Tag: Crypto

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…

South Korea Seeks 20-Year Sentence for Delio CEO Over $169M Crypto Fraud

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South Korean prosecutors have requested a 20-year prison sentence for the CEO of crypto deposit service Delio, calling the scale of alleged fraud against thousands of investors “massive.” During closing arguments at the Seoul Southern District Court on Thursday, prosecutors asked the court to sentence Jeong Sang-ho under the Act on Aggravated Punishment of Specific Economic Crimes, citing what they described as deliberate deception and false promotion that left nearly 2,800 victims without access to their funds, according to the Korean news agency Yonhap. “The defendant’s active deceptive acts and…

PayPal reorganizes business to accelerate crypto and fintech growth

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PayPal Holdings has unveiled a broad reorganization of its business structure and leadership team as it looks to accelerate execution of its growth strategy, simplify internal processes, and boost innovation. The company will transition to a streamlined operating model built around three divisions, including Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto, according to a recent statement. Alongside the restructuring, PayPal announced a series of leadership changes. Frank Keller has been appointed President of Checkout Solutions & PayPal, Alexis Sowa will serve as interim…

Crypto Hacks Hit $630M In April as DeFi Dominates Losses

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The cryptocurrency industry has seen a sharp spike in hacks in April, with losses topping $600 million in the worst month for crypto hacks in more than a year. According to DeFiLlama, the total value hacked in April so far amounted to $629.7 million, the highest since $1.47 billion in February 2025. With KelpDAO’s $293 million hack and Drift Protocol’s $280 million exploit accounting for 82% of the monthly losses, decentralized finance (DeFi) has taken the unwanted crown as the most targeted sector over the past month. Source: DeFiLlama The…

US Seized $500M in Iranian Crypto Assets, Treasury Secretary Says

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The United States has seized nearly $500 million in Iranian cryptocurrency assets as part of a sweeping economic pressure campaign against Tehran, Treasury Secretary Scott Bessent said Wednesday. Bessent made the comments during an appearance on Fox Business’s “Kudlow,” where he outlined the scope of Operation Economic Fury, a campaign ordered by President Donald Trump in March 2025 aimed at cutting off Iran’s financial lifelines through asset seizures, bank account freezes and secondary sanctions on countries that continue to buy Iranian oil. “We are freezing bank accounts everywhere. More importantly,…

Crypto Tops X’s Most-Muted List, and AI Slop May Be Why

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Crypto has topped the list of most-muted topics on X since the platform rolled out its snooze feature, with spam and artificial intelligence content, or “AI slop,” likely playing a major role. On Thursday, Nikita Bier, X’s head of product, revealed that crypto has become the most-muted topic ahead of politics, the Iran conflict, sports and business and finance, a notable shift in a platform that was once the heartbeat of Crypto Twitter. The snooze feature, which lets Premium subscribers hide topics from their For You feed for 24 hours,…

International Crackdown Shutters Nine Crypto Scam Centers, 276 Arrested

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A Dubai police-led international crackdown on scam rings last week resulted in the arrest of 276 individuals and the shutdown of at least nine crypto scam centers, the US Department of Justice revealed on Wednesday.  In a joint operation with the FBI and China’s Ministry of Public Security, Dubai authorities arrested 275 people, with an additional person arrested by the Royal Thai Police.  Six people have been charged in connection with the scam centers. Four of the defendants and two fugitive co-conspirators were charged with federal fraud and money laundering…