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About The Author
Adam Morris, a renowned crypto expert, has been deeply immersed in researching and writing about the cryptocurrency space since 2017. His expertise and insights have led to appearances on crypto podcasts and features in major media publications, including Forbes, CNN, CNBC, and Yahoo Finance. Adam’s journey in the world of crypto began in 2017 with an adventurous foray into breeding Cryptokitties, sparking his interest in this novel aspect of blockchain technology.
In 2017, he founded Crypto Head, marking his first entrepreneurial venture into the crypto world, fueled by his fascination with the technology since 2016. Under his leadership, Crypto Head has become a pivotal platform in the crypto community. Adam’s influence extends beyond Crypto Head, with contributions to various crypto-related sites, establishing him as a prominent voice in the industry. His passion for cryptocurrency, Web3, digital marketing, and futurism is evident in his work, and his articles provide a comprehensive view of these dynamic fields.
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Latest Articles by Adam
Controversial Crypto Accounting Bulletin SAB 121 Rescinded by SEC
The U.S. Securities and Exchange Commission (SEC) has withdrawn Staff Accounting Bulletin (SAB) 121, a contentious directive that required financial firms to include customers’ crypto assets on their own balance sheets. The SEC introduced new guidance, SAB 122, which formally rescinds SAB 121 and instructs firms to follow established accounting standards, such as those by …
Controversial Crypto Accounting Bulletin SAB 121 Rescinded by SEC Read More »
John McAfee’s Widow Launches Memecoin Amid Controversy
Janice McAfee, widow of late tech mogul John McAfee, has launched a new memecoin in his honor, stirring mixed reactions within the crypto community. Announced via McAfee’s former X (formerly Twitter) account on January 23, the post teased, “You didn’t think I’d miss this cycle, did you?” McAfee, a fervent cryptocurrency advocate, was known for …
John McAfee’s Widow Launches Memecoin Amid Controversy Read More »
Coinbase Challenges SEC in Court Over Crypto Trade Securities Status
Coinbase has appealed to the Second Circuit Court of Appeals to determine whether crypto transactions on its platform should be considered investment contracts or non-securities, emphasizing the significance of this issue for the crypto industry. In a January 21 filing, Coinbase highlighted the need for regulatory clarity in a market now valued at over $3 …
Coinbase Challenges SEC in Court Over Crypto Trade Securities Status Read More »
Kraken Donates $111,111 in Bitcoin to Ross Ulbricht Post-Release
Crypto exchange Kraken recently donated $111,111 in Bitcoin (BTC) to Ross Ulbricht, founder of the Silk Road marketplace, following his release from prison after 12 years. Ulbricht was pardoned by former U.S. President Donald Trump, who criticized his double life sentence plus 40 years as excessive for nonviolent crimes. Donations to Ulbricht’s official address on …
Kraken Donates $111,111 in Bitcoin to Ross Ulbricht Post-Release Read More »
Crypto Firm Busted in FBI Operation for Market Manipulation Scheme
A UAE-based cryptocurrency firm, CLS Global FZC LLC, has pleaded guilty to market manipulation charges involving a token created by the FBI. The FBI designed the NexFundAI (NEXF) token as part of an undercover operation to expose fraudulent activities in the crypto sector, including pump-and-dump schemes. CLS Global admitted to inflating the token’s trading volume …
Crypto Firm Busted in FBI Operation for Market Manipulation Scheme Read More »
Trump Pardons Silk Road Founder Ross Ulbricht After 12 Years in Prison
Former U.S. President Donald Trump has granted a full pardon to Ross Ulbricht, the founder of the darknet marketplace Silk Road, fulfilling a campaign promise to the crypto community. Ulbricht had been serving two life sentences plus 40 years without parole for operating the Bitcoin-based platform, which facilitated transactions for illegal goods. Trump announced the …
Trump Pardons Silk Road Founder Ross Ulbricht After 12 Years in Prison Read More »
TRUMP and DOGE Headline New Crypto ETF Filings in the U.S.
U.S. asset managers Osprey Funds and REX Shares have filed with the Securities and Exchange Commission (SEC) to launch cryptocurrency-focused exchange-traded funds (ETFs), including those centered on memecoins like Dogecoin (DOGE), Official Trump (TRUMP), and Bonk (BONK). The filings, dated January 21, also propose ETFs for major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Solana …
TRUMP and DOGE Headline New Crypto ETF Filings in the U.S. Read More »
Billionaire Mark Cuban Suggests Using Memecoins to Address US Debt Crisis
Billionaire entrepreneur Mark Cuban proposed a novel idea on January 21, suggesting the creation of a memecoin to help reduce the United States’ nearly $36 trillion national debt. Cuban’s concept, shared via Twitter, involves issuing a cryptocurrency similar to the official memecoin tied to former President Donald Trump. He emphasized transparency by promising to make …
Billionaire Mark Cuban Suggests Using Memecoins to Address US Debt Crisis Read More »
Gary Gensler Resigns, Crypto-Friendly Mark Uyeda Becomes Acting SEC Chair
President Donald Trump has appointed Mark Uyeda as Acting Chair of the U.S. Securities and Exchange Commission (SEC) following Gary Gensler’s resignation. Uyeda, a longtime SEC insider and advocate for crypto-friendly policies, steps into the role as the agency awaits Senate confirmation of Trump’s nominee for permanent chair, Paul Atkins. Uyeda’s leadership is expected to …
Gary Gensler Resigns, Crypto-Friendly Mark Uyeda Becomes Acting SEC Chair Read More »
Trump-Linked Crypto Platform Hikes Token Prices After Presale Frenzy
World Liberty Financial (WLFI), a decentralized finance platform endorsed by Donald Trump, announced a sold-out presale of its tokens and launched a new round at a higher price due to strong demand. Initially, 20% of its 100 billion WLFI tokens were sold at 1.5 cents each, raising $300 million. Following the sellout, an additional 5% …
Trump-Linked Crypto Platform Hikes Token Prices After Presale Frenzy Read More »
Vitalik Buterin Shakes Up Ethereum Foundation Leadership Structure
Ethereum co-founder Vitalik Buterin has announced a leadership revamp for the Ethereum Foundation to emphasize technical expertise and improve collaboration with the broader ecosystem. In a Jan. 18 post, Buterin outlined goals including better support for decentralized app developers, enhanced privacy and censorship resistance, and stronger decentralization. He stressed the Foundation would avoid political lobbying, …
Vitalik Buterin Shakes Up Ethereum Foundation Leadership Structure Read More »
NFT Platform MakersPlace Announces Closure After Six Years
MakersPlace, a digital art platform specializing in non-fungible tokens (NFTs), has announced its closure after six years of operation, citing challenges in the declining NFT market. Launched in 2018, MakersPlace became a significant player during the NFT boom, raising $30 million in 2021 with support from major investors like Pantera Capital, Coinbase Ventures, and Sony …
NFT Platform MakersPlace Announces Closure After Six Years Read More »
Phantom Wallet Secures $150M, Skyrocketing to a $3B Valuation
Phantom Wallet, a digital asset wallet provider, raised $150 million in a Series C funding round led by Sequoia Capital and Paradigm, with participation from Andreessen Horowitz and Variant, bringing its valuation to $3 billion. This marks a significant 150% increase from its $1.2 billion valuation in January 2022. CEO Brandon Millman highlighted the company’s …
Phantom Wallet Secures $150M, Skyrocketing to a $3B Valuation Read More »
Arkansas Moves to Ban Crypto Mining Near Military Bases
Arkansas lawmakers have introduced Senate Bill (SB 60), seeking to ban cryptocurrency mining within 30 miles of U.S. military facilities in the state. Sponsored by Senator Ricky Hill and House Speaker Brian Evans, the bill aims to amend the Arkansas Data Centers Act of 2023. Facilities built and operational before December 31, 2023, are exempt …
Arkansas Moves to Ban Crypto Mining Near Military Bases Read More »
Pump.fun Accused of Exploiting Investors: Legal Action Underway
A U.S.-based crypto law firm, Burwick Law, has announced plans for legal action against Pump.fun, a Solana-based memecoin launchpad, on behalf of investors alleging losses from rug pulls and broken promises. The firm claims Pump.fun has earned hundreds of millions in fees while enabling harmful and inappropriate content, such as displays of drug use, racism, …
Pump.fun Accused of Exploiting Investors: Legal Action Underway Read More »
Report: Deribit Considers Acquisition Proposals, Valued at Up to $5B
Cryptocurrency options exchange Deribit is reportedly evaluating buyout offers amid increased merger activity in the blockchain sector. The platform, valued between $4 billion and $5 billion, engaged Financial Technology Partners in 2023 to facilitate secondary stock sales and assess potential buyouts. While Deribit emphasized it is not officially for sale, it acknowledged ongoing interest in …
Report: Deribit Considers Acquisition Proposals, Valued at Up to $5B Read More »
Ripple Slams SEC’s Push to Rush Appeal Before Leadership Shakeup
Ripple executives have criticized the U.S. Securities and Exchange Commission (SEC) for refusing to delay its appeal filing in the ongoing legal battle over XRP. The case originated in 2020, with the SEC accusing Ripple of raising funds through XRP sales as an unregistered security. An August 2024 ruling found Ripple partly liable for $125 …
Ripple Slams SEC’s Push to Rush Appeal Before Leadership Shakeup Read More »
Humanity, the Decentralized ID Rival to World, Advances Mainnet Plans
