As bulls made money over the weekend, the price of bitcoin moved back into the middle of its intraday trading range at the weekly close on February 18. The BTC price consolidation center was $52,000, according to data from TradingView and Markets Pro. The day before, the biggest cryptocurrency dropped to $50,680 on Bitstamp, its

An unreported element that the regulator discovered ensured larger remuneration for the influencer as the fund grew: the influencer’s fee was linked to the fund’s development. VanEck Associates Corporation has agreed to pay a punishment of $1.75 million to settle charges brought against it by the Securities and Exchange Commission (SEC) related to the introduction

The Australian federal police officer refutes claims that he transferred Bitcoin to the cryptocurrency exchange Binance via a hardware wallet found at the crime site. A federal police officer has been accused by the Australian National Anti-Corruption Commission (NACC) of deleting a Trezor hardware wallet containing 81.62 Bitcoin at a crime scene. The authorities claimed

Despite concerns that it would have an effect on the price of Bitcoin, Coinbase predicts that the proceeds from Genesis’ GBTC sell-off will “remain within the crypto ecosystem.” Exchange of cryptocurrencies Coinbase thinks the cryptocurrency market won’t be negatively impacted by Genesis’ approval to sell its interests in Grayscale Bitcoin Trust (GBTC), an insolvent cryptocurrency

The internal compliance team of Jupiter Asset Management has purportedly withdrawn its investment in the 21Shares Ripple XRP exchange-traded product (ETP) on account of regulatory concerns in Ireland. The company lost $834 on its initial investment of more than $2 million in the fund. In the first half of 2023, Jupiter put $2,571,504 into the

The majority of qualified creditors have now received their liquid bitcoin allocations from Celsius’s two distribution agents, the cryptocurrency exchange Coinbase and the massive payments company PayPal, according to the bankrupt cryptocurrency lender. The legal team for Celsius, Kirkland & Ellis, recently filed a court document with an update on the creditor distributions specified in

The prohibition was enforced by the Honduran National Banking and Securities Commission due to the absence of regulations in the nation. A resolution prohibiting the nation’s financial institutions from dealing with cryptocurrencies has been released by the National Banking and Securities Commission of Honduras (CNBS). Because cryptocurrency transactions are unregulated, the Honduran central bank stated

Election-related AI content is not outright prohibited by the voluntary agreement. On Friday, February 16, twenty artificial intelligence (AI) development companies declared their intention to stop their software from meddling in elections, including those held in the US. The agreement recognises that there is a substantial risk associated with the products of the companies, particularly

Bitcoin’s mining difficulty was predicted to rise by 6% at the time of its automated readjustment on February 15. On Friday, February 16, the Bitcoin.mining difficulty, a measure of how tough it is to solve the mathematical puzzle connected with a block, crossed 80 trillion. According to BTC.com, the mining difficulty reached a record 81.73

The creator of the Xcad Network, Oliver Bell, defended YouTuber KSI after the online personality was accused by crypto investigator ZachXBT of using his digital asset tokens, including XCAD, in a pump-and-dump scheme.Screenshots of KSI’s X account posting about XCAD and then dumping $850,000 of the tokens in the days that followed were published by ZachXBT on February 14.Another crypto investigator, Coffeezilla, referred to the multiple instances of KSI citing other tokens and then selling the assets that the crypto detective had uploaded as the “definition of a pump and dump.” The following day, Bell responded on social media, claiming that the YouTuber was fully entitled to sell his tokens.Bell stated in a post dated February 15 that one of their “biggest value adders” was KSI, which introduced and offered recommendations for the product.Although KSI did sell some tokens, the executive contended that the YouTuber “bought a lot more” than he did. Aside from Bell, a devoted follower going by the handle Vibhor wrote a 36-page defense of the YouTuber.Vibhor, who acknowledged that he might have a prejudice in favor of KSI, said that the YouTuber solely posts about his cryptocurrency activities on X and is well-known for “flipping his mind instantly.”The fan likened KSI to CNBC anchor Jim Cramer, whose calls have the potential to have the opposite effect on assets. Vibhor penned. “Whenever he says he is gonna HOLD a crypto, that crypto will go down and whenever he says it is time to sell a crypto, that crypto will go up. There is a meme based on this to do the opposite of whatever KSI is doing. And KSI himself has acknowledged that many

