Day: February 8, 2024

US-Based Crypto Exchange Cracks Into Europe’s Fifth-Largest Economy With VASP Registration

boss

A prominent US-based crypto exchange platform is venturing into Europe’s fifth-largest economy after acquiring the proper registration. In a new press release, crypto trading platform Kraken announced that it has obtained VASP (Virtual Asset Service Provider) registration from the Dutch Central Bank (DCB), allowing it to expand its services into the Netherlands. VASP licenses give crypto firms clear guidelines on how to operate digital asset services within the European Union (EU). As stated by Brian Gahan, the managing editor of Kraken’s European branch, in the press release, “With the addition of…

Craig Wright admits forging key documents to claim Satoshi Nakamoto identity

On the fourth day of the COPA v. Craig Wright trial, Wright conceded that many documents he presented to affirm his claim as Satoshi Nakamoto were indeed forged.  Highlighting this development, COPA showcased evidence of anachronisms, including fonts that did not exist when the documents were supposedly created, leading Wright to admit their inauthenticity. However, Wright shifted blame to several third parties: mistakes by former solicitors, sabotage by ex-employees, hackers compromising his systems, and even the IT environment, which he claimed could autonomously alter documents. This casts Wright, who professes…

Ethereum Staking Reaches Historic Milestone As ETH Price Barrels Past $2,400

boss

Ethereum staking has been ramping up despite the poor performance of the ETH price over the past year. Liquid staking protocols such as Lido Finance have continued to see the amount of ETH being staked rise, and as a result of this continued interest in staking ETH, the total amount of supply that has been locked so far has reached a new all-time high. 25% Of All ETH Are Now Staked In an interesting turn of events, the total percentage of ETH supply that is being staked has crossed the…

Ether’s Prometheum Test

See also: DeFi Shouldn’t Have to Worry About the SEC’s Expanded Broker Rule | Opinion “The stakes aren’t just high for Prometheum and the rest of the industry, but also for the government agency that has claimed for years that there’s a proper way for crypto firms to ‘come in and register’ to do business in the U.S.; Prometheum came in and registered but what happens next is unclear. And while it tests these murky waters, it may also help establish whether the SEC intends to view ETH as a…

Solana-Based Jupiter Reveals Candidates For Next Launchpad

boss

Solana-based decentralized exchange (DEX) aggregator Jupiter recently announced the possible launch of three new tokens through its launchpad. The announcement follows the launch of its JUP native token via the LFG launchpad last week. Solana’s Community Holds The Power? After the scheduled closing of the JUP launch pool, Jupiter Exchange and its founder took X (formerly known as Twitter) to reveal the next steps for the Solana-based project. Jupiter: Let’s Go! Hello space catdets! Over the last few months, we built a robust community of catdets with a common vision,…

Crypto Exchange CEO Sentenced to Seven Years in Prison for Swindling Millions From Customers: Report

boss

South Korean authorities have reportedly convicted two top executives of the crypto exchange Bitsonic. According to local news agency Newsis, the Seoul Eastern District Court sentenced Bitsonic CEO Jinwook Shin to seven years in prison during his first trial on charges that accused him of defrauding users of the exchange. Shin is said to have manipulated the price of Bitsonic’s native token from January 2019 to May 2021 and set up a paper company to inflate the sales and operating profit of the platform. The report says the exchange recruited…

Bitcoin Price Soars, Smashing Through $45,000 On The Back Of Two Key Factors

boss

In the past 14 days, the Bitcoin price has displayed a significant uptrend of 14.5%, signaling a resurgence in bullish sentiment. This rally comes as Bitcoin spot exchange-traded funds (ETFs) have been trading for nearly a month, with the market already factoring in this development. As a result, Bitcoin is back on its natural course, gaining momentum ahead of the scheduled halving in April. Currently, Bitcoin has not only regained its bullish momentum after a brief dip to the $38,500 level but has also surpassed the $45,300 mark. It now…