On January 14, the Humanity Foundation was introduced, marking a significant step toward the Humanity Protocol’s token generation event (TGE). The protocol focuses on decentralized identity (DID) and zero-knowledge proof (ZK-proof) technologies, offering a privacy-centric solution for verifying unique identities while safeguarding personal information. Led by Animoca Brands chairman Yat Siu, Mario Nawfal of International …
Humanity, the Decentralized ID Rival to World, Advances Mainnet Plans Read More »
MoonPay Acquires Solana-Powered Helio to Boost Merchant Payment Solutions
MoonPay, a prominent fiat-to-crypto service provider, has acquired Solana-based payment processor Helio for $175 million to expand its capabilities in the crypto payment sector. Helio specializes in crypto checkout solutions, enabling businesses to accept payments in various digital assets like Bitcoin, Ethereum, Solana’s SOL, and USD Coin. This strategic acquisition aims to enhance MoonPay’s payment …
MoonPay Acquires Solana-Powered Helio to Boost Merchant Payment Solutions Read More »
Indian Railways Introduces NFT Tickets for MahaKumbh Mela on Polygon
Indian Railways has partnered with blockchain firm Chaincode Consulting to issue NFT-based train tickets for the MahaKumbh Mela, a significant Hindu pilgrimage that occurs every 144 years. The collaboration with the Indian Railway Catering and Tourism Corporation (IRCTC) will modernize the spiritual journey for millions of attendees. These NFTs will be minted on the Polygon …
Indian Railways Introduces NFT Tickets for MahaKumbh Mela on Polygon Read More »
Solana-Based DEX Mango Markets Shuts Down
Mango Markets, a decentralized exchange (DEX) on the Solana blockchain, has shut down following governance votes, legal challenges, and a settlement with the U.S. Securities and Exchange Commission (SEC). The platform urged users to close their positions as it winds down, halting borrowing and lending through governance-approved changes effective January 13, 2025. The closure follows …
Philippine Banks Join Forces to Launch PHPX Stablecoin on Hedera
Several Philippine banks are collaborating to launch PHPX, a peso-backed stablecoin, on the Hedera decentralized ledger technology (DLT) network. Set to debut between May and July, PHPX aims to revolutionize cross-border payments and boost financial inclusion in the Philippines. Key participating banks include UnionBank, Rizal Commercial Banking Corporation, Cantilan Bank, and Rural Bank of Guinobatan, …
Philippine Banks Join Forces to Launch PHPX Stablecoin on Hedera Read More »
Stablecoin Giant Circle Contributes $1M in USDC to Trump’s Inauguration
Stablecoin issuer Circle has donated 1 million USD Coin (USDC) to President-elect Donald Trump’s Inauguration Committee, as confirmed by CEO Jeremy Allaire. The acceptance of USDC highlights the growing adoption of digital assets, marking a key milestone for the stablecoin industry. Stablecoins collectively hold a market capitalization of $203 billion, with Circle’s USDC comprising $44 …
Stablecoin Giant Circle Contributes $1M in USDC to Trump’s Inauguration Read More »
Bitcoin Salaries? Oklahoma Senator Proposes Revolutionary Crypto Bill
Oklahoma Senator Dusty Deevers has introduced the Bitcoin Freedom Act (SB325), aimed at enabling Oklahomans to receive salaries in Bitcoin and allowing businesses to accept BTC payments. Announced on January 8, the legislation promotes voluntary adoption, free-market principles, and financial innovation. Deevers highlighted Bitcoin’s potential to shield earnings and investments from inflation, which he criticized …
Bitcoin Salaries? Oklahoma Senator Proposes Revolutionary Crypto Bill Read More »
Trump Dinner Sparks XRP Gains: Garlinghouse’s Post Sets Crypto Abuzz
XRP, the native token of the XRP Ledger, rose over 2% on Wednesday, defying a broader cryptocurrency market decline. This gain followed Ripple CEO Brad Garlinghouse’s social media post showing him dining with Ripple’s Chief Legal Officer Stuart Alderoty and President-elect Donald Trump. The dinner, described as a “strong start to 2025,” has sparked optimism …
Trump Dinner Sparks XRP Gains: Garlinghouse’s Post Sets Crypto Abuzz Read More »
Bitfinex Derivatives Relocates to El Salvador After Securing Crypto License
Bitfinex Derivatives, the derivatives division of cryptocurrency exchange Bitfinex, has relocated to El Salvador after obtaining a Digital Asset Service Providers (DASP) license. The move, announced on January 7, marks a significant shift from Seychelles to El Salvador, a nation increasingly recognized as a global financial hub for cryptocurrency. Paolo Ardoino, Bitfinex’s CTO, highlighted the …
Bitfinex Derivatives Relocates to El Salvador After Securing Crypto License Read More »
Coinbase Wins Court Approval to Challenge SEC in Higher Court
A federal judge has paused the Coinbase vs. SEC case to allow the crypto exchange to seek an important ruling from the U.S. Court of Appeals for the Second Circuit. This appeal focuses on whether certain tokens traded on Coinbase qualify as securities under U.S. law. At the core of the dispute, the SEC accuses …
Coinbase Wins Court Approval to Challenge SEC in Higher Court Read More »
Czech National Bank Weighs Bitcoin for Future Foreign Reserves
The Czech National Bank (CNB) governor, Aleš Michl, has hinted at the potential inclusion of Bitcoin in the country’s foreign exchange reserves as part of a diversification strategy. While speaking to CNN Prima News, Michl suggested acquiring “a few Bitcoin” could be a minor but innovative step. However, this remains a theoretical consideration for now, …
Czech National Bank Weighs Bitcoin for Future Foreign Reserves Read More »
Gemini Faces $5M Penalty in CFTC Settlement Proposal
Gemini Trust Company may settle a lawsuit with the U.S. Commodity Futures Trading Commission (CFTC) by agreeing to a proposed $5 million penalty. The proposed consent order, detailed in a January 6 court filing, requires approval from a federal judge. If accepted, it would resolve allegations that Gemini provided false or misleading information during its …
Gemini Faces $5M Penalty in CFTC Settlement Proposal Read More »
Ripple CEO Declares U.S. Crypto Boom: How Ripple Is Leading the Charge
Ripple Labs is shifting its focus back to the U.S., citing optimism about pro-innovation policies expected from the incoming Trump administration. Ripple reports signing more U.S. deals in the final six weeks of 2024 than in the previous six months, marking a turnaround in its U.S. operations after years of regulatory challenges under SEC Chair …
Ripple CEO Declares U.S. Crypto Boom: How Ripple Is Leading the Charge Read More »
Solana Launches Quantum-Resistant Vaults, But Adoption is Optional
Solana has introduced the Winternitz Vault, a quantum-resistant feature designed to protect user funds against potential threats from quantum computing. This optional security measure is not implemented across the Solana network by default; users must actively choose to adopt it. The vault utilizes a hash-based signature system that generates new private keys for every transaction, …
Solana Launches Quantum-Resistant Vaults, But Adoption is Optional Read More »
Massive Outflow Hits BlackRock’s Bitcoin ETF—What’s Happening?
BlackRock’s Bitcoin ETF (IBIT) experienced a record $332 million in outflows on January 3, marking the largest single-day withdrawal in its history. This surpasses its previous record of $188 million in late December and follows consistent outflows since December 20. IBIT, managing over $53 billion in assets, has faced investor withdrawals totaling millions, potentially indicating …
Massive Outflow Hits BlackRock’s Bitcoin ETF—What’s Happening? Read More »
Do Kwon Pleads Not Guilty in US Court After Extradition from Montenegro
Terraform Labs co-founder Do Kwon pleaded not guilty to nine charges, including securities fraud, wire fraud, and money laundering, during a U.S. court hearing on January 2, 2025. The charges stem from the collapse of the Terra blockchain ecosystem. Appearing before Magistrate Judge Robert Lehrburger in New York, Kwon agreed to remain in custody without …
Do Kwon Pleads Not Guilty in US Court After Extradition from Montenegro Read More »
Defunct Crypto Lender Celsius Pushes Appeal After Losing $444M FTX Claim
Celsius, a collapsed crypto lending platform, has appealed a court ruling that disallowed its $444 million claim against FTX as part of its bankruptcy proceedings. Initially, Celsius sought $2 billion in damages, alleging that statements from FTX executives exacerbated its financial troubles. This was later revised to a $444 million claim, focusing on “preferential transfers” …
Defunct Crypto Lender Celsius Pushes Appeal After Losing $444M FTX Claim Read More »
DeFi Giant Aave Reaches $33.4 Billion in Net Deposits
Decentralized finance (DeFi) platform Aave achieved a milestone with net deposits reaching $33.4 billion, surpassing its 2021 bull market levels. The platform’s 2024 expansion included integrating BNB Chain, Scroll, ZKsync Era, and Ether.fi, with plans for further growth in 2025 through potential additions like Sonic, Mantle, Linea, BOB, Spider Chain, and Aptos. Aave’s success coincides …
DeFi Giant Aave Reaches $33.4 Billion in Net Deposits Read More »
Switzerland Considers Constitutional Bitcoin Reserve Mandate
A groundbreaking proposal to mandate the Swiss National Bank (SNB) to include Bitcoin in its monetary reserves has officially been launched, setting the stage for a possible constitutional amendment. Registered on December 31, 2024, the initiative requires 100,000 signatures from Switzerland’s population by June 30, 2026, to trigger a national referendum. If approved, it would …
Switzerland Considers Constitutional Bitcoin Reserve Mandate Read More »
Terraform Labs Co-Founder Do Kwon Now in US Custody
