British government targets financial institutions and digital asset firms tied to sanction evasion schemes The United Kingdom has imposed new sanctions on Kyrgyz banks and crypto platforms accused of facilitating Russian efforts to bypass Western restrictions. At the center of the move is a $9.3 billion ruble-backed stablecoin network, which UK officials claim was designed to undermine global sanctions. A7A5 Stablecoin Under Scrutiny According to the UK government, the sanctioned entities supported the A7A5 stablecoin, a token pegged to the Russian ruble that processed $9.3 billion worth of transactions in just four months. Officials described the project as a direct…
Author: Blockto Team
Winklevoss-owned exchange strengthens European presence with regulatory approval Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has received a Markets in Crypto-Assets Regulation (MiCA) license from the Malta Financial Services Authority (MFSA). This approval marks a major step in the exchange’s regulated expansion across Europe. According to official MFSA records, the MiCA license was granted on Wednesday, positioning Gemini to offer secure and compliant crypto services across more than 30 European jurisdictions. “Receiving this approval marks a critical milestone in our regulated European expansion, as it will allow us to expand our secure and reliable crypto products for…
BitMEX co-founder pivots to longevity research with major stake in regenerative medicine Arthur Hayes, co-founder of BitMEX and one of the most influential figures in crypto, is making headlines again—this time for an entirely different reason. Fresh off a presidential pardon by Donald Trump in March, Hayes has turned his attention to longevity and regenerative medicine, taking a board seat and major stake in a stem cell company. Hayes revealed that he has been a regular patient at the company’s clinics in Mexico and Bangkok for over a year, emphasizing his commitment to health and life extension. “I want to…
SHIB Price Holds Key Support After Volatile Week Shiba Inu (SHIB) witnessed heightened market activity this week, as trading volume surged past 1 trillion tokens, marking one of the largest daily spikes in recent weeks. Despite a sharp intraday spread of nearly 5%, bulls managed to defend critical dual support levels, keeping the asset from sliding further. The SHIB/USDT pair showed a bounce from the $0.00001200 – $0.00001180 support zone, highlighted by strong buying pressure on the chart. This area has acted as a pivotal floor for buyers, cushioning multiple downside attempts. On the resistance front, analysts point to $0.00001320…
Kenneth Rogoff, a renowned Harvard economics professor and former chief economist at the International Monetary Fund (IMF), once predicted that Bitcoin (BTC) would collapse to $100 instead of reaching $100,000 within a decade. Today, with Bitcoin trading above $113,000, Rogoff admits he misjudged the cryptocurrency’s resilience and regulatory response. Rogoff’s 2018 Bitcoin Prediction Back in 2018, when Bitcoin traded below $10,000, Rogoff confidently stated that the digital asset would lose most of its value. His reasoning? Governments and regulators would crack down on Bitcoin adoption, limiting its use and preventing it from thriving as a mainstream financial instrument. Instead, the…
Dogecoin Price Action Shows Strong Rebound From $0.21 Zone Dogecoin (DOGE) has staged an impressive V-shaped recovery after dipping to its critical support level near $0.21, signaling renewed bullish momentum in the market. The move comes amid large-scale accumulation by whales, suggesting that smart money is positioning for potential upside. The recent price action on the 4-hour chart shows DOGE retesting the green demand zone around $0.21, which previously acted as a strong support level. Despite a significant downward move, the price sharply bounced back after testing this level, indicating aggressive buying interest at lower levels. “This kind of rebound…
Rapper Kanye West’s newly launched YZY token on Solana made headlines after skyrocketing to a $3 billion market cap within 40 minutes of launch. However, the hype was short-lived, as insider trading allegations triggered a sharp price correction, pushing the market cap down to around $1.05 billion. YZY Token: A Bold Move by Kanye West In a post on X, Kanye West (Ye) announced the official launch of the YZY token, calling it “A NEW ECONOMY, BUILT ON CHAIN.” The token powers transactions within YZY Money, which West describes as a financial system built on crypto rails. The website, however,…
Analysts Eye $3.17 Breakout Level Amid Mixed Sentiment XRP is facing a critical test at the $3 resistance zone as trading volume surged to nearly three times the daily average, signaling heightened interest from both bulls and bears. The cryptocurrency, which recently bounced from a strong support near $2.85–$2.90, is now attempting to reclaim momentum after a sharp decline from August highs. Technical analysis suggests that $3.17 remains the breakout point to watch. If bulls manage to push above this level, many experts believe the next target could be $5.00 or higher, driven by renewed market optimism and potential short-covering.…
Trump family’s DeFi project, World Liberty Financial (WLFI), has minted $205 million worth of its USD1 stablecoin, boosting its total supply to $2.4 billion — a major leap that positions USD1 among the top stablecoins globally. The minting, announced on Thursday via X (formerly Twitter), comes as USD1’s circulating supply hit an all-time high. This increase follows a period of stability since late April, signaling renewed momentum for the stablecoin. Launched in early April, USD1 has quickly risen to become the sixth-largest stablecoin by market capitalization, trailing behind giants like Tether (USDT), which dominates with a $167 billion market cap…
A highly sophisticated crypto scam has shaken the UK after a fraudster posed as a senior law enforcement officer and stole £2.1 million ($2.8 million) worth of Bitcoin from a victim. The incident, reported by North Wales Police Cyber Crime Unit, highlights a disturbing new trend targeting long-term crypto holders. How the Scam Unfolded According to the police, the victim was contacted by someone claiming to be a senior UK law enforcement officer. The scammer alleged that they had arrested an individual carrying the victim’s identification documents, warning of potential security breaches. To exploit fear and urgency, the fraudster instructed…
