A former crypto CEO in the United States has received a 20-year federal prison sentence for running a $200 million Bitcoin fraud and Ponzi scheme, marking one of the most severe penalties handed down in a recent digital asset case. The ruling…
Mirae Asset to take 92% control of Korbit in Korea deal
South Korea’s Mirae Asset financial group is moving to take control of Korbit, one of the country’s five major cryptocurrency exchanges, in a deal that underlines the growing overlap between traditional finance and digital asset platforms. The planned acquisition comes as lawmakers…
Bitcoin ETFs see $410.4 million outflows in volatile trading
Spot bitcoin ETFs recorded another sharp setback on Thursday, with combined outflows of $410.4 million underscoring growing unease among institutional investors. The latest withdrawals extend a turbulent two-week period in which the funds have lost nearly $1.5 billion, according to data reviewed…
Coinbase Q4 revenue down 22%, posts $667M net deficit.
Coinbase reported weaker fourth-quarter results as last year’s retreat in Bitcoin from record levels weighed on trading activity and investment values. The San Francisco-based crypto exchange released figures showing lower revenue, a sharp swing to loss, and continued sensitivity to broader market…
Do Ethereum investors see $72B staking as risk or trust?
Ethereum investors are facing a mixed landscape as the network reaches a major staking milestone amid a deep market downturn. New data from ValidatorQueue shows that more than 30% of Ethereum’s circulating supply is now locked in staking, signaling strong…
BlockFills suspends withdrawals amid Bitcoin price slide
Crypto liquidity provider and lender BlockFills has suspended client deposits and withdrawals as bitcoin prices retreat, underscoring the broader impact of the latest downturn across digital asset markets. The Chicago-based firm, which serves institutional customers worldwide, disclosed that the halt began last…
Malaysia’s central bank tests stablecoins for wholesale pay
Malaysia’s central bank is preparing to test new digital money tools that could reshape how payments work in the country and beyond. Bank Negara Malaysia (BNM) plans to explore local currency stablecoins and tokenized deposits through three projects scheduled to run under…
Hong kong moves ahead with first stablecoin license plan
Hong Kong is preparing to grant its first stablecoin licenses as early as next month, signaling another step in the city’s digital asset policy rollout. Financial Secretary Paul Chan Mo-Po outlined the plans on Wednesday at CoinDesk’s Consensus Hong Kong…
Is Robinhood chain ready for developers on Ethereum L2 now?
Robinhood is opening its new Ethereum layer-2 network to outside developers, marking a notable step in the company’s broader push into decentralized finance. Alongside that move, the brokerage has launched a public testnet for Robinhood Chain, giving developers a chance to trial applications…
Bitmine adds $83.6 million in ETH as treasury strategy continues
Bitmine Immersion Technologies expanded its Ethereum position on Monday, adding tens of thousands of ether to its already substantial holdings. The move underscores the company’s ongoing strategy to increase its exposure to Ethereum even as prices remain far below their peak. Data…