Gotbit Founder Pleads Guilty—$23M in Crypto Forfeited in US Fraud Crackdown
Russian national and Gotbit founder, Alex Andryunin, has entered into a plea agreement with US prosecutors in connection to charges of wire fraud and cryptocurrency market manipulation. The agreement, signed with the US Attorney for the District of Massachusetts, requires Andryunin to forfeit approximately $22.9 million in stablecoins—$18.7 million...
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Crypto service providers eye Indian market as India signals shift in crypto regulation
As India signals a recalibration of its crypto policies, crypto service providers are targeting the Indian market. As national jurisdictions are changing their stance on crypto, led by Donald Trump’s pro-crypto agenda, India is starting to recalibrate as well. Although…...
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Bitcoin ETFs reduced volatility, while altcoins still face wild swings, analysts note
The unexpected rise in Bitcoin’s institutional adoption through exchange-traded funds has transformed crypto cycles, analysts say. While spot Bitcoin (BTC) exchange-traded funds have made BTC more stable by turning it into an asset class that institutions can invest in, altcoins…...
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Trump Looks to Reform USAID With Blockchain Tech – Best Altcoins to Ride the Hype
The Trump administration has proposed using blockchain tech to advance the US Agency for International Development (USAID), a US government agency that supports global developments, humanitarian assistance, and democratic values – and it’s casting a light on the best altcoins. The proposal comes after Trump and Elon Musk reduced...
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Restaking protocol Zoth exploited, attacker drains $8.4m
Decentralized protocol Zoth was hit by a hack through a compromised contract, and the attacker made off with more than $8 million, quickly turning it into DAI. Zoth, a restaking protocol backed by Borderless and Blockchain Founders Fund, has reportedly…...
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Hong Kong’s IDA partners with Japanese firms to build stablecoin cross-border remittance service
Hong Kong digital asset company, IDA Finance teams up with Japanese banking group Progmat and other firms to develop a stablecoin remittance service between the two regions. According to a recent press release, IDA and Progmat Inc will also be…...
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Here’s What it Will Take for Cardano (ADA) to Surge to $2: Analyst
TL;DR ADA has been struggling for the past few weeks and even on a monthly scale, but there’s a chance it could skyrocket to $2 under certain conditions, said a renowned analyst. The Cardano ecosystem and its native token have seen a substantial uptick in social sentiment lately, which...
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Crypto Daybook Americas: Bitcoin Set for Worst Q1 Since 2020 as Trump Approaches 100 Days
By James Van Straten (All times ET unless indicated otherwise) With just over a week to go until the end of March, the first quarter has been disappointing, particularly in terms of price action rather than narrative for the crypto industry. Bitcoin (BTC) has dropped 10%, its worst first-quarter...
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Hotter-Than-Expected Core Inflation in Japan Sparks Rate Hike Talk, Threatens Crypto
Just when it appeared that the yen scare could be easing, Japan has reported an uptick in core inflation. Data released early Friday showed Japan’s core inflation, which stripes out prices for fresh food, rose 3% year-on-year in February, moderating from January’s 3.2% but beating the consensus forecast for...
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Bitcoin speculative appetite declines as investors seek safety
Speculative appetite is vanishing from the crypto markets, as investors are looking for safer digital asset investments following the recent wave of memecoin scams and macroeconomic uncertainty. Bitcoin’s hot supply metric, which measures the Bitcoin (BTC) aged one week or less, is down over 50%, from 5.9% at the...
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