Crypto News

Vitalik Buterin supports Argentina’s crypto community after the LIBRA scandal

February 21, 2025 1 min read

Vitalik Buterin strongly supports Argentina’s crypto community. He proposed that Argentina host Devconnect following the LIBRA scandal. President Javier Milei welcomed the idea, saying it was an honor for the country. Buterin’s stance on the LIBRA controversy remains unclear. Buterin praised Argentina’s crypto growth. He thinks it demonstrates how digital assets can offer true economic freedom. He is still hopeful about the country’s progress in blockchain and crypto, despite the

Over $2 billion in Bitcoin and Ethereum options set to expire

February 21, 2025 1 min read

Over $2.04 billion in Bitcoin and Ethereum options are about to expire in the crypto market. This situation raises worries about more market ups and downs. Bitcoin has key resistance levels, and Ethereum is having trouble staying stable. This uncertainty makes traders unsure about the short-term direction of cryptocurrencies. Bitcoin options contracts are worth more than $1.6 billion. Analysts see a put-to-call ratio under 1 for Bitcoin and Ethereum. This

The SEC delays key crypto lawsuits

February 21, 2025 2 mins read

The SEC is delaying major lawsuits related to cryptocurrency, possibly to buy time before dismissing them. This tactic was evident in the Coinbase case, where the SEC asked for a deadline extension. However, it has not yet formally dropped its most notable cases. Under Gary Gensler’s leadership, the SEC took legal action against several crypto firms, including Ripple and Kraken. Now, with changes in leadership, the SEC seems less aggressive.

Nigeria sues Binance for $81.5 billion

February 20, 2025 1 min read

Nigeria has filed an $81.5 billion lawsuit against Binance. The lawsuit accuses the crypto exchange of tax evasion, money laundering, and violating foreign exchange laws. It includes $2 billion in back taxes and additional penalties. Binance has not yet responded to these allegations. However, reports suggest that the company plans to contest the lawsuit. This legal battle is not new for Nigeria and Binance. In 2024, Nigeria accused Binance of

OKX exchange secures a MiCA license

February 20, 2025 2 mins read

OKX has become one of the first cryptocurrency exchanges to receive a MiCA (Markets in Crypto-Assets) license, allowing it to operate across Europe. This license enables OKX to expand its services to 28 countries in the European Economic Area (EEA), reaching over 400 million users with fully regulated offerings. With the MiCA authorization, OKX enhances its credibility in the European market. The exchange will establish its European hub in Malta,

Coinbase CEO Brian Armstrong weighs in on meme coins

February 20, 2025 2 mins read

Coinbase CEO Brian Armstrong has shared his views on the growing trend of meme coins. He likens them to early internet fads, such as animated GIFs. While he warns about illegal activities in the sector, he supports a free-market approach. This allows users to make their own investment decisions. Armstrong mentioned on X (formerly Twitter) that he does not actively invest in meme coins, aside from a few test trades.

Coinbase launches Proof of Reserves for cbBTC

February 20, 2025 1 min read

Coinbase has launched Proof of Reserves (PoR) for its cbBTC token. This initiative aims to reassure users that each cbBTC is backed 1:1 by Bitcoin. The move addresses concerns about transparency and centralized control in the crypto sector. According to the PoR data, Coinbase holds 26,525.15 BTC to back a supply of 26,461.05 cbBTC tokens. These tokens are distributed across various networks. Ethereum has the largest share with 16,080 cbBTC.

Strategy (formerly MicroStrategy) issues $2 billion in convertible notes to buy more Bitcoin

February 20, 2025 1 min read

Strategy, formerly known as MicroStrategy, is issuing $2 billion in convertible senior notes. This funding will be used to buy more Bitcoin. The company has a history of accumulating Bitcoin through stock offerings. Michael Saylor, the CEO, mentioned that the firm did not buy any Bitcoin last week. This pause interrupted their usual buying trend. However, Strategy remains dedicated to its Bitcoin strategy. Since starting to acquire Bitcoin, the company

Former Binance CEO CZ believes crypto wallets should be used for daily transactions

February 20, 2025 2 mins read

Former Binance CEO CZ believes that crypto wallets should be the main tool for daily transactions, while exchanges should cater to professional traders. He shared this opinion during a discussion with Trust Wallet CEO Eowyn Chen. CZ emphasized that wallets are evolving beyond just storage options. Even though CZ is no longer at the helm of Binance, he is still active in the crypto space through YZI Labs and the

Over $2.5 billion worth of Solana tokens to be unlocked in March

February 20, 2025 1 min read

The crypto market has shown a slight recovery. The overall market cap increased by 0.30% to $3.18 trillion. The 24-hour trading volume rose by 6% to $102 billion. However, the market sentiment remains fearful, with the fear index dropping to 37. Solana (SOL) has been facing challenges recently. Its price fell from an all-time high of $295 to around $160. After a market correction in late January, SOL dropped below

Uniswap CEO Hayden Adams claims flawed token launches are intentional

February 19, 2025 1 min read

Uniswap CEO Hayden Adams has sparked a conversation in the crypto community. He says many token launches are done on purpose, not by mistake. His comments follow the rise of controversial meme coins such as LIBRA, MELANIA, and TRUMP. These tokens face accusations of price manipulation and pump-and-dump schemes. Adams said in a post on X that flawed token launches are usually planned. He said that if a token launch

A crypto user burns $1.65M in ETH, donates $5.35M

February 19, 2025 1 min read

Hu Lezhi, a crypto user, has gained attention for burning $1.65 million in Ethereum and donating $5.35 million. His actions involved unsettling messages about mind control and suicidal thoughts, causing worry in the crypto community. A meme coin has been created to capitalize on the event’s fame. An anonymous Ethereum user, Hu Lezhi, burned 500 ETH, worth around $1.65 million. He accused his employer, Kuande Investment, of using brain-computer technology