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Vast Bank Withdraws From Cryptocurrency Sector, Shuts Down Mobile App
7.2.2024
Vast Bank, the U.S. financial institution that once offered customers the unique ability to manage cryptocurrencies alongside traditional banking, is exiting the digital asset space and shutting down its crypto mobile app in response to a consent order from the Office of the Comptroller of...
FTX-linked Farmington State Bank Cleared from Federal Reserve Enforcement Action
6.2.2024
The Federal Reserve terminated an enforcement action with Farmington State Bank on February 6, announcing that the FTX-affiliated bank had “completed its wind-down plan and no longer functions as a bank.” “The Board’s enforcement action, which has been in effect since July 2023, ensured the bank’s...
Solana NFT Sales Drop 80%, Bybit’s New Inscriptions Marketplace + More NFT News
6.2.2024
The non-fungible token (NFT) market has seen a significant drop today. The sales volume has dropped 25.2% in 24 hours to $25,976,386. Also, buyers are down 21.3%, sellers 12.75%, and transactions 34.2%. Among the top 10 collections per sales volume, Gods Unchained Cards increased the most: 11,113%...
Solana Price Prediction as SOL Blockchain Goes Down – What’s Going On?
6.2.2024
The Solana network is suffering a minor outage with the last transaction halted at 09.52 UTC, according to the block explorer. Engineers and validators are currently investigating the mainnet-beta for the source of the problem. Blockchain company and leading Solana validator Laine tweeted:...
Bonk Price Prediction as Market Cap Falls Below $1 Billion – Will BONK Keep Falling?
6.2.2024
The Bonk price has barely moved in the past 24 hours, remaining at $0.00001011 as the crypto market as a whole also holds still today. BONK is now down by 15% in a week and by 6.5% in a month, with the meme coin’s recent falls pushing its fully diluted market valuation (e.g. maximum supply...
Trump Calls CBDC a “Very Dangerous Thing,” Criticizes Artificial Intelligence
5.2.2024
Former president and leading Republican presidential candidate Donald J. Trump called the prospect of a central bank digital currency (CBDC) a “very dangerous thing” during a February 2 interview on Fox Business. Trump Doubles Down On Anti-CBDC Stance Fielding questions from Maria Bartiromo, Trump...
Due Diligence slows down the adoption of Spot Bitcoin ETF
5.2.2024
On January 10, 2024, the US SEC approved applications for Bitcoin ETFs, encouraging optimism among crypto enthusiasts. There was a momentary rise in the valuation, but that has calmed down now. While the Bitcoin ETF has paved the way for more crypto ETF applications to surface in the future,...
XRP Price Prediction as ChatGPT Says XRP Will ‘Blow Past’ All 2024 Forecasts – Here’s Why
5.2.2024
The XRP price has declined by 1.5% in the past 24 hours, falling to $0.5046 on a day when the cryptocurrency market has gained by a modest 1%. XRP is now down by 4% in the past week and by 11% in a month, although the altcoin remains up by 22% in the past year. […]
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Nobody’s Mint Tops NFT Volume Charts + More NFT News
5.2.2024
The non-fungible token (NFT) market is having (mostly) a good day, with several collection making it to the NFT news rounds. The sales volume is up 28% to $35,570,470 over the past 24 hours, according to CryptoSlam. Buyers are down 4%, and sellers are up 9%. Transactions are down 7%. As for...
Beijing Censors Crypto Mining Activities to Strengthen Energy Conservation
5.2.2024
Beijing, China has further doubled down on crypto mining activities as a part of its revamped energy conservation implementation plan. Per a recent government notice, the Beijing Municipal Development and Reform Commission along with 11 other departments have implemented revised plan to further...
Domain Registry Company Finesses New Bitcoin Rival Out of Their .Com
4.2.2024
  The Domain registry company NJAL.LA aka ‘Njalla’ has be cast into the spotlight of cryptocurrency for their finessing of Mollars.com from the “Mollars Cryptocurrency Project.” Now relocated to Mollars.CC, the project’s original domain shut down abruptly with no explanation. The strange...
End of the Line for OPNX, Built by Three Arrows Co-Founders Zhu and Davies
2.2.2024
OPNX has declared it will cease all activities next month. This decision comes as co-founders Su Zhu and Kyle Davies grapple with legal repercussions stemming from their previous venture’s failure, Three Arrows Capital. OPNX to Shut Down Amid Three Arrows Co-Founders’ Legal Troubles...
OFAC Blocks Venezuelan Gold Business, Warns About Upcoming Oil Sanctions
2.2.2024
The Office of Foreign Assets Control (OFAC) has revoked the license of Minerven, the Venezuela-owned gold company, for commercializing gold in international markets. The sanctions on Minerven, which were eased in October, will be applied again on February 13, with oil and gas sanctions reported...
Latest Solana Meme Coin ‘LAMBO’ Pumps Up 1000x in 24 Hours and This Low Cap Gem Might Be Next
2.2.2024
LAMBO has become the latest Solana meme coin to enjoy a massive listing on the Raydium DEX this week, with its price experiencing a 1000x surge yesterday. However, as is usually the case with most Solana meme tokens, LAMBO has since corrected heavily, with its price currently down by 52% in...
Is Jupiter About to Crash? JUP Price Drops 75% But This Other Crypto Just Smashed Past $10.1 Million
2.2.2024
Jupiter has gained by 6.5% in the past 24 hours, with the JUP price rising to $0.6265 as the cryptocurrency market as a whole gains by 2% today. Despite this lift, JUP remains down by a massive 75% from the all-time high it record on Wednesday, when the Solana-based DEX utility token listed for...
Three Arrows Co-Founders’ OPNX Exchange to Cease Operations
2.2.2024
Crypto exchange OPNX launched by Three Arrows Capital co-founders has announced it will “officially cease operations and shut down in February 2024.” The exchange said in an email it will cease all operations on 14 February. OPNX is asking customers to settle positions before 7 February, 8 AM...
DeFiance Capital Wins in Lawsuit Against Defunct Crypto Fund 3AC in Singapore
2.2.2024
The High Court of Singapore turned down plea from the now-defunct crypto hedge fund Three Arrows Capital (3AC) to dismiss DeFiance Capital’s lawsuit filed against the fund. In a recent hearing, Judge Chua Lee Ming gave greenlight to Defiance Capital in its $140 million dispute with 3AC. Further...
Jupiter Price Prediction as JUP Drops 70% From Recent Top – Time to Buy the Dip?
1.2.2024
Source: Jupiter Official X Account Jupiter (JUP) price predictions remain optimistic one day after the tokens initial airdrop, despite the price having dropped substantially from its recent high. According to CoinGecko, the JUP price is 70% down from its high of $2.00 at current levels near $0.59....
OPNX, the Exchange Built by Founders of Doomed Hedge Fund Three Arrows, Is Shutting Down
1.2.2024
Customers were advised to settle their positions by Feb. 7 and withdraw their money by Feb. 14
U.S. Drilling Down on Crypto Miners' Energy Use Draws Ire From Community
1.2.2024
The Energy Information Administration (EIA) is starting a survey to track the electricity consumption of crypto miners in the U.S