Posts

Scoop: Crypto Capital Corp's Ravid Yosef is flaunting extradition in Israel | Protos

Image
It was over seven years ago when numerous crypto exchanges, including Bitfinex and leading Canadian exchange QuadrigaCX, began to experience serious money issues. Crypto exchanges, in general, were suddenly being squeezed by their payment processor of last resort, the Panamanian shadow bank Crypto Capital Corp, and no one at the bank was answering calls. As hours turned into days, days into weeks, and weeks into months it became clear: the people working at Crypto Capital Corp had decided to close up shop and quietly walk away with over $800,000,000. It wasn’t long before the names of those involved with Crypto Capital Corp were public, and it turned out there were only four of them: Reginald “Reggie” Fowler, Ivan Manuel Molina Lee, and brother and sister duo Ozzie and Ravid Yosef. Soon, an indictment was filed in the Southern District of New York and shortly thereafter, Fowler and Molina Lee were arrested. Fowler pled guilty and was ordered to pay almost $800,000,...
Post a Comment
Read more

Goldman Sachs Says One ‘Groundbreaking’ Technology an ‘Untapped Opportunity’ Worth Trillions: Report

Banking giant Goldman Sachs reportedly believes that stablecoins have significant growth potential in the payments sector. Goldman Sachs analysts say in a new research paper, as seen by Fortune, that blockchain-based currencies pegged to the US dollar or other fiat currencies could grow into a market worth trillions. “Visa sizes the addressable market for payments at ~$240 trillion in annual payment volume, with consumer payments representing ~$40 trillion of annual spending. B2B (business-to-business) payments comprise roughly ~$60 billion while P2P (peer-to-peer) payments and disbursements comprise the remainder. As such, payments are the most obvious source of (total accessible market) expansion for stablecoins over the longer term. This opportunity is largely untapped so far, with the majority of stablecoin activity being driven by crypto trading activity and demand for dollar exposure outside of the US.” The bank’s analysts also say that Ci...
Post a Comment
Read more

Institutions dump almost $200m in Ethereum; Here’s why

Image
U.S. Ethereum (ETH) exchange-traded funds (ETFs) recorded $196.6 million in outflows on August 18, the largest sell-off since the products launched in July 2024.  The bulk of the outflows came from the two largest issuers, BlackRock (ETHA) and Fidelity (FETH), which shed roughly $86.9 million and $78.4 million, respectively.  In addition, Grayscale (ETHE) saw $18.7 million withdrawn, Franklin (EZET) lost $6.6 million, and VanEck (ETHV) and Bitwise (ETHW) posted smaller outflows, the former cutting $4.8 million and the latter $1 million. Despite the pullback, U.S. Ethereum ETFs still collectively manage $27.7 billion in assets, approximately 5.34% of the cryptocurrency’s total market capitalization. BLACKROCK SOLD ETH FIDELITY SOLD ETH GRAYSCALE SOLD ETH nobody bought ETH pic.twitter.com/lt0t33yWKy — Arkham (@arkham) August 19, 2025 Ethereum price drops amid outflows The pullback came after an institutional buying spree that saw nearly $524...
Post a Comment
Read more

BRICS Launching QR Code Payments To Avoid US Dollar

Image
BRICS members China and Indonesia have collaborated to launch a new QR code-based payment system to avoid using the US dollar for transactions. Bank Indonesia (BI) and the People’s Bank of China (PBOC) are currently running pilot tests for cross-border QR code payments. Indonesia will run the QRIS in China, allowing payments in local currencies and not the US dollar. QRIS is Indonesia’s payment interface, providing seamless transactions by just scanning via smartphones. China has given Indonesia the green signal to implement QRIS across the country, allowing users to use the payment system when implemented. The new deal among the two BRICS members paves the way for QR code payments to take center stage. The US dollar will no longer be the de facto payment option, allowing local currencies to be implemented nationwide. Business-to-business (B2B) enterprises in China and Indonesia will be the most beneficial if the program is implemented and goes live. Also Read: India’s Rupee Goes ...
Post a Comment
Read more

Ripple just moved over $600 million XRP; Incoming sell-off?