Terraform Labs co-founder Do Kwon has been extradited to the United States, concluding a lengthy legal dispute with Montenegrin authorities. Prime Minister Milojko Spajić announced the transfer on December 31, affirming Montenegro’s dedication to justice and its zero tolerance for fraud. Kwon’s extradition follows Justice Minister Bojan Božović’s decision to prioritize the U.S. request over …
Terraform Labs Co-Founder Do Kwon Now in US Custody Read More »
Franklin Templeton Predicts Nations Will Adopt Bitcoin Reserves by 2025
Franklin Templeton, a prominent Bitcoin ETF issuer, predicts a rise in sovereign adoption of Bitcoin reserves globally by 2025. In its Dec. 30 digital assets outlook, the firm highlighted Bitcoin’s potential to solidify its role as a global digital store of value, driven by institutional and sovereign investments. Politicians in Germany and Hong Kong have …
Franklin Templeton Predicts Nations Will Adopt Bitcoin Reserves by 2025 Read More »
Hyperliquid Launches Native Staking with $344M in Tokens Locked
Hyperliquid, a decentralized finance (DeFi) protocol, has launched native staking on its mainnet, enabling users to earn rewards while enhancing network security. Starting December 30, HYPE token holders can stake tokens with one of 16 validators, selected based on factors like uptime, commission, and reputation. This move follows Hyperliquid’s success as a decentralized trading platform, …
Hyperliquid Launches Native Staking with $344M in Tokens Locked Read More »
Bitcoin Bulls Watch Closely as Saylor Drops a Cryptic Chart Post
Michael Saylor, MicroStrategy’s co-founder, recently posted a Bitcoin chart on social media, sparking speculation about a new purchase. The post, made on Dec. 29, hinted at the company’s potential acquisition, following a pattern of Sunday updates preceding MicroStrategy’s usual Monday transactions. This generated buzz among market watchers, who closely follow the company’s Bitcoin strategy. On …
Bitcoin Bulls Watch Closely as Saylor Drops a Cryptic Chart Post Read More »
Blockchain Association Sues IRS Over ‘Unconstitutional’ Crypto Rules
The Blockchain Association has filed a lawsuit against the U.S. Internal Revenue Service (IRS) challenging new cryptocurrency broker regulations. Finalized on December 27, these rules require brokers, including decentralized exchanges (DEXs) and other platforms, to report digital asset transactions, gross proceeds, and related taxpayer information. These regulations, set to take effect in 2027, aim to …
Blockchain Association Sues IRS Over ‘Unconstitutional’ Crypto Rules Read More »
Bitwise Files for ETF Targeting Bitcoin-Holding Corporations
Bitwise has proposed a new ETF targeting companies with significant Bitcoin holdings. Named the Bitwise Bitcoin Standard Corporations ETF, it will include publicly traded firms holding at least 1,000 BTC in their corporate treasuries. The ETF applies criteria such as a minimum $100 million market capitalization, $1 million daily trading liquidity, and less than 10% …
Bitwise Files for ETF Targeting Bitcoin-Holding Corporations Read More »
Energy Leader KULR Technology Bets on Bitcoin as “Future of Money”
KULR Technology Group, a New York Stock Exchange-listed company, has embraced Bitcoin as a treasury asset, purchasing 217.18 BTC for approximately $21 million at an average price of $96,556.53 per Bitcoin. The company plans to allocate up to 90% of its surplus cash into Bitcoin, using custody services from Coinbase Prime to secure its holdings. …
Energy Leader KULR Technology Bets on Bitcoin as “Future of Money” Read More »
Japan’s PM Isn’t Ready to Back Bitcoin Reserves—Here’s Why
Japan’s Prime Minister Shigeru Ishiba has avoided taking a stance on adopting Bitcoin as part of the country’s foreign exchange reserves, citing insufficient information about similar moves in other nations like the U.S. His comments, reported by CoinPost on December 26, came in response to Satoshi Hamada, a House of Councilors member, who suggested Japan …
Japan’s PM Isn’t Ready to Back Bitcoin Reserves—Here’s Why Read More »
Israel to Launch Six Bitcoin-Tracking Funds on Dec. 31
Israel is set to see a major expansion in cryptocurrency investment options with the launch of six Bitcoin-tracking mutual funds on December 31, following approval by the Israel Securities Authority. These funds will enable local investors to gain exposure to Bitcoin’s price movements in Israeli shekels through banks and investment firms, with strategies ranging from …
Israel to Launch Six Bitcoin-Tracking Funds on Dec. 31 Read More »
Canadian Gold Innovator Matador Makes Bold Bitcoin Move
Canadian asset tokenization firm Matador Technologies has adopted Bitcoin as a strategic treasury asset, joining a growing list of companies embracing cryptocurrency for financial stability. On December 23, Matador announced its board’s unanimous approval to diversify its reserves by incorporating Bitcoin and USD-denominated assets into a long-term capital preservation strategy. The decision stems from concerns …
Canadian Gold Innovator Matador Makes Bold Bitcoin Move Read More »
North Korean Hackers Blamed for $308M Crypto Heist at DMM Exchange
North Korean hackers, tied to the notorious TraderTraitor group, have been implicated in a $308 million cryptocurrency heist targeting Japanese exchange DMM. Over 4,500 bitcoin were stolen in a sophisticated breach involving advanced social engineering tactics and malicious coding. The FBI, Japan’s police force, and the U.S. Department of Defense confirmed the attack, which exploited …
North Korean Hackers Blamed for $308M Crypto Heist at DMM Exchange Read More »
Bitcoin Miner TeraWulf Expands Into AI Hosting as Costs Climb
Bitcoin miner TeraWulf is diversifying into artificial intelligence (AI) hosting, leasing over 70 megawatts (MW) of its Lake Mariner facility in upstate New York to AI and cloud provider Core42. The move, announced on December 23, aims to complement its Bitcoin mining business and create a new revenue stream amid rising mining costs and increased …
Bitcoin Miner TeraWulf Expands Into AI Hosting as Costs Climb Read More »
Crypto.com Launches Custody Service for US Institutions and High-Net-Worth Clients
Crypto.com has launched a cryptocurrency custody service, Crypto.com Custody Trust Company, tailored for US-based institutions and high-net-worth individuals, marking a key step in its expansion into the US market. Announced on December 23, this chartered trust will securely manage digital assets, with holdings of US and Canadian customers transitioning to the platform in the coming …
Crypto.com Launches Custody Service for US Institutions and High-Net-Worth Clients Read More »
Metaplanet Acquires $60 Million in Bitcoin During Market Dip
Japanese investment firm Metaplanet has made its largest Bitcoin purchase to date, acquiring 619.7 BTC worth nearly $60 million as the cryptocurrency trades below $100,000. This December 23 acquisition nearly quadruples its previous record buy of 159.7 BTC in October and brings the firm’s total Bitcoin holdings to 1,762 BTC, valued at approximately $168 million …
Metaplanet Acquires $60 Million in Bitcoin During Market Dip Read More »
MicroStrategy Adds Former Binance.US CEO Brian Brooks to Its Board
Michael Saylor’s MicroStrategy has expanded its board with three new members, including former Binance.US CEO Brian Brooks, marking a strategic move coinciding with the company’s inclusion in the Nasdaq 100 Index. Joining Brooks are Jane Dietze, also a Galaxy Digital board member, and Gregg Winiarski, the legal head at Fanatics Holdings. The appointments, disclosed in …
MicroStrategy Adds Former Binance.US CEO Brian Brooks to Its Board Read More »
El Salvador Buys 11 BTC After Securing $1.4 Billion IMF Loan
El Salvador has purchased 11 Bitcoin worth approximately $1 million, just a day after securing a $1.4 billion financing deal with the International Monetary Fund (IMF). This acquisition, confirmed by the National Bitcoin Office on December 19, increases the country’s Bitcoin reserves to 5,980.77 BTC, valued at roughly $580 million at current prices. The purchase …
El Salvador Buys 11 BTC After Securing $1.4 Billion IMF Loan Read More »
Bitfinex Hacker Opens Up About Crime, Seeks to Clear Wife’s Name
Ilya Lichtenstein, the hacker behind the 2016 Bitfinex breach, issued a public apology following his sentencing to five years in prison, taking full responsibility for the massive cryptocurrency theft. In a social media video, Lichtenstein confessed to planning and executing the heist alone, urging others not to blame his wife, Heather Morgan, for the hack. …
Bitfinex Hacker Opens Up About Crime, Seeks to Clear Wife’s Name Read More »
Trump-Backed World Liberty Teams Up with Ethena Labs to Power Stablecoin Adoption
Ethena Labs, a decentralized finance (DeFi) protocol, has partnered with Trump-backed World Liberty Financial to enhance stablecoin liquidity and user rewards. Announced on December 18, the collaboration integrates Ethena’s staked synthetic dollar, sUSDe, with World Liberty Financial’s Aave instance. This allows users to earn dual rewards in both sUSDe and World Liberty Financial’s native WLF …
Trump-Backed World Liberty Teams Up with Ethena Labs to Power Stablecoin Adoption Read More »
Synthetix Rolls Out Multi-Collateral Perps on Base Amid Overhaul
Synthetix, a leading Decentralized Finance (DeFi) protocol, has launched multi-collateral perpetual futures (perps) trading on Coinbase’s Base, an Ethereum Layer 2 (L2) scaling solution. This upgrade, announced on December 18, enables traders to use various tokens, such as Coinbase Wrapped Bitcoin (cbBTC) and Wrapped Ether (cbETH), as collateral for perpetual futures, expanding margin and hedging …
Synthetix Rolls Out Multi-Collateral Perps on Base Amid Overhaul Read More »
Massive Crypto Fraud Network Exposed: 792 Arrested in Nigeria
Nigerian authorities have arrested 792 individuals linked to cryptocurrency scams in a raid on a Lagos building, the Economic and Financial Crimes Commission (EFCC) announced. The suspects allegedly targeted victims, primarily from the U.S. and Europe, through fraudulent romantic offers to lure them into investing in fake crypto schemes. EFCC spokesperson Wilson Uwujaren explained that …
