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US Treasury Cracks Down on Crypto Wallets Tied to Terrorism and Money Laundering
The US Treasury Department has sanctioned eight cryptocurrency wallets linked to Russian exchange Garantex and Yemen's Houthi movement after discovering nearly $1 billion in suspicious transactions. The crackdown highlights cryptocurrency's growing role in financing terrorism and signals increased regulatory scrutiny of both centralized and decentralized platforms.
PayPal Expands Crypto Portfolio with Addition of Solana and Chainlink Trading
PayPal broadens its cryptocurrency offerings by adding Solana and Chainlink trading for US customers, joining its existing lineup of digital assets. The expansion reflects PayPal's growing commitment to crypto services since 2020, now serving 36 million merchant accounts.
Trezor Suite Expands with OTC Trading for High-Volume Investors
Trezor enhances its cryptocurrency management platform with Over-the-Counter trading capabilities for transactions starting at €50,000. This strategic move enables institutional investors to execute large trades privately while maintaining security through Trezor's hardware wallet integration.
Fake Android Phones Found Preloaded with Cryptocurrency-Stealing Malware
Kaspersky Labs uncovers thousands of counterfeit Android devices containing pre-installed Triada Trojan malware targeting cryptocurrency wallets and personal data. The sophisticated malware has already enabled theft of over $270,000 in crypto assets while being extremely difficult to detect and remove.
Kraken Secures Regulatory Approval in Canada, Appoints New North America GM
Cryptocurrency exchange Kraken obtains Restricted Dealer registration from Ontario regulators while announcing new leadership. The milestone enables continued Canadian operations under regulatory oversight, as the exchange reports doubled growth and $2B CAD in managed assets.
SEC and Gemini Explore Settlement in Crypto Lending Program Lawsuit
The SEC and Gemini have requested a 60-day pause in their legal battle over the unregistered Gemini Earn program to discuss settlement terms. The case, initiated in January 2023, follows Genesis Global Capital's $21 million settlement and bankruptcy filing after holding $900 million in customer assets.
Beyond Trade Wars: Understanding Bitcoin's Recent Price Struggles
Despite quick assumptions linking Bitcoin's sub-$89,000 performance to US-China trade tensions, multiple factors including controlled inflation and shifting risk appetites tell a different story. Analysis reveals Bitcoin's challenges predated the tariff announcements, with institutional interest remaining robust through $2.75B in ETF inflows.
Bitcoin Surges Above $85,000 as Markets Anticipate Softer Trump Tariff Policies
Bitcoin rallied past $85,000 alongside other major cryptocurrencies as traders bet on milder-than-expected tariffs ahead of Trump's 'Liberation Day' announcement. The upswing reflects renewed institutional optimism, though analysts remain cautious about potential market volatility once actual policies are revealed.
Bitcoin Struggles to Break $89K Resistance as Economic Factors Overshadow Trade War Impact
Bitcoin continues trading below $89,000 since early March, with analysis revealing the downturn preceded US-China trade tensions. Despite robust institutional engagement through spot ETFs and major purchases, the cryptocurrency faces headwinds from moderating inflation and broader economic concerns.