Janet Yellen, U.S. Secretary of the Treasury, affirmed the need to regulate the cryptocurrency sector beyond securities laws on Feb. 6. Yellen made those remarks during a hearing before the U.S. House of Representatives Committee on Financial Services. There, she said: “The [Treasury’s Financial Stability Oversight Council (FSOC)] is focused on digital assets and related …
Monthly archives: February 2024
SEC delays Invesco Galaxy spot ETH ETF, but May decisions are still expected
The U.S. Securities and Exchange Commission (SEC) extended the decision period for Invesco and Galaxy’s spot Ethereum ETF on Feb. 6. The agency’s announcement specifically concerns a proposed rule change from Cboe BZX that would allow it to list and trade shares of the fund. The SEC said that the proposed rule change was published …
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Ronin down nearly 30% after Binance listing
Ronin (RON) saw its value plummet by 26% right after its listing on the Binance exchange, erasing a 15% gain and marking a nearly 30% drop in the last 24 hours. Following a short-lived recovery that pushed Ronin above the $3 mark for the first time since February 2022, the digital asset encountered strong resistance …
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Genesis’ bankruptcy plan faces pushback from parent company DCG over creditor payouts
Digital Currency Group (DCG), the parent company of the defunct crypto lender Genesis, has filed an objection against the approval of its subsidiary’s bankruptcy plan, which was created via a “clandestine approach.” In a Feb. 5 court filing, DCG argued that Genesis’ plan aims to exceed legal obligations by overcompensating creditors. According to the firm, …
Nibiru Chain Secures $12 Million To Fuel Developer-Focused Layer One Blockchain
Nibiru Chain, a general-purpose layer one blockchain, has successfully closed its latest round of funding, securing $12 million to set the stage for an ambitious phase of growth. Venture investments included contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital and Banter Capital. Tom Dunleavy, CIO and partner at Master Ventures Capital, said, …
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Taki Games and Game7 Make Web 3.0 Loyalty Accessible to Mainstream Gamers
February 6, 2024 – Singapore, Singapore Taki Games, the player-owned mobile gaming network powered by the TAKI token, has launched its latest mobile game in partnership with the Web 3.0 player-owned Game7 nation. Game7 Food Fighter is an exciting new title, developed by Taki Games, that merges highly addictive gameplay with a novel tokenomic design …
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Aeternity Foundation Enhances Blockchain Ecosystem With Strategic Leadership and Partnerships
February 6, 2024 – Sofia, Bulgaria The Aeternity Foundation is making a strategic move to accelerate the growth of the Aeternity blockchain ecosystem. Under the leadership of Nikola Stojanow, co-founder of Aeternity, the foundation is gearing up to integrate advanced strategies encompassing technology and marketing, aiming to synergize technological innovation with ecosystem development. In this …
NFT Platform X2Y2 Pro Joins the Oasys Blockchain Gaming Ecosystem
February 6, 2024 – Singapore, Singapore X2Y2 Pro, a leading platform for NFT holders and traders, has officially joined the Oasys blockchain gaming ecosystem, marking a significant milestone in the evolution of Web 3.0 gaming. Launched last year, X2Y2 Pro is the NFT aggregator of X2Y2, a marketplace platform that enables users to buy, sell …
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Majority of Crypto Market Participants See Bitcoin Running As High as $100,000 in Next BTC Expansion: Bitget
Most crypto participants believe that Bitcoin (BTC) will surpass its all-time high (ATH) price sometime after the upcoming halving event, according to a new study. The research, issued by crypto trading platform Bitget, surveyed 9,748 crypto investors from different regions across the globe, including West Europe, East Europe, South East Asia, East Asia, MENA (Middle …
Solana resumes operations after resolving major outage
The Solana blockchain network resumed full operations following a five-hour major outage that temporarily halted transactions and disrupted services. The interruption, which started at approximately 9:53 AM UTC, was resolved after a collaborative effort by Solana’s engineers and validator operators, leading to a successful network restart at 14:57 UTC. It was the first outage for …
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Satoshi Trial: Craig Wright confronted on fake evidence, ‘I am better at code than words’ – Day 2
Bitcoin’s origin story took center stage on day two as Dr. Craig Wright, who claims to be Satoshi Nakamoto, took the witness stand under oath. Wright faces allegations of presenting forged documents to support his identity claim by the Crypto Open Patent Alliance (COPA). In the initial morning session, Justice Mellor explicitly stated the difficulty …
Bitcoin inscriptions surpass 60 million with majority text-based
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 …
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Chainlink’s LINK token hits five-month high in exchange balance amid $75 million inflow
Chainlink’s LINK token has surged to a five-month high in exchange balance, marking a notable uptick in inflows for the first time this year. The Glassnode charts below show that approximately $75 million worth of LINK has flooded onto cryptocurrency trading platforms since Feb. 1. Consequently, its exchange balance has surged to around 120 million …
Binance’s delisting move sends Monero and Multichain values tumbling 20%
Two digital assets, Monero’s XMR, and Multichain’s MULTI, saw a steep drop in value after Binance, the largest crypto exchange by trading volume, revealed that they would be delisted by Feb. 20. Earlier today, Feb. 6, Binance said XMR and MULTI, alongside other digital assets like Aragon (ANT) and Vai (VAI), would be delisted and removed …
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Dramatic decrease in Bitcoin supply above $50,000
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 …
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