Bitcoin miners in the US face growing uncertainty as customs detainments of foreign ASICs increase. Bitcoin mining hardware is facing increased scrutiny from US officials. Recent seizures at entry points hint at a broader enforcement push that could impact major manufacturers and miners alike. At the request of the Federal...
BTC-e Operator Released in US-Russia Prisoner Swap
The exchange comes amid strained U.S.-Russia relations over Ukraine, highlighting the complexities of high-profile prisoner swaps. Russian national Alexander Vinnik, previously convicted for running a multi-billion-dollar money-laundering operation through his BTC-e crypto exchange, has been released in a prisoner exchange between Russia and the United States. In return, Moscow freed...
Estonian Nationals Plead Guilty in $577M HashFlare Crypto Ponzi Scheme
Sergei Potapenko and Ivan Turõgin’s $577M crypto scam included fake mining contracts and a nonexistent bank, leading to their guilty pleas. Two Estonian citizens pleaded guilty yesterday to running a massive cryptocurrency Ponzi scheme that defrauded hundreds of thousands of investors worldwide, including in the United States. The scheme involved...
These Factors Could Trigger the Next Altcoin Season, According to Bybit
Current dynamics signal a structural shift in market behavior, indicating that the next altseason will need more than usual to commence. The cryptocurrency market is witnessing the delayed arrival of an altcoin boom in the current bull cycle. Crypto exchange and derivatives trading platform Bybit has released a joint report...
Solana Apps Generate 10x More Revenue Than Ethereum: Research
Solana doubled Ethereum’s trading volume, hitting $5.39B vs. $2.14B, while perpetual trading reached $1.09B, surpassing Ethereum’s $470M. Solana is defying the market downturn, generating significantly more revenue than Ethereum. Data collected by blockchain researcher Aylo shows Solana-based apps pulled in ten times more revenue than their Ethereum-based counterparts. Speculation as...
Major Pi Network (PI) Achievement Ahead of Open Network Launch
The launch of Pi Network's Open Network is scheduled for next week. TL;DR Pi Network’s follower count on X has surged to 3.7 million, placing it among the top five most-followed cryptocurrencies globally. The upcoming Open Network launch is set to make Pi tokens publicly tradable, with major exchanges like...
Will Crypto Markets React to $2B Bitcoin Options Expiring
Friday has come around again, and that means Bitcoin options expiry day, but can it provide a spark of momentum for spot markets, which have been pretty flat all week? Around 21,300 Bitcoin options contracts will expire on Friday, Feb. 14, and they have a notional value of roughly $2...
Metaplanet to Join the MSCI Japan Index in February
Metaplanet’s addition to the MSCI Japan Index is expected to drive passive investment from ETFs and institutional funds. Metaplanet, a Japanese Bitcoin investment firm, is set to be included in the MSCI Japan Index on February 28, a move expected to drive significant investment inflows. This development comes as the...
Crypto Boom Boosts Robinhood’s Revenue by Over 700% in Q4 2024
Last summer, Robinhood announced its $200 million acquisition of Bitstamp to deepen its global crypto presence with one of the oldest exchanges Robinhood Markets saw its revenue more than double in the fourth quarter of 2024. This was fueled by a surge in cryptocurrency trading owing to the favorable US...
CZ Weighs Community Proposal for Meme Coin Inspired by His Dog
CZ calls a community-driven meme coin idea “pretty interesting,” sparking anticipation despite his previous skepticism of such tokens. Changpeng Zhao, the founder and former CEO of Binance, has said he will consider a community suggestion to create a meme coin inspired by his pet dog. The idea emerged after a...
