Indian scammers use Tether’s USDT to launder funds outside the country
Cybercriminals in the Indian state of Rajasthan are using stablecoins like USDT to funnel illicit loot to scam operators outside the country. According to local media, Rajasthan law enforcement has arrested several money mules who played a critical role in converting over inr 1 crore (approximately $115,546) into Tether (USDT) before funneling it to international […]
Wyoming proposes Bitcoin investments for state funds
Wyoming lawmakers have introduced House Bill 0201, which aims to permit up to 3% of state funds to be invested in Bitcoin. The bill would apply to key funds, such as the general fund and the permanent mineral trust fund, marking a potential milestone in public fund management. If approved, the state treasurer could invest […]
Osprey Funds to convert Bitcoin Trust into ETF as Bitwise acquisition talks end
United States-based Osprey Funds is gearing up to convert its Bitcoin trust into an exchange-traded fund after an acquisition deal with Bitwise fell through. The investment management firm said in a Jan. 14 statement that it would file a Form S-1 with the U.S. Securities and Exchange Commission “as soon as practicable” to convert the […]
Osprey Funds to seek SEC approval to convert Bitcoin trust into ETF
In a separate statement, Osprey said that the deal for Bitwise to acquire the Osprey Bitcoin Trust had been scuttled after failing to get the necessary regulatory approvals. Source link
Bitcoin exchange reserves near 7-year low as hedge funds buy the dip
Despite a potential supply shock-driven rally, Bitcoin currently lacks trading volume to recapture the $100,000 resistance, analysts told Cointelegraph. Source link
Backpack addresses controversy over FTX EU acquisition and customer funds
Cryptocurrency exchange Backpack issued a statement addressing controversy surrounding its purchase of FTX EU. Questions about the sale of FTX EU and who’s responsible for customer funds have sparked a response from Backpack Exchange, after the FTX estate’s statements left some confusion. The issue seems to be around conflicting claims about who owns FTX EU […]
Coinbase CLO shares data on crypto hedge funds debanking, demands for answers
The Coinbase Chief Legal Officer Paul Grewal took to X to demand answers after learning from the AIMA survey that 75% of crypto hedge funds face issues with accessing basic banking services. None of the traditional alternative investment managers (e.g., real estate) experienced similar troubles with the banks. The Grewal’s X post raises questions that […]
6 Bitcoin funds launch in Israel next week: report
The global adoption trend for Bitcoin-related investment products continues to strengthen, with Six new mutual funds set to debut in Israel. According to a report by the Calcalist on Wednesday, Dec. 25, the Israel Securities Authority has given the green light for six mutual funds that will track the price of Bitcoin (BTC). ISA’s approval […]
BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days
BlackRock’s Bitcoin ETF has seen a record bleed on Christmas Eve amid a four-trading day streak of outflows from US Bitcoin funds. Source link
Russia’s Kaspersky warns scammers post crypto wallet seed phrases on YouTube to steal funds
Scammers are exploiting YouTube’s comments section, sharing seed phrases to lure greedy individuals into a multi-signature wallet scam. Bad actors have seemingly found a new way to exploit crypto users by sharing seed phrases, tricking victims into attempting to steal funds from a multi-signature wallet, only to fall victim to the scam themselves. In a […]
