Pro-crypto Hester Peirce, who serves on the U.S. Securities and Exchange Commission (SEC), is warning memecoin traders that they are on their own when it comes to losses. In a new interview on the Bankless podcast, Peirce, who is leading the SEC’s new crypto task force, says memecoins may fall outside the federal regulatory agency’s …
Monthly archives: February 2025
President Trump Marking the ‘Golden Era of Crypto,’ According to Binance CEO Richard Teng
Binance CEO Richard Teng says that the election of pro-crypto US President Donald Trump is ushering in a prosperous era for digital assets around the globe. In a new interview with Bloomberg Television, Teng says that Trump, who has been in office for just over four weeks, will help drive the adoption of crypto assets …
Chainalysis Develops System Enabling Law Enforcement To Trace and Seize Illicit Crypto Assets
The blockchain data analysis firm Chainalysis says it has developed an “integrated solution” designed to help law enforcement track stolen crypto. The firm says the new solution relies on two primary tools. The first is the firm’s preexisting blockchain investigation software, “Chainalysis Reactor,” which aims to help law enforcement officials track crypto across blockchains and …
President of Argentina Faces Scandal Over $LIBRA Crypto Promotion
President Javier Milei denied direct involvement in $LIBRA but could face a lawsuit, investigation, and impeachment trial. Argentinian President Javier Milei faces investigations and impeachment threats over his promotion of a cryptocurrency on social media. The President’s Office said that Milei communicated about a memecoin, $LIBRA, on his X account on Feb. 14 but soon …
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Why the drop in Bitcoin UTXOs, transactions, and fees is not bearish
What is CryptoSlate Alpha? CryptoSlate Alpha requires a one-time purchase of our membership NFT using SOL, the native token of Solana. Connecting your Solana wallet is required to complete the purchase. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Disclaimer: …
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Tether unveils ‘TradeFi’ to transform global trade with blockchain solutions
Tether has introduced TradeFi, a new service designed to enhance global trade through innovative financing solutions. On Feb. 19, the company’s CEO, Paolo Ardoino, shared the announcement on X, emphasizing that TradeFi will address the financial needs of modern commerce. TradeFi expands Tether’s growing product portfolio, which already includes stablecoins, asset tokenization, and wallet development …
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Nigeria demands $81 billion from Binance in unprecedented tax and penalty blitz
Nigeria’s Federal Inland Revenue Service (FIRS) has taken legal action against Binance Holdings Limited, demanding over $81 billion in unpaid taxes and penalties. On Nov. 19, local media outlet Nairametrics reported that this claim includes $79.5 billion in economic damages and an additional N231 million ($153,223) tied to Binance’s operations. The tax authority also seeks …
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Ethereum’s dwindling exchange reserves point to shifting investor behavior
Ethereum reserves on exchanges have dropped to their lowest level in nearly seven years, signaling a growing trend of long-term holding and self-custody. Data from CryptoQuant shows that only 19 million ETH remain on exchanges, a figure not seen since 2018. Ethereum Exchange Reserve (Source: CryptoQuant) On-chain analytics firm Santiment added that ETH continues to …
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Czech central bank governor urges study of Bitcoin being distinct from other digital assets
Czech National Bank (CNB) Governor Aleš Michl has urged central bankers to study Bitcoin, emphasizing that it should not be grouped with other digital assets. In a Feb. 19 post on X, Michl stated that central banks should examine Bitcoin and its underlying technology rather than dismissing it alongside other digital assets. According to him, …
Hong Kong plans major crypto regulatory overhaul highlighting $3 trillion opportunity
Hong Kong’s Securities and Futures Commission has outlined a new ASPIRe roadmap for asset regulation. The agency’s statement details a framework that sets parameters for market entry, investor protection, and operational transparency in the digital asset space. Per an SFC document, the plan introduces a five-pillar “ASPIRe” approach—access, Safeguards, Products, Infrastructure, and Relationships—to address the …
Bitcoin miner Riot tells Texas Congress state Bitcoin reserve needed to ‘prepare for future downturns’
Riot Platforms’ VP of Research, Pierre Rochard, yesterday testified before the Texas Senate Committee on Business and Commerce in support of Senate Bill 21, which would establish a state Bitcoin reserve. His testimony on Feb. 18 detailed the proposal’s role in strengthening state finances amid economic uncertainty and emphasized Bitcoin’s verifiable ledger and capped supply …
Bitcoin Emerges as Hedge in Iran’s Economic Crisis, Chainalysis Study Shows
A Chainalysis report reveals that cryptocurrency has become a critical tool for capital flight in Iran as geopolitical tensions and economic instability drive individuals and businesses to bypass stringent financial sanctions. Report Shows Economic Turmoil and Sanctions Push Iranians Toward Cryptocurrency Cryptocurrency outflows from Iran surged to $4.18 billion in 2024, marking a 70% year-over-year …
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Bitcoin Holds Steady Near $96.5K as Market Weighs Competing Forces
BTC continues to trade within a tight range as investors monitor the macroeconomic landscape and gauge conflicting market signals. Conflicting Market Pressures See BTC Stabilizing at $96.5K Bitcoin (BTC) is maintaining a cautious upward trajectory, trading at $96,540.34 at the time of reporting. This marks a modest 0.25% increase over the past 24 hours and …
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Solana L2 Project Solaxy Passes $22M in ICO as Expert Names it the Next Crypto to Explode
This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. Solaxy (SOLX) has quietly raised over $22 million in its ICO – positioning itself as the world’s first Layer-2 solution for Solana. With the project’s native SOLX token receiving enormous attention on social media, …
Digital Assets Show Mixed Performance During Wednesday’s Trading Session
The cryptocurrency market sector experienced a modest resurgence Wednesday, edging up 0.61% against the U.S. dollar to hover near $3.18 trillion. While bitcoin and ethereum inched upward at a leisurely pace, tokens such as fantom (FTM) and aptos (APT) sprinted ahead with double-digit appreciation. Key Assets Make Significant Strides and Follies Precisely seven to eight …
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