A 22-year-old Canadian hacker faces multiple federal charges for allegedly stealing $65 million through two separate cryptocurrency platform exploits while remaining a fugitive since 2021.

Cryptocurrency markets recovered from a major weekend crash after President Trump paused tariffs on Canada and Mexico, who agreed to strengthen border security measures in return.

With global trade concerns and Bitcoin's price fluctuations, traders remain on edge, unsure whether another crash or recovery is next.

The Commodity Futures Trading Commission (CFTC) has initiated inquiries into Crypto.com and Kalshi Inc. regarding their recently launched event contracts tied to the Super Bowl, as reported by Bloomberg. Crypto.

The license was obtained through the acquisition of a Cypriot firm.

Congress will hold hearings on February 6, 2025, to investigate claims that federal regulators pressured banks to deny services to crypto companies, featuring testimony from industry leaders and experts amid growing concerns about regulatory overreach in the digital asset sector.

As Bitcoin reclaimed $100K, the growing weakness in Ethereum projects weakness among altcoins. Will this weakness delay the 2025 altcoin season or is a bounce back inevitable?

The structure of the cryptocurrency market is about to undergo a significant shift that will drastically alter the way digital assets are exchanged and governed. CLS Global offers a study of the revolutionary changes taking place in market microstructure and their consequences for market players, drawing on its vast expertise as a global market maker.

According to the CEO of Bybit, the real liquidations in the crypto market in the last 24 hours have reached $10 billion.

A city in South Korea plans to launch its own virtual asset electronic seizing system next month to seize crypto assets belonging to tax evaders.

The Commodity Futures Trading Commission (CFTC) has launched an investigation into sports-related prediction markets on Crypto.com and Kalshi, focusing on whether these contracts should be classified as “gaming” under the Commodities Exchange Act. This probe, first reported by Bloomberg, could impact how sports betting and event-based contracts are regulated in the future.

Following Donald Trump's election, Singapore's wealth managers have begun allocating vast amounts of capital to crypto investment.

Coinbase, the largest US-based crypto exchange, indicated the addition of Ether.fi (ETHFI) and Bittensor (TAO) to its listing roadmap.

Phishing scams drained over $10.2 million in crypto from more than 9,000 victims in January, a 56% drop from December, data shows. While phishing losses fell 56% in January to $10.

Today, the cryptocurrency market has demonstrated significant signs of recovery, driven by the announcement that U.S. President Donald Trump has suspended newly imposed import tariffs on Canada and Mexico for a period of 30 days. This favorable change has alleviated economic pressures, fostering a better atmosphere for risk assets such as cryptocurrencies.

Bitcoin has already recovered to $99,000 after a steep decline to around $91,000 following Trump's announcement of raised tariffs on China, Mexico, and Canada. Trump tariffs concerned global investors as they risked starting a trade war, which could mean significant economic uncertainty. That's what triggered a sharp sell-off in the crypto market.

Crypto.com, one of the most active cryptocurrency exchanges in the market, is pursuing an ambitious global expansion strategy.

On Feb. 3, Bybit CEO Ben Zhou estimated that the recent crypto market correction could have triggered liquidations worth up to $10 billion, far surpassing earlier estimates.

The crypto market is experiencing a spectacular rebound following the decision by U.S. President Donald Trump to temporarily suspend the proposed tariffs on Canada and Mexico. This announcement comes amid intense negotiations between the United States and its North American neighbors concerning border security and trade.

Crypto markets experienced a brutal sell-off on Monday, wiping out billions in liquidations. Bybit CEO Ben Zhou claims the scale of forced liquidations is much larger than what is being publicly reported. Zhou argues that data discrepancies across platforms prevent a full picture from emerging, leaving traders unaware of the true depth of risk.

The US CFTC has been keen in investigating the legality of Crypto.com's Super Bowl futures contracts, to decide whether to take any actions. The post US CFTC Probes Crypto.com and Kalshi Over Super Bowl Events Contracts Compliance appeared first on Cryptonews.

Hong Kong's SFC is hiring more crypto regulators, aiming to strengthen market surveillance and speed up exchange approvals.

America's newly appointed AI and crypto Czar David Sacks will be hosting the first press conference on Tuesday, February 4, discussing America's leadership role in the digital assets industry moving ahead. The development was enough to put the crypto market on a strong recovery path after a brutal crash on Monday.

