Solana meme coin creation platform received a cease and desist letter from US law firms. The law firm demanded to remove some tokens from their platform to impersonate their firms.

The European Central Bank (ECB) is hopeful that the recent support for dollar-pegged cryptocurrencies from U.S. President Donald Trump will speed up the legislative approval process for the digital euro. What Happened: ECB board member Piero Cipollone conveyed optimism that Trump's endorsement of globally accessible stablecoins tied to the dollar would spur the digital euro initiative, reported Reuters.

Coinpedia reports Russia is moving towards stricter regulation of cryptocurrency transactions and mining, introducing a tax framework that will take effect in January 2025. The country, which has long maintained an ambiguous stance on digital assets, is now treating cryptocurrencies as taxable property, making it mandatory for individuals and businesses to report their earnings.

Hyland said historical data has shown that altcoins take at least two months to recover after such massive liquidation events.

Kraken co-founder Jesse Powell is accusing a San Francisco co-op of denying his unit purchase on the grounds of discrimination for his ties to cryptocurrency and political leanings. According to a lawsuit filed by Powell's legal team on Feb.

Conditional payments in the digital euro could expand beyond scheduled transfers, though they do not require blockchain technology, an ECB official says.

Nowadays, it is a lot easier to buy crypto than ever. With zkp2p, you can now buy crypto like USDC and ETH on the base network using Venmo and CashApp.

Crypto donations surpassed one billion dollars in 2024, reaching a historic record driven by rising markets and a more favorable regulatory framework.

Virtune has introduced two more crypto ETPs on the Nasdaq Helsinki Stock Exchange after its mass listing of five ETPs last January.

Fraktion, a platform specializing in real-world asset (RWA) tokenization and fractionalization, has secured €1.1 million in seed funding, as reported to Finbold on February 6.

One of Europe's leading payment providers, xMoney Global, is set to launch three new MiCA-compliant stablecoins, which are expected to boost crypto liquidity in the highly regulated continent.

Former Malaysian Prime Minister Mahathir Mohamad's X account was hacked to promote a fraudulent "MALAYSIA" meme coin, which briefly surged to a $3.4 million market cap before collapsing. The post Ex-Malaysian PM Mahathir's X Account Hacked to Shill Meme Coins appeared first on Cryptonews.

Coinbase director Conor Grogan has raised speculation that crypto exchange Kraken and its CEO might have insight into the true identity of Bitcoin's (BTC) elusive creator, Satoshi Nakamoto.

A prominent Saudi economist has called for Gulf Arab states to establish a unified regulatory framework for cryptocurrencies. The post Saudi Economist Urges Gulf States to Develop Unified Crypto Payment Regulations appeared first on Cryptonews.

A JPMorgan e-trading survey has revealed that over 70% of institutional traders have no plans to trade cryptocurrencies in 2025. The post Over 70% of Institutional Traders Plan to Steer Clear of Crypto in 2025: JPMorgan Survey appeared first on Cryptonews.

Poor altcoin holders have probably sold up, or they are writing off their altcoins, putting the whole thing down to experience. As things stand, the altcoin market cap is at the cliff edge.

The Bank of Papua New Guinea has wrapped up its CBDC trial and is now considering next steps for digital payments beyond national borders.

Data recently published by Coinbase director reveals the total amount of Bitcoin owned by the mysterious Bitcoin founder Satoshi Nakamoto. That amount translated in fiat exceeds the wealth of Microsoft founder Bill Gates.

The US District Court for the Southern District of Florida has imposed fines exceeding $130 million on the founders of EmpiresX, an investment platform that allegedly promised sky-high returns but delivered deceit and financial loss. The court's ruling followed a lawsuit filed by the Commodity Futures Trading Commission (CFTC) on June 30, 2022.

Burwick and Wolf Popper claimed that Pump.fun chose not to remove meme tokens made to intimidate their clients.

Global traders, including those in crypto, should brace for volatility as tariffs and inflation take center stage in shaping market trends, according to a new survey by JPMorgan Chase.

After former President Trump's push to make the US a Bitcoin leader, countries like Russia, which once showed little interest in cryptocurrency, are now revising their laws to leverage trillion-dollar industry.

