Crypto News

Onchain data reveals how a group of alleged insiders raked in profits after selling $10.2 million worth of the Venice token immediately after it launched. Venice Insiders Accused of Dumping Over $10M Worth of Tokens Amir Ormu, an onchain analyst with crypto marketing firm Castle Labs revealed that insiders at crypto artificial intelligence (AI) startupSource link

The United Arab Emirates Ministry of Energy and Infrastructure has partnered with Shiba Inu to implement Web3 solutions for energy, infrastructure, and other areas. Public Service Efficiency Gets a Web3 Makeover The United Arab Emirates (UAE) Ministry Energy and Infrastructure (MOEI) announced on Feb. 5 that it had partnered with Shiba Inu to advance “Web3Source link

U.S. Treasury Secretary Scott Bessent said Wednesday that the Trump administration aims to reduce borrowing costs in the economy by lowering the yield on the 10-year Treasury note."He and I are focused on the 10-year Treasury," Bessent told Fox Business when asked about plans to lower interest rates. "He is not calling for the Fed to lower interest rates," Bessent added.The 10-year yield, the so-called risk-free rate, influences most long-term loans in the economy, including mortgages and business loans. Thus, a declining 10-year yield encourages borrowing and investment, increasing risk-taking in the economy and financial markets.Thus, softening of the 10-year yield is typically seen as bullish for risk assets, including bitcoin (BTC). Trump plans to lower the yield by controlling...

Crypto exchange Bybit has been fined and blocked in India for violating anti-money laundering laws, as authorities crack down on unregistered crypto operations in the country. Bybit Hit With Penalty, Website Blocked in India Over AML Violations The Indian Ministry of Finance announced last week that the Financial Intelligence Unit-India (FIU-IND) had imposed a financialSource link

Bitcoin (BTC) has become a store of value and an instability hedge for the world's wealthiest investors, Michael Sonnenfeld, the founder of Tiger21, said during an interview on CNBC.The members of Tiger21, a network of high-net-worth investors and executives, collectively have a net worth of $200 billion. The members have allocated around 1%-3% of their wealth into crypto, Sonnenfeld said, which amounts to around $6 billion."The areas of digital currencies remain really exciting. We have some members who are all in: it's become a gold substitute," Sonnenfeld said on CNBC. "Gold is for traditionalists, bitcoin a bit new age, but they often play the same role. They are perceived as storehouses of value."BTC is up over 125% during the last...