Quick Look
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics...
India Asks IMF and FSB for Joint Paper to Help Formulate ‘Comprehensive’ Crypto Policy
India has asked the International Monetary Fund (IMF) and Financial Stability Board (FSB) to develop “a synthesis paper” on...
Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards
The Financial Action Task Force (FATF) says delegates from over 200 jurisdictions have agreed on “an action plan to drive timely...
IMF Calls for ‘More’ Crypto Regulation — Says Banning Should Be an Option
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says crypto needs “more regulation.” She added,...
Revolutionizing the NFTs- Telept City Launches Cutting-Edge AIGC NFT Platform for Web3
San Francisco, USA, 25th February, 2023, Chainwire Telept Inc., a Web 3.0 startup, has announced today the launch of a ground-breaking...
SBF’s new charges, Shapella’s fork date and emojis as financial advice: Hodler’s Digest, Feb. 19-25
Top Stories This Week Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges Former FTX CEO Sam...
Solana Blockchain Experiences Technical Glitch Causing Transaction Slowdowns
The Solana smart contract token network experienced a technical glitch on Saturday, February 25, 2023, known as a “large forking...
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation...
Crypto Market Slides as Total Value Locked in Defi Falls Below $50 Billion Mark
The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked (TVL)...
Bitcoin Mining Difficulty Reaches All-Time High as Miners Face Second-Largest Increase This Year
Bitcoin’s mining difficulty reached an all-time high (ATH) on Feb. 24, 2023, at block height #778,176, reaching 43.05 trillion...
Bitcoin price tumbles to 10-day lows as ‘Notorious B.I.D.’ keeps support at $22.5K
Bitcoin (BTC) threatened to ditch $23,000 as support on Feb. 25 as an ongoing price correction strengthened into the weekend. BTC/USD...
Bitcoin on-chain data highlights key similarities between the 2019 and 2023 BTC price rally
Bitcoin’s (BTC) recent price rally from $16,500 to $25,000 can be attributed to a short squeeze in the futures market and recent...
Coordinated global crypto policies: G20 key financial stability priority
The first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India’s presidency discussed key financial stability and...
Germany’s DZ Bank to Offer Crypto Custody With Swiss Firm Metaco
The second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets. The offering will be...
JPMorgan to Open Blockchain Innovation Lab in Greece
Financial giant JPMorgan has announced it will open a new blockchain innovation lab in Greece. The lab will be focused on the development...
Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon
Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of its Series C funding round. The...
IMF Board Offers Guidance for Developing Effective Crypto Policies
The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto...
US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the...
Bitcoin retirement plans elicit caution from regulators
Even as the crypto market continues to forge an impressive recovery from the 2022 bear market, the industry continues to attract the wrath...
FATF agrees on roadmap for implementation of crypto standards
The Financial Action Task Force, or FATF, has reported that its delegates have come to an agreement on an action plan “to drive timely...
Yield platform Stablegains sued for promoting UST: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you...
Change lies ahead for haphazard crypto regulation
The World Wide Web, as its name implies, is borderless, and so is crypto. The internet and cryptocurrency’s common ethos is wide-open...
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65...
Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000
This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top...
Bitcoin node connection shuts down: BlueWallet users urged to withdraw funds
BlueWallet is sunsetting its lightning node connection to Lndhub, according to an official statement. BlueWallet will cease custodial...
Bitcoin price continues to fall, but derivatives data hints at a short-term rally to $25K
It’s possible that many people have already forgotten that Bitcoin’s (BTC) price closed 2022 at $16,529 and the recent rebound and...
Price analysis 2/24: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Bitcoin (BTC) is struggling to stay above $23,000 as the weekend approaches. The selling pressure increased after the personal consumption...
Polkadot price prediction: DOT ahead of ETHDenver 2023
Polkadot joins the ETHDenver BUIDLing event on 28 February. DOT price is down on Friday as broader markets fall following US PCE data. The...
NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week’s ETH-Based NFT Sales
Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last...
Emojis count as financial advice and have legal consequences, judge rules
A United States District Court judge for the Southern District of New York ruled that emojis like the rocket ship, stock chart and money...
IMF says no crypto as legal tender — Community disagrees
The International Monetary Fund (IMF) recently made another anti-crypto move, opposing crypto becoming a legal tender. In response, crypto...
Cointelegraph 2023 Top 100 finale: First place goes to…
Who takes the cake as the prime mover of the crypto and blockchain sector for 2023? The answer is more of a “what” than a “who.” Good Ol‘...
Bitcoin price stays under $24K as PCE data helps US dollar to near 7-week highs
Bitcoin (BTC) stayed lower at the Feb. 24 Wall Street open as United States macroeconomic data showed inflation biting back. BTC/USD...
Crypto Policy: Kenyan Senate Ready to Engage Central Bank
The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya...
