Tag: Cryptocurrency
-
The $393 Billion Crypto Craze: Could It One Day Threaten Banks?
The Growing Size of the Crypto Market Crypto markets have moved from a fringe pastime to a towering financial force. Analysts now estimate the combined value of major digital assets—and the ecosystem around them—at around $393 billion, a scale that rival traditional asset classes in some corners of the market. This growth isn’t just about…
-
The $393 Billion Crypto Craze That Could One Day Threaten Banks
The Rise of a $393 Billion Craze When people think of cryptocurrencies, bitcoin often dominates the conversation as the flagship asset. Yet behind the headlines about volatile price swings lies a broader, $393 billion craze that could someday reshape how households and businesses bank, borrow, and transfer funds. This isn’t just about a speculative market;…
-
Global Stocks Melt Down as Wall Street Dials Back Crypto and AI Bets
Global Markets in a Risk Reassessment Phase Global stock indices tumbled as investors recalibrated expectations for technology-driven growth, following a disappointing mix of earnings and looming doubts about the staying power of AI and cryptocurrencies in a cooling market. The week’s trading painted a stark picture: the intense enthusiasm around artificial intelligence and crypto valuations…
-
Investigators Say Farage Donor-Backed Crypto Was Used to Fund Russia’s War Effort
Overview: A Complex Web Behind a Donor-Backed Cryptocurrency British investigators have spent years probing a multibillion-dollar scheme centered on a cryptocurrency allegedly backed by one of Nigel Farage’s most prominent donors. The National Crime Agency (NCA) has indicated that, despite efforts to shield capital and obscure transactions, the digital asset ecosystem played a role in…
-
Cryptocurrency Tied to Farage Donor Used to Fund Russia’s War Effort, Investigators Say
Overview: A High-Stakes Cash Trail British investigators have spent years untangling a multibillion-dollar cryptocurrency scheme linked to one of Nigel Farage’s most prominent donors. The National Crime Agency (NCA) contends that this digital asset, created to capitalize on the volatility of crypto markets, was co-opted to funnel funds toward Russia’s war machine in Ukraine. The…
-
Cryptocurrency Backed by Farage Donor Used to Support Russia’s War Effort, Investigators Say
Overview of the Allegations British investigators with the National Crime Agency (NCA) have alleged that a cryptocurrency linked to one of Nigel Farage’s most prominent donors was used to aid Russia’s war effort in Ukraine. The case forms part of a long-running, multibillion-dollar scheme that the NCA has been pursuing for years. While the details…
-
Markets in a Downward Spiral: The Fed, Tariffs, and AI Fuel the Rout
The Triple Pressure Hitting Markets Global markets are in a fraught moment, with equities and cryptocurrencies retreating as three dominant forces push prices lower: the Federal Reserve’s policy stance, geopolitical tariff tensions, and the relentless flood of capital into artificial intelligence. While each factor has its own story, together they create a potent wind against…
-
SGX to Launch Bitcoin and Ether Perpetual Futures, Expanding Crypto Tradable Derivatives in Singapore
SGX Expands Crypto Derivatives with Perpetual Futures The Singapore Exchange (SGX) announced on Monday that its derivatives arm will roll out new perpetual futures contracts for two leading cryptocurrencies: Bitcoin (BTC) and Ether (ETH). The trading, set to commence on November 24, marks a notable expansion in Singapore’s crypto derivatives market and signals growing institutional…
-
Illicit crypto-to-cash deals are unlocking new ways to launder money in Canada
Overview: A new avenue for money laundering in Canada Across Canada, concerns are mounting that illicit crypto-to-cash deals are offering new pathways for money laundering. Investigations and undercover reporting have highlighted how some crypto exchange operators and informal platforms appear willing to facilitate large purchases of digital currencies without proper registration, identity checks, or robust…
-
Illicit Crypto-to-Cash Deals in Canada: A Growing Challenge for Financial Regulation
Introduction: A new frontier for money laundering in Canada The convergence of cryptocurrency and cash exchanges is creating a troubling loophole for money launderers in Canada. Investigations and industry reports indicate that certain crypto exchange companies have offered to purchase thousands of dollars worth of digital currencies without proper registration or identity verification. While legitimate…