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Lib Dems Ask FCA to Probe Farage Over Stack BTC Promotion

UK Liberal Democrats have urged the Financial Conduct Authority (FCA) to investigate Nigel Farage’s ties to Bitcoin treasury company Stack BTC after it disclosed a 37 Bitcoin purchase and published promotional material featuring the Reform UK leader, who is also a shareholder. In a letter to the FCA, Liberal Democrat deputy leader Daisy Cooper asked

DOJ Opens Compensation for OneCoin Victims

The US Department of Justice has launched a compensation process for victims of the $4 billion crypto Ponzi scheme OneCoin, using forfeited assets taken from some of the scheme's architects. The Justice Department said on Monday that more than $40 million in forfeited assets is available to compensate anyone who purchased OneCoin between 2014 and

Bears Forecast Bitcoin Drop to $50K Before Recovery

Several crypto analysts said that there will be a final flush that sends Bitcoin prices as low as $50,000 before the cryptocurrency is able to mount a measurable recovery. Bitcoin (BTC) trader and author Ivan Liljeqvist posted to X on Tuesday that Bitcoin is yet to have “the big flush.” “I don’t think we’ve had

Banks Counter White House Stablecoin Yield Findings

The American Bankers Association is concerned that stablecoin yields would lead to mass deposit outflows from smaller community banks. The American Bankers Association (ABA) has criticized a White House report that claimed banning stablecoin yields would only have a negligible impact on banks, arguing that the conclusion was reached by asking the “wrong question.” The

Ex-CFTC Chair Giancarlo to Advise Crypto and Fintech Firms

Chris Giancarlo, the former chair of the US Commodity Futures Trading Commission, is stepping away from law to become a full-time adviser to cryptocurrency firms. Giancarlo, referred to as “Crypto Dad” while in office for his crypto advocacy, posted to X on Sunday that he was leaving the law firm Willkie Farr & Gallagher and

South Korea Fines Coinone, Orders Partial Suspension

South Korea’s third-largest cryptocurrency exchange, Coinone, is facing a fine and a partial business suspension over anti-money laundering lapses, according to multiple local media reports. South Korea's Financial Intelligence Unit (FIU) under the Financial Services Commission accused Coinone of failing to comply with anti-money laundering obligations, including verifying user identities in about 70,000 cases, The

Foundry Debuts Compliance-Focused Zcash Mining Pool

The launch of Foundry Zcash Pool has cut ViaBTC’s mining pool hashrate dominance from around 65% to 37%. Crypto mining pool operator Foundry Digital has launched a pool for the privacy-focused cryptocurrency Zcash, which the company says has secured nearly 30% of the Zcash network hashrate through partnerships with multiple institutional mining clients. “Institutional and

ETH Profitability Turns Bullish as Price Eyes $3,000

Ether's (ETH) rebound to $2,300 over the weekend put large investors back into profit but is this a sign that ETH may rally to $3,000? Data from TradingView shows that Ether’s price rose 20% to $2,330 on Saturday from its local low of $1,940 reached on March 29. The recovery was fueled by the US

Bitcoin Hits $74K Amid ETF Inflows and Rising Risks

Key takeaways: Despite strong ETF inflows, Bitcoin remains tied to the S&P 500 and sensitive to global macroeconomic developments. Bitcoin futures premiums and miner selling suggest that the bear market persists despite Bitcoin trading above $74,000. Bitcoin (BTC) reclaimed the $74,000 level on Monday following slight gains in the S&P 500 index after US President
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