Koinreport (2024)

01/03/2024

Bitcoin mining stocks have seen a significant decline of up to 27% over the past three trading days despite a recent rally in Bitcoin's price, nearly reaching $64,000. Analysts attribute this drop to investor caution surrounding the upcoming halving event but see it as a potential opportunity to acquire mining stocks at a discount. During this period, the two largest Bitcoin miners, Marathon Digital Holdings (MARA) and Riot Platforms (RIOT), experienced declines of 18.5% and 21.9%, respectively, according to data from Google Finance....

Bitcoin mining stocks have seen a significant decline of up to 27% over the past three trading days despite a recent rally in Bitcoin’s price, nearly reaching $64,000. Analysts attribute this drop to investor caution surrounding the upcoming halving event but see it as a potential opportunity to a...

01/03/2024

BlackRock is poised to introduce Brazil's inaugural spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust BDR (IBIT39), marking a significant milestone for the country's cryptocurrency market. Scheduled for debut on March 1 on Brazil’s primary stock exchange B3, the iShares Bitcoin Trust Brazilian Depositary Receipts (BDR) will initially target qualified investors, with plans to extend accessibility to retail investors pending regulatory approval....

BlackRock is poised to introduce Brazil’s inaugural spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust BDR (IBIT39), marking a significant milestone for the country’s cryptocurrency market. Scheduled for debut on March 1 on Brazil’s primary stock exchange B3, the iShares Bitcoi...

29/02/2024

The United States Securities and Exchange Commission (SEC) has raised concerns about Terraform Labs' payments totaling $166 million to the law firm Dentons since 2023. In a recent filing, the SEC objected to the retainer payment, arguing that Terraform Labs should not retain the firm's services during ongoing legal proceedings, according to Reuters. The SEC alleges that Terraform Labs made these substantial payments to Dentons as a retainer, suggesting that they may be aimed at avoiding future financial obligations resulting from potential judgments in the pending lawsuit....

The United States Securities and Exchange Commission (SEC) has raised concerns about Terraform Labs’ payments totaling $166 million to the law firm Dentons since 2023. In a recent filing, the SEC objected to the retainer payment, arguing that Terraform Labs should not retain the firm’s services ...

29/02/2024

President Nayib Bukele of El Salvador affirmed on Wednesday that the country currently has no intention to sell its Bitcoin (BTC) holdings. This statement follows a period of significant profit for El Salvador's Bitcoin reserves amid the recent surge in Bitcoin's price, with the cryptocurrency trading around $57,200. Bukele addressed criticisms regarding supposed losses incurred by El Salvador during periods of low Bitcoin prices....

President Nayib Bukele of El Salvador affirmed on Wednesday that the country currently has no intention to sell its Bitcoin (BTC) holdings. This statement follows a period of significant profit for El Salvador’s Bitcoin reserves amid the recent surge in Bitcoin’s price, with the cryptocurrency t...

28/02/2024

The cryptocurrency world is preparing for the much-awaited 2024 boom with multiple cryptocurrencies in the spotlight. Here’s a deep dive into detailed guidance on the top altcoins to watch and purchase for the cryptocurrency boom, based on information from official altcoin project websites and various Web3 news sources. With its scheduled March 13 release, Mantle is designed to remain compatible with the Ethereum Virtual Machine (EVM)....

The cryptocurrency world is preparing for the much-awaited 2024 boom with multiple cryptocurrencies in the spotlight. Here’s a deep dive into detailed guidance on the top altcoins to watch and purchase for the cryptocurrency boom, based on information from official altcoin project websites and var...

28/02/2024

Bitcoin has surged past the $59,000 mark amidst a notable rally in the wider cryptocurrency market. As of the latest data, BTC is trading at $59,140, marking a more than 5% increase over the past day. Over the week, the leading cryptocurrency has seen a 15% rise, and over the month, it has surged by approximately 40%. Notably, Bitcoin is currently just 14% away from its all-time high of $68,789 recorded in November 2021....

