Crypto news

On Feb. 6, House Financial Services and Agriculture Committee leaders sent a letter to Treasury Secretary Janet Yellen regarding the lack of regulation in the spot market for digital assets that are not securities. The letter was sent from Patrick McHenry, Glenn Thompson, French Hill, and Dusty Johnson, all chairmen of various House committees. They requested that Janet Yellen, in her capacity as Chair of the Financial Stability Oversight Council (FSOC), provide answers to...

A settlement between defunct crypto lending company BlockFi and the collapsed hedge fund Three Arrows Capital (3AC) was approved by a US bankruptcy court on February 7. The specific terms of the settlement, though, remain confidential. According to the official document, the approval effectively resolved any counterclaims between the parties. Judge Kaplan of the New Jersey Bankruptcy Court, in the Tuesday hearing, expressed that it doesn’t make sense to demand disclosure of...

Authorities in South Korea are looking to investigate major cryptocurrency exchange OKX over complaints of the platform’s improper registration in the country. According to a report by News1 Media, South Korea’s Financial Intelligence Unit (FIU) received complaints from the country’s Digital Asset Exchange Association (DAXA). OKX Under Regulatory Probe DAXA, an alliance of South Korea’s five major crypto trading platforms, including Upbit, Bithumb, Coinone, Korbit, and Gopax,...

[PRESS RELEASE – Los Angeles, California, February 7th, 2024] Key Takeaways Focus, the revolutionary new decentralized SocialFi app, raised $75 million in one week Focus rivals subscription platforms like OnlyFans and Patreon, a multi-billion-dollar industry Users can reserve with DESO, BTC, ETH, and more to earn a 90% bonus in $FOCUS tokens for a limited time Focus, a new decentralized SocialFi app built on the DeSo blockchain, has made waves in the crypto industry by...

[unable to retrieve full-text content]CoinspeakerBlackRock’s Bitcoin ETF Witnesses Smallest Inflow Since Inception Despite the slowdown in net inflows, Bitcoin ETFs have demonstrated resilience, with total net inflows reaching $1.56 billion. BlackRock’s Bitcoin ETF Witnesses Smallest Inflow Since Inception

Chainlink’s LINK token has surged 38% since late January, propelling it to a 24-month peak, with its market cap reaching $10 billion. This came as crypto whales accumulated over $50 million worth of tokens within the past several days. Separately, data from Glassnode charts indicates that approximately $75 million worth of LINK has flowed onto cryptocurrency trading platforms since February 1st, resulting in a surge in its exchange balance to approximately 120 million...

[unable to retrieve full-text content]CoinspeakerETH Price Close to $2,400, Ethereum’s Dencun Upgrade Live on Holesky Testnet with Mainnet Implementation Expected in March After launching on the Goerli and Sepolia testnets, the Ethereum Dencun upgrade is now live on Holesky in anticipation of a mainnent launch. ETH Price Close to $2,400, Ethereum’s Dencun Upgrade Live on Holesky Testnet with Mainnet Implementation Expected in March

[unable to retrieve full-text content]CoinspeakerCrypto Liquidity Provider B2C2 Secures VASP License in Luxembourg B2C2 said in the press release that the registration will pave the way for the company to engage in collaborations with local VASPs, traditional financial institutions, and other stakeholders in the Luxembourg market.  Crypto Liquidity Provider B2C2 Secures VASP License in Luxembourg

[unable to retrieve full-text content]CoinspeakerBitcoin Halving 2024 Around 70 Days from Here but Miners Put Selling Pressure on BTC Price As block rewards will reduce by 50% after Bitcoin halving in April 2024, BTC miners are selling heavily to finance the purchase of more efficient mining rigs. Bitcoin Halving 2024 Around 70 Days from Here but Miners Put Selling Pressure on BTC Price

[unable to retrieve full-text content]CoinspeakerBinance vs CME: Fight for Top Spot in Bitcoin Futures Open Interest Rates Extends Binance briefly dethroned CME as the top exchange with the highest BTC Futures Open Interest rates on 6 February. Binance vs CME: Fight for Top Spot in Bitcoin Futures Open Interest Rates Extends