Category: crypto

Bybit CEO Ben Zhou announced that the crypto exchange is no longer on France’s financial regulator blacklist after over two years of compliance efforts. Bybit is now working on obtaining a Markets in Crypto-Assets Regulation license for operations in the EU. The platform is also migrating its Options platform to USDT to cater to institutional…

The SEC’s Crypto Task Force met with industry representatives to discuss including staking in crypto ETPs like Ethereum and Solana. Industry players presented two models to address SEC concerns, signaling a potential shift in regulatory perspective. The SEC’s internal changes and increasing institutional interest in crypto products are contributing to this discussion.

Abu Dhabi’s sovereign wealth fund Mubadala and the State of Wisconsin Investment Board disclosed their exposure to Bitcoin through BlackRock’s iShares Bitcoin Trust (IBIT) ETF in recent 13F filings. Mubadala holds over 8.2 million shares of IBIT worth $437 million, representing 0.14% of its assets. Other Abu Dhabi investment entities are also involved in crypto.…

Bitcoin could see a turnaround this weekend after six weekends of negative returns, according to Standard Chartered’s Geoffrey Kendrick. He believes improved macroeconomic conditions and lower US bond yields may lead to positive performance. Kendrick also discussed broader macroeconomic developments and suggested that Bitcoin could reach $102,500 in the near term.

State Street and Citi are considering offering crypto custody services to institutional investors, traders, and large funds. State Street plans to roll out these services next year, while BNY Mellon is looking to expand its offerings. Citi is exploring its entry into the crypto custody space and recently completed a proof of concept on tokenizing…

Ethereum’s Pectra upgrade is live on the Ephemery testnet in preparation for an April mainnet launch. Testnet forks are scheduled for Feb. 24 and March 5 to identify and address any issues before the mainnet activation. Developers are also discussing a faster upgrade cycle and planning for the next major upgrade, Fusaka.

Vitalik Buterin argues that increasing Ethereum’s L1 gas capacity is crucial to support transactions and application development as activity moves to L2. By expanding the gas limit, the network can process more transactions and operations, reducing costs for bypass transactions and improving scalability for mass exits and token issuance on L2.

Tether Investments acquired a minority stake in Juventus Football Club as part of a strategy to integrate digital assets and emerging technologies into traditional industries. The move aims to expand Tether’s portfolio beyond its stablecoin USDT and enhance operational frameworks in the sports industry. Juventus has a history of success in Italian football, and the…

Ripple CEO Brad Garlinghouse is optimistic about progress in US crypto regulations after meeting with lawmakers in Washington, D.C. Discussions with Senators and Representatives highlighted potential bipartisan legislation for a regulatory framework. The industry expects development under President Trump’s administration, with bills like the STABLE Act and GENIUS Act proposing regulations for stablecoins. Regulatory bodies…

Former Binance CEO Changpeng Zhao faced scrutiny after multiple memecoins named after his dog, Broccoli, emerged. Zhao revealed his dog’s name and photo but clarified he wouldn’t launch a Broccoli-themed token himself. Scams arose, with critics claiming Zhao’s disclosure made it easy for opportunists to exploit the hype. Despite defending his position, Zhao admitted he…