Cryptocurrency

Crypto longs worth $570 million wiped out as Clarity Act fails
Bullish crypto futures bets worth millions have been liquidated in 24 hours. Bitcoin and ether longs have taken in the most losses.

U.S. DOJ seeks $61 million in what it calls Iran's crypto-laundered black market oil sales
Prosecutors have filed a civil forfeiture complaint against what they call Iran's illegal crypto proceeds that are used to fund its military.

From Hawala to Swift: Inside the 1,000-year battle to move money safely
Finance has spent centuries decoupling wealth from physical transport, but constantly erasing friction creates vectors for increasingly high-tech exploits.

The next trillion-dollar currency may not be a stablecoin — it might not even have a name yet
AI agents are coming. They will need to pay each other. Crypto executives agree on the problem but disagree sharply on the solution, and one thinks the answer has not been invented yet.

240 UK taxpayers made more than $1.3 million each from crypto holdings in fiscal 2025
For the first time, the U.K.'s tax office broke out crypto capital gains figures, showing 17,600 people reported $1.87 billion in profits during the 2024-2025 tax year.

Las Vegas businessman convicted in $24 million 'AI supercomputer' crypto Ponzi scheme
Brent Kovar has been found guilty of running a crypto Ponzi scheme, defrauding at least 400 investors out of $24 million.

Kraken adds U.S. stocks in Europe as TradFi-crypto divide blurs
The exchange said it is the first crypto company to offer European customers both traditional U.S. equities and tokenized versions of those assets on a single regulated platform.

BitMart founder dismisses calls for audit as users report blocked funds, unpaid employees
Sheldon Lee said a Chinese-language X account making the claims was hacked. Users want wallets, assets and liabilities disclosed.

Israel’s largest crypto broker Bits of Gold hit by data breach affecting 200,000 customers
Funds and digital assets were not touched, but names, bank account details, and national ID numbers may have been exposed in what the company says was a wider global attack.

Bitget set to exit Japan, close all remaining positions by year-end
The crypto trading platform, ranked fifth on CoinGecko, stopped accepting new registrations on Sunday and plans to shut down all remaining positions by Dec. 31.
