Category: crypto

Hackers are sending fake letters impersonating Trezor and Ledger to steal cryptocurrency recovery phrases. The letters contain phishing QR codes that lead to malicious websites requesting recovery phrases. Hardware wallet companies never ask for recovery phrases. The phishing letters create urgency and pressure recipients to act quickly by threatening limited functionality.

Vitalik Buterin warns that prediction markets are focusing too much on short-term cryptocurrency and sports betting, leading to a decline in societal value. He suggests shifting towards hedging and real-world risk management, proposing personalized prediction baskets to replace fiat currency for stability. This would eliminate the current reliance on naive traders and create a more…

Virginia’s crypto ATM regulation bill has passed both state chambers and is now awaiting the governor’s signature. The bill includes licensing requirements, consumer protections, and transaction limits to prevent scams and protect users. A 48-hour hold on new users will help prevent fraud losses, with warnings on kiosks alerting users to potential risks. If signed,…

Ethereum ETFs saw $10.26 million in net inflows on February 13, breaking a two-day outflow streak. ETH price rose to $2,000. Bitcoin ETFs had modest $15 million inflows. Weekly ETH ETF flows were negative despite the rebound. Grayscale’s mini ETH trust led flows. Bitcoin ETFs also saw inflows after previous outflows.

Meme coin market cap reaches $34.5 billion with a 3.5% gain in 24 hours. Dogecoin leads the sector with a market cap of $16.3 billion, while Pump.fun sees the strongest 24-hour gains at 9.3%. Santiment notes a sentiment of the “end of the meme era” among traders, signaling potential contrarian opportunities.

ProCap Financial chairman Anthony Pompliano predicts that Bitcoin will benefit from a “monetary slingshot” as the Federal Reserve prints money to combat deflation. He sees Bitcoin gaining value after deflation triggers money printing, with gold leading for now but Bitcoin potentially winning in the post-deflation phase.

Bhutan has sold another 100 Bitcoin worth $6.7 million, marking its third consecutive week of Bitcoin transfers. The country holds around 5,600 BTC valued at $372 million, making it one of the largest sovereign Bitcoin holders. The sales are part of a gradual treasury management strategy, with structured deposits indicating ongoing activity.

Binance has launched its prepaid Mastercard crypto card in select CIS markets, allowing users to convert crypto to local fiat instantly. The card offers cashback rewards and a Valentine promo. U.S. prosecutors warn of romance-linked crypto scams during Valentine’s Day, advising caution with online partners and avoiding sending funds to unverified platforms.

China has expanded its cryptocurrency ban to include RMB-pegged stablecoins and tokenized real-world assets to prevent financial risks. The rules require prior approval for the issuance of stablecoins tied to the renminbi abroad. Meanwhile, Hong Kong is moving forward with plans to issue stablecoin licenses despite concerns raised by Chinese authorities.

Kalshi is partnering with Game Point Capital to enter the $9 billion sports insurance market, which is expected to double by 2030. Game Point executed basketball bonus hedges on Kalshi at lower prices than traditional OTC reinsurance rates. Kalshi aims to offer a cheaper, transparent alternative to traditional reinsurers like Lloyd’s of London.