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In brief Basis Markets raised $28M in late 2021, then shut down months later without refunds. The SFO arrested two men in raids across London and West Yorkshire. Victims are urged to come forward as the case tests the UK’s crypto enforcement. British prosecutors are investigating a failed crypto project that raised tens of millions from retail investors before shutting down.The U.K. Serious Fraud Office said Thursday it arrested two men as part of an inquiry into Basis Markets, a collapsed crypto hedge fund that allegedly defrauded backers out of $28 million.The office executed search warrants in Herne Hill and…

Unnamed staffer stole $724,620, says bank.Bank will write off most of the losses.Police set to investigate.A loans manager at the South Korean financial institution Kwangju Bank embezzled $724,620 from the bank and spent it on crypto investments.The lender says the unnamed manager stole the money between May and November 2023, but only realised the funds were gone in the second half of this year, wrote KBC News.“We discovered this embezzlement case during a recent review of project financing loan interest history data,” a Kwangju Bank spokesperson said. “We will decide on the level of disciplinary action we will take once…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin Core, the reference implementation that underpins the majority of the BTC network, has undergone what Brink describes as the first-ever public, third-party security audit of its codebase. The assessment was carried out by security firm Quarkslab, coordinated by the Open Source Technology Improvement Fund (OSTIF) and funded by Brink with support from its donors. Bitcoin Core Undergoes Historic Security Audit Announcing the results, Mike Schmidt, co-founder and executive director of Brink, said the audit largely confirms the community’s long-held view of the project’s engineering standards. In…

Caroline Bishop Nov 20, 2025 07:04 Bitcoin Cash trades at $497.60 with minimal 24-hour movement as technical indicators suggest consolidation near critical support levels amid sideways crypto market action. Quick Take • BCH trading at $497.60 (up 0.02% in 24h) • No significant catalysts driving price action in past 48 hours • Testing support near $493.83 pivot point with neutral RSI • Following broader crypto market’s sideways trend Market Events Driving Bitcoin Cash Price Movement Trading on technical factors in absence of major catalysts, Bitcoin Cash has maintained a relatively narrow range over the past 24 hours. No significant news…

FG Nexus sold $32.7 million in Ethereum to fund share buybacks after its stock fell 94% in four months, highlighting the deepening net asset value (NAV) crisis among digital asset treasury companies. The sale follows ETHZilla’s $40 million ETH offload in October, underlining mounting pressures throughout a sector managing over $42.7 billion in cryptocurrency assets. This wave of forced selling underscores vulnerabilities in the corporate crypto treasury model, as companies wrestle with stocks trading below the value of their underlying asset holdings.Sponsored SponsoredTreasury Companies Resort to Asset Sales Amid Stock CollapseFG Nexus disclosed selling 10,922 ETH in October to support…

Investment bank Jefferies said the recent surge in gold prices can’t be explained by traditional drivers alone and points instead to Tether as a major new buyer. Attestation data and on-chain activity show that the stablecoin issuer has accumulated substantial bullion in recent months, tightening supply and helping fuel the sharp rally, the bank said in the Thursday report.The precious metal has risen more than 50% this year and is currently trading around $4,080 per ounce.Jefferies first flagged Tether’s interest after the company met with miners and royalty firms in Denver last fall, with investors telling the bank Tether aimed…

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price slumped 10% over the last week and a fraction of a percent in the past 24 hours to trade at $94,986 as of 2:37 a.m. EST on trading volume that soared 59% to $78.2 billion. This comes as Michael Saylor hinted at another Bitcoin purchase from Strategy (MSTR) this week. Saylor posted on X with the words “Big Week” and a portfolio chart, which usually indicates a plan to buy more BTC. In the post, Saylor included a chart showing that Strategy now has…

With the crypto market facing a decline, very few coins have managed to leave a mark on the investors this week. Meme coins were surprisingly among some of the better-performing crypto tokens.BeInCrypto has analysed three such meme coins that the investors should watch, considering their recent performance.Sponsored SponsoredBanana For Scale (BANANAS31)BANANAS31 has become one of the week’s strongest-performing meme coins, gaining more than 75% in seven days. The token now trades at $0.004773, reflecting rising demand and renewed attention from traders.The uptrend may continue as the Chaikin Money Flow shows a clear uptick. This signals increasing capital inflows and growing…

The new money market fund aims to improve oversight and smooth operations for stablecoin issuers.The Bank of NY Mellon Corporation’s (BNY) new money market fund, which launched last Thursday, Nov. 13, may provide greater safety for stablecoin reserves but does not eliminate all operational and structural risks, experts say.The fund, called the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), is designed to hold reserves for stablecoins issued under the GENIUS Act, with Anchorage Digital providing the initial investment. While it does not invest in stablecoins itself, the fund offers a regulated place for issuers to park their cash.The move reflects a…

The US Bitcoin exchange-traded funds (ETFs) keep flowing out as the crypto Fear and Greed Index dropped to 11, reflecting extreme fear.Retail investors have stayed out of the market during this downturn, while data shows that whales are the primary buyers amid the selloff.Sponsored SponsoredETF Outflows and Retail Absence Signal Market ShiftUS Bitcoin spot ETFs have experienced persistent capital flight, with holdings declining from 441,000 BTC on October 10 to about 271,000 BTC by mid-November. This marks a sharp reversal from institutional support earlier this year.According to Farside Investors data, Bitcoin ETFs have now logged four consecutive days of outflows,…