Cipollone warns that Europe must act fast to prevent financial dependence on the US

Crypto hack losses dropped to $98.19 million in January from $160 million a year earlier, despite a rise in account compromises, data reveals. Hackers had a busy start to 2025, though they stole less than last year.

The Thailand International Digital Business & Finance Center has appointed Movement Labs co-founder Rushi Manche and Dao5 founder Tekin Salimi as advisors to advance its blockchain technology.

Thailand with global tourism record is now setting its foot on digital assets following the Trump's path to use Bitcoin on a daily use.

71% of institutional investors have no plans to trade crypto in 2025, down from 78% in 2024. A recent J.P.

Conor Grogan's research hints that Kraken holds critical clues about Satoshi Nakamoto, who may control over $108 billion in BTC.

Users can now pay for gas fees with the same tokens they're swapping. This means no more scrambling to find ETH or other tokens just to cover transaction fees.

For a long time, the Securities and Exchange Commission (SEC) under Gary Gensler's leadership was the crypto industry's worst enemy. Now that pro-crypto Mark Uyeda has taken Gensler's place, crypto regulations will undergo substantial changes.

Kraken co-founder Jesse Powell has filed a lawsuit against a San Francisco luxury co-op, alleging that its board unlawfully blocked his attempt to purchase a home due to his ties to the crypto industry. The post Kraken Co-Founder Jesse Powell Sues Luxury Co-Op for Blocking Home Purchase Over Crypto Ties appeared first on Cryptonews.

Dubai, United Arab Emirates, 6th February 2025, Chainwire

The cryptocurrency market is thriving, with Bitcoin soaring to new heights and the overall market cap surpassing $3 trillion. However, despite the market's success, there is ongoing debate about the role of regulation and how it will shape next. Recently, House Financial Services Committee Chairman Rep.

According to the Reserve Bank of El Salvador, the use of crypto to make remittances to the country has consistently accounted for less than 1% of the total share since October 2024.

The Tezos-based tokenization platform Fraktion is set to push forward the concept of fractional ownership for high-value assets such as real estate and precious stones after raising $1.1 million in seed funding.

Pump.fun, a prominent platform for the creation and trading of memecoins on the Solana blockchain, has been slapped with a cease and desist letter by US law firms Burwick Law and Wolf Popper LLP. The legal notice, issued on February 5, 2025, accuses Pump.

Solana-based platform Pump.fun faces escalating legal challenges over alleged IP violations and unauthorized meme coins, while one of the contested tokens surges in value despite the controversy.

Pump.fun is facing legal trouble after receiving a cease and desist letter from Burwick Law and Wolf Popper over alleged investor fraud and IP misuse.

The U.S. SEC has hired over 50 lawyers for crypto enforcement actions.

Malaysia is the latest nation to tap blockchain for a new blockchain platform that resembles China's social credit system.

Burwick Law proposed a class action lawsuit in January alleging Pump.Fun was engaged in violating securities laws

A US court fined the Brazilian founders of EmpiresX over $130 million for operating a fraudulent crypto scheme that misled investors.

The speculation around Satoshi's identity highlights ongoing intrigue and potential market impacts, emphasizing the crypto world's opacity. The post Does Kraken know Satoshi's identity?

Popular Solana meme coin launchpad Pump.fun has been hit with a cease and desist letter from law firms who claim tokens on the platform are using their logos and names.

Institutional interest in cryptocurrency appears to be wavering, with a JPMorgan survey revealing that 71% of institutional traders have no plans to trade digital assets in 2025. While this marks a slight improvement from 78% last year, the persistent reluctance raises questions about whether crypto is losing momentum in institutional portfolios.

The Federal Deposit Insurance Corporation (FDIC) has released 790 pages of documents detailing its interactions with banks and financial institutions seeking to offer cryptocurrency services.

Are cryptocurrencies becoming popular among high-net-worth investors? Some recent developments indicate that the attitude of high-net-worth investors towards crypto has undergone a radical shift. Notably, a recent statement by TIGER 21 founder and chairman Michael Sonnenfeldt aligns well with the aforementioned assumption.