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Economist Saifedean Ammous sparked fierce debate on social media by questioning the importance of privacy-focused cryptocurrencies like Zcash vs. Bitcoin. Bitcoin advocate Saifedean Ammous ignited a lively debate between Bitcoiners and privacy advocates by questioning the perceived importance of privacy as a key characteristic of money in an exclusive interview with Cointelegraph. “This is the question. How much demand is there for money that does not get debased versus how much demand is there for money that allows you to maintain your privacy?” Ammous said. Ammous, the author of “The Bitcoin Standard,” described Zcash as a “shitcoin” and raised concerns about the initial launch of the project, which involved a trusted setup ceremony in 2016 to generate the cryptographic parameters for its privacy features. Read more
Bitcoin needs to regain momentum with higher trading volumes for BTC to clear the next big hurdle at $92,000-$95,000 and return to new all-time highs. Bitcoin’s (BTC) relief rally to $91,000 appears to be cooling, but analysts say the short-term trend for BTC “remains up.” Key takeaways: Bitcoin must next take out immediate resistance between $92,000 and $95,000. Read more
The crypto industry rushed to the aid of Hong Kong residents who suffered the city’s most devastating fire in 80 years, claiming the lives of at least 128 people. Some of the world’s biggest cryptocurrency exchanges and Web3 companies have pledged millions of dollars to support victims of the deadly fire at the Wang Fuk Court apartment complex in Hong Kong’s Tai Po District, highlighting the sector’s growing role in real-world relief efforts. Three centralized crypto exchanges (CEXs) have publicly pledged to donate $24.78 million Hong Kong dollars ($3.19 million) to aid the victims of the devastating fire, which claimed the lives of at least 128 residents. The donations included $1.5 million from Bitget exchange, $1.28 million from Binance, and about $256,000 from KuCoin exchange. Read more
Wemade’s new GAKS alliance brings Chainalysis, CertiK and SentBe together to support a compliant KRW stablecoin mainnet after multiple setbacks. Blockchain gaming company Wemade is pushing for a Korean won-based stablecoin ecosystem, forming a Global Alliance for KRW Stablecoins (GAKS) with Chainalysis, CertiK and SentBe as founding partners. Wemade announced that the alliance will support StableNet, a dedicated mainnet for Korean won-backed stablecoins, with publicly released code and a consortium model that aims to meet institutional and regulatory requirements. Within the partnership, Chainalysis will integrate threat detection and real-time monitoring, while CertiK will handle node validation and security audits. Read more
Licensed by Austria’s Financial Market Authority, KuCoin EU can operate across 29 EEA countries, excluding Malta. Major cryptocurrency exchange KuCoin is the latest company to secure a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework. KuCoin’s European arm, KuCoin EU, secured a MiCA license from the Financial Market Authority of Austria, the company said in a statement shared with Cointelegraph on Friday. The authorization allows KuCoin EU to offer crypto asset services across 29 countries in the European Economic Area (EEA), excluding Malta, according to the exchange’s representatives. Read more
Tokenization promises faster and cheaper markets, but the IMF warns that new risks and government intervention will accompany the shift to programmable finance. The IMF dropped an explanatory video on its X handle today exploring the new phenomenon of tokenized markets. The international body responsible for ensuring the stability of the global monetary system recognized the advantages of tokenized markets in the video, but warned that they can be prone to flash crashes and are more volatile than traditional markets. “Tokenization can make financial markets faster and cheaper, but efficiencies from new technologies often come with new risks,” the video said. Read more
South Korea’s AML overhaul introduces stricter reporting, bans offenders from owning VASPs and implements preemptive freezes to prevent illicit crypto flows. South Korea is preparing one of its toughest Anti-Money Laundering (AML) crackdowns as it plans to expand its crypto Travel Rule to cover transactions under 1 million won ($680). According to a Yonhap News report, the chairman of the country’s Financial Services Commission (FSC), Lee Eok-won, revealed the plans to the National Assembly’s Legislation and Judiciary Committee on Wednesday, saying that the government will crack down on money laundering activities that exploit crypto transactions. “We will crack down on crypto money laundering […] expanding the Travel Rule to transactions under 1 million won,” he said, according to a translated version of his comments. Read more
