Tag: News

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Coinbase: ‘Overwhelming Majority’ of Terror-Related Funding Still Funneled via Traditional Financial Systems

According to Coinbase, an overwhelming majority of terror-related funding is still done via traditional financial systems. The crypto exchange suggested that terrorist organizations that do receive crypto funding normally use “offshore entities” when attempting liquidate such digital asset holdings. ‘Clear Rules of the Road’ Terrorist organizations that do receive funding in the form of crypto…
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Crypto’s Role in Terrorism Financing Overestimated, Chainalysis Shows

Inaccurate methodologies have resulted in overstated metrics about the use of cryptocurrency by terror groups fighting Israel, according to Chainalysis. The analytics company has tried to “correct the record” on crypto’s role in terrorism financing amid ongoing hostilities in the Middle East. Terrorism Financing Is a Small Portion of Already Small Illicit Crypto Volume, Says…
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Peter Schiff: ‘No One Needs Bitcoin’

Peter Schiff, a renowned economist and gold bug, has criticized Bitcoin’s role and utility in today’s economy. According to Schiff’s remarks, Bitcoin is useless, and its advocates are like a cult, trying to convince people to buy bitcoin after buying it themselves. Peter Schiff: ‘Bitcoin Is Nothing’ Peter Schiff, chief economist and global strategist at…
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A SWIFT Shakeup: Yuan Dethrones Euro as Runner-Up in Trade Finance Markets

The latest report published by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has revealed that the Chinese yuan overtook the euro as the second most used currency in trade finance markets. However, the dollar is still comfortably in first place, with more than an 80% share in these payments. Chinese Yuan Overtakes Euro in…
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Great Awakenings — Dormant 2012 Bitcoin Wallet’s $5.7M Spend Linked to October’s Initial 2012 Transfer

On October 19, 2023, a dormant bitcoin address from 2012 sprang to life at block height 812,946, moving 200 BTC worth $5.74 million for the first time in nearly 11 years. This activity coincides with a recent surge of transfers from 2012 addresses, which began in early September. October Witnesses Several Connected 2012 ‘Sleeping Bitcoin’…
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Largest Clearing House in the US Acquires Digital Asset Firm Securrency

The Depository Trust & Clearing Corp., known as DTCC, has acquired digital asset infrastructure company Securrency, according to a Thursday announcement. Securrency will soon rebrand as “DTCC Digital Assets.” Looking ahead, DTCC said it plans to use blockchain technology to integrate digital assets into its current products and services. Securrency Joins DTCC Ranks; Blockchain Strategy…
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Matrixport Predicts Bitcoin Surge to $56,000 if SEC Greenlights Blackrock’s Bitcoin ETF

The cryptocurrency financial services platform Matrixport predicts that bitcoin prices could surge to between $42,000 and $56,000 per unit if the U.S. Securities and Exchange Commission (SEC) approves Blackrock’s spot bitcoin exchange-traded fund. Matrixport Links ETF Inflows to Possible Bitcoin Price Rise In an investor note published on Thursday, the crypto firm Matrixport said the…
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Stablecoins Built on Bitcoin — Lightning Labs Launches Taproot Assets Mainnet Alpha

Lightning Labs has released the mainnet alpha of its Taproot Assets daemon, advancing the project that seeks to enable stablecoins and other token assets on the Bitcoin blockchain. The software provides developers with tools to begin issuing and managing assets on Bitcoin and integrating them with the layer-two (L2) network. Lightning Labs Wants to ‘Bitcoinize…
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Gemini, Genesis, DCG Face $1B Fraud Lawsuit by NY Attorney General; Gemini Says It’s the ‘Victim’ in Scandal

New York Attorney General Letitia James filed a lawsuit against crypto companies Gemini Trust Company, Genesis Global Capital, and its parent company Digital Currency Group (DCG) for allegedly defrauding over 230,000 investors out of more than $1 billion. The lawsuit claims the companies lied about the risks of their lending program and tried to conceal…
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Grayscale Files New S-3 With SEC, Pushing to Convert Bitcoin Trust Into NYSE Spot ETF After Court Win 

Grayscale Investments, the leading digital asset manager by assets under management (AUM), unveiled on Thursday its latest submission to the U.S. Securities and Exchange Commission (SEC). This move seeks to list the Grayscale Bitcoin Trust (GBTC) as a spot exchange-traded fund (ETF) on NYSE Arca. Grayscale’s latest S-3 submission comes on the heels of Grayscale’s…
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