Image
Ripple has executed a massive transaction outside its normal monthly XRP unlocks, a move likely to cause jitters among investors. Specifically, the blockchain firm transferred 200 million XRP, valued at roughly $606 million, to an unknown wallet, according to data shared by Whale Alert on August 18. Ripple XRP transaction. Source: Whale Alert The move comes as XRP briefly slipped below the $3 mark, sparking concerns of short-term selling pressure. Market watchers are divided on the implications. Some suggest the transfer may be linked to Ripple’s On-Demand Liquidity (ODL) operations or preparations for institutional deals, pointing to a tactical reshuffling of reserves rather than an outright sell-off. Others, however, fear it could signal an impending wave of selling from Ripple itself, a company long scrutinized for its management of XRP supply. The transaction arrives amid heightened sensitivity around whale movements in the crypto market, particularly ...
Post a Comment
Read more

Bitcoin Price To Face Selling Pressure Over Next 1-2 Weeks — Here’s Why

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...
Post a Comment
Read more

Solana Drops To $185 Support Amid SEC ETF Delay, But Analysts Eye Massive Breakout

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...
Post a Comment
Read more

Dogecoin Bullish Signal: Whales Buy 2 Billion DOGE

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...
Post a Comment
Read more

How Many Investors Have Bought Shiba Inu (SHIB) on Robinhood?

Image
Shiba Inu’s onboarding on the Robinhood exchange was a spectacle in the broader cryptocurrency market. The trading exchange listed SHIB on April 12, 2022, with great pomp and grandeur. Under every Twitter post of the trading platform, the community bombarded them with ‘Hey Robinhood, When SHIB?’ and even CNBC’s Jim Cramer got talking about it on his segment Mad Money with CEO Vlad Tenev. Also Read: 10M, 500M SHIB Could Be Worth $2.5B by 2050: Here’s How Talks about Shiba Inu soaring in value were the talk of the town as Robinhood boasts of nearly 26 million users. It was expected to receive an influx of funds as millions of users were allowed to buy the token. Several new traders brought SHIB after the listing, taking both short and long-term entry positions. Downloads and new registrations on Robinhood also experienced a surge with younger investors making a beeline to buy the token. Shiba Inu Investors on Robinhood Source: Watcher Guru Robinhood has not offic...
Post a Comment
Read more

Ether May Climb Above $8,600 On A $150,000 Bitcoin Move: Trader

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...
Post a Comment
Read more

Trump Crypto Adviser David Bailey’s Nakamoto Inc. Plans ‘Smash Buying’ Of $762M Bitcoin, Will Build ‘Bitcoin Juggernaut’

Image
David Bailey, crypto policy adviser to US President Donald Trump and CEO of Nakamoto Inc., plans to buy $762.5 million in Bitcoin today to turn his firm into a “Bitcoin juggernaut.” “Ever since getting into Bitcoin I’ve always had this dream of smash buying $1b of bitcoin in a single bid,” he said in an Aug. 11 X post.  Bailey said his $1 billion number includes some “some generous rounding” given the company’s $762.5 million in available cash on hand. Bailey Plans To Make Nakamoto Inc. A Bitcoin Juggernaut Bailed said Nakamoto Inc will purchase the Bitcoin using a Volume Weighted Average Price (VWAP) strategy, which breaks the large order into smaller trades. This will be done to minimize slippage and reduce the impact on the leading crypto’s price.  “We have a one-of-a-kind strategy at @nakamoto, once you see it in action you’ll understand why we’ll be one of the top holders of Bitcoin in the worl...
Post a Comment
Read more

Crypto ETF Inflows Hit $572M As Trump Opens $8.7 Trillion 401(k) Market To Crypto, Ethereum On A Tear

Image
Crypto ETFs (exchange-traded funds) pulled in $572 million last week as US President Donald Trump opened the $8.7 trillion 401(k) pension market to digital assets, sending Ethereum on a tear. “Early in the week, outflows reached $1 billion, which we believe were driven by growth concerns stemming from weak US payroll figures,” James Butterfill, Head of Research at CoinShares, wrote in a Monday report . “In the latter half of the week, however, we saw $1.57 billion of inflows, likely spurred by the government’s announcement permitting digital assets in 401(k) retirement plans,” he added. Most Of The Inflows Into Crypto ETFs Were From ETH Products Ethereum-based products attracted $268 million in inflows, the highest amount of any asset, as the altcoin leader broke above $4K for the first time in eight months. These latest flows pushed the products’ year-to-date inflows to a new record of $8.2 billion as well.  Those recent price gains have a...
Post a Comment
Read more