Bitcoin continued its downward trend after a major options expiry on Friday. It also plunged as Convano, a sleepy Japanese company, announced a BTC buying strategy. Summary Bitcoin price could crash to $100,000 as the recent momentum wanes. Convano, a Japanese company, aims to buy coins worth $3 billion. Bitcoin strategy companies have lost momentum…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Trump’s GENIUS Act is in the hot seat of global crypto news, and everyone’s got an opinion on what it might mean for U.S. DeFi. For me, at least, while it’s certainly…
Two former executives from defunct crypto lender Cred LLC have been sentenced to a combined 88 months in federal prison for their roles in a wire fraud conspiracy. Summary Cred’s ex-CEO and CFO get 88 months for defrauding 6,000+ customers of $140m Executives misled clients after COVID-19 crash exposed Cred’s risky strategy Cred’s bankruptcy left…
Bluprynt, an embedded compliance and blockchain infrastructure solutions platform, has completed a know your issuer verification of USDC, the first such milestone with a global stablecoin. Summary Bluprynt announced the successful completion of know your issuer for Circle’s stablecoin USDC. Stablecoin regulation is among top areas of focus for regulators amid global adoption. Bluprynt announced…
A proposed class action lawsuit against Strategy which accused the business intelligence company and its executive chairman, Michael Saylor, of misleading investors about the risks of its substantial Bitcoin purchases, has been voluntarily dismissed by the plaintiffs, according to Bloomberg. Summary Investors have voluntarily dismissed a proposed class action against Strategy, closing claims the company…
Tether will no longer freeze USDT on Omni, BCH SLP, Kusama, EOS, Algorand, and other legacy chains. The assets, however, become “unsupported,” entering a financial limbo without official issuance or redemptions. Summary Tether halts its planned USDT freeze on legacy blockchains, including Omni, BCH SLP, Kusama, EOS, and Algorand. Tokens on these networks become “unsupported,”…
The IREN stock price surged to a record high on Friday, Aug. 29, after the Bitcoin mining company published strong financial results, leading to a set of analyst upgrades. Summary IREN stock price jumped to a record high after strong financial results. Wall Street analysts are upbeat about the company as it pivots to AI….
While Bitcoin balances continue their months-long decline on the exchange, Ethereum deposits are quietly swelling. This divergence paints a clear picture of two competing asset narratives, with traders likely rotating into altcoins. Summary OKX publishes its 34th proof-of-reserves, confirming $33.7 billion in fully backed assets. Bitcoin balances continue to decline on the exchange while Ethereum…
Bitcoin price is on track to drop for three consecutive weeks as traders brace for a $15 billion options expiry and as risky chart patterns form on the weekly chart. Summary Bitcoin price has crashed for three consecutive weeks. BTC and Ethereum options worth over $15 billion will expire today. Technical analysis points to more…
USDT dominance is eroding as Circle and other stablecoin competitors fight for a share of the pie. Summary USDT dominance fell below 60% for the first time since 2023 Circle’s USDC is its primary competitor, nearing 30% dominance The passage of the US GENIUS Act is making the market more competitive Competition among stablecoin issuers…
