A police officer’s 50-BTC theft was unraveled by blockchain tracking. Investigators traced the funds and brought him to justice. In a major breach of trust within UK law enforcement, Paul Chowles, a National Crime Agency (NCA) officer, stole 50 Bitcoin (BTC) from a seized wallet connected to Thomas White, an operator of Silk Road 2.0. The theft occurred in 2017 when the cryptocurrency was valued at a total of approximately 60,000 British pounds (around $79,000). By the time Chowles was caught, the crypto’s value had surged to over 4.4 million pounds (around $5.9 million). The 42-year-old officer from Bristol used the dark web and crypto-mixing services to split the stolen Bitcoin into smaller amounts, transferring them through crypto exchanges and prepaid cards to conceal their source. Read more
Bitcoin’s tight consolidation resolved to the downside, but the failure of the bears to sustain the lower levels could push the price to new all-time highs. Key points: Sellers pulled the price below $115,000, but are struggling to sustain the lower levels. Several altcoins have pulled down toward their respective support levels, which are likely to hold. Read more
DeFi’s future depends on embracing institutional investors, whose capital, credibility and demand for stability are shifting DeFi from a speculative playground into a mature, trusted financial ecosystem. Opinion by: Kevin Rusher, founder of RAAC Crypto is a movement born from a cultural rejection of traditional finance, driven by the belief that transparency, decentralization and code can build a better financial system than the one that led to the 2008 financial crisis. Indeed, for many, the creation of Bitcoin was a rebellion against the traditional financial gatekeepers that siphoned all value out of the market. That foundational spirit still matters for crypto, but the landscape has changed drastically after 15 years. Today, BlackRock is the second-largest holder of Bitcoin (BTC), beaten only by its founder, Satoshi Nakamoto. At the same time, almost every major traditional asset manager has some interest in the industry through BTC, Ether (ETH) and real-world assets (RWAs) like tokenized private credit a...
Bitcoin's bearish divergence signals a possible price correction toward $92,000, similar to the declines witnessed in 2020 and 2024. Key takeaways: Bitcoin hinges on $115,000 support, risking a drop toward $104,000. Weekly RSI divergence points to a deeper correction. Read more
Bitcoin bulls are struggling to keep the market off new three-week lows despite a potential tailwinds coming from the US labor market. Key points: Bitcoin attempts to cement a rebound thanks to US jobs data showing labor market weakness. BTC price action remains below $116,000, but order-book data has traders favoring a short squeeze. Read more
After banning retail access to crypto ETNs and derivatives in 2021, the FCA has reversed its approach in favor of ETN access for retail. The United Kingdom’s Financial Conduct Authority (FCA) has lifted the ban on retail access to cryptocurrency exchange-traded notes (cETNs). Companies in the UK will soon be able to offer retail consumers cETNs, with regulatory changes effective Oct. 8, according to an FCA announcement on Friday. The new development in the UK’s regulatory approach on crypto comes after the FCA banned crypto ETNs in January 2021, citing the extreme volatility of crypto assets and a “lack of legitimate investment need” for retail consumers. Read more
Following the landmark US passage of the GENIUS Act, Fabian Dori of Sygnum Bank breaks down what lies ahead for stablecoins, institutional adoption and global crypto regulation. The recent US passage of the GENIUS Act marked a significant turning point for stablecoins, setting a regulatory precedent that may shape digital finance globally. Fabian Dori, chief investment officer at Sygnum Bank, joined the latest episode of Cointelegraph’s Byte-Sized Insight podcast, detailing how the act will influence stablecoin adoption, institutional engagement and international regulatory alignment. The GENIUS Act, which introduces a clear federal regulatory framework for fiat-backed stablecoins, demands full transparency from issuers, including one-to-one asset backing, mandatory federal licensing and independent reserve audits. Read more