Lido reacts in this manner post changes to MakerDAO and Aave lending pools

Lido highlighted improvements in many areas. LDO surged while network growth declined. Lido Finance’s [LDO] tweet on 6 February highlighted the impressive growth of MakerDAO [MKR] and Aave’s [AAVE] lending pools on its protocol. Over the last week, MakerDAO’s steCRV experienced a surge of 636%, while Aave’s Wrapped stETH [wstETH] increased by 140%. 📈 Lido … Read more

SEC to up scrutiny of firms offering or giving advice about crypto

Crypto brokers and investment advisors offering or giving advice about cryptocurrencies will be put under the scope of the United States’ securities watchdog this year. A Feb. 7 statement from the Securities and Exchange Commission’s (SEC) Division of Examinations outlined its priorities for 2023, suggesting brokers and advisers dealing in crypto will need to be … Read more

South Korean officials traveled to Serbia to find Do Kwon

The hunt for the controversial founder of the now-collapsed Terra ecosystem, Do Kwon, has intensified with South Korean officials reportedly confirming they sent at least two people to Serbia to track him down. According to a Feb. 7 Bloomberg reportthe prosecutor’s office in Seoul said the reports “aren’t false” regarding members of its team trekking … Read more

DCG offloads Grayscale shares to raise capital: Report

Cryptocurrency conglomerate Digital Currency Group (DCG) has reportedly begun to sell its holdings in crypto funds managed by its subsidiary Grayscale Investments as it looks to raise capital and preserve liquidity. According to a Feb. 7 Financial Times report citing seen United States securities filings, DCG sold around a quarter of its shares in Grayscale’s … Read more

US lawmakers want crypto miners to share energy and emissions data

Core crypto critic Elizabeth Warren, alongside seven other democrat lawmakers, compelled the government to disclose the energy consumption data of crypto miners domiciled in the US. The lawmakers stated that it is “essential” for a “disclosure regime” to be adopted quickly and “on a required basis” in the letter, which was addressed to key figures … Read more

The Curious Case Of The $4M Webaverse Hack |

Raising capital in the crypto environment can bring a unique and unparalleled set of challenges. Look no further than the ever-curious case of Webaverse, a firm building a game engine and MMO (massive multiplayer online game) inspired by metaverse characteristics. The Webaverse team took a brutal hit recently after suffering a ~$4M social engineering exploit. … Read more

BIS to launch stablecoin monitoring project and up focus on CBDC experiments

The Bank for International Settlements (BIS) will heighten focus on experimenting with Central Bank Digital Currencies (CBDCs) this year via its research and development arm and will also launch a new project to monitor stablecoins. On Feb. 7, the Switzerland-based so-called “bank for central banks” announced its Innovation Hub will “increase its focus” on CBDCs … Read more

Voyager subpoenas FTX and Alameda execs as judge orders fee examiner

Lawyers representing bankrupt crypto broker Voyager Digital have served former FTX CEO Sam Bankman-Fried and other FTX and Alameda Research executives with subpoenas requesting information. The subpoenas have a very wide scope, with Voyager’s lawyers seeking copies of any documents and communication between FTX entities and the Securities and Exchange Commission (SEC) or the Department … Read more

Fantom: Here are the levels to watch out for after FTM’s $0.65 rejection

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Fantom had a bearish short-term momentum after posting strong gains throughout January. A pullback to $0.5 or deeper was possible. Phantom [FTM] saw a pullback of nearly 20% in the past three days. It … Read more

Bank of England thinks digital pound can co-exist with private stablecoins

The United Kingdom is a step closer to launching a Central Bank Digital Currency (CBDC) after releasing a consultation paper explaining the proposed digital pound, which the public has nicknamed “Britcoin.” The 116-page consultation paper was jointly released on Feb. 7 by the Bank of England (BoE) and His Majesty’s Treasury. A technology working paper … Read more

Nokia uses the metaverse to connect remote breweries, train aircraft techs

From beer breweries on opposite ends of the globe to aircraft technicians in isolated airports, telecoms infrastructure firm Nokia has been looking for ways to use the metaverse to aid remotely-located workers. Nokia, who many remember as a manufacturer of consumer mobile devices, has since pivoted into developing technology and equipment that “delivers the internet.” … Read more