Bitcoin has surged past the $59,000 mark amidst a notable rally in the wider cryptocurrency market. As of the latest data, BTC is trading at $59,140, marking a more than 5% increase over the past day. Over the week, the leading cryptocurrency has seen a 15% rise, and over the month, it has surged by

28/02/2024

Humanity Protocol, backed by Polygon, has received strategic investments from more than 20 prominent crypto venture capital firms for its Web3 identity solution Notable investors include Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital, among others. While the total funding amount remains undisclosed, it is intended to bolster the development and deployment of Humanity Protocol's technology, which seeks to establish "Proof of Humanity" within Web3 applications....

Humanity Protocol, backed by Polygon, has received strategic investments from more than 20 prominent crypto venture capital firms for its Web3 identity solution Notable investors include Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital, among others. While the total funding am...

27/02/2024

Five U.S. senators have united to oppose the Biden administration's proposal to introduce a "digital dollar" by introducing legislation that calls for a ban on central bank digital currencies (CBDCs). Introduced on February 26 by Senators Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, the CBDC Anti-Surveillance State Act challenges the authority of the Federal Reserve to implement a CBDC....

Five U.S. senators have united to oppose the Biden administration’s proposal to introduce a “digital dollar” by introducing legislation that calls for a ban on central bank digital currencies (CBDCs). Introduced on February 26 by Senators Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike ...

27/02/2024

Do Kwon, co-founder of Terraform Labs, is expected to be absent from the beginning of his trial with the US Securities and Exchange Commission (SEC) due to delays in his extradition from Montenegro. The trial, initially scheduled to commence last month, has been rescheduled to March 25 at Kwon's request. The SEC initiated a lawsuit against Terraform Labs and its founders in February 2023, alleging their involvement in the May 2022 collapse of the TerraUSD (UST) and Luna (LUNA) cryptocurrencies, which resulted in approximately $40 billion in losses across crypto markets....

Do Kwon, co-founder of Terraform Labs, is expected to be absent from the beginning of his trial with the US Securities and Exchange Commission (SEC) due to delays in his extradition from Montenegro. The trial, initially scheduled to commence last month, has been rescheduled to March 25 at Kwon’s r...

22/02/2024

Singapore-based Web3 firm Startale Labs has announced an additional $3.5 million in funding from Samsung Next and United Overseas Bank (UOB) Venture Management, aiming to bolster its web3 product lineup and attract top industry talent. This funding, part of an extended seed round, brings Startale Labs' total seed financing to $7 million, including a previous $3.5 million investment from Sony Network Communications in September 2023....

Singapore-based Web3 firm Startale Labs has announced an additional $3.5 million in funding from Samsung Next and United Overseas Bank (UOB) Venture Management, aiming to bolster its web3 product lineup and attract top industry talent. This funding, part of an extended seed round, brings Startale La...

22/02/2024

Ethereum co-founder Vitalik Buterin has once again expressed concerns about the increasing complexity of Layer 2 scaling solutions. In a recent social media post, Buterin highlighted the potential risks associated with overly intricate Layer 2 networks and advocated for a more balanced approach to blockchain ecosystem development. Traditionally, the blockchain community has favored simplicity in Layer 1 networks to minimize the likelihood of critical bugs and security vulnerabilities....

Ethereum co-founder Vitalik Buterin has once again expressed concerns about the increasing complexity of Layer 2 scaling solutions. In a recent social media post, Buterin highlighted the potential risks associated with overly intricate Layer 2 networks and advocated for a more balanced approach to b...

21/02/2024

Worldcoin experienced a 20% price correction, dropping from a recent high near $8 to as low as $6.26, according to Crypto.com. This correction mirrors broader market trends affecting top artificial intelligence (AI) tokens, with a 4.73% decrease in the market cap of leading AI tokens over the past 24 hours, totaling a market cap of $33 billion. Among the top six AI cryptocurrencies listed, five tokens saw declines ranging from 6% to 7%, including Internet Computer (ICP), NEAR Protocol (NEAR), Injective (INJ), The Graph (GRT), and Theta Network (THETA)....

https://koinreport.com/correction-hits-worldcoin-and-leading-ai-tokens-with-20-dip/

Worldcoin experienced a 20% price correction, dropping from a recent high near $8 to as low as $6.26, according to Crypto.com. This correction mirrors broader market trends affecting top artificial intelligence (AI) tokens, with a 4.73% decrease in the market cap of leading AI tokens over the past 2...

