Tag: Crypto

Geopolitical tensions drag crypto lower as Middle East conflict escalates

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War has a way of clarifying what traders actually believe about risk assets. Six consecutive days of US and Israeli airstrikes targeting sites across Iran have sent shockwaves through global markets, and crypto — despite its growing reputation as a macro hedge — is getting dragged down with everything else. Bitcoin slipped below $72K, Ethereum drifted near $2,100, and Solana fell under $90 as capital fled toward traditional safe havens like gold and US Treasuries. The broader picture is getting worse, not better. Kurdish opposition groups are now signaling potential…

IRS proposes rule allowing crypto exchanges to deliver tax forms only electronically

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The Internal Revenue Service has proposed a rule that would allow crypto exchanges to deliver tax forms exclusively through electronic channels, removing the long-standing requirement to provide paper statements to customers. Under the proposal, custodial crypto brokers could issue Form 1099-DA digitally and require users to accept electronic delivery as a condition for maintaining an account. Exchanges would also be allowed to end relationships with customers who decline digital tax reporting. The rule would apply to major US-regulated platforms, including Coinbase and Kraken, which would be able to distribute tax…

US government contractor’s son arrested after allegedly stealing $46M in crypto from Marshals Service

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John Daghita, son of Dean Daghita, the president of Command Services & Support (CMDSS), was arrested on Saint Martin in a coordinated international crackdown after allegedly misappropriating $46 million in crypto from the US Marshals Service, FBI Director Kash Patel wrote on X on Thursday. Last night, John Daghita – a U.S. government contractor who allegedly stole more than $46 million in cryptocurrency from the U.S Marshals Service – was arrested on the island of Saint Martin by the French Gendarmerie’s premier elite tactical unit in a joint operation with…

Alpin Yukseloglu: AI will revolutionize crypto security, superhuman auditors are on the horizon, and emerging markets offer high-yield opportunities

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Key takeaways AI is poised to significantly enhance security in the crypto industry, raising the industry’s potential. Improvements in AI models for detecting smart contract vulnerabilities are progressing rapidly. Superhuman AI auditors may emerge soon, challenging current security assumptions in crypto. The crypto industry is already hardened against intelligent adversarial actors. Emerging markets offer lucrative investment opportunities with high yields. Bricks bridges DeFi with traditional finance, enabling access to real collateral and structured products. The perception of technology as a threat can lead to unnecessary security paranoia. Superintelligent AI’s impact…

How US Investigators Traced $61M in Crypto Linked to Romance Scams

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Key takeaways Federal authorities in North Carolina seized more than $61 million in USDT, revealing how pig-butchering schemes combine emotional manipulation with fraudulent crypto investment platforms to defraud victims at scale. Investigators leveraged the public, immutable nature of blockchain records to trace victim deposits across multiple wallets. Despite attempts to obscure the trail, every transfer remained permanently visible and reconstructable. Using blockchain analytics, authorities clustered related addresses based on transaction flows, timing patterns and consolidation points, allowing them to connect dispersed wallets back to the broader scam network. Because the…

Reform UK Gets Fresh $4M Boost from Tether‑Linked Crypto Investor

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Nigel Farage’s Reform UK secured a second boost, this one worth 3 million British pounds ($4 million), in November 2025 from Thailand-based crypto investor Christopher Harborne, the Financial Times reported on Thursday. The aviation entrepreneur and early crypto backer, who is one of Reform’s biggest individual funders, donated $12 million to the party in August 2025, in what was a record single gift to a UK political party by a living donor. The additional donation cemented Reform’s position at the top of the UK’s political party money race. The party…

Crypto Stocks Soar as US Regulators Push Ahead

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Crypto-related stocks surged on Wednesday as recent pro-crypto commentary from the US presidential campaign pushed Bitcoin and the broader crypto market higher. Alongside a rise in the cryptocurrency market, the Bitcoin (BTC) treasury company Strategy spiked by more than 10%. Crypto exchange Coinbase registered a more than 14% gain, while miners Hut 8 clocked 13.89% and American Bitcoin Corp rose 11.65%. Dominick John, an analyst at Zeus Research, told Cointelegraph the promise of clearer regulations on the near horizon could be one of the factors fueling the rally. Bitcoin treasury…

Crypto Scams Using ‘Powerful’ iPhone Exploit Kit: Google

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Threat researchers at Google say they have uncovered a new exploit kit targeting Apple iPhone users, aimed at stealing crypto wallet seed phrases.  The kit, named “Coruna” by its developers, targets iPhones running iOS versions 13.0 up to 17.2.1. It has “five full iOS exploit chains and a total of 23 exploits,” including ones that were previously unknown to the public, the Google Threat Intelligence Group (GTIG) said in a report on Wednesday. The group said it first discovered the kit in February 2025 and has since tracked its use…

A16z Crypto Raises $2 Billion Fund Amid Market Downturn

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Crypto venture capital giant Andreessen Horowitz is doubling down on crypto despite a major market downturn, seeking $2 billion for a new crypto fund. A16z Crypto, the blockchain arm of venture capital firm Andreessen Horowitz, is raising a fifth fund focused on crypto with plans to close by mid-2026, according to Fortune, citing anonymous sources on Wednesday. The latest round is significantly smaller than its previous $4.5 billion fund from 2022, but the company has shifted to a shorter fundraising cycle to remain flexible to ever-changing crypto narratives.  The move…

Bitcoin Price Jumps 8%, Breakout Hopes Reignite Across Crypto Markets

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Bitcoin price started a steady increase above $70,000 and $72,000. BTC is now consolidating and might aim for more gains above $72,800. Bitcoin started a fresh increase after it settled above the $68,800 support. The price is trading above $70,000 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $72,000 and $70,800 levels. Bitcoin Price Rallies Above $70,000 Bitcoin…