Cointelegraph.com
Source:
https://cointelegraph.com
Found 8850 news
-
Cointelegraph.com - 10:42 Oct 28, 2025
Fintech startup ZAR aims to use Pakistan’s corner stores and kiosks to make stablecoins accessible to millions of unbanked citizens. Venture capital giant Andreessen Horowitz (a16z) is leading a $12.9 million funding round for ZAR, a one-year-old fintech startup aiming to make dollar-backed stablecoins accessible to everyday consumers in Pakistan and other emerging markets. The round drew participation from Dragonfly Capital, VanEck Ventures, Coinbase Ventures and Endeavor Catalyst, according to a Tuesday report by Bloomberg. The startup is targeting Pakistan’s 240 million people, where the World Bank estimates over 100 million adults remain unbanked. Unlike many crypto companies focused on apps or global exchanges, ZAR plans to distribute stablecoins through local stores, phone kiosks and money agents, the same network used for mobile top-ups and remittances. Read more -
Cointelegraph.com - 10:25 Oct 28, 2025
Skipping cryp to taxes can trigger hefty fines and legal issues. Find out what really happens if you fail to report or pay taxes on your holdings. Tax authorities like the IRS, HMRC and ATO classify crypto as a capital asset, meaning that sales, trades and even swaps are considered taxable events. Tax authorities worldwide are coordinating through frameworks like the FATF and the OECD’s CARF to track transactions, even across borders and privacy coins. Authorities use blockchain analytics firms like Chainalysis to link wallet addresses with real identities, tracking even complex DeFi and cross-chain transactions. Read more -
Cointelegraph.com - 10:20 Oct 28, 2025
A pickup in Bitcoin price momentum and trading activity could push BTC above the next significant hurdle at $115,000 and secure a sustained recovery. Key takeaways: Bitcoin must hold support at $114,000 to confirm the recovery. Spot volume and trading activity must recover to ensure a sustained breakout in BTC price. Read more -
Cointelegraph.com - 09:51 Oct 28, 2025
Bitcoin’s diminishing returns and growing inaccessibility for average retail investors are threatening the predicted extension of the crypto market cycle, according to 10x Research. Bitcoin is becoming increasingly unattainable for average investors, raising questions about whether the current bull market can sustain its momentum beyond the traditional four-year cycle. Crypto market intelligence company 10x Research suggested Bitcoin (BTC) is becoming too expensive for sustained retail purchases, a development that may endanger the predicted extension of the current bull market cycle. Despite numerous calls for an extended market cycle, drawing on the conclusions of the four previous market cycles is “highly questionable,” according to 10x. Read more -
Cointelegraph.com - 09:25 Oct 28, 2025
Evernorth Holdings is progressing with its plan to launch a publicly traded XRP treasury vehicle on the Nasdaq by accumulating 388.7 million XRP. Evernorth Holdings, a new Ripple-backed digital asset company, has reportedly amassed $1 billion worth of XRP tokens as part of its strategy to establish an XRP treasury. As of Monday, Evernorth’s XRP (XRP) holdings totaled 388.7 million tokens, according to data from digital asset analytics platform CryptoQuant. With XRP trading above $2.60 at the time of publication, the company’s XRP holdings have surpassed the $1 billion mark — a significant milestone in XRP accumulation that came just days after Evernorth’s official debut on Oct. 20 as an institutional vehicle for XRP adoption. Read more -
Cointelegraph.com - 01:56 Oct 28, 2025
Crypto treasury companies tightened their purse strings after the Oct. 10 market crash, with one exception, said Coinbase’s David Duong. Public companies that buy and hold Bitcoin and Ether have largely stopped accumulating since the market tumbled earlier in October, a move signaling a recent lapse in confidence. Digital asset treasury (DAT) companies that buy Bitcoin (BTC) “have largely ghosted the post-Oct 10 drawdown and are yet to re-engage,” Coinbase Institutional global head of investment research David Duong said on Sunday. “Over the last two weeks, BTC buying by DATs fell to near year-to-date lows and has not meaningfully recovered, even on green days,” he added. Read more -
Cointelegraph.com - 00:23 Oct 28, 2025
S&P Global Ratings said Strategy’s high Bitcoin concentration and low US dollar liquidity, among other factors, are weaknesses for the firm. S&P Global Ratings has given Michael Saylor’s Strategy a “B-” credit rating, placing it in the speculative, non-investment-grade territory — often referred to as a “junk bond” — although it said the Bitcoin treasury company’s outlook remains stable. “We view Strategy’s high bitcoin concentration, narrow business focus, weak risk-adjusted capitalization, and low US dollar liquidity as weaknesses,” the credit rating platform said in a review of Strategy on Monday. Strategy has accumulated its 640,808 BTC treasury mainly via equity and debt financing. The stable outlook assumes the company will prudently manage convertible debt maturities and maintain preferred stock dividends, potentially through additional debt issuance, it said. Read more -
