ProNews Crypto

WASABI AND PHOENIX WALLET EXIT U.S. AMID REGULATORY CRACKDOWN Recent developments in U.S. regulatory policies have led Acinq’s Phoenix Wallet and zkSNACKs’ Wasabi Wallet to cease their operations for U.S. customers. This move comes as a direct response to the increasing scrutiny faced by self-custodial cryptocurrency wallet providers. Following the crackdown on Consensys and the arrest of Samourai Wallet’s co-founders, these companies have expressed concerns regarding the classification of their services as legitimate money service businesses under U.S. law.

Crypto Market Selloff: $70B Liquidated As Bitcoin, SOL, XRP, SHIB Prices Fell The latest crypto market selloff was triggered by a flurry of macroeconomic and other related events, resulting in a liquidation of a staggering $70 billion in the last 24 hours. Although some have warned about short-term volatility following the recent Bitcoin Halving event, there could be several other reasons weighing on the sentiment. So, let’s take a look at the potential events that might have fuelled the recent crypto market selloff.

🇺🇸 DOJ Counters Motion to Dismiss Charges Against Tornado Cash Developer The government’s submission to the Southern District of New York opposes dismissing the charges against Roman Semenov, who, along with Roman Storm, is accused of operating Tornado Cash as a mechanism for cybercriminals to launder more than $1 billion, including monies linked to North Korea’s armament programs. The document specifies that from September 2020 to August 2022, Tornado Cash reportedly engaged in extensive laundering activities, using blockchain anonymity technology to conceal the origins of illegal funds.

🚨🚨🚨$1 billion Coinbase crypto move could be 'giant buy signal' On Thursday, $1.3 billion of the stablecoin USDC was transferred to America's largest crypto exchange, Coinbase, in five separate transactions, ranging from $150 million to $350 million each — seen as a potential “buy” signal for the world’s largest cryptocurrencies, bitcoin and ether. Crypto analysts say that these transfers by so-called crypto whales, or investors who hold significant cryptocurrency holdings and can influence markets, might yield a “big impact.” “If this is indeed a whale buying and at current prices, then yes, it can have a big impact on the price of the asset they are buying, which at that level is almost certainly only bitcoin and ethereum,” analyst Lark Davis told

🚨🚨🚨: 🇺🇸 FBI warns Americans against using non-KYC #Bitcoin and crypto money transmitting services.

Michael Saylor's MicroStrategy currently has a $6.2 billion unrealized profit on its Bitcoin investment.