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Bitcoin ATMs Face Regulatory Reckoning After $330 Million in US Scam Losses
Yahoo Finance· 2026-01-03 18:30
Core Insights - The US Bitcoin ATM network is facing significant regulatory scrutiny due to its role in facilitating financial fraud, with Americans losing over $333 million in scams linked to these machines in 2025 [1][2]. Regulatory Response - The FBI reported over 12,000 complaints related to Bitcoin ATMs from January to November 2025, indicating a troubling trend as fraud cases nearly doubled compared to the previous year [2]. - Regulators are now viewing the network of approximately 31,000 kiosks as a systemic risk, rather than merely a consumer education issue, due to the ease with which scammers exploit these machines [3]. Mechanism of Fraud - Scammers direct victims to deposit cash into Bitcoin ATMs, which converts the cash to Bitcoin, making the transfer irreversible and bypassing traditional banking chargeback protections [4]. - The financial impact of these scams is particularly severe among older individuals, who are often targeted by various scam tactics [5]. Public Guidance and Education - In response to the rise in fraud, US agencies like the Department of Financial Protection and Innovation (DFPI) have enhanced public guidance, issuing frameworks to help individuals protect themselves from Bitcoin ATM scams [5][6]. - The DFPI has emphasized that no legitimate organization would request cash deposits into a crypto ATM, marking such requests as scams [6]. Shift in Policy - Policymakers are moving towards stricter regulations rather than relying solely on consumer education, with countries like Australia implementing legislation to limit daily transactions and control the proliferation of Bitcoin ATMs [6][7]. - Industry analysts believe that these regulatory measures are essential to curbing the increasing trend of Bitcoin ATM fraud [7].
500 Million XRP Removed From Supply Until 2028 – How Will This Affect Price?
Yahoo Finance· 2026-01-03 17:34
Core Insights - XRP price has recovered significantly, surpassing the $2 mark, driven by improved market sentiment and increased investor interest following a period of consolidation [1] - The ability of XRP to reclaim the $2 level has allowed it to briefly surpass BNB in market capitalization rankings, indicating a resurgence in demand [1] Market Dynamics - Over 500 million XRP have been transferred into an escrow mechanism, effectively removing over $1 billion worth of XRP from circulation until 2028, which alters market conditions by limiting liquidity [3] - The escrow-based supply locks are expected to have a stronger price impact when demand remains stable, benefiting from ongoing institutional and enterprise interest [4] Investor Behavior - Recent accumulation of XRP marks a reversal from a month of selling pressure, with long-term holders showing renewed confidence in XRP's potential for sustained upside rather than a short-term spike [5] - Increased activity from older wallets provides structural support during price rallies, as these holders tend to sell less aggressively during pullbacks, reducing downside volatility [5][6] Price Analysis - XRP price has increased by 6.7% in the last 24 hours, trading near $2.00, which is a psychological milestone that requires confirmation to sustain bullish momentum [7] - Immediate resistance is identified at $2.03, and a decisive move above this level, followed by consolidation, would confirm a bullish continuation pattern [7]
Grant Cardone Compares Bitcoin To Printing Press, Telephone, Internet, Says It Advances Money
Yahoo Finance· 2026-01-03 15:45
Core Insights - Grant Cardone positions Bitcoin as a transformative innovation comparable to historical advancements like the printing press and the internet, suggesting it will take time for widespread adoption [1][2] - Bitcoin's price has experienced volatility, reaching a peak of $126,000 in 2025 before dropping to around $88,000, reflecting an 11% decline this year due to market uncertainties [2] - Cardone has launched several funds that integrate Bitcoin with real estate, aiming to leverage Bitcoin's volatility and liquidity for real estate investors [3] Fund Launches - Cardone has initiated three Bitcoin and real estate funds: the 10X Space Coast Bitcoin Fund, the 10X Miami River Fund, and the 10X Boca Raton Bitcoin Fund, with plans for a total of ten funds [4][5] - The 10X Space Coast Bitcoin Fund combines 300 apartment units with $15 million in Bitcoin, while the 10X Miami River Fund merges 346 apartments with $300 million in Bitcoin [5] - The upcoming 10X Boca Raton Bitcoin Fund aims to integrate $100 million with 366 apartment units [6] Investment Strategy - Cardone continues to accumulate Bitcoin during its price fluctuations, viewing the current market conditions as an opportunity to acquire the asset at lower prices [6]
Top US Crypto Bills To Watch in 2026: Market Structure, Stablecoins & More
Yahoo Finance· 2026-01-03 10:02
Core Insights - 2026 is expected to be a pivotal year for the U.S. cryptocurrency ecosystem, with lawmakers moving towards defining cryptocurrency regulations [1][6] - A new wave of crypto bills, including the CLARITY Act, aims to provide clarity on market structure, stablecoins, and taxation, potentially enhancing institutional adoption [2][6] Legislative Developments - The GENIUS Act was passed in July 2025, setting the stage for subsequent high-impact laws that could solidify the U.S. as a leader in digital assets [2] - The CLARITY Act, which passed the House in July 2025 with bipartisan support, seeks to resolve jurisdictional disputes between the SEC and CFTC [3][5] - The Senate delayed action on the CLARITY Act in late 2025, but hearings and markups are expected in January 2026, with a 50-60% chance of passage before the November 2026 midterms [4] Regulatory Clarity and Impact - If enacted, the CLARITY Act could significantly boost institutional participation by providing the necessary regulatory clarity for banks, exchanges, and investment funds [5][6] - Key provisions of the CLARITY Act include classifying Bitcoin (BTC) and Ethereum (ETH) as commodities under CFTC regulation, while securities-like assets remain under SEC oversight [5][7] - The legislation aims to establish registration requirements for digital commodity exchanges, brokers, and dealers, and provide clearer rules for decentralized finance (DeFi) activities and tokenized assets [7]
Bitmine (BMNR) Soars 15%, Mimics ETH Jump
Yahoo Finance· 2026-01-03 06:28
We recently published 10 Stocks Powering Into 2026 With Explosive Gains. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of the top performers on Friday. Bitmine Immersion snapped two days of losses on Friday, surging 14.88 percent to finish at $31.19 apiece as investors took heart from higher Ethereum prices during the session, while digesting the company's calls to approve a plan to raise its authorized capital stock to 50 billion. As of writing, prices of Ethereum were up by 4.09 perce ...