Massive Crypto Fraud Network Exposed: 792 Arrested in Nigeria Read More »
BVNK Targets Trillion-Dollar Stablecoin Opportunity With $50M Raise
BVNK, a stablecoin infrastructure company, has secured $50 million in Series B funding led by Haun Ventures to expand into the U.S. market. Key participants include Coinbase Ventures, Scribble Ventures, and Tiger Global. With a valuation of $750 million, BVNK plans to establish operations in San Francisco and New York City by 2025, building local …
BVNK Targets Trillion-Dollar Stablecoin Opportunity With $50M Raise Read More »
Ethena’s USDtb Stablecoin Rockets to $65M TVL on Day 1 – Backed by BlackRock
Ethena Labs’ new stablecoin, USDtb, launched on December 16, achieving an impressive $65.4 million in total value locked (TVL) within its first 24 hours. Backed primarily by BlackRock’s USD Institutional Digital Liquidity Fund(90%) and supplemented with stablecoins like USDC(10%), USDtb aims to provide liquidity and stability, especially during market downtimes. The stablecoin mirrors traditional models …
Ethena’s USDtb Stablecoin Rockets to $65M TVL on Day 1 – Backed by BlackRock Read More »
Crypto Wallet Pioneer Exodus to Uplist to NYSE American After SEC Nod
Exodus Movement (EXOD), a cryptocurrency wallet company, has received approval to list its shares on the NYSE American, an affiliate of the New York Stock Exchange, under the ticker EXOD starting December 18. This marks a significant step forward after the U.S. Securities and Exchange Commission (SEC) delayed the company’s initial plan to list in …
Crypto Wallet Pioneer Exodus to Uplist to NYSE American After SEC Nod Read More »
Trump’s DeFi Platform Makes Headlines with $45M in Token Purchases
World Liberty Financial, a DeFi platform linked to President-elect Donald Trump, is nearing $45 million in cryptocurrency purchases for December. Recent acquisitions include $30 million in Ether (ETH), $10 million in Coinbase Wrapped BTC (cbBTC), and $250,000 in Ondo (ONDO), along with smaller purchases of tokens like Chainlink (LINK) and Aave (AAVE). Despite these significant …
Trump’s DeFi Platform Makes Headlines with $45M in Token Purchases Read More »
Coinbase Faces Monopoly Claims After Dropping Wrapped Bitcoin
Coinbase is facing a $1 billion lawsuit filed by BiT Global Digital, accusing the exchange of anticompetitive behavior following its decision to delist Wrapped Bitcoin (wBTC) in November. The lawsuit, filed in California under the Sherman Act, alleges that Coinbase removed wBTC to promote its own Bitcoin-based alternative, Coinbase BTC (cbBTC), a token designed for …
Coinbase Faces Monopoly Claims After Dropping Wrapped Bitcoin Read More »
Texas Proposes Bill to Create State Bitcoin Reserve
A Texas lawmaker, Representative Giovanni Capriglione, has proposed the “Texas Strategic Bitcoin Reserve Act,” a draft bill to integrate Bitcoin (BTC) into the state’s treasury as a reserve asset for at least five years. Introduced on December 12, the bill seeks to establish a Bitcoin reserve through voluntary donations from Texas residents, businesses, and other …
Texas Proposes Bill to Create State Bitcoin Reserve Read More »
Grayscale Introduces Lido and Optimism Investment Trusts
Grayscale Investments has launched two new funds focused on Lido (LDO) and Optimism (OP) tokens, further diversifying its range of single-asset crypto investment products. Announced on December 12, these funds target Ethereum’s largest liquid staking protocol, Lido, and the prominent layer-2 scaling solution, Optimism. The initiative aims to provide institutional investors exposure to projects enhancing …
Grayscale Introduces Lido and Optimism Investment Trusts Read More »
Kraken Australia Hit with $5M Fine Over Margin Trading Breach
An Australian court has fined Bit Trade, the operator of Kraken Australia, 8 million Australian dollars (approximately $5.1 million) for financial regulation breaches. The Federal Court found Bit Trade guilty of failing to comply with design and distribution obligations (DDO) and operating as a credit facility without a license. Justice John Nicholas issued the ruling …
Kraken Australia Hit with $5M Fine Over Margin Trading Breach Read More »
Ex-Ava Labs Developer Launches ‘Commonware’ for Unrestricted Crypto Programming
Patrick O’Grady, previously with Ava Labs, has unveiled Commonware, a new framework in the crypto space designed to serve as a collection of primitives or basic building blocks for blockchain development. Commonware has secured $9 million in funding from Haun Ventures and Dragonfly to support its mission of providing developers with a more flexible toolkit. …
Ex-Ava Labs Developer Launches ‘Commonware’ for Unrestricted Crypto Programming Read More »
“Bitcoin Jesus” Roger Ver Claims U.S. Is Politically Targeting Him
Roger Ver, nicknamed “Bitcoin Jesus” for his early cryptocurrency advocacy, is challenging U.S. Department of Justice (DOJ) charges of tax evasion, mail fraud, and filing false tax returns. Arrested in Spain and facing possible extradition, Ver denies wrongdoing, asserting he was not a U.S. citizen or resident when the alleged offenses occurred. Prosecutors accuse him …
“Bitcoin Jesus” Roger Ver Claims U.S. Is Politically Targeting Him Read More »
Ripple CEO Teases RLUSD Launch After Securing NY Approval
Ripple Labs CEO Brad Garlinghouse announced that the New York Department of Financial Services (NYDFS) has approved the RLUSD stablecoin, with launch details and partner listings expected soon. RLUSD, introduced in April, aims to rival Tether’s USDT and Circle’s USDC in the USD-pegged stablecoin market. Ripple projects a $2 trillion market capitalization for RLUSD by …
Ripple CEO Teases RLUSD Launch After Securing NY Approval Read More »
Coinbase Selling Frenzy Triggers $1.6B Bitcoin Liquidation Shock
The cryptocurrency market faced a dramatic $1.6 billion liquidation event, the largest since 2021, driven by aggressive Bitcoin sell-offs on Coinbase. This triggered a cascade of forced liquidations, particularly affecting overleveraged positions. Bitcoin’s price dropped sharply, closing an inefficiency gap with a 96% probability, and Ethereum saw significant losses as well. Altcoins, including XRP, experienced …
Coinbase Selling Frenzy Triggers $1.6B Bitcoin Liquidation Shock Read More »
Ripple CEO Slams 60 Minutes for Skipping Landmark XRP Ruling
Ripple CEO Brad Garlinghouse criticized 60 Minutes for omitting a key legal ruling in the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple during a segment on cryptocurrency’s role in the 2024 U.S. elections. The segment, led by journalist Margaret Brennan, focused on Ripple’s contributions to the pro-crypto political action committee Fairshake and debates …
Ripple CEO Slams 60 Minutes for Skipping Landmark XRP Ruling Read More »
Radiant Capital Links $50M Hack to North Korean Cyber Group
A North Korean-affiliated hacking group, identified as “UNC4736” or “Citrine Sleet,” orchestrated a $50 million cyberattack on DeFi platform Radiant Capital in October 2023, the company revealed. The attackers, linked to North Korea’s Reconnaissance General Bureau (RGB), used advanced social engineering to breach the platform. Posing as a trusted former contractor, the hackers contacted a …
Radiant Capital Links $50M Hack to North Korean Cyber Group Read More »
El Salvador’s Bitcoin Stash Rockets to $300M in Profits
El Salvador’s unrealized Bitcoin gains have exceeded $300 million as Bitcoin’s price surged past $100,000, marking a historic milestone. President Nayib Bukele celebrated the achievement by revealing the nation’s Bitcoin portfolio, which has grown significantly since Bitcoin was adopted as legal tender on September 7, 2021. The country has invested approximately $270 million in Bitcoin, …
El Salvador’s Bitcoin Stash Rockets to $300M in Profits Read More »
Crypto Community Slams Financial Times Over Bitcoin ‘Cope-Pology’
The Financial Times’ FT Alphaville sparked controversy with a sarcastic “apology” to Bitcoin enthusiasts after the cryptocurrency reached $100,000 on December 5. Bryce Elder, FT Alphaville’s city editor, published an op-ed expressing faux regret for the outlet’s critical stance since 2011, when Bitcoin was valued at $15.90. Elder’s tone mocked those who avoided investing due …
Crypto Community Slams Financial Times Over Bitcoin ‘Cope-Pology’ Read More »
Anchorage Digital Makes History with Liquid Ether Staking
Anchorage Digital has become the first federally chartered U.S. bank to support liquid Ether (ETH) staking, marking a significant milestone in institutional crypto services. Announced on December 5, the bank now offers Liquid Staked ETH (LsETH) through the Liquid Collective platform, enabling institutions like venture capital firms and wealth managers to stake ETH via Anchorage …
Anchorage Digital Makes History with Liquid Ether Staking Read More »
Bitcoin Shatters $100K Barrier in Game-Changing Crypto Rally
Bitcoin reached a historic milestone on December 5, surpassing $100,000 for the first time. The cryptocurrency peaked at $104,000, continuing its remarkable 2024 rally driven by market dynamics, institutional interest, and political developments. Key factors behind Bitcoin’s rise include $31 billion in net inflows into U.S. spot Bitcoin ETFs and a reduced supply following April’s …
Bitcoin Shatters $100K Barrier in Game-Changing Crypto Rally Read More »
Binance.US Lists PEPE as Memecoins Gain Traction in the Crypto Market
Binance.US has added the popular memecoin PEPE to its platform, allowing trading against Tether (USDT) starting December 5, 2023. This move highlights the increasing focus on memecoins among U.S.-based cryptocurrency exchanges. PEPE has garnered significant attention, driven by strong social media and community backing, and holds a market capitalization nearing $9 billion as of December …
