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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…

Following the launch of Taproot Wizards’ Quantum Cats non-fungible token (NFT) series, secondary market activity reveals significant trading volume and a significant increase in the collection’s minimum value. Initially offered at 0.1 bitcoin each, Quantum Cats’ lowest value now fluctuates around 0.303 bitcoin or $13,062 for each NFT. Quantum Cats Floor Values Leap to New…

Bitcoin’s price continues to demonstrate resilience in the face of market fluctuations, settling at $42,902 to $43,091 within the last hour, with a modest uptick of 0.4% in the last 24 hours. This week’s growth of 0.7%, coupled with a 6.8% increase over the past two weeks, highlights the ongoing range-bound dynamics within the crypto…

Blackrock’s Ishares Bitcoin Trust (IBIT) has rapidly ascended to the upper ranks of the exchange-traded funds (ETFs) market, landing among the top five in terms of 2024 inflows in just 17 days, showcasing the burgeoning investor interest in cryptocurrency as a legitimate asset class. Blackrock’s Bitcoin ETF Inflows Greater Than 99.98% of ETFs This Year…

Ethereum Name Service (ENS), a Web3 service provider, and Godaddy, a domain and web hosting company, announced they are partnering to link domains with Web3 addresses. The link between current internet domains and Ethereum-based domain services will allow users to leverage their current domain across Web3 applications, easing the entrance of newcomers to the space.…

ARK Invest’s CEO Cathie Wood believes there is a shift in investment trends, specifically, a growing preference for bitcoin over traditional gold investments. This trend has been particularly pronounced following the launch of spot bitcoin ETFs, offering investors streamlined access to the cryptocurrency. Cathie Wood Says Investors Are Shifting From Gold to Bitcoin Amid Financial…

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 Comptroller of the Currency (OCC). Vast Bank Closes Cryptocurrency App, Exits Digital…

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 (ETFs). He stressed that currently, the impact of SEC policies on the world…

A federal judge has ruled in favor of the U.S. Securities and Exchange Commission (SEC) and ordered Ripple to comply with the regulator’s post-complaint discovery requests concerning XRP. Ripple must also answer an interrogatory regarding the amount of XRP institutional sales proceeds it received after the SEC complaint was filed. Judge Grants SEC’s Motion Against…

After the trading activity on Monday, which saw $642 million in transaction volume, Grayscale’s Bitcoin Trust sold off approximately 3,426.99 bitcoin, valued at around $147 million. Following Tuesday’s trading activity, GBTC offloaded an additional 2,565.39 bitcoin, valued at $110 million. Concurrently, Blackrock’s IBIT has acquired an additional 3,235.87 bitcoin, while Fidelity’s FBTC has secured 2,732.75…