Author: Crypto News

Kraken Appoints Ex-Paxos Exec as New Chief Legal Officer Amid Regulatory Scrutiny Kraken appoints ex-Paxos exec as new chief legal officer to enhance its legal framework and compliance measures. The U.S.-based cryptocurrency exchange has officially welcomed Ben Gray, the former Global General Counsel at Paxos, to lead its legal team. His role will include overseeing legal, compliance, and enterprise risk management operations. Kraken’s leadership views this appointment as a strategic move to reinforce its regulatory standing. Co-CEO Arjun Sethi stated that Gray would be a “critical addition” as the company navigates the evolving crypto landscape and aims for expansion. Ben…

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Tether AI SDK Platform: Revolutionizing AI with Open-Source AI Applications Tether AI SDK Platform is set to redefine artificial intelligence by introducing innovative AI applications designed for desktop and mobile users. Tether CEO Paolo Ardoino recently provided a preview of the AI features under development, demonstrating the company’s commitment to advancing AI technology alongside its stablecoin initiatives. In a recent announcement, Ardoino shared three clips showcasing Tether’s upcoming AI apps. These applications include an AI translator, an AI voice assistant, and an AI Bitcoin wallet assistant. Among them, the AI Bitcoin wallet assistant stands out for its ability to track…

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SparkCat Malware Poses Major Threat to Crypto Wallets on Android and iOS SparkCat Malware has emerged as a significant threat to cryptocurrency users, targeting both Android and iOS devices. Kaspersky has recently issued a warning about this newly discovered malware, which infiltrates popular mobile apps and steals private keys from cryptocurrency wallets. Shockingly, SparkCat has been downloaded over 200,000 times, putting numerous users at risk of losing their digital assets. The malware spreads through malicious software development kits (SDKs) embedded in seemingly harmless applications. Cybersecurity experts have noted that SparkCat Malware utilizes Optical Character Recognition (OCR) technology to scan victims’…

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Bitcoin ETFs Rebound as Trump Suspends Tariffs on Mexico and Canada for a Month Bitcoin ETFs rebound after President Donald Trump agreed to pause tariffs on Mexico and Canada for a month, leading to renewed investor confidence. Spot Bitcoin exchange-traded funds (ETFs) in the United States have returned to net inflows, reversing the previous day’s outflows and signaling a shift in market sentiment. According to Farside Investors, the 12 spot Bitcoin ETFs recorded a net inflow of $340.7 million on Feb. 4, marking a sharp turnaround from the $234.4 million in net redemptions seen the previous day. BlackRock’s IBIT led…

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How MetaMask’s Gas Station is Revolutionizing Ethereum Gas Fees Ethereum gas fees have long been a challenge for users, often causing failed transactions due to insufficient ETH balances. Addressing this pain point, MetaMask has introduced the ‘Gas Station’ feature, a game-changing solution that eliminates the need for users to maintain ETH balances specifically for gas fees. On February 5, MetaMask rolled out Gas Station on its browser extension, bringing relief to Ethereum users struggling with unpredictable and expensive gas fees. With this new feature, transaction fees are seamlessly included in the swap process, ensuring users don’t face failed transactions…

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How the Crypto Regulation Working Group Aims to Shape Stablecoin and Digital Asset Laws The formation of a Crypto Regulation Working Group by Republican lawmakers marks a significant step toward establishing clear rules for the digital asset industry. This bicameral initiative aims to streamline crypto regulations, focusing on stablecoins and digital asset market structures to provide long-awaited legal clarity. Announced on February 4 at a Capitol Hill press conference, the working group represents a coordinated effort by key House and Senate leaders. Their goal is to craft a structured regulatory framework that can effectively govern the fast-evolving crypto sector,…

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Polymarket Trump Picks Gain Traction as Users Bet on Senate Confirmations Polymarket Trump Picks have generated significant buzz in the blockchain-based prediction market space, with users trading over $16.5 million on whether President Trump’s nominees would be confirmed by the U.S. Senate. This staggering volume highlights the growing influence of decentralized prediction platforms in political forecasting. One of the confirmed Polymarket Trump Picks includes pro-crypto hedge fund manager Scott Bessent, whom Trump nominated for U.S. Treasury Secretary. Bessent’s confirmation holds major implications for the cryptocurrency industry, particularly concerning financial regulations and privacy policies, such as those involving Tornado Cash.…

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Argo Blockchain Interim CEO Invests $34,625 in Company Shares Argo Blockchain interim CEO, Jim MacCallum, has made a significant insider purchase, acquiring 75,000 shares of the company’s stock. The transaction, disclosed in a regulatory filing, took place between Jan. 29 and Jan. 30 through American Depositary Receipts (ADR), which represent U.S.-traded shares of a foreign company. The share prices ranged from $0.4550 to $0.4700, with an average purchase price of $0.4617 per ADR, amounting to a total investment of approximately $34,625. The announcement of this insider transaction positively impacted Argo Blockchain’s stock price, causing a 2.27% surge on the London…

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Gary Gensler MIT Return Sparks Debate Among Alumni and Crypto Enthusiasts Gary Gensler MIT Return has stirred up mixed reactions, especially among alumni and the crypto industry. The former Chair of the U.S. Securities and Exchange Commission (SEC) is making a comeback to MIT’s Sloan School of Management as a Professor of the Practice. According to an MIT press release dated January 27, Gensler will be a part of the Global Economics and Management Group and the Finance Group, focusing on artificial intelligence, finance, financial technology, and public policy. In addition to his professorship, Gensler will co-direct FinTechAI at MIT’s…

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