Crypto News
Abacus Market Likely Conducts Exit Scam Amid Darknet Instability, Reports TRM Labs
Abacus Market, the largest bitcoin-enabled Western darknet marketplace, went offline earlier this month, leading blockchain intelligence firm TRM Labs to assess that the operators likely executed an exit scam, disappearing with users’ funds. This incident follows the June 16 seizure of Archetyp Market by law enforcement, highlighting a trend of instability within the Western darknetSource link
Bitcoin (BTC) Reaches New All-Time High Amid Market Resurgence
Bitcoin has broken through its previous trading range to reach a new all-time high of $123,120, driven by ETF inflows and increased accumulation by smaller investors. (Read More)Source link
Riot Platforms Discloses 10.29% Stake in Bitfarms Following Share Sale
Riot Platforms reveals a 10.29% ownership in Bitfarms Ltd. after selling part of its shares, seeking strategic investment opportunities. (Read More)Source link
Nauru Appoints Australian Brian Phelps as CEO of New Virtual Asset Authority
Following the recent passage of legislation to regulate virtual assets, including cryptocurrency, Nauru’s government has appointed Australian banking and financial markets executive Brian Phelps as the inaugural CEO of the Command Ridge Virtual Asset Authority (CRVAA). President David Adeang highlighted Phelps’ extensive experience in the industry, emphasizing that his leadership will establish a foundation ofSource link
Standard Chartered Says It’s the First Global Bank to Offer Spot Bitcoin, Ether Trading
Cryptocurrency-friendly lender Standard Chartered is claiming bragging rights of being the first global bank to offer spot trading in bitcoin (BTC) and ether (ETH) to institutional clients.The offering, rolled out through the bank’s UK branches, is available initially via our UK entity, during Asia and Europe trading hours, with 24/5 access under consideration as client demand evolves, said Rene Michau, global head of digital assets.“Standard Chartered is the first global systemically important bank to be offering cryptoasset trading.” Michau said in an email. “We define institutional clients as financial institutions such as asset managers and investors, and large multinational companies who are clients of our corporate and investment banking division.”Standard Chartered has been involved in crypto and digital assets for...