Top 10 crypto fundraising rounds in 2025 — and what they mean for 2026
Yahoo Finance· 2026-01-03 06:00
Fundraising by crypto businesses reached over $25 billion in 2025, shattering analysts’ expectations that companies would raise just north of $18 billion. The top 10 raises alone brought in over $10 billion, DefiLlama data shows. Leading investors this year include not only tech-centric firms like Paradigm and Sequoia Capital, but also white-shoe stalwarts BlackRock, JP Morgan, and Goldman Sachs. The blockbuster deals underscore the convergence between crypto and traditional financial institutions, acc ...
Who's Going Public Next? Kalshi Bets Drop US IPO Clues Before 2027— And It's Not Just SpaceX Or OpenAI - NVIDIA (NASDAQ:NVDA)
Benzinga· 2026-01-03 04:55
Core Insights - Investor confidence has been tested over the past year due to policy changes and a government shutdown, but sentiment is shifting positively as of 2026, driven by enthusiasm for artificial intelligence (AI) [1] IPO Predictions - Kraken has an 83% chance of going public before 2027, having already filed confidentially for a U.S. IPO, contributing to a trend among digital asset companies preparing for the U.S. equity markets ahead of the 2026 midterms [3] - Cerebras Systems, an AI chipmaker, has a 77% probability of announcing an IPO before next year, with plans to re-file after previously withdrawing its IPO paperwork [4] - Databricks, an AI software company, has a 70% chance of going public before 2027, having raised over $4 billion at a valuation of $134 billion [5] - Discord also has a 70% probability of announcing an IPO before 2027, with a last valuation around $15 billion [5] - Fintech firm Plaid has a 49% chance of going public, while defense tech company Anduril and apparel brand Skims both have a 46% likelihood [6]
Why Dogecoin Is Rocketing Higher to Start 2026, Up More than 10% Today
Yahoo Finance· 2026-01-02 21:56
Key Points Dogecoin is among the biggest winners in today's green market in the digital assets space. This move has been driven in part by improving sentiment and favorable macro conditions. However, there are some token-specific catalysts worth diving into for investors in this meme coin. 10 stocks we like better than Dogecoin › As of 4:00 p.m. ET on Friday, Dogecoin (CRYPTO: DOGE) is the leading top-10 cryptocurrency by market capitalization, surging 10.9% over the past 24 hours. This move coi ...
Grayscale Predicts Bitcoin Will Reach New All-Time High by March 2026
Yahoo Finance· 2026-01-02 21:30
Bitcoin uptober. Photo by BeInCrypto Expectations for crypto performance in 2026 are high, driven by rising demand for alternative stores of value and regulatory clarity. According to Grayscale Head of Research Zach Pandl, a more supportive regulatory environment will strengthen the crypto sector. At the same time, weakening fiat currencies will further boost demand. Together, these conditions could push Bitcoin’s price to new all-time highs. Market Structure Bill to Accelerate Token Issuance Crypto has ...
Crypto Platforms Split As Solana, Ethereum Claim Verticals
Etftrends· 2026-01-02 19:29
Core Insights - The competition among crypto platforms is evolving, with different networks establishing dominance in specialized areas rather than one blockchain prevailing overall [1][2] - Investors are encouraged to consider a diversified approach to blockchain exposure, as multiple platforms can coexist and thrive in distinct use cases [2] Ethereum's Institutional Role - Ethereum is solidifying its position as the infrastructure for institutional finance, evidenced by BlackRock's tokenized fund exceeding $550 million and J.P. Morgan's pilot of tokenized deposits on Ethereum's Layer-2 network [3] - The network has processed approximately $40 billion in lending activity through AAVE, ranking it among the top 50 U.S. banks by this metric [4] - Ethereum's Layer-2 throughput has significantly increased from 200 transactions per second a year ago to nearly 4,800 today, showcasing its scalability [4] Solana's Consumer Market - Solana has emerged as a leader in the retail and high-frequency application market, with stablecoin supply increasing from $1.8 billion to $12 billion in 2025, marking a 567% growth [5] - PayPal's PYUSD stablecoin now primarily operates on Solana, highlighting the network's advantages in speed and efficiency for consumer applications [6] Investment Strategy and Fund Structure - CoinShares' Altcoins ETF (DIME) reflects the strategy of diversifying across various Layer-1 blockchains, including Solana, Sui, Aptos, and Avalanche, to capture growth across different verticals [2][7][8] - DIME's portfolio allocates approximately 8.8% of its assets to Solana, emphasizing the importance of basket exposure rather than concentrated investments [7]