Binance.US Lists PEPE as Memecoins Gain Traction in the Crypto Market Read More »
Hydra Darknet Creator and 15 Accomplices Jailed in Russia
Stanislav Moiseev, founder of the Hydra darknet marketplace, has been sentenced to life imprisonment by a Russian court for operating a criminal enterprise and distributing illegal drugs. Hydra, which facilitated over $5 billion in cryptocurrency transactions between 2015 and 2022, was one of the largest platforms of its kind, accounting for 80% of darknet-related cryptocurrency …
Hydra Darknet Creator and 15 Accomplices Jailed in Russia Read More »
Crypto Market Sees Recovery After South Korea Ends Martial Law
The cryptocurrency market rebounded after South Korean President Yoon Suk Yeol lifted martial law just six hours after declaring it. The reversal occurred during a Cabinet meeting following a decisive parliamentary vote, with 190 of 300 lawmakers rejecting the measure. Under South Korean law, martial law must be revoked if parliament opposes it. President Yoon …
Crypto Market Sees Recovery After South Korea Ends Martial Law Read More »
German Fintech 21X Secures License for Regulated Tokenized Exchange
German fintech company 21X has secured regulatory approval from BaFin, Germany’s financial regulator, to launch a blockchain-based trading and settlement platform under the EU’s Distributed Ledger Technology (DLT) Pilot Regime. The platform, set to debut in Q1 2025, will facilitate the tokenization, issuance, trading, and settlement of tokenized financial instruments, marking a significant advancement in …
German Fintech 21X Secures License for Regulated Tokenized Exchange Read More »
XRP Could Reach $6.60 by 2025, Analyst Says, Thanks to Strong Whale and Retail Support
XRP has seen significant price movement and accumulation recently, with both whales and retail investors accumulating over $1.6 billion in tokens in the past month. The altcoin recorded a 297% rise in November 2024, its highest monthly return since December 2017, closing at $1.95—a seven-year high. The current surge has caught analysts’ attention, with Jacob …
XRP Could Reach $6.60 by 2025, Analyst Says, Thanks to Strong Whale and Retail Support Read More »
Michael Saylor Says Bitcoin Could Add $5 Trillion to Microsoft’s Market Cap
Michael Saylor, executive chairman of MicroStrategy and prominent Bitcoin advocate, proposed an ambitious strategy to Microsoft’s board, suggesting the tech giant could add nearly $5 trillion to its market cap by embracing Bitcoin. In a brief but intense presentation featuring 44 slides, Saylor advocated for Microsoft to reorient its financial strategy by converting cash flows, …
Michael Saylor Says Bitcoin Could Add $5 Trillion to Microsoft’s Market Cap Read More »
Meta’s Stablecoin Failed Due to Political Interference, Says Former Leader
David Marcus, former co-creator of Meta’s blockchain payments project Diem (initially Libra), asserts the initiative was terminated due to intense political pressure from U.S. regulators. In a post on Nov. 30, Marcus described Diem’s demise as a politically driven act involving intimidation of banking partners, rather than a legal or regulatory failure. Launched in 2019, …
Meta’s Stablecoin Failed Due to Political Interference, Says Former Leader Read More »
Metaplanet to Buy 652 More Bitcoin as Yen Weakens, $62M Funding Plan Unveiled
Japanese investment firm Metaplanet plans to raise $62 million (9.5 billion yen) through a stock acquisition initiative to expand its Bitcoin holdings. Currently holding 1,142 Bitcoin, valued at over $109 million, the firm will issue 29,000 stock acquisition rights to EVO Fund, a Cayman Islands-based investment manager. Proceeds will primarily fund Bitcoin purchases, aligning with …
Metaplanet to Buy 652 More Bitcoin as Yen Weakens, $62M Funding Plan Unveiled Read More »
Binance UK Faces Legal Fire as Ex-Employee Alleges Bribery and Dismissal
A former senior employee of Binance’s UK arm, Amrita Srivastava, has filed a lawsuit alleging unfair dismissal and bribery within the organization. Srivastava, who worked at Binance from 2022 to 2023, claims her dismissal followed her reporting of a colleague soliciting bribes from a customer under the pretext of “consultative services.” Her employment was terminated …
Binance UK Faces Legal Fire as Ex-Employee Alleges Bribery and Dismissal Read More »
XT.com Freezes Withdrawals After $1.7M ‘Abnormal Transfer’ Incident
XT.com, a cryptocurrency exchange handling $3.4 billion in daily trading, temporarily suspended withdrawals on November 28, citing “wallet upgrade and maintenance.” The move followed reports from blockchain security firm PeckShield of a suspected hack involving $1.7 million in assets. XT.com acknowledged an “abnormal transfer” in its platform wallet but did not confirm the hack, assuring …
XT.com Freezes Withdrawals After $1.7M ‘Abnormal Transfer’ Incident Read More »
Vancouver’s Mayor Wants Bitcoin in the City’s Treasury
Vancouver’s Mayor Ken Sim has proposed incorporating Bitcoin into the city’s financial strategy, aiming to position Vancouver as a “Bitcoin-friendly” hub. Announced on November 26, the plan involves potentially holding Bitcoin as a reserve asset to diversify the city’s financial resources. Sim submitted a notice of motion titled “Preserving the City’s Purchasing Power Through Diversification …
Vancouver’s Mayor Wants Bitcoin in the City’s Treasury Read More »
Tornado Cash Surges After Court Declares OFAC Exceeded Authority
Tornado Cash users secured a significant legal victory as the U.S. Fifth Circuit Appeals Court ruled on November 26 that the Treasury Department’s Office of Foreign Assets Control (OFAC) overstepped its authority in sanctioning Tornado Cash’s immutable smart contracts. The court determined that these smart contracts—self-executing lines of privacy-focused software code—are not property under the …
Tornado Cash Surges After Court Declares OFAC Exceeded Authority Read More »
DOGE Takes Center Stage as Valour Launches First-Ever ETP
Crypto investment firm Valour has launched the world’s first exchange-traded product (ETP) for Dogecoin (DOGE) on Sweden’s Spotlight Stock Market. Announced on November 26 by its parent company, DeFi Technologies, the DOGE ETP provides retail and institutional investors with a regulated and straightforward way to gain exposure to the popular memecoin. Valour’s head of Nordics, …
DOGE Takes Center Stage as Valour Launches First-Ever ETP Read More »
Tron Founder Justin Sun’s $30M Gamble on Trump’s Crypto Dream
Justin Sun, founder of the Tron blockchain, has invested $30 million in Donald Trump’s crypto initiative, World Liberty Financial (WLFI), becoming its largest investor. This marks a significant boost for WLFI, which had struggled since its mid-October launch, raising only $20 million of its $300 million goal before Sun’s involvement. WLFI tokens, priced at $0.015, …
Tron Founder Justin Sun’s $30M Gamble on Trump’s Crypto Dream Read More »
Asset Manager WisdomTree Files for XRP ETF in Delaware
WisdomTree, a New York-based asset management firm, has filed an application in Delaware to launch an exchange-traded fund (ETF) for XRP, signaling its intention to seek U.S. Securities and Exchange Commission (SEC) approval. This move positions WisdomTree alongside other firms such as Bitwise, Canary Capital, and 21Shares, which have also submitted XRP ETF applications. However, …
Asset Manager WisdomTree Files for XRP ETF in Delaware Read More »
Fresh Speculation Links Satoshi Nakamoto to the 2010 Bitcoin Wallet Movements
A recent analysis by BTCparser has introduced a theory suggesting Bitcoin’s creator, Satoshi Nakamoto, might have been cashing out holdings from 2010 Bitcoin (BTC) wallets since 2019. These wallets, known as the “2010 Megawhale,” each held 50 BTC and remained untouched until their first movement in November 2019. Researchers speculate that Satoshi could be behind …
Fresh Speculation Links Satoshi Nakamoto to the 2010 Bitcoin Wallet Movements Read More »
Trump Picks Scott Bessent, Crypto Supporter, to Lead Treasury Department
President-elect Donald Trump has named Scott Bessent, a prominent cryptocurrency advocate, as his pick for Treasury Secretary. If confirmed, Bessent’s appointment would bring a strong pro-digital asset stance to the U.S. Treasury. Currently leading the investment firm Key Square Group, Bessent is a seasoned finance professional, known for his role in George Soros’ legendary 1992 …
Trump Picks Scott Bessent, Crypto Supporter, to Lead Treasury Department Read More »
Bitwise Joins the Race for U.S. Solana ETF Approval
Bitwise Asset Management, a leading crypto-investments firm, has filed with the U.S. Securities and Exchange Commission (SEC) to launch a Solana (SOL) exchange-traded fund (ETF), joining three other contenders in the race. This marks Bitwise’s latest move to expand its ETF offerings, having already introduced ETFs for Bitcoin and Ethereum. The company, managing $5 billion …
Bitwise Joins the Race for U.S. Solana ETF Approval Read More »
Incoming Charles Schwab CEO Confirms Plans for Direct Crypto Services
Charles Schwab is preparing to offer direct cryptocurrency investments to its clients, signaling a significant expansion into the crypto market. Incoming CEO Rick Wurster, set to assume his role on January 1, 2025, shared the firm’s plans, expressing optimism about upcoming regulatory clarity. Currently, Schwab enables its clients to engage in crypto through exchange-traded funds …
Incoming Charles Schwab CEO Confirms Plans for Direct Crypto Services Read More »
Justin Sun Spends $6.2M on Banana Artwork and Plans to Eat It
Justin Sun, founder of Tron, has purchased Comedian by Maurizio Cattelan, a $6.2 million artwork consisting of a banana duct-taped to a wall. Announcing his acquisition on social media, Sun called it a “cultural phenomenon” that bridges art, memes, and the cryptocurrency community. He plans to eat the banana as part of an artistic experience. …
