Grayscale Bitcoin Trust sold off a significant portion of its Bitcoin in January, Celsius to return over $3B to creditors, and $900M in tokens to be unlocked in February. The Grayscale Bitcoin Trust (GBTC) exchange-traded fund (ETF) aggressively sold Bitcoin in January. According to public holdings data tracked by Cointelegraph, GBTC dumped a total of...Continue Reading

FTX submitted a motion to sell its entire stake in AI startup Anthropic, worth about $1.4 billion. Bankrupt crypto exchange FTX is seeking court approval to sell its entire stake in artificial intelligence firm Anthropic, according to court filings on Feb. 3. FTX submitted a motion to the United States Bankruptcy Court for the District...Continue Reading

Companies such as LPL Financial Holdings are currently conducting due diligence on the newly approved Bitcoin ETFs. Bitcoin exchange-traded funds adoption has been slowed by due diligence processes from large trading platforms.  According to a Feb. 3 report from Bloomberg, companies such as LPL Financial Holdings, one of the largest independent broker-dealers in the United...Continue Reading

Discover the ease and security of utilizing stablecoins in your daily transactions, revolutionizing the way you handle digital payments with stability and convenience. Stablecoins, which provide stability and value preservation for consumers, stand out as a reliable bridge between digital assets and everyday transactions in the volatile world of cryptocurrencies. This guide explores the practical...Continue Reading

Local reports state that Bureau De Change (BDC) operators announced the shutdown of operations in Abuja due to the unavailability of dollars. The Nigerian cryptocurrency peer-to-peer (P2P) market is not accountable for the shutdown of the nation capital’s Bureau De Change (BDC) chapter, according to Nigerian Web3 legal representative and analyst Kue Barinor Paul. According...Continue Reading

Trading volumes on the Solana-based DEX Jupiter topped the charts at $480 million in a 24-hour period amid a frenzy for a new memecoin airdrop and heightened stablecoin swaps. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the...Continue Reading

The approval on Feb. 2 was expected as France and Germany, the final opponents, withdrew their objections to the AI Act. Europe has progressed toward implementing regulations for artificial intelligence (AI) and models like Microsoft-supported ChatGPT, as European Union (EU) countries voted to approve the final text of the European Union’s AI Act, overcoming a...Continue Reading

The charges against the school district staff members coincide with the U.S. energy regulator’s recent clampdown on crypto mining activities. The United States Department of Justice (DoJ) has charged two senior staff members of the Patterson Joint Unified School District for allegedly operating a crypto mining operation on the premises of the district’s ten schools,...Continue Reading

The bankrupt firms whittled the sum down from a much larger debt to avoid the delay and uncertainty of litigation. FTX filed a motion in a Delaware court on Feb. 1 to sell its claim for $175 million against bankrupt digital financial services firm Genesis Global Capital. The claim was made by the bankrupt cryptocurrency...Continue Reading

According to the United States SEC Brian Sewell allegedly never launched the crypto hedge fund that promised to use AI and other strategies for maximizing returns. A crypto trading course instructor is facing charges from the United States securities regulator for misleading 15 students into investing a combined $1.2 million in a hedge fund that...Continue Reading