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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Quick Facts: ➡️ US lawmakers push the Clarity Act that Lummis calls the biggest crypto bill ever and a full legal system for digital assets and stablecoins. ➡️ Regulatory clarity could funnel new users to secure, mobile wallets with simple onramps, favoring stacks like Best Wallet with Fireblocks MPC security. ➡️ $BEST presale shows 23 days left, about $16.83M raised, a price at $0.025895, and an estimated 78% dynamic staking APY for early stakers. ➡️ $BEST utility includes reduced fees, curated early presale access, and future features…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The United States has intensified its efforts to disrupt North Korea’s clandestine financial networks by imposing new sanctions on individuals and institutions accused of facilitating the laundering of crypto linked to cyberattacks. Crypto To Support Nuclear Initiatives? On Tuesday, the US Treasury Department’s Office of Foreign Assets Control (OFAC) announced the designation of eight individuals and two entities involved in processing funds derived from cybercrime and fraudulent activities related to IT workers. According to OFAC, these North Korean banks played a crucial role in managing funds, including…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ahead of his Tuesday appeal hearing, Sam Bankman-Fried’s lawyers have claimed that the FTX co-founder was unfairly convicted and was not allowed to tell his full story during his 2023 trial. FTX Founder Claims Unfair Trial On Tuesday, the legal team of FTX’s co-founder and former CEO, Sam Bankman-Fried (SBF), is set to appeal his fraud conviction and 25-year sentence in a hearing at the 2nd US Circuit Court of Appeals in New York. According to a Bloomberg report, SBF’s lawyers have claimed in a previously filed…
The international Bitcoin ecosystem just got another major player. FUTURE (Future Holdings AG), a self-described “Bitcoin Treasury Company,” has raised CHF 28 million in a new funding round backed by some of Bitcoin’s best-known institutional investors. CHF 28 million is over $34 million. The Zurich-based firm says it wants to become Europe’s leading Bitcoin treasury platform — a kind of institutional bridge connecting Bitcoin with global capital markets. The round was anchored by Fulgur Ventures, Nakamoto, and TOBAM, three firms deeply tied to both traditional finance and Bitcoin investing. Led by a heavyweight team from the worlds of venture capital,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The bankruptcy estate of the now-defunct cryptocurrency exchange FTX has decided to withdraw its motion aimed at limiting creditor distributions to certain “potentially restricted foreign jurisdictions.” This decision follows substantial pushback from creditors and a wave of objections filed in bankruptcy court. FTX Trust Abandons Controversial Plan The FTX Recovery Trust, which filed a notice on Monday, had previously sought court approval to freeze payouts to creditors in 49 countries, including China, Saudi Arabia, Russia, and Ukraine, citing ambiguous or restrictive local regulations surrounding cryptocurrency. The trust’s…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Charles Hoskinson issued a rebuttal on November 3, rejecting circulating headlines that claimed he blamed Cardano’s users for the network’s decentralized finance shortfall. In a brief video, the Cardano founder said media outlets misrepresented his prior comments about participation patterns across the ecosystem, stressing that his point was a structural “mismatch” between who stakes and governs versus who takes part in DeFi—not blame. “I never once blamed anyone from the Cardano ecosystem for the DeFi [woes],” Hoskinson said, naming The Crypto Basic as an example of outlets…
In brief Former Rugby League star Trent Merrin was arrested and charged with dishonestly obtaining a financial advantage by deception. Police raided Merrin’s Barrack Point home, seizing electronic devices for forensic examination one year after beginning investigations. The arrest comes amid Australian regulators strengthening enforcement against digital currency crimes. Former Australian Rugby League star Trent Merrin has been arrested and charged over the alleged theft of $91,000 (AUD $140,000) in crypto, with police alleging the retired footballer used deceptive means to transfer funds from a victim’s account.The former Kangaroos and New South Wales Blues representative was taken into custody at…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure US President Donald Trump warned this week that China is moving fast into the bitcoin and crypto area, and he urged the US to hold its lead in the market. He made the remarks in a televised interview, saying China “is getting into it very big right now,” and arguing that the US must act to keep its edge. US Vs China Crypto Stash According to figures cited in recent reports, the US is estimated to hold about 198,012 BTC, valued at roughly $21.32 billion, while China…
In brief Bitcoin fell 21% to $99,000, triggering over $2 billion in liquidations amid a broad market sell-off. Analysts cite dollar strength, tight liquidity, and the government shutdown as key drivers. Experts see potential support at $98,000, with a worst-case scenario target of $85,000. Global financial markets are facing a broad-based selloff this week as appetite for risk assets, including crypto and stocks, begins to wane.Bitcoin plunged below the historic $100,000 level on Tuesday, while the S&P 500 index and gold fell 3% and 10% from their respective peaks. On Wednesday, Bitcoin dropped to an intraday low of $99,110 before…