News - Optimisus

1 month ago 1 min read

FTX exchange plans $884M stake sale in AI startup Anthropic to repay creditors

The insolvent crypto exchange FTX plans to divest a substantial chunk of its stake in the artificial intelligence firm Anthropic for $884 million. This move aims to repay its creditors and enhance its financial well-being. The transaction will include investors such as ATIC Third International Investment Company LLC, Jane Street, Fidelity Management and Research, and HOF Capital. FTX made a $500 million investment in Anthropic in 2021, however Anthropic went bankrupt because of accusations of fraud. The startup has achieved substantial success in the field of artificial intelligence, securing investments from Amazon and Google’s Alphabet Inc., which have elevated its

Ripple Labs is now embroiled in a $2 billion legal dispute with the Securities and Exchange Commission (SEC)

1 month ago 1 min read

Ripple (XRP) faces $2B SEC fine, vows to fight in ongoing crypto clash

Ripple Labs is now embroiled in a $2 billion legal dispute with the Securities and Exchange Commission (SEC), as stated by Ripple’s chief legal officer, Stuart Alderoty. Alderoty condemned the SEC for using deceptive strategies and accused it of attempting to frighten both Ripple and the broader industry. Ripple CEO Brad Garlinghouse expressed disapproval of the Securities and Exchange Commission’s (SEC) request for $2 billion, deeming it exorbitant. He referenced the DEBT Box case, in which Judge Robert Shelby reprimanded the SEC for engaging in fraud. The current legal dispute between the SEC and Ripple centers on the classification of

The European Securities and Markets Authority (ESMA) has finalized its first set of rules for suppliers of services related to crypto assets

1 month ago 1 min read

EU sets new crypto rules to boost transparency and safety for investors

The European Securities and Markets Authority (ESMA) has finalized its first set of rules for suppliers of services related to crypto assets in accordance with the Market in Crypto Assets (MiCA) legislation. The objective of the EU’s action is to enhance transparency, guarantee the security of investors, and provide clear guidelines for laws across the EU. The study provides a comprehensive overview of the prerequisites that crypto firms must meet while operating in the European Union under the Markets in Crypto-Assets Regulation (MiCA). This includes information on obtaining regulatory clearance, the range of services that may be supplied, and the

1 month ago 1 min read

Dogecoin’s (DOGE) co-founder wishes for Bitcoin to hit $1M

Billy Markus, one of the co-founders of Dogecoin, jokingly expressed his desire for Bitcoin to attain a value of $1 million per coin, even though the market prices of cryptocurrencies are constantly changing. The assertion, sometimes referred to as “Shibetoshi Nakamoto,” arises after Bitcoin saw an 11% decline from its peak value of $73,737, subsequent to a 134% surge over the course of the year. Presently, Bitcoin has had a little rebound, with a 1.39% increase to $65,839, after a decline to $60,760 last week as a result of diminished demand for US exchange-traded funds (ETFs) that hold Bitcoin. While

Iceland's Prime Minister has announced plans to reduce cryptocurrency mining due to its high energy use

1 month ago 1 min read

Iceland’s Prime Minister to reduce crypto mining due to its high energy use

Iceland’s Prime Minister, Katrín Jakobsdóttir, has announced plans to reduce crypto mining due to its high energy use, surpassing that of Icelandic homes. This aligns with a Bloomberg report highlighting the rise in demand for old Bitcoin mining equipment in places with cheaper electricity, particularly from the US. Iceland is known for its abundant hydro and geothermal energy, making it a prime spot for Bitcoin mining and the top energy producer per capita globally. However, Jakobsdóttir aims to shift this energy towards boosting food production and supplying power to homes and industries. The future of Iceland’s crypto mining sector appears

1 month ago 1 min read

BlackRock favors Bitcoin over Ethereum, with limited client interest in other cryptos, says executive

BlackRock, a leading investment firm, has shown moderate interest in Ethereum from its clients, with Bitcoin being the predominant preference. The firm’s head of digital assets, Robert Mitchnick, stated that interest in other crypto is notably lower. Mitchnick also addressed rumors about BlackRock launching an ETF for the memecoin dogwifhat (WIF), admitting he was unfamiliar with the coin. The recent launch of the Bitcoin Bitcoin Fund (IBIT) marked a significant turn in BlackRock’s approach to digital assets, attracting $15 billion in assets and recognizing persistent client demand for Bitcoin. BlackRock also ventured into the Ethereum space with its BUIDL fund,

