Bitcoin’s sell-off to $97,777 was followed by a healthy response from dip buyers. Is a snap back to BTC’s range highs the next logical step? Source link
Month: January 2025
KuCoin pleads guilty to operating unlicensed business paying $300M in fines
Key Takeaways KuCoin pleaded guilty to operating an unlicensed money-transmitting business, agreeing to pay $300 million in fines. KuCoin founders were accused of failing to implement an anti-money-laundering program, violating the Bank Secrecy Act. Share this article KuCoin, a Seychelles-based crypto exchange, pleaded guilty to operating an unlicensed money-transmitting business and agreed to pay $300 million in combined fines and forfeitures, according to a Bloomberg report. Peken Global Ltd., one of three entities operating as KuCoin, entered the plea on Monday in Manhattan before US District Judge Andrew Carter. The…
21Shares files in-kind redemption proposal for Bitcoin and Ethereum ETFs
Key Takeaways 21Shares proposes in-kind creation and redemption for its Bitcoin and Ethereum ETFs, aiming for more efficient fund management. The proposal follows Nasdaq’s similar filing for BlackRock’s iShares Bitcoin Trust. Share this article 21Shares submitted a proposal to the SEC seeking approval for in-kind creation and redemption mechanisms for its ARK 21Shares Bitcoin ETF and 21Shares Core Ethereum ETF. The proposal, filed through Cboe BZX Exchange, would allow authorized participants to directly exchange ETF shares for Bitcoin or Ethereum instead of cash. The in-kind approach is designed to enhance…
Bitcoin price drops under $98K as markets sell-off following DeepSeek AI launch
Bitcoin price fell to $97,754 as crypto and stock markets digested the significance of a China-based ChatGPT AI competitor called DeepSeek. Source link
Judge sentences Forcount promoter to 30 months behind bars
Antonia Perez Hernandez, one of five individuals indicted for their involvement in the Ponzi scheme Forcount, pleaded guilty to conspiracy to commit wire fraud in 2024. Source link
Blockchain identity platform Humanity Protocol valued at $1.1B after fundraise
With the advent of Web3, decentralized identity solutions (DIDs) are considered key for securing users’ digital footprint. Source link
Erik Voorhees’ Venice debuts VVV token with first airdrop targeting AI agents
Key Takeaways Venice’s VVV token launch marks the first airdrop targeting AI agents, with 25% of the supply allocated to AI protocol accounts on Base. The platform offers decentralized, private AI access, attracting over 450,000 users and enabling VVV token staking for perpetual API capacity. Share this article Erik Voorhees’ Venice platform has officially launched its VVV token on Ethereum’s Layer 2 Base network. VVV is the first airdrop specifically targeting AI agents, with 25% of the genesis supply allocated to AI community protocol accounts on Base, including Virtuals and…
Price analysis 1/27: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK
Bitcoin and altcoins saw sharp selling as traders reduced risk following the popular launch of the DeepSeek AI app. Source link
CFTC acting chair announces roundtables on crypto market structure
Acting CFTC Chair Caroline Pham said the commission planned to go “back to basics,” also suggesting the regulator would explore regulatory safeguards. Source link
Maple Finance debuts Bitcoin-linked yield offering for institutional investors
Maple’s new offering will compete for market share against a number of similar derivative products, promising BTC yields and downside protection for wealthy investors. Source link