US Opens Compensation Claims for OneCoin Victims

The US Department of Justice has launched a compensation process for victims of the $4 billion crypto Ponzi scheme OneCoin, using forfeited assets taken from some of the scheme’s architects. The Justice Department said on Monday that more than $40 million in forfeited assets is available to compensate anyone who purchased OneCoin between 2014 and 2019 and recorded a net loss. Jay Clayton, the US Attorney for Manhattan, said the compensation process was โ€œan important step toward returning funds to those harmed.โ€ OneCoin was launched in 2014 with the goal…

XRP Could Face Big Moves Based On CLARITY Act Outcomes โ€“ 3 Key Price Scenarios

A new report released on Monday by market analyst Sam Daodu lays out three potential paths for the XRP price this month, with the deciding factor tied to the US crypto market structure bill known as the CLARITY Act.ย  Daodu expects the bill to reach some kind of resolution within the remaining two weeks of April, and he argues that how the next few days unfold could determine whether XRP continues consolidatingโ€”or breaks out of its current trading zone. Why April Holds The Key According to Daodu, the Banking Committee…

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Bitcoin Bears See $50K Before Any Recovery

Several crypto analysts still believe that there will be a final flush out that sends Bitcoin prices as low as $50,000 before the cryptocurrency is able to mount a measurable recovery. Bitcoin (BTC) trader and author Ivan Liljeqvist posted to X on Tuesday that Bitcoin is yet to have โ€œthe big flush.โ€ โ€œI donโ€™t think weโ€™ve had it yet, I donโ€™t think $60,000 was the bottom,โ€ he added. โ€œTrend is still down.โ€ Liljeqvist said the few bounces that Bitcoin has seen โ€œare tinyโ€ in comparison to its wider price trend,…

Bitcoin, Ether ETFs See Nearly $1 Billion in Weekly Inflows โ€“ Markets and Prices Bitcoin News

Key Takeaways Bitcoin ETFs gained $786 million and ether $187 million from April 6โ€“10, led by Blackrock IBIT demand. IBIT and ETHA drove flows, while Grayscale GBTC outflows show uneven investor confidence. XRP added $11.75 million but solana lost $5.6 million, signaling selective inflows may continue for altcoin ETFs. Crypto ETFs Rebound With Strong Weekly Inflows The week began with force and it ended with conviction. After a choppy stretch, crypto ETFs delivered a decisive rebound between April 6 and April 10, with capital returning in size to both bitcoin…

Banks Criticize White House Report Favoring Stablecoin Yield

The American Bankers Association (ABA) has criticized a White House report that claimed banning stablecoin yields would only have a negligible impact on banks, arguing that the conclusion was reached by asking the โ€œwrong question.โ€ The White Houseโ€™s Council of Economic Advisers claimed in a research paper on Wednesday, on the โ€œEffects of Stablecoin Yield Prohibition on Bank Lending,โ€ that under a baseline scenario, banning stablecoin yield may only increase bank lending by $2.1 billion, representing a marginal net increase of about 0.02%. ABA chief economist Sayee Srinivasan and vice…

Bitmineโ€™s Ethereum Holdings Hits 4% Supply Milestone

As Ethereum (ETH) retests a crucial support zone, Bitmine, the second-largest crypto treasury, has announced its latest ETH purchase, which pushed the companyโ€™s holdings closer to its ultimate goal. Related Reading Bitmine Reaches Major 4% ETH Milestone On Monday, the largest Ethereum treasury in the world, Bitmine Immersion Technologies, revealed it had reached a major milestone after purchasing roughly $157 million of ETH in the past week. In its latest update, the company shared that it acquired 71,524 ETH over the past week, its highest pace of buys since the…

Solana (SOL) Knocks on $88, Bulls Aim for $100 Rally

Solana started a fresh increase above the $85 zone. SOL price is now consolidating near $87 and might aim for more gains above the $90 zone. SOL price started a fresh upward move above the $82 and $85 levels against the US Dollar. The price is now trading above $85 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $83.60 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the…

MAJOR WEALTH FIRM LAUNCHES XRP TRADING! COINBASE STOCK, PREDICTION MARKET, & TOKENIZATION!

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Dutch State Lottery Takes Biggest Illegal Gambling Site to Court as Regulator Says โ‚ฌ24M Fine Was Too Low โ€“ iGaming Bitcoin News

Key Takeaways: Nederlandse Loterij sued Qbetโ€™s operators and directors at The Hague, targeting the offshore shell network behind the Netherlandsโ€™ largest illegal gambling site KSA chair said the record โ‚ฌ24.8M fine should have exceeded โ‚ฌ100M but Dutch law caps penalties at 10% of global turnover 53% of Dutch online gambling spend goes to unlicensed platforms, with crypto and anonymous payments cited as aggravating factors The operator filed suit against the operators and directors behind Qbet at the District Court of The Hague, with the first hearing taking place on April…