Three men have been charged with allegedly collecting about 16,000 IRS refund checks worth an estimated $74 million and cashing them at a gas station in Georgia. Gustavo Rojano Salazar, Gabriel Rojano Salazar and Andres Huerta Rendon have been indicted on charges that include mail fraud, wire fraud and conspiracy to commit concealment money laundering, …
Category archives: Trending Crypto news
Bloom bot hackers loot $953K faster than you can microwave popcorn
Bloom pledged to reimburse nine traders after $953,000 was drained from 48 wallets, saying no private keys were accessed or compromised. Hackers stole nearly $1 million from wallets linked to Telegram trading bot Bloom in under two minutes, according to blockchain analytics company Bitquery. The attack drained $953,000 in 94 seconds from 48 cryptocurrency wallets …
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Binance files for Brazil crypto license ahead of Friday deadline
The exchange is delisting 22 crypto assets for Brazilian users and hopes talks with the central bank will allow it to restore some services. Binance has applied for a cryptocurrency service provider license in Brazil, seeking to maintain its operations in one of Latin America’s largest crypto markets ahead of a regulatory deadline on Friday, …
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Bitcoin ETFs claw back $110M after $774M exit
US spot Bitcoin ETFs remained in the red for October, with about $202 million in net outflows for the month despite Monday’s rebound. US-listed spot Bitcoin exchange-traded funds (ETFs) returned to net inflows on Monday despite weakening market sentiment and continued volatility in BTC price. The funds attracted $110 million in net inflows on Monday, …
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Visa’s Agent Payment Pilot Highlights the Next Question for Crypto Wallets
TL;DR: Visa, BILL and Billtrust are piloting trusted AI agents that complete approved invoice payments through supplier portals. The next stage of automated payments may depend less on how fast a transfer settles and more on proving who authorised it. Visa, BILL and Billtrust announced an October 20 live pilot allowing trusted AI agents to …
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DriveWealth Taps RLUSD for the Cross-Border Funding Problem Behind Stock Trading
TL;DR: DriveWealth plans to integrate Ripple’s stablecoin, payments and custody technology, initially focusing on European settlement. Investors can trade US stocks through digital apps at almost any hour, but moving the cash needed to fund those trades still runs into banking cutoffs. A newly announced partnership between DriveWealth and Ripple aims to close that gap …
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Visa’s Stablecoin Funding Moves Beyond the Pilot Stage
TL;DR: Visa says Inyo Global is the first enabler to bring its stablecoin-enabled Visa Direct prefunding into production for eligible clients. Stablecoins are often discussed as an alternative to established payment networks. Visa’s latest move shows how they can instead become a funding component inside one. On October 15, the company said its Visa Direct …
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Ripple Prime Brings Round-the-Clock RWA Swaps Into Institutional Trading
TL;DR: Ripple Prime says eligible institutional clients can trade perpetual swaps referencing more than 100 traditional markets through its new offering. Exposure to traditional markets is increasingly being packaged for venues that never close. Ripple Prime said on October 15 that it had introduced support for real-world-asset perpetual swaps covering more than 100 reference markets, …
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Ripple-Backed Custody Study Finds Institutions Want More Than Safe Keys
TL;DR: A BCG report commissioned by Ripple says custody buyers increasingly judge governance, interoperability and operational integration alongside asset security. Institutional custody is becoming a question of how assets can be used, not just where keys are stored. Ripple’s October 21 discussion of a Boston Consulting Group research report argues that security is now a …
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Keystone breach deepens: Hackers stole key used to verify wallets as genuine
Keystone initially disclosed a leak of customer information but has since disclosed that hackers also stole a key that could allow counterfeit wallets to pass authenticity checks.
‘Bear Market Ended in June’: Galaxy Digital Says Bitcoin (BTC) Is in Accumulation Phase Before Price Surge
Researchers at the crypto firm Galaxy Digital think the Bitcoin (BTC) bear market ended four months ago. Alex Thorn, Galaxy’s head of firmwide research, says in a new analysis that Bitcoin is currently in “the accumulation phase that has preceded every prior advance.” “On a technical basis, the 200-week moving average held, the 50-week moving …
Treasury Firm Strive Makes Massive Bitcoin Purchase, Acquiring $511,000,000 Worth of BTC
The Bitcoin treasury firm Strive (ASST) just acquired $511 million worth of BTC. The Dallas-based company bought 6,182 Bitcoin between October 16th and 23rd, stretching its total holdings to 43,000 BTC, per documents filed with the U.S. Securities and Exchange Commission on Monday. Strive is the fourth-largest Bitcoin treasury firm in the world, and the …
Ripple wins final US approval for national trust bank
The approval clears the way for Ripple to manage reserves backing its RLUSD stablecoin and provide digital asset custody. Ripple announced Monday that its national trust bank has secured final approval from the Office of the Comptroller of the Currency (OCC). The approval completes the chartering process for Ripple National Trust Bank (RNTB), which received …
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Hacker Drains Nearly $1,000,000 in SOL From Solana Trading Bot Users in 94 Seconds
A hacker has drained nearly $1 million worth of Solana (SOL) from users of a crypto trading bot that runs inside the Telegram chat app. The attack hit 49 wallet addresses belonging to nine users and took about 9,408 SOL, worth roughly $947,000, says Bloom, the company behind the bot. Bloom says the attacker exploited …
Injective launches onchain futures market tracking Nvidia GPU rental costs
The new index tracks rental prices for five Nvidia GPUs, offering leveraged trading and potential hedging against fluctuations in AI computing costs. Layer-1 blockchain Injective has launched a perpetual futures market tracking the rental prices of five Nvidia GPUs, allowing traders to bet on changes in AI computing costs with up to 10x leverage. The …
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