Author: Tony Pearce
South Korea’s Kimchi Premium Reaches a 10-month High
Reading Time: < 1 minuteThe kimchi premium for Bitcoin in South Korea reached its highest level in 10 months as the price on local exchanges remained stable amidst a larger crypto market decline.
Kraken Launches Staking Services in US
Reading Time: < 1 minuteKraken has introduced a new staking product for clients in the United States, available in 37 states and 2 territories.
Tether’s USDT is Launched on Lightning Network
Reading Time: < 1 minuteAt the Plan B conference in El Salvador, Tether announced its plans to bring its stablecoin to the Bitcoin network through the use of the Lightning Network, a layer 2 scaling service.
Tesla Reports $600B Bitcoin Gain
Reading Time: < 1 minuteTesla’s reported net income for the fourth quarter received a significant boost from its Bitcoin holdings, due to a recently implemented rule change for accounting of digital assets.
Utah Passes Bill to Invest State Funds in Digital Assets
Reading Time: < 1 minuteThe Utah House Economic Development and Workforce Services Committee has approved a bill that allows the state to invest public funds in digital assets.
OKX and Crypto.com Win MiCA Licenses
Reading Time: < 1 minuteOn January 27, OKX and Crypto.com announced that they have obtained full licenses under the EU’s Markets in Crypto-Assets Regulation (MiCA).
Nasdaq Seeks Rule Change for BlackRock’s Spot Bitcoin ETF
Reading Time: < 1 minuteNasdaq has proposed a rule change for BlackRock’s iShares Bitcoin Trust ETF, which would allow for in-kind BTC redemptions for authorized participants, rather than just cash.
Canada Regulator Announces it Will Monitor Crypto Transactions to Fight Drugs Trafficking
Reading Time: < 1 minuteCanada’s financial intelligence agency, FINTRAC, has released a new alert highlighting the use of cryptocurrencies in laundering proceeds from synthetic fentanyl and opioid trafficking.
SEC Cancels SAB 121 Crypto Accounting Bulletin
Reading Time: < 1 minuteOn Thursday, the SEC introduced a new bulletin, SAB 122, which allows financial institutions to hold digital assets.
Goldman Sachs CEO: Bitcoin Does Not Threaten US Dollar
Reading Time: < 1 minuteAccording to Goldman Sachs’ CEO David Solomon, while Bitcoin has recently reached new all-time-high prices since the election, it still poses no threat to the US dollar.
Trump Pardons Silk Road Creator Ross Ulbricht
Reading Time: < 1 minuteUS President Donald Trump announced that he has signed a full and unrestricted pardon for Ross Ulbricht, the founder of Silk Road.
EU Regulator Urges Companies to Limit Non-compliant Stablecoins
Reading Time: < 1 minuteThe European Union is looking to regulate stablecoins that do not follow the MiCA regulations, citing concerns over their potential risks and challenges.
Ethereum Foundation Will Allocate 50,000 Ether to Support DeFi Apps
Reading Time: < 1 minuteThe Ethereum Foundation has announced that it will be dedicating 50,000 Ether to support the decentralized finance (DeFi) ecosystem on the Ethereum blockchain.
SEC Fines Digital Currency Group
Reading Time: < 1 minuteThe US Securities and Exchange Commission (SEC) has officially begun a legal process against Digital Currency Group (DCG).
MicroStrategy May Acquire Additional Bitcoins
Reading Time: < 1 minuteOn Jan. 19, for the 11th consecutive week, MicroStrategy co-founder Michael Saylor shared a Bitcoin chart indicating an imminent BTC purchase.
Crypto Expert Files Lawsuit Against US Attorney General
Reading Time: < 1 minuteA crypto developer has filed a lawsuit against the head of the US Justice Department, seeking a court ruling to declare their crypto software legal and prevent any potential future prosecutions.
Illicit Crypto Volumes Reached $51B Last Year: Report
Reading Time: < 1 minuteAccording to estimates by Chainalysis, illicit crypto volumes potentially reached a whopping $51 billion in 2024.
Italy’s Largest Bank Makes $1M Investment in BTC
Reading Time: < 1 minuteOn Monday, Intesa Sanpaolo, Italy’s largest bank, made its first proprietary trade in the world’s largest digital currency, buying 1 million euros worth of Bitcoin.
Deribit Reportedly Exploring Buyout Offers
Reading Time: < 1 minuteCryptocurrency options exchange Deribit is considering potential buyout opportunities amidst a surge in merger activity within the blockchain industry.
What Are Centralized Crypto Exchanges?
Reading Time: 2 minutesCentralized crypto exchanges are online platforms that allow for the buying, selling, and trading of various cryptocurrencies.
Robinhood Agrees to Pay $45 Million to SEC
Reading Time: < 1 minuteThe SEC has announced that Robinhood Securities LLC and Robinhood Financial LLC will pay a combined $45 million in civil penalties to settle multiple charges stemming from regulatory failures.
Binance May Face a Class Action Lawsuit
Reading Time: < 1 minuteThe US Supreme Court has rejected an appeal from crypto exchange Binance and its founder, Changpeng “CZ” Zhao.
Singapore Restritcs Access to Polymarket
Reading Time: < 1 minuteSingapore has joined the ranks of the US, France, Taiwan, and other jurisdictions in restricting access to the prediction marketplace Polymarket.
What is Crypto Staking?
Reading Time: 2 minutesStaking, in general, refers to the act of holding a certain amount of a cryptocurrency in a wallet for a defined period.
Bitwise: More Than Half of US Advisors Plan to Invest in Crypto This Year
Reading Time: < 1 minuteThe mainstream adoption of crypto continues to grow, as it moves beyond being limited to niche groups.