Invest News (Page 27)

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CZ's $1 Billion Crypto Rescue Plan Falls Short, Raising Just $30 Million

In an unexpected turn of events, the ambitious project to salvage the cryptocurrency market, spearheaded by Changpeng Zhao (CZ), the founder of Binance, has faced a major setback. The plan, which was initially designed to raise $1 billion to help rejuvenate an ailing sector, has only managed to pool a

Gitcoin Reports Loss of $460,000 Due to Transfer Error

Gitcoin, a prominent platform in the crypto community supporting open-source developers, has reported an unfortunate transfer error resulting in the loss of approximately $460,000 in Gitcoin (GTC) tokens. This news, sure to reverberate within the crypto ecosystem, speaks to the need for consistent diligence in the often-complex world of

The Most Undervalued Currency of G20 Countries Revealed

In the early fall, the Russian ruble has emerged as the most undervalued currency among the G20 nations. Based on the calculations from RIA Novosti, its rate should be approximately 33 rubles per US dollar. Earlier, a ranking of G20 countries was published based on the cost of a combo

The Rise of Dogecoin: From Meme to Monument

When Dogecoin was created in December 2013 as a "joke currency," no one could have predicted the journey it would embark upon. What began as a fun, lighthearted take on the burgeoning cryptocurrency movement has, in just a decade, amassed a global following, generated significant wealth, and – as

Coinbase and the SEC Faceoff: What's at Stake for the Crypto Industry

As the crypto industry continues to evolve and navigate the complex waters of regulation, one battle stands out: the recent conflict between Coinbase and the United States Securities and Exchange Commission (SEC). With sources from Decrypt, Reuters, and FinanceFeeds, this article aims to shed light on the major developments in

Ethereum Futures ETFs Under-deliver: Record Only $2 Million in Volume

Despite the disappointing figures for Ethereum's debut, it's worth remembering that ETFs provide a more traditional financial instrument for investors to gain exposure to cryptocurrencies without the need to deal directly with the underlying assets. As a result, the popularity and adoption of these ETFs will

A Decade in Retrospect: Ross Ulbricht's Silk Road Journey and the Ongoing Debate on Internet Freedom

San Francisco, October 1, 2023: Today marks a decade since the sensational arrest of Ross Ulbricht, the mastermind behind the clandestine Silk Road darknet market. His arrest on October 1, 2013, marked a seminal moment in the history of cybercrime, Internet freedom, and the ongoing debate on the role of

Insider Trading Secrets Uncovered in Unlikely Place: Xbox Chat

In a shocking revelation that underscores the sometimes unanticipated blending of technology and illicit finance, the U.S. Securities and Exchange Commission (SEC) has discovered a web of insider trading routed through an unlikely communication channel: Xbox's online audio chat. Four men have found themselves embroiled in this

Given the SEC's cautious and thorough examination, experts, investors, and stakeholders are left anticipating the ultimate decision.

Analysts' Perspectives on the Delay Analysts observing the scenario believe that the SEC is taking its time to consider all possible consequences of allowing a Bitcoin spot ETF, given the high volatility and other risks associated with cryptocurrencies. It is also speculated that the SEC might be waiting for

The U.S. Dollar’s Share in SWIFT Transactions Increases

In August, the share of the U.S. dollar in international transactions reached its highest in five years at 48.03%. According to data from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the U.S. dollar’s portion of global transactions this past August saw an increase of over