In a move aimed at strengthening financial oversight and cracking down on illicit activity, the United Kingdom is preparing to enforce new regulations requiring crypto firms to report every customer transaction. The proposed legislation is expected to have major implications for crypto exchanges, wallet providers, and other digital asset businesses operating within the country. Tightening the Regulatory Grip on Crypto According to the UK Treasury and Financial Conduct Authority (FCA), the new rules are part of the government’s wider effort to align crypto compliance with traditional financial standards. Crypto firms will be mandated to submit detailed reports of customer transactions,…
Author: Blockto Team
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is drawing closer to a major resistance level at $4,000. This price point has historically served as a strong barrier, and a breakout or rejection here could shape Ethereum’s near-term future. Ethereum Builds Bullish Momentum Over the past few weeks, Ethereum has gained strong upward momentum, riding on the coattails of bullish market sentiment and broader crypto resurgence. At the time of writing, ETH is trading just below $4,000, having rallied from support levels near $3,500. Key drivers behind this momentum include: This growing confidence among both retail and institutional investors is…
The cryptocurrency space continues to be a hotbed of dynamic developments and diverse opinions. This week, major insights emerged from Ark Invest’s cautious stance on Bitcoin treasury companies, coupled with Peter Schiff’s bearish Bitcoin prediction — sparking fresh debates among investors and analysts alike. Ark Invest’s Warning to Bitcoin Treasury Companies Ark Invest, a leading investment management firm known for its bullish stance on innovation, recently issued a warning to companies that are heavily buying Bitcoin using debt financing. These “Bitcoin treasury companies,” such as MicroStrategy and Marathon Digital Holdings, have been accumulating Bitcoin by raising capital through debt or…
Cryptocurrency enthusiasts and investors are once again turning their attention to XRP, the digital asset associated with Ripple Labs, amid renewed speculation about its future potential. Recently, Dave Portnoy, the outspoken founder of Barstool Sports and a notable figure in retail investing, shared his thoughts on XRP’s prospects, sparking lively discussion across crypto communities. Why XRP Is Back in the Spotlight XRP has had a rollercoaster history since its inception, largely due to ongoing legal battles between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). However, recent developments suggest that XRP could be positioned for a significant comeback.…
As blockchain technology continues to evolve, a surprising challenge is emerging from an unlikely source — the public internet. According to DoubleZero CEO Alex Romero, the internet infrastructure that underpins modern communication is becoming a bottleneck for blockchain performance and scalability. Speaking at the Global Web3 Summit, Romero addressed the limitations of relying on traditional internet pathways for decentralized applications (dApps), DeFi platforms, and blockchain-based enterprise systems. “Blockchains were designed for decentralization, security, and resilience,” Romero stated. “But they’re still relying on the same internet that delivers streaming videos and social media posts. That’s not a foundation we can trust…
Argentine President Javier Milei is facing heightened legal and political pressure after skipping a key civil court hearing related to the ongoing Libra case, a high-stakes investigation into alleged financial misconduct linked to Libra Bank S.A. In response to Milei’s absence, the presiding judge took decisive action by ordering the unsealing of bank records associated with the case. The documents are expected to reveal critical information about offshore transactions, corporate affiliations, and potential misuse of financial networks. Judge Moves Forward Without Milei Although President Milei is not a formal defendant, his name has surfaced repeatedly in connection with financial advisors…
In a major development for the crypto industry, U.S. District Judge Analisa Torres has denied a joint request from Ripple Labs and the U.S. Securities and Exchange Commission (SEC) to pause their ongoing legal appeals over the status of XRP. This decision means that the longstanding legal battle, which began in December 2020, will continue to unfold in court—delaying a final resolution that many in the crypto community had been anticipating. Background of the Ripple-SEC Case The SEC originally filed a lawsuit against Ripple Labs claiming that the company’s sale of XRP tokens constituted an unregistered securities offering. Ripple pushed…
Hong Kong – In a major crackdown on crypto-related financial crimes, Hong Kong police have arrested 12 individuals allegedly involved in laundering over HK$118 million (US$15 million) through a complex network of bank accounts and cryptocurrency exchange shops. Operation “Night Raid” Uncovers Cross-Border Laundering Network The operation, dubbed “Night Raid,” was carried out by the Commercial Crime Bureau. It targeted a cross-border syndicate suspected of running a large-scale money laundering operation using more than 500 bank accounts. The 12 arrested individuals – aged between 20 and 41 – include two local ringleaders and 10 mainland Chinese nationals. The suspects allegedly…
Bitcoin Dips Slightly, Analysts Still Bullish Bitcoin (BTC) slid 1.05% to trade at $102,774, briefly touching an intraday low of $102,746. Despite this, analysts maintain a bullish long-term view, projecting BTC could reach $250,000 by year-end, citing institutional interest and macroeconomic trends. Ethereum Falls Below $2,500 Ethereum (ETH) declined by 5.6%, now priced at $2,458. This drop has raised concerns of a deeper correction, with technical analysts pointing to a potential fallback to the $1,930–$2,100 support zone. The fall comes amid lower trading volumes and fading post-upgrade momentum. Ripple’s Legal Setback Impacts XRP A U.S. judge rejected a proposed $50…
Major Crypto Exchanges Show Strength in Cyber Defense In a significant display of cybersecurity readiness, top cryptocurrency exchanges Binance and Kraken have reportedly foiled phishing attacks that were strikingly similar to the recent hack suffered by Coinbase, according to a report from Bloomberg. While Coinbase fell victim to a sophisticated social engineering campaign that compromised sensitive employee data and exposed user accounts, Binance and Kraken were reportedly able to detect and neutralize the threat vectors before any substantial damage occurred. Tactics Echo the Coinbase Incident According to security insiders, the phishing attempts used fake login portals, spoofed emails, and compromised…