Day: March 12, 2026

Bank of England hints at softer approach to stablecoin restrictions

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The Bank of England may soften its approach to stablecoin regulation after industry criticism of proposed holding limits. Speaking at a House of Lords Financial Services Regulation Committee hearing on Wednesday, Deputy Governor Sarah Breeden said the central bank is open to alternative measures to manage financial stability risks tied to potential shifts from bank deposits to stablecoins. The BOE had proposed temporary caps of £20,000 for individuals and £10 million for businesses, but officials are now reviewing feedback from the industry as part of the ongoing consultation process. The…

JPMorgan Sued Over $328M Crypto Ponzi Scheme

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JPMorgan is facing a lawsuit for allegedly enabling a $328 million crypto Ponzi scheme run by now-defunct Goliath Ventures. Investors on Tuesday filed a proposed class action in the US District Court for the Northern District of California, accusing JPMorgan of ignoring suspicious transactions and allowing Goliath to use its infrastructure to collect investor funds. The lawsuit notes that despite JPMorgan CEO Jamie Dimon’s repeated criticism of Bitcoin (BTC), the bank allegedly failed to prevent crypto scammers from carrying out fraudulent wire transactions. “Chase, by virtue of its Know Your…

Legal Dispute Emerges Over 61,000 Bitcoin Seized by UK Police

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Victims of a Chinese investment fraud are challenging a United Kingdom proposal to compensate them through a Chinese redress scheme, arguing the plan could leave British authorities holding much of the upside from roughly 61,000 Bitcoin seized in a money-laundering investigation. According to the Financial Times, citing court documents, the dispute has moved into the UK High Court as groups representing victims seek to recover funds linked to the cryptocurrency seized by police in London. The Bitcoin (BTC) haul is now worth about 3.2 billion pounds ($4.3 billion) after rising…

Bitcoin Price Recovery Could be Capped at $78K: Here’s Why

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Market analysts say Bitcoin (BTC) is in a relief rally after its 17% recovery from multi-year lows below $60,000, but the $78,000 level is key to reversing the broader downtrend. Key takeaways: Bitcoin price is up 17% from sub-$60,000 lows as onchain data shows signs of returning demand. BTC price resistance around $78,000 must be broken to end the downtrend. Bitcoin buyers are returning Bitcoin’s net taker volume suggests buyers are stepping in as demand for BTC derivatives returned, data from CryptoQuant shows.  Net taker volume, a metric that measures…

IBM unveils industry’s first quantum-centric supercomputing architecture

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IBM has unveiled the first published reference architecture for quantum-centric supercomputing, outlining how quantum computing can be integrated into modern supercomputing environments. Quantum computers are advancing towards useful simulations of complex quantum systems, with emerging hybrid algorithms already delivering meaningful results in fields such as chemistry and materials science. However, their ability to tackle grand-challenge scientific problems remains limited by their separation from classical supercomputing infrastructure, which still requires manual data movement and coordination between quantum and classical systems. To address this challenge, IBM proposes a quantum-centric supercomputing blueprint that…

XRP Negative Funding Continues, Crashes To Levels Not Seen Since 2022

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The XRP funding rate has been on the decline after the price hit its 2025 peak above 2025, and this trend has continued into the new year. Between February and March 2026, the XRP funding rate spent most of the time in the negative, and this speaks to how investors are currently viewing the cryptocurrency. Analyst Cryptoinsightuk points this out in a recent X post, alluding to what this could mean for the digital asset going forward. XRP Funding Rate Hasn’t Been This Low Since 2022 Cryptoinsightuk’s post highlights the interesting XRP…

Utah Set to Block Prediction Markets Like Kalshi and Polymarket

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The US state of Utah is set to block prediction market platforms such as Kalshi and Polymarket, escalating a growing dispute between state regulators and federal authorities over how the industry should be regulated. On Wednesday, Utah’s HB243 (Gambling Revisions) bill was sent to the governor’s desk after passing the Utah House on Feb. 10 and clearing the Senate on Feb. 27. The bill defines “proposition betting” as gambling. Proposition bets are wagers on individual events within a game, such as how a specific athlete performs or whether a team…

US Prosecutors Oppose Sam Bankman-Fried’s New Trial Bid: Report

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Bloomberg reported Thursday that US prosecutors urged a federal judge to reject Sam Bankman-Fried’s request for a new criminal trial, arguing that the former FTX chief failed to meet the legal standard for a retrial. According to the report citing court documents, prosecutors said Bankman-Fried’s claim that new witnesses could undermine the government’s case does not meet the legal standard required to grant a retrial.  Prosecutors reportedly argued that testimony cited by Bankman-Fried from former FTX executives Ryan Salame and Daniel Chapsky did not amount to newly discovered evidence because…

Bonk.fun Domain Hijacked to Push Crypto Wallet Drainer

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Bonk.fun warned users not to use its site after attackers hijacked the domain and pushed a fake wallet-draining prompt. The domain of Solana-based platform memecoin launchpad Bonk.fun has been hijacked after attackers gained access to a team account and deployed a wallet-draining scheme through the site. The Bonk.fun account on X warned users early Thursday not to interact with the website while the team worked to secure the domain. “A malicious actor has compromised the BONKfun domain, do not interact with the website until we have secured everything,” the project…

New Zealand Rules NZDD Stablecoin Not a Financial Product

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New Zealand’s financial regulator has ruled that a local currency-tied stablecoin, NZDD, isn’t a financial product, a move a local law firm says is an important step toward regulatory clarity. The Financial Markets Authority (FMA) said on Wednesday that the new designation for the stablecoin pegged to the New Zealand dollar resulted directly from a financial technology sandbox pilot the regulator is running. “The economic substance of the NZDD stablecoin is that it is not a debt security, as the NZDD stablecoin is not an investment, and no income, interest…