Latest news with #CoinDesk20Index
Time of India
4 days ago
- Business
- Time of India
Cryptocurrency Live News & Updates : Cork Protocol Hacker Launders Funds, Donates to Legal Fund
26 Jun 2025 | 01:45:10 AM IST Turkey is introducing measures to curb the laundering of illicit funds through cryptocurrency, including withdrawal limits and mandatory waiting periods, according to Finance Minister Mehmet Simsek. Turkey is taking significant steps to prevent money laundering linked to illegal activities by implementing new regulations on cryptocurrency transactions. Finance Minister Mehmet Simsek announced plans for withdrawal limits and waiting periods for crypto assets, aiming to enhance compliance with the travel rule. Meanwhile, the Cork Protocol exploiters have resurfaced, laundering stolen funds through Tornado Cash and even donating to a legal fund for Tornado Cash developers. This highlights ongoing challenges in tracking illicit activities in the crypto space. In market updates, Bitcoin Cash (BCH) has gained 6.0%, leading the CoinDesk 20 Index, while SoFi is set to launch international remittances using stablecoins, signaling a renewed interest in crypto services. Additionally, the Bank of Korea's deputy chief emphasized a gradual introduction of won-denominated stablecoins, reflecting a cautious approach to integrating digital assets into the financial system. These developments underscore the evolving landscape of cryptocurrency regulation and usage across different regions. Show more
Economic Times
4 days ago
- Business
- Economic Times
Cryptocurrency Live News & Updates : Cork Protocol Hacker Launders Funds, Donates to Legal Fund
In recent developments, the Cork Protocol hacker has been active again, transferring 4,520 ETH (approximately $11 million) to Tornado Cash, a notorious crypto mixing service. This comes after the attacker exploited the protocol in May, draining millions. In an unexpected move, the hacker also donated 10 ETH to a legal fund for Tornado Cash developers, who are currently facing legal challenges due to the misuse of their platform. Meanwhile, the CoinDesk 20 Index shows Bitcoin Cash leading with a 6.0% gain, reflecting a positive trend in the crypto market. SoFi is set to enhance its digital asset offerings by launching international remittances using stablecoins and reintroducing crypto trading services, signaling a renewed interest in the crypto space. Additionally, the Bank of Korea is considering a gradual introduction of won-denominated stablecoins, emphasizing regulatory caution. Lastly, Bernstein has raised its price target for Coinbase, highlighting its pivotal role in the crypto ecosystem as it continues to dominate U.S. trading despite market challenges. The Cork Protocol exploiter has resurfaced, laundering over $11 million through Tornado Cash and donating 10 ETH to support the legal defense of Tornado Cash developers facing charges. Cork Protocol Hacker Launders Funds, Donates to Legal Fund The Cork Protocol exploiter has resurfaced, laundering over $11 million through Tornado Cash and donating 10 ETH to support the legal defense of Tornado Cash developers facing charges. Bitcoin Cash Leads CoinDesk 20 with 6% Gain The CoinDesk 20 Index is up 0.5% to 2996.59, with Bitcoin Cash (BCH) leading the way with a 6.0% increase. SoFi Introduces Blockchain Remittances with Stablecoins SoFi plans to launch international remittances using blockchain and stablecoins, alongside a relaunch of crypto investing services, including BTC and ETH. Bank of Korea Advocates Gradual Stablecoin Introduction The Bank of Korea's deputy governor suggests a phased introduction of won-denominated stablecoins, starting with regulated banks to ensure user protection and financial stability. Bernstein Raises Coinbase Price Target to $510 Bernstein has increased its price target for Coinbase from $310 to $510, emphasizing its pivotal role as the 'universal bank' of crypto and its dominance in U.S. trading. Dogecoin Surges Past 16 Cent Resistance Dogecoin increased by 1.67% to $0.167, breaking a significant resistance level amid ongoing macroeconomic uncertainties. Bitcoin Traders Prepare for June Options Expiry Bitcoin traders are gearing up for a $20 billion options expiry on June 27, with a focus on maintaining support above $106,000 amid recent market fluctuations. Ethereum Price Tests Critical Resistance Level Ethereum's recent recovery from local lows has brought it to a crucial resistance level at $2,600, which bulls must reclaim to maintain control and avoid a bearish pullback. Presearch Unveils Decentralized Non-Profiling Search API Presearch has launched the first decentralized search API that prioritizes user privacy by not profiling users, accepting payments in Bitcoin, PRE, and USDC. IOTA Price Decline Post-Rebased Upgrade