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Crypto Chronicles: Latest News, Analysis and Trends in the World of Cryptocurrency and Blockchain Technologies

Crypto Exchange Binance to Pay $4.3 Billion in Settlement with U.S. Department of Justice

A federal court in the Western District of Washington has approved a record-breaking settlement between cryptocurrency exchange Binance and the U.S. Department of Justice. Under the agreement, Binance will pay $4.3 billion in fines as part of a plea deal...

Bitcoin Frenzy: MicroStrategy Quenches Investor Thirst

MicroStrategy CEO Michael Saylor is confident: investor demand for Bitcoin is huge, and the lack of spot Bitcoin ETFs for 10 years has only held it back. In an interview with CNBC, Saylor attributed MicroStrategy's February stock surge (from $500...

BlackRock Contemplates Expanding Bitcoin Holdings Amidst Bullish Market Sentiment

BlackRock, the largest asset manager globally, is weighing the possibility of increasing its exposure to Bitcoin, anticipating considerable potential for growth in the cryptocurrency market. In a recent interview with The Wall Street Journal, Rick Rieder, BlackRock’s Chief Investment Officer...

Binance Confirms 100% or More Collateralization of User Assets

The cryptocurrency exchange Binance has published the results of its reserve audit, confirming that user funds are 100% collateralized or more. As of February 1, 2024, Binance held: 609,477 BTC, with user deposits of 594,688 BTC (102% coverage). 4,353,718 ETH,...

Cryptocurrency Market May Fall Due to Delayed Fed Rate Cut

Jag Kuner, Head of Derivatives at Bitfinex, predicts a short-term correction in the cryptocurrency market. According to him, the Bitcoin price has not yet reacted to the Fed's statement about a possible delay in the rate cut. "The cryptocurrency market...

MicroStrategy Doubles Down on Bitcoin with Fresh Purchases, Despite Financial Headwinds

Firmly embracing its long-held bullish strategy, MicroStrategy has continued to accumulate Bitcoin, bringing its total holdings to 190,000 BTC as of January. Under the leadership of Executive Chairman Michael Saylor, the company invested an additional $37.2 million to acquire 850...

Bitcoin Miner CleanSpark Expands Capacity: Purchase of Three Farms And A Data Center

CleanSpark, a Bitcoin miner, is set to acquire three operating cryptocurrency mining enterprises in Mississippi, USA, with a combined hash rate of 2.4 EH/s for $19.8 million. Today we announced two new acquisitions, that combined with the imminent energization of...

SEC Approves Rules for Oversight of "Dealers" in DeFi Sector

The regulator has adopted amendments that will require participants in the DeFi sector to register as dealers. Many crypto players and officials have met the SEC's amendments with a wave of criticism and misunderstanding. The U.S. Securities and Exchange Commission...

Polish City Launches Local Stablecoin for Businesses

The city of Mińsk Mazowiecki in Poland, with a population of 37,500, has launched a local stablecoin called MinsCoin for businesses on the UrbanChange platform. UrbanChange issues stablecoins backed by USDC for use in cities. The developer is Colu Technologies...

Solana Blockchain Experiences Outage

On February 6th, at 09:52:45 Coordinated Universal Time (+3 hours MSK, +2 hours Kiev time), the Solana network stopped processing blocks. At the time of writing, the blockchain has been down for approximately an hour. "The ecosystem engineers are investigating...

Monero Price Plummets by 15% Following Binance Delisting Announcement

Binance cryptocurrency exchange has announced that it will delist Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR) from its trading list starting from February 20 at 3:00 UTC. As a result of this announcement, the price of Monero plummeted...

Spain Tightens Control Over Cryptocurrencies: Confiscation for Non-Payment of Taxes

Spanish authorities are introducing legislative changes tightening control over the cryptocurrency market. The aim of these measures is to combat tax evasion and increase tax collection. New regulations: Expanding the range of organizations providing transaction information: In addition to banks,...

Trump Warns of AI Dangers in Fox Business Interview

Former US President Donald Trump has warned of the dangers of artificial intelligence (AI), saying it could be used to deceive people and even wage war. In an interview with Fox Business, Trump said that AI is "one of the...

Can Cardano's DeFi Boom Rescue ADA's Price?

Cardano's [ADA] blockchain is buzzing with DeFi activity, but will it be enough to propel the token's price? DeFi takes flight: Cardano's Total Value Locked (TVL) soared past 695 million ADA, showcasing the growing network of financial applications. DEXes like...

BlackRock Disrupts Bitcoin Market: Spot ETF Overtakes GBTC, Boosting BTC

Bitcoin surged past $43,000 today, fueled by a potential market shift: BlackRock's spot Bitcoin ETF is outpacing the long-reigning Grayscale Bitcoin Trust (GBTC) in trading volume for the first time ever. Only about an hour into trading but $IBIT is...

dYdX Chain v3.0: Support for Liquid Staking, Security and Usability Improvements

The developers of dYdX Chain, a decentralized cryptocurrency derivatives exchange, have released an update to version 3.0. Key changes include support for liquid staking, security improvements, and usability improvements. Liquid Staking Liquid staking allows users to participate in staking DYDX...

