Crypto World Echo

Valkyrie amends Bitcoin Fund S-1 filing with enhanced custody and valuation rules

Valkyrie Investments refiled an amended Form S-1 with the Securities and Exchange Commission on Thursday for its Valkyrie Bitcoin Fund, adding more precise rules around custody, valuation, seed investments, and risks as the cryptocurrency investment vehicle awaits regulatory approval to trade on Nasdaq. The new filing updates the index used to value the fund’s Bitcoin from Lukka Prime to the CME CF Bitcoin Reference Rate – New York Variant, which calculates the reference rate as of 4 PM Eastern

Trustpilot’s “Mafia-Style Extortion” Model: Will It Shake Brokers’ and Prop Firms’ Trust?

London-listed shares of Trustpilot, the ratings of which are often advertised by brokers and prop trading firms, have fallen about 30 per cent after short seller Grizzly Research alleged that the review platform is running a “mafia-style extortion” campaign to pressure businesses into buying subscriptions to improve their ratings.The Questionable Business Model of TrustpilotFinanceMagnates.com had already exposed the questionable business model of Trustpilot earlier this year. According to Anya

XTB CEO Says Why He "Hates" Revolut and Why Robinhood Won't Win Europe

The head ofXTB, one of Europe's fastest-growing retail trading platforms, laid out anunusually candid competitive vision during a recent panel discussion at InvestCuffs Warsaw, declaring his company's intention to become "Europe'sRobinhood" while simultaneously predicting the American brokerage willfail to gain traction on the continent.Omar Arnaout, CEO of the Warsaw-listed trading firm (WSE: XTB), also commented on another strong competitor on the Old Continent: Revolut.Why XTB’s Arnaout “Hate

ZachXBT Reports: Hacker Danny Reportedly Arrested in Dubai, $19M Crypto Seized

Key Highlights: British hacker Danny (linked to the Genesis hack) was reportedly arrested in Dubai. This hacker was…

Meta Retreats from Metaverse with Major Cuts and A Pivot to AI

Meta is weighing significant budget reductions for its metaverse division whilefunneling resources into AI and smart wearables.The Metaverse Still Alive, The Money Hose is NotMeta spent years selling the metaverse as the next chapter of theinternet. It rebranded the entire company around it and poured astonishing sumsinto Reality Labs, the division tasked with building that vision. The divisionhas logged losses north of 70billion dollars since 2021. Investors gritted their teeth. Users werepolit

Europe Busts EUR 700 Million Crypto Fraud Network that Used Deep Fake Ads

The European authorities have taken down a cryptocurrency fraud and money laundering network that is believed to have laundered over 700 million euros. Multiple European agencies collaborated in the two-phase operation, which led to the arrest of nine individuals.Taking Down a Vast Fraud NetworkAccording to Europol’s announcement yesterday (Thursday), “the criminal network operated numerous fake cryptocurrency investment platforms, luring thousands of victims with advertisements promising high r

From Humble Beginnings to Global Vision — The Story of Wei Sheng, Founder of Traderpreneur Xcellence

When most people at his age were chasing early career milestones, Wei Sheng was fighting to climb out of a USD 100,000 (RM400,000) debt — a debt that almost broke him, but ultimately became the foundation of his purpose.“My story began with a fall,” Wei Sheng recalls. “But I refused to let it define me.”A Humble BeginningBorn and raised in Pahang, Malaysia, Wei Sheng grew up in a modest household. His father worked at a timber factory — the family’s sole breadwinner — until a tragic car accident

FXCM Australia Offered CFDs to "Medium Risk Appetite" Investors: Faces Stop Order

The Australian financial market regulator has issued an interim stop order against the operator of contracts for difference (CFD) broker FXCM for offering the risky instruments to “investors with a medium risk appetite.” The lapse has been seen as a breach of the target market determination under the design and distribution obligations (DDO) of the broker.A Pause of the BusinessFXCM can now neither issue CFDs to retail clients nor open trading accounts for new retail clients to trade in those CF

Tom Lee’s BitMine may have scooped up another 41,946 ETH

<p>BitMine's aggressive ETH acquisition strategy could significantly influence Ethereum's market dynamics and its role in future financial systems.</p><p>The post <a href="https://cryptobriefing.com/bitmine-ethereum-acquisition-moves/">Tom Lee&#8217;s BitMine may have scooped up another 41,946 ETH</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Two CEOs, One Binance: Can Yi He Rise Without Pulling CZ Back Into Power

