000 investors, 29,000 of whom are New Yorkers, James said in a press release. “Gemini marketed its Earn program as a way…
New York, New York, June 14th, 2024, Chainwire Kadena, the world’s only scalable Proof of Work blockchain, announces a partnership with Lurk Lab to build out a Zero-Knowledge tech stack on the Kadena blockchain that will pave the way for provably secure cross-chain messaging. Kadena and Lurk Lab are developing a robust ZK roadmap that…
As Bitcoin continues to consolidate within reach of its all-time highs, many investors, speculators, and traders wonder if a breakout is on the horizon. Currently trading at $67,100 per bitcoin and up almost 52% YTD, Bitcoin’s critical short-term support level sits at $66,000, with $72,000 acting as critical resistance. Should Bitcoin break through this resistance,…
Bernstein initiated coverage of the Tysons Corner, Virginia-based company with a $2,890 price target. The shares closed at around $1,484 on Thursday. The Nasdaq-listed firm currently holds 214,400 bitcoin. It began buying the cryptocurrency in 2020, adopting it as a reserve asset. Source link
LangSmith has unveiled a new feature aimed at improving collaboration and organization within enterprises. The introduction of workspaces in LangSmith allows companies to separate resources among different teams, business units, or deployment environments, as reported by the LangChain Blog. Using Workspaces to Effectively Manage Resources With this new feature, LangSmith…
Binance CEO Richard Teng described 2024 as a “landmark year” for the cryptocurrency industry in an interview with Bloomberg on Thursday. He cited enhanced regulatory clarity, broader mainstream acceptance, and the introduction of bitcoin spot exchange-traded funds (ETFs). “The momentum continues to be very strong, which is a very encouraging sign for us … Other…
The United States has long been a beacon of technological innovation, but in recent years, it has seen a troubling trend in the cryptocurrency sector. A combination of stringent regulations spearheaded by SEC Chair Gary Gensler and growing international competition has led to a notable decline in the US’s share of global crypto development. Regulatory…