Greek maritime risk management firm MARISKS has warned shipping companies about fraudulent messages targeting vessels stranded west of the Strait of Hormuz. In fact, scammers are demanding cryptocurrency payments for “safe passage.” Strait of Hormuz Crisis Unknown actors posing as Iranian authorities have contacted shipowners, requesting transit fees in Bitcoin (BTC) or Tether (USDT) in […]
On Tuesday, Kevin Warsh, Donald Trump’s choice to replace Federal Reserve Chair Jerome Powell, testified before the Senate Banking Committee. He promised to be independent from the White House but did not promise to cut rates right away, leaving market watchers to try and figure out what a Warsh-led Fed would mean for liquidity and […]
Bitcoin Positioning Index climbed to 40.1, while its 30-day simple moving average (SMA-30d) rose to 4.5, which represents a four-month high. At the same time, the 30-day change in open interest (OI) increased by 14.5%, one of the strongest readings recorded over the past 120 days. Both indicators suggest rising risk-taking behavior, as market participants […]
Cybersecurity firm Kaspersky has identified 26 fraudulent cryptocurrency wallet applications on Apple’s App Store that are designed to steal users’ digital assets. The company’s Threat Research team found that the apps imitate popular crypto wallets, such as MetaMask, Ledger, Trust Wallet, Coinbase, TokenPocket, imToken, and Bitpie, by copying their names and visual branding to appear […]
Tensions in the Middle East have cooled after US President Donald Trump revealed that the ceasefire with Iran has been extended. According to the American leader, the government of Iran is “seriously fractured,” while Pakistan has requested a hold on the attacks until such time as their officials can come up with “a unified proposal.” […]
The Attorney General for New York filed a lawsuit against the prediction market arms of Coinbase and Gemini on Tuesday. The claim is that these platforms violate state laws against illegal gambling. According to the petitions filed in the state court in Manhattan, Attorney General Letitia James argues that both Gemini and Coinbase have not […]
There have been hundreds of Bitcoin obituaries. Here are 3 reasons why this XRP obituary will age just as poorly. Earlier this month, an article appeared sowing doubt about XRP’s price on the popular investing website, The Motley Fool. But XRP holders and altcoin investors may not have to worry based on what the article […]
Prediction markets platform Polymarket is in discussions with investors to raise $400 million in fresh funding, which could place its valuation at around $15 billion, according to a report by The Information. The move comes shortly after competitor Kalshi completed a $1 billion funding round that put the company at about $22 billion. The new […]
The fallout from the $293 million KelpDAO exploit over the weekend has spread across the DeFi ecosystem, with Total Value Locked (TVL) across several chains dropping significantly in the last 24 hours. According to data from on-chain analytics platform DeFiLlama, at least 126 of the networks it tracks were in the red, with CosmoHub the […]
Investment products linked to digital assets recorded $1.4 billion in inflows, the largest weekly amount since January and the third straight week of positive movement. CoinShares explained that the trend is likely due to stronger risk appetite during US-Iran ceasefire extension talks and Bitcoin’s rise above $76,000 mid-week, its highest level since the February crash. […]