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Coinbase was sued by the SEC in June 2023 which alleged that Coinbase was never registered as a broker, national securities exchange, or clearing agency, while also alleging the crypto platform evaded disclosure requirements.

Miners’ non-core business lines, such as chipmaking and servicing artificial intelligence models, are taking center stage after the halving eroded Bitcoin mining revenues.

Bitdeer said the market for specialized hardware known as ASIC chips totals $4 billion–$5 billion.

Neuner is expecting a much tamer cycle and much more protracted ones later. In his view, the four-year cryptocurrency cycle is dead. “I think the reason is because the rate of emission now is so small relative to the market capital of Bitcoin. And it’s, like, not really significant in the big scheme of things.”

FTX Digital Markets, the Bahamian unit of the collapsed cryptocurrency exchange FTX, is set to repay the first group of creditors on Feb. 18 in a significant development for the crypto industry following the exchange’s almost $9 billion collapse.

A judge will be assigned to the case, or it will be referred to a prosecutor for further investigation on Feb. 17, according to the Associated Press report.

The Monetary Authority of Singapore (MAS) issued 13 Major Payment Institution Licenses for crypto exchanges in 2024, more than twice as many as in 2023, according to local media reports.

Nigeria has been a leader in crypto adoption. According to Consensys’ 2024 Perception Survey, 84% of respondents in Nigeria said they owned a crypto wallet. In its Geography of Cryptocurrency Report published in October 2024, Chainalysis ranked the country No. 2 overall in global crypto adoption, highlighting the country’s appetite for decentralized finance.

In a key moment for the crypto industry’s recovery, FTX’s Bahamas wing will honor the first batch of repayments for users who are owed less than $50,000 worth of claims.

Today in crypto, FTX is set to begin repaying $1.2 billion to creditors, marking a key step in the exchange’s bankruptcy proceedings, Argentine President Javier Milei made his first public statement since the disastrous Libra memecoin launch to deny any wrongdoing on his part, and the ratio of long to short positions on SOL in futures markets is tilting bearish as memecoin losses mount.

Trump’s order created a crypto working group led by White House AI and crypto czar David Sacks to come up with a legal framework for crypto and stablecoins, along with studying the possible creation of a national crypto stockpile.

The firm claimed that “public whistleblower allegations have surfaced” that alleged the agency “systematically thwarts FOIA requests,” which it said resulted in the FDIC failing to hand over at least 150 documents related to its FOIA request.

The “Official” Saudi Arabia memecoin (KSA) was announced on Feb. 17, according to an X post by the account “SaudiLawConf,” a fake account impersonating the crown prince.

Scammers impersonating the crown prince, who is also the prime minister of Saudi Arabia, launched the token to attract capital from unsuspecting investors.

Scammers impersonating Saudi Arabia’s Crown Prince Mohammed bin Salman launched a fraudulent cryptocurrency, capitalizing on the retail frenzy around celebrity-backed memecoins.

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