A cryptocurrency exchange in beta testing by digital bank Revolut is aimed for “advanced traders.” The exchange will provide improved market insights in addition to less fees than trading via the Revolut app. Revolut, a digital bank, is about to launch a cryptocurrency exchange aimed at “advanced traders,” as per a customer email that CoinDesk

Ireland’s laws governing cryptocurrency investments led to the cancellation of the XRP product investment. The asset manager was forced to rapidly write off the $834 loss on the investment. A regulatory concern forced Jupiter Asset Management (JUN), a London-listed company with over $65.8 billion in assets under management, to abandon an investment in a cryptocurrency

Certain restrictions on the stablecoin issuer’s offshore usage are imposed by the Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department. One such instance is the partnership between Tether and cryptocurrency mixer Tornado Cash. USDT usage may be impeded by international collaboration. In a research paper published recently, JPMorgan (JPM) stated that Tether’s

The introduction of cryptocurrencies has completely changed the financial environment by democratising access to international finance and providing previously unheard-of chances for large rewards. But these same elements, along with the absence of regulation, have also turned the cryptocurrency market into a haven for fraud and swindles. These techniques can lead to artificial price bubbles

The usage of blockchain bridges for money laundering increased last year, while the use of cryptocurrency mixers decreased. The alteration demonstrates the sophistication with which money laundering schemes may be modified by criminal actors.  2022 saw a higher reliance on centralized exchanges and illicit service types, but 2023 saw an increase in the usage of

In a research report released on Thursday, JPMorgan (JPM) upgraded the shares of cryptocurrency exchange Coinbase (COIN) to neutral to reflect the recent spike in cryptocurrency prices following the legalization of spot bitcoin (BTC) exchange-traded funds (ETFs) in the United States.According to the analysis, increased cryptocurrency prices should boost Coinbase’s earnings power and activity levels in the first quarter. Keeping its price estimate of $80 intact, the Wall Street behemoth upgraded the company from underweight to neutral.In early trade, Coinbase’s stock increased 6.5% to $170.80.With bitcoin, the biggest cryptocurrency in the world, trading near its recent highs of $52,400, other stocks tied to cryptocurrencies also saw gains.Marathon Digital (MARA) gained 3.5 percent, while MicroStrategy (MSTR) increased by 3%.The bank stated that what was once a sell-the-news event—the introduction of spot bitcoin ETFs—has now evolved into a significant increase in value of bitcoin. “We think this bitcoin appreciation is contributing to better spot bitcoin ETF flows, which is in turn driving bitcoin prices higher, and pulling other tokens higher as well,” analysts led by Kenneth Worthington wrote. According to the bank’s valuation estimate, Coinbase shares could underperform in 2024 after experiencing a near-400% spike in price last year.“Although we do not currently recommend the stock, we do recognize the positive impact that U.S. spot bitcoin ETF activity and volumes have had on the industry, helping it to overcome its 2022 crypto winter,” the report continued.Following today’s close, the corporation releases its earnings.