Eclipse to Launch Rollup Blockchain for Polygon Network with Solana Compatibility
Customizable rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and...
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $24,000 Ahead of US Consumer Sentiment Data
Bitcoin fell back below $24,000 on Feb. 24, as markets anticipated the release of the upcoming consumer sentiment figures from the United...
Nigerian Central Bank Seeks New CBDC Tech Partner — Bank Urged to Improve E-Naira User Experience
More than a year after it launched its central bank digital currency with partner Bitt Inc, the Central Bank of Nigeria is reportedly...
YFI price hits $10k as Yearn Finance announces new liquid staking product
Yearn Finance token YFI rose to highs of $10,405 on Binance. YFI traded around $7,400 earlier in the week before surging on news the Yearn...
Binance Looking to Hire Developers, Support Staff in Romania
Global crypto exchange Binance is now hiring IT specialists and customer service representatives for its operations in Romania. The...
Google Cloud to Become Tezos Validator and Offer Validation Services
Google Cloud, the remote services division of the software giant, has announced a partnership with blockchain company Tezos to become a...
Montana’s ‘right to mine’ crypto bill moves closer to passing as law
A cryptocurrency mining rights bill with laws that would prohibit the discrimination of crypto miners is one step closer to fruition after...
Tencent to Offer Metaverse-Building Services for Asian Markets
Tencent, the Chinese software and tech company, has announced its metaverse suite of services designed to target Asian markets. The...
Aussies revealed as prime targets of Israel crypto scam syndicate
Australian residents have been identified as one the primary targets of a sophisticated network of cryptocurrency call-center scammers —...
US May Consider Alexander Vinnik for Prisoner Exchange With Russia, Lawyer Says
Crypto exchange BTC-e’s alleged operator Alexander Vinnik may be a candidate for prisoner swap between the United States and Russia....
MEXC Global publishes proof of reserves after monthlong testing
On Feb. 22, cryptocurrency exchange MEXC Global released its proof-of-reserves (PoR) snapshot after 45 days of testing. In a document seen...
Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base
The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers...
How Fantom and Optimism’s DeFi and DApp development directly affects FTM and OP price action
The price action of Optimism (OP) and Fantom (FTM) tokens have been quite identical since the last quarter of 2022. The difference is,...
Bitcoin bears attempt to pin BTC price under $23K ahead of this month’s options expiry
Bitcoin’s (BTC) 16% price gain between Feb. 13 and Feb. 16 practically extinguished the bears’ expectation for a monthly...
Hong Kong crypto frenzy, DeFi token surges 550%, NBA China NFTs — Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the...
Block’s Q4 Bitcoin revenue down 7% on crypto price decline
Jack Dorsey’s payment company Block Inc. reported $1.83 billion of Bitcoin (BTC) revenue from its Cash App business unit in the fourth...
US Lawmaker Launches CBDC Anti-Surveillance State Act to Protect Americans’ Right to Financial Privacy
U.S. Congressman Tom Emmer has introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act “to halt efforts of...
Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme
Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of...
Optimism price prediction: OP spikes after Coinbase launches Base on OP stack
Optimism token OP rose 16% after Coinbase announced the launch of its L2 platform on OP stack. OP price hit highs of $3.10 on Coinbase,...
‘Stupid money’ Ethereum investor loses over $2M in six months — 3 lessons to learn
An anonymous Ethereum investor has lost more than $2 million trading Ether (ETH) since Sep. 9, 2022, on-chain data shows. Buying Ethereum...
Developers Propose Cross-Chain Bridge for XRPL Network to Enhance Blockchain Interoperability
Software engineers and members of the development lab Ripplex want to create a cross-chain bridge for the XRPL network to bolster...
Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus Crawlspace
A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation...
Polygonscan went down, causing unwarranted concern of blockchain outage
Layer-2 scaling solution Polygon (MATIC) has not processed a block in over an hour and a half, leading some to believe that the blockchain...
Arbitrum’s Daily Transaction Count Surpasses Ethereum for the First Time Ever
According to statistics recorded this week on Tuesday and Wednesday, the layer two scaling project Arbitrum’s transaction count has...
Former FTX CEO Sam Bankman-Fried Faces New Charges in Multi-Billion Dollar Fraud Case
Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The...
Trustlessly purchasing an NFT on Flare using the token of a different blockchain.
Dubai, UAE, 23rd February, 2023, Chainwire The layer-1 for data, Flare, just completed a live demonstration of new interoperability...
New York Attorney General Sues Crypto Exchange Coinex — Claims Trading Platform Offers Unregistered Securities
New York Attorney General Letitia James has sued cryptocurrency exchange Coinex “for failing to register as a securities and...
Bitcoin, Ethereum Technical Analysis: ETH, BTC Rebound Following Fed Minutes
Ethereum rebounded on Feb. 23, as markets reacted to the latest Federal Open Market Committee (FOMC) minutes. The minutes showed that the...