BNB outperforms ETH in this area, but where is the catch 

Despite beating Ethereum, BNB’s DAU was declining. BNB’s RSI and stochastic were overbought, which was bearish. Binance Coin [BNB] outperformed the king of altcoins, Ethereum [ETH]by a huge margin in terms of daily active addresses. As per CoinMarketCap, BNB’s daily active users exceeded 815,000, while Ethereum and Polygon [MATIC] reached 344,000 and 277,000, respectively. […] … Read more

SBF’s lawyers move to block release of bail guarantors’ identities

The names of two guarantors who signed off on part of Sam Bankman-Fried’s $250 million bail bond will continue to remain a secret for now. A judge has also rejected an agreement that would have permitted Bankman-Fried to use certain messaging apps. Bankman Fried’s lawyers filed an appeal to block the release of the guarantors’ … Read more

Crypto Not Included In This Year’s NFL Showtime

With the FTX crypto exchange debacle in the rearview mirror, the ghosts of the industry’s former leading exchange are still haunting the cryptocurrency market, given the exclusion of this year’s National Football League (NFL) biggest night. Super Bowl LVI was the night for the crypto industry in sports. Starring the commercials of the closing season … Read more

Crypto Firm Juno Restarts Services After Finding a New Custodian Partner

The Singapore-based cryptocurrency platform Juno announced that all services are “now up and running again.” It increased daily withdrawal limits at the beginning of the year and urged customers to transfer their holdings into self-custody wallets, citing issues with its previous custodian partner – Wyre. Back on Track Juno temporarily halted cryptocurrency purchases on its … Read more

How SingularityNET [AGIX] built momentum amid rising ChatGPT traction

AGIX topped social volume among all assets in the seven days. The token direction might continue in an upturned despite being overbought. Blockchain-powered AI token SingularityNET [AGIX]on the premise of the ChatGPT adoption, increased 680% in the last 30 days. Yes, the surge in value may not be surprising as it’s not the first time … Read more

What Arthur Hayes Got Wrong About His Latest Market Forecast

BitMEX co-founder and macro-market analyst Arthur Hayes is deploying his dry powder into Bitcoin sooner than previously planned, according to his latest blog post. Hayes argued that despite his fears of a future crypto market retracement, there is still an opportunity to profit now from the ongoing risk asset rally that began last month. The … Read more

SingularityNET (AGIX) Surges 26% Following Partnership with Cardano

According to CoinmarketcapSingularityNET (AGIX) is currently up 31% in the last 24 hours and 237% in the last seven days. AGIX, the native cryptocurrency of the SingularityNET, a blockchain-based Al project, has recently been on dramatic heights. Since the start of 2023, the relatively unknown digital asset has rallied almost 800% and looks ready to … Read more

Bitcoin Miner Stronghold Announces Agreement Changes with WhiteHawk Finance, Foundry

The changes are designed to better situate the company for their future endeavors. Stronghold Digital Mining, with WhiteHawk Finance LLC, has announced ratifications to their original credit agreement according to a press release sent to Bitcoin Magazine. In addition to this announcement, Stronghold has entered a new two year contract with Foundry Digital, replacing their … Read more

Polkadot [DOT] remains investors’ favorite as its ecosystem and token…

Polkadot’s NFT space witnessed growth in the last week Metrics were in DOT’s support, helping it increase its value Polka dot [DOT] posted its weekly roundup on 6 February, which mentioned all the notable developments that happened in its ecosystem during the last seven days. The developments were not only confined to Polkadot but also … Read more

Riot Mined an All-Time High of 740 BTC in January

The US-based cryptocurrency miner Riot Blockchain produced 740 BTC last month, a 62% increase compared to January 2022 and a new monthly all-time high for the company. The positive start of the year contrasts the disappointing production levels and shrinking revenue towards the end of 2022. Hitting an ATH Despite experiencing issues with its mining … Read more

Former Coinbase Manager Pleads Guilty To Conspiracy Charges

Former Coinbase Global Inc. product manager Ishan Wahi has pleaded guilty to two counts of conspiracy to commit wire fraud, according to a press release from the U.S. Department of Justice (DoJ). Related Reading: Will Bitcoin See A Valentine’s Day Massacre Or Can Bulls Get Back To $24,000? After Nikhil Wahi was charged with receiving … Read more

Former Coinbase product manager pleads guilty in insider trading case

Ishan Wahi, a former product manager at Coinbase Global Inc., has admitted to two counts of conspiracy to commit wire fraud in a case that U.S. prosecutors have labeled as the first insider trading case involving cryptocurrency. Ex-Coinbase manager pleads guilty in insider trading case — Reuters (@Reuters) February 7, 2023 According to … Read more