Marathon Digital Holdings, Inc. released unaudited information on Bitcoin production and miner installation updates for January 2024. 1,084 BTC were produced in January, a 42% decrease from December of last year.
#BTC!

After leaving the US market for three years, Ripple Payments plans to launch a solution specifically for the US market. Ripple's product marketing director, W. Oliver Segovia, posted on LinkedIn that Ripple will launch a series of product updates, which involve money transfer licenses (MTL) for most states in the United States. It is reported that currently about 90% of Ripple's business is overseas, and this update marks its plan to return to the US market.
#BTC!

According to CryptoSlam data, the total sales of NFTs on the ImmutableX layer 2 expansion network of Ethereum has exceeded $600 million, reaching $602,398,769 at the time of writing. The total number of on-chain transactions is approximately 17.088 million, with nearly 170,000 independent buyers and over 182,000 independent sellers. Historical data shows that the total sales of NFTs on the ImmutableX chain exceeded $500 million in mid-last month, meaning that it has grown by more than 20% in less than a month.
#BTC!

CertiK posted on X platform stating that an old hacker (frontrun-bot) has launched another attack. The vulnerability occurred because the parameters of the proxy contract were not controlled, leading to the possibility of any DELEGATECALL. Currently, the victim has suffered a loss of approximately 11,400 USDC.
#BTC!

According to ChainAegis monitoring, the DOGWIFHAT token on the BNB Chain is suspected of experiencing a Rug Pull, and the price of the token has now fallen by 100%.
#BTC!

Tokenized trading project Neutral and German brokerage DLT Finance have partnered to establish a blockchain-based carbon credit exchange. This is the first project approved by the German financial regulatory authority BaFin.Neutral's CEO stated that they provide technical support while DLT Finance provides regulatory support. The exchange will provide liquidity for traditional traders, making it as easy to handle as other commodity trades.
#BTC!

Bithumb issued an announcement stating that it plans to suspend virtual asset deposit and withdrawal services (involving PC/mobile web, APP, API, etc.) during the internal system upgrade from 00:30 to 07:00 on Thursday, February 8, 2024 (total of 6 hours and 30 minutes).
#BTC!

On September 28th, financial technology company NAKA launched a payment solution and a self-hosted payment card that are both based entirely on smart contracts and comply with the EMV (Europay, Mastercard, and Visa) standard.
NAKA's new payment solution and self-hosted payment card will undergo initial testing in Switzerland and El Salvador, both of which have developed POS terminal infrastructure and accept Bitcoin payments, making them ideal for evaluating NAKA's new products.
#BTC!

X2Y2 Pro, a multi-chain NFT aggregator, has partnered with Oasys, a leading platform for blockchain gaming. The partnership will integrate X2Y2 Pro with Oasys' EVM-compatible blockchain, with a focus on their Geso, DM2, and HOME Verses. This will benefit both gamers and developers, providing new ways to trade and lend NFTs and creating smoother experiences and more immersive ecosystems. The Geso, DM2, and HOME Verses are already home to multiple web3 titles, including SEGA's upcoming TCG "Sangokushi Taisen: Battle of Three Kingdoms".
#BTC!

New York Attorney General Letitia James has expanded the state's lawsuit against Digital Currency Group and tripled the estimated size of alleged fraud to more than $3 billion.
After a continued investigation, James said the office became aware that more investors were defrauded, leading to an additional $2 billion in assets that were lost, according to a statement released on Friday. The lawsuit hinges on a crypto lending program called Gemini Earn.
"While the initial suit focused largely on the losses of retail investors participating in the Gemini Earn investment program, as more complaints have been made, it became clear that the complicated nature of the fraud also swindled other investors who contributed their money directly to DCG’s affiliate Genesis," the NYAG said.
The NYAG sued Gemini, Genesis and its parent company DCG in October over the Gemini crypto lending program. At the time, James said the three entities defrauded more than 29,000 New Yorkers of more than $1 billion. James also said DCG and Genesis "disguised $1.1 billion in losses through a months-long campaign of misstatements, omissions, and concealment."
The NYAG has now found that the companies defrauded more than 230,000 investors out of more than $3 billion, according to the new amended complaint.
“After months of false promises, we pulled the curtain back and revealed that DCG was lying to investors and defrauding them out of billions,” Attorney General James said in a statement. “The fraud and deceit were so expansive that many additional people have come forward to report similar harm.
DCG did not respond to a request for comment.
THE SCOOP
Keep up with the latest news, trends, charts and views on crypto and
DeFi with a new biweekly newsletter from The Block's Frank Chaparro
Settlements
This comes after Genesis Global Holdco, which filed for bankruptcy protection in January 2022, said it reached a settlement with the NYAG in a court filing on Thursday. DCG is the parent company of that firm.
"After months of hard-fought negotiation, the Debtors and NYAG have reached a resolution of the NY Action," Genesis said in a document filed in the U.S. Bankruptcy Court for the Southern District of New York. A judge would still have to approve that settlement.
Last week, Genesis Global Holdco settled a lawsuit brought by the Securities and Exchange Commission and agreed to pay $21 million.
The SEC said the Gemini Earn program was an unregistered securities offering where they were able to raise "billions of dollars'" worth of crypto from thousands of investors. The SEC said Genesis lacked enough liquid assets to meet withdrawal costs a year into the program leaving investors dry, among other allegations. New York's James said Genesis hid $1.1 billion in losses.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
#BTC!

The Hong Kong Securities and Futures Commission and the police warned the public today to beware of suspected fraudulent activities involving an entity that claims to be a virtual asset trading platform. The entity operates under the name "MEXC". MEXC is suspected of using the guise of providing free investment advice to lure victims into joining social media or instant messaging chat groups. In these chat groups, victims interested in purchasing cryptocurrencies are recommended to the website operated by MEXC. Victims are asked to deposit funds into a designated bank account for investment purposes, but later encounter difficulties in withdrawing funds. The Hong Kong Securities and Futures Commission listed MEXC and its website on the list of suspicious virtual asset trading platforms on February 9, 2024.
#BTC!

According to Arkham data on February 8th, Grayscale transferred 1500.6 BTC worth approximately $67.7 million to the Coinbase Prime Deposit address 20 minutes ago. They also transferred 2276.6 BTC to a new address, which may be a new custody address for Grayscale.
#BTC!

Merlin Chain announced on the X platform that it has launched a staking function.
#BTC!

On February 17th, Estes, co-head of the General Crimes Bureau in the southern district of New York, stated that due to the rise of cryptocurrency assets, the amount of losses in the FTX case will cause intense controversy during sentencing. If all clients and creditors are compensated, the defense may argue for a significant reduction in the amount of losses, even to $0.According to relevant US laws, for cases of fraud that cause lower losses, the recommended sentencing range is 24-30 months. Therefore, SBF may receive a lenient sentence in next month's ruling.
#BTC!

According to CoinGecko data, the total cryptocurrency market value has reached 2.04 trillion US dollars, with a 24-hour increase of 0.9%. In addition, BTC's market share has risen to 49.6%.
#BTC!