In an event that shocked the crypto space, the CEO of WonderFi- a Canada crypto leader firm got kidnapped. He was kidnapped during rush hour in Toronto's busy downtown. How were kidnappers able to pull this off in a crowded area? Let's dig deeper into this case to understand what actually happened.

Detroit is set to become the first major U.S. city to accept cryptocurrency for taxes and other city fees, top officials from the city said in a Thursday press release. What Happened: Residents would have the option to use cryptocurrencies to pay for utilities through a secure platform managed by PayPal.

A pro-crypto Congress takes shape as more than 280 newly elected crypto-friendly allies promise to drive bold reforms, fueling momentum for a decentralized financial future. A New Congress Emerges, Driven by Crypto Voters and Rising Influence The U.S.

Trump's transition team is considering Robinhood CLO Dan Gallagher, Paul Atkins, and Robert Stebbins as candidates for SEC chair, with a decision expected soon.

In the lead up to the United States presidential election, Republican candidate Donald Trump made more than a few promises for the crypto industry. Now that he has been elected, big changes could be on the horizon.

Detroit says the move to begin accepting crypto as payment for taxes and other city services was part of a broader effort to “modernize and improve” its payment channels.

The Yemassee monkey escape sparks memes, conspiracies, and Hollywood nostalgia.

President-Elect Donald Trump's transition team is considering a roster of corporate attorneys and Republican regulators for leadership roles in key financial agencies, with plans to present a finalized shortlist soon, Reuters reported Nov. 7, citing sources familiar with the discussions.

Republican SEC Commissioner Mark Uyeda suggests pausing new enforcement actions against firms that have failed to register with the commission until clear rules of the road in place

Cryptocurrency-executive-turned-government-witness Caroline Ellison's stint in prison is officially underway. Ellison, whose testimony helped convict FTX founder Sam Bankman-Fried for fraud last year, arrived at a Connecticut low-security federal prison Thursday (Nov. 7), CNBC reported, citing a Bureau of Prisons spokesperson.

Ohio's Senate race delivered a major win for the crypto industry, as Bernie Moreno unseated crypto critic Sherrod Brown, signaling a shift toward pro-digital finance leadership.

A South Korean financial regulator will make “a final decision” on whether or not to approve corporate crypto investment next month. The post South Korean Regulator to Rule on Corporate Crypto Investment Next Month appeared first on Cryptonews.

Detroit is setting a national precedent by becoming the largest US city to accept crypto for taxes and city fees. City officials announced on Nov. 7 that residents will be able to pay these expenses with crypto starting in mid-2025 through a secure platform operated by PayPal.

A ransomware gang insists on being paid with $125,000 worth of baguettes, though reportedly the hackers would be happy with Monero too.

Former FTX executive Caroline Ellison is set to start her two-year prison term in Connecticut. According to a new report by CNBC, a Bureau of Prison (BOP) spokesperson said that Caroline Ellison – the former CEO of FTX's sister company Alameda Research – will begin her two-year sentence after serving as the prosecution's star witness.

The first cryptocurrency appeared in 2009, and today, its name is known by almost everyone — Bitcoin.

Cryptocurrency is still in the spotlight, and with the year winding down, a lot of us are looking at what coins have the potential to be solid investments in the long run. The market has seen its ups and downs, but some coins continue to show real growth.

Poland's financial regulator placed Crypto.com's operator, Foris DAX MT, on its warning list for offering unauthorized financial services.

A token swap, or crypto swap, is like trading your favorite Pokemon cards with anyone you like online.

Detroit enables crypto tax payments by 2025, integrating blockchain to modernize services and boost economic growth in the city. The post Detroit to become largest US city to accept crypto payments for taxes appeared first on Crypto Briefing.

Two men have been convicted in a £1.5 million cryptocurrency fraud case, having defrauded at least 65 investors through cold calls and fake investment opportunities, prompting the FCA to warn the public about suspicious investment offers. The post Two Convicted in £1.5M UK Crypto Fraud Case appeared first on Cryptonews.

Contributions from Coinbase and statements from executives suggested that crypto companies were likely to keep pouring money into future US elections.

Detroiters will soon be able to pay their taxes and other city fees with crypto through PayPal, according to a Thursday announcement from Detroit's Office of the Treasury.

