Tag: Report

Novogratz Appears in Court Over Failed BitGo Deal: Report

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Galaxy Digital founder Mike Novogratz appeared in court on Tuesday to face off against BitGo CEO Mike Belshe in a long-running legal fight over a failed proposed $1.2 billion merger in 2021. The planned deal was the largest-ever crypto merger at the time, set to create a massive conglomerate offering a suite of services at a time when investor interest in crypto was high. Galaxy called off the deal in August 2022 as the crypto market was reeling from the collapse of the Terra ecosystem. BitGo has asked Galaxy to…

Crypto tax evaders test Ordinals but leave Bitcoin trail: Chainalysis report

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Chainalysis said Italian authorities traced a tax evasion case involving Bitcoin Ordinals and BRC-20 tokens, showing how new crypto assets are becoming part of tax probes. Summary Italian investigators traced over €1 million in alleged undeclared gains tied to Bitcoin Ordinals activity. Chainalysis said BRC-20 tokens helped hide income, but public blockchain records exposed transaction flows. Crypto tax enforcement is widening as lawmakers debate small payments, staking, and reporting rules. Italy’s Guardia di Finanza uncovered a case in which a suspect allegedly used Bitcoin Ordinals and BRC-20 tokens to build…

Iran eyes Bitcoin linked insurance model for Strait of Hormuz shipping: report

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Iran has reportedly explored an insurance-based system for ships crossing the Strait of Hormuz, while unverified claims about Bitcoin-linked payments have added fresh uncertainty around how the wartime transit regime could operate. Summary Iran has reportedly explored an insurance system for ships crossing the Strait of Hormuz, with speculation emerging around possible Bitcoin-based payments. Fars News denied reports that Tehran is already collecting crypto tolls, even as shipping firms face scam messages demanding Bitcoin or USDT for safe passage. U.S. authorities recently froze $344 million in USDT tied to Iran,…

Bitcoin bulls defend $80K support after hot U.S. CPI report, will BTC reclaim $85K?

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Bitcoin price held firmly above the key $80,000 psychological support on Tuesday after hotter-than-expected U.S. CPI data briefly triggered volatility across risk assets, with bulls now attempting to regain momentum toward the $85,000 region. Summary Bitcoin price held above the $80,000 support zone after hotter-than-expected U.S. CPI data triggered brief market volatility. CryptoQuant’s market cycle signal flipped Bitcoin into early bull territory for the first time since March 2023. CoinGlass liquidation data shows major liquidity clusters near $84,000–$85,500 as traders watch the CLARITY Act catalyst. According to data from crypto.news,…

Bitcoin Drops To 2 Cents! Revolut Users Report Massive BTC Price Glitch

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A third-party provider failure caused Revolut’s app to show wildly inaccurate crypto prices on Friday, the company confirmed, after users flooded social media with screenshots of Bitcoin listed at just 2 cents. Related Reading Third-Party Provider Blamed For Pricing Chaos Revolut acknowledged the problem in a public statement, saying engineers were working on a fix and urging customers to check its status page for updates. Hi. We want to help resolve the issues you’re facing with the Bitcoin price notification. We’re currently experiencing issues affecting some of the app’s functionalities.…

Crypto Exchanges Pushed US Lawmakers to Bar Provision on Risky Tokens: Report

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Earlier in 2026, as a digital asset market structure bill was under consideration in the US Senate, cryptocurrency exchanges Coinbase, Kraken and Gemini reportedly pressed to remove language in the legislation that could have affected their token listings. According to a Friday Politico report, the three exchanges asked US lawmakers to scrap a provision in the market structure bill that would have required platforms to only offer trading on digital assets “not readily susceptible to manipulation.” The companies reportedly pressed senators to remove the language as it could have made…

BTC Flash Crash Alerts Hit Revolut as Users Report Crypto Price Glitches

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Revolut users reported that the app briefly displayed Bitcoin prices plunging to around $39,900 on Friday, while some traders also received notifications suggesting extreme price moves, including that BTC had reached a 52-week low of 2 cents. Users further reported on X apparent simultaneous price drops across multiple cryptocurrencies, including XRP and Solana (SOL), as well as stablecoins such as USDt (USDT) and USDC (USDC). The anomalies, which quickly reversed, appear to have been confined to the Revolut app, with no matching price dislocation visible across aggregated multi-exchange data or…

US Treasury ‘Privately Demanded’ Binance Comply with Monitoring Deal: Report

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Update (May 7 at 9:47 PM UTC): This article has been updated to include a statement from Binance. The US Department of the Treasury reportedly demanded that Binance follow a monitoring program put in place by a 2023 deal between authorities and the cryptocurrency exchange, following reports that the company facilitated $1 billion to entities tied to Iran. According to a Thursday report by The Information, the Treasury Department “privately demanded” that Binance be in compliance with a monitoring program to which it had agreed after reaching a deal with…

Stablecoins Surpass Bitcoin in Latin America Crypto Purchases: Bitso Report

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Digital asset adoption in Latin America is evolving, with more users now converting funds into stablecoins than into Bitcoin — a shift that reflects growing pressure from local economic conditions. According to Bitso’s 2025 report on crypto adoption in Latin America, 40% of crypto purchases in 2025 were US dollar-linked stablecoins such as Tether’s USDt (USDT) and Circle’s USDC (USDC), while Bitcoin (BTC) accounted for 18%. The report marks the first time stablecoin purchases have surpassed Bitcoin in the region. The findings are based on data from Bitso’s nearly 10…

Prediction Markets Hit $25.7B Monthly Volume: Report

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Prediction markets are becoming one of the most active onchain applications, with retail users driving most activity even as participation across much of the broader digital asset market remains subdued. According to a new report by Bitget Wallet and Polymarket, monthly trading volume reached $25.7 billion in March, with more than 80% of users classified as retail, defined as those trading less than $10,000. The figures are broadly consistent with data from Dune Analytics, which recorded $23.7 billion in March trading volume, up from $1.9 billion a year earlier. The…