Tag: Crypto

NY Forces Uphold to Pay $5M Over Fraudulent Crypto Product

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New York Attorney General Letitia James has secured more than $5 million from cryptocurrency platform Uphold over its role in promoting a fraudulent investment product. The settlement centers around Uphold’s promotion of CredEarn, a product offered by Cred, LLC and its CEO Daniel Schatt. Between January 2019 and October 2020, the platform marketed CredEarn to users on its platform and mobile app as a safe, reliable savings product with attractive annual interest payments. However, Uphold didn’t tell customers that Cred was generating those returns by making microloans to low-income video…

Crypto Industry Will Be ‘Just Fine’ If CLARITY Act Doesn’t Pass: Chris Perkins

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The US crypto industry’s momentum won’t be derailed in the long term even if the much-anticipated CLARITY Act, aimed at bringing more regulatory clarity to the crypto industry, doesn’t make it through Congress, according to 250 Digital Asset Management CEO Chris Perkins. “If not, we’re going to be just fine,” Perkins said on Cointelegraph’s Chain Reaction podcast on Friday, emphasizing that the two major financial regulators are already building workable frameworks. Perkins pointed to ongoing efforts by US Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodities and Futures…

US Treasury seizes $500M in Iranian crypto amid rising tensions

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## Market Snapshot Iran’s enriched uranium surrender market shows a 0.1% YES pricing for April 30, 2026, a decrease from 5% a week ago. Bitcoin’s pricing for being above $86,000 on April 30 remains at 100% YES. The market for the U.S. obtaining Iranian enriched uranium by May 31 shows an 8.5% YES probability. ## Key Takeaways – The U.S. Treasury’s seizure of $500 million in Iranian crypto appears consistent with increased economic pressure, suggesting lower likelihood of Iran surrendering enriched uranium. – Bitcoin market pricing remains unaffected, with a…

Payward Closes Bitnomial Acquisition, Eyes Regulated US Crypto Derivatives

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Payward, the parent company of Kraken, announced it has completed its acquisition of crypto derivatives venue Bitnomial, giving it control of a fully CFTC-regulated derivatives stack in the United States. The acquisition gives Payward a Futures Commission Merchant, Designated Contract Market and Derivatives Clearing Organization, infrastructure it plans to use to expand CFTC-regulated products across Kraken and NinjaTrader, starting with spot margin, with perpetuals and options expected to follow. Payward said Bitnomial will continue operating within its existing regulatory structure, with the deal enabling partners, including fintechs, banks and brokerages,…

Brazil central bank bans crypto in cross-border eFX rails, tightening oversight

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## Market Snapshot The market for whether the Bank of Brazil will increase the Selic rate after April 2026 is currently priced at 100% YES. Bitcoin price targets, including a rise to $80,000 in April, are priced at 0.1% YES, suggesting limited confidence in reaching these levels. ## Key Takeaways – Brazil’s central bank prohibition on crypto in cross-border eFX rails appears to increase regulatory oversight and financial conditions. – Markets suggest this action could contribute to inflationary pressures, consistent with a possible Selic rate hike. – Bitcoin markets reflect…

Crypto VC Funding Plunges to $659M in April, Hits 2024 Lows

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Crypto venture capitalist (VC) funding plunged to a near two-year low in April as investors pulled back from crypto start-ups and early-stage companies. Crypto VC funding fell to $659 million across 63 funding rounds in April, down 74% from the $2.6 billion seen across 84 rounds in March, according to Cryptorank data. This brings the total year-to-date investments to $5.64 billion so far in 2026.  The April total was the lowest monthly fundraising sum since July 2024, when crypto projects raised $622 million across 132 rounds. The drop suggests venture investors…

SBI to Make Bitbank a Subsidiary in Japan Crypto Consolidation Push

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Tokyo-based SBI Holdings has opened talks to acquire shares in cryptocurrency exchange Bitbank and make it a consolidated subsidiary, extending its push to consolidate regulated crypto trading platforms in Japan as the country moves toward securities-style rules for digital assets. The financial conglomerate said Friday it is considering a share acquisition as part of a potential capital and business alliance with Bitbank. The deal remains subject to due diligence, negotiations and internal approvals, SBI said. The talks come a month after SBI VC Trade absorbed Bitpoint Japan on April 1,…

Crypto hacks hit record high in April 2026, impacting Bitcoin, Ethereum sentiment

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## Market Snapshot Bitcoin Price Predictions for April 30 are priced at 0.9% YES, with recent market activity showing decreased confidence. Markets for Bitcoin Price Above on May 1 remain at 99.8% YES, suggesting stability. Ethereum Price in April markets are at 0.4% YES, reflecting concerns over recent security breaches. ## Key Takeaways – April 2026’s record number of crypto hacks appears to have increased market fear, impacting Bitcoin’s price prospects. – The security breaches, particularly affecting DeFi platforms, suggest negative sentiment towards Ethereum’s short-term price movement. – Market pricing…

Stablecoins Surpass Bitcoin in Latin America Crypto Purchases: Bitso Report

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Digital asset adoption in Latin America is evolving, with more users now converting funds into stablecoins than into Bitcoin — a shift that reflects growing pressure from local economic conditions. According to Bitso’s 2025 report on crypto adoption in Latin America, 40% of crypto purchases in 2025 were US dollar-linked stablecoins such as Tether’s USDt (USDT) and Circle’s USDC (USDC), while Bitcoin (BTC) accounted for 18%. The report marks the first time stablecoin purchases have surpassed Bitcoin in the region. The findings are based on data from Bitso’s nearly 10…

Musk says most crypto coins are scams as OpenAI ICO plans surface in court

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Elon Musk said most cryptocurrencies are scams during testimony in his lawsuit against OpenAI, where past plans for an ICO also surfaced, as reported by New York Times journalist Mike Isaac. Elon Musk explaining what cryptocurrency is to the jury: “Some of them have merit, but most of them are scams.” this is responding to early emails where OpenAI discussed holding an ICO, or initial coin offering, in order to fund the company. (back then, ICOs were en vogue…) — rat king 🐀 (@MikeIsaac) April 29, 2026 The tech mogul…