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Supreme Court Ruling Bolsters Australian FTX Creditors’ Prospects for Full Recovery
2.2.2024
The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $26 million recovered. Australian investors with...
Thailand’s SEC Orders Zipmex to Suspend Trading and Brokerage Services
2.2.2024
Thailand’s Securities and Exchange Commission instructed cryptocurrency exchange Zipmex to temporarily suspend its digital asset trading and brokerage services beginning February 2. In a February 1 announcement, the SEC said that Zipmex has been given a 15-day period to fix its financial position...
Binance Freezes $4.2M in XRP Linked to $112M Ripple Hack
2.2.2024
Cryptocurrency exchange Binance has frozen $4.2 million worth of XRP in connection with the $112 million hack on Ripple co-founder Chris Larsen’s wallet on January 31. This incident is currently the most significant hack of 2024. In response to the exploit, XRP Ledger developers promptly...
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...
Bitcoin and Ethereum Price Prediction as BTC Spikes Up 2% and ETH Pushes Past $2,300
2.2.2024
Bitcoin and Ethereum Price Prediction In the realm of cryptocurrency, Bitcoin and Ethereum price prediction remains a focal point for investors. Bitcoin, despite facing a potential sell-off following the release of solid NFP and unemployment rate data, has managed to hold its ground near...
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...
Bitcoin’s Mining Difficulty Skyrockets by 7.33%, Setting New Record for 2024
2.2.2024
On Friday, Feb. 2, 2024, the Bitcoin network witnessed a significant milestone as its mining complexity metric surged by 7.33% at block height 828,576. This marked the most substantial increase in difficulty for the year thus far. The current level of difficulty stands at 75.50 trillion...
1,210 ‘Sleeping Bitcoins’ From 2016 Stir After Years of Inactivity, Following Previous Day’s Mysterious Movements
2.2.2024
On the final day of January 2024, a series of nine enigmatic transactions emerged from wallets established in 2016. Subsequently, another tranche of 15 transactions from wallets created on that same day in 2016 moved a total of 1,210.41 bitcoin, valued at $52 million. This marked the first movement...
Missed Solana (SOL)? This New Cryptocurrency Is About To Skyrocket
2.2.2024
Solana (SOL) had some of the most impressive gains in the early days of its launch. Since then, few others have achieved such a level of success. After a hard 2022, SO started recovering, and by the end of 2023, it was showing signs of a recovery. However, even the ongoing rise of Solana (SOL)...
Blackrock’s IBIT Bitcoin Reserves Soar, Securing 70,005 BTC Valued at Nearly $3 Billion
2.2.2024
According to the latest metrics, Grayscale’s Bitcoin Trust, commonly referred to as GBTC, saw a decline of approximately 9,520.27 bitcoins, valued at around $410 million, between Jan. 31 and Feb. 1, 2024. During a two-day period, Blackrock’s spot bitcoin exchange-traded fund (ETF)...
Bitcoin Technical Analysis: BTC’s Price Resilience Holds Steady Amidst Market Fluctuations
2.2.2024
On Friday, the price of bitcoin fluctuated within a daily span from $41,937 to $43,347, with its market value reaching $846 billion. The trading activity for the day tallied up to $17.35 billion, showcasing a spike in investor involvement and market liquidity, which tends to diminish as the weekend...
Tether emerges as a profitable stablecoin titan with educational goals
2.2.2024
Tether has emerged as a leading stablecoin, as evidenced by the highlights of its latest quarterly attestation. Also, its native ecosystem is leaping forward with Tether Edu, an educational initiative that will be available to people across the world. The rise is noteworthy, considering the crypto...
Lawyer Says FTX Has Abandoned Revival Efforts, Judge Certifies Controversial Reimbursement Plan
2.2.2024
The collapsed cryptocurrency exchange FTX will not be proceeding with efforts to resume operations because none of the prospective suitors has pledged to invest the needed capital, the company’s attorney has said. A U.S. Bankruptcy Court judge has said FTX’s proposal to reimburse...
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...
Shiba Inu price and ShibaSwap v2: Hype, hope, and uncertainty
2.2.2024
Shiba Inu is basically a dog-themed altcoin that is considered to be a decent alternative to Dogecoin. Despite market volatility, primarily due to dominant tokens like BTC and ETH, the value of SHIB continues to fluctuate. ShibaSwap is a DeFi platform that features all the essential elements of...
Comedy Icon Larry David Says He Was an ‘Idiot’ For Taking Part in FTX Super Bowl Ad
2.2.2024
Renowned comedian Larry David has expressed regret over his decision to star in a Super Bowl commercial for the now-bankrupt cryptocurrency exchange FTX. The FTX ad aired during Super Bowl LVI. Speaking during the final season premiere of “Curb Your Enthusiasm,” the hit show in which...
XRP and Cardano navigate price headwinds as a new cryptocurrency soars past the 10 million mark
2.2.2024
The troubles for XRP don’t seem to seize. In a recent update within the Ripple ecosystem, approximately 213 million XRP, valued at over $110 million, were illicitly accessed from co-founder Chris Larsen’s personal accounts. Despite initial misinterpretations suggesting a targeted attack...
Singapore High Court Denies 3AC’s Bid to Dismiss Suit by Defiance Capital Founder
2.2.2024
The High Court of Singapore has denied Three Arrows Capital’s (3AC) attempt to dismiss a lawsuit by Defiance Capital founder Cheong Jun Yoong, affirming the legal standing of digital assets in trust disputes. Singapore Court Upholds Defiance Capital’s Suit Against 3AC in Crypto Case...
Gate.io and D3 Partner to Apply for and Obtain ‘.Gate’ Top-Level Domain
2.2.2024
Feb 2nd, Panama City – Gate.io, a leading cryptocurrency exchange and Web3 innovator, has announced its partnership with D3 Global, a next-gen domain name company developing interoperable digital identities, to apply for and obtain the ‘.gate’ Top-Level Domain (TLD) during...
Can Ethereum ETF approval boost the ETH price?
2.2.2024
Ethereum is up by 1.67% in the last 24 hours, listed at $2,304.40 at the time of drafting this article. There is a possibility that ETH may rise more in the days to come. The statement is based on the anticipation that the US SEC will likely approve the remaining Ether ETF applications....