Spot Bitcoin ETFs Record Combined $1.2B Outflows in 8 Days
In eight days, the 12-spot Bitcoin exchange-traded funds (ETFs) in the United States experienced a combined net outflow of $1.2 billion. Bloomberg data from September 9 indicated that investors withdrew approximately $1.2 billion from the 12 Bitcoin ETFs listed on the spot market between August 30 and September 6. Since their listing in January, this […]
FriendTech Shuts down, FRIEND Token Falls 30%
FRIEND token price of FriendTech, a decentralized social network platform, fell by 30% after the platform announced it had relinquished control of smart contracts An adverse trajectory enveloped the native token price as the Web3 firm’s community recently announced that it had relinquished control of smart contracts. The primary cause of this loss of smart […]
Ethereum’s Early Advisor Sues Covington & Burling for $100M
Steven Nerayoff, an early advisor of the Ethereum network, alleges that the law firm Covington & Burling mismanaged his defense of a 2019 extortion case by the United States in a lawsuit for $100 million. Nerayoff claimed in a lawsuit filed on September 6 in the New York County Supreme Court that Covington lawyer Alan […]
Revelo Intel’s CEO Resigns After Robbery at Gunpoint
Nick Drakon, the CEO of Revelo Intel, a crypto research and education platform, has resigned after claiming that he was compelled to transfer personal, company, and investor funds at gunpoint. “I was recently the victim of a highly sophisticated group that targeted, surveilled, and robbed me,” Drakon stated in a post on X on September […]
Japanese TEPCO Reportedly explores ‘green’ Bitcoin mining
To conserve renewable energy, a Tokyo Electric Power Co. (TEPCO) subsidiary is purportedly pursuing green Bitcoin mining. Agile Energy X, a subsidiary of TEPCO based in Tokyo, is experimenting with utilizing waste solar energy to power Bitcoin mining machines. According to Asahi Shimbun, the company’s president, Kenji Tateiwa, the success of this endeavor would “inspire […]