Onchain value for the real-world asset sector has increased 94% since the same time last year, adding nearly $4 billion in three months.

The regulator's probe is focused on the issue of sports being considered gaming, said New York-based crypto lawyer Aaron Brogan.

Over the weekend, the crypto market experienced its largest correction in months, reportedly fueled by the new US tariffs on Canada, Mexico, and China. The market closed the first two days of February in red, with a 21% retrace from Friday's highs.

A 22-year-old Canadian, Andean Medjedovic, has been charged with stealing $65 million from two cryptocurrency platforms using advanced hacking techniques. U.S. prosecutors revealed that he targeted Indexed Finance in 2021 and KyberSwap in 2023. Meanwhile, he has been on the run from authorities since 2021. Mastermind Behind $65 Million Exploits A U.S.

China has responded with its own tariff measures against some US goods as crypto took another dive early Tuesday.

Coinbase has secured approval from the UK's Financial Conduct Authority (FCA), solidifying its status as the country's largest registered crypto exchange.

President Donald Trump temporarily paused tariffs on Canada and Mexico after discussions with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum.

Web3 developers earned some of the highest salaries in tech in 2024, due to their specialized expertise in decentralized application development. The post Web3 Developers Secure Top-Tier Salaries in 2024: Report appeared first on Cryptonews.

The regulator proposed eight new headcounts for crypto regulatory regimes, market surveillance and enforcement investigations.

The crypto market is seeing a strong recovery after experiencing a sharp decline of nearly 12%, plunging almost $400 billion in a single day. Meanwhile, the world's largest cryptocurrency by market cap Bitcoin, which had fallen close to $90,000, has now bounced back to over $101,000.

Cryptocurrency trading behemoth Coinbase Global Inc. (NASDAQ:COIN) announced its registration as the UK's largest cryptocurrency exchange on Monday, signifying a key step in its global growth strategy. What Happened: Coinbase won a Virtual Asset Service Provider registration from the Financial Conduct Authority, the UK's financial regulator, the company said in an X post.

The man, still at large, faces five charges, including wire fraud, computer damage, extortion, and money laundering.

Agentic AI for crypto remains highly speculative but the emerging niche may gain traction this year, said researchers from Sygnum Bank.

Prediction markets are booming, but the CFTC is paying attention. With Crypto.com and Kalshi under review, could stricter oversight be coming for event-based trading?

India is reassessing its cryptocurrency regulations as global policies evolve, with officials revisiting a discussion paper that could reshape the country's approach to digital assets.

Xeggex, a popular cryptocurrency exchange, has been experiencing issues after users reported sudden loss of logins and disappearing asset balances. Many are concerned that the exchange may have been “rugpulled.” Xeggex officials have explained that the CEO's account was hacked, which led to a temporary suspension of logins and access to user funds.

A Canadian hacker allegedly exploited vulnerabilities in two defi platforms, stealing $65 million and laundering funds through crypto mixers, prosecutors say. He remains at large. DOJ Indicts Canadian Hacker for $65M Defi Exploit The U.S. Department of Justice (DOJ) announced on Feb.

Tether Holdings Limited announced $13 billion in net profits for 2024, setting records in U.S. Treasury holdings and USD₮ circulation.

Coinbase has received a Virtual Asset Service Provider license, which will allow it to offer many services to UK customers.

The US commodities regulator is reportedly investigating Super Bowl markets offered by Crypto.com and Kalshi, asking them how they comply with derivatives rules.

According to a recent analysis by Benjamin Cowen, CEO and Founder of ITC Crypto, the crypto market has entered “Step 2” of his guide for 2025. The analyst pinpointed Ethereum (ETH) in his price chart, emphasizing that the second-largest cryptocurrency is set to decline further, in line with his earlier predictions.

Both Canada and Mexico have agreed to implement policies to stop the flow of illegal drugs and immigration into the US after a phone call with US President Donald Trump.

Both Canada and Mexico have agreed to implement policies to stop the flow of illegal drugs and immigration into the US after a phone call with US President Donald Trump.

ZachXBT, a renowned blockchain investigator, appears not done with crypto exchange Coinbase over lapses in their security system leading to scams. The crypto detective in a “thread” on X detailed how many users have become victims of social engineering attacks on Coinbase.