Crypto

Crypto news: Bitcoin, markets, regulation, exchanges and the projects behind them.

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Bank of England to Oversee Stablecoin Innovation in New Mandate

The Bank of England is set to receive a new innovation mandate that explicitly covers stablecoins and digital payments, signaling the UK government's push to become a global crypto hub while maintaining its traditional focus on financial stability. The move, reported by Cointelegraph, comes as part of broader regulatory reforms under the Financial Services and Markets Act 2023, giving the central bank a dual role of promoting innovation and safeguarding the financial system.

Crypto

Ethereum Developers Propose First Step to Quantum-Proof Staking

Ethereum developers have published a draft proposal that would allow validators to submit deposits using quantum-resistant keys, marking the first concrete step toward protecting the network's staking layer from future quantum attacks. If adopted, the upgrade would eventually permanently stop accepting deposits made with the current elliptic curve format, a foundational change to how the blockchain secures billions in staked assets.

Crypto

Las Vegas Businessman Convicted of $24 Million Crypto Ponzi Scheme Promising 'AI Supercomputer' Mining Returns

A federal jury in Nevada has convicted Las Vegas businessman Brent Kovar on 15 counts of fraud and money laundering for operating a $24 million Ponzi scheme that promised investors extraordinary returns from a non-existent cryptocurrency mining operation powered by an alleged 'AI supercomputer.' The scheme, which ran from 2017 to 2021, bilked approximately 400 investors out of millions by falsely claiming the company held hundreds of millions in crypto reserves and offered a 100% money-back guarantee.

Crypto

BlackRock Reportedly Slashes Bitcoin ETF Swap Minimum to $1 Million, Opening Door for Smaller Whales

BlackRock has reportedly cut the minimum size for in-kind swap transactions in its iShares Bitcoin Trust (IBIT) from $5 million to $1 million, according to a report on Wednesday. The move lowers the barrier for bitcoin whales — large holders of the cryptocurrency — to exchange their self-custodied bitcoin directly for ETF shares, a process that could deepen liquidity and broaden institutional participation in the largest spot bitcoin ETF by assets under management.

Crypto

Chainalysis-Led ‘Operation Lighthouse’ Flags 7,700 Crypto Accounts in Child Abuse Probe

A public-private initiative coordinated by blockchain analytics firm Chainalysis has identified more than 7,700 suspect accounts tied to child sexual abuse material (CSAM) after combing through transactions on 11 cryptocurrency exchanges and payment services, the company announced Tuesday. Dubbed Operation Lighthouse, the effort produced 14,300 investigative leads that have been shared with law enforcement agencies globally.

Crypto

Bitcoin Breaks $80,000 as Treasury Bond-Buyback Expansion Fuels Rally; Solana Outperforms Ahead of Supply-Cut Vote

Bitcoin surged past the $80,000 mark on Tuesday, extending a weekly rally of more than 25% that market participants attribute to the U.S. Treasury's expanded bond-buyback program. Meanwhile, Solana led major cryptocurrencies with an 8% gain as validators prepare to vote on a proposal to slow the creation of new SOL tokens and increase the daily burn rate, potentially tightening supply.

Crypto

Crypto Card Spending Surpasses $1 Billion as Stablecoins Fuel Everyday Purchases and AI Agent Payments Emerge

Crypto-powered card spending has topped $1 billion in tracked volume, more than tripling year-over-year, as stablecoins increasingly fund everyday purchases such as groceries, rides and subscriptions. At the same time, a Coinbase executive has described the current stage of AI agent payments as the ‘Napster/LimeWire era,’ suggesting that automated agents could become the next billion users for crypto payments.

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