Peer-to-peer virtual asset trading platform Paxful has been sentenced to pay a $4 million criminal penalty after pleading guilty to multiple federal offenses, according to an official press release from the US Department of Justice. The sentence follows Paxful’s admission that it conspired to promote illegal prostitution, violated the Bank Secrecy Act, and knowingly transmitted […]
Bitcoin (BTC) fell to about $60,000 on February 5 after sliding roughly 50% from its peak near $126,000, according to the latest market note from Binance’s research arm. The report argues that, compared with prior cycles, the scale and structure of the decline suggest a market shaped more by institutional capital and macro forces than […]
The U.S. Commodity Futures Trading Commission (CFTC) has selected several cryptocurrency executives to serve on its newly created Innovation Advisory Committee (IAC). This development comes as the agency, led by Chair Michael S. Selig, continues to indicate that his administration plans to adopt a more permissive approach to regulating the digital asset industry. IAC Appointee […]
Israeli authorities have indicted an Israel Defense Forces (IDF) reservist and a civilian for allegedly using classified military information to place bets on the popular prediction market platform Polymarket. According to The Times of Israel, Israeli authorities have indicted an IDF reservist and a civilian on suspicion of exploiting classified military information to place bets […]
Prosecutors in the U.S. state of Ohio have issued a public warning urging Americans to watch for romance scams tied to cryptocurrency as they celebrate Valentine’s Day. The alert drew attention to a rise in emotionally driven fraud cases where victims are persuaded to send digital assets after forming online relationships. Federal Warning Outlines Latest […]
Aggregated funding rate data across major cryptocurrency exchanges revealed that the current wave of short positioning is the most extreme since August 2024, a period that coincided with a major bottom for Bitcoin, according to new analysis from Santiment. At that time, funding rates sank deeply into negative territory as traders overwhelmingly positioned for further […]
Around 38,000 Bitcoin options contracts will expire on Friday, Feb. 13, with a notional value of roughly $2.5 billion. This event is a little larger than last week’s expiry. Crypto markets remain in bear market territory, losing around $125 billion since the start of the week, as sentiment plunges and the retail and institutional exodus […]
Crypto lender BlockFills has temporarily suspended client deposits and withdrawals in response to recent market volatility and financial conditions, according to an official statement released by the firm. The decision was taken last week as a protective measure for both clients and the company. Suspending Client Transfers According to the official announcement, BlockFills said that […]
Banks and crypto executives met again at the White House this week to settle a dispute over stablecoin rewards, but the talks ended without agreement ahead of a March 1 deadline set by the administration. The standoff centers on whether crypto firms can offer yield on dollar-pegged tokens without draining deposits from traditional banks. White […]
XRP is trading at $1.37, down nearly 15% over the past week and 33% in the last 30 days, as bearish sentiment continues to weigh on the Ripple token. However, a widely followed analyst says the monthly chart is showing a long-term ascending channel with support at $0.85–$0.95, a zone he believes could mark the […]