The High Court decided against the bail approval after it found the Basic Court did not sufficiently assess the the value of the defendant’s property, saying the lower court could not accept the value of defendants’ property “based on their statements, but only concrete evidence,” that was, in this instant, not in the case files. Source
Bitget’s integration with ClearLoop will allow institutional clients of both companies to hold digital assets within Copper’s infrastructure while at the same time delegating those assets to trade on the exchange. Client assets are deposited on Copper’s platform and then linked to a Bitget account. Source
XRP price gained more than 34% YTD to trade around $0.45 as Ripple widens its portfolio in Europe. Following a string of hostile crypto regulatory frameworks in the United States and the lack of goodwill from the Securities and Exchange Commission (SEC) to stop enforcement actions, digital assets firms have opted to diversify through Europe or other friendly markets. Already, several centralized exchanges – including Gemini Trust Company LLC and Coinbase Global Inc (NASDAQ: COIN) – have shifted focus to seeking regulatory approvals in crypto-friendly markets like the European Union.…
BAYC and Mutant Ape Yacht Club (MAYC), another collection from the same creators, logged a cumulative volume of $9 million. ImmutableX-based Gods Unchained clocked $4 million in volumes, while the controversial Milady collection saw $3 million worth traded. Original
Ichimoku Cloud, created by Japanese journalist Goichi Hosada in the 1960s, is widely used to gauge momentum and trend strength. Original
The proposal looks as though it will pass when voting closes on May 26, though it’s unclear when the action will be executed. However, if it does, the malicious code will be removed and the governance of Tornado Cash’s DAO will go back to token holders. Source
The bid, though accepted by Celsius and a committee of its creditors, must still be approved by regulators to finalize the acquisition. Months ago, Bankruptcy Court Judge Martin Glenn warned “regulatory roadblocks” could plague the sale of Celsius much like it thwarted a fellow lender’s acquisition. In April, crypto exchange Binance.US abruptly terminated its purchase of bankrupt crypto lender Voyager’s $1 billion in assets after federal officials appealed the sale, citing the “hostile and uncertain regulatory climate” in the U.S. Source
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Michael Lee, who was most recently the vice president of community at Activision Blizzard, has been promoted to senior vice president of growth at Matter Labs. Incorporating gaming into the zkSync platform will be Lee’s key focus. In a statement, Lee emphasized his conviction that cryptocurrency is still waiting for its breakthrough application. He said a great game could draw millions of players overnight and swiftly grow to tens of millions when it is created and pleasurable to…
The decentralized cross-chain protocol Multichain is grappling with severe transaction delays, causing its native token, MULTI, to plummet 29.4%, even as the team works on a resolution and reassures users of the safety of their funds. In recent developments, the native token for the cross-chain bridge Multichain, also known as MULTI, experienced a sharp drop of 29.4% today, down to a trading value of $5.02 as per data from CoinGecko. This sudden downfall came in the wake of reports by users experiencing stuck transactions, which sparked concerns in the community.…
Elon Musk recently said DOGE is his favorite cryptocurrency but warned investors to exercise caution when dealing with investments in the crypto space. Elon Musk warns against heavy investments in crypto Despite liking dogecoin, multi-billionaire Elon Musk recently noted that he would not advise anyone to bet huge on crypto. Elon Musk was speaking at an interview with the Wall Street Journal. Elon Musk just gave his current views on crypto on an interview with WSJ “Dogecoin is my favorite because it has the best humor and it has dogs”…