Cryptocurrency exchange Backpack issued a statement addressing controversy surrounding its purchase of FTX EU.

A fake browser extension mimicking cryptocurrency exchange OKX has infiltrated the Firefox browser store. On Jan.

FTX.com and the FTX Recovery Trust have exposed Backpack's claims of acquiring FTX EU, calling them misleading and confusing. The statements also raised doubts about Backpack's involvement in repaying customers. FTX has now stepped in to reveal the real facts about FTX EU's ownership, the court's role, and the actual repayment process.

Europe faces mounting pressure to secure its financial future as reliance on U.S. and Chinese payment giants grows, with China's digital currency threatening dominance. Europe Risks Payment Dependence on China and U.S.

Grayscale Investments, a leading asset management firm, has updated the portfolios of four of its crypto investment funds.

Rostin Behnam, the outgoing Chair of the U.S. Commodity Futures Trading Commission (CFTC), made his final public remarks on January 8, 2025.

DeFi agent narrative has emerged with Griffain as the top contender.

According to FTX, Backpack is indirectly acquiring the Cypriot unit from former FTX employees who still do not own the division. Backpack also lacks authorisation to distribute funds to stressed FTX customers.

The crypto market experienced liquidations exceeding $524.8 million in the past 24 hours as bitcoin and ether continued to decline.

Gary Gensler, the outgoing Chair of the U.S. Securities and Exchange Commission (SEC), reiterated his critical view of the cryptocurrency industry, describing it as "rife with bad actors."

OKX confirms that it has not released any Firefox browser extension, asking users to transfer the wallet assets immediately if downloaded. The post OKX Warns Users of Fake Wallet Plugins on Firefox Browser Extension appeared first on Cryptonews.

Grayscale Investment, a top asset management firm with a focus on crypto products, has rebalanced most of its multi-asset funds after Q4 2024 reviews.

In the constantly evolving world of finance, crypto lending has emerged as a revolutionary alternative to traditional banking systems. Offering a blend of innovation and efficiency, it bridges the gap between DeFi (decentralized finance) and TradFi (traditional financial) systems.

Outgoing SEC Chair Gary Gensler warned that many crypto projects may fail, criticizing the industry for being driven more by sentiment than fundamentals. The post Gary Gensler Predicts Crypto Shakeout, Says Sentiment Outweighs Fundamentals appeared first on Cryptonews.

A New York federal court has paused the SEC's case against Coinbase, granting a rare appeal that could reshape how securities laws apply to crypto. Coinbase Secures Key Legal Victory in SEC Case A federal court in New York has certified an order for interlocutory appeal in the U.S.

Gary Gensler will step down as chair of the U.S. Securities and Exchange Commission (SEC) Jan. 20 with the inauguration of President-elect Donald Trump. But that didn't stop Gensler from expressing concerns that more needs to be done to regulate the cryptocurrency market, particularly altcoins and intermediaries.

Sberbank wants the Russian Central Bank to push its digital ruble rollout back to 2026, with the banking giant calling for a more “realistic” CBDC launch date. The post Sberbank Urges Moscow to Postpone Digital Ruble Launch to 2026 appeared first on Cryptonews.

FTX says that Backpack has not been authorized to return funds to creditors despite the Solana exchange saying it would take over creditor repayments from FTX.

OKX, a crypto exchange platform, has alerted users of a malicious OKX browser extension that has appeared on the Firefox browser plugin store.

a16z opens applications for its fourth Crypto Startup Accelerator cohort, offering comprehensive support and funding opportunities for emerging crypto projects in a three-month program.

The cryptocurrency industry has seen many milestones since bitcoin's launch in 2009, but 2025 could be a watershed year. The sector stands at a crossroads.

A 24-year-old Dutch law student from Hengelo, Netherlands, has been arrested following allegations of running crypto scams that defrauded approximately 300 people out of €4.5 million ($4.6 million).

Bitfinex Derivatives has taken a big step forward by getting a Digital Asset Service Provider (DASP) license in El Salvador. With this move, the platform can now offer more derivatives trading services in Latin America.

Binance's cumulative trading volume hit a staggering $100 trillion, reflecting its dominance and trustworthiness in the market.

Movement Labs approaches completion of a major Series B funding round targeting $100M, following their successful $38M Series A, despite current bearish crypto market conditions.

FTX issued a formal statement clarifying details surrounding Backpack entities' claim of acquiring FTX EU Ltd. The clarification, released on January 8, 2025, addresses inaccuracies in Backpack's January 7 press release, which suggested its involvement in asset recovery for former FTX EU customers.

