Category: crypto

The SEC has agreed in principle to dismiss its securities enforcement case against Consensys once final approvals are secured. Consensys CEO Joseph Lubin stated that the decision to challenge the agency was to support blockchain software developers and protect innovation in the crypto industry. Consensys plans to focus on development efforts after the resolution.

Chainalysis reported that illicit crypto transactions surpassed $51 billion in 2024, driven by AI-driven fraud, stablecoin laundering, and cybercrime networks. Criminals are now favoring stablecoins over Bitcoin due to faster transactions and minimal price fluctuations. The report also highlighted a rise in cyber extortion tactics and market manipulation schemes. Regulatory scrutiny is expected to increase…

Bitcoin’s selling pressure may be decreasing as traders experience unrealized losses of 12%, potentially leading to a period of sideways movement for up to four months. Despite this, Bitcoin’s metrics suggest a correction is still ongoing, with indicators like MVRV below its moving average. The market remains uncertain, with potential for further downside but a…

Investors are pushing Revolut to consider a secondary share sale as new stakeholders seek entry into the fintech firm. Sources say the company could be valued at $60 billion, up from $45 billion six months ago. Revolut is not yet offering shares but is expected to report $1 billion in pre-tax profit for 2024. Despite…

The Aptos token saw an 8% surge amidst a market downturn after Bitwise expressed interest in launching an Aptos-focused ETF. Bitwise registered the fund with Delaware’s Department of State, potentially becoming the first in the US to introduce an ETF holding APT tokens directly. This move aligns with a trend of increasing crypto-related ETF filings…

Pi Network’s native token has reached a new all-time high after its mainnet launch, with a 30% increase in the past 24 hours and nearly 200% over the week. Despite concerns about its legitimacy, Pi’s trading volume has surpassed $3.5 billion. Critics claim Pi resembles a pyramid scheme, but the project denies fraud allegations and…

Russia’s central bank has delayed the full launch of its digital ruble project indefinitely after starting testing in August 2023. The pilot program involved 12 banks and 600 employees testing wallet functionalities and transactions. The delay is to refine technical aspects and economic models to ensure the digital ruble benefits all stakeholders. Russia is still…

The UK is considering a new Crime and Policing Bill to enhance law enforcement’s ability to confiscate cryptocurrency linked to criminal activities like public order offenses, terrorism, sexual crimes, and economic fraud. The bill gives authorities more power to freeze, seize, and destroy digital assets tied to illegal activities, ensuring financial accuracy and preventing criminals…

The FBI has confirmed that North Korea is behind a $1.5 billion exploit on Bybit, attributed to the TraderTraitor cyber campaign. Stolen funds are being laundered through Bitcoin and various blockchain networks. The Lazarus Group, a North Korean hacking unit, has been responsible for multiple attacks on crypto platforms to finance state operations.

Gemini co-founder Cameron Winklevoss has called out the SEC for its investigation into the crypto exchange, urging compensation for legal expenses and the dismissal of officials involved. The SEC recently dropped the investigation without charges, but Winklevoss criticized the agency’s actions and suggested measures to prevent regulatory overreach in the future.