UK Sanctions Three Crypto Exchanges Tied to Russian Illicit Funds

The UK government has sanctioned three cryptocurrency exchanges and two payment platforms suspected of helping Russian entities circumvent financial sanctions. Three of the service providers were linked to Kyrgyzstan, while two of them facilitated transactions with the Kremlin-backed A7 network, the UK Foreign, Commonwealth & Development Office (FCDO) announced Thursday. Cutting off these platforms makes…

Meanwhile raises more funds

Meanwhile, a life insurer licensed to operate completely in Bitcoin, announced $37.5 million in new funding from existing investors. Bermuda-based Meanwhile, whose backers include OpenAI CEO Sam Altman, has now raised more than $180 million. Bain Capital Crypto led the new round, alongside Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and…

Blockchain.com Applied for CFTC Licenses for Prediction Markets, Derivatives: Report

Blockchain.com has reportedly applied to the US Commodity Futures Trading Commission (CFTC) for approval of prediction market offerings and crypto derivatives.  CNBC reported Friday that the exchange filed for two licenses with the CFTC for event contracts and crypto derivatives offerings for US-based retail and institutional investors. The licenses, as a designated contract market (DCM)…

Visa study signals potential 1.2 billion-person APAC stablecoin adoption wave by 2031

The gap between interest and understanding remains wide. Only 6% of respondents demonstrated an accurate understanding of how stablecoins work, Visa said, while 49% of people aware of them thought they could only be used to buy and sell cryptocurrencies. Concerns about fraud and scams were the most commonly cited obstacle among respondents who were…

Thailand Clears Path for Bitcoin, Ether ETFs on Stock Exchange

Update (Oct. 9 at 1:10 pm UTC): This article has been updated to include a comment from Binance Thailand CEO Nirun Fuwattananukul. Thailand’s Securities and Exchange Commission on Thursday finalized rules allowing crypto exchange-traded funds (ETFs) to list on Thailand’s main stock exchange, limited initially to Bitcoin and Ether. The regulator said the rules will…

Treasury Secretary: US Targeting $1B Crypto Linked to Iran as Part of Isolation Strategy

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Bitcoin Rebounds to $83,000 With BTC Price Weekly Close in Focus

Bitcoin (BTC) sought to avoid fresh losses on Friday as crypto markets digested reports of an exploit affecting Ledger hardware wallets. Key points: Bitcoin rebounded from local lows of $80,350 to reclaim $83,000 at the Wall Street open. Crypto markets avoided significant selling pressure following reports of funds being stolen from Ledger hardware wallet users….

Dragonfly Partner Rejects ‘Bunker Mode’ Doomerism, calls for proactive blockchain measures

Dragonfly’s managing partner, Haseeb Qureshi, called Ethereum researcher Justin Drake’s “bunker mode” warning “cryptographic doomerism,” and said migrating tokens to fresh addresses was not a real solution against the threat of artificial intelligence breaking cryptographic signatures. “Bunker mode” would only protect investors’ coins as long as they weren’t moved from the fresh address, wrote Qureshi…

Celsius’ Alex Mashinsky hit with $35M penalty and permanent ban in NY legal settlement

New York Attorney General Letitia James said Friday she secured up to $35 million from former Celsius CEO Alex Mashinsky and a permanent ban preventing him from working in the securities, commodities or cryptocurrency industries. James sued Mashinsky in 2023 according to a press release, saying he misled hundreds of thousands of investors, including more…

ESMA Explores Tokenized Collateral for EU Clearinghouses

The European Securities and Markets Authority (ESMA) wants evidence that clearinghouses can access tokenized collateral and turn it into cash if markets come under stress. ESMA published a call for evidence Friday to seek industry feedback on the implications of tokenized collateral. “We must create the conditions for tokenized markets to operate safely and at…