The creator of Incognito Market, the online black market that used cryptocurrency as its primary payment rail, has been sentenced to 30 years in prison after blockchain transaction analysis cited by US authorities linked him to the platform.The Justice Department…

The Coinbase Premium Gap, which tracks the price difference between Bitcoin on Coinbase and Binance, has fallen to its lowest level in over a year. An analyst said the move may point to weaker relative demand on Coinbase-linked venues, which…

US-based spot Bitcoin exchange-traded fund (ETF) holders are showing relatively firm conviction despite a four-month Bitcoin downtrend, according to ETF analyst James Seyffart.“The ETFs are still hanging in there pretty good,” Seyffart said in an X post on Wednesday.While Seyffart…

Some crypto companies have proposed giving community banks a bigger stablecoin role as Senate negotiations stall over the contentious market structure bill.Crypto companies are reportedly floating concessions relating to stablecoin yields in an attempt to unfreeze the delayed crypto market…

Crypto project Payy, which operates a privacy-focused wallet alongside a crypto banking card, has just launched a privacy-enabled Ethereum layer 2.In an announcement via X on Wednesday, Payy said users can now integrate the network into their MetaMask accounts, and…

Startale Group and Japan’s financial conglomerate SBI Holdings have launched Strium, a layer-1 blockchain designed to support exchange-layer and settlement infrastructure for institutional trading of foreign exchange, tokenized equities and real-world assets (RWAs).The platform is designed as an exchange-layer network,…

The US Commodity Futures Trading Commission has withdrawn a Biden administration-era proposal that would have banned sports and political prediction markets, some of the most popular event contracts today.The recently confirmed CFTC chair, Mike Selig, said on Wednesday that the…

Multicoin Capital’s co-founder, Kyle Samani, said he is stepping down as managing partner of the crypto investment firm after 10 years in the industry. Samani called it a “bittersweet moment” in a post on Wednesday, adding, “I am excited to take…

Pavel Durov, the co-founder of the Telegram messaging platform, sounded the alarm about the Spanish government’s plan to usher in online age verification and restrict social media platforms for individuals under the age of 16.The proposed law will lead to…

Chicago-based derivatives exchange CME Group is weighing the launch of its own digital token as it explores how tokenized assets could be used as collateral across financial markets, according to comments from CEO Terry Duffy.Speaking on a company earnings call,…

Key takeaways:Heavy outflows from Bitcoin exchange-traded funds and massive liquidations show that the market is purging highly leveraged buyers.Bitcoin options metrics reveal that pro traders are hedging for further price drops amid a tech stock sell-off.Bitcoin (BTC) slid below $73,000…

Key points:Bitcoin remains under pressure as the bears attempt to hold the price below the crucial $74,508 level.Several major altcoins are struggling to bounce off their support levels, increasing the likelihood of the resumption of the downtrend.Bitcoin (BTC) bulls attempted…

Bitcoin’s (BTC) struggle to hold above $70,000 carried on into Wednesday, raising concerns that the a drop into the $60,000 range could be the next stop. The sell-off was accompanied by futures market liquidations, a $55 billion drop in BTC…

The comments came during Bessent’s Congressional testimony on Wednesday in a tense exchange with California Representative Brad Sherman.United States Treasury Secretary Scott Bessent testified before Congress on Wednesday and reiterated that the US will retain Bitcoin (BTC) acquired through asset…

Bitcoin fell to its lowest levels since November 2024 after beating its previous bottom, with $70,000 BTC price support and under coming into focus.Bitcoin (BTC) saw a second dip below $73,000 after Wednesday’s Wall Street open as US sellers returned.Key…