Crypto News
KSI Faces Allegations From ZachXBT and Coffeezilla of Crypto Pump-and-Dump
Popular YouTube personality KSI has come under fire from crypto investigators for alleged crypto pump-and-dump schemes. Critics highlighted social media posts touting certain crypto projects shortly before KSI sold hundreds of thousands of associated tokens. KSI posted bullish comments on tokens before quickly selling them. Sold $850K in XCAD after watch-to-earn project plug on X.......
U.S. NIST Flags Vulnerability for Binance Trust Wallet iOS App
A serious security vulnerability has been discovered in the iOS version of the Binance Trust Wallet. The flaw allowed attackers to generate wallet passwords and steal user funds, according to a notice in the U.S. National Institute of Standards and Technology's (NIST) vulnerability database. Trust Wallet iOS app contained a flaw enabling password guesses for......
Coinbase Surges Before Q4 Report Amid Bitcoin Rally
Shares of cryptocurrency exchange Coinbase have surged nearly 27% over the past five days. Additionally, the rally comes as the exchange is set to release its fourth-quarter earnings results on Thursday. The stock surge aligns with a recent Bitcoin price spike as analysts forecast strong trading volume and revenue growth numbers from the company. Coinbase......
DEBT Box Fights SEC Bid to Exit Crypto Case
Cryptocurrency project DEBT Box is urging a federal judge to deny the Securities and Exchange Commission's (SEC) request to dismiss fraud charges. DEBT Box asserted the motion aims to help the SEC cover up misconduct in initially obtaining a court asset freeze. SEC seeking 'own terms' to exit case after sanctions threat says DEBT Box.......
Australian Officer Accused of Stealing Millions in Seized Bitcoin
An Australian Federal Police (AFP) officer has been accused of stealing over 81.616 Bitcoin from an online drug trafficking investigation in 2019. According to an Australian news media report, William Wheatley appeared in court this week, contesting allegations of theft and dealing in the proceeds of crime. Wheatley is accused of stealing 81.616 Bitcoin seized......
Bitcoin Market Cap Reaches $1 Trillion as BTC Surges Beyond $51,000
The price of Bitcoin popped above the key $51,000 level recently, gaining nearly 3.5% over the last 24 hours. The ascent builds on Bitcoin's over 20% appreciation in the last seven days. Bitcoin climbed past the $51K threshold. Over $98 million in BTC shorts liquidated as the price spiked upward. BTC market cap regains $1......
Crypto Aided in Child Exploitation, Human Trafficking: Report
The U.S. Department of the Treasury released a report detailing an increase in the use of cryptocurrencies to facilitate human trafficking and child sexual exploitation from 2020 to 2021. The Financial Crimes Enforcement Network (FinCEN) analysis found over $412 million worth of suspicious activity across more than 2,311 government filings related to such crimes. Crypto......
Robinhood Beats Expectations with Higher Crypto Revenue
Robinhood reported its fourth-quarter 2023 earnings on Tuesday. The revenue beats expectations on the back of increased crypto trading volume. The company's crypto transaction revenue rose 10% year-over-year to $43 million. Crypto trading revenue rose 10% to $43 million as transaction volume climbed nearly 90%. Total transaction revenue grew 8% year-to-year, driven by crypto gains.......
Blockchain Association Warns Against Stifling Crypto Legislation
The Blockchain Association has sent a letter to Congress signed by over 80 former military and national security professionals raising concerns over new crypto bills under consideration. The letter warns that certain legislative proposals risk severely hampering digital asset innovation in the United States. Bills like the CANSEE Act and DAAMLA could stifle progress in......
Ripple Expands US Presence With Purchase of NY Crypto Trust Firm
Ripple has struck a deal to purchase New York trust company Standard Custody & Trust. Through the acquisition, the payment platform secured a limited purpose trust charter to expand the regulatory services it can offer clients in the US. The acquisition represents Ripple's latest move to expand its capabilities domestically, despite legal clashes with the......
