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SBF’s Bail Agreement Cuts Access to Messaging Apps: Report

• SBF’s lawyers have agreed to modified bail conditions with US prosecutors. The new agreement will give the former crypto mogul a new laptop and phone with limited functions, including no access to the Internet or messaging apps. • SBF’s parents will also take measures to restrict his access to their devices and signed sworn […]

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EOS Soars 8%, Bitcoin at 18-Day Low: Weekend Crypto Watch

• Bitcoin experienced a massive crash on Friday, dropping to just under $22,000 – its lowest price tag since February 14. • Ripple’s XRP and EOS are among the few alts with notable gains. • Bitcoin has managed to reclaim some ground since then and trades at over $22,000. Bitcoin Price Crash Friday saw a […]

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Block Shares Jump 7% Despite Declining Bitcoin Revenue

• 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 […]

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Do Kwon Cashed 10K BTC: SEC Claims He Used Swiss Bank

• 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 […]

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SEC Shuts Down Kraken Staking: BTC & ETH Plunge 4%

• 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 […]

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Bitcoin Soars to 5-Month High Above $24K, Altcoins Follow Suit

• 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 […]

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Visa CEO: Stablecoins and CBDCs to Play ‚Meaningful Role‘ in Payments Space

• Visa CEO Alfred Kelly believes that stablecoins and CBDCs will play a meaningful role in the payments space. • Visa has invested in multiple crypto funds and companies, and has a complementary and competitive relationship with cryptocurrencies. • The company’s annual report also mentions their exploration of new opportunities and risks in the blockchain […]