A Bitcoiner lost $91 million in a single transaction to a social engineering attack on Tuesday, with funds then sent to a privacy-focused Bitcoin wallet, according to blockchain investigator ZachXBT. The victim was deceived by impostors posing as crypto exchange and hardware wallet support, losing 783 Bitcoin (BTC) in a single transaction, ZachXBT said in…
Read more
Ben Waxman, a Democrat representing District 182 in Pennsylvania’s House of Representatives, has introduced legislation “to prohibit elected officials from profiting off cryptocurrency while in office.” Waxman introduced HB1812 on Wednesday with eight Democratic co-sponsors in response to what he called “corruption” perpetuated at the federal level by US President Donald Trump. The Pennsylvania lawmaker…
Read more
The US Office of the Comptroller of the Currency (OCC) said it had issued an order terminating a consent order made against cryptocurrency custody bank Anchorage Digital in 2022. In a Thursday notice, the OCC said it had dropped the order “to assure the safety and soundness” of Anchorage. The financial regulator’s April 2022 order…
Read more
Key takeaways: Bitcoin bears hold strong incentives below $114,000, likely intensifying pressure ahead of the options expiry. AI-sector spending concerns add turbulence and weigh on investors’ broader risk appetite. A total of $13.8 billion in Bitcoin (BTC) options are set to expire on Aug. 29, a moment many traders believe could determine whether the recent…
Read more
Tornado Cash co-founder Roman Storm, found guilty on one felony count in August, may be closer to avoiding a possible retrial on additional charges following a statement from a Justice Department official. Speaking at a Thursday summit in Wyoming organized by the cryptocurrency advocacy organization American Innovation Project, Matthew Galeotti, the acting assistant attorney general…
Read more
Key takeaways: BTC’s 700% rally from $15,500 to $124,500 suggests a market top in 2 to 3 months, based on past cycles. Bitcoin supply in profit has been elevated for 273 days, signaling a potential cycle peak soon. Bitcoin risks dropping into the $90,000-$100,000 range if the psychological support at $110,000 is lost. Bitcoin (BTC)…
Read more
Key points: Bitcoin has a new make-or-break price point to monitor into the weekly close: $114,000. Bid liquidity lines up below local lows as BTC market structure risks looking “weak.” Fed rate-cut odds fall for September despite a US-EU trade deal. Bitcoin (BTC) saw volatility at Thursday’s Wall Street open as markets digested a US-EU…
Read more
Tokenization adoption may solve some of the systemic inefficiencies identified in Latin American capital markets and accelerate investment and capital flow in the region, according to Bitfinex Securities. Systemic inefficiencies, including high fees, complex regulations and structural issues such as technological barriers and high startup costs, are slowing investment and hindering capital flow into Latin…
Read more
Leading stablecoin issuers Tether and Circle are expected to meet with top executives from South Korea’s largest banks this week, according to local media. South Korea’s state-funded Yonhap News Agency reported Thursday that representatives from Tether and Circle are scheduled to meet with the top executives of South Korea’s four major financial groups. The executives are…
Read more
For years, Washington was considered hostile territory for the cryptocurrency industry. Regulatory crackdowns, lawsuits and policy uncertainty drove many builders overseas and left advocates fighting uphill battles on Capitol Hill. But as Kristin Smith, president of the Solana Policy Institute, explains in the latest episode of the Clear Crypto Podcast, the tide has turned in…
Read more