In a groundbreaking decision, a United Arab Emirates court has recently acknowledged cryptocurrencies as a valid form of salary payment in an employment context. This ruling marks a significant shift in perspective on the use of digital assets in employment contracts. The case in question involved a dispute over wrongful termination and unpaid wages, where
Crypto
Upon examining Sahil Arora’s involvement in the crypto industry, it is evident that there is a significant difference in reported earnings. While blockchain investigator ZachXBT indicates that Arora made approximately $3 million this year, Bubblemaps initially estimated his earnings to be as high as $30 million. This stark contrast raises questions about the accuracy of
In a recent report by Bitwise, it was revealed that institutional investors based in the U.S. continue to show strong support for Bitcoin through spot ETFs, with approximately 66% of them either maintaining or increasing their holdings. This comes at a time when the market is experiencing volatility and declining prices, particularly during the second
Bitcoin experienced a 2.5% decrease on Wednesday, dropping to $59,100, as the U.S. government made a significant move with its Silk Road-related Bitcoin holdings. Arkham Intelligence, an on-chain analysis platform, detected the transfer of 10,000 BTC, valued at $593 million, from a US Government wallet to wallet bc1ql. Subsequently, the Bitcoin was sent to 33J,
As we look at the latest findings from Chainalysis, it is evident that there has been a significant rise in stolen assets within the realm of crypto scams and ransomware attacks. The amount of stolen funds in crypto scams has nearly doubled from $857 million to $1.58 billion by late July. This alarming trend poses
Metaplanet has recently made a significant investment in bitcoin, acquiring approximately $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With this latest purchase, Metaplanet now possesses a total of 303.095 BTC acquired for $20 million. Earlier this month, Metaplanet Inc. secured
Crypto.com, a leading cryptocurrency exchange based in Singapore, has recently made waves in the sports marketing world by securing a groundbreaking partnership with the Union of European Football Associations (UEFA) Champions League. This landmark collaboration marks a significant milestone for the cryptocurrency industry, as Crypto.com becomes the official global sponsor of one of the most
Core Scientific, a Texas-based Bitcoin mining company, recently announced the pricing of its increased offering of $400 million in 3.00% convertible senior notes due in 2029. The initial size of the offering was $350 million, which was upsized due to favorable market conditions. Scheduled to settle on August 19, 2024, the notes will be issued
The latest data on Ethereum’s Layer 2 ecosystem reveals an unprecedented surge in daily transaction volume. According to recent statistics compiled by Growthepie, the daily transactions across Layer 2 networks reached a staggering 12.42 million on August 12, marking a new all-time high. This exponential growth in transaction volume underscores the rapid advancements in scalability
Amidst the current market downturn, there is a noticeable shift towards HODLing and accumulation among investors in the digital asset market. Glassnode’s recent analysis sheds light on this trend, indicating a growing inclination towards holding onto assets rather than selling in response to volatile market conditions. Following Bitcoin’s all-time high in March, there was a