Category: crypto

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…

Robinhood is expanding into Indonesia by acquiring a licensed brokerage and crypto trading platform. This move will give Robinhood a strong presence in Indonesia’s retail trading market, with plans to offer U.S. equities, cryptocurrencies, and other products. The acquisitions are expected to close in the first half of 2026, pending regulatory approval.

Ethereum ETFs experienced $75.21 million in outflows on December 5, with all nine funds reporting zero inflows. BlackRock’s ETHA drove the withdrawal trend as ETH supply on exchanges hit a record low. Despite negative market sentiment, Ethereum traded at $3,030 with a 24-hour range of $2,995.50 to $3,146.10.

Western Union is developing a stablecoin-backed prepaid card for countries with high inflation rates. The card will be launched in 2026, integrating with the company’s remittance network. The partnership with Rain will allow users to convert digital assets into local cash. This marks a shift in Western Union’s stance on cryptocurrencies. Pakistan also plans to…

In the week of November 30 to December 6, 2025, crypto VC funding reached $478.9 million across 18 projects. The largest deal was Paribu’s $240 million acquisition of CoinMENA. Other significant raises included N3XT, Canton Network, and Portal. The total funding activity for the week is detailed in the Cryptofundraising data.

NFT sales remain at $77 million, with a surge in buyers and sellers. Bitcoin and Ethereum prices fluctuate, while the global crypto market cap is at $3.05 trillion. Top collections include DMarket, Guild of Guardians Heroes, and Algebra Positions NFT-V2. Ethereum and Immutable are the top blockchains by NFT sales volume.