Category: crypto

Sam Bankman-Fried, founder of the collapsed FTX exchange, maintains his innocence, claiming political bias influenced his prosecution. He argues that FTX was never insolvent but experienced a liquidity crisis. Bankman-Fried suggests his legal troubles were politically motivated, pointing to ties to both the Democratic and Republican parties. He compares his case to that of President…

Head of Australia’s competition regulator warns that relaxing crypto regulations in the US could lead to increased vulnerability to investment scams for Australian consumers. Trump’s pro-crypto stance contrasts with Biden’s approach, as scams involving digital assets are on the rise globally. The ACCC is prioritizing financial fraud enforcement and consumer protection.

Argentinian President Javier Milei expressed interest in hosting the next Devconnect event to promote the growth of the Ethereum ecosystem. This came after Ethereum co-founder Vitalik Buterin praised Argentina’s Ethereum community. Despite the recent LIBRA memecoin scandal, Buterin remains optimistic about Argentina’s role in the crypto space. Argentina has shown significant crypto adoption and value…

Bitcoin miners are turning to artificial intelligence (AI) and high-performance computing (HPC) to adapt to inconsistent transaction fee revenues. The shift is driven by the need to maintain revenue levels as block rewards halve every four years. Several Bitcoin mining companies are exploring AI and HPC initiatives to optimize revenue streams and scale operations.

Differences in Bitcoin futures open interest and trading volume reveal unique exchange trading patterns, indicating that leverage and contract sizes influence how traders behave on specific exchanges.

French lender Societe Generale’s unit SG-FORGE launched its euro-backed stablecoin, EUR CoinVertible (EURCV), on the Stellar blockchain to comply with EU regulations. The move aims to provide businesses with a secure digital euro option. EURCV was initially on Ethereum and will benefit from Stellar’s fast and low-cost transactions.

Strategy, formerly MicroStrategy, plans to buy an additional $2 billion worth of Bitcoin through convertible notes. Metaplanet, a Japanese company, has also increased its Bitcoin holdings. Strategy is now the largest corporate holder of Bitcoin, while Metaplanet aims to accumulate 10,000 BTC by 2025 and 21,000 BTC by 2026.

Pi Network launched its Open Mainnet, causing price fluctuations for its token, Pi (PI). The transition to an open blockchain system is expected to increase real-world use and accessibility. Despite a surge in price followed by a crash, concerns remain around legality, regulatory hurdles, and long-term viability. Exchange listings and integration with decentralized applications are…

The European Central Bank is working on a blockchain-based payment system to settle transactions using central bank money. The project will be rolled out in two phases, with the goal of improving financial market efficiency. Switzerland has a similar initiative. The ECB aims to counter stablecoins’ influence by accelerating the launch of a digital euro.

Franklin Templeton launched a dual spot Bitcoin and Ethereum ETF on Feb. 20, trading under the EZPZ ticker on Cboe. The fund tracks the CF Institutional Digital Asset Index, with 82% allocated to Bitcoin and 18% to Ethereum. This is Franklin Templeton’s third crypto ETF, aiming to represent beta for crypto in the long term.