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Crypto News Daily
@cryptonewsdaily.bsky.social
Posting the latest news updates from the world of Crypto, NFTs, and Bitcoin. Posts are NOT promotion, only information
CRYPTOCURRENCY TO BECOME COMMONPLACE IN UAE IN TWO YEARS

Mohammed Al Hakim, President of Crypto.com UAE Operations, predicts that cryptocurrency will increasingly integrate into everyday life in the UAE within the next two years, reflecting a trend of rapid adoption in the financial sector. Link
February 5, 2025 at 2:45 AM
CRYPTOCURRENCY SET TO INTEGRATE INTO UAE DAILY LIFE

Mohammed Al Hakim, President of Crypto.com UAE Operations, predicts a significant rise in cryptocurrency adoption within the UAE over the next two years. This change will reflect a broader trend in the traditional financial sector. Link
February 5, 2025 at 1:45 AM
KYBERSWAP FRAUDSTER ANDEAN MEDJEDOVIC INDICTED BY U.S. OFFICIALS

Andean Medjedovic, accused of exploiting KyberSwap and Indexed Finance, has been indicted by federal authorities in New York. This indictment stems from fraud allegations tied to his actions in the cryptocurrency market. Link
February 5, 2025 at 12:17 AM
FTX TO BEGIN CREDITOR REIMBURSEMENTS ON FEBRUARY 18

FTX will initiate payouts for creditors with claims under $50,000 on February 18, 2025. Payments will be processed through BitGo and will accrue an annual interest of 9%. Link
February 4, 2025 at 11:40 PM
# RUSSIA’S ENERGY MINISTRY TO ESTABLISH CRYPTO MINING HARDWARE REGISTRY

Russia's Energy Ministry plans to create a registry for crypto mining hardware. This initiative seeks to regulate and document mining operations nationwide, thereby enhancing oversight in the sector. Link
February 4, 2025 at 11:40 PM
# ASIAN STOCKS OPEN HIGHER AMID US-CHINA TRADE DEVELOPMENTS

Asian markets are set for a higher start as traders react to US-China trade tensions and earnings from major US tech firms. China’s reopening is expected to boost trading dynamics, reflecting a more optimistic investor sentiment. Link
February 4, 2025 at 10:52 PM
PETER THIEL-BACKED CRYPTO FIRM WEIGHS IPO

Bullish Global, a cryptocurrency exchange with backing from billionaire Peter Thiel, is exploring the possibility of an initial public offering later this year, according to sources familiar with the matter. Link
February 4, 2025 at 9:28 PM
# TRUMP’S CRYPTO CZAR STUDIES US BITCOIN RESERVE FEASIBILITY

David Sacks, the crypto czar, is evaluating a national Bitcoin reserve aligned with Donald Trump’s vision for digital assets. This initiative involves administration officials working with lawmakers to develop appropriate policies. Link
February 4, 2025 at 8:58 PM
# ELON MUSK'S DOGE INITIATIVE TO REFORM GOVERNMENT

President Trump has launched the Department of Government Efficiency to downsize the federal government using DOGE, Elon Musk's cryptocurrency. Musk is spearheading initiatives from the Executive Office to enhance bureaucracy, focusing on... Link
February 4, 2025 at 8:57 PM
# TRUMP'S CRYPTO PROJECT ACQUIRES ETHEREUM POST-MARKET CRASH

World Liberty Financial, linked to Donald Trump's family, reportedly bought tens of millions in Ether following a sharp crypto market decline caused by temporary tariffs on Mexico and Canada by the U.S. president. Link
February 4, 2025 at 7:30 PM
WAZIRX REPAYMENT CHALLENGES POST HACK

WazirX faces significant repayment delays following a $234 million hack, with creditors potentially waiting until 2030 for resolution. The company explores restructuring and liquidation options, which may influence the outcomes for affected creditors. Link
February 4, 2025 at 5:56 PM
LUKE PETTIT NAMED TREASURY'S BANK POLICY LEAD

The Trump administration has appointed Luke Pettit, formerly a staffer for Senator Bill Hagerty, to a senior role at the U.S. Treasury focusing on bank policy. This appointment marks a significant shift in the direction of financial oversight. Link
February 4, 2025 at 5:31 PM
MICROSTRATEGY'S FINANCIAL GAMBITS MEET CHALLENGES

