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Bitmine purchased another $69 million of ETH, with Tom DeMark expecting price uptrend to soon resume

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Bitmine buys 26K ether (ETH) after Tom Lee said to slow down accumulation


At the latest purchase pace, Tom Lee’s Ethereum treasury firm could reach its crypto accumulation goal in another seven weeks.

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CRO Rockets as Robinhood Takes Stakes in Crypto.com and OG.com

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Robinhood is expanding its push into prediction markets through a new multi-year partnership with OG-com, the recently spun-off trading platform from Crypto.com.

Under the agreement, announced minutes ago, Vlad Tenev’s company will route retail event-contract volume through OG.com’s CFTC-regulated derivatives exchange and clearing infrastructure. The rollout begins on September 8 for eligible US customers.

The joint statement reads that this will be OG.com’s largest business-to-business prediction-markets partnership by transaction volume.

Additionally, Robinhood will receive equity stakes in both OG.com and Crypto.com as part of the deal. The stakes will be priced in line with Citadel Securities’ recent investment in Crypto.com Group, which valued the broader entity at $20 billion. OG.com’s valuation was set at $5 billion following the spin-off.

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“This is the beginning of a strategic partnership between both companies,” said Kris Marszalek, Founder and CEO of Crypto.com and OG.com. “We’re looking forward to making OG.com the most liquid venue globally for innovative derivative instruments, starting with prediction markets and quickly expanding into futures and perpetuals.”

In reaction to the news going live, the native token of the broader Crypto.com ecosystem, CRO, rocketed from $0.057 to a weekly peak at $0.063. Although it was stopped there, it still sits well above $0.06.

The asset took a major hit a month ago when Trump Media Group, the entity behind Truth Social, canceled two of its deals with Crypto.com, including establishing a company accumulating CRO as a strategic asset. At the time, the token slumped to a three-year low of under $0.045.

The post CRO Rockets as Robinhood Takes Stakes in Crypto.com and OG.com appeared first on CryptoPotato.

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XRP eyes breakout above $1.42 as traders increase long exposure

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XRP eyes breakout above $1.42 as traders increase long exposure

Key takeaways

  • XRP is approaching $1.40 after defending short-term support at $1.38.
  • Futures open interest edged up to 2.24 billion XRP, indicating a modest increase in derivatives exposure.
  • The open-interest-weighted funding rate remains positive at 0.01%, showing that bullish traders are paying to maintain long positions.
  • A daily close above $1.42 could open the path toward $1.50 and $1.70.

Ripple’s XRP is down 1% on Tuesday, approaching the psychologically important $1.40 level after buyers defended support at $1.38.

The recovery follows an unsuccessful attempt to break through selling pressure around $1.50 last week. 

Holding above $1.40 would strengthen XRP’s short-term outlook, while another rejection could increase the risk of profit-taking and investor exhaustion.

Derivatives metrics remain broadly constructive, with futures open interest edging higher and funding rates staying positive. 

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However, technical indicators show that bullish momentum has moderated, making the $1.42 resistance level critical to XRP’s next move.

XRP futures Open Interest edges higher

XRP’s derivatives market showed signs of stabilizing on Tuesday. Perpetual futures open interest increased marginally to 2.24 billion XRP, up from 2.23 billion XRP the previous day and 2.2 billion XRP on Sunday, according to CoinGlass.

Open interest measures the total number of unsettled futures contracts. A sustained increase alongside rising prices can indicate that traders are committing fresh capital to bullish positions.

However, current exposure remains below the 2.78 billion XRP recorded on August 15. This suggests that leverage has not fully recovered from its recent decline.

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If retail traders continue increasing their exposure, the additional demand could support a sustained move above $1.40. Conversely, a decline in open interest would indicate weakening conviction and could leave XRP vulnerable to another pullback.

The open-interest-weighted funding rate held in positive territory at approximately 0.01%.

