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The Latest Breaking News on Crypto

Bitcoin Plummets At $38K Mark Amid Grayscale's Massive $600M Sell-Off

The king of crypto's continued downhill trading coincided with the transfer of approximately 15,200 BTC from Grayscale Investment's Bitcoin ETF GBTC to Coinbase worth around $590 million on Tuesday.

International Business Times

US Pastor Who Pocketed Investors' $1.3m Says God Told Him To Do It

A US pastor who sold a worthless cryptocurrency to his flock and pocketed $1.3 million, using some of it to remodel his house, has insisted he was only doing what God told him.

International Business Times

Bitcoin's Recent Dip Below $39,000: What Does Future Hold?

Bitcoin's fall below $39,000 intensifies market complexities and prompts scrutiny of its short-term direction.

International Business Times

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‘The Lord told us to’: US pastor says he stole $1m from Christians to remodel home

Couple are charged with creating and selling their cryptocurrency, known as ‘INDXcoin’, to Christian community in Denver, Colorado

The Guardian - US

It's a question of time before the UK gets its own Bitcoin ETFs

City Voices: Just as London played host to successful fintech pioneers such as Starling and Monzo, so equivalent success for digital assets firms can now happen

Evening Standard

HyperVerse crypto scheme targeted developing countries before collapse left some investors ‘suicidal’

Promoters of the scheme, which collapsed owing millions, targeted countries such as Nepal, with claims some investors took out bank loans to buy packages

The Guardian - AU

FTX's Billion-Dollar Exodus: Major Sell-Off Shakes Up Grayscale Bitcoin Trust ETF

FTX reportedly divested nearly two-thirds of its GBTC holdings within the initial three trading days of the fund's operation as an ETF.

International Business Times

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Crypto Capital Flight: Grayscale's GBTC Registers $2.2 Billion Outflows In Rapid 5-Day Dash

Industry observers believe that the combination of locked positions and high fees has created a strong incentive for investors to pursue more cost-effective options.

International Business Times

Asic examines collapsed bitcoin company Blockchain Global after Guardian investigation

Regulator takes action after masthead reveals links between two of company’s directors and a series of failed crypto schemes

The Guardian - AU

Bitcoin Struggles Amid ETF Accumulation Of 95,000 BTC And $4B AUM

Among the various ETFs, Fidelity's FBTC and BlackRock's iShares Bitcoin Trust have each attracted over $1.2 billion in inflows.

International Business Times

Do Kwon's Terraform Labs Hits Rock Bottom; Seeks Bankruptcy Protection In US Amid Legal Turmoil

Last week, Judge Jed Rakoff moved the start date of the SEC v. Terraform Labs and Kwon $40 billion fraud case trial to March 25 from the initial Jan. 29 start date, following an appeal from the crypto mogul's camp.

International Business Times

HTX In The Eye Of The Cyber Storm: Justin Sun Reassures Investors After DDOS Attack

Malicious actors once again hit the crypto exchange platform HTX last week with a DDoS attack that lasted for 15 minutes, overloading the site and causing a brief outage.

International Business Times

ARK's Wood Forecasts Bitcoin Will Take A Bite Out Of Gold's Market Share, Reach $1M

Wood thinks Bitcoin holds the potential to attain a valuation of $1 million per unit at some point in the future, albeit not in the immediate term.

International Business Times

Coinbase Poised For Legal Victory In SEC Clash With 70% Odds: Legal Analyst

The timeline for the anticipated ruling could potentially be delivered by the end of Q2 2024

International Business Times

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International Business Times

Wanted Crypto Boss Do Kwon's Terraform Files For US Bankruptcy

South Korean entrepreneur Do Kwon's Terraform Labs, whose cryptocurrencies crashed dramatically in 2022, is seeking bankruptcy protection in the United States, according to court documents filed Sunday.

International Business Times

Crypto Exchange-Traded Fund Race Heats Up: Fidelity Faces SEC Delay Amid Five Bitcoin LETFs Filing

The SEC emphasized the need for an extended evaluation period to make an informed decision regarding approval, disapproval, or the initiation of further proceedings.

International Business Times

Unlocking Cryptocurrency's Future: Anticipating Spot Ethereum ETF, Its Implications, Challenges And Market Dynamics

Many are now closely monitoring developments in the cryptocurrency industry to see if a spot Ethereum ETF could be the next milestone in the regulatory landscape.

International Business Times

A New Dawn in Crypto: How Spot Bitcoin ETFs Boost Adoption, Reshape Regulation

The introduction of spot Bitcoin ETFs marks a significant milestone, yet many questions and challenges lie ahead for the cryptocurrency ecosystem.

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International Business Times

Shiba Inu Steals The Spotlight, Leaving Bitcoin Behind In Positive Online Discussions: Study

A comprehensive study conducted by Coinwire unveiled that Shiba Inu is one of the standout cryptocurrencies that garnered substantial positive discussions across various social media platforms throughout the year 2023.

The Hindu

Technology-driven drug smuggling from abroad poses increased threat

The recent seizure of LSD blots smuggled through postal parcels in Kochi highlights the increasing threat of technology-driven drug smuggling.

The Hindu

Yet to finalise mechanism for regulating cryptocurrencies: Centre to SC

The Centre has told the Supreme Court it is yet to take a decision on a mechanism to regulate cryptocurrencies and effectively investigate related offences.

International Business Times

Crypto Market In Red Following Bitcoin's Tumultuous Descent To $40K

The altcoin landscape is currently grappling with a sea of red, as most charts are dominated by bearish sentiment.

International Business Times

Crunching Numbers: Solana Poised to Outshine Ethereum By 5x, Say Glassnode Co-Founders

Solana has demonstrated remarkable resilience in the face of potential market turbulence stemming from holdings associated with the FTX bankruptcy estate.

International Business Times

XRP ETF Talks Gain Traction As Ripple CTO Nudges Wall Street Giant Franklin Templeton

When BlackRock CEO Larry Fink was asked about the possibility of an XRP ETF, he said, "I can't answer that."

Motor1

Government Pauses Ban On Shady Dealership Upcharges

The ban on shady sales tactics was supposed to take effect July 30th, but dealerships protested, and now it's delayed indefinitely.

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