Day: July 4, 2023

Fintech giant Nium, valued at $2b, sets sights on US IPO amid Ripple’s legal battle

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Nium, a Ripple partner valued at $2 billion, is gearing up for a momentous move as it unveils plans to go public in the United States. Bloomberg reports that Nium Pte, a Singapore-based fintech firm, has recently disclosed its intention to initiate an initial public offering (IPO) during the second quarter of 2025 on American soil. Nium, a fintech startup backed by Singapore’s GIC and Temasek, is firming up plans for an IPO in the US…

Gemini gives DCG a $1.46b debt repayment ultimatum

Gemini co-founder Cameron Winklevoss has proposed a final offer, mandating Digital Currency Group’s (DCG) Barry Silbert and his embattled company to start reimbursing Gemini Earn creditors by July 21 or face a lawsuit.  There appears to be a glimmer of hope for victims of the collapsed Gemini Earn program, as Cameron Winklevoss has now given Barry Silbert and his Digital Currency Group (DCG) an ultimatum to pay up the debt owed Earn users or risk a lawsuit. In a lengthy open letter posted on Twitter during the late hours of…

the battle to attract investors

Investing in cryptocurrencies has become a popular trend among investors seeking high returns. Two meme coins that have garnered significant attention in recent times are pepe coin (PEPE) and alex the doge (ALEX). Although both coins have a meme-based theme, ALEX is being explored by investors. This article will examine the reasons for this shift and analyze the potential of ALEX to surpass PEPE in returns and market performance. >>>>Buy ALEX presale now<<<< Growing popularity of ALEX’s presale The preference for ALEX over PEPE is influenced, in part, by the…

Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin

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Crypto and blockchain advocates have authored a report calling for the Hong Kong government to issue a stablecoin pegged to the region’s dollar, which could challenge the dominance of Tether and USD Coin. According to an English translation of a July 3 report provided by Chinese crypto reporter Colin Wu, four individuals tied to financial innovation proposed the government issue an HKDG (Hong Kong Dollar Government) stablecoin to support its leadership efforts in the digital economy. Wang Yang, vice president for institutional advancement at Hong Kong University of Science and…

Ether whale moves 3k ETH to Binance

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied An ethereum trader that recently made a $4.49 million profit by trading ETH on the Binance exchange has just transferred 3,000 ETH to the exchange again. Ether trader moves value The global cryptocurrency markets have seen a resurgence in recent weeks, overcoming the widespread FUD triggered by the U.S. SEC’s enforcement actions against several market participants. Ethereum (ETH), the world’s second-largest cryptocurrency, has also witnessed strong bullish momentum this week, hitting a high of over $1,976…

$105,000,000 in BTC Abruptly Moved to Exchanges by Key Stakeholders As Price Stays Above $30,000: Glassnode

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Miners moved $105 million worth of Bitcoin (BTC) onto exchanges as the top crypto reclaimed the $30,000 price point, according to the digital asset analytics firm Glassnode. Glassnode says it represents the second-largest US dollar-denominated transfer on record. “Following the ascension in spot price above the psychologically key $30,000 level, Bitcoin miners have continued to send large clips of BTC to exchanges. Currently, miners are sending $105 million to exchanges, the second largest USD-denominated transfer on record.” Source: Glassnode/Twitter Glassnode also notes that the volume settled on the Bitcoin network…

UK government moves forward on bill aimed at empowering authorities to seize crypto

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Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes. In a meeting of the U.K. Parliament’s House of Lords on July 4, lawmakers conducted a third reading of the Economic Crime and Corporate Transparency Bill — legislation introduced in September 2022 as part of efforts to streamline law enforcement’s authority to crack down on crypto-related financial crime. Members of the House of Lords did not appear to propose any changes…

Verge (XVG) is up over 500% in 7 days

Verge (XVG), a privacy-focused cryptocurrency, has experienced an astonishing surge of over 500% since the past week, signaling a potential revival of “dinosaur coins” in the crypto market. A shift in market sentiment Verge (XVG), a privacy coin, has increased more than 500% over the past week, according to data from CoinGecko. This significant increase is part of a broader trend where older cryptocurrencies, referred to as “dinosaur coins,” regain attention and value in the crypto market. First introduced in 2014, verge gained popularity during the bitcoin-driven bull run of…

Lido, Rocket Pool team members argue over decentralization

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A team member for Lido has accused competitor Rocket Pool of being too centralized in a July 4 social media post. Both Lido and Rocket Pool are liquid staking protocols that allow users to delegate their cryptocurrency to validators and receive derivative tokens in exchange. According to the post from Lido’s community staking lead Dmitry Gusakov, the Rocket Pool contracts are controlled by the Rocket Pool team, allowing the team to change any parameters and call any method. This means that Rocket Pool developers can increase the inflation rate to…

Coinbase Stock (COIN) Explodes After Crypto Exchange Named in New Bitcoin ETF Filing

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Shares of Coinbase (COIN) are up after news that exchange operator Cboe Global Markets has refiled its spot Bitcoin exchange-traded fund (ETF) application. The U.S Securities and Exchange Commission (SEC) previously rejected Cboe’s application, which was filed on behalf of financial giants BlackRock and Fidelity, for being unclear and incomprehensive. Bloomberg senior ETF analyst Eric Balchunas said at the time that there were certain details that the SEC wanted, including the naming of a crypto exchange to help facilitate the ETF. “Basically [the] SEC wants them to name the ‘crypto…