CoinGlass data shows that the rate has remained near this level since August 28. Positive funding means long-position holders are paying traders with short exposure, typically reflecting stronger demand for bullish bets.

The reading indicates that traders remain willing to pay a premium to maintain long positions despite XRP’s recent consolidation.

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Nevertheless, positive funding does not guarantee further gains. If bullish positioning becomes overcrowded while XRP struggles to clear resistance, a sudden decline could trigger long liquidations and accelerate selling pressure.

Risk appetite across the broader cryptocurrency market also remains supportive. The Crypto Fear and Greed Index registered 69 on Tuesday, placing market sentiment within the “Greed” category. The reading was slightly below Monday’s level of 71.

Elevated optimism can encourage traders to increase exposure to assets such as XRP. However, a high reading may also indicate that the market is becoming vulnerable to profit-taking, particularly if prices fail to extend their gains.

Maintaining the current sentiment would support bullish positioning, while a sharp decline in the index could weaken demand for XRP and other major altcoins.

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XRP must break $1.42 to target $1.50

XRP traded near $1.40 after rebounding from $1.38 support. The token remains above its major exponential moving averages, preserving its broader bullish structure.

Initial resistance sits near $1.42, where a descending trendline is limiting the recovery. A daily close above this barrier would confirm a short-term breakout and bring the recent high around $1.50 back into focus.

Clearing $1.50 could allow bulls to target the next major resistance level at $1.70.

The Relative Strength Index stands near 59, above its neutral midpoint of 50. This shows that buyers retain an advantage, although momentum is no longer as strong as it was during the earlier rally.

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The Moving Average Convergence Divergence indicator has slipped modestly into negative territory. The signal points to fading upside momentum but does not yet indicate a decisive bearish reversal.

If XRP fails to break $1.42, the 200-day EMA near $1.36 represents the first major line of support.

XRP/USD 4H Chart

A daily close below that level could increase selling pressure and expose the 50-day EMA around $1.26. The 100-day EMA provides deeper support near $1.24.

These moving averages form a broad demand zone that could attract buyers during a more significant correction. As long as XRP remains above the cluster, its wider bullish structure should remain intact.

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The immediate outlook rests on whether buyers can convert $1.40 into support and secure a daily close above $1.42. Success would favor a renewed advance toward $1.50 and potentially $1.70, while another rejection could send XRP back toward $1.38 and the 200-day EMA.

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Mamdani Expected to Announce Release of 9/11-Related Documents

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Mamdani Expected to Announce Release of 9/11-Related Documents

What do we know about the content of the documents? 

The documents the Times obtained reportedly included records related to 15 John Street, near the collapsed World Trade Center, which purportedly detected asbestos—at times exceeding acceptable limits—about a year after the attack.

Among the pages was also an audit from November 2001, submitted to the federal Environmental Protection Agency, which reportedly showed high concentrations of benzene, a cancer-causing substance, in the air near the towers.

The Centers for Disease Control and Prevention (CDC) has said that exposure to these contaminants increases the risk of developing health conditions, such as illnesses concerning the airways and digestive systems. The CDC added that after the attacks, around 400,000 people were exposed to these contaminants and other factors that increased their risk for such conditions.

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Visa expands data offering for blockchain lenders

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Visa doubles down on stablecoin-linked cards with new onchain lending push
Visa doubles down on stablecoin-linked cards with new onchain lending push

Visa said Tuesday morning it will make more data available to companies lending on the blockchain as stablecoin-linked cards are met with strong demand.

The payments giant will pair its settlement data with onchain lending infrastructure, giving lenders greater insight into the financial performance of digital asset-focused fintech firms and card issuers. The program aims to speed up borrowing for these businesses as they grow rapidly.

Visa currently operates more than 160 stablecoin-linked card programs for issuers and program managers, a nearly 200% increase year over year as more crypto businesses launch cards for customers.