IOTA's token has plummeted 41% to $0.15 following the Rebased upgrade, which aimed to enhance developer engagement but has not yet shown results. Dow Jones Steady as Oil Prices Drop U.S. stocks opened higher on June 25, with the Dow Jones flat amid a fragile Israel-Iran ceasefire, while oil prices fell significantly. H100 Group Increases Bitcoin Holdings H100 Group, a publicly traded Swedish firm, has expanded its Bitcoin portfolio by acquiring an additional 19.38 BTC, bringing its total holdings to 200.21 BTC, which includes 11.63 BTC from convertible loan proceeds. Traders Split on Market Outlook A recent briefing revealed a stark divide among traders regarding short-term market trends, with some expecting a minor rebound and others citing a lack of buying power. Did Hal Finney's 2010 Bitcoin Prediction Come True? In a 2010 forum post, Hal Finney predicted the rise of Bitcoin banks, suggesting that Bitcoin would be used primarily for large transactions while digital cash issued by these banks would facilitate everyday payments. Kalshi Achieves $1 Billion Valuation Amid Legal Clarity Kalshi is reportedly raising over $100 million, achieving a valuation exceeding $1 billion, as the CFTC's legal challenges dissipate, signaling a positive shift for regulated prediction markets. Obtains $120M Insurance for Custody Services has secured $120 million in insurance for its U.S. custody platform, Custody Trust, to protect digital assets against theft and crime. Tax Implications of Recovering Stolen Crypto Recovering stolen cryptocurrency can lead to unexpected tax liabilities, influenced by factors such as prior deductions and the nature of the recovery. Kalshi Joins Polymarket as Latest Unicorn Kalshi has successfully raised over $100 million, achieving a valuation of $1 billion, following Polymarket's recent funding announcement. Corporate Stablecoin Adoption Set to Surge The U.S. Senate has approved a bill to establish a regulatory framework for stablecoins, potentially accelerating corporate adoption as it offers essential clarity on regulations. Trump Media Files for Bitcoin and Ethereum ETF Trump Media & Technology Group has submitted a filing to launch an ETF that invests in bitcoin and ethereum, marking its second cryptocurrency ETF attempt in two weeks. Bitcoin Lightning Network Unveils 'Bitcoin Alpha' Initiative The Bitcoin Lightning Network, in collaboration with Nubit, has launched the 'Bitcoin Alpha' task system, allowing users to earn significant task points. This initiative follows the integration of WLFI's USD1 stablecoin, which has enabled millions of transactions on the network.
Yahoo
4 days ago
- Business
- Yahoo
CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Gains 6.0%, Leading Index Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2996.59, up 0.5% (+15.68) since 4 p.m. ET on Tuesday. Seven of 20 assets are trading higher. Leaders: BCH (+6.0%) and SOL (+1.8%).Laggards: APT (-2.7%) and AAVE (-1.6%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Yahoo
6 days ago
- Business
- Yahoo
Bitcoin Bounce Fails, Tumbling Below $100K as Iran Reportedly Prepares Retaliation Against U.S.
Cryptocurrencies swung wildly during midday U.S. hours on Monday, with bitcoin BTC briefly sliding back below $100,000 on news reports that Iran could be preparing to attack U.S. bases in the Middle East. Other major cryptos also erased a part of their gains: Ethereum's ether ETH fell below $2,200, while XRP XRP plunged back below $2 before stabilizing around those round-number levels. The broad-market CoinDesk 20 Index, having lost around 3% during the U.S. morning session, was still slightly up over the past 24 hours. At press time, bitcoin had returned to modestly above the $100,000 mark. The Sunday low in prices was at roughly $98,500. Axios reported that the Trump administration was preparing for Iran to attack U.S. bases in the Gulf in retaliation for the U.S. military bombarding three Iranian nuclear sites over the weekend. American bases in Qatar, the United Arab Emirates and Kuwait were targeted. The report noted the president as imminently set to meet with his national security team to discuss the threat. "Bitcoin's recent fall is being driven by a potent mix of geopolitical tension and macro uncertainty," said Kirill Kretov, senior automation expert at CoinPanel. "As conflict in the Middle East escalates, global risk appetite has sharply declined." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
CoinDesk 20 Performance Update: Uniswap (UNI) Drops 11.4% as All Assets Trade Lower
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2789.42, down 4.4% (-127.06) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: BTC (-1.8%) and LTC (-1.9%).Laggards: UNI (-11.4%) and ICP (-8.2%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
