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30 Banks Participating in Russia’s Central Bank Digital Currency Pilot

The number of banks participating in Russia’s central bank digital currency pilot has increased to 30. Seventeen banks have signed an agreement with the Bank of Russia to participate in the digital ruble program. They will join 13 other…

UK Police Seize 61,000 Bitcoins From Huge Chinese Investment Fraud

The U.K. Metropolitan Police have reportedly seized more than 61,000 bitcoins from a massive Chinese investment fraud. A British citizen is accused of laundering bitcoin for a Chinese fugitive who allegedly stole roughly $6.4 billion from more than…

Valkyrie Partners With Bitgo for Custodial Services and ‘Safekeeping of the Trust’s Bitcoin Holdings’

On Feb. 1, 2024, Valkyrie Digital Assets, a cryptocurrency asset manager, revealed in a Form 8-K submission to the U.S. Securities and Exchange Commission (SEC) that it has selected Bitgo to provide custodial services for its spot bitcoin…

Bullish on Bitcoin: Global Survey Respondents Anticipate BTC Price Spike to $60K and Beyond in 2024

A recent international survey by Bitget has illuminated the crypto market’s hopeful perspective, drawing insights from close to 10,000 individuals across areas such as West Europe, East Europe, Southeast Asia, East Asia, MENA, and Latin…

US Banking Sector Volatility — Distressed Commercial Real Estate Sector Raises Default Concerns

Following the U.S. central bank’s decision to keep the federal funds rate unchanged, the turbulence in the commercial real estate market has sent shockwaves through the country’s banking sector and internationally as well. On Thursday…

Affected by the National Stock Market Downturn, Chinese Investors Have Flocked to Gold

Chinese investors have been buying gold as an investment, motivated by the poor performance of traditional stock and property options. According to World Gold Council (WGC) reports, China had the largest demand for gold for jewelry and investment…

EIA Launches ‘Emergency Survey’ on Crypto Mining’s Power Use Amid Concerns of Alleged ‘Public Harm’

The U.S. Energy Information Administration (EIA) has gained clearance from the Office of Management and Budget (OMB) to conduct an urgent survey regarding electricity usage by cryptocurrency mining firms across the U.S. The EIA submitted this…

Bitcoin’s Hashrate Hits 7-Day Record High, Surging to 566 EH/s Amid Anticipation of Upcoming Difficulty Adjustment

Bitcoin’s computing power has soared to unprecedented levels, with the seven-day simple moving average (SMA) peaking at 566 exahash per second (EH/s) as of Jan. 30, 2024. Despite experiencing a slight decline in mid-January, the…

Long-Dormant ‘Sleeping Bitcoins’ Worth $35 Million Spring to Life on January’s Final Day

On Jan. 31, 2024, a notable movement of so-called ‘sleeping bitcoins’ occurred, involving wallets from 2013 and 2016 which collectively transferred 845.06 bitcoins valued at approximately $35.96 million. Originating from a handful of…

Floki Responds to Hong Kong SFC’s Warning, Asserts Compliance and Clarifies Staking Program

Floki has formally responded to the Hong Kong SFC’s recent warning, reiterating their commitment to compliance across jurisdictions and explaining the rationale behind their staking program’s high returns. Cryptocurrency Project Floki…

Vitalik Buterin Explores Crypto-AI Synergy Amidst Rising Interest in Blockchain and AI Applications

In a recent blog post, Vitalik Buterin provided a deep dive into the increasingly intertwined worlds of blockchain technology and AI. Buterin offered an insightful analysis of their potential synergies while cautioning about the complexities and…

Robert Kiyosaki: Bitcoin Protects Against Theft by the Fed, Government, and Wall Street Bankers

Rich Dad Poor Dad author Robert Kiyosaki has shared the reason why he owns bitcoin, stating that the cryptocurrency protects against “the theft of our wealth via our money.” The famous author warned that the Federal Reserve, the…

Billionaire Tim Draper Doubles Down on Bitcoin — Foresees Moment When People Won’t Want Dollars Anymore

Billionaire venture capitalist Tim Draper has doubled down on bitcoin and his price prediction of the crypto. “I think that there’s going to be a moment where there’s a run on the banks,” he cautioned, adding: “I…

SEC Moves to Dismiss Lawsuit Against Crypto Company Debt Box, Citing Inaccuracies in Court

The SEC has decided to abandon its lawsuit against Debt Box, a crypto company previously accused of defrauding investors of millions. This decision follows the SEC’s acknowledgment of presenting misleading information in court, a revelation…

Fed Maintains Interest Rates, Seeks ‘Greater Confidence’ on Inflation Goal; Bitcoin and Gold Hold Steady

On Wednesday, Jan. 31, 2023, the U.S. Federal Reserve opted to maintain the federal funds rate unchanged. The Federal Open Market Committee (FOMC) additionally stated that the committee “does not expect it will be appropriate to reduce the…

New York Community Bancorp Grapples With 40% Share Drop Following Disappointing Earnings Report

New York Community Bancorp (NYCB) faced significant challenges on Wednesday, with its shares plummeting by over 40%, prompting a halt in trading. Currently, NYCB shares have experienced a decline of just above 36%, trading at $6.61 per share. Last…

Grayscale’s Bitcoin Trust Sees Reduction Slowdown as New ETFs Gain Ground With Over 160,000 BTC Acquired

In the most recent update, Grayscale’s Bitcoin Trust (GBTC) experienced a decrease of 4,461.36 bitcoin, valued at approximately $190.53 million, over the past day. Since Jan. 12, 2024, GBTC has observed a cumulative reduction of about…

Ripple Exec Chris Larsen’s XRP Accounts Illicitly Accessed, Crypto Exchanges Freeze Assets

On Wednesday, Chris Larsen, the co-founder and executive chairman of Ripple, publicly revealed that several of his personal xrp accounts had been illicitly accessed. Larsen explained that the team successfully persuaded crypto exchanges to promptly…