The Ordinals hype is real with the NFT inscriptions now regularly taking over 50% of Bitcoin block space.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
SEC to target crypto firms operating as 'qualified custodians' — Report
If a majority of the five-member SEC panel votes in favor of the draft proposal, it will proceed to the next stage, which will be reviewed by other members of the SEC.
SEC to target crypto firms operating as 'qualified custodians' — Report
If a majority of the five-member SEC panel votes in favor of the draft proposal, it will proceed to the next stage, which will be reviewed by other members of the SEC.
Stablecoins not the target in BUSD crackdown: Matrixport head of research
Crypto financial services Matrixport's head of research believes the recent scrutiny of Paxos and its Binance USD (BUSD) token is not a direct attack on stablecoins themselves.
In a Feb. 14 analysis, Matrixport's Markus Thielen suggested that Paxos Trust Company, the issuer of the Binance USD (BUSD), may not have been stringent enough with its oversight of the token.
He added that the issue "does not appear to be around stablecoins" in itself.
"Paxos had violated its obligation to conduct tailored, periodic risk assessment and due diligence of Binance and Paxos-issued BUSD customers," Thielen argued.
On Feb. 13, the New York Department of Financial Services (NYDFS) ordered Paxos to halt the issuance of BUSD "as a result of several unresolved issues related to Paxos’ oversight of its relationship with Binance"
Stablecoins not the target in BUSD crackdown: Matrixport head of research
Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos.
OFAC-compliant blocks on Ethereum hits three-month low of 47%
The fall to 47% comes nearly three months after the percentage of OFAC-compliant blocks reached its peak at 79% on Nov. 21.
OFAC-compliant blocks on Ethereum hit three-month low of 47%
Back in November, the percentage of Ethereum blocks complying with orders from the Office of Foreign Asset Control peaked at 79%.
Binance withdrawals and BUSD redemptions surge post Paxos crackdown
Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that "Funds are SAFU."
Bitcoin hits record 44M non-zero addresses, thanks to Ordinals: Glassnode
Glassnode noted that this is the first time in Bitcoin history where the network has been used for purposes other than for monetary purposes.
CFTC and SEC cases against SBF deferred until after criminal trial
Damian Williams, U.S. Attorney for the Southern District of New York pushed to defer the civil cases due to a major overlap between the CFTC, SEC and DOJ’s cases.
Iris Energy to nearly triple hashrate with estimated 44,000 new BTC miners
With the tough conditions that faced Bitcoin miners last year, Iris’ co-founder said the purchase was a “significant milestone” for the company.
Paxos ‘categorically disagrees’ with the SEC that BUSD is a security
Paxos said it will engage with the US securities regulator on the matter and is prepared to "vigorously litigate if necessary."
Paxos ‘categorically disagrees’ with the SEC that BUSD is a security
67 Total views
Listen to article
News
Own this piece of history
Paxos Trust Company has released a statement noting that it "categorically disagrees" with the United States securities regulator which has painted Binance USD (BUSD) as a security.
In the Feb. 13 statement, the BUSD issuer confirmed recent reports that it had received a Wells notice from the United States Securities and Exchange Commission (SEC) over BUSD and its alleged failure to register the offering under federal securities laws.
Circle blew the whistle on Binance reserves to NYDFS: Report
The company's complaint to the New York regulator reportedly came before the SEC's lawsuit against Paxos over BUSD and NYDFS ordering the firm to "cease minting" the stablecoin.
Bakkt sunsets its consumer-facing crypto app to focus on B2B solutions
The app is expected to cease operations on March 16, 2023.
Regulation comes for crypto staking: Law Decoded, Feb. 6–13
Even the SEC Commissioner has publicly rebuked her agency over the shutdown of Kraken’s crypto staking program.
9 crypto gifts for your Valentine’s Day date
For readers looking for unique, meaningful gifts for their valentine this Valentine’s Day, consider giving a cryptocurrency-related gift. Here are nine options:
A cryptocurrency gift card
Give your significant other the gift of choice by giving them a cryptocurrency gift card. They can use it to buy food or any digital asset they want, whether that’s Bitcoin (BTC), Ether (ETH) or a stablecoin like USD Coin (USDC).
Virtual real estate
Readers can buy virtual real estate in the metaverse, such as in Decentraland or The Sandbox, as a unique, romantic gift. Their significant other can build and customize their own virtual world, and couples can explore new dimensions together.
Related: Why real estate investors are going crazy over virtual lands
NFT artwork
Surprise your loved one with a nonfungible token (NFT) artwork they can cherish forever. There are numerous talented artists creating digital art that can be purchased and collected as NFTs.
9 crypto gifts for your Valentine’s Day date
Crypto gifts not only demonstrate love but also a shared interest in the exciting world of cryptocurrency and finance.
9 crypto gifts for your Valentine’s Day date
Crypto gifts not only demonstrate love but also a shared interest in the exciting world of cryptocurrency and finance.
Price analysis 2/13: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, SOL
Bitcoin (BTC) and select altcoins are threatening to deepen their correction after reports emerged that the United States Securities and Exchange Commission (SEC) issued a Wells Notice to Paxos, alleging that the dollar-pegged Binance USD (BUSD) stablecoin is an unregistered security. Separately, Paxos has been ordered by the New York Department of Financial Services (NYDFS) to halt the issuance of BUSD.
After the crackdown on Kraken last week and now Paxos, the regulator’s actions may increase nervousness among crypto investors. FOX Business journalist Eleanor Terrett tweeted on Feb. 12 that “more Wells notices going out in the coming 2-3 weeks, I’m told.”
Daily cryptocurrency market performance. Source: Coin360Volatility may remain high in the near term as market observers await the consumer price index data to be released on Feb. 14. Interestingly, Bitcoin has made a golden cross on the daily chart and a death cross on the weekly time frame.
This suggests that the medium-term trend remains negative but the short-term trend could be signaling a turnaround. Let’s study the charts to find out the critical support and resistance levels to watch out for.
SPX
The S&P 500 index (SPX) turned down from 4,200 on Feb. 2 and has reached the 20-day exponential moving average (4,057) on Feb. 10. This is an important level for the bulls to defend if they want to keep the recovery intact.
