Category: crypto

Japan, South Korea, and the US issued a joint statement warning about the threat of North Korean hackers targeting the global crypto industry. The statement highlighted high-profile hacks in 2024, resulting in over $370 million in losses. The authorities emphasized the need for increased cybersecurity measures and collaboration between governments and private sector stakeholders. Additionally,…

Intesa Sanpaolo, Italy’s largest bank, reportedly acquired €1 million worth of Bitcoin, approximately 11 BTC. The bank’s digital asset division has been expanding, offering spot crypto trading, options, futures, and ETFs. This move reflects a broader trend of financial institutions increasing their interest in Bitcoin. Other companies, like MicroStrategy, have also been adding BTC to…

The NYDFS and BOE have partnered to launch the Transatlantic Regulatory Exchange program, aiming to harmonize crypto regulations and enhance regulatory capabilities for digital assets and emerging payment systems. The program involves a staff exchange to share expertise and improve regulatory strategies, fostering collaboration between New York and London financial hubs.

Robinhood has agreed to pay $45 million in civil penalties to settle charges of securities law violations with the SEC. The violations include inaccurate reporting, poor cybersecurity measures, and inadequate fraud prevention. The firm’s subsidiaries failed to comply with various regulatory requirements from 2019 to 2022, leading to unauthorized access to user data and other…

Sony has officially launched the mainnet of its Ethereum layer-2 blockchain, Soneium, which leverages the OP Stack infrastructure developed by the Optimism Foundation. The platform prioritizes streamlined blockchain experiences and aims to be a foundational layer for a decentralized internet. Sony also introduced a fan marketing platform and a revamped crypto asset exchange platform within…

BlackRock’s iShares Bitcoin Trust (IBIT) saw a $29.5 million inflow on Jan. 13, contrasting with significant outflows from other US Bitcoin exchange-traded funds (ETFs). Fidelity’s Bitcoin ETF (FBTC) and ARK’s Bitcoin ETF (ARKB) led the losses. Over three days, the sector saw over $1 billion in outflows, signaling potential shifts in institutional investment strategies. BlackRock…

JPMorgan estimates that ETPs for XRP and SOL could attract over $15 billion in net inflows. Bitcoin ETPs reached $108 billion in assets within a year, while Ethereum ETPs achieved $12 billion in assets within six months. Approval for ETFs linked to XRP and SOL in the US is unlikely.

Despite the recent price drop, AlphaFresh addresses are continuing to accumulate Bitcoin. Mid-term and veteran holders are increasing their Bitcoin holdings despite the market downturn.

The US Court of Appeals for the Third Circuit granted Coinbase a partial victory in its legal dispute with the SEC, criticizing the SEC for lack of explanation in denying Coinbase’s petition for more explicit crypto rules. The court emphasized the need for clear rules for crypto firms and questioned the SEC’s approach to digital…

Recent tokens listed on Binance are performing poorly compared to the overall crypto market, indicating that price discovery is happening on decentralized exchanges. Pudgy Penguins (PENGU) and ChainGPT (CGPT) are the only recent launches not crashing. Decentralized exchanges are now for price discovery, while centralized exchanges are for exit liquidity. On-chain activity is at new…