“Stablecoin-linked cards are in hypergrowth mode,” Cuy Sheffield, head of crypto at Visa, told CNBC in an exclusive interview. He said there are new issuers, including stablecoin neobanks and fintech firms, joining the network and launching cards every week.

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To meet the demand surge and need for capital, the company is establishing partnerships to allow new issuers access to financing programs through smart contracts and onchain credit, Sheffield said.

“We’ve been running a pilot with a company called Credit Coop that is enabling a credit facility for stablecoin-linked card providers, which we think is a positive step forward for how onchain credit can start to come into our network,” Sheffield said.

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Credit Coop says it has processed $2.7 billion in total volume on its platform through smart contracts and no borrower has ever defaulted.

Over the past six years, nearly $700 billion in stablecoin-denominated loans have been sent through onchain lending protocols, according to Visa. The company said much of that activity remains concentrated within crypto markets, but this new offering can help lenders better understand how a business is operating, which could simplify the process of evaluating financing opportunities.

Last year’s passage of the GENIUS Act established U.S. stablecoin regulation and turbocharged adoption of the technology. Sheffield called the legislation a “huge” turning point.

“We’re seeing banks, we’re seeing some of the largest payment companies in the world that are coming to us that want to be able to engage and work with Visa, leveraging stablecoins within our existing products or build new products together with them,” he said.

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Visa in July launched its stablecoin platform, which allows for settlements, expands stablecoin-linked card programs and aims to help financial institutions access new digital asset capabilities. With that, the payments giant joined traditional competitors like Mastercard, which is also investing heavily in stablecoins and has its own platform. PayPal and Circle also operate their own stablecoin platforms.

Visa shares have gained roughly 7% this year.

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How Curve's soft liquidation model lets borrowers survive market drawdowns

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How Curve's soft liquidation model lets borrowers survive market drawdowns


Data tracked by lending platform Curve data tracked 704 soft-liquidation instances lasting a median 14.5 days, showing how some DeFi loans can survive for weeks after entering the ‘danger zone.’

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BeInCrypto Partners with Opera to Expand Access to Digital Finance News

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BeInCrypto Partners with Opera to Expand Access to Digital Finance News

BeInCrypto is partnering with Opera to bring selected articles into Opera’s AI-driven content ecosystem, placing our reporting in front of a global user base of more than 296 million monthly active users. Through Opera’s recommendation cards, our news stories will appear on Opera’s homepage and within Opera’s articles.

The way we find news has changed radically. Readers no longer rely on direct visits to a homepage to get the latest updates. Discovery has shifted to real-time feeds, browser integrations, social video and recommendations. Integrating into Opera’s AI-driven content ecosystem is how we meet that shift, bringing digital finance reporting to audiences through content recommendations.

In April this year, we upgraded our homepage and article experience to better support how readers discover and consume content, including new video and social features. 

This upgrade came as a response to accelerating global data: according to the Reuters Institute’s Digital News Report (June 2026), video news consumption has climbed from 67% in 2020 to 77% today, with social video specifically rising from 52% to 69% over the same period. Social media and video networks have also overtaken news organizations’ own websites and apps as the world’s most-used news source for the first time (54% vs. 51%).

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Since then, discovery has continued moving beyond publishers’ own websites and into feeds, recommendations and other platforms.

“Since we overhauled our homepage infrastructure in April, the shift from active searching to algorithmic, seamless news discovery has only accelerated,” says Vlada Morhunova, Product Manager at BeInCrypto. “Audiences expect relevant financial insights to find them natively within their daily digital habits. Our integration with Opera is the logical next step in that evolution, moving our journalism beyond our own domain and straight into the user’s workflow.” 

Readers can now access the latest news by visiting beincrypto.com and opera.com

BeInCrypto is part of the BeInNews Academy Ltd, an independent media group covering the convergence of finance and digital assets. We help professionals act with confidence in a complex and fast-changing industry through our newsroom, research reports, events, expert network and multimedia studio.

