Representatives Patrick McHenry, Mike Flood and French Hill called for an additional 60 days for a CFPB proposal to consider the impact on digital assets. Leaders of the United States House Financial Services Committee and Subcommittee on Digital Assets, Financial Technology and Inclusion called for a longer comment period on a proposed rule from the...Continue Reading

At issue is whether funds held by 3AC were in trust for DeFiance Capital or owned by the bankrupt crypto hedge fund. The High Court of Singapore has rejected an application by bankrupt crypto hedge fund Three Arrows Capital (3AC) to dismiss the suit brought against it by Cheong Jun Yoong, otherwise known as Arthur...Continue Reading

Bitcoin’s downside looks limited as GBTC outflows drop and traders shift focus to the BTC halving in April. Bitcoin (BTC) has been volatile in January. Early on, the price rose near $49,000 in anticipation of the spot Bitcoin exchange-traded funds (ETFs) launch, but then sold off as the Grayscale Bitcoin Trust (GBTC) saw massive liquidations. ...Continue Reading

At issue is whether funds held by 3AC were in trust for DeFiance Capital or owned by the bankrupt crypto hedge fund. The High Court of Singapore has rejected an application by bankrupt crypto hedge fund Three Arrows Capital (3AC) to dismiss the suit brought against it by Cheong Jun Yoong, otherwise known as Arthur...Continue Reading

A developer inscribed the 1993 first-person shooter game Doom on the Dogecoin network, allowing users to play on mobile and desktop computers. In this week’s newsletter, OKX doubles down on Bitcoin-based nonfungible tokens (NFTs), community members send tips to the Bitwise exchange-traded fund (ETF) wallet, and Cristiano Ronaldo trains with holders of his NFTs. In...Continue Reading

The contest is open to members of the general public until Feb. 27, with at least one more to follow. The United States Department of Defense recently launched a bounty program aimed at finding real-world-applicable examples of legal bias in artificial intelligence (AI) models.  Participants will be tasked with attempting to solicit clear examples of...Continue Reading

According to FTX’s legal team, no investors were “ready to commit the needed capital” to launch FTX 2.0, citing the failures of former CEO Sam Bankman-Fried. The defunct cryptocurrency exchange FTX said its restructuring plans did not include a “reboot” of the firm but focused on repaying customers in full. In a Jan. 31 hearing...Continue Reading

According to BTC options and futures metrics, whales and market markets were anticipating a price crash ahead of the rally to $43,000. The price of Bitcoin (BTC) increased by 11% in the eight days following Jan. 23 after bouncing off $38,500-support. The movement surprised many investors, including Arthur Hayes, co-founder of the BitMEX exchange. Hayes...Continue Reading

Bitcoin’s price claws at the $43,000 mark as the hours tick down to key U.S. economic policy commentary from the Fed. Bitcoin (BTC) stayed under $43,000 at the Jan. 31 Wall Street open as risk assets dipped into a key United States economic policy update. Data from Cointelegraph Markets Pro and TradingView showed BTC price...Continue Reading

The cryptocurrency exchange has been facing mounting scrutiny in the U.S. after it was sued by the SEC last June. Coinbase Global Inc. has appointed former U.K. Chancellor of the Exchequer George Osborne as an advisor, as the crypto exchange is facing mounting regulatory scrutiny in the United States. Osborne has not rested on his...Continue Reading