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news-imageOctober 3, 2024

WazirX forms Committee of Creditors as 13% of users claim to 92% of funds

Indian crypto exchange WazirX will form a Committee of Creditors (COC) by October 9. It will treat all users with crypto balances at the time of the $230 million hack as contingent unsecured creditors.
Publisher: Cryptopolitan
Sentiment: Negative
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Positive
cover-imageCryptopolitan
February 14, 2025

Crypto's Coinbase posts unprecedented 130% revenue growth

Coinbase just dropped numbers that Wall Street didn't see coming. The biggest crypto exchange in the U.S. reported fourth-quarter revenue of $2.27 billion, a 130% jump from last year and well past the $1.88 billion analysts had expected, according to LSEG data.

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Positive
cover-imagePYMNTS
February 14, 2025

Coinbase: Revenue Doubled in 2024 With Crypto ‘Now Going Mainstream'

With regulatory clarity on the horizon, cryptocurrency is “now going mainstream,” Coinbase Co-Founder and CEO Brian Armstrong said Thursday (Feb. 13). Speaking during the company's quarterly earnings call, Armstrong said Coinbase aims to be the platform that helps companies that are new to crypto begin to integrate it into their operations.

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Neutral
cover-imageBenzinga
February 14, 2025

Coinbase CEO Brian Armstrong Wants Congress To Bring Clarity On Whether Tokens Are Securities Or Commodities, Wants Stablecoin Regulation To Drive Crypto Investments

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong underscored the need for comprehensive legislation regarding token classification and stablecoins to drive capital flows into the cryptocurrency market on Thursday. What Happened: During the company's fourth-quarter 2024 earnings call, Armstrong pinpointed crucial areas that require legislative attention.

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Negative
cover-imageThe Currency Analytics
February 14, 2025

Solana (SOL) Price Faces Selling Pressure, Drops Toward $190

Solana (SOL) has been experiencing considerable pressure as its price struggles to stay above $200, now declining toward the $190 range. After facing strong resistance around the $200 mark, Solana's market cap is now sitting at around $94 billion, and the recent downtrend has raised concerns about the potential for further price declines.

Positive
cover-imageTokenpost
February 14, 2025

South Korea to Allow Institutional Crypto Trading in 2025

South Koreas Financial Services Commission (FSC) will lift its long-standing ban on institutional cryptocurrency trading, aligning with global trends and rising domestic demand for blockchain ventures. In the first half of 2025, non-profits such as charities, universities, and law enforcement agencies will be permitted to sell virtual assets.

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Positive
cover-imageTokenpost
February 14, 2025

Figment Joins Blockchain Association to Shape U.S. Crypto Policy

Figment, a leading staking infrastructure provider with over $15B in staked assets, has joined the Blockchain Association, the top U.S. crypto industry trade group. This move highlights Figments commitment to influencing regulations supporting institutional crypto adoption.

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Negative
cover-imageTokenpost
February 14, 2025

Tether Faces Challenges Under Proposed U.S. Stablecoin Regulations

JPMorgan warns that Tether, issuer of USDT, may face compliance hurdles from proposed U.S. stablecoin regulations. The GENIUS Act, targeting federal oversight for stablecoins with over $10 billion market cap, and the STABLE Act, imposing stricter state-level reserve standards, could force adjustments to Tethers asset holdings.

Positive
cover-imageTokenpost
February 14, 2025

Coinbase Surges on Strong Q4 Earnings, Crypto Trading Boom

Coinbase (COIN) reported stellar fourth-quarter earnings, far surpassing Wall Street expectations as crypto trading surged amid a major bull run. The leading U.S. crypto exchange posted revenue of $2.27 billion, a 138% year-over-year increase, beating the consensus estimate of $1.84 billion and up from $1.26 billion in the previous quarter.