Cointelegraph.com - 22:11 Oct 27, 2025
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Michael Selig confirmed his nomination to chair the US Commodity Futures Trading Commission. Meanwhile, cryptocurrency investment funds regained momentum last week amid improving investor confidence, and Australia’s crypto industry warned that the country’s draft digital asset laws still need significant work. US Securities and Exchange Commission (SEC) official Michael Selig announced that President Donald Trump had nominated him to chair the Commodity Futures Trading Commission (CFTC), citing a focus on crypto policies. The move still requires Senate approval and comes as the agency operates with several open seats. In Saturday X posts, Selig and White House crypto and AI czar David Sacks confirmed reports that Trump would nominate him to chair the CFTC, setting the groundwork for the departure of acting Chair Caroline Ph... -
Cointelegraph.com - 22:04 Oct 27, 2025
The eight-hour outage occurred during the largest liquidation event in crypto history, prompting dYdX to propose community-governed reimbursements from its insurance fund. Decentralized exchange dYdX released a post-mortem and community update detailing plans to compensate traders affected by a chain halt that paused operations for roughly eight hours during last month’s market crash. The exchange said on Monday that its governance community will vote on compensating affected traders with up to $462,000 from the protocol’s insurance fund. DYdX wrote that the Oct. 10 outage stemmed “from a misordered code process, and its duration was exacerbated by delays in validators restarting their oracle sidecar services.” According to the DEX, when the chain resumed, “the matching engine processed trades/liquidations at incorrect prices due to stale oracle data.” Read more -
Cointelegraph.com - 21:46 Oct 27, 2025
Amid a US government shutdown with no end in sight, a Republican lawmaker said Congress had only until January or February to pass crypto legislation. North Carolina Senator Thom Tillis, a Republican member of the US Senate Banking Committee, reportedly warned that Congress has only a few months left to advance crypto legislation before election politics stall progress. According to a Monday Bloomberg report, Tillis said the 2026 midterm elections would likely hamper progress on any crypto bills currently moving through Congress, such as the market structure framework passed by the House of Representatives in July, which is currently under consideration in the Senate. Tillis said lawmakers should act “by the first part of January, February” to get any legislation passed in the current session, which ends in January 2027. Read more -
Cointelegraph.com - 21:30 Oct 27, 2025
Bloomberg analyst Eric Balchunas says exchanges have posted listing notices for Bitwise’s Solana ETF and Canary’s Litecoin and Hedera funds. Crypto markets may see another wave of exchange-traded fund debuts this week, with Solana, Litecoin and HBAR funds appearing in US exchange listings ahead of a potential launch on Tuesday. According to Bloomberg analyst Eric Balchunas, US exchange listing notices have appeared for Bitwise’s Solana (SOL) ETF and Canary’s Litecoin (LTC) and Hedera (HBAR) ETFs, with the funds slated to go live on Tuesday. In an X post on Monday, Balchunas said Grayscale’s Solana Trust is expected to convert to an ETF the following day. Read more -
Cointelegraph.com - 20:10 Oct 27, 2025
Citi partners with Coinbase to pilot stablecoin payments as the bank forecasts a $4 trillion market by 2030, signaling Wall Street’s growing crypto embrace. Citigroup could become one of Wall Street’s first major banks to offer stablecoin payment services, marking a potential milestone in the broader adoption of tokenized dollars following the passage of the GENIUS Act earlier this year. According to Bloomberg, Citi has partnered with crypto exchange Coinbase to expand its digital asset capabilities, initially focusing on making it easier for clients to move funds between fiat and crypto. Debopama Sen, Citi’s head of payments, said the bank’s clients are increasingly seeking programmability, conditional payments and greater speed and efficiency, alongside round-the-cock payment access. Read more -
Cointelegraph.com - 19:59 Oct 27, 2025
Just a few weeks after a Singaporean court approved WazirX's parent company's restructuring plan, a decision out of one of India's courts could impact users. An Indian high court issued a ruling that could impact how cryptocurrency exchanges handle claims filed by users following a hack or other incident potentially affecting their holdings. In a ruling delivered on Saturday, Justice N. Ananad Venkatesh of India’s High Court of Judicature at Madras ordered crypto exchange WazirX’s operator, Zanmai Lab, to furnish a bank guarantee for about $11,800 as part of arbitration proceedings brought by a user over 3,532 XRP (XRP) holdings. Zanmai has custody of the tokens, which were frozen after a 2024 cyberattack resulted in the loss of about $235 million worth of crypto. “Since the cyber attack took place, there are insufficient crypto currency tokens attributable to the platform’s user liabilities to satisfy unsecured crypto currency claims of its users,” said the Saturday filing. Read more -