Ledger Partners with Coinbase to Streamline Crypto Purchases
Hardware wallet provider Ledger has announced an integration with Coinbase's payments platform, Coinbase Pay. The collaboration will allow users to easily purchase cryptocurrencies and transfer them into self-custody storage. Key Highlights: Ledger app integrates Coinbase Pay. Enables direct crypto purchases and transfers into Ledger wallets. Aims to simplify self-custody onboarding for new users. Part of......
Founders Fund Bets $200 Million on Bitcoin and Ethereum: Report
Billionaire Peter Thiel's Founders Fund has invested $200 million in Bitcoin and Ethereum over recent months, according to sources cited by Reuters. Key Details: The Founders Fund acquired $100 million each in Bitcoin and Ethereum. Purchases were made between late summer and early fall 2022. Founders Fund previously liquidated crypto holdings before the 2022 crash.......
Binance Founder CZ’s Criminal Sentencing Postponed Until April
The sentencing of Changpeng Zhao, founder of crypto exchange Binance, on money laundering charges has been pushed back two months to April 30th, according to a court notice filed Monday. No specific reason was provided for the delay. Zhao, better known by his initials "CZ," pleaded guilty last November to violating U.S. anti-money laundering laws.......
FTX to Sell Custody Unit for 95% Less Than Purchase Price
The defunct FTX crypto exchange is offloading one of its recently acquired business units for a tiny fraction of what it originally paid. According to court documents filed this week, Digital Currency Custody Inc. (DCI) will be sold to token platform CoinList for only $500,000. FTX had purchased the custodial services provider in August 2022......
Crypto Funds Witness $1,100,000,000 Inflows; Bitcoin Captures 98%
Crypto funds attracted over $1.1 billion in fresh investments last week, pushing year-to-date inflows to $2.7 billion, according to the latest report from CoinShares. Total assets under management (AuM) also recovered to $59 billion, the highest level since early 2022. Key Details: US spot bitcoin ETFs drive momentum with $1.1 billion in weekly inflows. Total......
CryptoQuant Predicts Bitcoin Could Reach $112,000 As BTC Eyes $50,000
According to on-chain data firm CryptoQuant, Bitcoin could increase to as high as $112,000 this year. The company's CEO forecasts Bitcoin returning above $55,000 in the months ahead as capital continues pouring into the spot ETF market. Key Takeaways: Ongoing spot ETF inflows may boost bitcoin's market cap by over $100 billion. Yearly average price......
California Voters Show Strong Support for Crypto: Coinbase
New polling reveals strong backing for crypto assets and blockchain technology among California voters, especially younger demographics hungry for financial system reform. On behalf of Coinbase, the research firm Toluna conducted a survey of cryptocurrency owners in the state. Additionally, it shows that the younger generation in the state wants policymakers to encourage innovation to......
NY Attorney General Seeks Over $3B in Expanded DCG and Genesis Lawsuit
NY Attorney General Letitia James announced on Friday that she is significantly expanding her lawsuit against Digital Currency Group (DCG) and its lending arm, Genesis Global Capital. According to Reuters, the NY attorney general is now seeking over $3 billion in restitution, tripling her initial estimate of investor losses. Key Details: The lawsuit, originally filed......
Bitcoin Eyes $48,000 Rally Amid Bullish Seasonal Trends: 10x Research
Bitcoin is gaining momentum for a rally towards $48,000 in the coming days based on bullish seasonal trends and clearing key technical resistance levels this week. According to Markus Thielen, head of research at Matrixport and founder of 10x Research, Bitcoin's breakout above $44,000 resistance has opened the door for further upside just as BTC......
Kraken Receives VASP Registration to Expand in the Netherlands
Cryptocurrency exchange Kraken has secured a Virtual Asset Service Provider (VASP) registration from the Dutch Central Bank (DNB). This will enable the company to expand its offerings to clients in the Netherlands. The registration comes as part of Kraken's broader growth strategy across Europe. In addition to the latest DNB approval, Kraken also holds active......
