The United States Securities and Exchange Commission (SEC) has pushed back a decision on the latest application for a Bitcoin (BTC) spot exchange-traded fund (ETF) by global investment firm VanEck. The company has long been trying to get the green light for what will be the first BTC ETF in America, with its first application
Month: August 2022
India’s Enforcement Directorate (ED) has conducted searches at five premises linked to popular cryptocurrency trading platform Coinswitch Kuber. The company says its engagement with the ED was not related to any money laundering inquiry. The federal agency recently froze the assets of two other crypto firms, Wazirx and Vauld. Coinswitch Kuber Next on ED’s List
Bitcoin (BTC) and altcoins lost big on Aug. 26 after the United States Federal Reserve delivered hawkish remarks on economic policy. Across the board, risk assets took a major hit — U.S. equities shed around $1.25 trillion in a single session. Analyst: Powell retiring “soft landing” rhetoric As comments by Fed Chair, Jerome Powell, suggested that
Out in the cryptosphere, there’s a vast amount of wealth that’s seemingly out of reach. A long-running statistic suggests four million Bitcoin — almost 20% of the total supply — has been lost forever. Much of it was mined when the network was just beginning, with early adopters tearing their hair out after losing their
The decisions made by companies during bear markets play a pivotal role in determining their longevity in the crypto ecosystem. Representing Canadian Bitcoin (BTC) mining firm Sato Technologies, COO Fanny Philip revealed what it takes to survive the bearish loom as the market prepares for the next bull run. Speaking to Cointelegraph during the Surfin’
In a cease-and-desist letter to fast-growing crypto exchange FTX, the Federal Deposit Insurance Corporation (FDIC) shed light on a now-deleted tweet from the exchange’s president, Brett Harrison, and issued a stark warning over the company’s messaging. Harrison’s original tweet said, “Direct deposits from employers to FTX US are stored in individually FDIC-insured bank accounts in
Netflix has finally landed the person to be at the helm of its upcoming BioShock project. The streaming platform announced on Thursday that it has signed Francis Lawrence to direct the live-action feature film adaptation. This is seemingly the first piece of information released by Netflix since it announced the project back in February. The
The Delhi High Court said that WhatsApp’s 2021 privacy policy leaves users in a “take it or leave it situation”. The privacy policy forces users into an agreement and then shares data with Facebook. The verdict of the court came while dismissing the appeals of WhatsApp and Facebook against an order. The said order had
Just when the Ethereum ecosystem reached its final stages in preparing for the much-anticipated upgrade, The Merge, german cloud provider Hetzner, reiterated its stance against allowing mining operations for both proof-of-stake (PoS) and proof-of-work (PoW) applications. Hetzner, a private, centralized cloud provider, stepped in on a discussion around running blockchain nodes, highlighting its terms of
In this article GOOGL Josh Edelson | AFP | Getty Images Google employees are receiving regular notifications from management of Covid-19 infections, causing some to question the company’s return-to-office mandates. The employees, who spoke with CNBC on the condition of anonymity, said since they have been asked to return to offices, infections notifications pop up
The US Justice Department is reportedly in the initial stages of drafting an antitrust complaint against Apple. The Justice Department has not decided whether to sue the American tech giant. The suit is expected to be filed by the end of this year. A broad investigation of major digital technology firms into whether they engage
WhatsApp is reportedly working on a solution to include the camera shortcut on the main interface for its app on Android. In a previous beta update on WhatsApp for Android, the Meta-owned instant messaging platform replaced the camera tab with the communities tab. The recently rolled out beta update also removed the camera shortcut entirely.
Iranian state-sponsored actors are leaving no stone unturned to exploit unpatched systems running Log4j to target Israeli entities, indicating the vulnerability’s long tail for remediation. Microsoft attributed the latest set of activities to the umbrella threat group tracked as MuddyWater (aka Cobalt Ulster, Mercury, Seedworm, or Static Kitten), which is linked to the Iranian intelligence
A $750 pump on Aug. 26 took Bitcoin (BTC) from $21,120 to $21,870 in less than two hours. However, the movement was completely erased after comments from U.S. Federal Reserve Chair Jerome Powell reiterated the bank’s commitment to contain inflation by tightening the economy. Following Powell’s speech, BTC price dropped as low as $20,700. Bitcoin/USD
Polygon Founder Symbolic Capital is the newest venture company to strongly emphasize Web3, gaming, and NFTs. Sandeep Nailwal, the creator of Polygon and a cryptocurrency entrepreneur, has collected $50 million for a new startup fund targeted at Web3 firms, highlighting venture capital’s rising interest in the blockchain-powered internet. According to the business, Nailwal’s venture firm,
Cryptocurrency exchange Coinbase has updated its information related to Ethereum transitioning to proof-of-stake to include forks that could arise. In a Thursday update to an Aug. 16 blog post, Coinbase said it would evaluate any potential forks in the Ethereum blockchain on a “case by case basis.” The crypto exchange previously said it planned to
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