Bitcoin may be on the verge of reclaiming its all-time high of $111,970, but crypto analysts say there’s little fundamental support for the asset to meaningfully break above the level. “The risk of a short-term correction continues to build — especially in the absence of a strong catalyst to push Bitcoin decisively above the current…
Read more
Five men have pleaded guilty to their roles in a $36.9 million international crypto scam scheme that targeted Americans, with funds ultimately being sent to a crypto scam center in Cambodia. The crypto scammers used shell companies and US bank accounts to rake in the stolen funds before converting them into Tether (USDT) and sending…
Read more
US crypto-linked stocks rose alongside Bitcoin to close the Monday trading day at a gain as more publicly traded firms added the asset to their treasuries. The country’s four biggest crypto miners and some of its major crypto firms all closed at slight gains on June 10, extending gains after-hours. Nasdaq newcomer and stablecoin issuer…
Read more
BlackRock’s spot Bitcoin exchange-traded fund has become the fastest ETF in history to surpass $70 billion in assets under management. “IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341 days,” ETF analyst Eric Balchunas said in a June 9 X post. IBIT could surpass Satoshi…
Read more
The US securities regulator is working on an “innovation exemption” to stoke the creation of more onchain products and services, according to Securities and Exchange Commission chair Paul Atkins. Atkins, a former crypto lobbyist, said during a Monday crypto roundtable led by the SEC’s crypto task force titled DeFi and the American Spirit that he…
Read more
The UK Insolvency Service has appointed its first crypto intelligence specialist to help recover crypto from bankruptcy and criminal cases. Andrew Small, a former police investigator with a background in economic crime, will lead efforts to trace and reclaim crypto assets that haven’t been accounted for in those proceedings, according to a June 9 statement…
Read more
A crypto founder has been arrested in New York for allegedly using his crypto firm, Evita Pay, to funnel around $530 million into the US from sanctioned Russian banks to help Russians access highly sensitive American technology. Iurii Gugnin was hit with a 22-count indictment and will face charges related to wire and bank fraud,…
Read more
US Securities and Exchange Commission (SEC) Chair Paul Atkins took aim at the previous administration’s crypto policies in the regulator’s latest roundtable event exploring digital asset regulation. In a Monday event led by the SEC’s crypto task force titled “DeFi and the American Spirit,” Atkins said the prior administration, suggesting the agency’s stance on digital…
Read more
Telegram founder Pavel Durov is still trying to figure out why he was detained in France last August, though the motives may have been political and tied to authorities’ efforts to crack down on alleged illicit activity on the messaging platform. That was one of the key takeaways from Durov’s interview with Tucker Carlson, which…
Read more
US lawmakers on the House Financial Services Committee are expected to meet for a markup hearing on Tuesday to consider a cryptocurrency market structure bill, which could be amended to add protections for blockchain developers. According to a notice released ahead of the hearing, committee chair French Hill introduced an amendment to the Digital Asset…
Read more