Crypto ETP markets are showing signs of stabilizing after weeks of heavy selling, as outflows slowed while trading activity reached new highs. Data from CoinShares and other industry trackers indicate that investors continued to pull money from crypto exchange-traded products, but…
Will South Korea tighten crypto rules after $40bn Bithumb slip?
South Korea is moving toward stricter oversight of digital assets after a major mishap at local cryptocurrency exchange Bithumb exposed weaknesses in trading systems and regulatory safeguards. The Financial Supervisory Service (FSS) and other authorities are using the incident, which involved an…
How will Tether manage 150 new hires and $1bn+ investments?
Tether, issuer of the world’s largest stablecoin, is intensifying its global expansion as it channels growing profits into new hires, technology initiatives, and a broad set of strategic investments, according to a recent Financial Times report. The push comes amid…
Is Jack Dorsey’s Block cutting 10% staff after $5B buyback?
Block Inc., the fintech company led by jack dorsey and known for Cash App, Square and Afterpay, is preparing another round of job reductions as part of a wider restructuring. The planned cuts, which could affect as much as 10%…
How did teen crypto theft suspects chase $66 million across states?
A recent violent home invasion in Arizona highlights how crypto theft is moving from online exploits to physical attacks. Two high school students from California now face felony charges after allegedly traveling hundreds of miles to target a Scottsdale family they believed…
Is Brazil algorithmic stablecoin ban worth 90% market impact?
Brazil is advancing new rules that would sharply restrict algorithmic stablecoins and reshape how the country regulates cryptocurrencies tied to fiat money. A congressional committee has backed legislation that sets strict backing, transparency, and criminal liability standards for issuers, while also imposing…
Bithumb To Fund $9 Million Loss and 10% User Compensation?
South Korean cryptocurrency exchange bithumb is under scrutiny after a major payout mistake during a promotional event led to tens of billions of Korean won being sent in Bitcoin instead of small cash rewards. The company has pledged to absorb $9…
How did $24.9 million vanish from U.S. Marshals Service wallets?
In early 2024, a hacker drained roughly $24.9 million in cryptocurrency from wallets overseen by the U.S. Marshals Service, prompting scrutiny of how the agency manages digital assets. The breach, which targeted government-controlled wallets linked to a newly created federal bitcoin…
Did Bithumb glitch push Bitcoin to $55k on its exchange?
South Korean cryptocurrency exchange Bithumb reported that a system malfunction during a promotional payout on Friday caused an unintended allocation of Bitcoin to some customers, briefly sending prices on its platform sharply lower. The company said the incident stemmed from a configuration error…
Is China banning all yuan stablecoins and offshore tokens?
China moved on Friday to reinforce its long-standing opposition to private digital currencies, unveiling new measures aimed at tightening control over virtual assets and yuan-linked stablecoins. The latest announcement, published on the central bank’s website, reiterates that cryptocurrency-related business remains outlawed,…