MicroStrategy Inc. has encountered its first significant hurdle in raising capital for Bitcoin acquisitions. The company's ongoing financial maneuvers, previously unimpeded, have faced unexpected complications following a new stock deal. Link
February 4, 2025 at 3:35 PM
# STABLECOIN LEGISLATION PUSHED FORWARD BY GOP

Senator Bill Hagerty will introduce legislation Tuesday to create a regulatory framework for stablecoins. This initiative reflects growing GOP support for a user-friendly crypto environment, aligning with President Donald Trump's priorities. Link
February 4, 2025 at 3:01 PM
# KASH PATEL'S $800,000 TRUMP MEDIA STOCK AWARD TRIGGERS CONFLICTS

Kash Patel, a former Trump official, received a stock award exceeding $800,000 from Truth Social's parent company. This sizable award raises concerns about potential conflicts of interest due to his previous roles in... Link
February 4, 2025 at 12:27 PM
PAYPAL REPORTS STRONG FOURTH-QUARTER EARNINGS

PayPal Holdings Inc. has exceeded Wall Street analyst estimates for its fourth-quarter earnings. The company is shifting its strategy to prioritize profitable growth moving forward, signaling a renewed focus for the fiscal year ahead. Link
February 4, 2025 at 12:27 PM
# US ETHER ETFS REACH RECORD VOLUME

US ETF investing in Ether saw record trading volumes on Monday. This spike resulted from a significant unwinding of leveraged positions, triggered by ongoing trade tensions during Trump's presidency, which is affecting market stability. Link
February 4, 2025 at 11:38 AM
# COINBASE URGES REMOVAL OF BARRIERS FOR BANKS' CRYPTO SERVICES

Coinbase Global Inc. is advocating for U.S. banking regulators to clarify rules that would allow banks to offer custody and trading services for cryptocurrencies. This initiative seeks to enhance cooperation between banks and... Link
February 4, 2025 at 11:20 AM
TRUMP SIGNS ORDER FOR US SOVEREIGN WEALTH FUND CREATION

Former President Trump has signed an executive order to establish a U.S. sovereign wealth fund. This initiative may pave the way for a strategic Bitcoin reserve, aligning with long-standing aspirations within the cryptocurrency sector. Link
February 4, 2025 at 10:26 AM
AM I THE ONLY ONE LIKE THIS?

A recent post reflects growing interest in Bitcoin's future, with expectations of its value potentially doubling or tripling in the next 5-15 years. Despite this optimism, the poster expresses hesitation about investing in the cryptocurrency market. Link
February 4, 2025 at 10:02 AM
BITCOIN SLIDES AS US-CHINA TRADE WAR ESCALATES

Bitcoin and other cryptocurrencies experienced increased selling pressure on Tuesday following the escalation of trade tensions between the US and China, as both nations imposed new tariffs on one another. Link
February 4, 2025 at 8:30 AM
CHINA IMPOSES RETALIATORY TARIFFS AGAINST U.S. IMPORTS

In response to U.S. trade measures, China's Finance Ministry has enacted tariffs on American imports. This move came just minutes after the U.S. measures took effect, marking a notable escalation in trade tensions between the two... Link
February 4, 2025 at 7:54 AM
CRYPTO.COM AND KALSHI UNDER CFTC SCRUTINY

The U.S. Commodity Futures Trading Commission (CFTC) is investigating the legality of futures contracts related to the Super Bowl offered by Crypto.com. The inquiry aims to determine potential regulatory actions regarding these contracts. Link
February 4, 2025 at 7:54 AM
WEB3 DEVELOPERS SECURE TOP-TIER SALARIES IN 2024

A recent report shows that Web3 developers are among the highest-paid in tech for 2024. Their expertise in decentralized application (dApp) development fuels the demand, underscoring the growing importance of Web3 skills in the technology... Link
February 4, 2025 at 6:41 AM
# BITCOIN AND ETHEREUM SEE SIGNIFICANT GAINS

Cryptocurrency markets rebounded on Monday, with Bitcoin surpassing $102,500 and Ethereum reaching $2,900. This surge came after fears of a U.S.-Mexico trade war eased due to a recent diplomatic resolution. Link
February 4, 2025 at 6:41 AM