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The post BeInCrypto Partners with Opera to Expand Access to Digital Finance News appeared first on BeInCrypto.

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XLM defends major moving averages as buying pressure builds

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XLM defends major moving averages as buying pressure builds

Key takeaways

  • XLM remains above important moving-average support zones, preserving its broader bullish structures.
  • Its long-to-short ratios rose to 1.15, approaching one-month highs.
  • XLM faces immediate resistance at $0.20, followed by targets at $0.218 and $0.237.

Stellar’s XLM is trading above important support zones on Tuesday, maintaining the possibility of further gains despite mixed momentum signals.

Derivatives data also showed an increasingly bullish tilt toward the cryptocurrency. Positive funding rates and rising long-to-short ratios indicate that more traders are positioning for an upward price move.

Derivatives traders increase long positions

CoinGlass data showed that the long-to-short ratio for XLM stood at 1.15 on Tuesday, approaching its highest level in a month.

A ratio above one means that more traders hold long positions than short positions. The latest increase therefore suggests that derivatives market participants expect XLM prices to rise.

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Funding rates provide further evidence of bullish positioning. XLM’s rate became positive on September 2 and subsequently climbed to 0.0147%.

Positive funding means traders holding long positions are paying those with short exposure to maintain market balance. 

While this generally reflects bullish sentiment, an excessively high rate can eventually increase the risk of long liquidations if prices suddenly decline.

Current readings support a constructive outlook without necessarily indicating that positioning has reached extreme levels.

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XLM recovery extends above EMA support

XLM traded around $0.193 on Tuesday after climbing above its major exponential moving averages.

The 50-day, 100-day and 200-day EMAs are concentrated between approximately $0.179 and $0.188. This cluster now forms a potential demand zone that could attract buyers during short-term pullbacks.

XLM’s RSI stands near 60, keeping the indicator within bullish territory without showing overbought conditions.

The MACD also maintains a mildly positive reading, with its main line above the signal line and the histogram remaining above zero. The setup suggests that upward momentum remains constructive, although buyers have not yet established a decisive breakout.

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XLM faces its first significant resistance at the 61.8% Fibonacci retracement level near $0.200.

A sustained break above that psychological and technical barrier could allow the price to challenge the 50% retracement at approximately $0.218. The next resistance sits at the 38.2% Fibonacci level near $0.237.

Clearing those barriers could open a path toward the descending trendline and the 23.6% Fibonacci retracement around $0.260.

On the downside, the 200-day EMA at $0.188 offers immediate support. The 100-day and 50-day EMAs provide additional protection near $0.180 and $0.179, respectively.

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XLM/USD 4H Chart

If sellers push XLM below this moving-average cluster, the horizontal support at $0.177 and the 78.6% Fibonacci retracement at $0.173 would come into focus.

Buyers would need to defend this area to maintain the broader recovery. A decisive breakdown could expose deeper support levels at $0.142 and $0.139.

Overall, derivatives positioning and technical support favor further gains for XRP and XLM. However, confirmation will require XRP to overcome $1.90 and XLM to secure a sustained breakout above $0.20.

 

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Explore SHR miner cloud mining and earn $4,777

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A simple guide to Dogecoin mining: Explore SHR miner cloud mining and earn $4,777 - 2

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

Dogecoin (DOGE) started out as a joke; its creators originally intended for users to tip each other for entertaining social media content. Despite its playful origins, Dogecoin has since become one of the most popular cryptocurrencies.

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Summary

  • SHR Miner offers cloud mining contracts that let Dogecoin users access mining rewards without purchasing or maintaining their own equipment.
  • Contract plans range from 1 to 50 days, with different prices, estimated daily profits and total returns depending on the selected package.
  • New users are offered a $15 registration bonus and a free hash power contract that the platform says provides a daily reward of $0.60.
  • Mining activity, contract status, rewards and withdrawals can be managed through SHR Miner’s web based dashboard.

