US banking giant Citigroup has released a comprehensive report detailing the successful integration of Distributed Ledger Technology (DLT) into the private market sector through fund tokenization on the Avalanche blockchain network. According to the report, DLT offers a “significant opportunity” to revamp capital markets infrastructure, enabling innovative investment products and…

Trust Wallet has denied reports that it is under investigation by the US government or its agencies, according to a Feb. 15 statement. ‘Binance Trust Wallet’ vulnerability Earlier today, multiple reports indicated that the National Institute of Standards and Technology (NIST), a US agency responsible for setting technology and cybersecurity…

Crypto money laundering experienced a significant decline of 29.5% in 2023 compared to the previous year, primarily due to a decrease in overall crypto transaction volume. According to a Chainalysis report, illicit addresses moved approximately $22.2 billion in digital assets to various crypto services in 2023, marking a notable drop…

The Ethiopian government is set to begin mining Bitcoin through a new partnership with Data Center Service — a subsidiary of West Data Group, according to Ethiopia-based Hashlabs Mining CEO Kal Kassa. The partnership was announced by the country’s sovereign wealth fund, Ethiopian Investment Holdings (EIH) on Feb. 15. Under…

A seemingly progressive digital asset bill has been approved by the Judiciary Committee in Iowa, introducing significant amendments to the Uniform Commercial Code, explicitly aiming to integrate digital assets and electronic records into commercial transactions. The bill, House File 2519, is titled “An act relating to commercial transactions, including control…

Quick Take Tracking the average withdrawal prices from digital asset exchanges provides a viable method to estimate a market-wide cost basis. Exchange Average Withdrawal Price: (Source: Glassnode) A deep-dive into the cohorts’ performance reveals an interesting narrative. The most notable cohort is 2021, which had an initial realized price of…

Chainlink has secured a strategic partnership with Telefonica, a global telecommunications powerhouse, to secure the connection of Web3 smart contracts with Global System for Mobile Communications Association (GSMA) Open Gateway APIs, according to a Feb. 15 statement shared with CryptoSlate. “This collaboration marks a significant step in integrating Telco capabilities…

Ark Invest, led by Cathie Wood, divested over 200,000 units of Coinbase (COIN) shares, marking its first significant sale in over a month, per the firm’s latest trading file obtained by CryptoSlate. The transaction included the sale of 152,600 Coinbase shares from the ARK Innovation ETF (ARKK). The firm also…

Quick Take A data analysis snapshot from Bitcoin Munger presents an interesting nuance in the financial landscape. Gold Outfows: (Source: bitcoinmunger, Bloomberg) Historically considered a safe haven asset, Gold has experienced significant outflows from its ETFs. Bloomberg’s chart shows a downward trend, with roughly $3 billion outflows from various gold…

Bitcoin’s mining landscape is poised for another challenge as mining difficulty is set to rise by nearly 8% today, Feb. 15. Data from CoinWarz shows that this increase, which is expected to hit a new record high, will surpass 81 trillion at block height 830,592. The network is expected to…