Author: James Wilson

British banks have faced 10,092 complaints over restrictions on cryptocurrency payments during a 90-day period, as customers question why some lenders block transfers to crypto platforms despite the government’s plans to attract digital asset businesses. Summary Stand With Crypto recorded 10,092 complaints from 9,803 people over 90 days. Lloyds, Barclays and NatWest accounted for 5,144 complaints, around 51% of submissions. Customers reported restrictions even at banks without publicly stated crypto payment limits. The complaints are self-selected submissions, not verified rejection rates across UK banks. The UK plans to regulate more crypto activities in 2027, but bank payment restrictions remain separate.…

CoinDCX has confirmed losing 15.99 million USDT through compromised wallet infrastructure after initially rejecting claims that nearly $16 million had been stolen from the Indian cryptocurrency exchange. Summary CoinDCX confirmed losing 15.99 million USDT after initially dismissing reports of suspicious wallet transfers. A failed automated sweeping service allowed deposits to accumulate in wallets compromised during July 2025. Blockchain investigators traced continued activity through supposedly retired wallets, challenging CoinDCX’s initial explanation. CoinDCX says it absorbed the losses, leaving customer balances, active wallets, and trading services unaffected. CoinDCX, in an October 25 statement, acknowledged that an October 21 incident affected its old…

Bitcoin price has recovered from a five-week low, but several major altcoins have suffered double-digit weekly losses as the cryptocurrency market struggles to regain momentum. Summary Bitcoin price recovered above $80,000 after falling to a five-week low near $79,100 on Saturday. Bitway led weekly altcoin losses with a 29.31% decline, followed by Rain and Hedera. Ethereum fell 3.41% over seven days, while Solana struggled to remain above $100. Pepe and MemeCore defied the market downturn, gaining 14.15% and 19.4% over the week. U.S. spot Bitcoin ETFs recorded approximately $773.5 million in combined outflows on October 22–23. The crypto market has…

XRP price has recovered to $1.30 on October 25, gaining approximately 1.56% over 24 hours, although falling whale-wallet counts and higher exchange balances have raised concerns about another sell-off. Summary XRP price recovered to $1.30 on October 25 but remained nearly 17% lower over the past month. Wallets holding 10 million to 100 million XRP reportedly declined from 351 to 339. Exchange balances rose by approximately 47 million XRP, according to figures shared by analyst Ali Charts. Spot XRP ETFs recorded no net inflows on October 23 after attracting $3.55 million the previous day. Analysts identified $1.26 as critical support,…

Electrum has released version 4.8.3 to fix a high-severity Bitcoin wallet vulnerability that malicious servers have exploited to redirect user payments, with developers confirming at least one case of stolen funds. Summary Electrum released version 4.8.3 after confirming that malicious servers were exploiting a high-severity vulnerability. Attackers replaced pending Bitcoin payments with fraudulent transactions that users could mistakenly authorize through fee bumps. Two users reported incidents, including one who lost Bitcoin after increasing a transaction fee. The vulnerability affected every Electrum version before 4.8.3; developers have not disclosed total losses. The security patch verifies signatures on unconfirmed transactions spending coins…

U.S. spot Bitcoin funds have swung from $524.8 million in net inflows on October 21 to $635.6 million in outflows on October 22, followed by another $137.9 million in withdrawals on October 23. Summary U.S. spot Bitcoin ETFs took in $524.8 million on October 21 and lost $635.6 million the next session, according to Farside. Another $137.9 million left the funds on October 23, based on Farside’s latest displayed fund entries. The October 19 to 23 total remained positive at $301.2 million despite two consecutive withdrawal days. BlackRock’s IBIT and Fidelity’s FBTC accounted for $471.6 million of the October 22…

South Korea’s presidential office has backed another postponement of the country’s planned 22% cryptocurrency gains tax, with lawmakers considering moving its January 2027 start date to 2029. Summary South Korea’s presidential office has backed another delay to its planned 22% cryptocurrency gains tax. The tax remains scheduled for January 2027, but ruling-party lawmakers have proposed moving it to 2029. Officials cited incomplete preparations, concerns among younger investors and gaps in overseas transaction reporting. Both major political parties support postponement, although they have proposed different approaches. Lawmakers could consider amendments in November, following consultations between the government and ruling party. According…

Bitfinex has argued for 24/7 stock markets, citing IMF research that found 87–99% of overnight tokenized equity moves appeared in conventional securities within five minutes of the opening bell. Summary IMF research found 87–99% of overnight tokenized equity moves appeared in conventional securities shortly after opening. Nasdaq targets Dec. 6 for 23-hour weekday trading, retaining daily pauses and weekend closures. TD Cowen expects limited U.S. demand as tokenized stocks compete with efficient conventional markets. Morgan Stanley pushed its expected tokenized equity rollout to Q1 2027 as preparations continue. Bitfinex said in an Oct. 23 article that tokenized equities already offer…

An Argentine federal judge has dismissed the LIBRA criminal case against President Javier Milei and 10 other defendants, including his sister Karina and U.S. businessman Hayden Davis, at the prosecutor’s request. Summary Argentina dismissed the LIBRA criminal case against Javier Milei, Karina Milei, Hayden Davis and eight others. A New York judge had separately dismissed the LIBRA class action in September. Challenges over affected investors’ exclusion from the Argentine proceedings remained pending, according to Infobae. Investigators could not establish the contents of Milei’s launch-day calls with Mauricio Novelli. La Nación reported that Judge Marcelo Martínez de Giorgi issued the 60-page…

CFTC Chairman Michael Selig has said the agency is monitoring prediction markets for possible manipulation ahead of the 2026 U.S. midterm elections, according to reporting on his latest television interview. Summary Mike Selig says the CFTC is monitoring prediction markets for manipulation ahead of U.S. midterms. Kalshi and Polymarket held $250 million in combined midterm open interest as of Oct. 18. CFTC settlements against Gabriel Perez and George Santos imposed financial sanctions and three-year trading bans. September guidance called for contract-specific safeguards on markets tied to individuals’ words or actions. Bloomberg’s Oct. 23 interview with Selig covered election-market surveillance alongside…