US Seizes $24M in Crypto Linked to Qakbot Malware Developer The U.S. Department of Justice (DOJ) is making moves in the fight against cybercrime. They’ve filed a civil forfeiture complaint targeting Rustam Rafailevich Gallyamov, a Russian national accused of being the mastermind behind the Qakbot malware. The DOJ aims to seize over $24 million in…
US Senate Advances Stablecoin Bill: A Step Towards Crypto Regulation The United States is taking significant steps toward regulating the crypto space. Recent legislative actions signal a growing understanding and acceptance of digital assets like Bitcoin and stablecoins within the government. This week saw substantial movement on both stablecoin and blockchain-related bills, potentially setting the…
US Big Banks Eye Joint Crypto Stablecoin: A New Era for Digital Finance? The world of crypto is buzzing with news that some of the biggest banking institutions in the United States are in preliminary discussions about launching a joint crypto stablecoin. This move signals a growing interest in digital assets among traditional financial players,…
Bitcoin Futures Open Interest Reaches Record High, Signaling Increased Market Speculation The Bitcoin market is currently buzzing with activity as futures open interest (OI) has surged to unprecedented levels. This indicates that traders are increasingly betting on Bitcoin’s future price, anticipating further gains. However, this also brings potential risks, as high leverage can lead to…
Swedish Health Firm H100 Group Sees Stock Surge After Bitcoin Investment The world of cryptocurrency continues to intertwine with traditional markets, leading to some interesting developments. Recently, a Swedish health tech company and a Chinese electric vehicle retailer have made headlines with their forays into Bitcoin. This move has sparked significant market reactions, demonstrating the…
American Tourist Loses $123K in Bitcoin After London Taxi Scam A U.S. tourist in London became the latest victim in a string of crypto-related crimes, losing a significant amount of Bitcoin after being drugged and robbed by a fake taxi driver. The incident highlights the increasing risks faced by crypto holders, as criminals target individuals…
Solana (SOL) Eyes $260 Rally, But Caution Advised Solana (SOL) is showing signs of a potential rally toward $260, fueled by a promising bull flag pattern. However, analysts are urging caution due to low spot buy volumes. This analysis arrives as Bitcoin (BTC) has reached new all-time highs, leading to speculation about capital rotation into…
US Lawmaker Aims to Block Trump’s Crypto Activities with New Bill In a move to increase crypto regulation, California Representative Maxine Waters has announced plans to introduce a bill targeting former President Donald Trump’s involvement in the crypto space. The proposed legislation, named the Stop Trading, Retention, and Unfair Market Payoffs (TRUMP) in Crypto Act…
Crypto Travelers Spend Big: Binance Pay and Travala Report Reveals Surprising Trends The world of travel is changing, and cryptocurrency is playing a bigger role than ever. A recent report by Binance Pay and Travala highlights some interesting trends in crypto-based travel, showing that those who use digital currencies for their bookings spend significantly more…
Stablecoin Bill Gains Momentum Amidst Crypto Regulation Discussions The crypto world is buzzing as a bill designed to regulate stablecoins in the U.S. gains traction. According to a recent CNBC report, David Sacks, a key advisor to President Trump on crypto and AI, believes the stablecoin bill is likely to pass the Senate with bipartisan…
Crypto Whale Bets $1.1 Billion on Bitcoin Long Position The world of cryptocurrency trading is known for its volatility and high-stakes maneuvers. Recently, a crypto whale made headlines by opening a massive $1.1 billion long position on Bitcoin (BTC) with 40x leverage on the decentralized exchange Hyperliquid. This move has stirred the crypto community, marking…
Synthetix Abandons $27 Million Derive Acquisition Plan After Community Pushback In a surprising turn of events, the decentralized finance (DeFi) platform Synthetix has decided to scrap its $27 million acquisition of the crypto options platform Derive. This decision comes after significant negative feedback from both the Synthetix and Derive communities. The deal, which involved a…
Donald Trump’s foray into the world of memecoins has stirred significant controversy, drawing criticism from lawmakers and advocacy groups alike. A planned dinner with top holders of his “Official Trump” (TRUMP) memecoin has become a focal point, raising concerns about potential conflicts of interest and the sale of access to the former president. This situation…
Hong Kong is making significant strides in the digital asset space. The Legislative Council has officially passed the Stablecoin Bill, setting the stage for a regulated environment for stablecoins and potentially positioning Hong Kong as a key player in the global Web3 landscape. This move signals Hong Kong’s ambition to become a hub for crypto…
