135 / 238 Relevant items tagged with #cryptocurrency
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Polygon Labs Trims Staff by 19% ‘for the Sake of Enhanced Performance’
[Feb 2, 2024 11:30 PM] As part of its strategy to recalibrate and enhance operational performance, Polygon Labs will be reducing its workforce by 60, marking a 19% cut. This decision, shared by CEO Marc Boiron, aims at maintaining a lean and efficient team. Polygon Labs…
Expert Analysis: Bitcoin ‘Bottom Is Not In’, Potential $30K Retest On The Horizon
[Feb 2, 2024 10:00 PM] Bitcoin (BTC), the largest cryptocurrency by market capitalization, closed January above the $40,000 threshold, signaling positive price action. However, market expert Justin Bennett suggests that Bitcoin’s bottom has yet to be reached. …
SEC Charges American Bitcoin Academy Founder With Fraud That Cost Students $1.2 Million
[Feb 2, 2024 10:00 PM] The U.S. Securities and Exchange Commission (SEC) has charged the founder of American Bitcoin Academy, accusing him of running an online fraudulent crypto scheme that cost students $1.2 million. The defendant “falsely claimed that his…
EU Regulator Proposes Stricter Rules for Foreign Crypto Firms
[Feb 2, 2024 8:30 PM] The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator, has proposed stricter rules for crypto firms based outside the EU, limiting their ability to directly serve customers within the bloc to ensure fair…
Singapore Police Warn About ‘Crypto Drainers’ Stealing Cryptocurrencies From Wallets
Criminals Behind $2M School Theft Admit Guilt: Crypto Mining Scheme Uncovered
[Feb 2, 2024 7:00 PM] In recent developments, two California school district officials have admitted guilty to stealing up to $1.8 million and misappropriating electricity to finance and operate a clandestine crypto-mining operation. The United States Department of…
Project Mbridge Reaches Milestone: First Digital Dirham Cross-Border Settlement Goes Through
[Feb 2, 2024 5:30 PM] The first cross-border digital dirham payment was completed by Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE, using the Mbridge platform, a central bank digital currency (CBDC) liquidity and…
Genesis Settles SEC Lawsuit for $21 Million Over Unregistered Securities
[Feb 2, 2024 4:30 PM] Facing charges from the SEC over its crypto lending practices, Genesis has agreed to a $21 million settlement. This move aims to close a chapter of legal challenges following the company’s bankruptcy filing last year amid a wider crypto market…
Supreme Court Ruling Bolsters Australian FTX Creditors’ Prospects for Full Recovery
[Feb 2, 2024 3:30 PM] The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $26…
End of the Line for OPNX, Built by Three Arrows Co-Founders Zhu and Davies
[Feb 2, 2024 1:30 PM] OPNX has declared it will cease all activities next month. This decision comes as co-founders Su Zhu and Kyle Davies grapple with legal repercussions stemming from their previous venture’s failure, Three Arrows Capital. OPNX to Shut Down Amid…
OFAC Blocks Venezuelan Gold Business, Warns About Upcoming Oil Sanctions
[Feb 2, 2024 11:30 AM] The Office of Foreign Assets Control (OFAC) has revoked the license of Minerven, the Venezuela-owned gold company, for commercializing gold in international markets. The sanctions on Minerven, which were eased in October, will be applied again on…
Bitcoin’s Mining Difficulty Skyrockets by 7.33%, Setting New Record for 2024
[Feb 2, 2024 10:30 AM] On Friday, Feb. 2, 2024, the Bitcoin network witnessed a significant milestone as its mining complexity metric surged by 7.33% at block height 828,576. This marked the most substantial increase in difficulty for the year thus far. The current level…
1,210 ‘Sleeping Bitcoins’ From 2016 Stir After Years of Inactivity, Following Previous Day’s Mysterious Movements
[Feb 2, 2024 9:30 AM] On the final day of January 2024, a series of nine enigmatic transactions emerged from wallets established in 2016. Subsequently, another tranche of 15 transactions from wallets created on that same day in 2016 moved a total of 1,210.41 bitcoin…
Blackrock’s IBIT Bitcoin Reserves Soar, Securing 70,005 BTC Valued at Nearly $3 Billion
