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Cryptocurrency News

Location American Cryptocurrency News for 1 February 2024
Superstate Debuts Tokenized Short-Term Treasury Fund on Ethereum to Compete for Zero-Yield Stablecoins Superstate's USTB token aims to offer institutional investors an alternative to stablecoins to earn a yield on their on-chain cash holdings, Superstate founder and CEO Robert Leshner said.
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China's AML Legal Framework Set to Target Cryptocurrency Transactions in Major Update As part of its ongoing efforts to modernize financial regulations, China is revising its Anti-Money Laundering laws to include stringent measures against cryptocurrency-related transactions. This revision, the first sinc...
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Billionaire Tim Draper Doubles Down on Bitcoin -- Foresees Moment When People Won't Want Dollars Anymore Billionaire venture capitalist Tim Draper has doubled down on bitcoin and his price prediction of the crypto. “I think that there’s going to be a moment where there’s a run on the banks,” he cautioned, adding: �...
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Bitcoin Dips to $42.4K as Fed's Powell Pours Cold Water on March Rate Cut Bitcoin dipped to $42,300, while crypto majors ETH, ADA, DOT fell 3%-4% with Solana's SOL tumbling over 6%.
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OPNX, the Exchange Built by Founders of Doomed Hedge Fund Three Arrows, Is Shutting Down Customers were advised to settle their positions by Feb. 7 and withdraw their money by Feb. 14.
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Celsius Emerges From Bankruptcy, Begins to Distribute $3 Billion to Creditors Celsius has concluded its Chapter 11 bankruptcy process and is embarking on a new journey with the launch of Ionic Digital, Inc., a bitcoin mining company managed by Hut 8 Corp. This development follows a complex legal a...
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Jupiter Airdrop Farmer Makes $1.1 Million Using Nearly 10,000 Wallets After Token Launch An airdrop farmer has made over $1 million in Jupiter tokens after creating nearly 10,000 Solana wallet addresses, according to a February 1 X post. Blockchain tracking firm Lookonchain revealed that the airdrop farmer h...
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Blast From the Future: Can You Plagiarize Something Meant to Be Copied? Devs for the Blast L2 are accused of stealing open-source code that's available to all. Is that cheating, or a sincere form of flattery?
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Polygon Labs Lays Off 19% of Staff Following Restructuring, Increases Workers' Pay by 15% Polygon blockchain developer Polygon Labs has cut 19% off its workforce, according to a blog post published by CEO Marc Boiron on Thursday. Polygon Labs Lays Off 60 Employees Boiron called the decision "difficult, but ne...
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Crypto Lawyer Reveals Fed's Involvement in 'Operation Chokepoint' on Digital Assets Image Source: Jimmy Aki, Midjourney On January 31, popular crypto lawyer James Murphy exposed subtle anti-crypto moves by the US Federal Reserve against crypto custody firm Custodia Bank. 'Master Account' Approval Takes ...
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Man Behind Defunct BTC-e Exchange Once Popular with Criminals Faces U.S. Charges One of the men behind BTC-e, a now-defunct crypto exchange once popular with cybercriminals and money launderers, has been arrested and charged in the U.S., the Department of Justice (DOJ) said Thursday.
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Jupiter's JUP Token Makes a Grand Entry With $700M Airdrop on Solana Blockchain Jupiter successfully launched its JUP token. The airdrop, one of the largest in crypto history, distributed an astounding $700 million worth of JUP tokens to almost a million wallet holders. Jupiter’s JUP Token Airdrop...
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The Biggest BONK Whale Just Invested in 'Ycombinator for Solana' BONK DAO is writing a $500,000 check for the venture fund of Colosseum, Solana's new hackathon organizer.
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U.S. Regulatory Approach Pushing Crypto Overseas, New 21Shares Report Says The push by U.S. lawmakers for stringent regulations in the crypto industry is driving business overseas, a 2024 market outlook report released on January 28 from ETP provider 21Shares revealed. The U.S. Desperately Need...
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Hong Kong Worldcoin Offices Visited Amid Privacy Investigation The offices of the Worldcoin project, a biometric scanning and wallet initiative, have been visited by authorities in Hong Kong amidst a broad privacy investigation. The authorities, complying with a court warrant, advis...
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Tether Achieves Record $6.2 Billion Annual Profit, Nears $100 Billion In Assets In 2023, Tether saw its assets approach the $100 billion mark, following a $6.2 billion profit according to the company’s Q4 attestation report released on January 31. The financial surge, detailed in Tether’s latest...
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US Banking Sector Volatility -- Distressed Commercial Real Estate Sector Raises Default Concerns Following the U.S. central bank’s decision to keep the federal funds rate unchanged, the turbulence in the commercial real estate market has sent shockwaves through the country’s banking sector and internationally as...
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Crypto Influencer BitBoy Ends YouTube Show Amid Ongoing Legal Battles Source: Midjourney Renowned crypto influencer BitBoy, real name Ben Armstrong, has announced the end of his daily crypto show on January 31. Cash Crunch and Legal Battles Prompt Closure In a surprising turn of events, Bi...
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Derivatives Trading Protocol Aevo To Launch Native Token - Airdrop Confirmed Derivatives trading protocol Aevo has announced that it is set to launch its native Aevo token. In an announcement published on January 31, the project revealed that it plans to distribute a portion of the supply to earl...
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Affected by the National Stock Market Downturn, Chinese Investors Have Flocked to Gold Chinese investors have been buying gold as an investment, motivated by the poor performance of traditional stock and property options. According to World Gold Council (WGC) reports, China had the largest demand for gold ...
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U.S. Drilling Down on Crypto Miners' Energy Use Draws Ire From Community The Energy Information Administration (EIA) is starting a survey to track the electricity consumption of crypto miners in the U.S.
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Binance Is Facing Regulatory Headwinds as It Tries to Re-Enter UK Market: Bloomberg The largest crypto exchange in the world stopped offering its services to U.K. customers in October after it failed to comply with a rule change made by regulators last year.
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