Olga Kharif Bloomberg
- All
- News
-
Criminal Stablecoin Use Continues Growing, Task Force Says
A new report says stablecoins now account for most illicit activity on crypto ledgers. As per the new report from the Financial Action Task Force found that a wide array of illicit actors — including terrorists, drug traffickers and North Korean hackers — have stepped up their use of stablecoins since the group’s last report on digital assets...
-
How The Trump Family Is Going All-In On Crypto Projects
Donald Trump is already the richest person to have ever become US president, and his non-crypto holdings include significant investments in real estate.
-
Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen
Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion (roughly Rs. 13,008 crore) worth of tokens. The Dubai-headquartered platform, which is not available in the US, had roughly $16.2 billion (roughly Rs. 1,40,489 crore) in assets on its exchange prior to being hacked.
-
Trumps Memecoin Can Now Be Used to Buy Watches and Sneakers
Donald Trump's memecoin had a total market cap of $5.4 billion on Tuesday afternoon in New York.
-
US President Donald Trump Signs Executive Actions Related to Crypto, AI
The crypto order creates a working group to advise the White House on digital asset policies and will include the involvement of key federal agencies, like the Treasury Department, Justice Department, Securities and Exchange Commission and the Commodity Futures Trading Commission.
-
US President-Elect Donald Trump Said to Plan Elevation of Cryptocurrency as a National Priority
The order is expected to name crypto as a national imperative or priority — strategic wording intended to guide government agencies to work with the industry, according to people familiar with the matter.
-
Banks Want In on Tether’s Billions in Stablecoin Profits
Traditional banks are seemingly taking efforts to experiment with stablecoins after Tether boasted of billions in profits. Earlier this year, Societe Generale - Forge made its Euro-backed stablecoin. Oddo BHF SCA and London-based Revolut are also working on stablecoins.
-
Wash Trading Remains ‘Widespread’ in DeFi, Researcher Kaiko Says
The wash trading strategy used to boost the FBI-created token NexFundAI remains a common practice on decentralised-finance exchanges (dexes), and can be encountered on certain centralised exchanges as well, according to researcher Kaiko.
-
Crypto Fraud Increased 45 Percent in 2023 to $5.6 Billion, FBI Says
The FBI Internet Crime Complaint Center received nearly 69,500 complaints from consumers in the US and abroad last year. Call center frauds, such as government impersonation scams, accounted for about 10 percent of cryptocurrency losses.
-
Ethereum's Dencun Upgrade Expected to Dramatically Lower Costs for Layer 2 Blockchains
Using the world’s most commercially successful blockchain ecosystem is about to get much cheaper after the latest software upgrade of the Ethereum network. The upgrade is being hailed as the most significant change in Ethereum ecosystem’s end user experience ever — and it will be much more noticeable to consumers than the well-known September...
-
Binance Removes US CEO, Fires Over 100 Employees Amid Crypto Crackdown
Binance US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, according to a company spokesperson.
-
Coinbase Tests Commission-Free Subscription Cryptocurrency Trading Service
Coinbase is testing a subscription service that lets customers trade on the biggest US cryptocurrency exchange without paying fees for each trade.
-
This Ivy League College Will Accept Crypto Payment For One Course
The Wharton School at the University of Pennsylvania, one of the nation's premier business schools, plan to accept cryptocurrency as tuition for its online blockchain and digital assets program.
-
Discord Bans WallStreetBets Investor Coalition for Allowing Hateful Speech
WallStreetBets, the investor coalition that gained fame for boosting stocks from its perch on Reddit, was banned by the communications platform Discord for not doing enough to stem hateful speech.
-
Cryptocurrency Market Value Tops $1 Trillion as Bitcoin Breaches $37,000
The total market value of cryptocurrencies surpassed $1 trillion (roughly Rs. 73,12,050 crores) for the first time Thursday amid a frenzied and volatile rally in Bitcoin to yet another record.
