News

Tornado Cash Developer Gets 5+ Years for Crypto Laundering

Discover the implications of the Dutch court's decision to sentence Tornado Cash developer Alexey Pertsev to over five years in prison, sparking widespread concern and debate within the cryptocurrency community.

Yagyesh Jaiswal

Crypto developer Alexey Pertsev has been sentenced to over five years for laundering $1.2 billion, causing uproar among crypto advocates who see this as a threat to privacy and innovation.

Major Institutional Investments Surge into Bitcoin ETFs

Discover how major institutions like the State of Wisconsin Investment Board and Titan Global are leading the charge in Bitcoin ETF investments, marking a significant turn in institutional engagement with cryptocurrencies.

Yagyesh Jaiswal

Major institutions are increasingly investing in Bitcoin ETFs, with significant purchases by the State of Wisconsin Investment Board and Titan Global, highlighting a trend towards broader institutional acceptance of cryptocurrencies.

Roaring Kitty Ignites Meme Coins and GameStop Rally

Keith Gill's return sparks a surge in GameStop stock and meme coins, signaling potential shifts in the financial market landscape influenced by prominent social media figures.

Yagyesh Jaiswal

Keith Gill, also known as Roaring Kitty, returns to social media, triggering significant spikes in GameStop stock and meme coins, reflecting his continued influence in the financial markets.

Coinbase Withdrawal Glitches Persist Despite Resolution Claims

Coinbase users report ongoing withdrawal issues despite the platform's claims of resolving a major outage, affecting confidence and Bitcoin prices.

Yagyesh Jaiswal

Coinbase users continue to face withdrawal problems following a system-wide outage, despite official statements declaring the issue resolved. The ongoing issues have influenced Bitcoin's market price and raised concerns about the platform's reliability.

ETH-Based StableCoin Deposit Drop Could Mean Trouble For BTC

A recent sharp decline in deposits of stablecoins to exchanges may signal less demand to buy volatile cryptocurrencies like Bitcoin, which could put downward pressure on prices.

Yagyesh Jaiswal

Analysis of on-chain data showing reduced stablecoin deposits to exchanges explains why this trend may imply less buying pressure for Bitcoin and other cryptocurrencies, possibly dampening their price rallies. With stablecoin demand to trade for other digital assets appearing to wane, a bearish outlook for the top cryptocurrency emerges.

China Takes Down $295M Crypto Underground Banking Ring

Chinese police have arrested six suspects involved in an illegal underground banking operation that facilitated foreign exchange between Chinese Yuan and South Korean Won worth $295 million using cryptocurrency.

Yagyesh Jaiswal

Authorities in China busted a large-scale underground banking ring exploiting cryptocurrency anonymity to covertly facilitate cross-border currency exchanges between China and South Korea totaling billions in transactions. Loopholes exploited by such operations and China's ongoing efforts to regulate cryptocurrency are also examined.

Crypto Scammer Returns Millions for Bounty

Discover how a victim's strategic bounty offer led to the recovery of millions in stolen cryptocurrency, highlighting a rare negotiation success in the crypto world.

Yagyesh Jaiswal

After losing $70.5 million in crypto to a scammer, a trader successfully recovers half by offering a 10% bounty, showcasing a unique resolution in cryptocurrency theft.

Major Banks Disclose Bitcoin ETF Holdings

Discover how major banks like JP Morgan and Wells Fargo are embracing Bitcoin through investments in ETFs, marking a significant trend in the traditional financial sector's approach to digital assets.

Yagyesh Jaiswal

JP Morgan and Wells Fargo report investments in Bitcoin ETFs, signaling growing interest from traditional financial institutions in cryptocurrency as a viable asset class.

Binance Bribery Claims Weakens Foreign Investment in Nigeria

Nigeria risks deterring foreign investment if issues around Binance executives' detention are not resolved promptly and transparently.

Yagyesh Jaiswal

Unless addressed carefully, the bribery claims surrounding Binance officials' arrest could damage Nigeria's efforts to attract much-needed investment abroad. A fair investigation is crucial to reassure potential backers.

El Salvador Unveils Its BTC Holdings Worth $360 Million

Discover El Salvador's recent revelation of its Bitcoin treasury holdings, totaling over 5,700 BTC worth around $360 million. Key details on transaction history, profit/loss, and the country's ongoing Bitcoin acquisition strategy are explored.

Yagyesh Jaiswal

El Salvador has revealed the current size of its Bitcoin treasury, totaling over 7,000 BTC after steadily purchasing through bear market volatility in 2023. With a dollar cost average under $50,000, the nation has already locked in over $100 million in profits from its Bitcoin strategy.

Binance Faces Scrutiny Over $300M Wash Trading Investigation

Binance fired its top investigators after they alleged that one of its VIP clients, DWF Labs, conducted $300 million in potential wash trades that manipulated cryptocurrency prices. This sparks questions about the exchange's market oversight.

Yagyesh Jaiswal

The firing of Binance's monitoring team after alleging market manipulation by a key client has brought serious regulatory concerns. Both sides have denied wrongdoing while regulators watch closely as the investigation continues.

Crypto Scammer Returns Over $34M After Victim's Unique Offer

A notorious crypto thief has started returning over $34 million worth of stolen funds to the victim after the victim proposed a 10% bounty if the stolen assets were given back.

Yagyesh Jaiswal

By creatively proposing a bounty, one crypto hack victim was able to turn the tables on their attacker and regain the majority of the stolen funds, a remarkable outcome from what could have been a total loss. Offering incentives may prove an effective strategy for other victims to explore.

