Crypto Financial News

Tether has frozen 32 crypto wallet addresses containing a combined $873,118 it said were linked to «terrorism and warfare» in Israel and Ukraine, the company said on Monday. Israeli police said last week they had frozen crypto accounts used to solicit donations for Hamas on social media. Hamas' Oct. 7 attack on Israel killed 1,300 people. Tether did not say when they froze the addresses. TRM Labs, a major U.S. blockchain analysis company that works with law enforcement agencies, said in a blog in February that Tether was a «currency of choice» for terrorist financing.

SkyBridge Capital’s founder Anthony Scaramucci says Bitcoin (BTC) could soar to a $15 trillion market cap, a massive 2,662% despite recent regulatory hurdles and market tightening factors.

Solana Foundation, the nonprofit organization behind the layer-1 blockchain Solana, has joined the largest free trade zone in the UAE – the Dubai Multi Commodities Centre (DMCC) – as an ecosystem partner, to tap into the Web3 value in Dubai.

According to a new study, cryptocurrency adoption grows in Latin America as users leverage digital assets to offset currency devaluations and inflation.

The Autorité de Contrôle Prudentiel et de Résolution (ACPR), a body within the French Central Bank published a summary of the public consultation it held on decentralized finance (DeFi).

Tether, the company behind the largest stablecoin by market capitalization, has appointed Paolo Ardoino to serve at the helm as the company plans new operations.

Blockchain gaming numbers were affected by the wider bear market leading many observers to criticize the existing models and the utility of most projects.

Hotter-than-expected US Consumer Price Index (CPI) inflation numbers did little the shift sentiment in the crypto market on Thursday.

Volumes in major crypto trading platforms in India have seen a hit following the high taxes imposed by the government. However, the progress that the country is making in bringing in regulations for this asset class has given hope to service providers such as CoinSwitch to see phenomenal growth in the crypto market. «The sunny side view is that India has made progress on crypto regulations with standards and rules on AML-CFT, data reporting and more. These standards enhance the transparency in the Indian crypto ecosystem, and provide an opportunity for the government to relook at the TDS rate,» Ashish Singhal, Co-founder and CEO of CoinSwitch, told ETMarkets in an interview. While trading volumes in crypto have recovered in 2023 from the sharp drop in 2022, pain pressures still seem to exist. How have volumes been on your platform so far this year? While there has been a recovery in the trading volumes since the beginning of this year, they have not touched the levels we saw in early 2022. This is a reflection of the continued uncertainty in the global macroeconomic outlook as well as India-specific headwinds such as the high TDS. The sunny side view is that India has made progress on crypto regulations with standards and rules on AML-CFT, data reporting and more. These standards enhance the transparency in the Indian crypto ecosystem, and provide an opportunity for the government to relook at the TDS rate. This would be in line with the spirit of G20 discussions on crypto, which is to arrive at a global standard.

The European Securities and Market Authority (ESMA) has released a report on the development of decentralized finance (DeFi) and the risk posed by growing adoption.

Wednesday, October 11th, 2023 – New top meme coin Wall Street Meme’s has completed a one million $WSM buyback, pushing the price up 32% to $0.048 as it launches a community ‘short squeeze’ campaign reminiscent of the GameStop meme stocks phenomenon.

The e-naira continues to generate controversy on its adoption rate, use cases, and more recently, claims by some observers on the threat it poses to the economy.

Bitcoin (BTC) miner Hut 8 produced 111 BTC in September without any sales to fund its operations as it prepares for the next halving.

Binance CEO Changpeng Zhao's plan to rescue the cryptocurrency market has fallen short of expectations eleven months after launch.

Cardano’s founder Charles Hoskinson has compared the embattled co-founder of FTX to infamous ponzi scheme boss, Bernie Madoff.

Crypto exchange behemoth Binance has launched a dedicated domain for British users to comply with the UK Financial Conduct Authority's (FCA) new Financial Promotions Regime, effective October 8.

The director of the Consumer Financial Protection Bureau (CFPB) disclosed that the agency is considering transplanting e-banking laws to digital assets. 

Bitcoin miner, Marathon Digital (MARA) increased its monthly production hash rate by 20%, recording an uptick in share prices amid an uncertain crypto market.

Federal judge Analisa Torres rejected a motion filed by the Securities and Exchange Commission (SEC) seeking to appeal its loss against Ripple Labs on October 3.

The Bank for International Settlements (BIS) and four European central banks have rolled out a Proof-of-Concept (PoC) system to track the global flow of cryptocurrency assets. 

Sam Bankman-Fried is set to go on trial on Tuesday on fraud and conspiracy charges related to the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded and led.