Coinbase has donated $25M to crypto super-PAC Fairshake; Ripple has given $20M

Coinbase and Ripple are among the largest donors to a super PAC that aims to support pro-crypto politicians, Bloomberg reported on Jan. 31. Coinbase has contributed $24.5 million to Fairshake, PAC spokesperson Josh Vlasto told Bloomberg. Coinbase CEO Brian Armstrong has also personally given $1 million to the PAC. Those donations make up about one-third …

BlackRock wants to project Bitcoin ETF ads onto former banks, filing says

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Top Analyst Warns Solana Flashing Bearish Signals, Updates Forecast on Sei and One Dogecoin Rival

A crypto analyst who accurately called Bitcoin’s (BTC) price floor during the 2018 bear market is suddenly flipping bearish on Solana (SOL). Pseudonymous analyst Bluntz tells his 239,000 followers on the social media platform X that Solana is flashing multiple bearish signals on the daily chart after rallying to a seven-day high of around $106. …

Bitfinex Securities Starts Operations In El Salvador – Here Are The Details

Over the last few years, El Salvador has been making considerable efforts to become Latin America’s crypto hub. Today, two and a half years after adopting Bitcoin as a legal currency in the country, Bitfinex Securities announced the launch of Bitfinex Securities El Salvador S.A., the first platform to offer tokenized securities. Launching The First …

Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million

XRP experienced a significant price drop early Wednesday amidst rumors of a potential exploit. The XRP price dropped more than 4% to $0.4853 but later recovered to $0.500 following a clarification from one of Ripple’s co-founders. Personal XRP Accounts Impacted, Not Ripple’s Initial reports suggested that Ripple had suffered a significant security breach, which was …

Billionaire Tim Draper’s Forecast: Bitcoin To Hit $250,000 By 2025

Renowned billionaire investor Tim Draper has again captured the crypto community’s attention with his bullish stance on Bitcoin. Despite missing his previous forecast 2018, where he predicted Bitcoin would hit $250,000 by 2022, Draper remains steadfast in his belief in Bitcoin’s potential. Bitcoin To Hit $250,000 By 2025 In a recent Bloomberg interview, Draper first …

Ethereum to $20,000: Analyst Sees Spot Ethereum ETFs Fueling Bull Run

A crypto analyst, Eric, believes Ethereum (ETH) could spike to $20,000 in the upcoming bull run. The analyst said the potential launch of spot Ethereum exchange-traded funds (ETFs) in the United States will propel this upswing. Ethereum To $20,000 Possible In a post on X, Eric cited Ethereum’s historical tendency to mirror Bitcoin (BTC), albeit with …

Crypto Analyst Predicts Shiba Inu Price To Surge Above $0.00001

After months of experiencing slow growth, the Shiba Inu native token SHIB has begun riding the bull market wave and surging with new gains. As a result, a crypto analyst has predicted new highs for the doggy-themed cryptocurrency, estimating the price of SHIB to reach $0.00001. Analyst Foresees Bullish Trajectory For Shiba Inu Crypto analyst …

Tether Sees Record-Breaking Profits, Largely Driven by Interest Payments From US Treasuries

Stablecoin issuer Tether’s latest attestation report reveals that the firm made record profits in Q4, mostly driven by interest payments from US treasuries. According to the report, Tether made $2.5 billion in profits during the fourth quarter of 2023, the highest net profit the firm has ever seen. “In terms of financial performance, the fourth …

Ripple co-founder Chris Larsen’s XRP wallet hacked for estimated $112 million

Chris Larsen, executive chairman and co-founder of Ripple, said on Jan. 31 that several of his personal XRP accounts had been hacked. He wrote in a post on X: “Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple) – we were quickly able to catch the problem and notify …

UK authorities seize £1.4 billion in Bitcoin linked to Chinese investment fraud scheme

U.K. authorities seized 61,000 BTC valued at approximately £1.4 billion (or $1.78 billion) related to an investment fraud that operated in China, the Financial Times reported. The mastermind behind the fraud, Zhimin Qian, converted part of the profits from a £5 billion investment scam operated in China between 2014 and 2017 into the top cryptocurrency …

Hong Kong authorities investigating Worldcoin over data privacy concerns

The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has initiated an investigation into Worldcoin over data privacy concerns related to its collection of biometric data, according to a Jan. 31 press release. The PCPD said it executed court warrants to enter six Worldcoin premises on Jan. 31 in Yau Ma …

FTX abandons resurrection plans in favor of liquidation to fully repay customers affected by collapse

In a significant development in the FTX bankruptcy saga, the company has decided it will not revive the exchange and will instead liquidate its assets to fully compensate customers affected by its collapse. The decision was announced by FTX’s attorney, Andy Dietderich, during the exchange’s latest bankruptcy hearing on Jan. 31. The exchange’s native token …

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