Harvest Fund Management Files for First Spot Bitcoin ETF in Hong Kong

Harvest Fund Management, a Hong Kong-based asset management firm, has filed with the Securities and Futures Commission (SFC) for the launch of the first spot Bitcoin ETF in Hong Kong. The news was reported by Tencent News. According to the...

Vanguard Refuses to Offer Bitcoin ETF

Vanguard, one of the world's largest asset managers, has refused to offer its clients access to a Bitcoin ETF. The company believes that cryptocurrency is an "immature asset class" that does not align with its philosophy. Jenel Jackson, Vanguard's head...

Bitcoin Annual Volatility Hits Record Low

The annual volatility of Bitcoin, a measure of its price volatility, has hit a record low in 12 years, according to Charlie Bilello, senior market strategist at Creative Planning. The volatility measure, which is calculated as the standard deviation of...

Surge in Crypto Utilization Across Europe Despite FTX Setback, According to Binance Survey

A recent survey conducted by Binance, a prominent cryptocurrency exchange, has brought to light the increasing acceptance and utilization of crypto in Europe throughout 2023. Despite the setback experienced by FTX, the survey underscores that a significant number of Europeans...

Political Schism Emerges in the US Senate with 30 Senators Rejecting Cryptocurrency and 18 Senators Extending Support

In a notable divergence of opinions within the U.S. Senate, 18 senators, predominantly Republicans, are rallying behind cryptocurrency, while 30 senators, including prominent figure Senator Elizabeth Warren, are expressing opposition, underscoring a clear divide on the issue. The advocacy group...

Matrixport Anticipates Bitcoin Dip Below $36,000 in Q1, Envisages Subsequent Recovery

Matrixport's latest projection foresees a challenging Q1 for Bitcoin, predicting a dip to approximately $36,000 followed by a resilient rebound. The advent of the Bitcoin spot ETF has brought considerable attention to the market, with its impact closely monitored. The...

Regulatory Challenges Force Binance US to Halt Operations in Florida and Alaska

Binance US, a major player in the crypto space, encounters regulatory hurdles as it suspends operations in Alaska and Florida due to legal and licensing issues. Facing escalating regulatory scrutiny following CEO Changpeng Zhao's departure and ongoing investigations by the...

Bitwise Unveils Bitcoin ETF Reserves Address, Prompts $6,000 in Digital Gifts

Bitwise, a leading investment management company, has become the first issuer of spot Bitcoin exchange-traded funds (ETFs) to disclose the wallet address containing the reserves of its Bitwise Bitcoin ETF (BITB) fund. According to CoinDesk, the company has gained significant...

Miners Predicted to Operate at a Loss in the Absence of Bitcoin Price Growth, Says Cantor Fitzgerald

Cantor Fitzgerald warns that several public mining companies, including Marathon Digital, Riot Platforms, and Core Scientific, may incur losses after the reduction in Bitcoin mining rewards if the cryptocurrency's price remains at $40,000. This information is reported by Cointelegraph, citing...

Grayscale has Outlined Potential Approval Timelines for an Ethereum ETF

Craig Salm, the head of Grayscale's legal department, expressed the belief that the U.S. Securities and Exchange Commission (SEC) is likely to approve an ETF based on the spot price of Ethereum by the summer of 2024. Bloomberg's market analyst...

Banking Exodus: Crypto Industry Lures Talent with Competitive Salaries and Growth Potential

A recent report unveils a noteworthy trend: significant migration of talent from the banking and finance sectors to the burgeoning crypto industry. This shift, driven by competitive compensation packages and the allure of innovation, highlights the evolving landscape of financial...

Crypto Craze in China: Underground Booms Despite Official Ban

Despite a government ban, the Chinese crypto market is thriving, driven by investors seeking alternatives to a sluggish economy and underperforming stocks. This article explores the creative ways Chinese citizens are accessing crypto and the implications for the global financial...

Crypto.com Surges in Spot Trading, Eyeing Top Ranks: Can it Dethrone the Giants?

Crypto.com is making waves in the cryptocurrency exchange world, experiencing a meteoric rise in spot trading volume. Surpassing established players like Kraken and KuCoin, it now sits comfortably at the 9th position globally, controlling over 3% of the total market...

UK mulls digital pound: Is "Britcoin" on the horizon?

The prospect of a state-backed digital currency, affectionately nicknamed "Britcoin," continues to swirl around the UK. While not quite ready to make a definitive call, both the UK Parliament and the Bank of England (BOE) are actively exploring the potential...