The US Marshals Service is holding a Bombardier Global tied to FTX exchange,

1 month ago 1 min read

US authorities seek court clearance to sell Sam Bankman-Fried’s private planes

The US Marshals Service is holding a Bombardier Global tied to FTX exchange, and prosecutors are attempting to transport an Embraer Legacy aircraft to Florida for sales proceedings. The government has proposed an interlocutory sale of the two private aircraft to prevent their devaluation. Furthermore, the Bombardier Global and Embraer Legacy aircraft were argued to be subject to forfeiture due to their ties to Sam Bankman-Fried’s (known as SBF) criminal case. The government intends to reimburse up to $1.8 million for maintenance and upkeep and $183,000 for delivery of the Legacy, assuming the proceeds from the sale are sufficient. Prosecutors

1 month ago 1 min read

The US SEC considers classifying Ethereum as security; probes into Foundation intensify

The US SEC is considering labeling Ethereum (ETH) as a security token, following a report by Fortune. Meanwhile, investigations are targeting the Ethereum Foundation for alleged illegal actions. According to CoinDesk, the Foundation received a confidential inquiry from an unknown regulatory authority, but the details remain under wraps. Additionally, online investigator Boringsleuth hinted at the Foundation’s involvement in the 2016 Gatecoin hack on X, where 185,000 Ethereum and 250 Bitcoin were lost. Also, blockchain analysis suggests the stolen funds ended up in a wallet tied to the Foundation. An independent law firm is also investigating the Foundation’s alleged link to

Fantom (FTM) has reached a 12-year high of $1.08,

1 month ago 1 min read

Fantom (FTM) surges by over 120% within a month

Fantom (FTM) has shown resilience and solidified its position as a top player in the industry, despite the downturn caused by Bitcoin’s (BTC) recent drop below the $61,000 threshold. Over the past 24 hours, FTM has reached a 12-year high of $1.08, marking a 120% surge within a month. Currently trading at $0.9386, FTM has seen an impressive 11% surge, with a trading volume of $1 billion and a market capitalization of $2 billion. However, expert traders warns users as the daily RSI stands at 64, signaling an overbought situation. On the other hand, analysts predict that if bullish momentum

Genesis Global has agreed to pay $21 million in civil penalties

1 month ago 1 min read

Genesis Global will pay a $21 million in civil penalty to settle US SEC charges

Genesis Global has agreed to pay $21 million in civil penalties for engaging in the unregistered offer and sale of securities through the Gemini Earn program. The US Securities and Exchange Commission (SEC) criticized Genesis for offering up a retail crypto lending product without registering it first, a move that was seen as a violation of the Securities Act of 1933. The SEC’s Chair, Gary Gensler, emphasized the importance of following the law to protect investors and ensure trust in markets. The collapse of the Gemini Earn program serves as a cautionary tale for investors, as it highlights the unknown

1 month ago 1 min read

The US SEC extends the deadline for its decision about Ethereum ETF to May 30

The US Securities and Exchange Commission (SEC) has postponed its judgment on whether to approve the Hashdex Nasdaq Ethereum exchange-traded fund. This comes as the regulator decided to postponed the decision on May 30, 2024, and the fund will hold ether spot and futures contracts if approved. The Nasdaq Stock Exchange (NSE) filed an application with the SEC in September, and Toroso Investments administers and controls the fund. In addition, the SEC solicited public comment on the ETF in December and has postponed a decision on many occasions. Also, the SEC has postponed its decision on the ARK 21Shares Ethereum

1 month ago 1 min read

MicroStrategy now holds 1% of Bitcoin after adding $623M in BTC

MicroStrategy’s Bitcoin holdings have grown to 214,246 after the company purchased 9,245 BTC for $623 million. The company purchased Bitcoin at an average price of $67,382 apiece, with the acquisition being financed by convertible notes and additional cash. Following the US SEC’s approval of eleven Spot Bitcoin exchange-traded futures (ETFs) in 2024, the value of Bitcoin surged to over $73,500, setting a new record. Additionally, MicroStrategy now own over 214,000 Bitcoins with an average investment cost of $35,160 per Bitcoin. The dedication of MicroStrategy to Bitcoin is unwavering, even if the value of Bitcoin has dropped significantly this week. Meanwhile,