How the $36 million hack of Upbit led to surging altcoin prices, China’s mining ban less effective than ever, Thailand vs WRLD: Asia Express Korean crypto traders are having an outsize effect on local altcoin prices following a major hack at South Korean exchange Upbit, according to CryptoQuant CEO Ki Young Ju. Upbit got hacked and paused withdrawals, but Koreans are pumping alts since arbitrage bots are no longer running, Ju said in an X post on Thursday, shortly after the exchange halted transaction activity after detecting an abnormal transaction with a value of around $36 million. With arbitrage activity suspended, local buy orders are having more significant pressure on prices, allowing Korean-listed altcoins to surge, as the selling pressure that typically puts a ceiling on price increases has disappeared. Read more
ETH investor sentiment wavers as onchain activity and bearish derivatives positioning leave whales unconvinced, reducing the odds for a rally to $4,000. Key takeaways: ETH derivatives exhibit a fading bullish appetite as Ethereum’s TVL declines and network fees decrease, reinforcing persistent risk aversion. US job layoffs climb, and seasonal hiring weakens, leaving traders waiting for fresh liquidity before rebuilding confidence in ETH’s near-term upside. Read more
The small nation’s Ether staking adds to its expanding blockchain activity as it remains one of the few governments holding Bitcoin. Blockchain data shows the Royal Government of Bhutan has staked 320 Ether (ETH) worth roughly $970,000 through Figment, marking the latest onchain activity from the Himalayan state as it expands its crypto holdings and validator operations. Figment is a staking provider that helps large investors and institutions stake digital assets across multiple blockchains and earn rewards for securing proof-of-stake networks. The move adds to a growing wave of Ethereum-focused activity from Bhutan. In October, the South Asian nation of roughly 800,000 people began migrating its self-sovereign digital ID system from Polygon to Ethereum, allowing residents to verify their identities and access government services on the network. Read more
The financial services giant has filed with the US Securities and Exchange Commission to launch a leveraged BTC financial product. Members of the Bitcoin community and supporters of Strategy, the largest corporate holder of BTC, are criticizing JPMorgan’s proposed Bitcoin-backed notes, accusing the bank of spreading fear, uncertainty and doubt about Strategy and other crypto treasury firms. JPMorgan’s notes are a leveraged investment product tied to the price of Bitcoin (BTC). The product tracks BTC but amplifies the outcome, giving holders 1.5 times the gains — or the losses — through December 2028. The notes are slated for a December 2025 launch, according to an SEC filing. The move drew sharp criticism from the Bitcoin community, with many saying that JPMorgan is now a direct competitor to BTC treasury companies and has an incentive to marginalize companies like Strategy to promote its own structured financial product. Read more
The asset manager’s hybrid rollout enables investors to choose between the traditional fund and a new blockchain-based version recorded on Ethereum. Amundi, Europe’s largest asset manager, has introduced its first tokenized share class for a euro money market fund. The fund is now offered in a hybrid structure, allowing investors to choose between the traditional version and the new blockchain-based one. The first transaction was recorded on the Ethereum network on Nov. 4. The rollout was developed in collaboration with CACEIS, a European asset-servicing group that provided the tokenization infrastructure, investor wallets, and the digital order system used to process subscriptions and redemptions. Read more
Ethereum traders ramped up leverage as futures dominance surged and key technical levels came into play. Will ETH bulls succeed in catalyzing a rally to $3,400? Ethereum (ETH) traders are quietly rotating back into leverage, with fresh futures data signaling a major shift in market positioning as ETH approaches a critical technical zone. Key takeaways: Ether leads all major crypto assets in the futures-to-spot ratio, with the current rating at 6.84. Read more