Like other cryptocurrencies, Dogecoin (DOGE) can be mined using cloud platforms. Cloud mining is an attractive option if you wish to avoid technical hassles, bypass initial hardware investments, or escape high electricity costs. Essentially, cloud mining involves outsourcing the entire mining process to a third party; as a leading global cloud mining service provider, SHR Miner enables Dogecoin enthusiasts to participate in mining rewards with a zero-barrier entry by leasing computing power from industrial-grade mining rigs.

A simple guide to Dogecoin mining: Explore SHR miner cloud mining and earn $4,777 - 2

How to earn profits mining Dogecoin with SHR miner

There are several benefits to mining Dogecoin rather than other cryptocurrencies. First, transaction speeds on the Dogecoin blockchain are fast, which means Dogecoin mining pools typically pay out earnings every 24 hours.

In addition to offering quick withdrawals, Dogecoin can generate a steady income for you. Consequently, Dogecoin mining is efficient, profitable, and holds great promise. Furthermore, there are numerous markets where you can sell your Dogecoin, making it well worth considering as a source of daily income.

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Earn Dogecoin rewards with SHR Miner, get started in just three steps:

1. Register an account

Upon creating an account, you will receive a $15 new-user bonus and earn a daily reward of $0.60 through a free hashing power contract. (Click here to register)

2. Select a contract plan

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Choose a short-term or long-term cloud mining contract based on your budget and requirements, with contract durations ranging from 1 to 50 days.

3. Start earning rewards

Once the contract is activated, users can view daily rewards via the dashboard and select a supported cryptocurrency for withdrawal.

Examples of popular cloud mining contracts

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Contract Name Price Profit Days Principal + Total Return
New User Experience Agreement $100 $4 2 $100+$8
Bitdeer Sealminer A2 Pro $500 $6.25 5 $500.00 + $31.25
Litecoin Miner L9 $1000.00 $13.00 10 $1000.00 + $130
Bitcoin Miner S21 XP Imm $5000.00 $70.50 25 $5000.00 + $1762.5
Bitcoin Miner S21e XP Hyd $10000.00 $151.00 35 $10000.00 + $5285
ANTSPACE HK3 $30000.00 $513.00 40 $30000.00 + $20520

SHR Miner offers a variety of cloud mining contracts to meet the diverse needs of users regarding budgets, durations, and target returns. Whether users prefer short-term flexibility or are focused on long-term returns, they can select the plan that best suits their individual circumstances.

For details on specific contract prices, terms, and estimated rewards, click here to view all contract plans.

Why choose SHR miner?

Compliant UK Operations: We hold the necessary operational licenses, prioritize business transparency and regulatory compliance, and charge no hidden fees.

24/7 Technical Support: Our systems run continuously, backed by a professional team providing round-the-clock customer support.

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No Complex Setup Required: The platform handles all aspects of mining rig deployment and hash rate allocation.

Real-Time Information Access: Users can view contract status, mining progress, and daily rewards via the web-based dashboard.

Genuine Hash Rate: Users receive hash power corresponding to their chosen contract, without the risks associated with third-party equipment maintenance.

One-Stop Management: Mining, reward tracking, withdrawals, and contract renewals can all be managed on a single platform.

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As the market sees a return to favorable price levels, cloud mining offers cryptocurrency holders a new way to participate in the digital asset ecosystem, while eliminating the complexities of deploying and maintaining mining hardware themselves.

In short

Cloud mining is an excellent choice for those seeking ways to generate passive income. If used properly, these opportunities can easily accumulate cryptocurrency wealth in “autopilot” mode, requiring only a minimal investment of time. At the very least, they are far less time-consuming than any form of active trading. Passive income is the ultimate goal for every investor and trader, and with SHRMiner, maximizing your passive income potential is easier than ever.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Ethereum News: Frame Transactions Join Ethereum’s 2027 Upgrade Roadmap

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In Ethereum news, EIP-8141 could let apps sponsor ETH gas payments in stablecoins, while network fees would still be paid in ETH

In Ethereum news today, a wallet can hold stablecoins but still can’t move them because Ethereum charges transaction fees in ETH. Without enough Ethereum to cover the fee, the wallet cannot submit the transaction.