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Negative
cover-imageTokenpost
February 14, 2025

Hashflare Co-Founders Plead Guilty in $577M Crypto Fraud Scheme

Hashflare co-founders Sergei Potapenko and Ivan Turõgin pleaded guilty to conspiracy to commit wire fraud for operating a $577 million crypto mining Ponzi scheme. Arrested in Estonia in November 2022 and extradited to the U.S., they face up to 20 years in prison.

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Positive
cover-imageTokenpost
February 14, 2025

GameStop Eyes Bitcoin Investment, GME Shares Jump 11%

GameStop (GME) is reportedly exploring investments in alternative assets, including bitcoin (BTC) and other cryptocurrencies, according to CNBC. The news follows a social media post by GameStop CEO Ryan Cohen featuring a photo with Strategy (MSTR) founder and Executive Chairman Michael Saylor.

Neutral
cover-imageCryptopolitan
February 14, 2025

Ethereum founder responds to zkLend exploit, highlights Railgun's privacy mechanism

Ethereum co-founder Vitalik Buterin has commended privacy protocol Railgun for successfully preventing an attacker from laundering stolen funds. His response sheds light on Railgun, a privacy pool mechanism that seeks to allow financial privacy while implementing measures to curb rampant fraud.

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Negative
cover-imageThe Currency Analytics
February 14, 2025

Bitcoin Miners Face Delays and Seizures Amid Trade Tensions

Bitcoin miners in the U.S. are facing a significant obstacle: delayed shipments and the seizure of mining rigs by U.S. Customs and Border Protection (CBP). The delays are particularly affecting rigs manufactured by Bitmain, a Chinese company that dominates the global Bitcoin mining hardware market.

Negative
cover-imageThe Currency Analytics
February 14, 2025

Chainlink (LINK) Faces Key Resistance at $19

Chainlink (LINK) has faced significant challenges in February, with the cryptocurrency experiencing a sharp 25% decline this month. Following a failed breakout attempt at the $26 resistance level in late January, the altcoin is now at a crucial juncture where its price recovery is dependent on overcoming a pivotal resistance zone.

Neutral
cover-imagePYMNTS
February 14, 2025

Judge Grants Request for 60-Day Hold on SEC Lawsuit Against Binance

A federal judge reportedly granted a joint request by the Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance to put the SEC's civil lawsuit against the company on hold. The hold will last for 60 days, Reuters reported Thursday (Feb. 13).

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Positive
cover-imageNewsBTC
February 14, 2025

Dogecoin Breakout Coming? Analyst Identifies Key Price Level

In his latest technical breakdown posted on X, analyst Kevin (@Kev_Capital_TA) highlighted a pivotal threshold on Dogecoin's daily chart. According to Kevin, reclaiming the $0.28 region on a weekly close—and then showing clear follow-through—could set Dogecoin on a path toward retesting its all-time highs.

Positive
cover-imageThe Currency Analytics
February 14, 2025

Bitcoin Set to Surge as Gold Faces Major Delivery Issues

Bitcoin's role as a reliable alternative to traditional assets like gold is gaining momentum, with experts predicting a possible mass migration from gold to Bitcoin in the wake of a brewing crisis in the gold market. Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, has expressed confidence that the latest developments in the gold sector could trigger a significant shift, strengthening Bitcoin's appeal as a “hardest asset on Earth.

Positive
cover-imageBitcoin
February 14, 2025

Bank of Montreal Has Been Quietly Buying Bitcoin ETFs

The Bank of Montreal (BMO), Canada's third largest bank by asset size, quietly purchased approximately $150 million in spot bitcoin ETFs. The information came to light when the bank filed its Form 13F-HR with the U.S. Securities and Exchange Commission (SEC) on Thursday.

Positive
cover-imageCryptopolitan
February 14, 2025

Robinhood reports record-breaking $1 billion quarterly revenue

Robinhood has reported a record-high revenue for the fourth quarter, at $1.01 billion, a 37% quarterly increase. This was primarily due to a massive increase in cryptocurrency transaction fees in the current quarter, which stood at $358 million, a 491% increase from the previous quarter.

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