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Crypto

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Crypto Titan Digital Currency Group Opposes Genesis' Restructuring Plan for Favoring Select Creditors

February 8, 2024

In a legal document filed on Feb. 6, 2024, the crypto juggernaut, Digital Currency Group (DCG), voiced opposition to Genesis’ revised bankruptcy strategy for multiple concerns. DCG argues that the plan favors certain creditors over others unjustly, and the company’s legal team charges Genesis with violating their fiduciary responsibilities and presenting the proposal in bad faith. DCG Raises…

Leading Privacy Crypto Monero Bounces Back: XMR Surges 25%, Defying Delisting Woes

February 8, 2024

After the leading privacy crypto token moneron experienced a substantial 32% price decline on Tuesday, the coin’s value swiftly saw recovery the next day, surging by 25% within the last 24 hours. Binance, Kraken, and Kucoin are witnessing significant activity in monero’s…

South Korean Regulator Plans to Discuss Crypto Rules With US SEC Chair Gary Gensler

February 7, 2024

South Korea’s financial watchdog chief is planning to visit the U.S. to discuss crypto regulation with the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, with a focus on the SEC’s recent decision to approve spot bitcoin exchange-traded funds…

US and UK Financial Regulators Discuss Effective Crypto Oversight

February 7, 2024

The U.S. and U.K. Financial Regulatory Working Group has emphasized the importance of effective regulation and oversight of crypto assets and markets. They also reiterated their support for the international work on crypto assets. US-UK Financial Regulatory Working Group Discusses Crypto Regulation The U.S.-U.K. Financial Regulatory Working Group (FRWG) convened in London for its ninth official…

Vast Bank Withdraws From Cryptocurrency Sector, Shuts Down Mobile App

February 7, 2024

Vast Bank, the U.S. financial institution that once offered customers the unique ability to manage cryptocurrencies alongside traditional banking, is exiting the digital asset space and shutting down its crypto mobile app in response to a consent order from the Office of the…

Monero's Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence

February 7, 2024

The leading privacy-focused cryptocurrency by market valuation, monero, experienced a sharp 32% decline within the last day after news broke that Binance intends to remove the coin from its platform. Citing non-compliance with its listing criteria, Binance announced that…

Solana Mobile's ‘Chapter 2’ Crypto Phone Surpasses 60,000 Preorders

February 7, 2024

The crypto community has shown remarkable support for Solana Mobile’s upcoming “Chapter 2” smartphone, amassing over 60,000 preorders after its announcement, as the company gears up for a launch in 2025. Solana Mobile’s ‘Chapter 2’ Phone Hits 60K Preorders Ahead of 2025 Launch Solana Mobile’s upcoming “Chapter 2” crypto phone has already garnered 60,000 preorders, signaling a…

Beijing Targets Cryptocurrency Mining Operations in New Energy Conservation Plan

February 7, 2024

Beijing is prepared to apply a new policy to strengthen the actions to foster energy conservation in several aspects of the city’s operations, promoting carbon and pollution reduction. The plan proposes to increase the oversight level on Bitcoin mining activities…

Stablecoin Issuer Tether Leads $25 Million Funding Round for Mobile Payment Startup Oobit

February 6, 2024

On Monday, Tether, the leading issuer of stablecoins, revealed its role as the lead investor in the Series A funding round of mobile payment startup Oobit, which successfully garnered $25 million. The investment round saw contributions from notable entities such as Titan…

Weekly Crypto Roundup: Standouts From FLR, LINK and Stumbles From MANTA, and CFX

February 6, 2024

In the span from Jan. 29 to Feb. 5, 2024, while bitcoin and ethereum have remained stagnant within their trading ranges, a selection of cryptocurrencies have enjoyed significant weekly upsurges, registering double-digit gains against the U.S. dollar. Specifically, flare, chainlink, and bittensor emerged as frontrunners, boasting increases from 19.2% to an impressive 39.7%. Conversely, manta…