A US judge has ruled that collapsed crypto company Terraform Labs and its founder Do Kwon offered and sold two digital assets as unregistered securities. The U.S. Securities and Exchange Commission (SEC) and Terraform Labs both requested summary judgment in an ongoing fraud case. The SEC alleges the company and Kwon facilitated a multi-billion dollar […]

Illustration by Mitchell Preffer for Decrypt. Bitcoin has taken a nosedive this week after rallying and is now trading well below the $44,000 per coin it touched earlier this month. The biggest cryptocurrency by market cap is now priced at $42,396, down nearly 4% in seven days, according to CoinGecko. But despite the digital coin […]

LINK is one of the best cryptos to invest in, says one analyst, with Chainlink’s oracle network being the lifeblood that connects smart contracts in Ethereum, Solana and all other chains. Whales have scooped up over $100 million worth of LINK, showing heavy institutional interest in the token, which another analyst says will push it […]

Pakistan’s central bank has approved blockchain KYC for banks, boosting security and efficiency with privacy measures, uniformity, cost savings, and smoother customer onboarding. […] Read More… The post Pakistan adopts blockchain KYC platform for financial institutions appeared first on CoinGeek.

Sam Bankman-Fried, convicted of fraud and money laundering in the FTX collapse, will not face a second trial, accelerating the case’s resolution and victim compensation. (Read More)

It was another transformative year for NFTs, both for better and for worse. We saw the emergence of the Ordinals protocol on Bitcoin, which rejuvenated creators and boosted excitement around the chain—but fomented a split between Bitcoin purists and expansionists. Meanwhile, as sales kept dropping for much of the year, collectors only got louder in […]

ARK Invest CEO Cathie Wood says that the odds of a January 2024 approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the US are going up. In a new interview on Bloomberg Television, Wood says that engagement between ARK Invest and the U.S. Securities and Exchange Commission (SEC) over its ETF application is […]

ETH may fall to $2,215 as large sell-off spreads. Traders are confident that the altcoin will recover in no time. According to Whale Alert, a whale sent 14,610 Ethereum [ETH] tokens to the Coinbase exchange on the 30th of December. The transaction was the second one within 12 hours after an initial transfer involving 9,991 […]

In 2023, there was a notable transformation in cryptocurrency investments as crypto venture capital (VC) funding experienced a significant decline of 68%, dropping from the $33.3 billion invested in 2022 to $10.7 billion. Despite this decrease, 2023 remains the third-highest year in total crypto investments, surpassing the figures during the previous bear markets of 2019 […]

Michael Cohen admitted to thinking that AI chatbot Google Bard was a more precise “supercharged search engine” than other generative AI services.