PANews reported on February 17 that Alchemy Pay, a cryptocurrency payment provider, announced on its X platform that it plans to launch the Alchemy Chain testnet, an L1 public blockchain, on February 23. The blockchain will reportedly be built on the Solana (SOL) virtual machine architecture and will provide a payment system that allows users to transact using both fiat currency and cryptocurrency for large-scale commercial applications.

A massive Bitcoin short placed minutes before US President Donald Trump announced tariffs with China on Friday has raised questions about insider trading. Garrett Jin, the former CEO of now-defunct cryptocurrency exchange BitForex, has denied many of the claims levied against him by a pseudonymous online sleuth that involved shorting the market.In a Monday X post, Jin said he had “no connection with the Trump family,” denying allegations of insider trading after crypto researcher Eye claimed he controlled a wallet address used by a whale to short Bitcoin (BTC). The wallet was used to open a short position less than an hour before US President Donald Trump announced “a tariff of 100% on China” on Friday, likely contributing to the price of the cryptocurrency dropping significantly.Read more

