Cryptocurrency News

7 February

House Republicans Unveil Draft for U.S. Stablecoin Regulations

House Republicans have introduced a discussion draft aimed at establishing a regulatory framework for stablecoins in the United States. The proposal seeks to bring clarity to the rapidly growing sector of digital assets while addressing concerns over financial stability, consumer protection, and innovation. Key Provisions of the Draft The draft outlines regulatory guidelines for issuers of stablecoins, including capital requirements, …

7 February

Solana’s DeFi & NFT Boom Fuels 213% Revenue Surge in Q4 2024 – Messari

Solana (SOL) saw an explosive 213% revenue growth in Q4 2024, driven by a surge in decentralized finance (DeFi) activity, non-fungible token (NFT) transactions, and growing institutional adoption, according to a new report from Messari. The blockchain’s continued expansion underscores its resilience and increasing dominance in the crypto ecosystem. Key Drivers of Growth DeFi Expansion – Solana’s decentralized finance sector …

7 February

Trump Media Expands: Files for ETFs and SMAs

Trump Media & Technology Group (TMTG), the company behind the conservative social media platform Truth Social, is making moves to expand its financial footprint. Recent filings reveal that TMTG is seeking approval for Exchange-Traded Funds (ETFs) and Separately Managed Accounts (SMAs), signaling a potential foray into the investment sector. What This Means for Investors By filing for ETFs and SMAs, …

6 February

Saudi Economist Calls for Unified Crypto Payment Rules Across Gulf States

A prominent Saudi economist has urged Gulf Cooperation Council (GCC) nations to develop a unified regulatory framework for cryptocurrency payments, emphasizing that a coordinated approach could accelerate the region’s financial innovation and safeguard its growing crypto market. The call for a single set of regulations comes amid increasing interest in digital assets from businesses and investors in the Middle East, …

6 February

IoTeX’s Larry Pang Appointed Co-Chair of Blockchain Association’s DePIN Working Group

In a significant move for the blockchain and decentralized networks sector, Larry Pang, the Chief Strategy Officer at IoTeX, has been appointed as the Co-Chair of the Blockchain Association’s DePIN (Decentralized Physical Infrastructure Networks) Working Group. This appointment highlights Pang’s growing influence within the blockchain space and underscores the importance of decentralized infrastructure in the future of blockchain technology. A …

6 February

Ex-Malaysian PM Mahathir’s X Account Hacked to Promote Meme Coins

In a shocking security breach, the X account of former Malaysian Prime Minister Mahathir Mohamad was hacked and used to promote meme coins. The breach has raised serious concerns about the vulnerability of high-profile social media accounts, as the hacker exploited Mahathir’s large following to spread links and advertisements for various digital tokens. Details of the Hack The hack occurred …

6 February

Kraken Co-Founder Jesse Powell Sues Luxury Co-Op Over Crypto Ban in Home Purchase

Jesse Powell, the co-founder of popular cryptocurrency exchange Kraken, is making headlines after filing a lawsuit against a luxury co-op building in New York City, alleging that the building’s management unlawfully blocked his attempt to purchase an apartment due to his ties to the cryptocurrency industry. The Dispute: Crypto Ties and Luxury Real Estate Powell, a well-known figure in the …

6 February

Swedish Crypto ETP Issuer Virtune Launches Avalanche & Cardano ETPs on Nasdaq Helsinki

In a significant move for both the Swedish crypto industry and the broader European market, Virtune, a leading crypto exchange-traded product (ETP) issuer, has officially listed Avalanche (AVAX) and Cardano (ADA) ETPs on Nasdaq Helsinki. The launch marks an important step in increasing institutional and retail access to cryptocurrencies in the Nordic region. Virtune’s Push for Greater Crypto Accessibility Virtune, …

6 February

Rep. French Hill Unveils US Strategy to Reform Crypto Regulations

In a significant move toward fostering innovation while ensuring regulatory clarity, Representative French Hill has outlined the United States’ plans to shift away from heavy-handed enforcement in the cryptocurrency sector. The announcement comes as lawmakers and industry leaders push for a more balanced approach to digital asset oversight, aiming to promote growth without stifling technological advancements. A Shift from Enforcement-First …

6 February

Solana DEX Aggregator Jupiter Hacked, Fake Meme Coins Promoted via X Account

In a concerning security breach, Jupiter, one of the leading decentralized exchange (DEX) aggregators on the Solana blockchain, has fallen victim to a hack that led to the promotion of fake meme coins through its X (formerly Twitter) account. The hack raises serious questions about security vulnerabilities in the decentralized finance (DeFi) ecosystem and the growing risks for crypto platforms …