Sony Eyes Paramount with a $26 Billion Joint Bid
Sony Eyes Paramount with a $26 Billion Joint Bid Quick Look: Sony and another firm make a joint $26 billion bid for Paramount. The bid aims to enhance Sony’s content and distribution. The acquisition could reshape the entertainment industry landscape. In a move that has
US Spot Bitcoin ETFs See $217M Net Inflows as GBTC Posts Second Consecutive Day
US spot Bitcoin ETFs saw a net inflow of $217 million on May 6th, according to data from SoSoValue. This surge comes after a period of massive outflows, with Grayscale’s GBTC trust still experiencing a historical net outflow of $17.4
SEC Delays Decision on Invesco Galaxy Spot Ethereum ETF
The Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the Invesco Galaxy spot Ethereum exchange-traded fund (ETF). In an announcement, the SEC said the next deadline is July 5, 2024, by which the commission will either
India’s Central Bank Working To Boost Retail CBDC Volume Through Offline Capability
The Reserve Bank of India (RBI) is working to expand the use of its Central Bank Digital Currency (CBDC) by actively developing an offline transfer capability. At the BIS Innovation Summit 2024, RBI Governor Shaktikanta Das highlighted an increase in retail
Public Mining Companies Experience Production Decline of 6-12% in April Post-Halving
Public mining companies have reported decreases in Bitcoin production ranging from 6% to 12% for the month of April following the halving event. Major Bitcoin miners, including Bitfarms, Cipher, CleanSpark, Core Scientific, Riot, and Terawulf, were all affected, according to a report from The
4.85m French Crypto Holders ‘Fail to Declare Their Holdings’ as Gov’t ‘Takes Aim’ at Offenders
Only a small fraction of French crypto holders have declared their coins to the state, a report claimed – with the government set to take action. Per the French IT magazine Clubic, the Ministry of Public Action and Accounts and the
Lbank Now The 2nd Crypto Exchange To Confirm It Will List New Bitcoin Rival, Mollars Token
Mollars (MOLLARS) Token Confirmed for listing on LBANK; A Major crypto exchange with 7-million Users The new Bitcoin rival, Mollars (MOLLARS), continues to gain ground before its official listing on public crypto exchanges. A second crypto exchange, “LBank,” announced
CFTC Chairman Says Expect Regulators to Crack Down on More Crypto Firms
The Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam said cryptocurrency firms can expect to see more enforcement action from U.S. regulators in the next 6 to 24 months as retail interest in the asset class increases. Expect to see “another
Australia Tax Office Sets Sights On Crypto Exchanges’ Client Data, Bank Details
The Australian Tax Office is demanding annual transaction details from crypto exchanges in a move to tackle potential tax evasion. This crackdown aims to ensure investors correctly report their crypto gains and pay any capital gains taxes owed. Announced in April,
FTX Transfers $8.3M a Day Before Amended Proposal Deadline for Restructuring Plan
A May 6 transfer of $8.3 million associated with the now-bankrupt FTX exchange and its sister trading firm, Alameda Research, has raised questions about the future of creditors awaiting compensation. The transfer occurred just a day before FTX debtors were scheduled