After the leading privacy crypto token monero experienced a substantial 32% price decline on Tuesday, the coin’s value swiftly saw recovery the next day, surging by 25% within the last 24 hours. Binance, Kraken, and Kucoin are witnessing…
Federal Reserve Ends Enforcement Action Against FTX-Connected Farmington State Bank
The Federal Reserve terminated its enforcement action against Washington-based Farmington State Bank, previously known as Moonstone Bank and linked to FTX’s Alameda Research. Federal Reserve Terminates Enforcement Action of FTX-Linked…
FINRA-Registered Digital Asset Platform Prometheum to Launch Ether Custody Services
Prometheum, the first U.S. special purpose broker-dealer authorized to custody, clear, and settle digital asset securities, disclosed that it is now providing custodial services for the cryptocurrency ethereum. This announcement arrives amidst a…
Crypto Titan Digital Currency Group Opposes Genesis’ Restructuring Plan for Favoring Select Creditors
In a legal document filed on Feb. 6, 2024, the crypto juggernaut, Digital Currency Group (DCG), voiced opposition to Genesis’ revised bankruptcy strategy for multiple concerns. DCG argues that the plan favors certain creditors over others…
Following the launch of Taproot Wizards’ Quantum Cats non-fungible token (NFT) series, secondary market activity reveals significant trading volume and a significant increase in the collection’s minimum value. Initially offered at 0.1…
Bitcoin’s price continues to demonstrate resilience in the face of market fluctuations, settling at $42,902 to $43,091 within the last hour, with a modest uptick of 0.4% in the last 24 hours. This week’s growth of 0.7%, coupled with a…
Blackrock’s Bitcoin ETF Rockets to Top Five in 2024 ETF Inflows After Just 17 Days
Blackrock’s Ishares Bitcoin Trust (IBIT) has rapidly ascended to the upper ranks of the exchange-traded funds (ETFs) market, landing among the top five in terms of 2024 inflows in just 17 days, showcasing the burgeoning investor interest in…
Another $2.5m Max Win on Bitcasino as It Celebrates 10-Year Milestone
PRESS RELEASE. February 7th, 2024, London, UK — The huge, max win prize dropped on Gates of Bitcasino, an exclusive game from Pragmatic Play created for Bitcasino players. Gates of Bitcasino is based on the classic slot title Gates of Olympus…
ENS Partners Godaddy to Link Domains and Web3 Addresses
Ethereum Name Service (ENS), a Web3 service provider, and Godaddy, a domain and web hosting company, announced they are partnering to link domains with Web3 addresses. The link between current internet domains and Ethereum-based domain services…
Bitcoin Emerges as ‘Flight to Safety’ Asset, Outshining Gold, Says Cathie Wood
ARK Invest’s CEO Cathie Wood believes there is a shift in investment trends, specifically, a growing preference for bitcoin over traditional gold investments. This trend has been particularly pronounced following the launch of spot bitcoin…
Vast Bank Withdraws From Cryptocurrency Sector, Shuts Down Mobile App
Vast Bank, the U.S. financial institution that once offered customers the unique ability to manage cryptocurrencies alongside traditional banking, is exiting the digital asset space and shutting down its crypto mobile app in response to a consent…
US and UK Financial Regulators Discuss Effective Crypto Oversight
The U.S. and U.K. Financial Regulatory Working Group has emphasized the importance of effective regulation and oversight of crypto assets and markets. They also reiterated their support for the international work on crypto assets. US-UK Financial…
South Korean Regulator Plans to Discuss Crypto Rules With US SEC Chair Gary Gensler
South Korea’s financial watchdog chief is planning to visit the U.S. to discuss crypto regulation with the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, with a focus on the SEC’s recent decision to approve…
Judge Orders Ripple to Comply With SEC’s New Discovery Requests Concerning XRP
A federal judge has ruled in favor of the U.S. Securities and Exchange Commission (SEC) and ordered Ripple to comply with the regulator’s post-complaint discovery requests concerning XRP. Ripple must also answer an interrogatory regarding…
Grayscale Reduces Bitcoin Holdings as Competing ETFs Continue to Bolster Reserves
After the trading activity on Monday, which saw $642 million in transaction volume, Grayscale’s Bitcoin Trust sold off approximately 3,426.99 bitcoin, valued at around $147 million. Following Tuesday’s trading activity, GBTC offloaded…
Beijing Targets Cryptocurrency Mining Operations in New Energy Conservation Plan