Justin Sun Spends $6.2M on Banana Artwork and Plans to Eat It Read More »
FTX Co-Founder Gary Wang Avoids Additional Prison Time
Gary Wang, co-founder of FTX, was sentenced to time served, three years of probation, and asset forfeiture in a New York court on November 20, 2023. This concludes the sentencing of five executives implicated in the cryptocurrency exchange’s 2022 collapse. Wang, who pleaded guilty to fraud in December 2022, had cooperated extensively with prosecutors, a …
FTX Co-Founder Gary Wang Avoids Additional Prison Time Read More »
Michael Saylor to Pitch Bitcoin Strategy to Microsoft’s Board
MicroStrategy Chairman Michael Saylor, a prominent Bitcoin advocate, is set to deliver a three-minute presentation to Microsoft’s board of directors advocating for Bitcoin investment. The presentation follows a proposal submitted by the National Center for Public Policy Research (NCPPR) urging Microsoft to evaluate Bitcoin as an asset. Despite initially proposing a private meeting with Microsoft …
Michael Saylor to Pitch Bitcoin Strategy to Microsoft’s Board Read More »
PayPal Expands Stablecoin Capabilities via Xoom to Enable 24/7 Cross-Border Payments
PayPal is utilizing Xoom, its global money transfer service, to expand cross-border payments using its stablecoin, PayPal USD (PYUSD). This initiative focuses on increasing PYUSD accessibility in Asia and Africa by working with local partners such as Cebuana Lhuillier and Yellow Card. The integration allows PayPal’s disbursement partners to settle transactions outside traditional banking hours, …
PayPal Expands Stablecoin Capabilities via Xoom to Enable 24/7 Cross-Border Payments Read More »
Trump Media Group Reportedly Closing in on Bakkt Acquisition Deal
Trump Media and Technology Group (TMTG), the parent company of Truth Social, is reportedly finalizing an all-stock deal to acquire Bakkt, a struggling cryptocurrency platform, according to the Financial Times. TMTG, valued at $6 billion despite minimal revenue, aims to integrate Bakkt into its portfolio. Meanwhile, Bakkt, originally launched by Intercontinental Exchange (ICE) for bitcoin …
Trump Media Group Reportedly Closing in on Bakkt Acquisition Deal Read More »
Report: Goldman Sachs Plans New Blockchain Venture
Goldman Sachs is set to spin off its cryptocurrency platform, creating a new company focused on blockchain-based financial instruments, Bloomberg reported on Nov. 18. Mathew McDermott, Goldman’s global head of digital assets, confirmed the plans, targeting a 12-18 month timeline pending regulatory approval. Collaboration is key, with Tradeweb Markets, an electronic trading platform, cited as …
Report: Goldman Sachs Plans New Blockchain Venture Read More »
Australians Get Stock and Forex Access on Crypto.com After Major Fintek Deal
Crypto.com has expanded its financial offerings in Australia by acquiring Fintek Securities, a regulated brokerage firm. This acquisition provides Crypto.com with an Australian Financial Services Licence (AFSL), enabling it to offer equities, derivatives, and forex trading. Fintek’s regulation by the Australian Securities and Investments Commission (ASIC) ensures compliance with local financial laws. This move allows …
Australians Get Stock and Forex Access on Crypto.com After Major Fintek Deal Read More »
Senator Lummis Proposes Using U.S. Gold Reserves to Build a Bitcoin Reserve
Wyoming Senator Cynthia Lummis has proposed that the U.S. Treasury convert a portion of its gold reserves into Bitcoin, establishing a strategic Bitcoin reserve. The U.S. currently holds over 8,000 tons of gold, and Lummis suggests that converting gold certificates to Bitcoin could maintain balance sheet neutrality while avoiding the need to spend an estimated …
Senator Lummis Proposes Using U.S. Gold Reserves to Build a Bitcoin Reserve Read More »
Bitfinex Hacker Ilya Lichtenstein Gets Five Years in Prison
Ilya Lichtenstein has been sentenced to five years in prison for laundering nearly 120,000 bitcoin stolen from Bitfinex in 2016, according to the U.S. Department of Justice. Lichtenstein, 35, hacked Bitfinex using advanced techniques, executing over 2,000 unauthorized transactions to transfer 119,754 bitcoin to his wallet. To cover his tracks, he deleted logs and credentials …
Bitfinex Hacker Ilya Lichtenstein Gets Five Years in Prison Read More »
Tether Launches ‘Hadron’ for Tokenizing Financial Assets and Commodities
Tether has launched “Hadron,” a platform for real-world asset tokenization, aimed at enabling businesses, asset managers, and governments to issue digital tokens linked to traditional financial assets such as stocks, bonds, and loyalty points. Hadron incorporates stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure secure transactions. Tether CEO Paolo Ardoino emphasized …
Tether Launches ‘Hadron’ for Tokenizing Financial Assets and Commodities Read More »
Crypto Influencer Found Dead Months After Montreal Abduction Amid Investigation
Kevin Mirshahi, a prominent crypto influencer who had been missing since June, was found dead on October 30 in Montreal’s Île-de-la-Visitation park. He had been abducted on June 21 along with three others, who were later located alive, while Mirshahi remained missing until recently. In August, Joanie Lepage was charged with his murder and abduction, …
Crypto Influencer Found Dead Months After Montreal Abduction Amid Investigation Read More »
Will Trump Keep His Promise to Free Silk Road’s Ross Ulbricht? Here’s What We Know
Ross Ulbricht, founder of the Silk Road online marketplace, has appealed to President-elect Donald Trump for a commutation of his life sentence without parole. Convicted in 2015 for charges including money laundering, computer hacking, and conspiracy to traffic narcotics, Ulbricht was sentenced after the FBI dismantled Silk Road in 2013, citing its role in facilitating …
Will Trump Keep His Promise to Free Silk Road’s Ross Ulbricht? Here’s What We Know Read More »
Bitwise Launches Europe’s First Staking ETP for Aptos Investors
Bitwise has launched the first-ever Aptos (APT) staking exchange-traded product (ETP) in Europe, allowing investors access to staked Aptos tokens through the SIX Swiss Exchange starting November 19. This ETP, known as the Bitwise Aptos Staking ETP (APTB), is physically backed and offers a net return of about 4.7%, which will be reinvested within the …
Bitwise Launches Europe’s First Staking ETP for Aptos Investors Read More »
Sam Bankman-Fried’s Rise and Fall to Be Featured in New Hollywood Film
Apple Studios and A24 are adapting Michael Lewis’s book Going Infinite: The Rise and Fall of a New Tycoon into a film about former FTX CEO Sam Bankman-Fried. The book, released in October 2023 as Bankman-Fried’s criminal trial began, has sparked debate over its portrayal of his role in the cryptocurrency industry. While praised by …
Sam Bankman-Fried’s Rise and Fall to Be Featured in New Hollywood Film Read More »
Chinese Chip Giant Nano Labs Accepts Bitcoin, Sending Shares Higher
China-based crypto mining chipmaker Nano Labs announced it will begin accepting Bitcoin as a payment option through a Coinbase business account, sparking a modest 2.81% increase in its Nasdaq-listed shares. The Hangzhou-based company framed this decision as a move towards “embracing the latest in financial technology,” citing a growing demand for digital transactions within the …
Chinese Chip Giant Nano Labs Accepts Bitcoin, Sending Shares Higher Read More »
MicroStrategy’s Bitcoin Holdings Hit Record $23B Following $2B Buy-In
MicroStrategy has expanded its Bitcoin holdings to 279,420 BTC, now worth nearly $23 billion. The company, led by executive chairman Michael Saylor, disclosed on November 11 that it bought an additional 27,200 BTC between October 31 and November 10, investing about $2.03 billion in cash at an average price of $74,463 per Bitcoin. This purchase …
MicroStrategy’s Bitcoin Holdings Hit Record $23B Following $2B Buy-In Read More »
FTX Estate Sues Binance and CZ Over Alleged $1.76 Billion Fraudulent Transfer
The FTX bankruptcy estate has filed a $1.8 billion lawsuit against Binance and its former CEO, Changpeng “CZ” Zhao, as part of its efforts to reclaim funds. Filed on November 10, the suit alleges that a 2021 deal where FTX co-founder Sam Bankman-Fried repurchased Binance’s 20% stake in FTX International and 18.4% stake in FTX …
FTX Estate Sues Binance and CZ Over Alleged $1.76 Billion Fraudulent Transfer Read More »
FTX Estate Sues Anthony Scaramucci and SkyBridge Capital Over $100M Deal
The FTX bankruptcy estate has filed a lawsuit against Anthony Scaramucci’s firm, SkyBridge Capital, seeking to recover over $100 million in investments and sponsorships tied to former FTX CEO Sam Bankman-Fried. This action follows significant financial commitments made by FTX and its affiliate, Alameda Research, to SkyBridge and related ventures before FTX’s collapse. These include …
FTX Estate Sues Anthony Scaramucci and SkyBridge Capital Over $100M Deal Read More »
California Officially Revokes BlockFi’s License Amid Bankruptcy Aftermath
BlockFi, a bankrupt crypto lender, has agreed to a settlement with the California Department of Financial Protection and Innovation (DFPI), resulting in the permanent revocation of its lending license and a commitment to halt unsafe practices. The DFPI’s action follows a November 2022 investigation that initially suspended BlockFi’s license due to violations of the California …
California Officially Revokes BlockFi’s License Amid Bankruptcy Aftermath Read More »
Coinbase Launches cbBTC on Solana, Aiming to Restore DeFi Momentum
Coinbase’s launch of cbBTC, a Bitcoin-backed token on Solana, aims to fill a gap left by the collapse of FTX nearly two years ago, which heavily impacted Solana’s decentralized finance (DeFi) ecosystem. Designed to simplify Bitcoin transfers on the Solana blockchain, cbBTC brings BTC functionality to Solana, potentially revitalizing DeFi activities by providing an easy …