21/02/2024

In a coordinated effort named Operation Cronos, law enforcement agencies from various countries, including the U.S. Department of Justice (DOJ) and Europol, have targeted LockBit, one of the prominent ransomware operator groups. This operation resulted in the freezing of over 200 cryptocurrency accounts associated with LockBit's activities. Europol disclosed that two LockBit actors were apprehended in Poland and Ukraine, while two more defendants, believed to be affiliates, were arrested and charged in the U.S....

In a coordinated effort named Operation Cronos, law enforcement agencies from various countries, including the U.S. Department of Justice (DOJ) and Europol, have targeted LockBit, one of the prominent ransomware operator groups. This operation resulted in the freezing of over 200 cryptocurrency acco...

20/02/2024

The European Central Bank (ECB) has addressed the concerns raised by financial institutions regarding the role of the central bank digital currency (CBDC). The ECB emphasized in its report that "a digital euro will be designed as a means of payment and not for investment." Three members of the ECB Executive Board, Piero Cipollone, Ulrich Bindseil, and Jürgen Schaaf, sought to alleviate banks' fears of disintermediation....

The European Central Bank (ECB) has addressed the concerns raised by financial institutions regarding the role of the central bank digital currency (CBDC). The ECB emphasized in its report that “a digital euro will be designed as a means of payment and not for investment.” Three members of the E...

19/02/2024

Coinbase Commerce, the payment platform for merchants, has made waves by removing support for native Bitcoin (BTC) and other UTXO (Unspent Transaction Output) coins. The decision, as explained by Lauren Dowling on X, Coinbase's head of product, stemmed from challenges in implementing recent updates on Coinbase Commerce's EVM (Ethereum Virtual Machine) payment protocol for Bitcoin. In response to this change, Coinbase Commerce has introduced a new product focusing on enforcing payment details on-chain and supporting a diverse array of assets, including native and ERC-20 tokens....

Coinbase Commerce, the payment platform for merchants, has made waves by removing support for native Bitcoin (BTC) and other UTXO (Unspent Transaction Output) coins. The decision, as explained by Lauren Dowling on X, Coinbase’s head of product, stemmed from challenges in implementing recent update...

19/02/2024

An Australian cybercrime police officer, William Wheatley, faces accusations of stealing 81.616 Bitcoin during a steroid trafficking investigation in Melbourne. According to court documents, Wheatley allegedly appropriated a Trezor hardware wallet containing the Bitcoins, valued at approximately $450,000 at the time. He also faces two additional charges related to handling property suspected to be the proceeds of crime and using information for personal gain....

An Australian cybercrime police officer, William Wheatley, faces accusations of stealing 81.616 Bitcoin during a steroid trafficking investigation in Melbourne. According to court documents, Wheatley allegedly appropriated a Trezor hardware wallet containing the Bitcoins, valued at approximately $45...

16/02/2024

Spot Bitcoin ETFs may soon undergo a transformation, according to Mauricio Di Bartolomeo, co-founder and Chief Strategy Officer at Ledn. He foresees a shift towards more diversified ETFs incorporating a broader range of crypto assets within a single investment vehicle in the near future. In an interview with Cryptonews, Bartolomeo highlighted the regulatory path for ETFs, which could legitimize crypto in the eyes of traditional institutions....

Spot Bitcoin ETFs may soon undergo a transformation, according to Mauricio Di Bartolomeo, co-founder and Chief Strategy Officer at Ledn. He foresees a shift towards more diversified ETFs incorporating a broader range of crypto assets within a single investment vehicle in the near future. In an inter...

16/02/2024

ARK Invest, led by prominent Bitcoin advocate Cathie Wood, has sold a significant portion of its Coinbase stock ahead of the exchange's strong earnings report. According to a filing on Thursday, ARK Invest divested $34.3 million worth of Coinbase shares from three of its funds: ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF), and ARK Next Generation Internet ETF (ARKW)....

ARK Invest, led by prominent Bitcoin advocate Cathie Wood, has sold a significant portion of its Coinbase stock ahead of the exchange’s strong earnings report. According to a filing on Thursday, ARK Invest divested $34.3 million worth of Coinbase shares from three of its funds: ARK Innovation ETF ...

