• Block (formerly Square) reported $1.83 billion of bitcoin revenue in Q4 2022 from its Cash App payment service. • The company blamed the declining crypto market for the reduced revenue compared to Q4 2021, when BTC reached an ATH of almost $70,000. • Despite the drop in bitcoin revenue, Block’s shares jumped 7% after […]

• The US Securities and Exchange Commission (SEC) has accused Do Kwon of cashing out 10,000 BTC from a cold wallet after his company, Terraform Labs, collapsed. • Kwon reportedly used an unnamed Swiss bank to swap the bitcoin for cash between June 2022 and the date of the SEC complaint. • The former co-founder […]

• The SEC has laid charges against Kraken for offering unregistered staking services and Kraken has agreed to halt the service and pay $30 million in disgorgement, prejudgment interest, and civil penalties. • The SEC argues that cryptocurrency intermediaries, when offering investment contracts in exchange for investors’ tokens, need to provide proper disclosures and safeguards […]

• Bitcoin soared to a five month high above $24K following the US Federal Reserve’s interest rate hike. • Matic and Avalanche were the top performing large-cap altcoins. • Bitcoin closed its best January since 2013, marking a monthly increase of almost 40%. Bitcoin, the world’s largest and most popular cryptocurrency, has seen an impressive […]