Day: October 2, 2023

Former FTX Auditor Prager Metis Sued by U.S. SEC for Hundreds of Alleged Violations

“Auditor independence is critical to both protecting the integrity of financial reporting and promoting public trust. As alleged in our complaint, over a period of nearly three years, Prager’s audits, reviews, and exams fell short of these fundamental principles. Our complaint is an important reminder that auditor independence is crucial to investor protection,” Eric I. Bustillo, director of the SEC’s Miami regional office said in a press statement. Source

Bill Ackman Says His SPARC Funding Vehicle Would Work on Deal with Elon Musk’s X

Ackman received a green light from the United States SEC with an intent to invest a minimum of $1.5 billion in private companies seeking to go public without following the traditional IPO route. Billionaire Bill Ackman, the Chief Executive Officer for Pershing Square, announced that his newly approved SPARC funding vehicle would absolutely consider a deal with the Elon Musk-backed X platform. According to a post by the WSJ, Ackman highlighted that he would be interested in a deal despite Musk’s intention to retain the X platform privately held to…

Bitwise to Launch Two Regulated Ethereum (ETH) Futures Today, on October 2

Bitwise will be introducing its customers to CME futures through the AETH and BTOP products that expand the company’s suite of crypto products amid heightened demand from institutional investors. Leading crypto index fund manager in the United States Bitwise announced that it will be launching two of its Ethereum-themed ETFs dubbed the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP). According to the announcement, the two Bitwise Ether-themed ETFs will tap into CME futures products, hence no obligations to invest in the…

BTC price hits ‘Uptober’ up 5% — 5 things to know in Bitcoin this week

boss

Bitcoin (BTC) starts a new week, a new month and a new quarter with a firm bullish move past $28,000. The largest cryptocurrency greets “Uptober” in style with its best weekly close since mid-August — what lies in store next? After mixed BTC price action in September, market participants were prepared for a potentially volatile monthly close, but in the end, this ended up in the bulls’ favor. With October frequently the sight of tangible BTC price gains, excitement is brewing over what might happen in the coming weeks. Macro…

Bitcoin Price Skyrockets Past $28,000, Here’s Why

boss

The Bitcoin price trajectory has once again taken a sharp upward turn, marking its ascent past the $28,000 landmark for the first time since its notable surge on August 29. This prior leap had been attributed to Grayscale’s triumph over the US Securities and Exchange Commission (SEC) in their legal battle regarding the Bitcoin Trust (GBTC) conversion to a spot ETF. In a striking demonstration of Bitcoin’s infamous volatility, the BTC experienced a price escalation of over $800 within a minuscule 5-minute window on Sunday evening, rocketing from $27,250 to…

Hacker of Sam Bankman-Fried’s FTX Moved 15,000 Ether (ETH) This Weekend

In November 2022, hours after FTX and its related companies filed for bankruptcy, an unknown party managed to drain various wallets of as much as $600 million. About $26 million worth of ETH – 15,000 ether – sat in a single wallet until earlier this weekend, when a first tranche of 2,500 ETH ($4 million) began moving, ultimately ending up at the Thorchain bridge, the Railgun privacy wallet, or intermediary addresses. Source

Coinbase crypto exchange obtains payment license in Singapore

boss

The United States-based cryptocurrency exchange Coinbase is expanding operations in Singapore by securing major regulatory approval from the country’s central bank. Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, the firm announced on Oct. 1. The new license, coming one year after Coinbase’s initial in-principle approval in Singapore, enables the company to expand its digital payment token services to individuals and institutions in the country. According to MAS, MPI-licensed firms are authorized to conduct payment services without being subjected to transaction limits of…

Uniswap Soaring User Engagement: How It’s Transforming UNI Price?

boss

Uniswap (UNI) has emerged as a beacon of activity and growth amidst a month of turbulent trading for the broader cryptocurrency market. Throughout September, the crypto market exhibited a remarkable level of volatility while remaining largely range-bound, leaving market participants in a state of neutrality. However, Uniswap has defied the sideways trend, demonstrating notable progress in various metrics. According to data from Token Terminal, Uniswap experienced a significant surge in daily active users on September 30th. This uptick in user engagement reflects growing interest in decentralized exchanges (DEXes) and the Uniswap…