U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups.
‘No signs’ of Bitcoin miner capitulation despite plummeting revenue
CryptoQuant CEO Ki Young Ji said that despite a drop in Bitcoin mining revenues since the halving, Bitcoin miners haven’t shown any signs of capitulation.
Elon Musk’s X to remove likes and reposts from timeline within ‘weeks’
Some believe the change could help cut down engagement-farming posts on the platform — something Crypto X may be all too familiar with.
EigenLayer users fume over restrictive airdrop, others say it’s ‘generous’
Ethereum restaking protocol Eigenlayer has promised to allocate 15% of EIGEN supply to the community, but not everyone was happy about it.
Australia’s top exchange may approve spot Bitcoin ETFs this year: Report
Australia’s spot Bitcoin ETFs could see $3 billion to $4 billion of inflows within the first three years, according to Monochrome CEO Jeff Yew.
6-month low Ethereum fees suggest altseason is inbound: Santiment
The Ethereum network had its cheapest day in over six months, which could suggest altcoins could rally “sooner than many may expect.”
Solana Mobile ‘Chapter 2’ airdrops briefly exceed cost of pre-order
Airdrops from two cat-themed memecoins may have paid off the entire pre-order value of the Solana ‘Chapter 2’ mobile device.
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent FBI announcement urging Americans not to use unlicensed money-transmitting services misses “a great deal of nuance” about how crypto services operate, says Piper Alderman Partner Michael Bacina.
Biden’s 44.6% capital gains tax proposal likely a ‘nothing burger’
President Biden’s move to introduce a 44.6% federal capital gains tax probably wouldn’t affect most people in crypto, according to crypto tax commentators.
Banks could flood into stablecoins if new bill passes: S&P Global
The Lummis-GillibrandPayment Stablecoin Act introduced to the Senate could see big banks encouraged to take steps into the stablecoin market, says S&P Global Ratings.
Worldcoin will increase WLD supply by up to 19% in the next 6 months
Worldcoin will be selling up to 1.5 million WLD tokens to select trading firms outside of the United States every week for the next six months.
Marathon Digital breaks own record with 1,853 Bitcoin mined in December
Marathon Digital mined a whopping 1,853 Bitcoin in December, its most ever in a month.
‘Rumor mill’ goes into overdrive for a spot Bitcoin ETF approval on Friday
Several tweets on Crypto X have fueled hopes that a spot Bitcoin ETF could be approved on Friday, though some analysts don’t think it will happen so soon.
SEC delays several Ethereum ETFs, pushing final decision to May
The SEC has pushed back its decision on a roster of Ethereum ETFs, with the final date for a potential approval arriving in late May.
US court approves settlement against Binance, paying $2.7B to CFTC
Former Binance CEO Changpeng “CZ” Zhao has been ordered to pay $150 million, while Binance will pay $2.7 billion to conclude the CFTC enforcement action.
FTX loses $53K every hour on ‘bankruptcy fees,’ latest filings show
More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October, amounting to $1.3 million per day.
Solana Saga sells for up to $5K on eBay as Bonk frenzy causes sell-out
After months of tepid sales, the Solana Saga phone is now “SOLD OUT” on its official website amid a recent frenzy for the free Bonk memecoin airdrop.
Solana phone sales skyrocket as degens scramble for pumped-up BONK
At current prices, the free BONK airdrop for Saga owners stands at $877, making it — at least temporarily — a “phone that pays for itself.”
Web3 firm sees future where gamers rent out their in-game assets for crypto
Polemos co-founder Richard McLaren believes the future of blockchain gaming will involve gamers and developers renting out their in-game NFTs for profit.
Fed pause is a ‘green light’ for investors; here’s what it means for crypto
With the expectation of further rate cuts heading into 2024, analysts say this could be a “positive boost” for crypto stocks and investment products.