Coinbase Launches cbBTC on Solana, Aiming to Restore DeFi Momentum Read More »
JPMorgan Rebrands Onyx to Kinexys, Adds 24/7 FX Settlement for USD and EUR
JPMorgan has rebranded its blockchain platform Onyx as Kinexys, strengthening its focus on tokenization and blockchain-based payments. The bank plans to launch an on-chain foreign exchange (FX) settlement service in early 2025, enabling automated, 24/7 multicurrency transactions, initially in U.S. dollars and euros, with future currency expansions. Umar Farooq, co-head of JPMorgan Payments, emphasized the …
JPMorgan Rebrands Onyx to Kinexys, Adds 24/7 FX Settlement for USD and EUR Read More »
WazirX Founder Announces Decentralized Exchange and Staking Services
Nischal Shetty, founder of India’s major crypto exchange WazirX, announced plans to launch a decentralized exchange (DEX) and new staking services. This initiative comes after a July 2024 hack that led to a $235 million loss in user funds, raising concerns about security in centralized exchanges. The planned DEX aims to give users complete control over …
WazirX Founder Announces Decentralized Exchange and Staking Services Read More »
Trump’s Win Prompts Coinbase Exec to Call for SEC Shift from Lawsuits to Innovation
Coinbase’s Chief Legal Officer, Paul Grewal, is urging the U.S. Securities and Exchange Commission (SEC) to prioritize crypto innovation over legal confrontations, amid Donald Trump’s recent election and his pledge to dismiss SEC Chair Gary Gensler. Grewal advocates for a regulatory approach based on dialogue and support for innovation, expressing concern over the SEC’s frequent …
Trump’s Win Prompts Coinbase Exec to Call for SEC Shift from Lawsuits to Innovation Read More »
VanEck Launches PYTH-Backed ETN on Euronext in Europe
VanEck has launched an exchange-traded note (ETN) in Europe that tracks the Pyth Network’s native token, PYTH, allowing investors across 15 European countries to gain exposure to PYTH’s performance. The ETN is listed on Euronext Amsterdam and Paris, broadening access to decentralized finance (DeFi) infrastructure. The Pyth Network is a decentralized oracle protocol that connects …
VanEck Launches PYTH-Backed ETN on Euronext in Europe Read More »
Listing Fee Scandal? Coinbase Faces $300M Allegation from Tron Founder Justin Sun
Rumors of high listing fees by major cryptocurrency exchanges are sparking concerns within the crypto community. Justin Sun, the founder of Tron, claimed that Coinbase requested a staggering $330 million to list TRX, Tron’s token, on its platform. Sun alleged that this amount included a $250 million Bitcoin deposit to be held in Coinbase Custody and …
Listing Fee Scandal? Coinbase Faces $300M Allegation from Tron Founder Justin Sun Read More »
Curve Finance and TON Join Forces to Find the Next DeFi Leaders
The TON blockchain is set to make 2025 a breakthrough year for decentralized finance (DeFi), partnering with Curve Finance to fuel early innovation. Together, they’re fostering foundational DeFi “primitives” on TON, such as lending, liquidity staking, and Constant Product Market Maker protocols, with an aim to create cross-chain bridges to major networks like Bitcoin (BTC) …
Curve Finance and TON Join Forces to Find the Next DeFi Leaders Read More »
Wiz Khalifa’s X Account Hacked to Promote Fake “WIZ” Memecoin
Rapper Wiz Khalifa’s X account was hacked on November 3, leading to a scam promoting a fake memecoin called “WIZ” to his 35.7 million followers. Hackers falsely claimed Khalifa was launching $WIZ for crypto enthusiasts, misleading his audience. The fraudulent WIZ token, launched on the Solana-based platform pump.fun, initially surged to a $3.4 million valuation in 15 …
Wiz Khalifa’s X Account Hacked to Promote Fake “WIZ” Memecoin Read More »
Binance Co-Founder Denies Token Requirement for Listings, Details Fee Policy
Binance co-founder Yi He has addressed allegations by Moonrock Capital’s CEO, who claimed that Binance requires 15% of a project’s token supply for listing on the exchange. Yi He refuted this, clarifying that Binance neither requires payment in token supply nor sets a fixed listing fee. Instead, since 2018, Binance’s policy has mandated transparent fees, …
Binance Co-Founder Denies Token Requirement for Listings, Details Fee Policy Read More »
SEC Targets Immutable: IMX Token Drops 13% After Wells Notice
Immutable, a web3 gaming company, revealed it received a Wells Notice from the U.S. SEC, possibly signaling future legal action over its IMX token sales from 2021. This news caused the IMX token price to drop 13%, now trading at $1.16 as of writing this. Immutable suspects the SEC’s focus may be on IMX’s initial …
SEC Targets Immutable: IMX Token Drops 13% After Wells Notice Read More »
Tether’s 2024 Profits Soar to $7.7B After Record $2.5B Q3
Tether, a leading stablecoin company, reported a record-breaking $2.5 billion profit in Q3 2024, pushing its yearly earnings to $7.7 billion. Its financial success stems from high demand for its USDt stablecoin, substantial U.S. Treasury bond holdings, and increased market activity. USDt circulation has risen nearly 30% this year, with $120 billion in circulation by …
Tether’s 2024 Profits Soar to $7.7B After Record $2.5B Q3 Read More »
U.S. Treasury Panel Backs Tokenization, Raises Red Flags Over Stablecoins Like Tether
The Treasury Borrowing Advisory Committee, a Wall Street group advising the U.S. Treasury on debt management, recently assessed tokenization’s impact on financial markets. They highlighted tokenization’s potential to improve transparency, streamline settlement processes, and reduce failure risks, especially in the substantial U.S. Treasuries market. However, the committee recommended implementing a “permissioned blockchain” managed by trusted …
U.S. Treasury Panel Backs Tokenization, Raises Red Flags Over Stablecoins Like Tether Read More »
Polymarket Faces Scrutiny for Alleged Wash Trading Linked to Airdrop Farming
A recent Fortune report highlights that about one-third of trading on Polymarket, a decentralized prediction market platform, may involve wash trading—a tactic where traders act as both buyer and seller to inflate volume. This practice, typically illegal in traditional finance due to its potential to misrepresent asset demand and value, appears to be driven by …
Polymarket Faces Scrutiny for Alleged Wash Trading Linked to Airdrop Farming Read More »
Florida Financial Chief Eyes Bitcoin as State Pension Hedge
Florida’s Chief Financial Officer and Fire Marshal, Jimmy Patronis, has expressed support for incorporating Bitcoin into the state’s retirement funds, citing it as a potential hedge against traditional asset volatility. In a letter dated October 29, Patronis urged Chris Spencer, executive director of the Florida State Board of Administration (SBA), to assess the feasibility, risks, …
Florida Financial Chief Eyes Bitcoin as State Pension Hedge Read More »
President Biden Shows Appreciation to Nigeria for Releasing Binance Compliance Chief
U.S. President Joe Biden recently expressed gratitude to Nigerian President Bola Tinubu for the humanitarian release of Tigran Gambaryan, a senior Binance executive, who had been detained in Nigeria for eight months. Gambaryan, a former IRS special agent and Binance’s head of financial crime compliance, was arrested alongside his colleague Nadeem Anjarwalla in February while …
President Biden Shows Appreciation to Nigeria for Releasing Binance Compliance Chief Read More »
Coinbase CEO Says New SEC Chair Should Own Up to Crypto ‘Damage’
Coinbase CEO Brian Armstrong has called for an apology from the next SEC chair, criticizing the agency’s current stance on cryptocurrency as harmful to the industry. Armstrong shared a list of examples on October 29, highlighting the SEC’s conflicting messages, particularly regarding assets like Bitcoin and the regulation of crypto exchanges. He claims this inconsistency …
Coinbase CEO Says New SEC Chair Should Own Up to Crypto ‘Damage’ Read More »
Election Betting Platform Kalshi to Accept USDC Deposits Ahead of 2024 Election
Election betting platform Kalshi has announced it will allow USD Coin (USDC) deposits, aiming to attract users seeking crypto payment options as the November elections approach. Using ZeroHash for payment management, Kalshi enters a competitive market dominated by crypto-native Polymarket, which currently holds a significant lead. This move follows an October court ruling allowing Kalshi to …
Election Betting Platform Kalshi to Accept USDC Deposits Ahead of 2024 Election Read More »
Metaplanet Becomes Asia’s Second-Largest Corporate Bitcoin Holder After Latest Purchase
Japanese investment firm Metaplanet has become Asia’s second-largest corporate Bitcoin holder, acquiring an additional 156.78 BTC to reach a total of 1,018.17 BTC, valued at around $68 million. With an average purchase price of $61,629 per Bitcoin, this move aligns with Metaplanet’s strategy to use Bitcoin as its primary reserve asset amid economic pressures in …
Metaplanet Becomes Asia’s Second-Largest Corporate Bitcoin Holder After Latest Purchase Read More »
Bybit to Pay $228 Million in FTX Bankruptcy Settlement
The FTX bankruptcy estate reached a $228 million settlement with Bybit, resolving a lawsuit aimed at recovering funds to repay former customers and creditors. As part of the settlement, FTX will reclaim $175 million in digital assets held on Bybit and sell $53 million in BIT tokens to Mirana Corp, a Bybit affiliate. Although FTX’s …
Bybit to Pay $228 Million in FTX Bankruptcy Settlement Read More »
Ripple’s New Appeal Seeks to Invalidate SEC’s Institutional Sales Ruling on XRP
Ripple Labs is intensifying its legal fight with the U.S. Securities and Exchange Commission (SEC) by filing an appeal in the U.S. Court of Appeals for the Second Circuit, challenging the SEC’s ruling on XRP’s classification in institutional sales. Ripple’s appeal, led by chief legal officer Stuart Alderoty, disputes the SEC’s application of the Howey …
