Backpack, a centralized cryptocurrency exchange (CEX) founded by former Alameda Research and FTX employees, has acquired FTX EU, the former European arm of the defunct FTX exchange.The acquisition was approved by the FTX bankruptcy court and the Cypr
Bitcoin price is up 2.3% on Jan. 8, establishing a new three-week high of around $102,760.Data from Cointelegraph Markets Pro and Coinbase shows that the BTC price rose from a low of $91,315 on Dec. 30, rising as much as 11.8% to trade at $101,942 a
The United States Federal Reserve’s Michael Barr is set to resign as vice chair for supervision — marking the latest exit by a US official apparently linked to “Operation Chokepoint 2.0” — a purportedly concerted federal effort to debank crypto compa
Canadian Prime Minister Justin Trudeau has announced he will step back as his political party’s leader and resign as prime minister once officials choose a successor. In a Jan. 6 press conference, Trudeau said Canada’s Liberal Party would select the
Brendan Greene, the creator of the online battle royale shooter PlayerUnkown’s Battlegrounds (PUBG) — who left the game’s development team in 2019 — has unveiled his plans to create a new generation of a gameplay-focused metaverse called “Artemis” —
Ethereum co-founder Vitalik Buterin says a temporary “pause” to worldwide available compute could be a way to “buy more time for humanity” in case of a possibly harmful form of AI superintelligence.In a Jan. 5 blog post following up his November 2023
Pudgy Penguins’ native token, PENGU, climbed 13% on Jan. 5, emerging as one of the top performers in the crypto market.At the time of publication, PENGU was trading at $0.040, marking a 250% surge since its launch on Dec. 17. Initially debuting with
Update (Jan 3, 2:20 am UTC): This article has been updated to reflect that Stuart Hoegner’s retirement is a separate event from the implementation of MiCA. Stuart Hoegner, General Counsel of Tether and Bitfinex, has retired from his role as the legal
Less than a month before a new United States presidential administration and Congress are set to be sworn into office, many figures in the digital asset industry are speculating the change in leadership could lead to more favorable regulations and la
Today, in crypto, the community behind the memecoin Floki has allocated a portion of its funds to provide liquidity for its upcoming Exchange-Traded Product (ETP). Meanwhile, in the United Kingdom, illegal cryptocurrency advertisements continue to th
Bitcoin has struggled to maintain prices above $95,000 since Dec. 28, but demand for leveraged positions has been on the decline. During this period, bulls faced $470 million in liquidations, while bears showed reduced appetite, especially as Bitcoi
The Bank of England’s regulatory arm has requested that businesses disclose any current or future exposure to crypto by next March so it can monitor stability and help shape policy. In a Dec. 12 statement, the Prudential Regulation Authority (PRA) as
Decentralized identity explained Decentralized identity refers to a system of identity management that is not controlled by any central authority such as governments, corporations or identity providers. Traditional identity systems often involve in
The Bank of England’s regulatory arm has requested that businesses disclose any current or future exposure to crypto by March next year so it can monitor stability and help shape policy. In a Dec. 12 statement, the Prudential Regulation Authority (PR
President-elect Donald Trump has tapped pro-crypto businessman and former Securities and Exchange Commissioner Paul Atkins as the next chair of the regulatory agency under his administration, fulfilling his promise to replace current chair Gary Gensl
Crypto-friendly Arkansas Representative French Hill, currently the chair of a digital asset subcommittee, will take over leadership of the United States House Financial Services Committee in next year’s new Congress.“I am humbled that my colleagues h
Big Tech companies like Amazon have a large amount of cash on hand — $87 billion last year — which loses purchasing power as the currency evaluates. Washington DC-based think tank The National Center for Public Policy Research (NCPPR) has submitted s
Layer-1 blockchain Avalanche announced the closure of a $250 million private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital on Dec. 12. More than 40 companies joined the token sale including SkyBridge, SCB Limited, Hivemind, B
A Californian court has ordered five individuals involved in IcomTech’s “Ponzi” scheme to pay over $5 million for fraud and misappropriating stolen funds through a fake Bitcoin trading scheme. The default judgment order found David Carmona, Juan Arel
OpenAI has issued an apology to its 200 million active user base as ChatGPT experienced a network outage shortly after the AI chatbot was integrated into Apple’s latest software update.“We’re experiencing an outage right now. We have identified the i