The US government ordered that the 94,000 Bitcoin (BTC) seized in connection with the 2016 Bitfinex hack be returned to the exchange as part of an in-kind restitution process. The ruling stated that there is no victim for the specific offenses of conviction, resulting in the return of all the assets seized from the “Bitfinex …
Continue reading “Bitfinex to recoup stolen Bitcoin after US restitution mandate”
As President-elect Donald Trump prepares to take office, the US Securities and Exchange Commission (SEC) is preparing to initiate changes that could halt enforcement actions against crypto firms, Reuters reported, citing individuals familiar with the matter. Sources told the news outlet that SEC commissioners Hester Peirce and Mark Uyeda, known for their crypto-friendly stances, are …
Continue reading “SEC set to reevaluate crypto enforcement cases under Trump administration”
Illicit cryptocurrency activity reached significant levels in 2024, with $40.9 billion directed to wallets linked to criminal activities, according to the latest report from Chainalysis. As blockchain systems continue to mature, malicious actors are adopting increasingly sophisticated techniques and refining their operations into organized ventures. Chainalysis Report Highlights Increasing Professionalization of Crypto Crime The report …
Bitcoin crossed the $100,000 threshold today, briefly reaching an intraday peak of $100,715 before easing back to $99,700 at press time. Bitcoin Hits $100K High on Wave of Trump Administration Speculation This price milestone represents a critical psychological and market-level achievement for bitcoin, accompanied by broader gains across the cryptocurrency sector. XRP and XLM posted …
Continue reading “Market Frenzy: Bitcoin Hits $100,715 Amid Trump Policy Buzz”
Trading patterns in equity markets reveal that investors are bracing for increased volatility as the latest U.S. inflation report is set to be released. Bitcoin Moving in Tandem With Tech Stocks The correlation between bitcoin and U.S. technology stocks has surged to a two-year high, underscoring how the equity market’s response to the upcoming U.S. …
Continue reading “Bitcoin’s Correlation With Nasdaq 100 Hits Two-Year High Amid Inflation Concerns”
On Wednesday, Justin Sun, the founder of Tron, announced the imminent debut of USDD 2.0, highlighting that it will provide a 20% annual percentage yield (APY), with the entirety of the return “fully subsidized” by the Tron DAO. “All interest will be sent in advance to a transparent address,” Sun told his 3.7 million X …
Continue reading “USDD 2.0 Set to Launch: 20% APY ‘Fully Subsidized’ by the Tron DAO “
Bitmex has been ordered to pay a $100 million fine after a protracted legal battle stemming from violations of U.S. money-laundering regulations. Bitmex Hit with Additional $100 Million Fine Over Bank Secrecy Act Breach In July 2024, HDR Global Trading Limited, the operator behind the Bitmex exchange, admitted guilt in contravening the U.S. Bank Secrecy …
A report reveals that Tether, the world’s leading stablecoin issuer, has reportedly initiated legal action against the bitcoin-focused firm Swan Bitcoin. Proceedings are said to have been filed in the High Court of England and Wales, marking the latest development in this unfolding dispute. Report Says Tether Has Filed a Lawsuit Against Swan Bitcoin in …
XRP spot traders provided the volumes needed to send the altcoin above $3. Is a new all-time high the next stop?
“This bill is about protecting the hard-earned money of Oklahoma’s citizens,” Representative Cody Maynard said upon introducing the act.
Two of the three Democratic commissioners at the SEC will be leaving before Donald Trump takes office on Jan. 20.
A widely followed crypto analyst says Bitcoin (BTC) may be at a critical juncture this month that could determine whether its uptrend continues. In a new video update, crypto strategist Benjamin Cowen tells his 858,000 YouTube subscribers that if Bitcoin can hold the range low of $90,000 in January as support, the flagship crypto asset …
Financial services titan Franklin Templeton is predicting artificial intelligence (AI) agents and the cryptocurrency ecosystem will continue to merge through ongoing innovation. The asset management firm says the development of AI agents, which are capable of performing tasks autonomously, is showing a high potential for crypto uses. “In recent months, Al agents have gained significant …
Blockchain data analysis firm Chainalysis has acquired Alterya, a fraud detection solution powered by artificial intelligence (AI). The AI solution has worked with top crypto and fintech firms like Coinbase, Binance and Block and monitors more than $8 billion worth of fiat and crypto transactions a month, according to a new press release from Chainalysis. …
President-elect Donald Trump’s new pick for Chair of the U.S. Securities and Exchange Commission (SEC) is reportedly expected to start his tenure by revamping the agency’s crypto policies. According to a new report by Reuters, three anonymous people who were briefed on the matter say that Trump’s next pick – which is slated to be …
