cathyme8rewgu

@cathyme8rewgu

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Another significant red flag for investors was that the token contract for the fake Saudi Arabia memecoin was launched onchain on Feb. 10, a week ahead of the announcement, on Solana-based memecoin launchpad Pump.fun.

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“Transparency is key; if they won’t show their faces, they might just be looking to run with your money,” he added.

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To stay safe amid the current wave of memecoin scams, investors need to conduct more “due diligence” about a project’s backing and its tokenomics, according to Anndy Lian, author and intergovernmental blockchain expert. He told Cointelegraph:

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In a Jan. 17 status report to a Washington, DC, federal court, History Associates said the FDIC “may have omitted additional pause letters entirely” and that it plans to update its lawsuit with new allegations.

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The US Federal Deposit Insurance Corporation has been accused of omitting more crypto-related “pause letters” it sent to banks in an ongoing Coinbase-backed Freedom of Information Act lawsuit.

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Singapore doubled the number of yearly digital asset licenses issued in 2024.

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The study ranked Hong Kong in second place, with 890 blockchain patents, 1,163 related jobs and 52 cryptocurrency exchanges.

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The study found that Singapore is home to 1,600 blockchain patents, 2,433 industry-related jobs and 81 crypto exchanges. These are stellar numbers for a country with less than 6 million inhabitants.

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As of Dec. 13, ETHE has lost over $3.5 billion total in under six months since its launch on July 23.

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Despite the billions of dollars of outflows, the total spot Bitcoin ETF market has surged, reaching over $35.5 billion in investments in under a year.

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In contrast, BlackRock's iShares Bitcoin Trust (IBIT) plays a major role in ensuring a positive balance sheet. IBIT’s total inflows stand at $35.883 billion, with the fund attracting $153.3 million daily since inception.

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The new nine — the Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, ARK 21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Franklin Bitcoin ETF, Valkyrie Bitcoin Fund, VanEck Bitcoin ETF, WisdomTree Bitcoin Fund and Grayscale Bitcoin Mini Trust ETF — have collectively brought in $20.737 billion.

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As of Dec. 16, GBTC’s total outflows amounted to $21.045 billion as the trust continues to shed millions of dollars worth of investment daily. According to data from Farside Investors, GBTC has lost a daily average of $89.9 million for the past 11 months.

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More than $21 billion has been withdrawn from the Grayscale Bitcoin Trust (GBTC) since its launch on Jan. 11, making it the only spot Bitcoin exchange-traded fund (ETF) in the United States with a negative net investment flow.

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Jean-Mark Stenger, CEO of Societe Generale-FORGE, told Cointelegraph that the partnership was crucial for making stablecoins “a core component of the global financial system.”

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The partnership will involve Bitpanda working with the conglomerate’s blockchain subsidiary, Societe Generale-Forge, to push for mainstream adoption of its euro-denominated stablecoin, EUR CoinVertible (EURCV).

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In September, Bitpanda partnered with the global banking conglomerate Societe Generale to help grow crypto and stablecoins to be key components of global finance.

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Bitpanda intends to establish a fully operational regional headquarters in Dubai, with additional aims to create partnerships with relevant financial stakeholders.

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The exchange announced the token delisting on Nov. 19, citing undisclosed failures to meet its standards for listing tokens.

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In a statement to Cointelegraph, a Coinbase spokesperson reiterated the company’s standards. “Coinbase is committed to maintaining the high integrity of our listing standards. Should an asset fail to meet those standards, it is delisted,” the spokesperson said.

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