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Cryptocurrency News

Location American Cryptocurrency News for 7 February 2024
Diversifying Stability: Stablecoins Finding Home Beyond the Greenback Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors.
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Promising new NFTs: DogeBirds, Moonbirds on Dogecoin Dogebirds: Going to fly to the moon? Dogebirds is a new collection of Moonbirds registered on the Dogecoin blockchain. It’s a winning combo. Its launch is eagerly awaited, and is scheduled for early February on the ref...
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Grayscale Reduces Bitcoin Holdings as Competing ETFs Continue to Bolster Reserves After the trading activity on Monday, which saw $642 million in transaction volume, Grayscale’s Bitcoin Trust sold off approximately 3,426.99 bitcoin, valued at around $147 million. Following Tuesday’s trading activi...
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Bitmain's Mining Firm BitFuFu Set to Go Public in the U.S. via SPAC BitFuFu, a bitcoin mining firm affiliated with Bitmain, a prominent player in the cryptocurrency mining industry, is advancing towards a public listing in the United States through a merger with a special-purpose acquisi...
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Bitcoin Tops $44K, With Whale Accumulation Suggesting Conviction in More Price Gains BTC broke above $44,000 for the first time since Jan. 12, the day after the spot ETF debuts.
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Federal Reserve Ends Enforcement Action Against FTX-Connected Farmington State Bank The Federal Reserve terminated its enforcement action against Washington-based Farmington State Bank, previously known as Moonstone Bank and linked to FTX’s Alameda Research. Federal Reserve Terminates Enforcement Acti...
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Scaramucci Urges Crypto Community to Support Biden Over Trump at Digital Assets Event: Report Former White House Director of Communications Anthony Scarmucci urged the crypto community to support current President Joe Biden over Republican frontrunner Donald J. Trump during a February 1 appearance at a Duke Unive...
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Bitcoin Price Pushes Above $44,000 as Bulls Regain Control - Where Next for BTC? The Bitcoin (BTC) price just hit its highest level since the 12th of January above $44,000. The world's largest cryptocurrency by market cap seems to be taking its cue from bullish momentum in US equities. The S&P 500 ca...
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Cathie Wood Says Investors Are Ditching Gold For Bitcoin Ark Invest CEO Cathie Wood believes Bitcoin (BTC) is beginning to replace gold on the investment stage as the precious metal loses popularity over time. In a video presentation published by Ark on Sunday, Wood demonstrat...
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COPA Trial: Craig Wright Claims Documents Were Forged, Lawyers Cross-Examine The ongoing legal issues between Bitcoin Satoshi Vision (BSV) founder Craig Wright and Bitcoin developers have turned even more sour. According to a February 4 court filing by the Crypto Open Patent Alliance (COPA) legal...
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FINRA-Registered Digital Asset Platform Prometheum to Launch Ether Custody Services Prometheum, the first U.S. special purpose broker-dealer authorized to custody, clear, and settle digital asset securities, disclosed that it is now providing custodial services for the cryptocurrency ethereum. This anno...
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Breakout Crypto eTukTuk Shatters Expectations with $800,000 ICO - The Ultimate Green Coin? Breakout crypto eTukTuk token's presale is surging, having just broken above $800,000 in funds raised. Investors have been piling into the sustainable transportation-focused web3 start-ups presale ahead of an imminent pr...
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OKX Breaks Into Argentina With Wallet And Crypto Exchange OKX launched localized trading services in Argentina on February 7 to provide Argentinians access to the non-custodial OKX Web3 Wallet. This development will establish a secure gateway for managing DeFi, trading NFTs, ac...
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Top Crypto Gainers Today on DEXTools - COFFEE, MOROS, MUSK While blue-chip crypto markets are moving higher mid-way through the US trading session, investors looking for quicker gains will continue to turn to the top crypto gainers today on DEXTools. Bitcoin (BTC) just hit new o...
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Best Crypto to Buy Now February 7 - Dymension, Synthetix, Conflux While blue-chip crypto markets are choppy mid-way through the US trading session, the best-performing names today are smaller altcoins Monero (XMR), Dymension (DYM) and Conflux (CFX), which could be the best crypto to bu...
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Investing in 'Gold' - Via Bitcoin - Is Cheaper Than Ever All but one of the recently launched spot bitcoin exchange-traded funds (ETF) charge a lower fee than the largest gold ETF, making them a cheaper investment into a gold-like asset.
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Bitcoin Miner CleanSpark Purchases Four Mining Facilities, Set to Double Hash Rate Bitcoin miner CleanSpark announced in a February 6 press release that it had acquired four new mining facilities three facilities in Mississippi and one facility in Dalton, Georgia. With these acquisitions, CleanSpark is...
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MicroStrategy Makes Its Case as Alternative to Spot Bitcoin ETFs MicroStrategy (MSTR), the software firm whose executive chairman is bitcoin maximalist Michael Saylor, reported weaker-than-expected fourth quarter earnings on Tuesday, but the majority of its conference call presentatio...
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Ransomware Payments Hit Record $1 Billion in 2023: Chainalysis Criminals made off with a staggering $1 billion in cryptocurrency ransomware payments in 2023, per the latest insights from Chainalysis’ 2024 “Crypto Crime Report.” The report highlights a surge in sophisticated at...
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Ether Tops $2.4K as Cathie Wood's Ark, 21Shares Amend Spot ETH ETF Filing The updated S-1 document brings the spot Ethereum ETF application more "in line" with the recently approved spot BTC ETF prospectus, one analyst noted.
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Crypto Trading Hits Busiest Pace Since June 2022 January saw higher spot trading volume on centralized exchanges amid the approval of spot bitcoin ETFs in the U.S.
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Ripple Requests One Week Extension for Documents in SEC Suit Ripple has filed a motion requesting an extension of one week to gather and submit documents in its ongoing courtroom battle against the SEC. The documents under examination largely comprise financial statements covering...
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