Crypto News
Ripple Plans $285M Equity Repurchase, Valued at $11 Billion
According to Reuters, blockchain payments provider Ripple announced intentions this week to repurchase $285 million worth of employee and investor equity. The company decided to make a move as it looks like the lawsuit filed by U.S. regulators is starting to calm down after many years of uncertainty. Key Details: $285 million share repurchase values......
Tether Co-founder Warns of Bitcoin ETF Challenges
In a recent interview with CNBC, William Quigley, co-founder of stablecoin Tether and Worldwide Asset Exchange (WAX), shared his insights on the imminent entry of Bitcoin exchange-traded funds (ETFs) into the market. Quigley acknowledged the potential for increased prices due to growing institutional interest. However, he tempered the rising enthusiasm by pointing out potential hurdles......
Cboe Greenlights Spot Bitcoin ETF Listings
The Chicago Board Options Exchange (CBOE) has given its nod of approval for various Spot Bitcoin ETF to be listed on its exchange. This approval, however, is contingent upon the forthcoming approval from the Securities and Exchange Commission (SEC). Key Details: Cboe approves listing applications for several high-profile spot BTC ETFs. These include Ark Invest,......
SEC X Account Breach Sparks Bitcoin Turmoil; Two-Factor Authentication Absent
A recent cyber security breach that compromised the U.S. Securities and Exchange Commission's (SEC) X account triggered turbulence in the price of Bitcoin. The U.S. SEC's official X account falsely announced approval for listing a spot bitcoin exchange-traded fund (ETF), igniting brief euphoria. However, the tweet emerged as a fake announcement once officials declared the......
MicroStrategy Nears $3 Billion in Bitcoin Profit As BTC Hovers Around $47,000
The massive Bitcoin pile of MicroStrategy is on the verge of clinching an unrealized profit of $3 billion as the cryptocurrency briefly surpassed $47,000. The data, as per the Saylor Tracker, reveals an unrealized profit of $2,928,147,368.20 at press time. Bitcoin experienced a surge from a 24-hour low of $46,291.51 to a high of $47,193.19,......
U.S. DEA Probes Online Opioid Market’s $450M Crypto Flows
The U.S. Drug Enforcement Administration (DEA) has spent three years tracking ShanghaiChemicals, an online marketplace accused of exporting fentanyl ingredients from China to fuel America’s opioid epidemic. According to Forbes, investigators now believe the shadowy operation behind the website may simultaneously defraud narcotics buyers through an elaborate crypto-powered con. Details from a recently unsealed DEA......
Polygon and Fox Introduce ‘Verify’ for Media Authentication
Polygon unveiled the public beta launch of Verify, an open-source protocol designed to cryptographically authenticate digital media content ranging from articles to images. Verify is built on Polygon's own blockchain and aims to counter the spread of AI-fabricated media by enabling verification of source legitimacy. https://twitter.com/0xPolygonLabs/status/1744735793661567246 Polygon shared news of the release, which is in......
SEC Chair Gensler Issues Second Warning on Crypto; Asks Investors To Be ‘Cautious’
The Securities and Exchange Commission Chair, Gary Gensler, took to X to sound alarms over the rising crypto craze among retail investors. His tweet provided a link to an SEC blog post urging cautious consideration before buying the latest cryptocurrency or token. https://twitter.com/garygensler/status/1744736147518206040?s=46&t=Z2UWEe7w4_zGsgujo1CD9g The agency’s outreach forms part of a broader investor education push to......
Valkyrie Co-Founder Expects SEC Nod for Bitcoin ETF, Anticipates Thursday Trading
Steven McClurg, co-founder of digital asset manager Valkyrie, sat down with Fortune this week to discuss his firm’s ambitions in the Bitcoin ETF space. McClurg expressed confidence that the SEC is finally ready to approve the first spot Bitcoin ETF in the coming days, likely allowing trading to commence on Thursday. This confirmation would cap......
North Korea’s Lazarus Group Moves Bitcoin As BTC Breaches $47,000
North Korean hacking group Lazarus withdrew over $1.28 million worth of Bitcoin this week from an unnamed cryptocurrency mixer in its first large transfer in over a month. According to blockchain intelligence firm Arkham, the 27.371 BTC move came after the asset bounced off a 24-hour low near $43,000. The transfer was split into two......
