Bitcoin Reaches $64K, Eyes New Peak Pre-Halving
Bitcoin price surged over 10% to a new 2024 high of $64,000 on Feb. 28, driven mainly by anticipation of the upcoming supply halving event, which often leads to significant price increases.
Sam Bankman-Fried Seeks Reduced Sentence Amid Fraud Conviction
Sam Bankman-Fried (SBF), the former FTX executive convicted of fraud, is appealing for a more lenient sentence of 63 to 78 months, as opposed to the 100-year recommendation by the Presentence Investigation Report (PSR).
Senator Warren Advocates for Fair Crypto Regulations
Senator Elizabeth Warren emphasized the need for a legal "level playing field" for crypto and advocated for restrictions on Big Tech's artificial intelligence models during a Feb. 27 Bloomberg Television interview.
Bitcoin Mining Strains Power Grid
The White House is concerned that Bitcoin mining could strain the U.S. power grid, signaling a price surge to a record $57,000 since 2021 as mining intensifies energy use.
Kraken Targets Bitcoin ETF Market
Crypto exchange Kraken has unveiled a new division for institutions, focusing on Bitcoin ETFs, with services in trading and staking. Tim Ogilvie heads the initiative, eyeing rapid institutional crypto adoption.