Cointelegraph.com - 19:00 Oct 27, 2025
XRP could surge to $3 amid strong bullish signals, including Evernorth’s $1 billion accumulation and a growing supply shock at exchanges. Key takeaways: XRP fractal indicates a 12% to 18% rally in November. On-chain data reveals the highest XRP withdrawal on record, boosting its bullish odds. Read more -
Cointelegraph.com - 18:37 Oct 27, 2025
White House crypto and AI czar David Sacks announced Selig as US President Donald Trump's pick after Brian Quintenz's nomination to lead the regulator was withdrawn. US Securities and Exchange Commission (SEC) official Michael Selig announced that President Donald Trump had nominated him to chair the Commodity Futures Trading Commission (CFTC), citing a focus on crypto policies. The move still requires Senate approval and comes as the agency operates with several open seats. In Saturday X posts, Selig and White House crypto and AI czar David Sacks confirmed reports that Trump would nominate him to chair the CFTC, setting the groundwork for the departure of acting Chair Caroline Pham. Selig, whose nomination did not appear in congressional records nor among official White House announcements at the time of publication, reiterated Trump’s goal of making the US a “crypto capital.” Read more -
Cointelegraph.com - 18:00 Oct 27, 2025
The tokenized asset marketplace plans to go public next year, joining a wave of crypto companies moving toward public markets amid clearer US regulations. TZero Group, a New York–based blockchain infrastructure company specializing in tokenized securities and real-world assets, has announced plans to go public in 2026. The company on Monday disclosed plans for an initial public offering (IPO) in the United States. Founded in 2014, tZero helps companies raise capital and trade securities on blockchain-based platforms under US securities laws, including private offerings. CEO Alan Konevsky told Bloomberg that tZero is in talks with several banks but hasn’t chosen an underwriter. He said tZero, which employs just over 50 people and isn’t yet profitable, may also pursue an additional funding round ahead of the listing. Read more -
Cointelegraph.com - 17:50 Oct 27, 2025
Bitcoin and several major altcoins have started a strong recovery, but the relief rally is expected to face significant headwinds near major overhead resistance levels. Key points: Bitcoin’s recovery could face selling at $118,000, but if the bulls overcome the resistance, the rally could retest the all-time high of $126,199. Several major altcoins have bounced off their strong support levels, but the recovery could face significant selling at higher levels. Read more -
Cointelegraph.com - 17:06 Oct 27, 2025
Ledn has facilitated $2.8 billion in cumulative crypto-backed loans as holders leverage market gains amid the bull market. Digital asset lender Ledn has reported a record quarter for its Bitcoin-backed credit products, as more investors chose to borrow against their holdings amid the ongoing crypto bull market. The company originated $392 million in Bitcoin (BTC)-backed loans during the third quarter, pushing year-to-date originations past $1 billion. Since its inception, Ledn has issued more than $2.8 billion in total loans across over 100 countries, the company said. Ledn also reported generating approximately $100 million in annual recurring revenue. Read more -
Cointelegraph.com - 15:48 Oct 27, 2025
Canada eyes new stablecoin rules in upcoming budget, aiming to modernize payments and follow the US GENIUS Act’s regulatory example. The Canadian federal government is reportedly preparing new rules for stablecoins, with an update potentially coming in next week’s federal budget, signaling that more countries may follow the United States’ lead after the landmark passage of the GENIUS Act. Citing people familiar with the discussions, Bloomberg reported Monday that government officials have been meeting with regulators and industry stakeholders for several weeks. The update on stablecoin regulation could be unveiled as early as Nov. 4, when Finance Minister François-Philippe Champagne presents the federal budget. Canada lacks a comprehensive legal framework for stablecoins, though regulators have previously indicated that certain tokens could qualify as securities or derivatives under existing laws. Read more -
Cointelegraph.com - 15:06 Oct 27, 2025
With his Binance executive ban in place, Zhao found new channels to shape markets and policy across the crypto world. Binance co-founder Changpeng “CZ” Zhao has spent the past year rebuilding influence after serving four months in prison for violating US Anti-Money Laundering (AML) rules. Binance paid a $4.3-billion penalty fine; Zhao himself paid a $50-million criminal fine. He also received a lifetime ban from holding an executive position at the exchange. Over the year that followed his release in September 2024, Zhao resurfaced with government advisory roles. He moved memecoins with his X posts and fended off claims by The Wall Street Journal that he was courting influence through the Trump family and the World Liberty Foundation. Read more
8850 items