Bitcoin plunged on Tuesday, cutting short its recent rally as fears of a renewed U.S.-China trade war rattled global markets and drove investors into traditional safe havens like gold. The sharp selloff followed President Donald Trump’s announcement of 100% tariffs on Chinese imports, a move that wiped out nearly $500 billion in total crypto market […]
Citigroup is preparing to roll out its long-awaited crypto custody service by 2026, marking another step in Wall Street’s expanding embrace of digital assets. According to Biswarup Chatterjee, Citi’s global head of partnerships and innovation, the bank has been working on the custody solution for over two years and is now moving closer to market […]
The U.S. Department of Justice has announced the seizure of $15 billion in bitcoin, marking the largest cryptocurrency forfeiture in its history. Prosecutors said the funds were linked to a massive “pig butchering” fraud scheme operated out of Cambodia. An indictment unsealed in federal court in Brooklyn on Tuesday charged Chen Zhi, also known as […]
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are holding a high-stakes joint roundtable on digital asset regulation today, from 1:00 to 5:30 P.M. ET, streamed live on SEC.gov. Opening remarks will be delivered by SEC Chair Paul S. Atkins and CFTC Acting Chair Caroline D. Pham, with closing commentary […]
NEW YORK — Bitcoin pulled back on Monday, cooling off after hitting a one-month high last week, as traders looked beyond the Federal Reserve’s latest rate cut and awaited fresh signals on the U.S. economic outlook. The world’s leading cryptocurrency slipped 2.5% to $113,000 as of 09:39 ET (13:39 GMT), retreating from last week’s peak […]
Coinbase CEO Brian Armstrong joined fellow crypto leaders on Capitol Hill this week in a heated policy battle with the banking industry — a fight that could impact trillions of dollars in deposits. Banking advocacy groups are lobbying lawmakers to ban crypto exchanges from offering stablecoin rewards, arguing that such perks mimic traditional bank interest […]
Eric Trump on Friday voiced strong confidence that Bitcoin will eventually reach a $1 million valuation, speaking at the Bitcoin Asia 2025 conference in Hong Kong — the first stop in a series of Asian crypto events featuring the Trump family. Sharing insights on his deep involvement in digital assets, Eric Trump said, “I truly […]
Shares of TeraWulf surged more than 10% after Google boosted its investment in the bitcoin mining and datacenter operator, backing the expansion of its Lake Mariner facility in New York. The deal adds up to $1.4 billion in fresh backstop funding, raising Google’s total commitment to about $3.2 billion and increasing its ownership stake from […]
The cryptocurrency market kicked off the week on a volatile note, with more than half a billion dollars in leveraged positions wiped out amid renewed macroeconomic worries. Bitcoin slipped 2% to $115,255 after briefly plunging to $114,706, just days after setting a new all-time high of $124,496. Ether also pulled back 4% to $4,283, retreating […]
Bitcoin has inched closer to its historic high following a sharp overnight surge, while Ethereum climbed to price levels last seen in 2021. At last check, Bitcoin was trading around $118,981.86, showing stability after touching higher levels earlier in the day. Ethereum held firm at $4,256.90, just after breaking above $4,000 on Friday — its […]