So, after last week’s Cointelegraph stunt, BTC has decided to go all bullish and crossed $31K.
While it has retracted a bit, the mother crypto is still holding a strong $30.5K.
This surge also affected the entire market, with several altcoins reaching some pretty decent highs in months.
Despite these wins, the market still witnessed some bad news, like Fantom’s $550K hack.
Here are the main highlights from last week:
- Crypto Markets Added $100B Weekly as BTC Reclaims $30K
- Binance halts onboarding of new UK users
- Tether freezes $873K in USDT linked to terrorist activity in Ukraine, Israel
- Fantom Foundation hot wallet hacked for $550K
Crypto Markets Added $100B Weekly as BTC Reclaims $30K
Bitcoin’s price increases continued in the past 24 hours, with the asset soaring to a new multi-month peak at around $31,000.
The altcoins are also in the green. SOL touched $30 for the first time in months as well, while LINK and MATIC have skyrocketed by double digits.
Binance halts onboarding of new UK users
Crypto exchange Binance will stop accepting users in the United Kingdom as of 5 p.m. local time on Oct. 16. According to Binance’s announcement, the move came after the country’s Financial Conduct Authority (FCA) imposed legally binding requirements on its partner Rebuildingsociety.com Ltd (REBS) on Oct. 10.
Tether freezes $873K in USDT linked to terrorist activity in Ukraine, Israel
Stablecoin firm Tether (USDT) seized digital assets worth $873,118.34 from 32 addresses linked to warfare and terrorism in Ukraine and Israel.
Critics of the crypto industry have frequently raised concerns about its potential use for funding terrorist and malicious operations. Figures like Senator Elizabeth Warren have underscored how illicit funds can flow through the sector despite government-imposed financial sanctions.
Fantom Foundation hot wallet hacked for $550K
The Fantom Foundation, the developer of the Fantom network, has been hacked for over $550,000 worth of cryptocurrency. The foundation confirmed the attack on X, claiming that most of the funds stolen belonged to other users and that 99% of the foundation’s funds remain safe.
Other Highlights Worth Mentioning
- The Evidence Sam Bankman-Fried’s Lawyers Didn’t Want Us to See – Decrypt
- EU formally agrees on new crypto tax data sharing rules – Coindesk
- New York Attorney General sues Gemini, Genesis, and DGC for allegedly defrauding investors – Cointelegraph
- Elon Musk, Mark Cuban team up to contest SEC trial strategies – Cointelegraph
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- Source: https://insights.coinigy.com/btc-hits-30k-should-we-officially-welcome-the-bulls/