Binance has named co-founder Yi He as co-chief executive, creating a dual leadership with Richard Teng, the regulator-turned-CEO.The appointment shows that Binance is changing how it distributes authority at the top. Richard Teng, a former regulator who became CEO in 2023, represents the company’s intended image of compliance, while Yi He — CZ Zhao’s longtime partner and current leader of product and strategy — reflects its founder-driven origins.The move follows Zhao’s pardon by U.S. President

Dogecoin Price in ‘Accumulation Territory’ According to Bubble-Risk Model 

Dogecoin price faces an 18% decline as the 20-day EMA slope provides dynamic resistance against coin buyers A&#8230;

Aster burns 77.8M tokens and moves 77.8M to locked airdrop wallet

<p>Aster's token burn and airdrop strategy could enhance scarcity and long-term value, potentially boosting investor confidence and market stability.</p><p>The post <a href="https://cryptobriefing.com/aster-token-burn-airdrop/">Aster burns 77.8M tokens and moves 77.8M to locked airdrop wallet</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Rep. Marjorie Taylor Greene increases Bitcoin exposure during market dip

<p>Increased Bitcoin investments by lawmakers may signal growing institutional acceptance and influence future regulatory and market dynamics.</p><p>The post <a href="https://cryptobriefing.com/marjorie-greene-bitcoin-exposure/">Rep. Marjorie Taylor Greene increases Bitcoin exposure during market dip</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Ripple Fuses 4 Core Acquisitions to Build One-Stop Finance Grid

Ripple’s expanded push into unified digital asset infrastructure signals a bid to anchor real-time global finance by fusing treasury intelligence, custody, liquidity and settlement into a single enterprise platform. Ripple Broadens Its Institutional Finance Ambitions Growing institutional demand for real-time financial infrastructure is reshaping how companies design digital asset systems. Ripple published on Dec. 4, [&#8230;]

Ethereum Completes Fusaka Upgrade with Zero Downtime

Key Highlights The Fusaka hard fork has been successfully completed on the Ethereum blockchain with zero downtime. This&#8230;

Bitcoin is quietly becoming the ultimate expert witness, forcing judges to accept a new standard of truth

The year is 2075. The judge does not ask for a deed. She asks for a transaction ID.The landlord’s lawyer queues up a Bitcoin transaction from fifteen years earlier that moved a token representing the property.The tenant’s lawyer concedes the transaction exists, yet claims the signature was obtained under duress.Everyone in the courtroom accepts what the chain records, but no one agrees on what the record means.That scene captures a question that is moving from thought experiment to institutional

IMF Economists Call for Unified Stablecoin Oversight as Risks Escalate

Stablecoins’ rapid global expansion is reshaping financial access and payments, offering new efficiencies while raising urgent concerns over monetary control and regulatory gaps that policymakers worldwide are now scrambling to confront. IMF Warns of Expanding Stablecoin Influence The International Monetary Fund (IMF) detailed on Dec. 4 that stablecoins can widen financial access and support innovation [&#8230;]

Murder of Son of Ukrainian Deputy Mayor in Vienna Tied to Stolen Crypto Funds

The murder of Danilo Kuzmin, the 21-year-old son of Kharkiv’s deputy mayor, in Vienna, is strongly suspected to be a case of crypto-related robbery and violence. Cryptocurrency as the Core Motive The brutal murder of Danilo Kuzmin, a 21-year-old Ukrainian student and the son of Kharkiv’s deputy mayor, in the Austrian capital, Vienna, is increasingly [&#8230;]

Chainlink’s $64M Grayscale ETF debut hides private banking loophole threatening to sever link between usage and price

Grayscale’s conversion of its legacy Chainlink trust into the GLNK exchange-traded product on Dec. 2 did more than simply add another ticker to the NYSE Arca board.With roughly $13 million in day-one trading volume, $41 million in immediate inflows, and assets climbing to approximately $64 million within the first 48 hours, GLNK entered the market distinct from the speculative alt-coin listings that characterized much of the previous cycle.Grayscale Chainlink ETF Daily Inflows Since Launch on De

Base Launches Solana Bridge, Secured by Chainlink and Coinbase

Key Highlights Base, the leading Ethereum layer-2 network, has launched its mainnet bridge to Solana, which enables the&#8230;