Thirty-two-year-old Ho Kai Xin pleaded guilty to stealing $5.7 million worth of cryptocurrencies from the Bybit crypto exchange. For this fraud, she will face 9 years and 11 months of jail imprisonment. Summary Ho Kai Xin was found guilty of stealing $5.7 million from the Bybit exchange. Ho labelled these transactions as a company payment. […]
The Bitcoinik.com team’s findings suggest that people should not now wait for more bull sentiments in the crypto market because this phase of the crypto bull run has changed dramatically, where every big player is playing his own game. Summary Bitcoin is likely to face a downfall in the short term, with chances to hit […]
The Binance team planned to support the listing of $PI tokens by considering the crypto investors’ demand. Summary Binance crypto exchange invited people to vote for listing $PI token. Vote percentage in favour of listing doesn’t guarantee the listing of the token on the exchange. Binance users will be required to have a minimum $5 […]
Summary Some Argentine lawyers filed a lawsuit against the country’s president over his involvement in crypto meme token scam. Melania token 3% unlock date coming on 19/20 Feb. The X (formerly Twitter) account of ai16z founder Shaw was hacked. Rumours around Binance crypto exchange sale. Bitcoin dominance hits 60%, a record all-time high over the […]
The Argentine president distanced himself from the Libra token & said that he was not aware of the vision of the Libra token project team. The insiders successfully cashed out more than $100 million for this token. Summary The Argentine president announced his support for the Libra token, but hours later, he refused to support […]
Tether Helps Us Regulators FOX Business reporter Eleanor Terrett reported that top stablecoin issuer firm Tether has been working with the US regulators to create more systematic rules & laws for the regulation of fiat-pegged stablecoins. Also, reportedly, Tether CEO Paolo Ardoino said that his team is engaged with the lawmakers to advance the relevant […]
The American securities regulatory body SEC formally accepted Grayscale’s Dogecoin & XRP spot ETF applications. Summary The US SEC formally accepted the XRP & DOGE ETF application In the Next 240 days, the SEC will give its final verdict The regulatory body may accept more new similar applications On 14 Feb 2025, The United States […]
Amid the wave of listing of PI tokens, the Bybit crypto exchange openly announced its decision to block access to the Bybit exchange for this token because of its past controversy. $PI Token Introduction The pi network ($PI token) is a cryptocurrency project that was launched in 2019 by a team of two Stanford graduates. […]
The latest development around Solana spot ETF applications on the table of the American securities regulatory body hints that multiple Sol spot ETFs are ready to enter the stock market. Solana Introduction Solana is a top-ranked Proof-of-stake (PoS) Cryptocurrency known for its highly scalable blockchain network, which can process up to 70k transactions per second […]
Key Points US Inflation Surge – US CPI jumped 0.5% in January, exceeding forecasts, with core CPI hitting 3.3% YoY, raising concerns about persistent inflation. Bitcoin & Ethereum Drop – Bitcoin fell from $97,173 to $94,200, while Ethereum lost $99, contributing to market downturns. Market Reaction – US stock indices dropped 1%, and 10-year Treasury […]
Clifton M. Caviness
