Several Republican senators have criticized the SEC’s recent mishandling of the DEBT Box case as “unethical” and raised questions about the watchdog’s regulatory approach under the leadership of chair Gary Gensler. The five senators said in a letter dated Feb. 7 that the SEC’s blunders in the case were “unacceptable” and…

The U.S. Treasury Department said on Feb. 8 that its latest risk assessments show that virtual assets currently represent a small fraction of total money laundering flows compared to fiat currencies; however, they are becoming an increasing concern for regulatory and enforcement agencies. The regulator revealed the findings in its…

Quick Take Since October 2023, there has been a persistent decline in exchange withdrawals. As per the current data from Glassnode, Bitcoin withdrawals from exchanges have reached a four-year low, numbering merely 35,000 Bitcoin. On the contrasting side, Bitcoin deposits onto exchanges maintain a higher figure, with 56,500 Bitcoins being…

In a significant legal turnaround, the Appellate Court of Montenegro issued a decision on Feb. 7, 2024, overturning the previous ruling of the High Court in Podgorica concerning the extradition of Terraform Labs founder Hyeong Do Kwon. The court’s decision was announced in a press release published on Feb. 8.…

Quick Take The market for Bitcoin ETFs is witnessing an uptick in interest from institutional investors. BlackRock recently noticed an expansion in the holder list of its ETF, IBIT. The new entrants include Redwood Asset Management Inc. and Advisorshares Investments LLC, according to ETF Bloomberg analyst Eric Balchunas. This could potentially…

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t…

zkLend, a money market protocol built on the Ethereum layer2 network Starknet, is preparing to launch its native ZEND token this year to enhance its platform’s utility. In a Feb. 7 statement shared with CryptoSlate, the platform explained that the token would be airdropped at an undisclosed time to the…

The 2021 GameStop saga, recently featured in a Netflix movie, may have unexpected parallels with Bitcoin, particularly in the context of a potential supply crunch. Echoes of the Reddit-fueled’ mother of all short squeezes’ (MOASS) for GameStop, in Bitcoin’s context, could manifest as a significant supply squeeze, or ‘Bitcoin Mother…

Quick Take A trend emerged between Bitcoin and TLT, the U.S. long bond ETF, in early December as BTC denominated in TLT hit a triple top level previously seen in 2021. Bitcoin just rallied above $44,200 and is 36% off its all-time high of $69,000; it has showcased a significant dominance…

Finder’s latest survey of 40 crypto founders, executives, and educators reveals a bullish outlook for Bitcoin, projecting its value to increase significantly through 2030. The consensus among the panel suggests a positive trajectory for Bitcoin, predicting its value to rise to $77,423 by the end of 2024, $122,688 by 2025,…