Uncategorized Archives - Page 7 of 136

FridayApr 04, 2025 9:00 am

Trump Tariffs Rattle Crypto Market, $130 Billion Wiped Out

Last week, the cryptocurrency market saw a sharp decline, shedding more than $130 billion in value as investors braced for the impact of new tariffs introduced by U.S. President Donald Trump. The measures, tagged “Liberation Day,” are set to take effect this week and will raise duties on a wide range of imported products. Bitcoin felt the pressure of economic uncertainty, slipping below the $82,000 mark. The digital currency has now lost seven days in a row, mostly due to worries over the wider ramifications of Trump’s trade plans. The concurrent drop in stock futures in the U.S. has only…

ThursdayApr 03, 2025 9:00 am

How Crypto Hackers Are Exploiting Small Mistakes Dubbed Typosquatting

As cryptocurrencies gain mainstream traction, cybercriminals continue to develop new tactics to exploit unsuspecting users. One increasingly common tactic is typosquatting, also known as domain mimicry or URL hijacking. This deceptive practice involves cybercriminals registering domains that closely resemble legitimate cryptocurrency platforms, tricking users into visiting fake websites. These fraudulent sites often lead to stolen credentials, malware infections, and financial losses. For example, someone intending to visit “coinbase.com” might accidentally type “coinbsae.com,” unknowingly accessing a fraudulent site that mimics the original. The fraudulent pages often prompt users to enter login details or private keys, putting their assets at risk. Some…

TuesdayApr 01, 2025 9:00 am

DOJ Wants Gotbit to Forfeit Crypto Worth $23m After Guilty Plea

The Justice Department (DOJ) announced on March 27 that it was seeking to recover roughly $23 million in crypto assets after crypto financial service firm Gotbit and its CEO and founder, Aleksei Andriunin, pleaded guilty to financial misconduct. The legal action follows a criminal case in which a federal court in Boston accepted Gotbit’s acknowledgment of manipulating cryptocurrency trading activity. The company, operating as a market maker in the crypto asset industry, was accused of creating fake trading volumes to deceive investors about market demand and liquidity. As part of its agreement with the DOJ, the firm agreed to relinquish…

FridayMar 28, 2025 9:00 am

Crypto Debanking Could Persist Until Early 2026, Expert Says

Despite recent positive regulatory moves, the U.S. crypto industry may still be struggling with banking restrictions, according to industry insiders and experts. Concerns about banks cutting ties with crypto firms resurfaced after several crypto-friendly institutions collapsed in 2023. Some critics contended that this was part of a larger government initiative—Operation Chokepoint 2.0—to coerce banks into cutting ties with crypto companies. While President Donald Trump has made several crypto-friendly decisions, such as the March 7 executive order to create a national Bitcoin reserve using seized assets, industry leaders say that banking challenges persist. Custodia Bank CEO Caitlin Long warned that it’s…

ThursdayMar 27, 2025 9:00 am

Acting SEC Chairman Rejects Enforcement, Prefers Rulemaking for Cryptos

On March 21, Acting U.S. SEC Chair Mark T. Uyeda led the first session of the commission’s Cryptocurrency Task Force roundtable in Washington, D.C. During the event, he emphasized the need for the SEC to adopt formal rulemaking rather than relying on enforcement actions to regulate digital assets. Addressing legal experts, regulators, and industry stakeholders, Uyeda highlighted the importance of establishing clear guidelines through proper regulatory procedures. He pointed out that issuing official rules orwA explanatory releases would have bwween a more effective way to classify digital assets under securities laws rather than using enforcement as the primary tool. His…

TuesdayMar 25, 2025 10:00 am

US SEC Hosts Cryptocurrency Taskforce Roundtable as President Trump Mulls Regulatory Overhaul

The U.S.SEC convened its crypto task force for the first time in a public setting on Friday, bringing together crypto experts to discuss how existing securities laws relate to digital assets. The discussion took place as the Trump administration pushes for a major shift in crypto regulation. Key figures at the roundtable included former SEC Commissioner Troy Paredes, former head of the agency’s Office of Internet Enforcement John Reed Stark, and Andreessen Horowitz’s cryptocurrency division lead counsel Miles Jennings. Leading the initiative is SEC Commissioner Hester Peirce, who is spearheading efforts to create clearer regulatory guidelines for the crypto sector.…

FridayMar 21, 2025 9:00 am

Crypto Outflows Hit $6.4bn as Long Holdings Pile Up

Cryptocurrency exchange-traded funds (ETFs) continued to experience outflows last week, with investors pulling out $1.7 billion, according to CoinShares’ latest report. Over the past five weeks, total outflows have reached $6.4 billion. Despite this trend, data from CryptoQuant indicates that long-term crypto investors are still accumulating Bitcoin (BTC), even as the market faces corrections. The Coinshare report also highlighted a sharp decline in assets under management (AUM) for crypto products. From a peak of $134 billion in 2024, AUM has now dropped to $48 billion, underscoring the impact of the sustained withdrawals. In terms of regional data, the United States…

ThursdayMar 20, 2025 9:00 am

The Triumphant Cryptocurrency Industry is Now Going After the US SEC

The crypto industry recently faced intense scrutiny from the SEC but ultimately emerged victorious. Now, key figures in the crypto world are turning their attention to the regulator, pushing back in various ways. With the political landscape shifting after Donald Trump’s election, partly due to substantial financial backing from the crypto sector, industry leaders are flexing their newfound influence. They are calling for accountability from the regulator and even seeking retribution for past regulatory actions. Ripple’s legal chief, Stuart Alderoty, and Coinbase CEO Brian Armstrong are encouraging firms to steer clear of law offices that hire former SEC employees involved…

TuesdayMar 18, 2025 9:00 am

Sources Say Russia is Leveraging Crypto to Conduct Oil Trade

Russia has turned to crypto for oil transactions with India and China to bypass Western sanctions, per sources familiar with the matter. Although Russia legalized crypto for international trade last summer, its role in oil deals had not been widely reported until now. Some Russian oil firms are leveraging Bitcoin, Ethereum, and stablecoins like Tether to facilitate currency conversions between the Russian ruble, Chinese yuan, and Indian rupee. While this practice accounts for a small portion of the overall trade, it is reportedly expanding. The International Energy Agency estimates that Russia’s oil trade was valued at $192 billion last year.…

FridayMar 14, 2025 9:00 am

Fear Index Reading Still High as Crypto Market Grapples with Shifting Realities

Understanding the ever-changing landscape of crypto involves more than just tracking price fluctuations. Investor sentiment plays a crucial role in shaping market movements, and the Crypto Fear and Greed Index is a well-known tool that measures emotional trends within the crypto community. Although the index has seen a slight rise, extreme fear still reigns. The index had a score of 24 on March 11, up four points from the day before. Even though this increasing trend may appear encouraging, the index is still firmly in the zone of “Extreme Fear.” This indicates that investor fear and uncertainty continue. The key…