Category: crypto

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.

Coinbase users lose over $300 million annually to social engineering scams, with $65 million stolen between December 2024 and January 2025. Scammers target victims through fake emails and websites, with some funds traced to a consolidation address. Coinbase faces criticism for security vulnerabilities and lack of timely response to incidents. Measures to improve security include…

Kraken has obtained a MiFID license in the EU through the acquisition of a Cypriot investment firm, approved by CySEC. This allows the exchange to offer regulated derivatives trading to sophisticated crypto investors in European markets. Kraken is also relaunching on-chain staking services for US clients and expanding its regulatory presence.

The Subcommittee on Oversight and Investigations will hold a hearing titled “Operation Choke Point 2.0: The Biden Administration’s Efforts to Put Crypto in the Crosshairs” on Feb. 6. It will examine the impact of regulatory actions on the crypto industry, assess the effects on firms and employees, and discuss necessary policy measures. Witnesses include Coinbase’s…

Andean Medjedovic is facing a five-count criminal indictment for allegedly stealing $65 million by exploiting KyberSwap and Indexed Finance. He remains at large as of Feb. 3. The US Department of Justice has charged him with various crimes including wire fraud and money laundering. KyberSwap has reimbursed affected users.

Coinbase has become the largest registered Virtual Asset Service Provider in the UK, after receiving approval from the Financial Conduct Authority. This milestone allows the exchange to facilitate crypto and fiat transactions for UK users while complying with regulations. Coinbase’s international expansion strategy includes recent approval in Argentina.

Bybit CEO Ben Zhou disputes reports of $2 billion in crypto market liquidations, suggesting the actual figure is between $8-10 billion. He cites Bybit’s internal data showing $2.1 billion in liquidations in the past 24 hours. Data distortion due to API restrictions on exchanges like Bybit, Binance, and OKX raises concerns about accurate reporting.

Russia’s Ministry of Energy is planning to create a registry for crypto mining equipment, making registration mandatory to combat illegal mining. The government aims to refine regulations, improve oversight, and establish clearer criteria for defining crypto mining. The Federal Taxation Service has also introduced an online system for miners to declare earnings, aligning with efforts…

Crypto exchange-traded products (ETPs) saw $527 million in inflows last week, with market sentiment fluctuating due to concerns over DeepSeek, a Chinese AI company. Despite a $530 million sell-off at the start of the week, over $1 billion in inflows were recorded later. Bitcoin led in inflows, with the US dominating. XRP also saw strong…

India is considering changing its stance on cryptocurrency in response to global trends. The government is exploring more flexible regulations to support the sector’s growth and potential economic benefits. However, the country is also implementing stricter tax measures on digital assets, which industry experts warn could drive traders to underground markets.