Hoskinson Critiques Biden's Crypto Stance

Cardano founder Charles Hoskinson accuses the Biden administration of attempting to suppress the US crypto industry, highlighting a significant political issue ahead of the 2024 elections.

Yagyesh Jaiswal

Charles Hoskinson claims the Biden administration is undermining the cryptocurrency industry, a move that could sway crypto holders' votes in the upcoming elections.

Marathon Digital's Q1 2024 Earnings Hit Record High

Marathon Digital Holdings reports a record $337.2 million net income in Q1 2024, with significant growth in revenue and Bitcoin mining output, positioning it as a leader in the crypto mining industry.

Yagyesh Jaiswal

Marathon Digital Holdings achieves a record $337.2 million net income in Q1 2024, marking substantial year-over-year growth in both revenue and Bitcoin mining output.

Swing State Voters Favor Crypto-Savvy Politicians

Survey reveals swing state voters favor politicians who support cryptocurrency, reflecting widespread dissatisfaction with the traditional financial system and interest in digital assets.

Yagyesh Jaiswal

Swing state voters prefer crypto-friendly politicians, driven by dissatisfaction with the traditional financial system and a positive outlook on cryptocurrencies’ potential for financial security.

Crypto Trading Volume Drops to $6.58T after 7 Months Up

April saw the first decline in crypto trading volume in seven months as geopolitical issues and exchange shifts dampened activity.

Yagyesh Jaiswal

After hitting repeated highs, cryptocurrency markets saw trading cool off in April from escalating world tensions, U.S. listing changes, and an overheated bull trend facing challenges. Exchanges like Binance also saw first drops, though it remained the top platform.

FTX Bankruptcy Vows Full Creditor Recovery

FTX unveils a new bankruptcy plan promising over 100% recovery for non-governmental creditors, amidst diverse reactions concerning asset valuation and fairness in settlements.

Yagyesh Jaiswal

FTX's latest bankruptcy plan proposes full recovery and interest for creditors but faces scrutiny over asset valuations and terms. The plan includes significant payouts to regulatory bodies amidst mixed creditor reactions.

BTC Price Bounce Fuels Bullish Calls to Six Figures

Bitcoin's recent price rise has crypto options traders reconsidering the possibility of BTC hitting $100k by end of 2024 amid renewed calls for $75k and $100k strikes.

Yagyesh Jaiswal

The resurgent Bitcoin price and dovish Fed comments have crypto bulls feeling confident that $100k remains achievable this year, with options data showing growing interest in calls targeting high strikes into mid-2024. Technical analysts also point to factors supporting the case for further upside.

LocalMonero Shuts Down After 7 Years

The popular peer-to-peer Monero exchange LocalMonero announced it is closing down, dealing another blow to crypto privacy. Learn more about the reasons for the shutdown and what it means for the Monero ecosystem.

Yagyesh Jaiswal

In the ongoing battle between crypto privacy and regulators, LocalMonero is the latest casualty. However, the Monero community remains resilient with promising new tech on the horizon that could help preserve financial privacy on the blockchain.

FTX Bankruptcy Plan Aims for Full Creditor Payback

FTX unveils a new bankruptcy plan promising over 100% recovery for non-governmental creditors, amidst diverse reactions concerning asset valuation and fairness in settlements.

Yagyesh Jaiswal

FTX's latest bankruptcy plan proposes full recovery and interest for creditors but faces scrutiny over asset valuations and terms. The plan includes significant payouts to regulatory bodies amidst mixed creditor reactions.

Swing State Voters Favor Crypto-Friendly Politicians

Survey reveals swing state voters favor politicians who support cryptocurrency, reflecting widespread dissatisfaction with the traditional financial system and interest in digital assets.

Yagyesh Jaiswal

Swing state voters prefer crypto-friendly politicians, driven by dissatisfaction with the traditional financial system and a positive outlook on cryptocurrencies’ potential for financial security.

Coinbase Sued for Alleged Securities Violations

Coinbase is hit by a class-action lawsuit from six users alleging that the exchange lists digital assets as securities, potentially violating state securities laws.

Yagyesh Jaiswal

Coinbase faces a class-action lawsuit from six users alleging the platform violated securities laws by listing digital assets that qualify as securities, complicating its ongoing legal battles with regulatory authorities.

Bitcoin Network Hits 1 Billion Transactions Milestone

The Bitcoin blockchain network achieved a new milestone, processing its one-billionth transaction on May 5, 2024. This showcases Bitcoin's incredible growth over the past 15 years.

Yagyesh Jaiswal

Reaching 1 billion transactions firmly cements Bitcoin as a leading financial network. While still early, all signs point to further adoption in the coming years as institutions embrace cryptocurrency.

BTC-e Co-founder Pleads Guilty To Laundering $9 Billion

Alexander Vinnik, the co-founder of now-defunct cryptocurrency exchange BTC-e, has pleaded guilty to charges related to operating the platform and enabling billions in criminal money laundering activities.

Yagyesh Jaiswal

Vinnik has finally admitted guilt in the BTC-e criminal conspiracy case, which saw the exchange process over $9 billion for cybercriminals between 2011 and 2017 without any money laundering controls. He now awaits sentencing as the US DOJ continues its efforts to curb illicit cryptocurrency behavior.

Coinbase Sued Again Over Securities Allegations

A new class action lawsuit has been filed against Coinbase alleging the crypto exchange knowingly sold unregistered securities violating state laws.

Yagyesh Jaiswal

This latest lawsuit claims several tokens sold on Coinbase such as SOL, MATIC, NEAR and others are securities, meaning Coinbase operated as an unlicensed broker-dealer. It remains to be seen how the court will view these allegations.