Tag: News

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Grayscale Reduces Bitcoin Holdings as Competing ETFs Continue to Bolster Reserves

February 7, 2024

After the trading activity on Monday, which saw $642 million in transaction volume, Grayscale’s Bitcoin Trust sold off approximately 3,426.99 bitcoin, valued at around $147 million. Following Tuesday’s trading activity, GBTC offloaded an additional 2,565.39 bitcoin, valued at $110 million. Concurrently, Blackrock’s IBIT has acquired an additional 3,235.87 bitcoin, while Fidelity’s FBTC has secured 2,732.75…
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Web3 Game Developer Wemade Reports Widening Losses in Q4 2023

February 6, 2024

South Korean Web3 game developer Wemade has disclosed a significant increase in operating and net losses in the fourth quarter of last year, as per its latest earnings report. According to the report released on Tuesday, the Kosdaq-listed company’s net loss surged to 189.5 billion won ($142.6 million) in the fourth quarter of 2023, compared…
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Solana Faces First Outage of the Year; Engineers Deploy Fix as SOL Dips 3%

February 6, 2024

The Solana layer one (L1) blockchain is currently experiencing a service disruption, with the Solana Status website revealing that engineers are actively probing the cause. Validators on mainnet have received instructions to implement an upgrade to version 1.17.20 and to initiate a system reboot. ** Editor’s note: Solana Status notes that block production resumed at…
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Bitcoin Price Prediction: BTC Consolidates Near $42,830 Amid Cathie Wood’s Gold Comparison

February 6, 2024

Bitcoin price prediction; February 6, 2024 Bitcoin price prediction remains bullish as BTC‘s climb to $42,830 ignites discussions, with Cathie Wood championing it as the new gold, reshaping investment strategies in the digital age. Market sentiment appears cautiously optimistic as influential voices like Cathie Wood compare Bitcoin’s utility to that of gold, suggesting a paradigm…
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Crypto Yield Firm Haru Invest Execs Arrested in S.Korea for Laundering User Funds

February 6, 2024

Top executives of Haru Invest, a South Korean crypto yield platform, have been arrested by the county’s prosecutors on Monday. The crypto investigation arm of the Seoul Southern District Prosecutors’ Office have arrested three people in connection with crypto fraud worth 1 trillion Won ($752 million). Per the prosecutors’ charges, the three accused, including the…
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WisdomTree ‘Very Close’ to Securing New York License for Crypto Services: Fox Business

February 6, 2024

WisdomTree, known for its spot Bitcoin exchange-traded fund (ETF), is reportedly finalizing efforts to secure a license from the New York Department of Financial Services (NYDFS). WisdomTree to Get Limited Purpose Trust Charter According to Fox Business reporter Eleanor Terrett, the NYDFS is nearly ready to approve WisdomTree’s application for its Limited Purpose Trust Charter,…
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South Korean Crypto Exchange Bithumb Reinstates Commission Fees After Four Months

February 6, 2024

The South Korean crypto exchange Bithumb ended its four-month campaign of commission-free crypto trading on February 5. Per Insight Korea, Bithumb began charging a 0.04% fee “for all crypto transactions starting from February 5.” Bithumb vs Upbit: South Korean Crypto Exchange Rivals Go to War? The exchange has been trying to claw back market share…
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Lawmaker: Lack of Russian Crypto Regulations ‘Undermines Moscow’s Anti-Sanctions Policies’

February 6, 2024

A leading politician thinks insufficient Russian crypto regulation is “undermining the government’s efforts to counter” Western economic sanctions. The media outlet RBC quoted Andrei Lugovoy, the First Deputy Chairman of the State Duma’s Committee on Security and Anti-Corruption, as calling Russian crypto policy “bad to disgusting.” Russian Crypto Policy Is ‘Lacking,’ Lawmaker Fumes Lugovoy was…
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Taproot Wizards’ Quantum Cats NFTs Leap Past Technical Glitches to Amass $11.3M in Bitcoin

February 6, 2024

The sale of Taproot Wizards’ Quantum Cats non-fungible tokens (NFTs) has so far successfully amassed 268.3 bitcoin, equating to $11.3 million at the current market value. This achievement comes despite earlier hurdles that delayed the sale due to technical issues, resulting in 2,681 Quantum Cat NFTs being snapped up thus far. Quantum Cats NFT Mint…
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Stablecoin Issuer Tether Leads $25 Million Funding Round for Mobile Payment Startup Oobit

February 5, 2024

On Monday, Tether, the leading issuer of stablecoins, revealed its role as the lead investor in the Series A funding round of mobile payment startup Oobit, which successfully garnered $25 million. The investment round saw contributions from notable entities such as Titan Fund, Solana’s Anatoly Yakovenko, and 468 Capital. Oobit Secures $25 Million in Series…
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