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18 May 2026, 16:56
Bitcoin and ethereum ETFs see $1.03B weekly outflow
🚨 $1.039 billion left Bitcoin and Ethereum ETFs in a week. Solana and $XRP-based funds attracted strong inflows despite the trend. 🔑 Critical data: Institutions are choosing more diverse crypto portfolios. Continue Reading: Bitcoin and ethereum ETFs see $1.03B weekly outflow The post Bitcoin and ethereum ETFs see $1.03B weekly outflow appeared first on COINTURK NEWS .
18 May 2026, 16:55
Forsage Co-Founder Pleads Not Guilty in $340M Crypto Ponzi Case After Extradition
BitcoinWorld Forsage Co-Founder Pleads Not Guilty in $340M Crypto Ponzi Case After Extradition Olena Oblamska, a co-founder of the cryptocurrency investment platform Forsage, has pleaded not guilty to charges of wire fraud conspiracy following her extradition from Thailand to the United States. The plea, entered in a federal court, marks the latest development in a case that the U.S. Department of Justice describes as one of the largest crypto-based Ponzi and pyramid schemes ever prosecuted. How Forsage Operated and Why Regulators Took Action Launched in 2020, Forsage presented itself as a decentralized application (DApp) that allowed users to invest in smart contracts on the Ethereum, Tron, and BNB blockchain networks. According to the DOJ, the platform was structured to automatically redistribute funds from new investors to earlier participants—a hallmark of both Ponzi and pyramid schemes. The U.S. Securities and Exchange Commission filed a civil suit against Forsage and its founders in 2022, alleging that the platform had raised approximately $340 million from investors worldwide. Blockchain Evidence and Investor Impact Blockchain analysis conducted by investigators revealed that more than 80% of all Forsage investors received less money back than they had put in, with over half receiving no returns at all. The data, drawn from public ledgers, provided a transparent but damning record of the platform’s unsustainable payout structure. Legal experts note that the use of immutable smart contracts made the flow of funds easier to trace, but also gave the scheme a veneer of legitimacy that attracted unsuspecting participants. What the Case Means for Crypto Regulation This case is being closely watched by regulators and legal observers as a test of how U.S. authorities handle cross-border crypto fraud. Oblamska’s extradition from Thailand—a country not typically known for swift cooperation in financial crime cases—signals a growing willingness among international partners to pursue crypto-related offenders. The outcome could set a precedent for how decentralized finance platforms are held accountable under existing securities and fraud laws. Conclusion As Oblamska’s case moves toward trial, it underscores the risks inherent in unregulated crypto investment platforms that promise guaranteed returns. For the broader industry, the Forsage prosecution serves as a reminder that blockchain transparency can be a double-edged sword—exposing both the mechanics of a scheme and the evidence needed to dismantle it. The court proceedings will likely provide further clarity on how U.S. law applies to decentralized financial products that operate across multiple jurisdictions. FAQs Q1: What is Forsage? Forsage was a cryptocurrency investment platform launched in 2020 that used smart contracts on Ethereum, Tron, and BNB blockchains. U.S. authorities allege it operated as a Ponzi and pyramid scheme, redistributing new investor funds to earlier participants. Q2: How much money did investors lose in the Forsage scheme? The U.S. Securities and Exchange Commission estimates total losses at approximately $340 million. Blockchain analysis showed that over 80% of investors received less than they invested, and more than half received nothing. Q3: Why was Olena Oblamska extradited from Thailand? Olena Oblamska was extradited to the United States to face federal charges of wire fraud conspiracy. Her extradition reflects increased international cooperation in prosecuting cross-border cryptocurrency fraud cases. This post Forsage Co-Founder Pleads Not Guilty in $340M Crypto Ponzi Case After Extradition first appeared on BitcoinWorld .
18 May 2026, 16:55
Ethereum Slides to $2,100 as ETFs Bleed $249M, BitMine Adds $151M ETH
Ethereum News Ether tumbled to roughly $2,100 on Monday, extending a 12% retreat from its early-May local high near $2,420 and marking its lowest print since mid-April. The rejection at the $2,400 ...
18 May 2026, 16:54
Bitcoin Holds $76K as Capital B Adds 192 BTC, Crypto ETPs Bleed $1.07B and Hive Pivots to AI
Bitcoin News Hive Digital Technologies, one of the longest-running publicly traded Bitcoin miners, saw its share price rocket roughly 26% to about $3.39 on Monday after unveiling a 320-megawatt art...
18 May 2026, 16:50
UK regulators push for near 24-hour payments to support tokenization
BitcoinWorld UK regulators push for near 24-hour payments to support tokenization The Bank of England (BoE) and the Financial Conduct Authority (FCA) are advancing plans to extend the operating hours of key payment and settlement systems to nearly 24 hours a day, a move designed to accommodate the growing tokenization of financial markets. The proposals, announced in recent regulatory documents, signal the UK’s intent to modernize its financial infrastructure for a digital asset era. Extended hours for RTGS and CHAPS The BoE has proposed adding weekend and extended operating hours to its Real-Time Gross Settlement (RTGS) system and the CHAPS high-value payment system. Currently, these systems operate during standard business hours on weekdays, limiting the ability to settle tokenized transactions and cross-border payments in real time around the clock. The bank stated that the change is necessary to support new tokenization-based payment and settlement models that require continuous availability. Regulatory framework for tokenized assets In parallel, the UK’s Prudential Regulation Authority (PRA) has issued guidelines proposing that tokenized financial products should be subject to the same regulatory standards as traditional instruments, provided they carry equivalent legal rights and risk profiles. This approach aims to create a level playing field while encouraging innovation in wholesale markets. Katie Harries, head of Europe policy at Coinbase, noted that the UK is presenting a clear vision for tokenization, which could expand access to new capital and investment opportunities. Broader crypto regulation timeline The FCA is also developing a comprehensive cryptocurrency regulatory framework that will cover stablecoin issuance, trading, custody, and staking. The regulator has set a target for full implementation before 2027. These efforts align with the government’s broader ambition to position the UK as a global hub for digital asset innovation while maintaining financial stability and consumer protection. Conclusion The push for near 24-hour payment systems and clear tokenization rules represents a significant step in the UK’s financial modernization agenda. By aligning payment infrastructure with the needs of digital markets, regulators aim to foster innovation, improve cross-border payment efficiency, and attract investment in tokenized finance. The coming years will be critical as the FCA finalizes its crypto rules and the BoE implements extended settlement hours. FAQs Q1: What is tokenization in financial markets? Tokenization refers to the process of representing real-world assets, such as bonds, equities, or commodities, as digital tokens on a blockchain or distributed ledger. This can enable faster, cheaper, and more transparent trading and settlement. Q2: Why do payment systems need to operate 24 hours for tokenization? Tokenized markets often require real-time settlement across different time zones and outside traditional banking hours. Extended payment system hours allow for continuous trading, clearing, and settlement without delays. Q3: When will the UK’s new crypto regulations take effect? The FCA aims to implement a comprehensive regulatory framework covering stablecoins, trading, custody, and staking before 2027. The BoE’s extended payment hours are also expected to be phased in over the next few years. This post UK regulators push for near 24-hour payments to support tokenization first appeared on BitcoinWorld .
18 May 2026, 16:48
Hive Shares Hit Highest Price This Year After Bitcoin Miner Unveils Ontario 'AI Gigafactory'
Hive Digital Technologies’ stock price popped after the Bitcoin miner unveiled a massive data-center buildout in Ontario, Canada.
