Author: John Smith

South Korean crypto exchanges Upbit, Bithumb have agreed to compensate users with the largest payout ever following system failures caused by the martial law declaration. Upbit and Bithumb, two South Korean crypto exchanges, have agreed to compensate users for technical failures that occurred during the martial law declaration in December, Korean news agency Yonhap reports. Combined, they will pay out over 3.5 billion won (around $2.5 million) in what is being called the largest compensation in South Korea‘s crypto history. According to reports submitted to the National Assembly, Upbit is set to compensate over 3.14 billion won for 596 cases,…

Singapore-based trading firm Crypto.com has announced a new platform catering to institutional investors in the United States. Revealed on Jan. 21, the platform aims to strengthen Crypto.com’s presence in the U.S. by offering advanced solutions tailored for institutional trading. It will operate as a complementary service to the existing Crypto.com App, which caters to retail traders in the country. According to Crypto.com co-founder and CEO Kris Marszalek, the launch builds on the company’s significant investments in technological capabilities and banking infrastructure since testing an early version of the exchange in 2022. As part of its offerings, institutional traders on the…

MicroStrategy’s Bitcoin playbook gains a new player as Critical Metals announces a $500M BTC treasury allocation. On Jan. 21, Critical Metals Corp, the first Nasdaq-listed mining company to announce such a move, revealed that its Board of Directors had approved a Bitcoin (BTC) treasury strategy. The company plans to hold Bitcoin as a primary asset in its treasury, treating it as a key asset in its treasury management strategy. Critical Metals Corp just became the first Nasdaq-listed critical minerals company to make Bitcoin its primary treasury reserve asset. They already have access to $100mm to buy bitcoin and could acquire…

BlackRock’s spot Bitcoin ETF recently added 6,470 BTC to its holdings after the cryptocurrency dips slightly from its recent all-time high at $109k. On Jan. 21, data from BitcoinTreasuries shows iShares Bitcoin Trust holdings increased by 6,470 BTC (worth $682.43 million) reaching a total of 563,134 BTC (BTC). BlackRock’s IBIT Bitcoin holdings are currently valued at $59.4 billion according to current market prices. BlackRock’s IBIT has led the majority of spot Bitcoin ETFs inflows for three days in a row. On the same day it made the Bitcoin purchase, IBIT saw $661.9 million enter its fund, as previously reported by…

Shares of Canadian crypto provider Neptune surged 40% after it secured a $20 million credit facility from Sygnum Bank to buy Bitcoin. Neptune Digital Assets Corp., a public Canadian infrastructure provider, saw its shares climb 40% on over-the-counter markets after locking in a $20 million credit line from Sygnum Bank, the Swiss digital asset-focused lender. The loan, backed by Neptune’s Bitcoin (BTC) holdings, will help it expand its Bitcoin stash as well as buy other crypto-related assets, and fund strategic investments, the firm said in a Jan. 21 press release. “The loan is structured to give us ample flexibility while…

Vitalik has responded to criticism directed toward Ethereum Foundation executive director Aya Miyagotchi and centralization concerns around the future of Ethereum.  “The future of the world computer is decentralized,” said Ethereum co-founder Vitalik Buterin in a Jan. 21 X post, responding to a community member who raised concerns over centralization within the Ethereum Foundation, which recently announced changes to its leadership. The comments come amid calls from the community to promote researcher and developer Danny Ryan, whose contributions to Ethereum’s transition from proof-of-work to proof-of-stake have been widely praised. Through reforms, the foundation plans to focus on emphasizing technical expertise…

Spot Bitcoin exchange-traded funds in the United States resumed their positive inflow streak on Jan. 21, following President Donald Trump’s inauguration, with BTC holding above $105k. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $802.5 million in net inflows on Jan. 21, extending their previous inflow run to four days, during which over $3.2 billion entered the funds. The majority of inflows on Tuesday came from BlackRock’s IBIT which saw $661.9 million enter the fund and lead the highest inflows for the the third straight day. Grayscale’s mini Bitcoin Trust followed with an inflow of $136.39 million.…

Crypto influencers face backlash for amplifying a fraudulent U.S. Treasury XRP wallet, revealed to be a scam. On Jan. 22, several large influencer accounts began posting about a U.S. Treasury XRP (XRP) wallet. The story quickly snowballed as it gained traction on X through reposts. Influencers either promoted the wallet or questioned its credibility. An on-chain analysis conducted through XRPSCAN has now revealed that the wallet is based in the Philippines. https://twitter.com/RippleXrpie/status/1881812207610270097 Scam: XRPScan account summary for a verified XRP address, showing key account details including activation by Kraken, a KYC status, and a current balance of 1.199918 XRP. The purported…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. WhiteBIT TR partners with Misyon Bank to expand cryptocurrency access for European investors amid Turkey’s evolving crypto landscape. WhiteBIT TR cryptocurrency exchange has announced a strategic partnership with Turkish neobank Misyon Bank. The firms have revealed that the goal of this collaboration is to enable Misyon Bank to connect with individual investors across Europe through WhiteBIT TR.  According to the terms of the agreement between MisyonTech, the financial technology and digital asset subsidiary of Misyon Bank, and WhiteBIT TR,…

Ross Ulbricht, founder of the Silk Road darknet marketplace, has been granted a full pardon by President Trump, honoring Libertarian support during his campaign. Ross Ulbricht, the founder of Silk Road, has been fully pardoned by President Donald Trump. On Jan. 22, Trump announced the pardon on Truth Social, his own social media platform, stating that “in honor of the Libertarian Movement,” which supported his victory in the 47th U.S. presidential election, he had granted Ulbricht his freedom. Donald Trump announces the unconditional pardon of Ross Ulbricht, founder of Silk Road, citing support from the Libertarian Movement and criticism of…