News

While Bitcoin and other major cryptocurrencies tumbled, a free grid trading bot on OKX generated a 106% profit on 1INCH for Dutch users, highlighting the potential of automated strategies in volatile markets.

The crypto market turned optimistic after the probability of a December Fed rate cut nearly doubled, sparking hopes that bitcoin’s recent decline may have bottomed out.

As the cryptocurrency market matures, governments worldwide are implementing new laws and tax regulations. This shift, which includes new tax frameworks in the US, Brazil, and South Korea and allows banks to hold crypto assets, signals that crypto is becoming a serious part of the global financial system.

A major UK criminal network laundered billions from drugs and human trafficking into cryptocurrency, with funds flowing to sanctioned Russian interests. The NCA’s investigation, aided by blockchain transparency, led to numerous arrests and the seizure of millions in assets.

Cardano’s blockchain suffered a chain-split caused by a malformed transaction, leading founder Charles Hoskinson to call in the FBI. The network has since been stabilized, but community concerns over transaction security persist.

Dutch crypto analyst Michaël van de Poppe calls the current market the worst since 2018, citing ’total capitulation.’ He attributes the crash to the unwinding of Japan’s carry trade and reveals a painful 75% loss in his own altcoin portfolio.

Worldcoin’s price is in a steep decline, dropping over 30% in the last month. The downturn is fueled by increasing regulatory scrutiny and bans in several countries, like Colombia, over concerns about data privacy and the handling of biometric information.

Ethereum founder Vitalik Buterin warns that quantum computers could be powerful enough to break the cryptography securing Bitcoin, Ethereum, and other cryptocurrencies as early as 2028, posing an urgent threat to blockchain security.

The U.S. government is investigating Chinese mining hardware giant Bitmain over concerns its equipment could be used by China to remotely destabilize the American power grid, posing a significant national security risk.

U.S. Treasury Secretary Scott Bessent made an unannounced visit to the new Pubkey bitcoin bar in Washington D.C., a move seen by the crypto community as a strong signal of long-term support despite market uncertainty and a lack of clear policy on a strategic Bitcoin reserve.