Russia FATF Rating Downgraded Due to ‘Insufficient Crypto Regulation’
The Financial Action Task Force (FATF) has downgraded Russia’s compliance rating due to its “insufficient regulation of virtual assets and cryptocurrencies.” Vedomosti reported that German Neglyad, the Deputy Head of…
Reversal: Merrill Lynch, Wells Fargo Begin Offering Bitcoin ETFs To Clients
Leading U.S. investment platforms Meryll Lynch and Wells Fargo are now offering clients access to Bitcoin spot ETFs despite initially hesitating on the move. As reported by Bloomberg, the firms…
Seneca Recovers 80% of Funds After $6.4M Exploit
The Seneca Protocol hacker has given back $5.3 million worth of Ether tokens after draining $6.4 million on Ethereum and Arbitrum networks. Initial investigations suggested that an approval mechanism bug…
We Asked ChatGPT if Pepe Coin (PEPE) Could Flip Shiba Inu (SHIB) in 2024
TL;DR Pepe Coin (PEPE) has experienced rapid growth, becoming a top performer in the meme coin market and challenging its competitors with a significant increase in value. Surpassing Shiba Inu’s…
FTX Affiliated Crypto Hedge Fund LedgerPrime Restarts Under New Name MNNC Group: Bloomberg
Crypto hedge fund LedgerPrime, once linked to the bankrupt FTX crypto exchange, has relaunched under the name MNNC Group according to a February 29 Bloomberg report. As reported by Bloomberg,…
Best Crypto to Buy Today February 29 – Bitcoin, Bonk, Arweave
Bitcoin, Bonk, Arweave cryptos rally with huge gains, staking their claim as potentially the best cryptos to buy today. Image by cryptonews.com. With Bitcoin (BTC) and Ether (ETH) consolidating close…
Is It Too Late to Buy Dogwifhat? WIF Aiming for $1, With Another Token on the Horizon
As the Solana blockchain’s latest meme coin success story, Dogwifhat (WIF) is continuing to rocket in price, and investors are asking “Is it too late to buy Dogwifhat?”. Dogwifhat (WIF)…
Coinbase Unveils Two New Wallet Solutions Aimed at Easing Crypto Onboarding
On February 29, crypto exchange Coinbase unveiled two new wallet solutions, focusing on simplifying the onboarding process for newcomers to crypto. A tweet from Coinbase Wallet revealed the upcoming launch of…
Gemini Settles With New York DFS, Commits to Return $1.1 Billion to Earn Customers
Crypto exchange Gemini has agreed to return a minimum of $1.1 billion to customers of its defunct Gemini Earn Program as part of its settlement deal with New York regulators.…
Hong Kong Ends Crypto Exchange License Applications, Noncompliant Platforms to Close by May 31
On February 29, Hong Kong’s Securities and Futures Commission (SFC) closed its crypto licensing portal, setting a May 31 deadline for non-compliant exchanges to cease operations. Exchanges that missed the…
Bitcoin’s Market Value Overtakes Russia’s Ruble, Enters World’s Top 15 Currencies
In wake of its recent surge to the north of $60,000, Bitcoin’s market value has overtaken that of Russia’s Ruble, and cemented its place in the top 15 most valuable…
IOTA Allocates $10 Million To Tokenization Startups In Africa
The newly launched IOTA Ecosystem Foundation is committing $10 million to early-stage startups focused on tokenized trading for real-world assets (RWAs). The specific startups receiving funding will be revealed in…
Infrastructure Providers Warn of ASIC Scarcity for Bitcoin Miners
Bitcoin (BTC) miners have begun to express a number of concerns ahead of the next halving event, which is set to occur in April. During the halving, the Bitcoin mining…
Chamber of Digital Commerce Files Brief on Behalf of Kraken in Controversial SEC Case
In a new development for the emerging U.S. cryptocurrency regulation landscape, the Chamber of Digital Commerce has voiced its backing for Kraken amid the exchange’s ongoing legal battle with the…
Terraform Labs Faces SEC Scrutiny Over Suspicious $166 Million Payment: Report
In a recent filing, the U.S. Securities and Exchange Commission (SEC) has urged the Delaware bankruptcy court to reject Terraform Labs’ proposal to retain Dentons U.S. LLC as its special…