[Feb 2, 2024 8:15 AM] According to the latest metrics, Grayscale’s Bitcoin Trust, commonly referred to as GBTC, saw a decline of approximately 9,520.27 bitcoins, valued at around $410 million, between Jan. 31 and Feb. 1, 2024. During a two-day period…
Bitcoin Technical Analysis: BTC’s Price Resilience Holds Steady Amidst Market Fluctuations
[Feb 2, 2024 7:11 AM] On Friday, the price of bitcoin fluctuated within a daily span from $41,937 to $43,347, with its market value reaching $846 billion. The trading activity for the day tallied up to $17.35 billion, showcasing a spike in investor involvement and…
Lawyer Says FTX Has Abandoned Revival Efforts, Judge Certifies Controversial Reimbursement Plan
[Feb 2, 2024 6:30 AM] The collapsed cryptocurrency exchange FTX will not be proceeding with efforts to resume operations because none of the prospective suitors has pledged to invest the needed capital, the company’s attorney has said. A U.S. Bankruptcy Court…
Singapore High Court Denies 3AC’s Bid to Dismiss Suit by Defiance Capital Founder
[Feb 2, 2024 4:30 AM] The High Court of Singapore has denied Three Arrows Capital’s (3AC) attempt to dismiss a lawsuit by Defiance Capital founder Cheong Jun Yoong, affirming the legal standing of digital assets in trust disputes. Singapore Court Upholds Defiance…
Monei Starts Conducting Euro Stablecoin Tests
House Financial Services Committee Members Demand More Time to Debate New Digital Payment Proposal
[Feb 2, 2024 12:30 AM] Leading members of the U.S. House Financial Services Committee, Chairman Patrick McHenry, Subcommittee Chairman French Hill, and Representative Mike Flood, have requested an extension of the public comment period for the CFPB’s proposed rule…
30 Banks Participating in Russia’s Central Bank Digital Currency Pilot
[Feb 1, 2024 10:30 PM] 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…
Market Survey Signals Bull Run: Investors Predict Bitcoin To Surpass $69,000 Post Halving
[Feb 1, 2024 9:00 PM] A recent survey conducted by Bitget has shed light on investors’ optimistic outlook towards the upcoming Bitcoin (BTC) halving event scheduled for April 2024. Notably, the survey indicates that most respondents anticipate Bitcoin surpassing…
UK Police Seize 61,000 Bitcoins From Huge Chinese Investment Fraud
[Feb 1, 2024 6:30 PM] 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…
Polkadot (DOT) Circulating Market Cap Rockets To $8.3 Billion, Registers Massive 111% Growth
[Feb 1, 2024 6:00 PM] Polkadot, the computing platform known for its interoperability and scalability, has shown remarkable growth in key metrics during the latter part of 2023, as outlined in a recent report by Messari. Outpacing Crypto Market Growth According to…
Valkyrie Partners With Bitgo for Custodial Services and ‘Safekeeping of the Trust’s Bitcoin Holdings’
[Feb 1, 2024 5:30 PM] 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
[Feb 1, 2024 4:30 PM] 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…
Celsius Emerges From Bankruptcy, Begins to Distribute $3 Billion to Creditors
[Feb 1, 2024 3:30 PM] Celsius has concluded its Chapter 11 bankruptcy process and is embarking on a new journey with the launch of Ionic Digital, Inc., a bitcoin mining company managed by Hut 8 Corp. This development follows a complex legal and financial restructuring…
Jupiter’s JUP Token Makes a Grand Entry With $700M Airdrop on Solana Blockchain
[Feb 1, 2024 2:30 PM] Jupiter successfully launched its JUP token. The airdrop, one of the largest in crypto history, distributed an astounding $700 million worth of JUP tokens to almost a million wallet holders. Jupiter’s JUP Token Airdrop Distributes to Nearly a…
Hong Kong Worldcoin Offices Visited Amid Privacy Investigation
[Feb 1, 2024 1:30 PM] The offices of the Worldcoin project, a biometric scanning and wallet initiative, have been visited by authorities in Hong Kong amidst a broad privacy investigation. The authorities, complying with a court warrant, advised the general audience to…
EIA Launches ‘Emergency Survey’ on Crypto Mining’s Power Use Amid Concerns of Alleged ‘Public Harm’
[Feb 1, 2024 10:30 AM] 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…