Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions. The United States has seen record Bitcoin activity since the launch of spot BTC exchange-traded funds (ETFs). However, stablecoin adoption in the US has slowed in 2024 compared to global markets, according to...Continue Reading

Ireland’s finance minister wants to act quickly before the EU enacts strict Anti-Money Laundering legislation. Ireland is preparing to draft new “urgent” cryptocurrency regulations ahead of upcoming European Union Anti-Money Laundering and terror financing legislation. Ireland’s Finance Minister, Jack Chambers, told the cabinet that urgent legislation would be drafted to update crypto regulations before the...Continue Reading

Hong Kong police arrested 27 people it accused of running an AI deepfake crypto scam operation from a 4,000-square-foot industrial building in the region. Hong Kong police have busted an alleged scam center and arrested 27 people accused of using artificial intelligence deepfakes to carry out a crypto romance investment scam that defrauded victims more...Continue Reading

Ilya Lichtenstein, who stole 120,000 Bitcoin in a 2016 hack on the Bitfinex, should receive a reduced sentence of five-years in prison, prosecutors say.  United States prosecutors are pushing for the man who admitted to stealing 120,000 Bitcoin from crypto exchange Bitfinex in 2016 to serve five years behind bars. In an Oct. 15 filing,...Continue Reading

Ancilia accidentally shared a link to a wallet drainer in its attempt to help victims of the $52 million hack on blockchain lending protocol Radiant Capital. Crypto security firm Ancilia has landed itself in hot water after it accidentally shared a link pointing to a crypto wallet drainer in an attempt to aid users who...Continue Reading

Game developer Fracture Labs accused Jump Trading of using its DIO token to profit millions from a “pump and dump” scheme. Crypto game developer Fracture Labs has sued Jump Trading, accusing the firm of using its DIO gaming token to operate a “pump and dump” scheme.  In the Oct. 15 suit filed in an Illinois...Continue Reading

The Donald Trump-backing PAC “Trump 47” has seen millions in crypto-denominated contributions from industry executives since July. A political action committee (PAC) supporting Donald Trump has raised $7.5 million in cryptocurrency to support his United States presidential election bid. The “Trump 47” PAC raised millions in Bitcoin (BTC), Ether (ETH), XRP (XRP), and stablecoins Tether...Continue Reading

Bitcoin and low-cap, high-risk memecoins led the crypto market in the third quarter leading venture capitalists to overlook mid-tier projects. Crypto venture capital funding fell 20% to $2.4 billion over the third quarter, driven by a “barbell market” where Bitcoin and high-risk memecoins led, leaving mid-tier projects seeking funding overlooked, says Galaxy Digital. The funding...Continue Reading

Some of the “key goals” of The Surge are to achieve over 100,000 TPS across Ethereum and its layer 2s and to increase interoperability, says Vitalik Buterin. Ethereum co-founder Vitalik Buterin has outlined key goals for the Ethereum blockchain in the next step of its roadmap, dubbed “The Surge.” In a technical Oct. 17 blog...Continue Reading

Almost a third of surveyed respondents believe that Bitcoin will break through $100,000 by the end of the year. A new report from Aspen Digital estimates that 76% of private wealth in Asia has already dabbled in digital assets, with an additional 18% planning future investments.  Interest in digital assets within Asia’s private wealth sector...Continue Reading