Bitcoin miners came under significant pressure during the bear market; however, Blockstream said institutional hosting customers were more “resilient.” Digital asset infrastructure company Blockstream has raised $125 million to finance its Bitcoin (BTC) mining colocation services, underscoring heightened demand for its institutional hosting services amid the bear market.  The $125 million raise was financed by...Continue Reading

ETH price struggles to flip $1,700 to support, but key derivatives data show bulls making plans to break through the resistance. The price of Ether (ETH) rallied 16% between Jan. 14 and Jan. 21, peaking at $1,680 before facing a 5.4% rejection. Curiously, the same resistance level resulted in a substantial correction in late August...Continue Reading

The former chief product officer will receive a healthy severance package, as he departs from his previous role at the exchange. Surojit Chatterjee, the former chief product officer at Coinbase, will officially leave the company on February 3rd after reportedly making an estimated $105 million in stock sales.  According to disclosures filed with the Securities...Continue Reading

It was suggested that the token could be part of a reorganization that would turn it into a publicly traded, U.S. regulated company. Bankrupt crypto lending firm Celsius may issue its own token to repay creditors, according to a January 24 report from Bloomberg. The report cites a video court hearing as the source of...Continue Reading

Should the bill pass the legislature, Arizona voters could choose whether virtual currency is tax exempt as part of a November 2024 ballot measure. Lawmakers in the Arizona State Senate are considering a bill aimed at having voters decide whether virtual currency is exempt from property taxation. In legislation introduced to the first session of...Continue Reading

Solana’s usage data and ecosystem development do not support the recent bullish rally, raising the probability of a SOL price correction. Solana’s (SOL) recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL in the futures market...Continue Reading

The team lead will determine the “strategic direction” for Treasury’s efforts to develop a digital pound in line with the U.K. government’s agenda. HM Treasury in the United Kingdom has begun calling for applicants to lead the central bank digital currency team behind efforts towards a digital pound. In a job posted to LinkedIn on...Continue Reading

New data indicates Binance’s stablecoin, BUSD, has been undercollateralized at times by more than $1 billion. Yet, few have questioned CEO Changpeng Zhao. Cryptocurrency has faced more than its fair share of catastrophes, nearly all of which seemed as though they might end or at least seriously impede the continued growth of the sector. Yet...Continue Reading

Banks could be required to hold a “risk-weighted exposure amount” of up to 1,250% of capital based on exposure to crypto if the full parliament passes the measures. The Economic and Monetary Affairs Committee of the European Parliament has voted for measures requiring banks holding cryptocurrencies to set aside a punitive amount of capital. In...Continue Reading

Apple’s rumored VR headset launch appeared to fuel a sharp rally in metaverse tokens, but data suggests that the momentum is not sustainable. The metaverse hype that began in 2021 dissolved almost entirely by the end of 2022 as the top projects in the space, Decentraland, and The Sandbox, lost 95% of their market capitalization....Continue Reading