Cryptonews

Bitcoin Magazine Kraken Says ‘Dust Attack’ From Sanctioned HTX Wallet Locked Out Customers Crypto exchange Kraken clients were reportedly locked out of their accounts after receiving tiny amounts of sanctioned digital coins.  In a statement to Bitcoin Magazine, Kraken said the coins were transferred in what is known as a “dust attack” — when small quantities of cryptocurrency is sent to numerous wallet addresses to track and de-anonymize them. Kraken said the aim of the transactions was to trigger compliance checks by spreading sanctioned funds onto other platforms. Bloomberg first reported the news.  “We don’t know who is behind these attacks, but they likely expect that if sanctioned funds land in a client account, it triggers a full account lock, causing operational disruption for a large number of users,” a Kraken spokesperson said.  The spokesperson added that its customers were briefly locked out of their accounts...

Bitcoin Magazine US Opens a New Front Against Iran’s Crypto Economy The U.S. this week closed in on Iran, further targeting its crypto-related methods of dodging sanctions in a new economic campaign against the country.  In a Monday announcement, the U.S. Department of the Treasury said it had placed Iran’s digital asset sector under the same sanctions authority it has long used against the country’s oil, banking and metals industries.  . @SecScottBessent : "This is a sustained campaign to collapse every last option for Iran. Let there be no ambiguity as to the position of the United States: an economic engagement of any kind with this murderous regime will expose those responsible to the full reach of American… pic.twitter.com/tlx2gcNs1d — Treasury Department (@USTreasury) August 24, 2026 The move, as part of Operation Economic Outcast, a campaign against the Islamic Republic dubbed “economic D-Day,” is a first, and ...

Bitcoin Magazine The Human Rights Foundation Announces Support for 16 Projects Worldwide The Human Rights Foundation has announced support for more projects around the globe, this time giving over 500 million satoshis — worth $396,854 at today’s prices — in grants to 16 projects based in Africa, Asia, and Latin America.  Coming from the HRF’s Bitcoin Development Fund, the grants will help projects that want to strengthen the Bitcoin protocol, expand practical Bitcoin access and facilitate secure messaging and community infrastructure for dissidents, among other things, according to the NGO.  The grants are the second round of funding to come in 2026, after the NGO announced it had supported 26 projects in April. HRF said the funding works to reinforce Bitcoin’s role as a tool for financial freedom, enabling journalists, nonprofit organizations, and activists to more securely communicate, organize, and receive support globally through Bitcoin. ...

Bitcoin Magazine Bitcoin Tops $81,000 — Is the Debasement Trade Back? Bitcoin soared past $81,000 for the first time since January on Monday before dropping slightly. The recent moves have market observers asking if the debasement trade is back.  The biggest cryptocurrency was recently trading for $79,098 on Tuesday morning in New York after hitting $81,160 the evening before. Over a 24-hour period, the coin now sits unmoved. But zoom out seven days and it has jumped by 23%.  Bitcoin has benefited from news that the Treasury would at least double the size of its liquidity-support buyback operations. The announcement last week hurt the dollar but non-yielding assets have benefited.  JUST IN: $80,834 Bitcoin! pic.twitter.com/1Ouoi92RmA — Bitcoin Magazine (@BitcoinMagazine) August 25, 2026 This has some asking whether 2025’s much talked about debasement trade is back. The strategy — when investors buy an asset as a way to hedge against a...

Bitcoin Magazine UK Banks Still Blocking Bitcoin, Policy Group Tells Parliament Bitcoin Policy UK has slammed British banks for applying blanket restrictions to lawful bitcoin activity.  The organization said in an announcement Friday that it had submitted evidence to the Crypto and Digital Assets APPG’s parliamentary inquiry into banking access, revealing that no improvements had been made over the past three years in how banks treat bitcoin activity.  The issue: UK policy treats “crypto” as one thing, so bitcoin is caught by rules written for unbacked tokens and issuer-dependent stablecoins. The British government has said since 2023 that banks should assess case by case rather than restrict by sector. The group says practice has not followed, and that the gap is widening as the UK moves toward full implementation of its cryptoasset regime in 2027.  Almost three years after we first raised blanket banking restrictions with the Cit...

