Category: crypto

Former QuadrigaCX co-founder Michael Patryn lost $1 million in seized gold, cash, and luxury goods in British Columbia under unexplained wealth order powers. The assets were allegedly misappropriated from QuadrigaCX customer funds before the exchange collapsed in 2019. Patryn did not contest the seizure, and the province may use the assets to compensate creditors.

Harvard increased its Bitcoin ETF stake by 257% in Q3 2024, making it their top holding despite Bitcoin’s decline. This move sparked criticism over Bitcoin’s volatility, lack of yield, and energy consumption. Market analysts noted outflows from BTC ETFs and cautious trading due to options clustering around key price levels.

Coinbase has resumed operations in India with crypto-only trading after a two-year suspension. Users can now exchange cryptocurrencies and use Coinbase Wallet, with plans for a fiat on-ramp in 2026. The restart follows FIU registration and signals a bid to re-enter India despite strict tax rules.

Bitcoin is trading in a narrow range between $91k-$92k with a market cap of around $1.8 trillion and dominance of 58-60%. The price is above the 200-day moving average but struggles to break through the $100k-$120k resistance zone. High open interest and positive funding show leveraged long positions, increasing liquidation risk.

Vitalik Buterin has proposed an on-chain gas futures market to address Ethereum transaction fee unpredictability. Users can pre-buy gas at fixed prices for future use, providing cost certainty for high-volume users and enterprises. The system would create economic signals for scaling decisions without reducing gas fees. The proposal is not yet formally submitted.

Scammers used a fake DBS crypto trading app and WhatsApp group to steal over $130,000 from a retired engineer, prompting cybercrime warnings from authorities. The victim was lured into investing through the app and group, with the scammers eventually demanding a 20% fee and blocking the victim’s account. Police urge caution and verification of investment…

VTB, Russia’s second-largest bank, will begin testing spot crypto trading for wealthy clients in 2026 as part of Russia’s efforts to regulate access to digital assets. This move comes as Russia incorporates crypto into payments and oil trade with China and India due to Western sanctions, following global trends seen in other major banks.

The Federal Reserve’s final FOMC meeting of 2025 is approaching, with expectations of a possible rate cut that could impact risk sentiment as we enter 2026. Markets predict an 87% chance of a 25bp rate cut to 3.50%-3.75%, alongside updated economic projections and the confirmation of the recent end of QT. Crypto markets could experience…

zkSync is preparing to retire its original ZK-rollup, zkSync Lite, by 2026. The transition is part of a move towards more advanced infrastructure in the network. Funds are safe, and a migration guide will be provided next year. The ecosystem is focusing on zkSync Era, the ZK Stack, and cross-chain upgrades.

Binance.com has received full licensing approval in Abu Dhabi, marking a major regulatory step for the company. The approval allows Binance to operate its exchange, clearing, custody, and broker-dealer functions in the jurisdiction. This move positions Abu Dhabi as the company’s primary regulatory base, with plans to start operating under the new permissions in January…