Options on spot Bitcoin exchange-traded funds (ETFs) may not earn regulatory approval for several months, Reuters reported on Feb. 1. Martin Leinweber, digital asset product strategist for MarketVector Indexes, told Reuters that it may take two to ten months for those options to gain approval. This implies a possible approval date between April and December […]
Rario Reverts Proposed Changes to Rewards System
Rario, the world’s premier licensed digital cricket collectible platform, received significant backlash from users recently over proposed changes to its rewards system. However, the company announced this week that it has decided to walk back the adjustments and maintain the current program following pleas from collectors. New Update pic.twitter.com/S7KpipP8CS — Rario (@rariohq) February 1, 2024 […]
Solana Faces Challenges After $108 Rejection, Analysts Divided on SOL
SOL experienced a significant drop after being rejected at the $108 level. It traded between $99 and $108 for more than two weeks, showing a lack of bullish momentum. The formation of a “death cross” pattern suggests a potential for prolonged bearish trends. Solana’s native token, SOL, plunged this week after facing rejection around the […]
Crypto Exchange Bybit Applies for VATP License in Hong Kong
The SFC has issued licenses to only two cryptocurrency exchanges in Hong Kong so far. Businesses may cater to both retail and professional investors with the VATP license. The Hong Kong Securities and Exchange Commission (SFC) has received an application from the Bybit crypto exchange seeking a Virtual Asset Trading Operator (VATP) license. The SFC […]
Tether launching new arm to create, coordinate educational initiatives
Education provides the tools to catalyze the rewriting of economic history, CEO Paolo Ardoino said. Tether has created an educational branch that will provide courses, workshops and other resources for skills development in blockchain technology and other digital fields. The new branch of Tether, issuer of Tether (USDT), the world’s largest stablecoin by market cap, […]
Genesis reaches $21M settlement with SEC over Gemini Earn program
The Genesis legal team proposed a Feb. 14 hearing to recognize the SEC settlement as part of its bankruptcy case. Bankrupt firm Genesis Global Holdco and its affiliates said they had settled with the United States Securities and Exchange Commission (SEC) for $21 million. In a Jan. 31 filing in U.S. Bankruptcy Court for the […]
Celsius Emerges From Bankruptcy, Begins to Distribute $3 Billion to Creditors
Celsius has concluded its Chapter 11 bankruptcy process and is embarking on a new journey with the launch of Ionic Digital, Inc., a bitcoin mining company managed by Hut 8 Corp. This development follows a complex legal and financial restructuring, which will include over $3 billion distributed to creditors. Celsius Ends Bankruptcy Saga, Will Return […]
Valkyrie Becomes First Spot Bitcoin ETF to Diversify Coin Custody, Uses Coinbase and BitGo
Digital asset investment firm, Valkyrie, has become the first spot Bitcoin Exchange-Traded Fund (ETF) to diversify the custody of its coins, according to a recent Securities and Exchange Commission (SEC) filing. In a move to enhance security and reliability, Valkyrie is now working with leading custodian provider BitGo, already in addition to Coinbase, to safeguard their funds. […]
InterWorld Announces $ITW Token Launch Event on GemPad Platform
George Town, Cayman Islands, February 1st, 2024, Chainwire InterWorld, a pioneering force in the digital economy, is excited to announce the launch of its native token, $ITW. The event is scheduled to commence on February 14th, 2024, and will be hosted on the GemPad platform, a renowned decentralized fundraising platform. The launch of the $ITW […]
Crypto Lawyer Reveals Fed’s Involvement in ‘Operation Chokepoint’ on Digital Assets
Image Source: Jimmy Aki, Midjourney On January 31, popular crypto lawyer James Murphy exposed subtle anti-crypto moves by the US Federal Reserve against crypto custody firm Custodia Bank. ‘Master Account’ Approval Takes Forever In a post on X (formerly Twitter), James “MetaLawMan” Murphy revealed a perceived coordinated anti-crypto effort by US government agencies, stirring concerns […]