Ethereum developers have scheduled a proposed fix for the 2027 Hegotá upgrade, although the design would not change the fact that the network will continue to charge fees in ETH.

ETH USD is trading just under $2,500, at $2,480, down -0.9% over the past 24 hours, although it is still clinging to modest gains of +0.3% in the past week. Daily trading volume sits at $10.8M, up from $9M yesterday.

Ethereum News Today: 2027 Upgrade Timeline

Core developers moved EIP-8141, known as Frame Transactions, to Scheduled for Inclusion during their Aug. 27 All Core Developers Execution call. The change gives the proposal a formal place in the planned Hegotá upgrade rather than leaving it only under consideration.

Hegotá is planned for 2027 and follows Glamsterdam, Ethereum’s next network upgrade. Ethereum groups protocol changes into codenamed upgrades, and Frame Transactions is now among the changes planned for Hegotá.

That status does not mean Frames is complete. The specification remains a draft; technical details can still change before deployment, and Frame Transactions cannot be used on Ethereum mainnet today. Implementation and testing work remain part of the path toward Hegotá’s planned deployment.

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Why Frame Transactions Matter for Gas Payments

EIP-8141 addresses wallets holding stablecoins or tokens that can’t be transferred without ETH for gas fees. The proposal introduces “Frames,” which separate authorization, fee payment, and execution.

This lets a payments application cover the ETH fee or handle Ethereum payments on the user’s behalf, so the sender and fee payer don’t have to be the same. Validators would still receive fees in Ethereum, but this change allows users to transact without having to acquire ETH directly.

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Some wallet systems already support sponsored transactions, and Frames aim to incorporate this functionality into Ethereum’s regular transaction flow. The proposal has ten authors, including Vitalik Buterin, who recently highlighted the updated EIP text.

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How EIP-8141 Would Work

In other Ethereum news, the proposal breaks down transactions into separate frames. One frame confirms user authorization, another handles fee payments, and subsequent frames execute the operations.

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This allows the account sending funds to differ from the account paying the fees. Actions can be grouped, so if a trade fails, the related approval can be reversed in the same transaction.

Additionally, this approach allows accounts to set their own validation rules, enabling key rotation or different signature schemes without needing a new address.

It also opens the door for accounts to adopt quantum-resistant cryptography, effectively introducing account abstraction elements into Ethereum’s standard transaction framework without necessitating asset migration.

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Ethereum News: The Upgrade Does Not Remove ETH From the System

In Ethereum news, EIP-8141 could let apps sponsor ETH gas payments in stablecoins, while network fees would still be paid in ETH
SOURCE: TradingView

It is important to distinguish between abstracting gas payments for users and removing ETH from Ethereum’s fee system. Ethereum would still be paid in ether under the Frames design. The proposal changes how the fee payer is arranged; it does not eliminate the fee or replace ETH in the network’s existing fee system.

For a sponsored transaction, an application or another account would still need to handle the ETH payment. A user might pay an application in stablecoins, but the application would settle the underlying network fee in Ethereum.

In that sense, the proposal can reduce the need for an individual wallet holder to acquire ETH while preserving ETH-denominated fee payment at the protocol level.

Existing systems can already offer related capabilities through infrastructure such as ERC-4337, UserOperations, bundlers, and paymasters. What EIP-8141 proposes is protocol-level integration of similar programmable transaction features into Ethereum’s normal flow.

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The remaining caveat is the proposal’s status. Frames is scheduled for Hegotá but remains a draft, and its technical details may still change before the planned 2027 deployment.

