Bitcoin mining is the cornerstone of the crypto industry and the crypto market. At its core, the profitability of mining comes down to a single, crucial metric — the cost of producing each bitcoin. The importance of this cost becomes even greater when it comes to publicly traded Bitcoin mining…

Coinbase CLO Paul Grewal criticized a minimalistic legal filing from the U.S. Securities and Exchange Commission (SEC) on Jan. 30. Grewal wrote in a post on X: “Below is the administrative record of [the SEC’s] decision rejecting our petition for digital assets rules. See for yourself whether it’s even close…

Ophelia Snyder, co-founder and president of 21Shares, called spot Bitcoin ETFs a success during an interview with Bloomberg on Jan. 30. 21Shares is responsible for a joint spot Bitcoin ETF with Ark Invest, one of several approved by the U.S. Securities and Exchange Commission (SEC) on Jan. 10. Snyder commented…

Crypto AI firm Fetch.ai said on Jan. 30 that it continues to operate as usual despite earlier restructuring proceedings. It said: “As part of [our move to Dubai], Fetch.ai has been through a restructuring process which has included the administration of … ‘Fetch.ai UK Ltd.’ This was a factor of…

Jan van Eck, CEO of the prominent global investment management firm VanEck, believes there are two major hurdles hindering the tokenization of real-world assets (RWAs). The CEO shared his insights on the matter during a recent interview with Raoul Pal. His remarks come in the wake of VanEck’s recent accomplishment of…

A Binance representative confirmed in a Jan. 30 email statement sent to CryptoSlate that the platform is now allowing institutional investors to secure their trading collateral through a third-party banking partner. Binance’s solution, described as a “banking triparty” arrangement, has been under development for the past two years and directly…

Circle’s USD Coin (USDC) stablecoin has expanded to the Celo Network to enhance cross-border payments and peer-to-peer transactions. The Celo Foundation, in a Jan. 30 statement shared with CryptoSlate, highlighted the potential of this expansion to facilitate local currency conversions seamlessly. “USDC joins [Celo’s] ecosystem stablecoin use cases, including remittances,…

Standard Chartered Bank has projected that the U.S. Securities and Exchange Commission (SEC) will give the green light to spot Ethereum exchange-traded funds (ETFs) by May 23, The Block reported Jan. 30, citing a research report. This expectation mirrors the timeline and approach previously seen in the SEC’s approval process…

Crypto and NFT payments infrastructure company Transak has partnered with Visa to integrate Visa debit capabilities into its global off-ramp service. This move increases the options for crypto-to-fiat off-ramps, allowing users in over 145 countries to convert their crypto holdings into local fiat currencies. Using a product called Visa Direct,…

German authorities successfully confiscated 50,000 Bitcoin, valued at $2.17 billion, in mid-January from a piracy website, according to a Jan. 30 statement from the Saxony Police. The seizure is linked to an ongoing investigation into suspected unauthorized commercial exploitation of copyrighted works under the Copyright Act and subsequent commercial money…