Latest Crypto News — Page 12

The latest developments in cryptocurrency, blockchain and digital finance.

Bitcoin Slips in October but Enters November — Its Historically Strongest Month for Gains

Bitcoin enters November — historically its strongest month with an average 42% gain since 2013 — amid supportive macro conditions like easing U.S.–China trade tensions, potential Fed rate cuts, and the end of quantitative tightening. However, the ongoing U.S. government shutdown continues to delay ETF approvals and broader crypto regulation, tempering optimism.

South Korea’s First Won-Backed Stablecoin to Launch on Circle’s Arc Network

Circle’s Arc blockchain is gaining momentum as BDACS prepares to launch South Korea’s first won-backed stablecoin, KRW1, connecting Korean fintech to global crypto infrastructure. The move comes amid debate over whether banks should control stablecoin issuance — highlighting Korea’s balancing act between regulation and innovation.

Iran’s Ayandeh Bank Collapses Under $8B Debt, Impacting 42 Million Customers

Iran’s Ayandeh Bank has declared bankruptcy after accumulating $8 billion in losses, affecting over 42 million customers. The failure underscores deep fragility in Iran’s sanctioned banking system — and echoes the systemic risks that once inspired Bitcoin’s creation as a decentralized financial alternative.

Thai Regulators Raid World Iris Scanning Site Over Unlicensed Crypto Operations

Thailand’s SEC and cybercrime police raided a World iris scanning site for allegedly operating an unlicensed crypto service linked to its WLD token. The move adds to mounting international regulatory pressure on Sam Altman’s digital identity project, which continues to face privacy and compliance challenges across multiple countries.

“There Were No Money-Laundering Charges,” CZ Fires Back at Senator Elizabeth Warren

Binance founder Changpeng Zhao rebuked Senator Elizabeth Warren for falsely claiming he pleaded guilty to money-laundering, clarifying his charge was a compliance failure under the Bank Secrecy Act. His presidential pardon by Donald Trump has sparked accusations of corruption from Democrats, as political tensions over crypto policy continue to escalate.

CEX Spot Trading Surges 31% in Q3, Signaling Renewed Market Momentum

Crypto spot trading on major centralized exchanges rebounded 31% in Q3, reversing months of decline as Bitcoin’s rally rekindled investor interest. Binance retained its market dominance with 43% of spot volume, while competition in the derivatives market continues to intensify across global platforms.