Michael Hsu urged international cooperation and collaboration in a bid to prevent crypto firms from leveraging competition among jurisdictions. The Financial Stability Board (FSB) Crypto Working Group met on Feb. 22. United States Acting Comptroller of the Currency Michael Hsu gave opening remarks at the meeting and shared thoughts on cooperation and collaboration in global...Continue Reading

The El Salvador president claimed victory before the official results were released, but opposition groups have alleged voter fraud and manipulation. New Ideas, the ruling party of reelected pro-Bitcoin (BTC) El Salvador President Nayib Bukele, has secured a supermajority of seats in the country’s legislature. On Feb. 20, the body overseeing El Salvador’s elections reported...Continue Reading

Ethereum price struggles at the $3,000 level, but data hints at a resumption of the bull trend. Ether (ETH) is currently wrestling with the $3,000 resistance level, following a remarkable 29.7% surge from Feb. 6 to Feb. 20. Analysts attribute ETH’s recent gains to a decrease in supply, driven by growing demand for staking, decentralized...Continue Reading

A developer of the Nova Drainer phishing protocol has officially registered as a business in the UK. A development team that produces a scam-as-a-service wallet drainer has taken the unusual step of registering as a business in the UK.  According to blockchain security firm CertiK, the phishing software developer, Crypto Grab, produces the “Nova Drainer”...Continue Reading

Blockchain outperformed artificial intelligence, machine learning, private cloud, and cloud security. A team of Swiss researchers, under grant from Switzerland’s Cyber-Defence Campus, recently published an empirical study showing blockchain as the top performer among information security startup investments.  The study, titled “Measuring the performance of investments in information security startups: An empirical analysis by cybersecurity...Continue Reading

DCG claims the settlement was made with the assumption that NYAG would win in court, and it does not observe the parent company’s rights. Venture capitalists Digital Currency Group (DCG) filed an objection on Feb. 21 to the settlement reached by its bankrupt subsidiary, crypto lender Genesis, with the New York Attorney General’s (NYAG) Office....Continue Reading

STX emerges as a top performer as market participants’ interest in layer-2 Bitcoin continues to grow. STX, the native token of the Bitcoin-focused Stacks layer 1 smart contract platform, is making waves in the crypto market after posting a 400% rally since October 2023.  STX trading volume has jumped a staggering 2,600% over the same...Continue Reading

Young told Cointelegraph that the initial skepticism around USDe’s sustainability is “right” following the pitfalls of the last cycle. The initial concerns around Ethena Labs’ USDe stablecoin yield are a natural sign of a maturing industry recovering from the collapse of the Terra-LUNA ecosystem, Guy Young, the founder of Ethena Labs, told Cointelegraph in an...Continue Reading

Binance Labs is joining a group of venture firms and crypto ecosystems that invested $3.2 million in the startup seed round in January. Crypto venture capital firm Binance Labs has disclosed an investment in Renzo, the interface to the EigenLayer ecosystem. According to an announcement on Feb. 22, Binance Labs is joining a group of...Continue Reading

The tokenization protocol opened its first Hong Kong office last month. United States Treasury tokenization protocol Ondo Finance predicts the conflux of traditional finance with blockchain technology in the coming years and is expanding its own products accordingly. Last month, the protocol opened up its first office in Hong Kong to expand its on-chain treasury...Continue Reading