Author: Tony Pearce
Citadel Securities Acquires Stake in Silvergate Bank
Reading Time: < 1 minuteInvestment firms Citadel Securities and Susquehanna Advisors Group have recently disclosed their purchase of 7.5% and 5.5% equity stakes in Silvergate.
Institutional Investors Withdraw Funds from Crypto Funds for First Time in Four Weeks
Reading Time: < 1 minuteInstitutions last week withdrew funds from instruments focused on digital currencies for the first time since the beginning of 2023.
BNY Mellon: Cryptocurrencies Are Firmly Entrenched in the Financial Sector
Reading Time: < 1 minuteAccording to Michael Demissie, Head of Advanced Solutions at BNY Mellon, cryptocurrencies are firmly entrenched in the financial sector.
LocalBitcoins Shuts Down
Reading Time: < 1 minuteThe Finnish company has just announced it is suspending its operations.
Aave Launches its GHO Stablecoin on Ethereum Testnet
Reading Time: < 1 minuteAave Companies has launched the GHO stablecoin on the Ethereum testnet Goerli.
Dubai Bans Transactions with Private Tokens
Reading Time: < 1 minuteThe United Arab Emirates is tightening its control over the cryptocurrency sector.
The BIS Plans to Develop a Platform for Monitoring Stablecoin Reserves
Reading Time: < 1 minuteThe Bank for International Settlements has announced that it is working on the creation of a monitoring system for the sufficiency of backing “stablecoins.”
Crypto-based Investment Funds Received $76M Last Week
Reading Time: < 1 minuteLarge investors have invested approximately $76 million in such instruments over the past week.
Visa Announces Launch of Platform for Exchanging Stablecoins for Fiat Money
Reading Time: < 1 minuteThe company plans to build a global blockchain payment infrastructure whose underlying asset will be fiat-backed stablecoins.
2.04 Million DOGE Tokens Dormant for 9 Years Are Moved
Reading Time: < 1 minuteAn unknown user moved on February 5 2,043,137 DOGE that had been idle since December 31, 2013.
Binance Releases a Tax Tool to Provide Tax Details For Crypto Transactions
Reading Time: < 1 minuteCryptocurrency exchange Binance has just announced the launch of Binance Tax.
CFTC Chairman Advocates for an Accelerated Implementation of a Cryptocurrency Legislation
Reading Time: < 1 minuteThe Commodity Futures Trading Commission (CFTC) plans to increase its control over the cryptocurrency industry.
Cybercriminals Stole $3.4 Billion in Cryptocurrencies in 2022
Reading Time: < 1 minuteNorth Korean hackers stole $1.7 billion in virtual assets in 2022.
German Bank DekaBank Launches a Crypto Custody Service
Reading Time: < 1 minuteGerman bank DekaBank has recently teamed up with Metaco to use its Harmonize product.
Bithumb’s Owner is Reportedly Arrested
Reading Time: < 1 minuteThe owner of crypto exchange Bithumb, Kang Jong-hyun, has been arrested in South Korea.
Israel’s Web3 Businesses Organize First Annual ETHTLV
Reading Time: 2 minutesThe most prominent web3-centered businesses in Israel have come together to organize the first annual ETHTLV, which will run from February 1 to 9 in Tel Aviv, Israel.
BTC Futures Go into Contango for First Time Since FTX Collapse
Reading Time: < 1 minuteThe strong demand in the spot market and the closing of short positions in January have led to Bitcoin’s biggest rally since October 2021.
Investment in Crypto Funds Rises to $117 Million
Reading Time: < 1 minuteInstitutional investors have again become interested in tools focused on cryptocurrencies.
US Institutional Investors Account for Up to 85% of BTC Transactions
Reading Time: < 1 minuteUS institutional investors show the greatest interest in Bitcoin.
White House Urges Congress to Intensify Crypto Regulation
Reading Time: < 1 minuteThe Biden administration has called on the US Congress to “intensify efforts” to oversee the digital asset market.
Circle: The SEC is Not The Reason for Termination of Our Agreement with Concord Acquisition
Reading Time: < 1 minuteThe Securities and Exchange Commission has not caused Circle to terminate its agreement with Concord Acquisition as part of the SPAC merger.
Optimism Network’s On-chain Activity Drops After End of NFT Bonus Program
Reading Time: < 1 minuteThe daily transaction volume on the Optimism Tier 2 network has dropped to 238,000 from a recent 800,000.
Electric Car Maker Tesla Stopped Selling BTC in Q4 2022
Reading Time: < 1 minuteElectric car manufacturer Tesla reported in February 2021 that it had acquired $1.5 billion in Bitcoins, entering the list of largest digital currency holders.
Saudi Arabia is Not in the Hurry to Develop its CBDC
Reading Time: < 1 minuteThe Central Bank of Saudi Arabia will not rush to create a token.
COTI Plans to Launch its Own Stablecoin on Cardano’s Blockchain
Reading Time: < 1 minuteCOTI Network has announced it plans to launch its algorithmic stablecoin Djed next month.
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