Beijing is prepared to apply a new policy to strengthen the actions to foster energy conservation in several aspects of the city’s operations, promoting carbon and pollution reduction. The plan proposes to increase the oversight level on…
Onchain Bitcoin Fees in 2024: A Closer Look at Transaction Costs and Delays
Data gathered over the last 36 days reveals that the Bitcoin network’s average transfer fee has consistently exceeded the $3.68 mark, while costs for median-sized transactions have not dipped below the $1.67 threshold. As of Feb. 6, 2024…
The crypto community has shown remarkable support for Solana Mobile’s upcoming “Chapter 2” smartphone, amassing over 60,000 preorders after its announcement, as the company gears up for a launch in 2025. Solana Mobile’s…
The leading privacy-focused cryptocurrency by market valuation, monero, experienced a sharp 32% decline within the last day after news broke that Binance intends to remove the coin from its platform. Citing non-compliance with its listing criteria…
Enhancing DeFi: Equalizer Introduces New Meta Aggregator and Airdrop Explorer Services
PRESS RELEASE. Road Town, British Virgin Islands, February 6th, 2024, Chainwire. Equalizer Elevates Their DeFi Platform with Launch of DEX & Bridge Aggregator and Airdrop Explorer Features In a significant leap forward for decentralized…
Cleanspark Expands Bitcoin Mining Operations to Mississippi With $19.8 Million Acquisition
The publicly traded bitcoin mining entity Cleanspark has unveiled plans to broaden its operational footprint into Mississippi through the purchase of three fully operational bitcoin mining sites in the area. Alongside these Mississippi locations…
Solana Faces First Outage of the Year; Engineers Deploy Fix as SOL Dips 3%
The Solana layer one (L1) blockchain is currently experiencing a service disruption, with the Solana Status website revealing that engineers are actively probing the cause. Validators on mainnet have received instructions to implement an upgrade to…
Solana’s Jupiter Airdrop Allegedly Leaked: A User Received Almost $1 Million Using 9,246 Wallets
The recent airdrop of JUP, the token of the Solana native Jupiter exchange, was allegedly gamed by an individual who avoided established controls. An unknown airdrop hunter received 1.85 million JUP (almost $1 million) using over 9,000 wallets for…
Binance Welcomes Back Steve Christie as Deputy Chief Compliance Officer
Binance has welcomed back Steve Christie, its former Senior Vice President of Compliance, as Deputy Chief Compliance Officer. Binance Bolsters Compliance Team, Welcoming Steve Christie Back to Leadership Role Cryptocurrency exchange Binance has…
Hong Kong Securities Regulator Issues Warning to Unlicensed Virtual Asset Trading Platforms
The region’s securities regulator has said that Hong Kong crypto investors must only use or trade on approved virtual asset trading platforms. The regulator urged crypto investors using platforms not featured on its two lists to close…
Egypt Aims to Ease Pressure on Forex Reserves via $1 Billion Treasury Bill Auction
Barely a month after raising $850 million from an auction of dollar-denominated treasury bills, the CBE was reportedly poised to raise $1 billion via similar instruments. The decision to hike overnight interest is said to be part of the central…
Tether Launches Tether Edu, Expands Educational Initiatives in Emerging Markets
Tether, the largest stablecoin company, has announced the launch of Tether Edu, an initiative that will concentrate all of the global educational and learning programs of the institution. Tether Edu will focus on emerging markets, offering courses…
Janet Yellen Calls for Crypto Regulation in Congressional Testimony, Citing Financial System Risks
Treasury Secretary Janet Yellen, in her forthcoming appearance before the House Financial Services Committee, is set to emphasize the potential dangers the cryptocurrency industry presents to financial stability, advocating for legislative action…
Brazilian Tax Authority Reports Bitcoin Irregularities in Over 25,000 Statements
The Brazilian tax authority has reported identifying cryptocurrency irregularities in more than 25,000 tax statements. After a country-wide investigation, the institution detected that 25,126 individuals who possessed at least 0.05 BTC failed to…
California School Officials Plead Guilty to Running Crypto Mining Scheme With School Resources
A sophisticated scheme to defraud Patterson Joint Unified School District has been unveiled, with senior officials Jeffrey Menge and Eric Drabert at the helm, using the district’s resources to mine cryptocurrency illegally, as disclosed by the DOJ…
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