Two individuals from the UK, Raymondip Bedi and Patrick Mavanga, have been sentenced to a combined total of 12 years in prison for their involvement in a $2.1 million cryptocurrency fraud, following a prosecution by the FCA. Between February 2017 and June 2019, the pair cold-called victims, selling fake investments in cryptocurrency and defrauding at […] Source
Category: Exchanges
BlackRock’s Bitcoin Exchange-Traded Fund (IBIT) Just Two Spots Away From Being Firm’s Top Revenue-Generating ETF: Bloomberg Analyst
BlackRock’s iShares Bitcoin Trust ETF (IBIT) is already generating substantial revenue for the world’s largest asset manager, despite being on the market for less than two years. In a new post on the social media platform X, Bloomberg analyst Eric Balchunas says that IBIT needs to grow its fund’s assets by less than $10 billion to rank as BlackRock’s top revenue-generating exchange-traded fund (ETF). “IBIT is now the third-highest revenue-generating ETF for BlackRock out of 1,197 funds, and is only $9 billion away from being #1. Just another insane stat…
Top US Crypto Exchange by Trading Volume Coinbase Adds Support for Leading Cross-Chain Messaging Protocol Wormhole (W)
The top US crypto exchange platform by trading volume is abruptly adding support for Wormhole (W), causing the native asset of the cross-chain messaging project to rally briefly. In a new announcement, Coinbase Assets says it’s adding Wormhole, an interoperability project that allows communication between blockchains, to its suite of digital asset products. “Wormhole (W) is now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the addition sent W flying,…
AEON Partners With Mesh to Unlock Crypto Payments From Major Exchanges and Wallets
This content is provided by a sponsor. PRESS RELEASE. AEON, the next-generation crypto payment framework, has integrated Mesh, the first global crypto payments network, into its full suite of crypto payment solutions. This partnership allows users to seamlessly spend crypto directly from their exchange accounts and personal wallets across both online and offline merchants within […] Source
US Crypto Exchanges a ‘Blind Spot’ in North Korea Laundering Scheme
North Korean developers, operating as fake freelancers, have reportedly amassed over $16.5 million this year by infiltrating crypto and traditional tech companies, according to crypto sleuth ZachXBT. U.S. Exchanges Used to Launder Funds According to online crypto scam investigator ZachXBT, a total of $16.58 million has been paid to North Koreans hired as developers at […] Source
Peter Thiel and Billionaire Consortium To Launch New Bank Serving Cryptocurrency Startups: Report
PayPal co-founder Peter Thiel and a handful of other tech billionaires are reportedly launching a new bank partially dedicated to serving crypto startups. According to a new report from Financial Times, Thiel and other investors – such as the CEO of military contracting company Anduril – to create a bank called Erebor, which references to popular fantasy series The Lord of the Rings. FT says the billionaires intend for the bank to serve crypto startups and take the place of Silicon Valley Bank (SVB), a crypto-friendly bank that ended up…
R0AR’s $1R0R Token Roars onto MEXC Exchange, Expanding DeFi Accessibility
July 2nd, 2025 – Sheridan, Sheridan R0AR, a decentralized finance (DeFi) platform, has announced the listing of its native token, $1R0R, on the cryptocurrency exchange MEXC. This milestone marks a significant step in making $1R0R more accessible to traders worldwide, following its successful debut on BitMart just weeks ago. The $1R0R token, built on the Ethereum ERC-20 network, powers R0AR’s unified ecosystem, which includes the R0AR Wallet, R0ARchain (a high-speed, low-cost Ethereum Layer 2), and the upcoming AI-driven R0ARacle. This listing on MEXC, known for its high liquidity and user-friendly…
Iranian Crypto Exchange Begins Wallet Restoration After $90M Hack
The Iranian cryptocurrency exchange Nobitex has begun a phased resumption of user wallet access following a significant hack that resulted in the loss of over $90 million. Focus on Spot Wallets The recently hacked Iranian cryptocurrency exchange, Nobitex, has begun a phased resumption of user wallet access following the incident. The move marks a key […] Source
Bitcoin Supply Shock? Percentage of BTC on Exchanges Drops Below 15%
Key takeaways: Bitcoin’s percent supply on exchanges has dropped below 15% for the first time since 2018. Depleting exchange supply and OTC balances, pointing to “supply shock” and long-term accumulation. BTC price must remain above $100,000 to secure the upside. Bitcoin exchange reserves have fallen below 15%, suggesting a supply shock as institutional demand from exchange-traded funds (ETFs) grows. Percentage of BTC on exchanges drops to seven-year lows Bitcoin (BTC) percent supply on exchanges has dropped to near seven-year lows, falling to 14.5% for the first time since August 2018,…
Euronext Confirms Talks to Buy Greek Exchange Operator ATHEX
Euronext has confirmed it is in discussions with the board of Hellenic Exchanges-Athens Stock Exchange (ATHEX) over a possible acquisition of the Greek market operator. The potential transaction would be structured as a share exchange, valuing ATHEX at €6.90 per share and the entire capital of the company at €399 million. In a statement released on Monday, Euronext said the proposed deal would involve a fixed conversion rate of 21.029 ATHEX ordinary shares for each new Euronext share. Based on Euronext’s closing price of €145.10 on June 30, the offer…