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The post Ethereum News: Frame Transactions Join Ethereum’s 2027 Upgrade Roadmap appeared first on Cryptonews.

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Bitcoin News: 61 BTC Returned After 12 Years Frozen in Intersango Account

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In Bitcoin news today, a British investor, identified only as Chris, has recovered all 61 Bitcoin he lost access to more than 12 years ago after the collapse of the early UK exchange Intersango.

The holdings are worth roughly £3.3M. His individual claim was resolved through negotiation rather than a courtroom decision after lawyers assembled records to establish that the coins belonged to him.

Chris invested £1,500 in Bitcoin in 2011, when the cryptocurrency traded at around £2.94 per coin. He bought through Britcoin, which later became Intersango. According to CEL Solicitors, which handled the claim, he instructed the firm in January 2026, and the case was settled on May 28, roughly four months later.

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Establishing ownership required historical bank statements, emails, exchange records and documents prepared for proceedings in US courts. CEL Solicitors has said more than 5,500 BTC connected to former Intersango users have been traced, although each claimant must establish ownership of specific holdings.

In Bitcoin news today, a British investor has recovered 61 BTC, worth roughly £3.3M, after lawyers resolved his Intersango recovery claim
SOURCE: TradingView

Bitcoin News Today: From Frozen Account to Negotiated Settlement

Intersango attracted thousands of users during Bitcoin’s early years before running into trouble in late 2012. Its website went offline in early 2014, and customers attempting withdrawals received no response. Chris found his account frozen when he tried to move his coins, which were then worth roughly £4,000.

After several unsuccessful attempts to contact the company, Chris eventually treated the holdings as lost. As Bitcoin’s value increased over the following years, he told LBC that watching the price rise was difficult after he had written off the coins. He tried again to recover the assets in early 2026 after his wife encouraged him to contact CEL Solicitors.

Ryan Sweetnam, director of financial litigation at CEL Solicitors, said the firm had to prepare documentation for US court proceedings before it could resolve the claim.

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The process took time, but Chris’s individual matter ultimately ended through negotiation without a judge deciding the claim. The firm says the 61 BTC later reached a wallet Chris controls.

Chris has since transferred the recovered holdings to an FCA-regulated platform. He said he plans to retain part of the amount in crypto and convert some into cash.

Discover: The Best Crypto to Diversify Your Portfolio

A Wider Pool of Stranded Coins

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Intersango was not regulated by the Financial Conduct Authority, leaving Chris with limited options when the exchange stopped operating.

His case differs from a lost-wallet recovery involving a forgotten private key or password. The coins remained inaccessible because an exchange holding customer assets ceased operating.

The three Intersango co-founders have been involved in litigation over the platform’s closure. During those proceedings, it was alleged that one founder holds about 5,500 BTC, valued at around £500M, with at least part of the holdings potentially belonging to former customers. Sweetnam said the litigation acknowledged that assets connected to former Intersango users still existed.

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Former users pursuing similar crypto recovery claims may need old bank statements, exchange emails and other records to support their cases. An email address originally used to register an Intersango account may also provide a starting point for tracing an account.

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What Comes Next for Other Claimants

In other Bitcoin news, other former Intersango customers may pursue individual claims, but each will need to establish that the specific assets sought belong to them. Sweetnam said the process could take time even where there is an acknowledged debt and an effort to return assets.

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The UK’s regulatory environment for crypto businesses has changed substantially since Intersango stopped operating, although the full authorization regime has not yet taken effect. The FCA’s application period for the new regime runs from September 30, 2026, through February 28, 2027.

The regime is due to take effect on October 25, 2027, when trading platforms, custodians, stablecoin issuers and other covered businesses will need authorization to conduct regulated crypto activities in the country.

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The post Bitcoin News: 61 BTC Returned After 12 Years Frozen in Intersango Account appeared first on Cryptonews.

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