CyberKongz said it was first contacted by the SEC two years ago and had been “suffering in silence” ever since. Source link
Day: December 16, 2024
ai16z’s Eliza Labs, Stanford clinch AI research partnership
The ai16z developer is researching the intersection of artificial intelligence and Web3. Source link
Ether.Fi pitches buybacks for ETHFI stakers
The proposal to buy back tokens with protocol revenues is intended as a new value accrual mechanism for tokenholders. Source link
US lawmakers to make a last-ditch effort to confirm SEC commissioner
Caroline Crenshaw may still have one more chance to be confirmed for a second term as an SEC commissioner before the next session of Congress. Source link
El Salvador grants Bitget license for Bitcoin services
El Salvador has authorized Bitget to provide Bitcoin services in the country. The exchange is now seeking further approval to support more tokens. Source link
Bitcoin price all-time highs driven by spot volumes — Analyst says $115K is next
Bitcoin prints a new all-time high above $107,700, while several analysts call for much higher prices in the short term. Source link
Will Bitcoin ETFs Surpass 1 Million BTC Before 2025?
As Bitcoin continues to mature, one of the most telling indicators of its longevity and integration into the broader financial ecosystem is the rapid growth of Bitcoin Exchange-Traded Funds (ETFs). These products—offering mainstream, regulated exposure to Bitcoin—have garnered substantial inflows from both institutional and retail investors since their inception. According to data aggregated by Bitcoin Magazine Pro’s Cumulative Bitcoin ETF Flows Chart, Bitcoin ETFs have already accumulated more than 936,830 BTC, raising the question: Will these holdings surpass 1 million BTC before 2025? The #Bitcoin ETFs have already accumulated 936,830…
Pudgy Penguins’ PENGU token launches tomorrow with Binance listing and airdrop
Key Takeaways Pudgy Penguins launches the PENGU token, with Binance announcing spot trading and an airdrop. Pengu token’s total supply is set at 88.88 billion, with significant allocations to the community, NFT collections, and the Pudgy Penguins team. Share this article Pudgy Penguins, the second-largest NFT collection by market cap, announced that they will launch their PENGU token tomorrow. Tomorrow. $PENGU. pic.twitter.com/80LHuf9vZj — Pudgy Penguins (@pudgypenguins) December 16, 2024 The official Pudgy Penguins X account posted a video showcasing a Pudgy Penguin holding a token engraved with a penguin symbol,…
FTX sets January 3, 2025, as effective date for initial distributions to creditors
Key Takeaways FTX will begin creditor distributions on January 3, 2025, following court approval. 98% of creditors under FTX’s plan will receive at least 118% of their claim value. Share this article FTX is set to initiate creditor distributions on January 3, 2025, after receiving court approval for its Chapter 11 reorganization plan, according to a Monday press release. The entity plans to begin the first round of payments within 60 days of the effective date, subject to KYC and other distribution requirements. This initial distribution will be limited to…
A Last Resort: Un'FE'd Covenants For Bitcoin
Jeremy Rubin released a proposal two weeks ago titled Un’FE’d Covenants (FE = Functional Encryption). Given the ongoing debate over covenant proposals for Bitcoin the last year or two, his proposal marks a new practical option. All covenant proposals so far require a soft fork (actual opcodes), the development and implementation of unproven cryptography (Functional Encryption), or an absurdly high monetary cost to use (ColliderScript). Jeremy’s proposal requires no softforks, and does not impose a burdensome and impractical cost on users to utilize. The trade off for that capability is…