-
Criminal Stablecoin Use Continues Growing, Task Force Says
A new report says stablecoins now account for most illicit activity on crypto ledgers. As per the new report from the Financial Action Task Force found that a wide array of illicit actors — including terrorists, drug traffickers and North Korean hackers — have stepped up their use of stablecoins since the group’s last report on digital assets...
-
How The Trump Family Is Going All-In On Crypto Projects
Donald Trump is already the richest person to have ever become US president, and his non-crypto holdings include significant investments in real estate.
-
Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen
Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion (roughly Rs. 13,008 crore) worth of tokens. The Dubai-headquartered platform, which is not available in the US, had roughly $16.2 billion (roughly Rs. 1,40,489 crore) in assets on its exchange prior to being hacked.
-
Trumps Memecoin Can Now Be Used to Buy Watches and Sneakers
Donald Trump's memecoin had a total market cap of $5.4 billion on Tuesday afternoon in New York.
-
US President Donald Trump Signs Executive Actions Related to Crypto, AI
The crypto order creates a working group to advise the White House on digital asset policies and will include the involvement of key federal agencies, like the Treasury Department, Justice Department, Securities and Exchange Commission and the Commodity Futures Trading Commission.
-
US President-Elect Donald Trump Said to Plan Elevation of Cryptocurrency as a National Priority
The order is expected to name crypto as a national imperative or priority — strategic wording intended to guide government agencies to work with the industry, according to people familiar with the matter.
-
Banks Want In on Tether’s Billions in Stablecoin Profits
Traditional banks are seemingly taking efforts to experiment with stablecoins after Tether boasted of billions in profits. Earlier this year, Societe Generale - Forge made its Euro-backed stablecoin. Oddo BHF SCA and London-based Revolut are also working on stablecoins.
-
Wash Trading Remains ‘Widespread’ in DeFi, Researcher Kaiko Says
The wash trading strategy used to boost the FBI-created token NexFundAI remains a common practice on decentralised-finance exchanges (dexes), and can be encountered on certain centralised exchanges as well, according to researcher Kaiko.
-
Crypto Fraud Increased 45 Percent in 2023 to $5.6 Billion, FBI Says
The FBI Internet Crime Complaint Center received nearly 69,500 complaints from consumers in the US and abroad last year. Call center frauds, such as government impersonation scams, accounted for about 10 percent of cryptocurrency losses.
-
Ethereum's Dencun Upgrade Expected to Dramatically Lower Costs for Layer 2 Blockchains
Using the world’s most commercially successful blockchain ecosystem is about to get much cheaper after the latest software upgrade of the Ethereum network. The upgrade is being hailed as the most significant change in Ethereum ecosystem’s end user experience ever — and it will be much more noticeable to consumers than the well-known September...
-
Binance Removes US CEO, Fires Over 100 Employees Amid Crypto Crackdown
Binance US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, according to a company spokesperson.
-
Coinbase Tests Commission-Free Subscription Cryptocurrency Trading Service
Coinbase is testing a subscription service that lets customers trade on the biggest US cryptocurrency exchange without paying fees for each trade.
-
This Ivy League College Will Accept Crypto Payment For One Course
The Wharton School at the University of Pennsylvania, one of the nation's premier business schools, plan to accept cryptocurrency as tuition for its online blockchain and digital assets program.
-
Discord Bans WallStreetBets Investor Coalition for Allowing Hateful Speech
WallStreetBets, the investor coalition that gained fame for boosting stocks from its perch on Reddit, was banned by the communications platform Discord for not doing enough to stem hateful speech.
-
Cryptocurrency Market Value Tops $1 Trillion as Bitcoin Breaches $37,000
The total market value of cryptocurrencies surpassed $1 trillion (roughly Rs. 73,12,050 crores) for the first time Thursday amid a frenzied and volatile rally in Bitcoin to yet another record.
