JPMorgan: Tether’s Dominance is Negative for Crypto
JPMorgan analysts have raised concerns about the growing dominance of Tether in the stablecoin market, despite the overall increase in market capitalization.
Net Inflows into Spot Bitcoin ETFs Hit $1.5B
On January 31, net inflows into spot Bitcoin ETFs reached $197 million, marking the fourth consecutive day of positive trend.
Genesis Settles Lawsuit over Earn Program with SEC
Genesis Global Holdco, a bankrupt subsidiary of the Digital Currency Group, has agreed to settle a lawsuit brought against them by the Securities and Exchange Commission that was initiated a year ago due to a lending program.
Bitfinex Securities Starts Operations in El Salvador
Bitfinex Securities has become the first licensed provider to offer digital asset services in El Salvador, making it an important market for the platform.
Hong Kong Starts Investigating Worldcoin
The Hong Kong Privacy Commissioner for Personal Data (PCPD) has opened an investigation into Worldcoin’s identity verification project in the city.
Tether’s Q4 Net Profit Reaches $2.9B
In the fourth quarter of 2023, Tether, the company behind the issuance of the stablecoin USDT, reported a record net profit of $2.9 billion.
Bitpanda Unveils an Institutional Crypto Platform
Bitpanda is responding to the increasing demand for institutional cryptocurrency services in Europe by launching a new platform.
