Year: 2024

quick take Hut 8’s stock dropped by 23% following allegations from J Capital, suggesting insiders were planning to sell off stock, prompting legal action from firms representing impacted investors. The company countered J Capital’s claims, dismissing them as misinformation. Simultaneously, it witnessed changes in leadership, with Asher Genoot assuming the role of the new CEO….

Matt White, the CEO of Dubai’s Virtual Assets Regulatory Authority (VARA), views the Financial Action Task Force’s (FATF) decision to remove the UAE from the grey list as a significant step forward. This move is expected to pave the way for increased investments in the cryptocurrency sector. Following the UAE’s successful fulfillment of its action…

The trading volume on decentralized exchanges (DEX) operating on the Solana (SOL) blockchain has surged dramatically, surpassing the $2 billion milestone for four consecutive days. On March 5, this momentum peaked with a record-breaking trading volume of $2.85 billion. According to DeFi TVL aggregator DeFiLlama, Solana DEXes witnessed a staggering increase, recording over $2 billion…

summary Las Vegas CEO Martin Mizrahi, found guilty on various counts including wire fraud and money laundering, is confronted with a potential 127-year prison sentence. Mizrahi’s illicit activities comprised laundering more than $4 million via Bitcoin, including funds sourced from a New York nonprofit organization and a Mexican cartel. The worldwide crackdown on cryptocurrency fraud…

The Arizona Senate is currently considering the possibility of integrating Bitcoin exchange-traded funds (ETFs) into the investment portfolios of state retirement funds. This move represents a significant step towards modernizing investment strategies and embracing emerging financial technologies within the state’s retirement system. If implemented, allowing Bitcoin ETFs in state retirement portfolios could potentially offer several…

quick take Bitcoin’s price has rebounded notably, exceeding $66,000 following a recent dip. South Korea’s ‘Kimchi premium’ on Bitcoin has reached its peak in the last two years. The surge in the Kimchi premium suggests a robust comeback of Korean retail investors in the cryptocurrency market. Bitcoin (BTC) has experienced a noteworthy price rebound, exceeding…

Solana’s DeFi Ecosystem Witnesses Explosive Growth in Trading Volume Recent data from DefiLlama reveals a significant expansion in Solana’s decentralized finance (DeFi) sector over the past week. Notably, decentralized exchanges (DEXs) operating on the Solana network have seen remarkable spikes in trading volume, particularly between March 3 and March 6. Insights into Solana’s DEX Trading…