Bitcoin price continues to soften, but $251 million in inflows to the spot Bitcoin ETFs is a show of the markets’ strength. Bitcoin (BTC) marked its highest daily close in over two years on Feb. 20, but the $52,500 resistance posed a tougher challenge than expected, resulting in a rejection below $51,000 on Feb. 23....Continue Reading

The government asked CZ to surrender his Canadian passport and “all other current and expired passports and travel documents” to his counsel, who was expected to oppose the motion. The United States Attorney’s Office has requested that a federal judge approve additional travel restrictions for former Binance CEO Changpeng “CZ” Zhao.  In a Feb. 23...Continue Reading

This week’s Crypto Biz features Yuga Labs’ new CEO and the challenges facing its Otherside metaverse, Binance’s decision to shut down leveraged tokens, and more. The turmoil around Yuga Labs ended on Feb. 21 with a leadership change after weeks of community backlash and investor concerns over the firm behind the popular Bored Ape Yacht...Continue Reading

The U.S. SEC is seeking comments on a proposed rule change that would allow investors to trade options on Bitwise and Grayscale Bitcoin ETFs. The United States Securities and Exchange Commission (SEC) is seeking comments on a proposed rule change that allows the listing and trading of options for Bitcoin exchange-traded funds (ETFs).  According to...Continue Reading

The creators of a wallet drainer application have registered their business in the United Kingdom. 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 past week. A “Nova Drainer” phishing tool developer has officially registered as a business...Continue Reading

The Asian digital asset exchange was hit hard by the crypto winter and is finding recovery difficult. The Securities and Exchange Commission Board of Thailand (SEC) has forwarded a recommendation to the Finance Ministry to revoke crypto exchange Zipmex’s digital asset business license, it announced on Feb. 23. This is the latest in a series...Continue Reading

UNI went on a 50%+ run after a proposal from the Uniswap Foundation suggested “rewarding UNI holders who have staked and delegated their tokens.” UNI, the governance token of the Uniswap decentralized exchange, has gained more than 50% over the last 24 hours to reach a two-year high of $12.73.  UNI’s trading volume has made...Continue Reading

Out of all the individuals charged related to fraud at FTX and Alameda, Ryan Salame was the only former executive who didn’t testify at Sam Bankman-Fried’s criminal trial. Ryan Salame, the former co-CEO of FTX Digital Markets who pleaded guilty to two felony counts, will be sentenced in a New York courtroom on May 1. ...Continue Reading

Bitcoin is trading sideways with a negative bias, increasing the possibility of a short-term correction that could pull altcoins lower. Bitcoin (BTC) has been facing stiff resistance near $52,000, increasing the possibility of a short-term correction. The sideways action resulted in net outflows of roughly $36 million from the spot Bitcoin exchange-traded funds (ETFs) on...Continue Reading

Satoshi didn’t come up with the term “cryptocurrency,” and wanted to downplay Bitcoin’s “anonymity.” A litany of insights into the early days of cryptocurrency were recently revealed when Bitcoin creator Satoshi Nakamoto’s earliest collaborator, Martti Malmi, published 120 pages of email correspondences between the two on GitHub on Feb. 23. Read moreContinue Reading