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US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown
The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were…
Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder
Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that…
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P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return
According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some…
US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the…
After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that…
‘Totally Irresponsible’ — Bitcoin Proponents Express Discontent Over Twitter’s Doge Logo Change
After the Twitter logo was changed from the original blue bird to a cartoon image of the famous Shiba Inu Doge, the cryptocurrency dogecoin rose significantly in value and is now up 27% more than 12 hours later. However, a number of bitcoin…
How the Federal Reserve Is Now Competing With Banks for Deposits: Enter the Reverse Repo Facility
The U.S. Federal Reserve could be competing with commercial banks due to a facility called the “overnight reverse repurchase agreement facility,” which has currently drawn in more than $2 trillion in deposits. According to…
Bitcoin Volatility Index’s Correlation With Price Flips Positive, Boosts Appeal of Bullish…
It pays to be a call option holder when the implied volatility is rising along with the underlying asset's price, crypto observers told CoinDesk.
Alleged Kenyan Bill Proposes Widening Definition of Securities to Include Crypto Assets
A bill seeking to put blockchain and crypto assets under the purview of the Kenyan Capital Markets Authority is supposedly set to be debated in the country’s parliament. The bill also seeks to “widen the meaning of…
Regulators Should Heed Crypto Risks When Innovating Regulation, Says Chinese Central Bank Official
A senior People’s Bank of China (PBOC) official has urged regulators to consider cryptocurrency risks and fraud that could lead to bank failures when innovating regulation. The Chinese official highlighted the recent collapse of U.S.…