With Bitcoin—a 21st-century newcomer—at an all-time high and blockchain technology at a pivotal juncture, it's an ideal moment to reflect on the roots of innovation. One story from British history comes to mind, illustrating ingenuity, adaptability, and the power of looking beyond traditional approaches.

One of Portugal's largest banks, Banco de Investimentos Globais (BiG), has blocked fiat transfers directed at cryptocurrency platforms, drawing attention to the country's changing stance on crypto-related activities.

The Netherlands has become the first European Union (EU) member state to issue licenses under the EUs Markets in Crypto-Assets (MiCA) regulation, granting MoonPay, BitStaete, ZBD, and Hidden Road the right to operate across all 27 member countries. The licenses were issued by the Dutch Authority for the Financial Markets (AFM), marking a significant milestone in the adoption of the EUs new regulatory framework for digital assets.

South Korean regulators say they will “review a plan” to “gradually allow corporations” to buy, sell, and hold cryptoassets like Bitcoin (BTC). The post South Korean Regulators ‘Will Review' Plan to Let Companies Buy Crypto ‘This Year' appeared first on Cryptonews.

Bullish Group's German subsidiary, Bullish DE Custody GmbH, has secured key licenses from BaFin for crypto asset custody and trading, enabling expansion in the EU under the new Markets in Crypto-Assets Regulation (MiCA). The post Bullish Secures BaFin Licenses, Aiming for EU Expansion Under MiCA appeared first on Cryptonews.

Gary Gensler, the outgoing chair of the SEC, emphasized the need for further regulatory oversight of altcoins and intermediaries within the digital assets market.

Over the past 24 hours, the cryptocurrency leverage market witnessed liquidations worth approximately $849.1 million, impacting 215,455 traders, according to data from CoinGlass as of 8:17 a.m. on January 9.

AI agents, AI memes and the Pump.fun ecosystem are the top gainers for the past 30 days. Most other narratives lagged and underperformed, as focus shifted on finding the next top AI token.

According to cybersecurity firm CertiK, the number of crypto hacks and exploits rose to 303 incidents in 2024, up from 282 in 2023.

According to cybersecurity firm CertiK, the number of crypto hacks and exploits rose to 303 incidents in 2024, up from 282 in 2023.

A 24-year-old man from the Netherlands has reportedly been arrested after allegedly scamming 300 people out of millions of dollars.

The cryptocurrency market has taken a significant hit today, experiencing a sharp correction across the board. Over the last 24 hours, the global crypto market cap has fallen by 7.7%, bringing it down to $3.51 trillion.

The LA wildfire has displaced thousands and claimed lives. Nonprofits like The Giving Block and Givepact are rallying support through cryptocurrency donations to aid relief efforts. The post Organizations Accept Crypto Donations to Help Los Angeles Wildfire Relief Efforts appeared first on Cryptonews.

Outgoing U.S. CFTC Chair Behnam made his final push for the need to regulate the cryptocurrency industry, but warned it would take time.

President-elect Donald Trump's transition team is eyeing crypto-friendly names to be the next chair of the Commodity Futures Trading Commission (CFTC), according to Fox Business reporter Eleanor Terrett.

Musk gave Pierre Poilievre a nod, calling his fiscal stance “perfectly articulated” as Canada's federal election nears.

Stablecoins are stepping out of their ‘safe haven' shadow, carving a unique identity in the evolving financial landscape.

The Nation, an English-language news outlet based in Thailand, reported on Jan. 8 that Thailand's Deputy Prime Minister and Finance Minister Pichai Chunhavajira unveiled a pilot project to test cryptocurrency as an alternative to cash in Phuket.

Thailand launches a crypto payment trial in Phuket, enabling tourists to use Bitcoin legally while protecting vendors from volatility. The post Thailand launches crypto payment trial in Phuket appeared first on Crypto Briefing.

The world's largest cryptocurrency exchange displayed its dominance across several key metrics including cumulative historical trading volume and number of registered users.

Gary Gensler, the outgoing Chair of the U.S. Securities and Exchange Commission (SEC), reaffirmed his stance on the need for stricter regulation of the cryptocurrency industry. Speaking during an interview with Bloomberg TV on Wednesday, Gensler described the crypto market as “rife with bad actors” and called for enhanced oversight to protect investors.

Gensler's departure may lead to a shift in SEC's crypto regulation approach, potentially impacting market stability and investor protection. The post Gensler exits SEC saying crypto regulation remains a work in progress appeared first on Crypto Briefing.