MicroStrategy (MSTR), the biggest corporate bitcoin owner, has seen its holdings surge past $10 billion, making a profit of more than $4 billion, as the price of bitcoin (BTC) has increased to just under $53,000. MicroStrategy possessed 190,000 bitcoins at the end of January, which were bought for a total of $5.93 billion, or $31,224

Cybercrime investigators in the United States are looking into a potential weakness in the Binance Trust Wallet iOS app. By guessing security terms known as mnemonics, attackers would be able to steal money thanks to the weakness. The National Institute of Standards and Technology (NIST), a U.S. organisation that develops best practices and standards for

Telefónica (TEF), a major global provider of telecommunication services, and Chainlink (LINK), a decentralised oracle network, are collaborating to protect against Web3-related hacking and exploits, such as “SIM Swap” assaults. According to a statement released on Thursday, the cooperation will offer security for smart contracts that will communicate with other Application Programmable Interfaces (APIs) over

A day before the cryptocurrency exchange was scheduled to release its fourth-quarter earnings, on Wednesday, ARK Invest, the investment entity headed by Cathie Wood, sold Coinbase (COIN) stock for the first time in over a month. An emailed daily trading report states that ARK sold shares worth $34.3 million from three distinct funds. It last

According to Politico, Federal Reserve Chair Jerome Powell informed House Democrats that the United States requires stablecoin legislation. In his closed-door meeting on Tuesday with Democrats from the House Financial Services Committee, he’s reported to have said that he’s glad that negotiations are “close” on stablecoin legislation, according to Politico, citing a person who was

Solution for Layer 2 scaling With an airdrop, or free distribution of 728 million tokens to about 1.3 million wallets, Starknet, a company dedicated to enhancing the efficiency of decentralised applications on Ethereum, is scheduled to launch its native currency, STRK, on February 20. The highly awaited coin may launch with a market capitalization of

According to the U.K. financial regulator, it sent out 450 consumer notices in the final three months of 2023 targeting businesses that were unlawfully marketing cryptocurrency. It also urged enterprises that grant authorizations to take their obligations seriously. On October 8, the Financial Conduct Authority’s (FCA) promotion regulations went into effect. It stated in a

EigenLayer, a liquid restaking platform, has received $4.3 billion in fresh inflows over the last 10 days, making it the sixth largest protocol in decentralized finance (DeFi).According to a recent blog post, EigenLayer decided to “invite organic demand” by removing its staking cap on February 5. This was the reason for the increase in inflows.After the opportunity for liquid restaking ended on February 10th, rising asset prices are responsible for the additional $600 million increase in TVL. A further $2.7 billion worth of staked ether {{stETH}} is present on the protocol, totaling 469,870 wrapped ether {{WETH}} tokens valued at $1.9 billion, according to data from DefiLlama.With the entire amount of capital locked on DeFi protocols standing at $71.2 billion, which is the highest point since June 2022 and nearly double the total during October’s low of $36.8 billion, EigenLayer’s total value locked (TVL) is rising in tandem with a broader increase across the enterprise. Restaking has been a big factor in the surge; in the last 30 days, the capital on the liquid trading platform ether.fi has climbed by 406% to $1.19 billion, and in the last week alone, Puffer Finance has seen a 79% increase in capital.According to DefiLlama, TVL across liquid restaking protocols, including EigenLayer, is now $10 billion; in December, it was only $350 million. Restaking is a way to increase the yield on Ethereum (ETH) that has previously been “staked” on the main Ethereum network.At the moment, Lido ether staking allows investors to earn a 3.7% annual income.Such investors can “restake” their ether with EigenLayer in order to receive more profits.The “proof of stake” blockchain used by Ethereum is further secured by staking.

A collaboration between Lido, an expert in Ethereum staking, and Taurus, a Swiss cryptocurrency custody company, brought banks one step closer to enabling their clients to profit from keeping and staked Ethereum tokens.Lido’s liquid staking product is currently only accessible to Swiss-based, FINMA-regulated banks partnered with Taurus, which also works with Deutsche Bank and Santander. With this product, businesses lock up their ether (ETH) on the blockchain and receive a digital record of that in the form of another token (stETH) that can be used for trading elsewhere. “The goal is to build a bridge between the world of digital assets with the world of traditional finance,” said Taurus CMO Victor Busson in an interview. “So Taurus is enabling institutions such as banks to access liquid staking solutions, with Lido being the leader in that space. We are seeing more and more