Business intelligence firm MicroStrategy announced its Bitcoin acquisitions for the fourth quarter of 2023 in a press release on Feb. 6. MicroStrategy President and CEO Phong Le said: “2023 was an extraordinary year for MicroStrategy as we strategically raised capital to significantly increase our bitcoin holdings … We believe that…
Janet Yellen, U.S. Secretary of the Treasury, affirmed the need to regulate the cryptocurrency sector beyond securities laws on Feb. 6. Yellen made those remarks during a hearing before the U.S. House of Representatives Committee on Financial Services. There, she said: “The [Treasury’s Financial Stability Oversight Council (FSOC)] is focused…
Digital Currency Group (DCG), the parent company of the defunct crypto lender Genesis, has filed an objection against the approval of its subsidiary’s bankruptcy plan, which was created via a “clandestine approach.” In a Feb. 5 court filing, DCG argued that Genesis’ plan aims to exceed legal obligations by overcompensating…
The U.S. Securities and Exchange Commission (SEC) extended the decision period for Invesco and Galaxy’s spot Ethereum ETF on Feb. 6. The agency’s announcement specifically concerns a proposed rule change from Cboe BZX that would allow it to list and trade shares of the fund. The SEC said that the…
Ronin (RON) saw its value plummet by 26% right after its listing on the Binance exchange, erasing a 15% gain and marking a nearly 30% drop in the last 24 hours. Following a short-lived recovery that pushed Ronin above the $3 mark for the first time since February 2022, the…
The non-profit Crypto Open Patent Alliance (COPA) trial to contest Dr. Craig Wright’s claim to be Satoshi Nakamoto began on Feb. 5 in the UK under the gavel of Mr. Justice Mellor. The examination of Dr. Wright begins today, Feb. 6. Statements from COPA on day one shared with CryptoSlate…
The Solana blockchain network resumed full operations following a five-hour major outage that temporarily halted transactions and disrupted services. The interruption, which started at approximately 9:53 AM UTC, was resolved after a collaborative effort by Solana’s engineers and validator operators, leading to a successful network restart at 14:57 UTC. It…
Bitcoin’s origin story took center stage on day two as Dr. Craig Wright, who claims to be Satoshi Nakamoto, took the witness stand under oath. Wright faces allegations of presenting forged documents to support his identity claim by the Crypto Open Patent Alliance (COPA). In the initial morning session, Justice…
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Chainlink’s LINK token has surged to a five-month high in exchange balance, marking a notable uptick in inflows for the first time this year. The Glassnode charts below show that approximately $75 million worth of LINK has flooded onto cryptocurrency trading platforms since Feb. 1. Consequently, its exchange balance has…