In a market defying display, new GHOSTDAG protocol Kaspa (KAS) has exploded +16% in a huge bounce from the lower trading channel, leaving traders asking is it too late to buy Kaspa? Kaspa is a proof-of-work layer-1 blockchain that makes use of sophisticated ‘GHOSTDAG’ technology – which enables KAS to act…

Andreas Schuller, known by his producer name Axident, has just started the sale of non-fungible tokens (NFTs) that give their owners a percentage of future streaming royalties to Justin Bieber’s song ‘Company’. To transform Bieber’s fans “from passive listeners to empowered music stakeholders,” the Norwegian music producer has partnered with blockchain-based…

Nathaniel Chastain, a former manager at the non-fungible token (NFT) marketplace OpenSea, has made the decision to serve his three-month prison sentence for insider trading while his appeal is still pending.Chastain’s lawyers submitted a letter to the New York District Court on Wednesday, informing the judge that their client had withdrawn his application…

Beleaguered crypto lending firm Celsius Network, that went bankrupt in July 2022, has filed an “adversary complaint” against private lending platform EquitiesFirst, in an attempt to recover assets.The complaint was filed in a sealed bankruptcy document on Sept. 6, seeking injunctive relief and a declaratory judgment, related to the “recovery…

The Financial Accounting Standards Board (FASB) in the United States has given unanimous approval to new accounting standards for disclosure of cryptocurrency holdings. The FASB, a non-governmental entity overseen by the U.S. Securities and Exchange Commission (SEC), introduced these rules in March, departing from the traditional practice of valuing cryptocurrency assets…

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.Everlodge (ELDG) has surfaced as a formidable name in the blockchain sector, making waves with a staggering $82 billion siren call that has garnered the attention of Ethereum (ETH) and Solana (SOL) whales. Despite being in its…

ARK 21Share and investment manager VanEck have filed for the first-ever Ether (ETH) spot Exchange-Traded Fund (ETF) in the United States. As per a recent filing with U.S Securities and Exchange Commission (SEC), ARK21Shares Ethereum ETF would track the performance of ETH by holding the second-largest cryptocurrency directly to support the…

Genesis Global Capital (GGC), a subsidiary of Digital Currency Group (DCG) based in New York, has initiated two lawsuits against DCG and its international arm, DCGI, aiming to secure the repayment of loans totaling $600 million.Genesis, which declared bankruptcy in January this year following a 30% reduction in its workforce,…

An illegal crypto miner in Russia caused “considerable damage” to a local grid and stole around $225,000 worth of electricity, a power provider has claimed.Per the Russian legal publication Pravo, the miner allegedly siphoned off electricity from the grid in Yuzhno-Sakhalinsk, in the Sakhalin Oblast (in the Russian Far East).The…

A federal court has ordered assets and bank accounts belonging to Alex Mashinsky, the former CEO of bankrupt crypto lender Celsius to be frozen.A court filing on Sept 5 revealed that a judge in the Southern District of New York signed off the request to freeze Mashinksy’s assets as the…