Qubic Restarts Chain as Victims Seek $1.3 Million in Stolen QU – Bitcoin News
Key Takeaways Qubic restarted its blockchain after attackers drained 1,404 wallets of approximately $1.3 million. Qubic’s validators approved a recovery plan, with verified victims already receiving payments. Qubic victims have until May 1, 2027, to file claims for stolen cryptocurrency….
OCC Faces Banking Backlash Over $850 Billion Stablecoin Threat
Key Takeaways The ABA blasted the OCC for removing safeguards against indirect stablecoin yield payments. The ICBA told Bitcoin.com News that stablecoin adoption could reduce community bank lending by at least $850 billion. Both banking groups argue crypto rewards could…
BIS Paper Shows Meme-Level Grasp of Bitcoin, But Agrees With Saylor on Key Point
Key Takeaways The BIS argues bitcoin cannot function as everyday money because it lacks the credit structures and public backstops underpinning fiat money. Michael Saylor agrees that, for now, bitcoin is better suited as capital than currency, advocating credit products…
Bitcoin Price Cracks $84K as $188 Million in Crypto Shorts Get Wiped Out
Key Takeaways Bitcoin reclaimed $84,000 on Oct. 21, briefly approaching $84,739 as bearish positions unraveled. Coinglass recorded $243.04 million in crypto liquidations, including $188.14 million in shorts. Binance accounted for approximately 44% of liquidations as bitcoin approached familiar resistance. Bitcoin’s…
OCC Finalizes GENIUS Act Rules as Stablecoin Yield Faces Limits
Key Takeaways OCC rules implementing the GENIUS Act take effect Jan. 18, 2027, setting federal stablecoin standards. Issuers cannot pay yield just for holding stablecoins, while third-party rewards face case-by-case review. The framework gives U.S. issuers a federal path for…
DILG SEC Claims Fugitive Tycoon Atong Ang May Have Converted $3 Billion Into Crypto
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Fugitive gambling tycoon Charlie “Atong” Ang may have converted an estimated $3 billion into cryptocurrency to conceal his financial movements…
MEXC Cuts off Russia and Belarus Support as EU Crypto Walls Close in
Key Takeaways MEXC began winding down accounts for users in Russia and Belarus on Oct. 20, citing compliance. The EU’s 20th sanctions package banned crypto deals with Russian and Belarusian providers from May 24, 2026. Russia’s central bank keeps peer-to-peer…
Ombudsman Suspends DICT Undersecretary Almirol Over Alleged P1.55B Conflict of Interest
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. The Office of the Ombudsman has placed Department of Information and Communications Technology Undersecretary for E-Government David L. Almirol Jr….
Ether Worth $390 Million Locked up by Tom Lee’s Bitmine
Key Takeaways Bitmine staked 159,728 ETH ($390.6M) on Oct. 21, bringing its staked total to 5.23M ETH. Staking now covers 86.5% of Bitmine’s roughly 6.04M ETH, up from about 84% on Oct. 18. Bitmine sits about 63,500 ETH short of…
Token2049: How TRM Labs Tracks Crypto Scams, Fake Merchant QRs, and Stolen Funds in Southeast Asia
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Check out the BitPinas Token 2049 Coverage Here At major crypto conferences like Token2049, the floor is usually dominated by…