Bitcoin Magazine Strive Stock Soars After 1,110 Bitcoin Buy  Strive, Inc. bought 1,110 bitcoin last week, the Dallas-based company’s largest single-week purchase in months, lifting its treasury to 21,356 coins, according to Monday filing.  The company’s stock (Nasdaq: ASST) soared following the news, with shares trading over 7% higher on Monday. Strive is an asset manager which rebranded in 2025 as the first publicly traded asset-management bitcoin treasury company. In January 2026, Strive completed the acquisition of Semler Scientific in an all-stock deal — the first instance of a publicly traded Bitcoin treasury company acquiring another publicly traded Bitcoin treasury company.  An 8-K filing with the Securities and Exchange Commission revealed Strive made the buys from August 17 through August 21 at an average price of about $73,409 per bitcoin, including fees and expenses, for a total near $81.5 million.  More than 1 out of every 1,000 Bitco...

Bitcoin Magazine Bitcoin Rally Accelerates, With $80,000 in Sight After ETFs Have Stellar Week  Bitcoin’s price surged further on Monday, flirting with $80,000 after U.S. exchange-traded funds had their best week since October.  The leading cryptocurrency was recently trading more than 2% higher over a 24-hour period after flying past $79,155. It earlier on Monday morning in New York reached as high as $79,954.  Over the past week, the coin has risen 25%. Its rise comes after a sluggish June and July when it mostly traded below $65,000.  Last week, U.S. investors reversed course and bought up shares in the Bitcoin ETFs, which had their best week since October, when bitcoin notched its record of $126,080. Data from Farside Investors shows that the funds — managed by the likes of BlackRock, Fidelity, Grayscale, and Morgan Stanley — received $1.9 billion in new cash.  “This is one of the benefits of a commodity in a constant state of supply sh...

Bitcoin Magazine Strategy Again Skips Bitcoin Buy And Establishes USD Cash Dollar Reserve  Bitcoin treasury Strategy has established a new cash reserve that it will use to buy Bitcoin, according to a Monday filing.  The Nasdaq-listed company said it not only had increased its typical cash buffer to $5.1 billion but also created another pot of $1.59 billion which it may use to buy bitcoin and stock.  Strategy has not bought bitcoin since June, instead focusing on stock buy-backs and creating a cushion — as well as occasionally selling bitcoin.  Strategy increased USD Reserve to $5.10B, established additional USD Cash of $1.59B, and repurchased $136M of $STRC . As of 8/23/26: Strategy holds ~4% of Total BTC Supply and has ~0% Net Leverage. $MSTR https://t.co/WZ9GFtJBXh — Michael Saylor (@saylor) August 24, 2026 “USD Cash is a separately designated pool of U.S. dollar liquidity that the Company may retain for future deployment for general Bitc...

Bitcoin Magazine Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against Incoming Debt Crisis Top investor Ray Dalio has again sung Bitcoin’s praises. But only a little bit.  The billionaire hedge fund boss said in his latest essay that he expected  “non-government-produced monies like gold and bitcoin to do relatively well” as government debt grows.  Dalio, who founded one of the world’s largest hedge funds, Bridgewater Associates, has long warned investors about the size of America’s debt. U.S. national debt passed the $40 trillion mark this week.  JUST IN: Billionaire Ray Dalio suggests diversifying into gold, bonds, "and a bit of Bitcoin." pic.twitter.com/Z0TCviiTBV — Bitcoin Magazine (@BitcoinMagazine) August 21, 2026 “As general advice, I suggest diversifying well in asset classes and countries that have strong income statements and balance sheets and are not having gre...

Bitcoin Magazine Bitcoin Has Its Best Week Since 2023 as Shortsellers Continue To Get Wiped Out Bitcoin continued its rise on Friday, having its best week since 2023 as over $1 billion in shortsellers’ positions got ruined and exchange-traded funds received billions in new cash.  The leading cryptocurrency on Friday was recently trading 23% higher over a seven-day period after flying past $77,542. It earlier in the day reached as high as $79,319.  Bitcoin’s rise comes after the American investors fast piled into exchange-traded funds, with the vehicles so far this week taking in over $1.6 billion, according to Farside Investors data.  CNBC analysts said that the coin’s rise is its best performance since 2023 and was triggered by the Treasury Department’s Wednesday announcement to at least double the size of its long-dated bond buybacks. The announcement has helped send yields down lower, while assets like bitcoin and gold have shot...