SEC Chair Gensler Issues Caution on Crypto as Bitcoin ETF Decisions Loom
Securities and Exchange Commission (SEC) Chair Gary Gensler took to X recently, cautioning retail investors on lingering cryptocurrency dangers. The cautionary thread comes just as the agency nears pivotal decisions regarding pending Bitcoin ETF applications. Key Takeaways: Gensler warns crypto investments may not comply with securities law protections. Volatility and insolvencies still affect the crypto......
Spot Bitcoin ETF Issuers Disclose Fees, Bitcoin Price Reacts
According to the recent Bitcoin ETF filings, top asset managers filed amendments containing key details around eagerly anticipated spot Bitcoin ETF applications this week. The rush of revisions hits Monday's deadline for information like sponsor fees ahead of rumored approvals. With fees lower than expected, analysts say ultra-competitive pricing could ignite a ruthless fee war......
Bitcoin ETF Approval Odds Surge to 95%: Bloomberg Analyst
A prominent ETF analyst at Bloomberg this week edged Bitcoin ETF approval odds to a bullish 95%. Eric Balchunas also pushed out unlikely rejection triggers that could hinder the approval of the much-awaited spot Bitcoin ETF. Key Details: Bloomberg ETF expects 95% odds of the SEC approving spot BTC ETF. Marks increase from the previous......
Logan Paul Commits $2.3M to Buy Back CryptoZoo NFTs; Top Investor Threatens Lawsuit
YouTuber and influencer Logan Paul pledged $2.3 million this week to repurchase CryptoZoo non-fungible tokens (NFTs) from disappointed collectors. As revealed in a tweet recently, the move comes after the metaverse game concept collapsed. https://twitter.com/LoganPaul/status/1742965334645276708 Logan simultaneously filed a lawsuit targeting alleged insiders who sabotaged the project for personal benefits. The response remains mixed, with......
Arthur Hayes Cautions Against Buying Bitcoin Until March: Here’s Why
Influential former BitMEX CEO Arthur Hayes published a new market outlook this week, cautioning against the blossoming optimism behind a U.S. spot Bitcoin ETF. Hayes stated that this optimism could fuel overheating and a sharp comedown. He warned that anticipatory inflows may propel 40%+ drawdowns from potential $70,000+ peaks. Key Details: Hayes sees a possible......
North Korean Hackers Looted Over $600,000,000 in Crypto in 2023: Report
North Korean state-sponsored hacking groups stole over $600 million in cryptocurrency in 2023. This accounts for almost one-third of all cyber theft proceeds, according to research published this week by TRM Labs. The figures spotlight the Democratic People’s Republic of Korea's dominance as the world's most prolific crypto fraud actor. Key Details: North Korean hackers......
VanEck Pledges 5% of Bitcoin ETF Profits for Developers
Amid swelling anticipation of the first U.S. spot Bitcoin ETF approvals, investment giant VanEck this week announced commitments highlighting they are not Bitcoin tourists. The pledge features a 10-year promise to fund Bitcoin's open-source developers alongside an initial $10,000 grant. The pledge rings familiar from VanEck's support of Ethereum developers tied to its successful ETH......
Taiwan Police Bust Crypto Exchange in $32,100,000 Fraud Scheme
Criminal authorities in Taiwan arrested 14 employees of the leading cryptocurrency exchange ACE and alleged masterminds Lin Nan and Pan Nan on fraud charges totaling over $32.1 million. The company stands accused of using social media hype and misinformation to promote and list worthless "shitcoins" and extract funds from duped investors. Key Details: ACE allegedly......
Valkyrie Joins Grayscale, Files Securities Registration for Bitcoin ETF
Valkyrie has officially filed a registration of securities with the US Securities and Exchange Commission (SEC) for its Spot Bitcoin ETF. This development, coupled with similar filings from financial giants such as Fidelity, Grayscale, and VanEck, marks a potential turning point for Bitcoin ETF developments in the US. The flood of filings follows a pivotal......
Gamma Strategies Offer Bounty After $3.4M Exploit Drain
Gamma Strategies suffered an attack this week exploiting vulnerabilities in its Ethereum-based liquidity vaults to steal $3.4 million in crypto assets. The team responded by freezing deposits to stem further losses. However, in a rare move, Gamma also messaged the hacker's wallet, seeking to negotiate a "bug bounty" for returning the stolen assets. Key Details:......
