Bitcoin breaks $21,000 alongside $255m of 24-hour spot purchases

Bitcoin has broken $21,000. According to Coingecko data, BTC was valued at $21,083 at 12:59 a.m. UTC on Jan. 14. Its market cap was $403 billion. That change represents a 12% increase... Read more »

Former Celsius CEO sued for allegedly defrauding customers

New York attorney General Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius Network LLC. James said that Mashinsky violated the Martin Act and New York’s... Read more »

BitConnect victims will receive $17 million: DOJ

BitConnect victims will receive $17 million in restitution money, according to an announcement from the U.S. Department of Justice (DOJ) on Jan. 12. That statement indicates that a federal court in San... Read more »

SBF reveals his side of the FTX story, blames CZ, targeted attack against FTX

Former FTX CEO Sam Bankman-Fried (SBF) launched a Substack report in which he detailed his version of accounts of what happened at FTX. SBF claimed that “no funds were stolen” and attributed... Read more »

El Salvador approves Bitcoin bond by passing bill

El Salvador has passed a bill that will allow the country to sell bonds backed by Bitcoin, according to a report from Bloomberg on Jan. 11. The country’s Congress approved the bill... Read more »

GMX daily fees soar over 1100% to $2.11M

GMX  — the native token of the decentralized exchange (DEX) GMX — daily fees hit $2.11 million on Jan. 9 on the back of margin trading volume on Avalanche and Arbitrum. The... Read more »

Binance reportedly didn’t follow procedures for BUSD reserves in 2020, 2021

Binance failed to follow its procedures for BUSD reserves between 2020 and 2021 since it didn’t keep enough reserves to support its BUSD stablecoin, according to a report by Bloomberg. The mismanagement... Read more »

Flare crashes 83% following two-year delayed airdrop

The long-awaited Flare (FLR) token airdrop took place at 23:59 UTC on Jan. 9, leading to a severe 83% drawdown over the last 24 hours. FLR began trading in Jan. 2021, managing... Read more »

Bankrupt miner Core Scientific Bitcoin production rose 5% in December

Bankrupt Bitcoin (BTC) miner Core Scientific saw its production rise by over 5% in December to 1,435 BTC from 1,356 BTC recorded in November, according to a Jan. 9 press statement. During... Read more »

Hong Kong set to enforce crypto regulation from June

Hong Kong’s Financial Secretary Paul Chan said that the government has completed its crypto regulation framework, which will come into effect in June 2023. Speaking at the POW’ER Web3 Summit on Jan.... Read more »