Chamber of Digital Commerce files amicus brief supporting Kraken in SEC lawsuit

The Chamber of Digital Commerce filed an amicus curiae defending crypto exchange Kraken in the lawsuit initiated by the US SEC, according to Feb. 27 court filings. The Chamber explained that the... Read more »

Crypto Exchange Bitforex Suspends Withdrawals Following $56.5M Drain From Hot Wallets

Bitforex, a centralized cryptocurrency exchange, abruptly halted user withdrawals. This sudden action occurred just moments after a reported $56.5 million was removed from the platform’s hot wallets. According to online crypto investigator... Read more »

Arweave launches testnet capable of high scalability, invites community to join

Arweave released the public testnet for Arweave AO, a new blockchain network that aims to offer significant scalability improvements, and invited tech enthusiasts and community members to join on Feb. 27. The... Read more »

Crypto Exchange Kraken Shares ‘Real Story’ of SEC Lawsuit — Claims SEC Seeks ‘Boundless Authority’ Over Commerce

Cryptocurrency exchange Kraken has shared what it called “the real story” of the lawsuit against it by the U.S. Securities and Exchange Commission (SEC). Kraken also explained why it is moving to... Read more »

Bitcoin futures and options open interest soars in February

Open interest, the total number of outstanding derivative contracts that have not been settled, is an important metric for gauging market health and sentiment. An increase in open interest means new money... Read more »

Potential Reprieve for Bitcoin Miners With Upcoming Difficulty Adjustment Following Record Hike

Bitcoin miners are set for a potential reprieve in three days, with the difficulty anticipated to decrease on Feb. 29. This follows the year’s most significant difficulty escalation of 8.24%, which occurred... Read more »

Saturn secures $800,000 for Bitcoin-based decentralized exchange development

Saturn, a peer-to-peer order book built on the Bitcoin network, secured $800,000 for its seed funding round led by Sora Ventures, according to a Feb. 26 statement shared with CryptoSlate. With this... Read more »

South Africa Regulators to Unveil Document Categorizing Stablecoins as a ‘Particular Type of Crypto Asset’

In 2024, the Intergovernmental Fintech Working Group, a consortium of South African regulators that unveiled a position paper on crypto assets in 2021, is expected to “publish additions to include stablecoins as... Read more »

Riot Platforms Highlights Risks Associated With Upcoming Bitcoin Halving Event in Annual Report

In its latest annual report, Riot Platforms, the publicly-listed bitcoin mining firm, outlines several significant risks that could impact its operations, including troubles in the broader crypto economy, potential decreases in onchain... Read more »

New AI and hardware may crack the code on lost crypto

The following is a guest post from Robert Rhodin, the CEO of KeychainX. As the crypto market’s capitalization has grown, the diversity and complexity of assets also increase. This growth, supported by... Read more »