Amp price prediction: technical analysis points to a brief pullback
Amp price bullish momentum continued on Thursday as the bullish momentum continued. It rose to a high of $0.0067, the highest point since...
Only 0.04% of Ethereum validators have been slashed since 2020, says core dev
The Ethereum ecosystem has seen only 226 validators slashed since the launch of the Beacon Chain on Dec. 1, 2020 — amounting to just 0.04%...
Report: Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO
The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm...
XRP/USD price forecast amid a +13.19% YTD performance
Ripple’s rally lags behind other cryptocurrencies’ rallies for 2023 A bullish flag pattern suggests more upside Once the...
Crypto Groups on Russian Social Media Hit by Bots Discrediting Bitcoin
Social media groups devoted to cryptocurrencies in Russia have been attacked by bots in what looks like a campaign against bitcoin and the...
Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia
A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S....
TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting
On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide...
Tencent Cloud signs multiple collaboration agreements with blockchain firms
According to a press release on Feb. 22, Tencent Cloud, the cloud computing branch of Chinese internet giant Tencent, announced that it...
Rep. Maxine Waters says all US regulators ‘better get together on crypto’
California Representative Maxine Waters, ranking member of the United States House Financial Services Committee, has called for...
Indian Finance Minister Pushes for International Cooperation on Crypto Regulation — Discusses Awareness Campaign
Indian Finance Minister Nirmala Sitharaman has stressed the importance of international cooperation in order to regulate the crypto...
World Wide Web Inventor Tim Berners-Lee Says Crypto Is ‘Really Dangerous’ but Can Be Useful for Remittances
World Wide Web inventor Sir Tim Berners-Lee says cryptocurrency is “really dangerous” and “only speculative.”...
Federated Learning Consortium (FLC) for Decentralized AI to Launch in Hong Kong, Led by Phoenix and APEX Technologies
PRESS RELEASE. After over a year of preparation and restructuring, decentralized and privacy-enabled AI organization Federated Learning...
Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities
A federal judge, Victor Marrero, ruled on Wednesday that the NBA Top Shot non-fungible tokens (NFTs) issued by Dapper Labs may meet the...
Breaking: Polygon blockchain reportedly suffers network outage
Layer-2 scaling solution Polygon (MATIC) has not processed a block in over an hour and a half, leading some to believe that the blockchain...
Luxor Technologies Acquires Ordinalhub to Provide Tools for Bitcoin-Based NFTs
With Bitcoin-based digital collectibles becoming a popular trend, the full-stack bitcoin mining services company Luxor Technologies has...
Bitcoin Lightning Network growth is organic, coming from real-world adoption
The capacity of Bitcoin’s Lightning Network (LN) recently surpassed an all-time high of 5,000 Bitcoin (BTC). The Lightning Network is a...
Price analysis 2/22: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
The United States equities markets saw their worst performance of 2023 as concerned investors dumped stocks on Feb. 21, fearing continued...
US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager
According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is...
Ankr price prediction: ANKR outlook after Microsoft and Tencent partnerships
Ankr (ANKR) price is up 70% this past week, while positive news has helped its value more than double on the 30-day timeframe. Ankr has...
Bitcoin Soars Over $25K, MEXC (MX) Rockets To All-Time High in 2023
PRESS RELEASE. With Bitcoin surging to reach a new 2023 high, MX has been the top performer in exchange tokens, with a 7-day growth of...
BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning
According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the...
How to trade bull and bear flag patterns?
In technical analysis, a flag pattern indicates short-term price movements inside a parallelogram coounter to the previous long-term...
US lawmaker introduces bill aimed at limiting Fed’s authority on digital dollar
Minnesota Representative Tom Emmer has introduced legislation in the United States House of Representatives that could limit the Federal...
Bitcoin must leverage $1T central bank liquidity to beat sellers — research
Bitcoin (BTC) hodlers need to watch the central banks of China and Japan as well as the United States as BTC/USD battles “huge”...
Biggest Movers: LTC Snaps Losing Streak, SOL Moves 7% Lower
Litecoin snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower. The token rose for the first...
How to create NFTs on the Cardano blockchain
Cardano is a proof-of-stake (PoS) platform launched in September 2017 by Ethereum co-founder Charles Hoskinson. In September 2021, Cardano...
Can Bitcoin price hold $24K as stocks correlation hits lowest since 2021?
Bitcoin (BTC) wicked to five-day lows on Feb. 22 as a comedown for United States equities continued. BTC/USD 1-hour candle chart...
Luxor Mining acquires OrdinalHub amid Bitcoin-based NFTs hype
The launch of Bitcoin Ordinals back in January created a stir within the crypto community on their place within the Bitcoin (BTC)...