FTX’s bankruptcy estate has raised concerns over payouts to creditors in countries with ambiguous or restrictive cryptocurrency regulations. On Wednesday, the FTX estate filed a motion with the US Bankruptcy Court for the District of Delaware, seeking authorization for the FTX Recovery Trust to freeze distributions to creditors in “potentially restricted foreign jurisdictions.” The jurisdictions…
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A Belgian court has sentenced three people for their roles in a cryptocurrency-related kidnapping targeting the wife of local crypto entrepreneur Stéphane Winkel. The Brussels Criminal Court handed down 12-year prison sentences to three kidnappers who attacked Winkel’s wife in December 2024, local news agency La Dernière Heure reported on Thursday. The criminals were convicted…
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USDC, the second-largest stablecoin by market capitalization, has been losing market share against its main rival, Tether’s USDt, on the major payment platform BitPay in 2025. After dominating stablecoin transactions on BitPay in 2024, Circle’s USDC (USDC) saw its transaction share plummet against Tether’s USDt (USDT), according to BitPay data shared with Cointelegraph. In January…
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KBC Bank, one of Belgium’s largest financial institutions, is reportedly preparing to allow its customers to invest in cryptocurrencies through its Bolero subsidiary. Bolero, an online investment platform operated by KBC, will roll out access to Bitcoin (BTC) and Ether (ETH) investments on its platform later this year, local newspaper L’Echo reported on Wednesday. KBC…
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Global bank Standard Chartered is bullish on Bitcoin for the rest of the year, citing increasing corporate treasury buying and strong exchange-traded fund (ETF) inflows. Standard Chartered expects Bitcoin (BTC) to print new highs of $135,000 by the end of the third quarter and then break $200,000 by the end of the year, the bank’s…
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Germany’s biggest bank, Deutsche Bank, is reportedly planning to allow its clients to store cryptocurrencies like Bitcoin next year. Deutsche Bank reportedly plans to launch its digital assets custody service in 2026 in collaboration with the technology unit of Austria-based Bitpanda crypto exchange, Bloomberg reported on Tuesday. The crypto custody service’s development will also involve…
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A recent warning from the Financial Action Task Force (FATF) about the rise of stablecoin-related crimes does not pose a threat to the cryptocurrency industry, according to executives at blockchain intelligence firms. The FATF’s call to address rising illicit stablecoin activity reflects a need for close monitoring and analysis rather than an effort to curb…
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Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued beefing up its BTC holdings last week amid rebounding investor sentiment and rising prices. Strategy acquired 4,980 Bitcoin (BTC) for $531.1 million during the week ending Sunday, the company announced in a US Securities and Exchange Commission filing on Monday. Strategy’s latest Bitcoin purchases…
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Cryptocurrency investment products posted another strong week, bringing total inflows for the first half of 2025 close to last year’s figure, according to a new report from digital asset manager CoinShares. Global crypto exchange-traded products (ETPs) posted $2.7 billion in inflows in the trading week ending Friday, marking 11 consecutive weeks of inflows, CoinShares reported…
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The popularity of stablecoins for cryptocurrency payments has increased in recent years, with many global companies embracing new payment methods. Despite the trend, crypto payments remain prohibited for retail users in multiple countries, including China, Indonesia, Russia, Turkey and others. Still, while domestic crypto payments may be banned in these jurisdictions, using cryptocurrency to pay…
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