Author: John Smith
Ireland fined Coinbase Europe €21.5m after data issues left €173b in transactions unmonitored, with failures undisclosed during its VASP registration and now forcing an exit to Luxembourg. Summary The Central Bank of Ireland fined Coinbase Europe €21.5m after data configuration failures in an outsourced TMS left about 30m transactions, worth roughly €173b, unmonitored between 2021 and 2022. Coinbase Europe did not detect or disclose the issues during its 2022 VASP application, with management only fully briefed in 2023, leading the regulator to brand its oversight of Coinbase Inc. as ineffective. The VASP registration will lapse at end‑2025 as Coinbase Europe relocates…
In this week’s edition of the weekly recap, the Securities and Exchange Commission (SEC) proposed settlement agreements for Sam Bankman-Fried’s former associates whose testimony secured his conviction. Summary SEC proposed settlements for former FTX executives who testified against Sam Bankman-Fried. South Korean police busted a fake currency ring targeting crypto traders in in-person deals. Poland’s parliament revived comprehensive crypto legislation after an earlier rejection. Additionally, law enforcement in South Korea dismantled a criminal operation using counterfeit currency to defraud cryptocurrency traders and Poland’s parliament revived comprehensive industry legislation. SEC offers settlements to FTX cooperating witnesses The Securities and Exchange Commission…
The UNI price token jumped for the third consecutive day, reaching its highest level since Nov. 20 as the Unification vote started. Summary UNI token price rose for three consecutive days, reaching its highest level since Nov. 20. Most members of the community are voting in favor of the Unification proposal. The vote will see over 100 million UNI tokens incinerated. Uniswap (UNI) token jumped to a high of $6.35, up by 32% above its lowest level this month, bringing its market capitalization to over $5.7 billion. The UNI token jumped as the unification vote started, with most users voting…
Ethereum co-founder Vitalik Buterin called prediction markets a healthier alternative to traditional investing and social media discourse on emotionally charged topics. Summary Vitalik Buterin says prediction markets force accountability by attaching money to beliefs. Bounded prices between 0 and 1 reduce hype, reflexivity, and pump-and-dump behavior. Buterin argues prediction markets are calmer and more truth-seeking than social media. Writing on Farcaster, Buterin argued that prediction markets tie opinions to financial consequences. This creates an accountability absent from platforms where users gain clout without repercussions for incorrect predictions. Buterin dismissed concerns that prediction markets incentivize harmful behavior. He noted that “small-scale…
New crypto token launches have faced major price declines in 2025, with 84.7% trading below their Token Generation Event valuations. Research by Ash from Memento Research tracked 118 TGE launches this year, finding that 100 tokens have fallen beneath their opening prices. The median token has crashed 71% in fully diluted valuation since launch, with market cap down 67%. Only 15% of 2025 token launches trade above their TGE valuations. “2025 token launches have mostly been a bloodbath,” Ash wrote on X. “This means ~4 out of 5 launches are below their opening valuation.” High-profile cryptos suffer 90%+ crashes from…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. We are losing. For all the talk of sovereignty, decentralization, and web3 revolutions, the cold reality is that the crypto industry has failed to cross the threshold into everyday life. We have built Byzantine castles in the clouds — protocols and networks of breathtaking beauty and complexity — only to discover that no one outside our Ivory Tower wants to live in them. The “next billion users” aren’t coming, not because they don’t care about decentralization, but…
A cryptocurrency trader lost nearly $50 million in USDT to an address poisoning scam on December 20, 2025. The victim transferred 49,999,950 USDT to a fraudulent address copied from transaction history. The entire theft happened in under one hour. SlowMist monitoring reported that the stolen funds were rapidly converted to Ethereum, dispersed across multiple wallets, and partially laundered through Tornado Cash. The victim posted an on-chain message demanding return of 98% of the stolen funds within 48 hours. The victim also offered the attacker $1 million as a white-hat bounty while threatening legal and international law enforcement action. Crypto attack…
700Credit says a network breach exposed names, Social Security numbers and financial data of 5.8m+ Americans, prompting regulators and law firms to warn of identity theft risks. Summary 700Credit reported to the Maine Attorney General that 5,836,521 people were affected after unusual network activity revealed unauthorized access to systems with personal data. Exposed information includes names, addresses, dates of birth, Social Security numbers and financial account details commonly used for credit decisions and ID verification. Murphy Law Firm and regulators urge victims to monitor credit, use fraud alerts or freezes, and consider legal options as investigations into the breach continue.…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As XRP slips below the $2 support level, investors are increasingly turning to cloud mining platforms like InvestorHash to pursue more stable income strategies. Summary XRP’s recent price drop has added short-term pressure to the market, prompting investors to look beyond spot trading for steadier returns. UK-based InvestorHash is gaining attention by offering hardware-free cloud mining with multi-currency support, daily payout structures, and low entry thresholds. The platform emphasizes compliance, security, and green-energy mining, positioning itself as a diversification…
Cardano price remained on edge near its year-to-date low on Sunday, Dec. 21, even as the recently launched Midnight token continued its momentum. Summary Cardano price has formed a falling wedge pattern on the daily chart. The token may rebound by ~40% from the current level. Cardano will benefit from the ongoing Midnight token boom. Cardano (ADA) token was trading at $0.3680, a few points above this year’s low of $0.3476. It remains ~70% below its highest point this year, with its market capitalization falling from over $25 billion to $13 billion. Cardano price could be on the verge of…