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Buyer exhaustion may set the stage for a correction in August before investor capital surges into altcoins, as in previous market cycles. Investor sentiment toward cryptocurrencies surged this week, with growing retail interest in altcoins suggesting Bitcoin’s recent euphoria phase may be nearing an end, according to analysts. The crypto asset sentiment index rose from…
The US government redesignated Garantex on Thursday to its list of sanctioned entities, along with its successor, Grinex, but TRM Labs suggests it could be ineffective. Cryptocurrency exchange Garantex Europe, which was sanctioned on Thursday, could already have a contingency plan allowing it to skirt the impact of US sanctions, says blockchain intelligence firm TRM…
Over 80 crypto and fintech executives asked the Trump administration to stop banks from levying data access fees, which threaten their business models. A group of crypto and fintech executives has urged US President Donald Trump to block banks from charging fees for access to their customer data, arguing it stifles consumer choice. The letter…
Bitmain recently announced it would open its first BTC mining hardware manufacturing facility in the United States by the end of 2025. American Bitcoin, a Bitcoin (BTC) mining company backed by members of US President Donald Trump’s family, exercised an option to purchase up to 17,280 application-specific integrated circuits (ASICs), hardware for crypto mining, from…
The Office of Foreign Assets Control said it was taking additional action against the crypto exchange after including it on its list of Specially Designated Nationals in 2022. The US Treasury’s Office of Foreign Assets Control (OFAC) has redesignated cryptocurrency exchange Garantex Europe to its list of sanctioned entities. In a Thursday notice, OFAC said…
Military Bank, a Vietnamese state-controlled lender, has partnered with the parent company of South Korea’s Upbit exchange, Dunamu, to develop a cryptocurrency exchange. Vietnamese state-controlled bank Military Bank (MB) plans to launch a regulated crypto exchange in partnership with Dunamu, the parent company of South Korean crypto exchange Upbit. According to a Wednesday announcement from…
Spar will launch crypto and stablecoin payments across 300 Swiss supermarkets via Binance Pay and DFX.swiss, marking a retail first for the country. Global grocery giant Spar is enabling stablecoin and cryptocurrency payments in its stores across Switzerland, marking what the company says will be the first nationwide rollout of digital asset payments in the…
Letitia James, who holds New York state’s top law enforcement position, has come under scrutiny from some, claiming she was engaging in “lawfare” against the crypto industry. Khurram Dara, a former policy counsel at cryptocurrency exchange Coinbase, is considering a run for New York State Attorney General in 2026, aiming to replace Letitia James. In…
Google Play’s updated policy, effective Oct. 29, will require crypto wallet apps to meet specific licensing rules in certain countries. Google Play’s will require crypto wallet providers in over 15 jurisdictions, including the United States and the European Union, to get licenses and comply with “industry standards” under an updated policy. According to Google Play’s…
HashFlare co-founders Sergei Potapenko and Ivan Turõgin were given time served for copping to their roles in a $577 million scheme, with prosecutors saying they’re weighing an appeal. The founders of HashFlare, a crypto mining company behind a $577 million Ponzi scheme, have escaped additional jail time after admitting to their roles in the scheme….