Bitcoin above $71,000, ETH, SOL, ADA zoom higher as cryptos shrugs off stock weakness

Bitcoin BTC$70,638.52 held firm near $71,000 on Friday, extending a quiet stretch of consolidation that has kept the crypto market largely unmoved by turbulence in global equities. BTC traded around $71,300 in early trading, up roughly 2.6% over the past 24 hours and slightly higher on the week. Ether (ETH) changed hands near $2,117, gaining…

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U.S. sanctions network that allegedly laundered $800 million in crypto for North Korea

The U.S. Treasury Department imposed sanctions on six individuals and two companies it says helped North Korea convert $800 million in 2024 into crypto to launder the money and fund its weapons of mass destruction (WMD) programs. The Treasury’s Office of Foreign Assets Control (OFAC) said Thursday that the operation placed IT workers into foreign…

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Bitcoin can survive 72% of the world’s submarine cables being cut, but a targeted attack on five hosting providers could cripple it

Bitcoin’s network has been running nonstop since 2009. The question nobody had rigorously answered until now is what it would actually take to break it. Researchers at the Cambridge Centre for Alternative Finance last week published the first longitudinal study of Bitcoin blockchain’s resilience to physical infrastructure disruption, analyzing 11 years of peer-to-peer network data…

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Stanley Druckenmiller says stablecoins could power global payments in 10–15 years

Billionaire investor Stanley Druckenmiller said stablecoins could underpin global payment systems within the next decade or two while reiterating his long-standing skepticism toward much of the broader cryptocurrency market. “I assume our whole payment systems will be stablecoins in 10 or 15 years,” he said in an interview Morgan Stanley posted on Thursday. The fiat-pegged…

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