Cryptocurrency News

U.S. senators Elizabeth Warren and Bill Cassidy have urged the Department of Justice (DOJ) and Department of Homeland Security (DHS) to double down on their efforts to combat crypto use in the market for child sex abuse material (CSAM). In…

A new scam is targeting users via physical transactions involving USDT, exploiting a modified remote procedure call (RPC) function on Ethereum nodes. As per a report by security firm Slowmist on April 26, the scam is designed to deceive unsuspecting…

Marathon Digital has revised its 2024 hash rate goal upwards from 35-37 exahashes per second (EH/s) to 50 EH/s following recent acquisitions that expanded its capacity. Per an April 25 press release, Marathon’s CEO, Fred Thiel, said that the firm…

CryptoQuant CEO Ki Young Ju has voiced support for the founders of Samourai Wallet after their indictment by the U.S. Department of Justice for allegedly running a crypto mixing service implicated in laundering nearly $100 million. Ju has defended the…

Social media influencer Jabara Igbara, commonly known as Jay Mazini, was sentenced to seven years in prison for stealing over $8 million from Muslims via a crypto fraud scheme.

Banking giant Morgan Stanley could soon allow its 15,000 brokers to pitch Bitcoin exchange-traded funds (ETF) to their customers. According to an AdvisorHub report citing executive sources, the bank has only offered these options on an unsolicited basis, meaning that…

a16z crypto’s CTO, Eddy Lazzarin, warns that memecoins are reshaping perceptions of the market, likening their resemblance to a risky casino. Memecoins are more akin to a “risky casino” than to a useful product, as they badly affect the crypto…

The cryptocurrency market has witnessed over $210 million worth of liquidations across the board, with long positions accounting for 85% of this bloodbath amid the latest market turmoil. Data from crypto analytics resource Coinglass confirms that market participants have suffered…

Crypto-asset service providers (CASPs) will now be monitored by the government according to new laws passed by the European Parliament. Approved on April 24, the new law aims to improve “due diligence measures and identity checks” for consumers. The framework encompasses all entities…

BlackRock iShares Bitcoin Trust (IBIT) has seen its first day of $0 inflows since Bitcoin ETFs were launched in the United States in January. Since its start on Jan 11, IBIT has continuously drawn millions of dollars in daily investments,…

The global cryptocurrency market witnessed a notable decline while data from Santiment shows that the majority of the tokens are in the opportunity zone. According to data from CoinGecko, the global crypto market cap plunged by 4.1% in the past…

Two sources familiar with the matter say that the defunct cryptocurrency exchange FTX is looking to auction off the remainder of its Solana (SOL) token holdings. Speaking to Bloomberg, the sources revealed that a “blind auction” is set to be…

Regulators in the United States are seeking $5.3 billion in fines from Terraform Labs and its co-founder, Do Kwon, following a verdict in its civil case. According to an April 19 filing with the U.S. District Court for the Southern…

YIEDL, an AI-based crypto trading platform, is the latest target of a security breach, with hackers leveraging the opportunity to steal $157,000 worth of several crypto assets across multiple transactions. According to blockchain security platform Cyvers, the attackers exploited a…

Indonesia and Australia’s tax officials signed an agreement in Jakarta on April 22 to establish a crypto information-sharing framework. This agreement, unveiled on April 23, aims to improve the identification of assets that may be taxed in either country. It…

Deutsche Bundesbank president Joachim Nagel reaffirmed Eurosystem’s inability to identify individuals through CBDC payments, highlighting minimal data visibility. The Eurosystem wouldn’t be able to identify people based on their payments with central bank digital currencies (CBDCs), as it would see…