Texas man in $20M Meta-1 Coin fraud sentenced to 23 years in prison
A Texas man found guilty of helping orchestrate a cryptocurrency scam project that defrauded $20 million from nearly 1,000 investors has been sentenced to 23 years behind bars by a US judge on Tuesday. US District Judge LaShonda Hunt sentenced Robert Dunlap, who served as a trustee of the project that sold the fictional token
US should scrap crypto capital gains tax to fuel competition: Cato
Cato Institute, a US-based think tank, argued that the government should remove capital gains taxes on Bitcoin and other cryptocurrencies to open the door for more currency competition. The capital gains tax (CGT) is discouraging the use of alternative currencies like Bitcoin (BTC) as it incentivizes long-term holding and adds extra burdens to reporting requirements
Bhutan moves $11.8M in BTC from its national stash: Arkham
Bhutan, one of the world’s largest nation-state Bitcoin holders, moved 175 Bitcoin from its main holding address as cryptocurrency markets posted modest gains on Monday. Data from the blockchain analytics platform Arkham shows that the South Asian country moved $11.85 million worth of BTC to an address created a month ago, which previously received 184
US investors consider crypto less as risk-taking drops: FINRA study
FINRA found the number of people invested in crypto was steady from 2021 to 2024, but fewer were considering either buying more or investing for the first time. US investors are not considering buying crypto as much as they used to, as risk-taking behavior has dropped, according to a study from the Financial Industry Regulatory
Ex-Signature Bank execs launch blockchain-powered bank N3XT
A group of former executives from the collapsed crypto-friendly Signature Bank has launched a new blockchain-based, state-chartered bank called N3XT, with the goal of enabling instant 24-hour payments. N3XT said on Thursday that it aims to settle payments instantly at any time using a private blockchain and offers programmable payments through smart contracts. The company
Vanguard’s 50M+ clients will soon have access to crypto ETFs
Vanguard, the second-largest asset manager in the world, is set to allow its clients to start trading crypto exchange-traded funds and mutual funds on its platform starting Tuesday, reversing its previous stance on digital asset ETFs. Spurred by persistent retail and institutional demand, Vanguard will permit third-party access to crypto ETFs and mutual funds similar
Spear phishing is North Korean hackers’ top tactic: How to stay safe
North Korean state-backed hackers, the Lazarus Group, primarily employed spear phishing attacks to steal funds over the last year, with the group receiving the most mentions in post-hack analyses over the last 12 months, according to South Korean cybersecurity company AhnLab. Spear phishing is one of the most popular methods of attack by bad actors
Wall Street need not be squeamish about Bitcoin’s ups and downs: Pomp
Bitcoiners aren’t new to 30% drawdowns, but it could be a first for many Wall Street investors, said crypto commentator Anthony Pompliano. Institutional investors new to crypto may have been caught off guard by Bitcoin’s volatility, which has put downward pressure on its price, according to crypto entrepreneur and investor Anthony Pompliano. During an interview
Bitcoin’s demand engines reverse, but long-term trajectory intact: NYDIG
The key drivers of Bitcoin’s rally to a peak in October are now what’s causing its price to drop to multimonth lows, with crypto treasury reversals and crypto fund outflows suggesting “actual capital flight” rather than purely negative sentiment, says NYDIG. NYDIG head of research Greg Cipolaro said in a note on Friday that exchange-traded
Traders eye Bitcoin’s bull-bear ‘tug-of-war’ to plan their next move
Crypto trader sentiment on social media is currently split right down the middle, with one side predicting a Bitcoin drop below $70,000 and the other expecting a rally to $130,000. Bitcoin (BTC) dipped below $87,000 on Thursday for the first time since April; however, “Social volume still shows a mixed bag of dip buy optimism