15/02/2024

Citi has joined the ranks of financial firms experimenting with bringing real-world assets onto distributed ledger technology networks, discovering significant advantages over traditional models in the process. According to a report by the company, tokenization presents opportunities to unlock value in traditional markets, opening doors to new use cases and digital distribution channels. It also enables greater automation, standardization of data rails, and improved operating models facilitated by digital identity and smart contracts....

Citi has joined the ranks of financial firms experimenting with bringing real-world assets onto distributed ledger technology networks, discovering significant advantages over traditional models in the process. According to a report by the company, tokenization presents opportunities to unlock value...

15/02/2024

Russia's central bank continues to oppose cryptocurrencies as a means of payment, but recent indications suggest a potential shift in its stance regarding crypto investments. Olga Polyakova, the deputy governor of the central bank, reaffirmed the institution's position against cryptocurrencies as legal tender in Russia while hinting at a possible reconsideration of its stance on crypto investments. Polyakova, speaking at a forum, emphasized that cryptocurrencies are not recognized as legal tender within Russia's borders....

Russia’s central bank continues to oppose cryptocurrencies as a means of payment, but recent indications suggest a potential shift in its stance regarding crypto investments. Olga Polyakova, the deputy governor of the central bank, reaffirmed the institution’s position against cryptocurrencies a...

13/02/2024

In an interview with CNBC, Michael Saylor, the executive chairman and co-founder of MicroStrategy, discussed the burgeoning demand for Bitcoin exchange-traded funds (ETFs), estimating a backlog of interest spanning over a decade. Saylor remarked, "There’s 10 years of pent-up demand people been waiting for these ETFs and finally, mainstream investors are able to access Bitcoin and I think that’s what’s driving the surge of capital in the asset class."...

In an interview with CNBC, Michael Saylor, the executive chairman and co-founder of MicroStrategy, discussed the burgeoning demand for Bitcoin exchange-traded funds (ETFs), estimating a backlog of interest spanning over a decade. Saylor remarked, “There’s 10 years of pent-up demand people been w...

13/02/2024

With the impending announcement of Singapore's 2024 Budget, the country's web3 community is vocalizing a crucial requirement for government assistance. As per a recent report by The Straits Times, Singaporean firms operating in the web3 sphere are specifically seeking support in two key areas: cultivating a proficient talent pool well-versed in blockchain technology and fortifying defenses against cyber threats. Demand for More Web3 Contributors in Singapore…...

With the impending announcement of Singapore’s 2024 Budget, the country’s web3 community is vocalizing a crucial requirement for government assistance. As per a recent report by The Straits Times, Singaporean firms operating in the web3 sphere are specifically seeking support in two key areas: c...

12/02/2024

In a bid to enhance oversight in the virtual asset market, South Korea is gearing up to conduct virtual asset exchange inspections later this year, with the aim of ousting ineligible platforms. Authorities are considering implementing an advanced suspension system for suspicious transactions to swiftly prevent the concealment of illicit funds at all stages of the investigation process. According to reports from Yonhap News, …...

In a bid to enhance oversight in the virtual asset market, South Korea is gearing up to conduct virtual asset exchange inspections later this year, with the aim of ousting ineligible platforms. Authorities are considering implementing an advanced suspension system for suspicious transactions to swif...

12/02/2024

A recent legal case brought by the Australian Securities and Investments Commission (ASIC) against Block Earner has resulted in a split decision by Justice Ian McNeil Jackman. While allegations related to Block Earner's DeFi "Access" service were dismissed, the court ruled that the company had engaged in unlicensed financial services with its crypto-backed Earner product. ASIC's lawsuit, filed in November 2022, accused Block Earner of providing unlicensed fixed-yield earning products based on crypto assets....

A recent legal case brought by the Australian Securities and Investments Commission (ASIC) against Block Earner has resulted in a split decision by Justice Ian McNeil Jackman. While allegations related to Block Earner’s DeFi “Access” service were dismissed, the court ruled that the company had...

09/02/2024

Arthur Hayes, co-founder of BitMEX and former CEO turned Maelstrom chief investment officer, has put forth a compelling argument for the adoption of a "points" program over traditional methods like initial coin offerings (ICOs) and yield farming in the realm of crypto fundraising and engagement. In his recent blog post titled "Points Guard," published on February 9, Hayes outlines the challenges posed by ICOs and yield farming despite their apparent benefits....

