Blockchain Archives - 4 NFT NEWS

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Taiwan's ACE Exchange Founder and Associates Face 20-Year Prison Sentences in Fraud and Money Laundering Case

Taiwan's prosecutors are recommending 20-year prison sentences for four suspects, including ACE Exchange founder David Pan, in a fraud and money laundering case involving the cryptocurrency trading platform. The case, which involved 32 individuals, resulted in over 1,200 victims and an estimated loss of 800 million New Taiwan dollars ($24.56 million). Taiwan's ACE Exchange, one…

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John Deaton Files Amicus Brief in Support of Coinbase's Appeal Against SEC

John Deaton, a Republican lawyer and Senate candidate, has submitted an amicus brief supporting Coinbase's appeal against the SEC, arguing that labeling token transactions as securities is impractical. By submitting an amicus brief, John Deaton, a Republican lawyer and candidate for the Senate, has shown his support for Coinbase in the legal conflict that the…

Meta Opens Up Horizon OS to Third-Party XR Headsets

Meta is collaborating with third-party hardware manufacturers to open up Meta Horizon OS, allowing devices to run the same system, apps, and games. This move aims to create a more open ecosystem, with leading tech companies like ASUS, Lenovo, and Xbox already partnering. Meta, the company behind the Quest line of mixed-reality devices, has made…

SEC Initiates Consultations on Rule Change for Bitcoin Trading Options

The SEC is discussing a rule change for options trading on Bitcoin ETFs, seeking public input on market impact during turbulence. Exchanges have requested options trading on recently approved spot Bitcoin ETFs, and whether options should follow stock regulations. The United States Securities and Exchange Commission (SEC) has initiated consultations on a proposed rule change…

Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets

Pantera Capital is set to launch Pantera Fund V, a comprehensive fund aiming to raise over $1 billion, offering exposure to various blockchain-based assets. Pantera Capital's Pantera Fund V is scheduled to launch in April 2025. Qualified investors will be required to allocate a minimum of $1 million, while limited partners will need to contribute…

Consensys Files Lawsuit Against SEC Over Ethereum Regulation

Consensys, a software development firm, has filed a lawsuit against the US Securities and Exchange Commission (SEC) and its commissioners, claiming the SEC plans to regulate Ethereum as a security, highlighting the ongoing debate on cryptocurrencies' regulatory classification and potential industry impact. A software development firm called Consensys has filed a lawsuit against the United…

BlackRock iShares Bitcoin Trust (IBIT) Sees Zero Inflows, Ending 71-Day Streak

BlackRock's iShares Bitcoin Trust (IBIT) has experienced a significant shift in investor sentiment, with zero inflows recorded for the first time since the introduction of Bitcoin ETFs in the US. This marks the end of a 71-day streak during which the ETF consistently attracted millions of dollars in daily investments. While other Bitcoin ETFs also…

Binance Integrates USD Coin (USDC) on CELO Network

Binance, one of the leading cryptocurrency exchanges, has successfully completed the integration of USD Coin (USDC) on the CELO network. As a result, users can now deposit and withdraw USDC on Binance's platform. Binance, known for its continuous efforts to expand its offerings and improve user experience, has announced the completion of the integration of…

BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests

Binance has launched the BounceBit (BB) Megadrop, inviting cryptocurrency enthusiasts to participate by subscribing to BNB Locked Products or completing Web3 Quests. The BB token will be listed on Binance on May 13, 2024, offering various trading pairs and maximizing rewards. Cryptocurrency enthusiasts can now participate in the highly anticipated BounceBit (BB) Megadrop, an event…

NVIDIA Acquires GPU Orchestration Software Provider Run:ai for $700 Million

NVIDIA, a leading technology company, has announced its acquisition of Run:ai, an Israeli startup that specializes in GPU orchestration software. The acquisition aims to enhance NVIDIA's capabilities in managing and optimizing AI computing resources across various environments. The terms of the deal, including the acquisition cost, have not been publicly disclosed. In a move to…