A brief spate of weaker inflows into the spot Bitcoin ETFs reverses as the week progresses, but BTC’s price has yet to continue its uptrend. Bitcoin (BTC) saw continued weakness into Feb. 23 as consolidation accompanied a brief slowdown in institutional investment.  Data from Cointelegraph Markets Pro and TradingView showed BTC price action struggling around...Continue Reading

Solana NFTs recorded their second-highest monthly sales volume in December 2023, recording $365 million in sales volume for the month. Solana-based nonfungible tokens (NFTs) recorded an all-time sales volume of over $5 billion after an uptick in NFT trading activity on the blockchain in the last four months.  On Feb. 23, data aggregator CryptoSlam showed...Continue Reading

The Anti-Money Laundering Authority will start its work by mid-2025. The European Union’s new Anti-Money Laundering Authority (AMLA) will be headquartered in Frankfurt, the financial capital of Germany. The oversight body will start its work by mid-2025.  The AMLA will have the authority to supervise “high-risk and cross-border financial entities” — including crypto firms —...Continue Reading

Two personal crypto wallets of Jeff “Jihoz” Zirlin got compromised, allowing the hacker to walk away with $9.7 million worth of Ether. Two crypto wallet addresses belonging to Jeff “Jihoz” Zirlin, one of the five co-founders of Axie Infinity and Ronin Network, were hacked, and roughly $9.7 million worth of Ether (ETH) was stolen and...Continue Reading

ERC-2612 tokens contain a “gas-less transfer” feature that allows attackers to drain them using just the owner’s signature. A new scam circulating on Telegram allows the attacker to drain a victim’s crypto wallet without the victim needing to confirm a transaction, according to user reports and blockchain data. The scam only works on tokens that...Continue Reading

Anthropic’s latest reported valuation is $15 billion, raising the value of FTX’s nearly 8% stake to over $1 billion that could be used to repay creditors. Bankrupt crypto exchange FTX has been given the judge’s nod to sell over $1 billion worth of its shares in artificial intelligence startup Anthropic. Delaware Bankruptcy Court Judge John...Continue Reading

Cash App generated $66 million in Bitcoin gross profit in Q4 2023, up 90% year-over-year. Jack Dorsey-led payments firm Block earned $66 million in gross profit from selling Bitcoin through Cash App, increasing a whopping 90% from the prior year.  On Feb. 22, Block released its earnings report for the fourth quarter, which saw the...Continue Reading

The DeFi lending and leverage protocol urged users to withdraw funds immediately when it first discovered the exploit. Decentralized finance protocol Blueberry has managed to pause its protocol after a mad dash to limit potential damage from an “ongoing exploit” on Friday.  In a Feb. 23 post on X, the Blueberry Protocol Foundation reported that...Continue Reading

The SEC’s suit against Kraken has “has no limiting principle” and gives the agency too wide of an authority, the crypto exchange argues. Crypto exchange Kraken has filed to dismiss a November lawsuit from the Securities and Exchange Commission, arguing it sets a “dangerous precedent” for the agency’s remit. The SEC lawsuit alleged the exchange...Continue Reading

Interpath Advisory has taken control of the HectorDAO Treasury after allegations of an ‘inside job’ hack. Insolvency consultancy firm Interpath Limited has “taken full custody” of the Hector decentralized autonomous organization (Hector DAO) treasury as of February 21. The company, also known as “Interpath Advisory,” has likewise taken control of the HectorDAO social media channels,...Continue Reading