Crypto News

Crypto Twitter may sometimes seem like a raging brawl, but come Feb. 20, there will be some actual live combat between crypto influencers at Consensus Hong Kong 2025.The conference will play host that evening to the eighth edition of Crypto Fight Night (CFN), an industry sporting and networking event that’s become hugely popular since holding its first event in 2021. At the most recent CFN held in Dubai in December, popular crypto YouTuber Bitboy squared off against memecoin trader and influencer Ansem in a dramatic fight that went to the last round and ended in a draw. The bout drew a record one million live streams.Read more: Ansem: The Memecoin KingRahul Suri, one of CFN’s co-founders, said the organizers were...

Alexey Pertsev will be released from prison with an electronic monitor as he appeals his money laundering conviction related to Tornado Cash.Source link

The dominant cryptocurrency weathered weaker than normal trading volume and a downtrend in price over the past 24 hours. Bitcoin Falls Below $98K as Dominance Climbs Bitcoin (BTC) is trading at $97,102 at the time of reporting, after fluctuating between $96,174.83 and $99,168.61 over the past 24 hours, according to data from Coin Market Cap.Source link

Crypto exchange Bybit completed registration with India's Financial Intelligence Unit (FIU-IND) after agreeing to pay a 92.7 million-rupee ($1 million) fine for operating in the country without authorization.The Dubai-based company said in January it would temporarily halt its services to Indian users while it pursued the regulation process. "As part of this process, Bybit has settled the monetary fine and diligently addressed and resolved prior regulatory matters," the company said on Thursday. "We have been working diligently with the FIU-IND to address their concerns and ensure full adherence to the Prevention of Money Laundering Act ("PMLA") and associated regulations."In March 2023, India mandated that crypto companies would have to register with the FIU, which tackles anti-money laundering matters.Source link

In today’s issue, Ben Harper from Luxor Technology provides an update on what’s happening with bitcoin mining this year.Then, Colin Harper from Blockspace Media answers questions on the topic of mining and AI in Ask and Expert.– Sarah MortonYou’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.Bitcoin Mining Has Changed — It’s No Longer Just About the PriceThe bitcoin mining investment thesis used to be simple — miners thrived when bitcoin’s price soared, and when it fell, they suffered. But in 2024, that equation changed. Bitcoin ETFs, hashrate markets and AI have fundamentally reshaped the industry, reducing miners' dependence on bitcoin’s price. Here’s why mining is no...