Arthur Hayes, co-founder of BitMEX and former CEO turned Maelstrom chief investment officer, has put forth a compelling argument for the adoption of a “points” program over traditional methods like initial coin offerings (ICOs) and yield farming in the realm of crypto fundraising and engagement....

09/02/2024

Analyst Eric Balchunas from Bloomberg has highlighted the exceptional debut of BlackRock and Fidelity's IBIT and FBTC spot Bitcoin ETFs, approved by the U.S. Securities and Exchange Commission (SEC) on Jan. 10, 2024, as the best-performing ETF launch in the last three decades. During their first month of trading, these ETFs attracted more assets than any other exchange-traded fund in the United States....

Analyst Eric Balchunas from Bloomberg has highlighted the exceptional debut of BlackRock and Fidelity’s IBIT and FBTC spot Bitcoin ETFs, approved by the U.S. Securities and Exchange Commission (SEC) on Jan. 10, 2024, as the best-performing ETF launch in the last three decades. During their first m...

08/02/2024

A former executive of Hydrogen Technology Corp, Shane Hampton, has been convicted by a Florida federal jury for his involvement in a conspiracy to manipulate the price of the company's native cryptocurrency token, Hydro. Hampton's scheme allegedly lasted for several months and aimed to artificially inflate the value of Hydro's token. The company had previously faced legal issues with the US securities regulator, resulting in a $2.8 million settlement in April 2023....

A former executive of Hydrogen Technology Corp, Shane Hampton, has been convicted by a Florida federal jury for his involvement in a conspiracy to manipulate the price of the company’s native cryptocurrency token, Hydro. Hampton’s scheme allegedly lasted for several months and aimed to artificia...

08/02/2024

Abu Dhabi Global Market (ADGM) and Solana Foundation have announced a partnership to explore blockchain ecosystem development, aiming to enhance Distributed Ledger Technology solutions and foster blockchain innovation. Hamad Al Mazrouei, CEO of ADGM Registration Authority, expressed excitement about the collaboration, emphasizing the importance of regulation and compliance in promoting robust blockchain development. Lily Liu, president of the Solana Foundation, shared optimism about ADGM's progressive regulatory approach, following discussions with ADGlobalMarket leadership....

Abu Dhabi Global Market (ADGM) and Solana Foundation have announced a partnership to explore blockchain ecosystem development, aiming to enhance Distributed Ledger Technology solutions and foster blockchain innovation. Hamad Al Mazrouei, CEO of ADGM Registration Authority, expressed excitement about...

07/02/2024

Investments in Canadian fintechs may have slowed down in 2023, but crypto and blockchain-related ventures continued to dominate the scene, according to KPMG's global Pulse of Fintech report published on Tuesday. The report revealed that VC-backed investments constituted over three-quarters of all deals, with 83 transactions valued at $711 million. Of these, more than two-thirds were early-stage or seed investments....

Investments in Canadian fintechs may have slowed down in 2023, but crypto and blockchain-related ventures continued to dominate the scene, according to KPMG’s global Pulse of Fintech report published on Tuesday. The report revealed that VC-backed investments constituted over three-quarters of all ...

07/02/2024

Japan's Financial Services Agency (FSA) is taking steps to support the growth of decentralized autonomous organizations (DAOs) and provide clarity on their legal framework. In a proposed amendment to the Financial Instruments and Exchange Act, the FSA aims to define the legal nature, operational rules, member responsibilities, ownership, and tax relationships of DAOs. This amendment, titled the "Cabinet Office Ordinance (Draft) Amending Part of the Cabinet Office Ordinance Concerning the Definitions Provided in Article 2 of the Financial Instruments and Exchange Act," seeks to treat a specific token, the "Limited Company Type DAO Employee Rights Token," similarly to regular limited liability company (LLC) member rights....

Japan’s Financial Services Agency (FSA) is taking steps to support the growth of decentralized autonomous organizations (DAOs) and provide clarity on their legal framework. In a proposed amendment to the Financial Instruments and Exchange Act, the FSA aims to define the legal nature, operational r...

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