Bitcoin bulls need to pump more volume into the spot and futures market in order for the current BTC bounce to hold above $90,000. Bitcoin (BTC) reclaimed $90,000 this week, but onchain data indicated that the move sat on shaky grounds. Despite a strong cost-basis cluster, demand, liquidity, and futures activity remained thin. Key takeaways: The $84,000 cost-basis cluster held 400,000 BTC, but spot demand above it remains shallow. Read more
The proposal details how roughly $8 million recovered from the $116 million November hack would be distributed to victims. Two members of the Balancer protocol community submitted a proposal on Thursday outlining a distribution plan for a portion of the funds recovered from the protocol’s $116 million November exploit. About $28 million from the $116 million heist was recovered by white hat hackers, internal rescuers, and StakeWise — an Ether liquid staking platform. However, the proposal covers only the $8 million recovered by white hat hackers and internal rescue teams, while the nearly $20 million retrieved by StakeWise will be distributed separately to its users. Read more
The listing brings the Solana-based token into one of Europe’s largest stock markets, even as memecoin valuations continue to slide in 2025. Solana-based memecoin Bonk is now trading on Switzerland’s SIX Swiss Exchange after Bitcoin Capital listed a regulated exchange-traded product (ETP) tied to the token. The listing brings the memecoin into one of Europe’s largest stock markets, allowing investors to gain exposure to Bonk (BONK) through standard brokerage accounts, removing the need for wallets or direct token custody. BONK is a dog-themed memecoin on Solana that launched on Christmas Day 2022 through a community airdrop. It brands itself as “the first Solana dog coin for the people, by the people.” Read more
Veteran trader Alessio Rastani breaks down his bullish outlook for Bitcoin in the coming months in a new Cointelegraph interview. With Bitcoin sliding from its recent all-time high and market sentiment sinking into extreme fear, many investors are convinced the bull run is over. While social media is filled with predictions of a deep bear market and analysts claiming the next true bottom won’t arrive until 2026, trader Alessio Rastani sees a different picture. In an interview with Cointelegraph, Rastani explains why the recent drop may not signal the start of a prolonged bear cycle. Instead, he argues that the data points to a historically recurring setup that has preceded strong rallies roughly 75% of the time. According to Rastani’s charts, this setup has appeared after several past death cross events, the same pattern that many traders wrongly interpret as a bearish omen. Read more
The crypto treasury firm, which holds Trump-linked World Liberty Financial (WLFI) tokens on its balance sheet, has replaced two senior executives. ALT5 Sigma, a crypto treasury company with ties to US President Donald Trump, replaced CEO Jonathan Hugh and cut ties with chief operating officer Ron Pitters in November as part of a broader leadership overhaul. Tony Isaac, the president of ALT5 Sigma and a member of the company’s board of directors, has been appointed as acting CEO, while the company works with Hugh to “finalize the terms of his departure,” according to a Securities and Exchange Commission (SEC) filing submitted on Wednesday. ALT5 Sigma’s crypto treasury strategy includes purchasing tokens from World Liberty Financial (WLFI), a decentralized finance platform tied to the Trump family. Read more
Solana struggles with recovery due to weakening network activity, a declining TVL, and negative ETF flows, as a classic chart pattern targets $100. SOL’s (SOL) recent recovery stalled at $145 as Solana ETF flows flipped negative for the first time since launch. Key takeaways: Solana TVL drops 20% in November, with a 16% decline in network fees, signaling weak network demand. Read more
Zcash and other privacy tokens are rallying against a weaker market as regulatory pressure, delistings and AML rules reshape this niche sector. Privacy tokens, such as Zcash, have posted gains, while the overall crypto market cap and Bitcoin have dropped sharply. The rally is happening against a tightening policy backdrop with FATF pressure, new EU AML rules and a growing list of privacy coin delistings. Sanctions cases and prosecutions involving mixers and wallets have raised questions about the line between infrastructure and money transmission, pushing compliance teams toward cautious de-risking. Read more5759 items