Paul Giordano, vice president of digital assets at MARA, shared his perspective on the European Union's upcoming Markets in crypto-assets (MiCA) regulation. MiCA aims to set clear guidelines for the cryptocurrency industry across the EU.

Detroit is becoming the biggest US city whose resident will be able to settle their tax payments in cryptocurrency, city officials announced Thursday. The move will make Detroit the largest US city to accept crypto payments for public services.

Bitcoin and the cryptocurrency market maintained positive price action following the first Federal Reserve rate slash after Donald Trump's win.

Fairshake, the top crypto PAC, won virtually every race it put major money behind—an unprecedented feat, experts told Decrypt.

Trumps crypto agenda promises a series of key actions, with the most important including Bitcoin reserves, blocking CBDCs, and establishing the US as a crypto hub. The post Trump's crypto agenda: 10 things he says he will do as president appeared first on Crypto Briefing.

Donald Trump's election win is expected to impact the regulatory landscape for cryptocurrencies, with industry experts advocating for clear, global policies to support mainstream crypto payments. With the potential for regulatory change under Trump's administration, experts tell Benzinga that clear regulations and technological advancements are essential for building consumer trust and expanding the utility of crypto in daily transactions.

Detroit is set to become the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting mid-2025, residents can use crypto to make payments through a platform managed by PayPal, Detroit officials announced today.

Shrugging off a Q3 earnings loss, Galaxy Digital executives hyped up the potential impact of a Donald Trump presidency on crypto.

Following a meeting on Nov. 7, the Fed's Federal Open Market Committee (FOMC) cut the US interest rate by another 25 basis points (bps), lowering it to 4.5% from 4.75%. The crypto and equities markets remained unfazed, as investors likely already priced the cut.

The 47th President-embellished meme coins are getting slaughtered a day after the Election results came in.

Beginning in mid-2025, Detroit residents can pay taxes and other city fees using crypto through a platform managed by PayPal.

Toronto police are investigating the kidnapping of Dean Skurka, CEO of WonderFi. Skurka was abducted in downtown Toronto during rush hour on Wednesday, Nov. 6.

Binance founder Changpeng Zhao's net worth reportedly surged by $12.1 billion in a single day. On November 6, it was confirmed that Donald Trump won the 47th presidential election in the United States, raising Zhao's net worth by $12.

Wang, a software engineer and one of the original architects of FTX, is the first to admit to the misconduct that contributed to the downfall of the platform. Court filings reveal that he voluntarily stepped forward in December 2022, just weeks after FTX's abrupt collapse.

The fortunes of some of the world's wealthiest individuals surged on Wednesday following Donald Trump's presidential election victory.

Cooperation with prosecutors and aiding in Sam Bankman-Fried's conviction could sway the former FTX executive's fate.

Caroline Ellison, former CEO of Alameda Research and key witness in the case against FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday. In September, the court sentenced Ellison to two years in prison and ordered her to forfeit $11 billion for her role in the fraud and conspiracy that collapsed the cryptocurrency

The US Federal Reserve Chairman Jerome Powell has reiterated the next plan for the bank following its latest 25 basis points interest rate cut. In a widely televised speech, the Fed Chair said the United States economy is not on a preset course, implying more monitoring is necessary.

Like the internet itself, decentralized networks aren't always the most efficient tools for some tasks. However, the open, permissionless nature of these networks creates intense competition that often serves customers better than technical efficiency alone, says EY's Paul Brody.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Uyeda's potential leadership at the SEC could redefine U.S. crypto regulation, fostering innovation through clearer guidelines and industry collaboration. The post Who is SEC's Mark Uyeda?

Blockchain technology could redefine traditional financial processes, according to Paul Giordano, vice president of digital assets at MARA. Giordano, scheduled to speak at the upcoming Benzinga Future of Digital Assets event, emphasized the potential for efficiency in areas such as cross-border payments and transaction clearing.

The DeFi analytics platform IntoTheBlock confirmed on November 7 that high-risk DeFi loans had surged due to market sentiment increasing their demand among investors. The DeFi analytics firm still expressed growing concern about volatility within DeFi due to the U.S. presidential elections.

The California Department of Financial Protection and Innovation (DFPI) has taken decisive action against BlockFi Lending LLC by revoking its California Financing Law license. This move comes in response to multiple violations identified by the regulatory body.