Republican senators slam Gensler’s SEC over mishandling DEBT Box case

Several Republican senators have criticized the SEC’s recent mishandling of the DEBT Box case as “unethical” and raised questions about the watchdog’s regulatory approach under the leadership of chair Gary Gensler. The five senators said in a letter dated Feb. 7 that the SEC’s blunders in the case were “unacceptable” and raised several concerns about its …

US Treasury report finds crypto use in illicit financial activity remains small but growing fraction of total flows

The U.S. Treasury Department said on Feb. 8 that its latest risk assessments show that virtual assets currently represent a small fraction of total money laundering flows compared to fiat currencies; however, they are becoming an increasing concern for regulatory and enforcement agencies. The regulator revealed the findings in its 2024 National Risk Assessments for …

Bernstein Analysts Say Bitcoin Will Explode to New All-Time Highs on ETF-Fueled Rallies: Report

Analysts at Wall Street brokerage giant Bernstein reportedly think that Bitcoin (BTC) will surge into the $70,000 range by the end of the year. According to a new report by StreetInsider, analysts Gautam Chhugani and Mahika Sapra say in a new research note that the impact of the recently approved spot BTC exchange-traded funds (ETFs) …

Crypto Trader Says Altcoin Market Cap Is About To Begin a ‘Historic’ Breakout – Here’s What Could Set It Off

A widely followed crypto analyst says altcoin markets are set to break out. Pseudonymous crypto trader Rekt Capital tells his 396,000 followers on the social media platform X that the altcoin market cap is about to blow. “Altcoin market cap is on the cusp of a historic breakout” Source: Rekt Capital/X According to the trader, Ethereum’s (ETH) …

Crypto Exchange CEO Sentenced to Seven Years in Prison for Swindling Millions From Customers: Report

South Korean authorities have reportedly convicted two top executives of the crypto exchange Bitsonic. According to local news agency Newsis, the Seoul Eastern District Court sentenced Bitsonic CEO Jinwook Shin to seven years in prison during his first trial on charges that accused him of defrauding users of the exchange. Shin is said to have …

Montenegro’s Appellate Court Revokes Terra (LUNA) Founder Do Kwon’s Extradition to the US, Orders a Retrial

An appellate court in Montenegro is revoking the extradition of disgraced Terra (LUNA) founder Do Kwon to the US and has ordered a retrial. According to a new press release, an appeals court yesterday overturned the decision of the high court made late last year, which ruled that Kwon is to be extradited to both …

MicroStrategy’s Bitcoin Stash Grows to 190,000 BTC After Adding $37,200,000 Worth in January

Business intelligence firm MicroStrategy continues to solidify its status as the world’s largest corporate holder of Bitcoin (BTC) with its most recent purchase of the flagship digital asset. In a new thread, MicroStrategy founder Michael Saylor says that the company bought an additional 850 BTC for a price of about $37 million in January. The …

Unveiling the Excellence of Aronix Capital: A Review of Online Trading Prowess

Welcome to our featured exploration of Aronix Capital, a distinguished online brokerage firm headquartered in Switzerland. In this review, we’ll delve into the features, offerings, and overall user experience provided by Aronix Capital. With a diverse portfolio spanning stocks, cryptocurrencies, commodities, forex, and indices trading, Aronix Capital aims to cater to the diverse needs and …

Montenegro appellate court blocks Do Kwon’s extradition

In a significant legal turnaround, the Appellate Court of Montenegro issued a decision on Feb. 7, 2024, overturning the previous ruling of the High Court in Podgorica concerning the extradition of Terraform Labs founder Hyeong Do Kwon. The court’s decision was announced in a press release published on Feb. 8. The case, marked by international …

Major institutions signal growing interest in Bitcoin ETFs

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Bitcoin above $44k spurs market confidence with spike in unrealized profits

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Starknet-based zkLend announces ZEND token, reveals ambitious 2024 roadmap

zkLend, a money market protocol built on the Ethereum layer2 network Starknet, is preparing to launch its native ZEND token this year to enhance its platform’s utility. In a Feb. 7 statement shared with CryptoSlate, the platform explained that the token would be airdropped at an undisclosed time to the platform’s users, who are currently …

Bitcoin hits four-year low in exchange withdrawals

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Could Bitcoin echo GameStop with a Mother Of All Supply Squeezes? Maybe

The 2021 GameStop saga, recently featured in a Netflix movie, may have unexpected parallels with Bitcoin, particularly in the context of a potential supply crunch. Echoes of the Reddit-fueled’ mother of all short squeezes’ (MOASS) for GameStop, in Bitcoin’s context, could manifest as a significant supply squeeze, or ‘Bitcoin Mother Of All Supply Squeezes’ (Bitcoin …

Bitcoin breakout against US bonds sees it hit new all-time high

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