Bitcoin (BTC) financial services firm Fold Holdings will debut on the Nasdaq on Feb. 19, becoming the 12th crypto-native company listed on the stock exchange. According to a Feb. 18 statement, the listing will take place following the completion of its merger with FTAC Emerald Acquisition Corp. (FTAC), a special purpose acquisition company (SPAC). The…
Ben Chow, co-founder of DeFi and meme coin platform Meteora, resigned on Monday after being accused of financial misconduct and insider trading tied to the controversial LIBRA meme coin. This development came after growing concerns over his involvement in the project. Chow Denies Involvement in Controversy Meow, the pseudonymous co-founder of Jupiter, a decentralized exchange…
Weekly on-chain trading volume has decreased since mid-January, gradually falling from $173 billion to roughly $90 billion last week, according to DefiLlama data. Solana’s weekly volumes suffered the largest decrease in the period. Between Jan. 11 and 17, the trading volume registered in decentralized exchanges (DEX) reached a weekly all-time high of $173 billion. Solana…
Nigeria’s Securities and Exchange Commission (SEC) is working on a plan to tax crypto transactions as part of a broader effort to increase government revenue, Bloomberg reported on Feb. 18. According to the report, the regulatory body intends to bring eligible crypto transactions on licensed exchanges under the country’s tax framework. Meanwhile, a bill outlining the…
Bitwise donated $150,000 to support Bitcoin (BTC) open-source developers, according to a Feb. 18 announcement. The funds are equivalent to 10% of the gross profits from its spot Bitcoin exchange-traded fund (ETF), BITB, an amount pledged since the product’s inception. The first contribution will be distributed among three nonprofit organizations: Brink, OpenSats, and the Human…
Binance co-founder Changpeng Zhao (CZ) has denied speculation that the cryptocurrency exchange is up for sale. The former CEO has dismissed the claims as misinformation spread by competitors. Competitor Misinformation “Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale,” Zhao stated on February 17 in a post on X. “As a shareholder,…
A key player behind the Libra token bragged about buying access to Argentine President Javier Milei’s inner circle months before the memecoin’s scandalous launch and crash. In text messages reviewed by CoinDesk, Hayden Davis, CEO of Kelsier Ventures, claimed he could “control” Milei because of payments he had been making to Karina Milei, a powerful…
The race to launch another crypto-based exchange-traded fund in the US continues in full force and XRP has reached another milestone as Bitwise’s filing has been officially acknowledged by the SEC. The 19b-4 filing, published in the Federal Register, means that the agency’s approval process has begun, while the interested parties have 21 days to…
Reeve Collins, one of the original architects behind Tether USD (USDT), is backing a new yield-bearing stablecoin project called Pi Protocol. Collins co-founded Tether alongside Brock Pierce and Craig Sellars and served as its first CEO from 2013 to 2015. According to a Bloomberg News report, the decentralized stablecoin will launch in the second half…
The desultory price action in crypto continued on Tuesday, helping to drag bitcoin (BTC) closer to its lowest level in several months. In early afternoon trading hours, bitcoin was trading at $93,600, lower by 2% over the past 24 hours and off 10% over the past week. The broader crypto market as defined by the…