Bitcoin On The Brink: Is A “Big Move” Imminent?

The state of Bitcoin (BTC) price action across multiple time frames has analysts at the edge of their seats. As of February 7, various technical formations suggest that the leading crypto appears poised for a critical breakout from the current consolidation.  Is Bitcoin Preparing For A Big Move? Taking to X, Mags thinks Bitcoin is in for …

Ransomware Makes Comeback With Over $1,000,000,000 Extorted in 2023, According to Chainalysis

New data from market intelligence platform Chainalysis reveals that ransomware attacks resurfaced in 2023, extorting over $1 billion from investors throughout the year. In a new blog post, Chainalysis says that 2023 saw a rise in the number of ransomware attacks across the board – and the firm believes it’ll only increase. “Ransomware payments in …

Bitcoin surpasses $44.2k, a level last seen days after Bitcoin ETF approvals

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …

Monero rebounds with 23% gain, marking recovery from news of Binance delisting

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …

Ark and 21Shares amend spot Ethereum ETF with cash creation/redemption policy

Ark Invest and 21Shares amended their joint application for a spot Ethereum exchange-traded fund (ETF) in a Feb. 7 S-1 filing. According to one section, financial firms that are allowed to purchase and redeem ETF shares will only have access to cash creations and redemptions. They will not have access to in-kind creations and redemptions …

Abu Dhabi Global Market partners with Solana Foundation to drive web3 adoption in UAE

The Abu Dhabi Global Market (ADGM) has signed a Memorandum of Understanding (MOU) with the Solana Foundation to drive the adoption of Distributed Ledger Technology (DLT) solutions and propel blockchain innovation, according to a Feb. 7 press release. The announcement comes on the heels of ADGM’s pioneering introduction of the DLT Foundations Regulations, a global …

Prosecutors raise concerns over lawyers defending SBF, Mashinsky

U.S. prosecutors have requested a special hearing to delve into potential conflicts of interest involving lawyers representing two notable figures in the crypto world: Sam Bankman-Fried (SBF), the former CEO of FTX, and Alex Mashinsky, the former head of Celsius Network. Both individuals are currently facing criminal charges related to fraud after their respective companies …

COPA lawyers struggle to keep Wright on topic as courtroom heats up – Satoshi Trial Day 3

On Day three of the COPA v WRIGHT trial to determine whether Dr. Craig Wright is Satoshi Nakamoto, Wright, visibly frustrated, gave impassioned monologues around his thousands of whitepapers and how his vision for Bitcoin differs from the current iteration. Noting that the bodies, cameras, and equipment in the courtroom had caused the temperature to …

Pro-XRP Lawyer Says Coinbase Has 40% Chance of Winning Motion To Dismiss SEC Lawsuit

XRP supporter and lawyer John Deaton is weighing in on the possibility of Coinbase emerging victorious in a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against the US-based crypto exchange. Speaking at the iConnections Global Alts conference, Deaton says Coinbase has a “big” chance of getting SEC’s lawsuit tossed out before going …

Imminent Dollar Decline Will Trigger Massive Crypto Blow-Off Top, According to Glassnode Founders

Closely followed crypto analysts say that a weakening US dollar will lead to a huge rally in digital assets in the near future. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say that the dollar index (DXY) is nearing the end of a bounce which …

Treasury Secretary Janet Yellen Issues Warning on Crypto Asset Volatility, Says Legislation Needed

U.S. Treasury Secretary Janet Yellen wants Congress to act on crypto. Yellen testified before the House Committee on Financial Services on Tuesday and outlined the Financial Stability Oversight Council’s (FSOC) ongoing areas of focus in 2024. The FSOC is a Treasury office that aims to identify and assess emerging threats to US financial stability. In …

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