Aston Financial Group (Channel).

🇺🇸 Legal Action Forces US Energy Department to Suspend Crypto Mining Investigation Following legal action initiated by Riot Platforms and the Texas Blockchain Council against the U.S. Department of Energy (DOE), the department’s statistical branch, the Energy Information Administration (EIA), has put a temporary hold on its bitcoin mining survey and quarantined the data gathered to date. Source 🔍 More Crypto News

💰 Bitcoin falls far short as global currency, central bankers say Economists with the European Central Bank (ECB) contend that Bitcoin’s (BTC) limited usage disqualifies it as a legitimate form of currency. On Feb. 22, ECB director general for market infrastructure and payments Ulrich Bindseil, along with the bank’s advisor for market infrastructure and payments, Jürgen Schaaf, published a co-authored blog post titled: “ETF Approval for Bitcoin – the Naked Emperor’s New Clothes.” www.astonfinancialgrp.com

💰 Donald Trump can now ‘live with’ Bitcoin accepting growing demand, suggests further regulation Former US President Donald Trump’s stance toward Bitcoin has taken a different turn, with him noting the growing demand for the flagship digital asset. In 2021, the former President described Bitcoin as a “scam against the dollar” that regulators should take action to monitor. At the time, Trump’s skepticism stemmed from the perceived risks of cryptocurrencies, including their volatility and susceptibility to facilitating illicit financial activities. Source 🔍 More Crypto News

💰 $540 Million in Bitcoin Withdrawn From Exchanges: Price Impact Bitcoin is experiencing a surge in outflows from centralized crypto exchanges, hitting its highest level in eight months, indicating a significant shift in market dynamics. On-chain data from IntoTheBlock, a prominent market intelligence platform, shows weekly net outflows from centralized exchanges have peaked. Approximately $540 million worth of Bitcoin was withdrawn this week, marking the largest net outflow since June 2023. Source 🔍 More Crypto News

🪙 Ethereum price increase driven by anticipation of Dencun upgrade: Grayscale While many market watchers might be attributing Ethereum's recent price increase to optimism stemming from the possible approval of a spot ether ETF, asset manager Grayscale Investments has suggested that the cryptocurrency rose in value because of Ethereum's upcoming Dencun upgrade, which will increase the throughput and reduce the cost of some transactions on the network. Source 🔍 More Crypto News

🏦 Coinbase Denies Reports of Nigerian Crypto Ban Cryptocurrency platform Coinbase is denying reports that it is being blocked in Nigeria. Last week saw a report by the Financial Times (FT) that the Nigerian government had gotten the country’s telecoms to block platforms including Coinbase, Binance and Kraken. However, a spokesperson for Coinbase told Coindesk on Thursday (Feb. 22) that it was still in operation in Africa’s largest nation. www.astonfinancialgrp.com

💰 Bitcoin falls far short as global currency, central bankers say Economists with the European Central Bank (ECB) contend that Bitcoin’s (BTC) limited usage disqualifies it as a legitimate form of currency. On Feb. 22, ECB director general for market infrastructure and payments Ulrich Bindseil, along with the bank’s advisor for market infrastructure and payments, Jürgen Schaaf, published a co-authored blog post titled: “ETF Approval for Bitcoin – the Naked Emperor’s New Clothes.” www.astonfinancialgrp.com

It happens more often than what I'd like to admit ngl