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EIA Begins Probe on Crypto Mining’s Energy Use Following White House Directive

The energy demands of crypto mining in the United States have rapidly increased over the past four years, according to a February 1 press release from the Environmental Impact Agency (EIA). The EIA has been working under strict directives from the White House to gauge the energy consumption of the...

, by Jimmy Aki

Indian Government Rejects Binance’s Plea to Resume Operations, Demands PMLA Compliance

Cryptocurrency exchange Binance is engaged in discussions with the Indian government to regain access to its mobile app and website in the country following its delisting from Apple's India app store. While Binance is prepared to pay taxes and penalties, it is currently unwilling to comply with the...

, by Hassan Shittu

Tether Leads Crypto Mobile App Oobit’s $25 Million Series A Funding

Tether announced today that it led a $25 million Series A funding round for crypto mobile payments app Oobit. Crypto’s biggest stablecoin issuer said the funding will contribute to Oobit's ongoing development. The mobile app enables users to tap and pay for goods and services with their...

, by Tim Hakki

Spanish Ministry of Finance to Seize Cryptocurrencies for Debt Collection from Taxpayers

The Spanish Ministry of Finance aims to enable the seizure of digital assets as a means to settle tax debts. Under the leadership of María Jesús Montero, the ministry is currently working on legislative reforms to the General Tax Law, with a specific focus on Article 162. The...

, by Ruholamin Haqshanas

Digital Asset Investment Fund Record $708 Million Inflows as AUM Hit $53 Billion

Digital asset investment funds have seen an increase in inflows across seven days following a market rebound after days of sell-offs. A new CoinShares Weekly Crypto Asset Flows Report shows massive inflows into Bitcoin (BTC) and other cryptocurrencies, raising yearly entries to $1.6 billion. ...

, by David Pokima

Lawmaker: Lack of Russian Crypto Regulations ‘Undermines Moscow’s Anti-Sanctions Policies’

A leading politician thinks insufficient Russian crypto regulation is “undermining the government’s efforts to counter” Western economic sanctions. The media outlet RBC quoted Andrei Lugovoy, the First Deputy Chairman of the State Duma’s Committee on Security and...

, by Tim Alper

South Korean Crypto Exchange Bithumb Reinstates Commission Fees After Four Months

The South Korean crypto exchange Bithumb ended its four-month campaign of commission-free crypto trading on February 5. Per Insight Korea, Bithumb began charging a 0.04% fee “for all crypto transactions starting from February 5.” Bithumb vs Upbit: South Korean Crypto Exchange Rivals...

, by Tim Alper

Ex-Terraform Labs CFO Chang-joon Extradited to South Korea- What’s Going On?

Han Chang-joon, the former Chief Financial Officer of Terraform Labs has been extradited to South Korea by Montenegrin Police after the completion of his jail term. A Feb 5 official release from the country’s police administration says Chang-joon has been extradited to South Korea citing a...

, by David Pokima

Farcaster Records Surge in Daily Users with Frames Launch

The number of daily active users on the decentralized social protocol Farcaster surged to nearly 30,000 on February 4, 2024, according to on-chain data by Dune Analytics. The nearly tenfold increase since January 26 is due to the launch of the Frames feature across Farcaster's protocols. Much of...

, by Tim Hakki

Beijing-Run CBEX Denies Links to Same-Named Crypto Firm + More Crypto News

Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s edition: Beijing-Run CBEX Denies Links to Same-Named Crypto Firm Bracket Labs Integrates Passage on BNB Chain Following $2M...

, by Sead Fadilpašić

AltLayer’s Executive Quells Community Backlash Over $100 Million Airdrop Distribution

AltLayer’s Head of Growth has described events leading up to gains by a few non-fungible token (NFT) holders as a coincidence. Additionally, Dorothy called for more community support in the future. In a reaction to widespread criticism of handling a recent airdrop, the executive took to X...

, by David Pokima

Hong Kong Authorities Urge Crypto Investors to Verify Licenses

Hong Kong’s securities regulator warned crypto investors on Monday to only use licensed trading platforms and to verify the status of the exchanges they have signed up to. The announcement comes as the deadline approaches for Hong Kong-based virtual asset trading platforms to submit...

, by Shalini Nagarajan

Nobody’s Mint Tops NFT Volume Charts + More NFT News

The non-fungible token (NFT) market is having (mostly) a good day, with several collection making it to the NFT news rounds. The sales volume is up 28% to $35,570,470 over the past 24 hours, according to CryptoSlam. Buyers are down 4%, and sellers are up 9%. Transactions are down 7%. As...

, by Sead Fadilpašić

BlackRock and Fidelity Bitcoin ETFs Dominate Top 10 January Inflows with Massive $4.8B Surge

BlackRock and Fidelity's spot Bitcoin (BTC) exchange-traded funds (ETFs) have emerged among the top 10 funds with the highest inflows in January. According to a report from Morningstar research analyst Lan Anh Tran, BlackRock's iShares Bitcoin Trust (IBIT) secured the eighth position with an...

, by Ruholamin Haqshanas

February Frenzy: These 5 Cryptos Have Nearly $1 Billion Worth of Unlocks Due This Month

The crypto market is poised for increased selling pressure across numerous tokens as unlocks worth nearly $1 billion are set to occur this month. Projects such as Optimism (OP), Avalanche (AVAX), The Sandbox (SAND), Aptos (APT), and Sui (SUI) are expected to have the largest unlocks, adding to the...

, by Ruholamin Haqshanas

Beijing Censors Crypto Mining Activities to Strengthen Energy Conservation

Beijing, China has further doubled down on crypto mining activities as a part of its revamped energy conservation implementation plan. Per a recent government notice, the Beijing Municipal Development and Reform Commission along with 11 other departments have implemented revised plan to further...

, by Sujha Sundararajan

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