Author: Dren.H

U.S. Rep. Hill criticizes Warren’s crypto bill as ineffective in stopping terrorist financing. In a critique of Senator Elizabeth Warren’s proposed bill aimed at the crypto sector, U.S. Representative French Hill has voiced concerns that the bill may fall short in curtailing terrorist financing through digital assets. As the chair of the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, Hill emphasized the challenges in enforcing the new regulations proposed by Warren’s Digital Asset Anti-Money Laundering Act. This legislation seeks to extend the Bank Secrecy Act to encompass crypto miners and validators, a move aimed at mitigating…

Five US Bitcoin ETFs surpass $1 billion in assets amid intense market competition and significant investor interest, with BITB ETF as the latest addition. A fifth US-based spot Bitcoin Exchange-Traded Fund (ETF) has joined the prestigious club of funds managing over $1 billion in assets. This milestone showcases the growing investor appetite for digital currency assets amidst a competitive market landscape. Bitwise Asset Management’s Bitcoin ETF (BITB) has marked this achievement, signaling a broader acceptance and increasing trust in cryptocurrency as a viable investment option. The cryptocurrency investment market has witnessed substantial growth, with 10 US spot bitcoin funds amassing…

Craig Wright faces intense scrutiny in a trial challenging his claim as Bitcoin’s creator, amid accusations of misrepresentation and inconsistencies. Craig Steven Wright, who claims to be Satoshi Nakamoto, the enigmatic creator of Bitcoin, recently faced intense scrutiny during his trial. The Crypto Open Patent Alliance (COPA) initiated this legal battle against Wright, aiming to challenge his assertions and mitigate his alleged threats against Bitcoin developers and users. Wright’s claims have led to various lawsuits, creating a chilling effect on the crypto community that COPA seeks to eliminate. The Intense Cross-Examination Over an exhaustive 30 hours of cross-examination, Wright faced…

Ethena launches ETH-based USDe, raises $14M, offering a yield-bearing, dollar-denominated investment alternative to traditional stablecoins. Ethena has announced the launch of its USDe, a novel synthetic dollar designed to reshape the stablecoin market. This innovative financial tool operates independently from conventional financial systems, offering a yield-bearing, dollar-denominated investment option primarily targeted at non-U.S. investors. Ethena’s initiative has recently gained significant momentum, securing a $14 million investment from a consortium of high-profile investors, including PayPal Ventures and Franklin Templeton, underlining the project’s robust backing and the industry’s confidence in its potential. Investment and Industry Support Ethena Labs’ latest funding round, drawing…

MicroStrategy S&P 500 inclusion could significantly broaden Bitcoin’s exposure in mainstream investment portfolios. MicroStrategy, the leading corporate holder of Bitcoin, is inching closer to qualifying for the prestigious S&P 500 index. This development promises to significantly broaden Bitcoin’s exposure, potentially integrating it into countless investment portfolios across the globe. Currently, MicroStrategy’s market capitalization needs an additional boost of $3.7 billion alongside fulfilling other stringent requirements to secure a position in this coveted index. The journey to the S&P 500 is no small feat. MicroStrategy has shown impressive momentum, climbing to the 535th rank among the largest public companies in the…

OpenAI’s Sora, an AI video generator, impresses despite limitations, sparking discussions on creativity and ethical use. OpenAI has introduced Sora, its novel AI-driven video generation technology, captivating social media enthusiasts with its advanced realism. Despite the excitement, OpenAI acknowledges that Sora is still in its developmental phase and not quite ready for a broad public debut. This unveiling marks OpenAI’s first venture into text-to-video AI models, receiving a warm welcome from the tech community and beyond. Sora, revealed on February 15th, is designed to transform simple text prompts into intricate videos, extend existing footage, and craft scenes from static images.…

Ethereum’s (ETH) price rises due to staking, whale purchases, and optimism for an ETF, reflecting a bullish market sentiment. Ethereum (ETH) has showcased a remarkable performance, experiencing a notable increase in its price. ETH has surged by more than 3% in the last 24 hours, pushing its value beyond the $2,800 mark. This upward trend isn’t isolated, as Ether’s price has seen a 16% boost over the past week, closely aligning with Bitcoin’s (BTC) 16.3% gain during the same timeframe. Key Factors Several key elements contribute to this bullish momentum. One major factor is the decreasing availability of Ether on…

Nigeria seeks cryptocurrency regulation to prevent financial crimes, per A&D Forensics Co-founder Adedeji Owonibi’s advocacy. In a recent development within Nigeria’s financial sector, Adedeji Owonibi, a leading figure and Co-founder at A&D Forensics, has highlighted the pressing need for stringent regulatory measures in the country’s cryptocurrency domain. A&D Forensics stands as a pioneering entity in blockchain intelligence, offering insights that are crucial for maintaining transparency and integrity within digital currency transactions. Owonibi’s remarks came to light during a specialized training event aimed at cryptocurrency compliance specialists, hosted by a notable Blockchain and Digital Forensic firm on February 9. The essence…

FTX to sell Digital Custody for $500K amid bankruptcy, reflecting asset devaluation and restructuring efforts. FTX has announced its intention to divest Digital Custody for $500,000. This decision comes as a part of FTX’s ongoing restructuring efforts under the leadership of CEO John Ray III. The move to sell Digital Custody at a significant discount marks a pivotal moment in FTX’s bankruptcy saga. Originally acquired for $10 million, the decision to sell reflects the diminished value of Digital Custody to FTX’s estate, particularly in light of FTX US’s operational hiatus. Digital Custody, acquired with the aim of bolstering custodial services…

Apple’s Vision Pro AR headset aims to mainstream the metaverse, merging digital and physical worlds seamlessly. Apple’s recent unveiling of the Vision Pro on February 2 marks a significant leap forward in spatial computing, potentially reshaping the metaverse landscape. With a history of transforming consumer technology, Apple’s latest foray into augmented reality (AR) headsets could signal the dawn of a new era where digital and physical realms merge seamlessly. Spatial Computing Unlike virtual reality (VR), which immerses users in a digital environment, the Vision Pro augments the real world with digital elements. This breakthrough device enables users to see their…