Category: crypto

WazirX creditors will soon vote on whether to accept a recovery plan that could see compensation for lost crypto starting in 2025 or risk liquidation, with potential lower payouts. The company’s proposed plan has sparked controversy and skepticism among users, with concerns over delays, tax implications, and past communication failures.

Bitcoin has seen significant growth in market capitalization, reaching $2 trillion and surpassing other assets like silver and Meta. Despite ongoing debate over its value and utility, Bitcoin continues to attract institutional interest and nation-state engagement. Demand for Bitcoin remains lower than in previous cycles, with evolving investor behavior and new bursts of demand. The…

FTX will distribute funds to small creditors on Feb. 18, with approved Convenience Class claims receiving full repayment and interest. Larger creditors are still awaiting resolution due to legal disputes. FTX’s bankruptcy was caused by misuse of funds by Alameda Research. New CEO John J. Ray III is leading efforts to recover assets.

Senator Bill Hagerty will introduce the GENIUS Act to regulate stablecoins on Feb. 4. The bill will require stablecoin issuers to back their coins with US currency or other assets, submit monthly audits of reserves, and face criminal penalties for false reporting. The bill aims to provide regulatory clarity and enhance credibility for stablecoins, promoting…

World Liberty Financial, linked to the Trump family, transferred over $307 million in digital assets to Coinbase Prime, including ETH and WBTC. Large transfers to exchanges can indicate potential sales, leading to market volatility. Despite a recent drop in holdings due to Trump’s tariff policies, WLFI denies selling assets, stating it is part of routine…

Ethereum has raised its network gas limit to 32 million units, with plans to increase to 36 million, after a validator vote. This adjustment aims to accommodate more transactions, reduce congestion, and enhance the network’s scalability for DeFi and dApps. Community reactions are positive, with expectations of further improvements in the future.

In January, crypto phishing scams led to $10.25 million in losses for 9,220 victims, a 56% decrease from December. Ethereum users were hit the hardest, with over 80% of stolen funds. Scam Sniffer noted an increase in sophisticated attacks, including transaction simulation spoofing and fake safeguard scams on Telegram targeting Solana users.

: On Feb. 3, spot Bitcoin ETFs experienced a net outflow of $235 million, following a four-day streak of net inflows totaling $1 billion. The outflows were triggered by Bitcoin’s drop to a three-week low, attributed to President Trump’s announcement of new tariffs on imports from Canada, Mexico, and China.

President Donald Trump issued an executive order to establish a sovereign wealth fund for the United States to enhance fiscal sustainability, ease tax burdens, and secure economic stability. The fund aims to promote national prosperity and could potentially include investments in Bitcoin. However, current betting trends suggest a low probability of Bitcoin exposure in the…

Bitcoin reached a daily low of $91,341.25 on Feb. 3 due to Trump’s tariffs remarks, but remains structurally strong. It surged in January, hitting an all-time high of $109,590 before closing at $102,470. Bitcoin’s correlation with US equity markets has strengthened, and it has shown resilience despite recent pullbacks.