Crypto
Two cryptocurrency billionaires have made unprecedented donations totaling £72 million to Nigel Farage's Reform UK party, underscoring the increasing influence of digital asset wealth in political funding. The contributions, made within 48 hours, have sparked discussions about transparency and the impact of significant individual donations on the political landscape.
Crypto
Legislators in the United States and abroad are advancing bills that target artificial‑intelligence services and cryptocurrency activities, linking climate penalties to mining and opening banks to digital assets. The moves arrive as investors warn of systemic ties between AI development and Bitcoin, while market prices slide.
Crypto
Fintech firm Revolut admitted that it mistakenly supplied customers' identity documents and complete Bitcoin transaction records to a fraudulent email appearing to be from a government agency. The breach, affecting a limited number of users, raises concerns about KYC processes in the crypto sector.
Crypto
The digital bank Revolut confirmed that a spoofed email from a government domain led it to disclose identity documents and cryptocurrency transaction histories of a limited number of customers. No funds were taken, but the breach raises fresh concerns over KYC security in the crypto sector.
Crypto
Nigel Farage’s Reform UK party was given two £36 million donations by crypto entrepreneurs Ben Delo and Christopher Harborne, totaling about $97 million. The contributions are the largest single political gifts in UK history and have sparked debate over crypto money in politics.
Crypto
Law enforcement in central Mexico discovered a concealed cryptocurrency mining operation in the mountains, raising concerns about illicit mining as a revenue source for drug cartels. The find comes amid heightened scrutiny of crypto’s role in organized crime and a volatile market for digital assets.
Crypto
Caroline Ellison, former CEO of Alameda Research and a central figure in the FTX collapse, has taken a new position at the nonprofit charity Manifund. This move comes as the cryptocurrency market grapples with a period of intense scrutiny and efforts towards redemption.
Crypto
Spot Bitcoin Exchange-Traded Funds (ETFs) have experienced substantial net outflows over recent days, with figures ranging from $13.2 million to $462.7 million on specific dates, and a cumulative $3.8 billion noted by Yellow.com. This trend contrasts sharply with strong inflows into Ethereum and XRP-backed funds, signaling a potential shift in institutional investor sentiment.
Crypto
Blockstream says it will not pay a ransom demanded by hackers who stole roughly 4,000 Bitcoin from its Liquid sidechain, labeling the act theft. The company has recovered about 85% of the funds and warned that paying would set a dangerous precedent.
Crypto
Bitcoin fell to just under $77,000, a 5% weekly drop, as U.S. CPI and PPI data lifted expectations of a Federal Reserve rate hike to around 70%. The move dragged most major cryptocurrencies lower and sparked over $386 million in liquidations.
Crypto
Sam Bankman-Fried has filed a petition for the U.S. Supreme Court to overturn his 2023 fraud conviction and the $11 billion asset forfeiture ordered after the collapse of FTX. His lawyers argue that crucial evidence was excluded and that the financial penalty is excessive.
Crypto
Prediction market operator Kalshi intends to seek U.S. regulatory approval for approximately 60 perpetual futures contracts tied to individual stocks and exchange-traded funds (ETFs). This move introduces a significant cryptocurrency trading instrument into traditional equities, following Kalshi's recent launch of gold and silver perpetual futures.