A United States Treasury official has clarified that cryptocurrencies play a minimal role in financing the operations of militant groups

US Treasury reports minimal crypto use in financing Hamas activities

Brian Nelson, the Treasury’s Undersecretary for Terrorism and Financial Intelligence, addressed misconceptions during a testimony before the House Financial Services Committee on...

7 months ago

Genesis’ Grayscale Shares Valued at $1.6B

Court Frees Genesis to Sell GBTC Shares Worth $1.3B to Compensate Clients

Genesis Global obtained bankruptcy court approval on Wednesday to sell its Grayscale Bitcoin Trust (GBTC) shares. The bankrupt crypto lender can now sell its 35m GBTC shares ...

7 months ago

Some Bitcoin ETF issuers will pull their funds as the tussle for market share and low fees heats up, while investors reap the rewards in the meantime, say analysts.

Bitcoin ETF war could see many issuers never ‘break even’

The cutthroat battle to become the top United States spot Bitcoin exchange-traded fund (ETF) issuer could see many of the listed ETFs today eventually shut down due to lack of profits. ...

7 months ago

Ripple bought Swiss custody provider Metaco last year, but Standard has a New York BitLicense.

Ripple acquires Standard Custody & Trust, its second custody provider

Ripple has acquired Standard Custody & Trust Company, a United States digital asset custody provider. The company already had ties to Ripple through its executives. Standard Custod...

7 months ago

Direct Bitcoin trading is still more popular than ETFs for Robinhood users, says its chief financial officer Jason Warnick amid better-than-expected Q4 2023 results.

Bitcoin ETFs haven’t cannibalized spot Bitcoin trading — Robinhood CFO

Robinhood traders haven’t taken to spot Bitcoin exchange-traded funds (ETFs), with the bulk of crypto trading on the platform remaining in spot Bitcoin, says the company’s chief...

7 months ago

Digitex CEO Charged for Illegally Operating Crypto Futures

Digitex crypto futures exchange CEO Adam Colin Todd willfully failed to include adequate anti-money-laundering (AML) program, Florida federal court alleged. The US Attorney’s Off...

7 months ago

The Litecoin Blockchain, like many of its peers, is strengthening its position, along with the entire Litecoin ecosystem with external partnerships.

Litecoin (LTC) Partnerships: Bridging Traditional and Crypto Industries

Courtesy of the partnership, purchases made through PayPal will automatically be sent to users’ Ledger hardware wallets, similar to other Ledger live options. In previous years, ...

7 months ago

In its fourth-quarter report for 2023, CoinShares highlighted that its total assets under management as of Dec. 31, 2023, was $3.81 billion.

CoinShares declares $108M revenue in 2023 earnings report

Digital asset investment platform CoinShares declared $108.5 million in annual revenue in its fourth-quarter report for 2023. In the fourth quarter of 2023 alone, CoinShares repor...

7 months ago

The criminal sentencing of Binance founder Changpeng Zhao on a money laundering rule charge has been postponed until April 30

Criminal sentencing of Binance founder CZ postponed to late April

That docket entry did not explain what would be a two-month delay in sentencing Zhao, a Canadian national widely known as “CZ” who is free on a $175 million release bond in the Unite...

7 months ago

Bitcoin’s recent rise above $50,000 for the first time since late 2021

Bitcoin Breaks $50K Barrier: Bulls Roar Back After ETF Launch

This rally represents a recovery from the initial days following the opening of the spot ETFs, when Bitcoin experienced a drop below $40,000, eventually plummeting to $38,500 shortly after the E...

7 months ago