crtypto & forex news

In a recent development, the Russian government has introduced a bill before its lower legislative house to criminalize the operation of unregistered crypto services in the country. Unlicensed Crypto Operators To Face Up To Four Years In Prison In a bill proposal to the lower house of the Federal Assembly of Russia, the State Duma, Russian lawmakers proposed criminal liability for entities engaging in activities related to the organization and circulation of cryptocurrencies and other digital assets without regulatory approval from the country’s central bank. The draft law’s explanatory note read: In accordance with the proposed Article 1717, it is proposed to introduce criminal liability for carrying out activities related to the organization of digital currency circulation without registration 0037822-UCH-2026 (7.1) or without a special permit (license) in cases where such a permit (license) is mandatory. According to this proposed bill, individuals could incur as high as $4,...

Crypto pundit James has highlighted what the XLS-66 amendment is about and what it would mean for XRP holders in terms of earning yields. This comes as the XRP Ledger validators prepare to vote on the amendment, which will introduce the institutional lending protocol.  How XRP Holders Can Earn Yields Through XLS-66 Amendment In an X post , James noted that, contrary to what XRP holders may think, the XLS-66 amendment is not just about depositing one’s tokens and collecting interest. Instead, it is a structured, institutional lending protocol in which investors’ yields accrue within the single-asset vault and are realized only when they choose to redeem their deposits.  As such, the XLS-66 amendment won’t give XRP holders automatic payments or dividends. Instead, they receive an MPT token, which represents the altcoin they deposited into the vault. These MPT shares grow in redemption value over time. James noted that the borrowers aren’t retail investors but banks, market...

Following the broader market recovery, sentiment appears to be shifting in the XRP market as signs of renewed bullish momentum start to take hold . A growing bullish momentum implies that buyers are gradually stepping back in. However, a key metric suggests a lingering underlying weakness beneath the surface. The Real State Of The XRP Market After a period of uncertainty and subdued price action, XRP is gaining bullish traction, drawing closer to reclaiming the $1.50 mark. Even with the newfound strength of the altcoin, certain indicators show the broader market trend still appears to be weak and bearish, creating a layer of uncertainty. While it may seem bullish, Teddy, a crypto expert, has drawn attention to the XRP Sharpe Ratio, which is offering a sobering view of the XRP market. The key metric is trending in negative territory, indicating that conditions remain in a post-pain phase. What this means is investors are still recovering from earlier drawdowns despite a period of ...

Crypto and financial industry leaders have raised concerns over Elon Musk’s proposed X Money. This includes Senator Elizabeth Warren , a member of the Senate Banking Committee, who warned that the move will threaten financial stability.  Senator Elizabeth Warren Questions Elon Musk’s X Money Senator Warren wrote a letter to Elon Musk in which she raised concerns about the proposed April launch for the payments platform, X Money . She stated that developments around the launch of the payments platform raise significant consumer, financial stability, and national security concerns.  As part of these concerns, the senator noted that X Money may partner with Cross River Bank, which was subject to a serious enforcement action by the FDIC in 2023 for unsafe and unsound practices. She also highlighted X Money’s preview materials, which suggest that users can earn up to 6% APY on deposit accounts. Warren said it is unclear what risky investments they plan to pursue to earn this yi...

An open-source detection tool and an industry-standard identification framework — those were among the outputs of a single researcher working on a six-month stipend. The findings, published by the Ethereum Foundation, came out of a program called ETH Rangers , which was set up in late 2024 to fund security work that benefits the broader crypto ecosystem. One Researcher, One Stipend, 100 Operatives One of the grant recipients used the funding to build the Ketman Project , an investigation focused on fake developer identities inside crypto companies. Over six months, the project tracked down 100 North Korean IT workers embedded in Web3 organizations. About 53 projects were contacted and warned that they may have hired active operatives linked to the Democratic People’s Republic of Korea. The Ethereum Foundation described the threat as “one of the most pressing operational security threats facing the Ethereum ecosystem today.” A project funded by the #Ethereum Foundation reveale...

The Ethereum Foundation exposed 100 Democratic People’s Republic of Korea (DPRK)‑linked IT workers embedded across roughly 53 crypto projects. Ethereum Foundation Levels Up Its Security With A Detective Program The North Korean secret crypto-agents don’t rest, so the Ethereum Foundation decided it was time they put on the detective’s hat to track them before they too fell victims to them, just as Drift Protocol was at the beginning of the month . And so, yesterday afternoon the Foundation announced on an official blog pos t the starking results yielded by the ETH Rangers Program (and yes, everything related to North Korean hackers inevitably sounds straight out of an RPG or action movie). The ETH Rangers Program has wrapped up and the results speak for themselves: $5.8M+ recovered, 785+ vulnerabilities reported, 100+ DPRK operatives identified, and so much more. A decentralized defence for a decentralized network. Read the full recap — EF Ecosystem Support Program (@EF_ESP) Apri...

After a sudden upward move earlier this week, the Bitcoin price appears to be stabilizing near the $74,000 mark as bullish sentiment persists . With bullish momentum gaining traction, investors are now shifting into accumulation mode across the market, which has led to a notable withdrawal of the flagship asset from cryptocurrency exchanges. Growing Accumulation Drives Bitcoin Off Exchanges Currently, a notable shift is unfolding in the supply dynamics of Bitcoin. While Bitcoin’s price is showing upward momentum following a broader market recovery, investor demand for the leading crypto asset has reportedly been returning beneath the surface.  Bitcoin continues to flow off cryptocurrency exchanges at an accelerating pace during this brief price rebound. As stated by Darkfost, a market expert and verified author at the CryptoQuant platform, this has been ongoing for the past two months, during which Bitcoin was withdrawn from exchanges nearly every day. This consistent withdra...