Ripple’s New Appeal Seeks to Invalidate SEC’s Institutional Sales Ruling on XRP Read More »
U.S. Government Crypto Wallets Breached, $20M Stolen from Seized Bitfinex Funds
On October 24, a hacker successfully breached a cryptocurrency wallet believed to be managed by the U.S. government. The wallet contained funds originally seized in connection with the 2016 Bitfinex hack and was drained of approximately $20 million in digital assets. The stolen funds were transferred to a wallet starting with “0x348” and included various …
U.S. Government Crypto Wallets Breached, $20M Stolen from Seized Bitfinex Funds Read More »
Stolen $52M Vanishes into Ethereum After Radiant Capital Exploit
A hacker responsible for the breach of Radiant Capital has moved $52 million in stolen cryptocurrency to the Ethereum network, following the attack on Oct. 16. Blockchain security firm PeckShield reported that the hacker transferred approximately 20,500 ETH from layer-2 networks Arbitrum and Binance’s BNB Chain to Ethereum, likely in an attempt to obscure the …
Stolen $52M Vanishes into Ethereum After Radiant Capital Exploit Read More »
$17M Laundered by Chinese OTC Trader for Lazarus Group’s Cyber Attacks
A Chinese over-the-counter (OTC) trader, Yicong Wang, has reportedly laundered over $17 million in stolen cryptocurrency for North Korea’s notorious Lazarus Group, which is responsible for multiple major crypto heists. According to blockchain analyst ZachXBT, Wang converted the stolen digital assets into cash via bank transfers, facilitating the group’s operations. The revelation followed the freezing …
$17M Laundered by Chinese OTC Trader for Lazarus Group’s Cyber Attacks Read More »
Tesla Maintains $780M in Bitcoin After Large Transfers, Says Arkham
Tesla recently transferred its Bitcoin holdings, sparking concerns of a potential market sell-off, but blockchain analytics firm Arkham Intelligence suggests that the company still controls these assets. Tesla moved 11,509 Bitcoin, valued at approximately $780 million, into seven separate wallets on October 15, with no indication of a sell-off. The transfers were labeled as “wallet …
Tesla Maintains $780M in Bitcoin After Large Transfers, Says Arkham Read More »
Buenos Aires Launches Blockchain IDs for 3.6M Residents
Buenos Aires has introduced blockchain-based digital identities (DIDs) for residents through its miBA platform, powered by the ZKsync Era protocol, which uses zero-knowledge cryptography for enhanced security and privacy. Since October 1, 2023, over 3.6 million users have received decentralized digital IDs via the QuarkID wallet, developed by Web3 company Extrimian. This initiative gives residents …
Buenos Aires Launches Blockchain IDs for 3.6M Residents Read More »
Chainlink Rolls Out Privacy-Focused Blockchain Transactions with ANZ Bank as Early Partner
Chainlink, a decentralized blockchain oracle network, launched new privacy tools to enhance financial transactions on blockchain platforms. These features, announced on October 22, include the Blockchain Privacy Manager and CCIP Private Transactions. They aim to help institutions securely conduct cross-chain settlements while maintaining data privacy. ANZ Bank will be among the first to use Chainlink’s …
Transak Hit by Phishing Attack, Personal Data of 92K Users Exposed
Transak, a crypto on-ramp provider, disclosed a data breach that exposed the personal information of over 92,000 users, about 1.14% of its user base. The breach resulted from a phishing attack on an employee’s laptop, allowing an attacker to access credentials and infiltrate a third-party Know Your Customer (KYC) system. Compromised data includes names, birth dates, …
Transak Hit by Phishing Attack, Personal Data of 92K Users Exposed Read More »
Tapioca DAO Offers $1M Bounty After $4.7M Hack
Tapioca DAO, a DeFi protocol, recently experienced a $4.7 million hack, primarily through social engineering. The attack exploited Tapioca’s vesting contract, allowing the hacker to steal 591 Ether (ETH) and $2.8 million in USD Coin (USDC). Tapioca’s co-founder, “Rektora,” was reportedly phished during an interview, enabling the attacker to access critical contracts. In response, Tapioca …
Andrew Tate’s Memecoin Picks Crumble, Leaving Investors in the Red
Memecoins endorsed by Andrew Tate and other celebrities have seen massive value crashes, sparking concerns of market manipulation. Tate, a controversial social media figure, endorsed over 10 Solana-based memecoins in June, with many losing up to 99% of their value. For example, $GER (Germany Token) saw a 99% drop within two months. These tokens, often …
Andrew Tate’s Memecoin Picks Crumble, Leaving Investors in the Red Read More »
Solana Welcomes Bitcoin Staking with Solv’s Latest Innovation
Solv Protocol has launched a new Bitcoin staking token, SolvBTC.JUP, on the Solana blockchain, offering BTC holders higher yield opportunities as decentralized finance (DeFi) and Bitcoin’s layer-2 (L2) ecosystems expand. Announced on October 17, SolvBTC.JUP is a liquid staking derivative (LSD) that generates BTC-denominated yield through transaction fees on Jupiter Exchange, a leading Solana decentralized …
Solana Welcomes Bitcoin Staking with Solv’s Latest Innovation Read More »
Payments Giant Stripe in Talks to Acquire Stablecoin Provider Bridge
Stablecoins have surpassed Bitcoin as a store of value in inflation-hit developing countries, and Stripe is reportedly in talks to acquire the stablecoin platform Bridge. While the deal is not finalized, this move aligns with Stripe’s renewed interest in digital assets after a six-year pause in cryptocurrency services. Earlier in 2024, Stripe re-entered the crypto …
Payments Giant Stripe in Talks to Acquire Stablecoin Provider Bridge Read More »
Thailand’s Oldest Bank Introduces Stablecoin Payments for Global Remittances
Siam Commercial Bank (SCB), Thailand’s oldest bank, has launched a stablecoin-based remittance service in collaboration with fintech company Lightnet. This service allows clients to send and receive cross-border payments 24/7, with reduced transaction fees, making it particularly appealing for recipients of remittances from stronger currencies. Lightnet’s CEO emphasized that stablecoins offer financial inclusion by lowering …
Thailand’s Oldest Bank Introduces Stablecoin Payments for Global Remittances Read More »
Forcount Ponzi Scheme Mastermind Juan Tacuri Hit with 20-Year Prison Sentence
Juan Tacuri, a key promoter of the Forcount Ponzi scheme, was sentenced to 20 years in prison for defrauding investors of $8.4 million. U.S. prosecutors revealed that Tacuri, along with co-conspirators, targeted victims worldwide, especially Spanish-speaking communities, through false claims of cryptocurrency investments. The scheme, later rebranded as Weltsys, promised high returns from fake crypto …
Forcount Ponzi Scheme Mastermind Juan Tacuri Hit with 20-Year Prison Sentence Read More »
Trump-Backed Crypto Platform Crashes, Token Sale Fizzles at $10M
World Liberty Financial’s token sale, backed by Donald Trump, has fallen short of expectations, selling only 3.4% of its $300 million target. The sale launched on October 15, offering 20 billion WLFI tokens at 1.5 cents each. However, just 687 million tokens, worth $10.3 million, were sold after 14 hours, well below the projected outcome. …
Trump-Backed Crypto Platform Crashes, Token Sale Fizzles at $10M Read More »
Tesla Sends $765M Bitcoin to Unknown Wallets—But Why?
On October 15, Tesla transferred its entire Bitcoin holdings, valued at over $765 million, to several unidentified wallets. Data from Arkham Intelligence showed that Tesla moved nearly all of its 11,500 Bitcoin in 26 transactions, following a series of test transfers. This sudden activity is notable because Tesla’s Bitcoin wallet had been inactive since June …
Tesla Sends $765M Bitcoin to Unknown Wallets—But Why? Read More »
Metaplanet Stock Surges 16% After Aggressive Bitcoin Accumulation
Metaplanet’s stock has surged by 480% since revealing its Bitcoin investment strategy in April. The company has spent approximately $53.2 million on 855 Bitcoin, seeing a 5.4% gain in its Bitcoin investment value. In October, Metaplanet made several Bitcoin purchases, acquiring 109 BTC on October 11 and 108.8 BTC on October 7. Earlier in the …
Metaplanet Stock Surges 16% After Aggressive Bitcoin Accumulation Read More »
Tether May Soon Lend Billions to Commodity Traders
Tether Holdings Ltd, the issuer of the USDt stablecoin, is considering lending to commodities trading firms to utilize its growing profits, according to a Bloomberg report on October 14. The company is in talks with traders about offering U.S. dollar-denominated loans, though no official decision has been made. This move is part of Tether’s broader …
Tether May Soon Lend Billions to Commodity Traders Read More »
Australia’s First Spot Ether ETF to Begin Trading After Bitcoin ETF Success
Monochrome, an Australian crypto investment firm, is set to launch Australia’s first spot ether (ETH) exchange-traded fund (ETF) on Tuesday, following its successful spot Bitcoin ETF debut in August. The Monochrome Ethereum ETF (IETH) will begin trading at 10:00 a.m. local time, offering investors the option for both in-kind and cash redemptions, allowing purchases and …
Australia’s First Spot Ether ETF to Begin Trading After Bitcoin ETF Success Read More »
From FTX to Prison: Ryan Salame Begins 7.5-Year Sentence
Ryan Salame, a former executive at FTX, began his 90-month prison sentence on October 11, 2024, at FCI Cumberland, Maryland. He was sentenced for his involvement in the 2022 collapse of FTX, pleading guilty to operating an unlicensed money-transmitting business and campaign finance violations in 2023. Salame had attempted to delay his sentence start due …
From FTX to Prison: Ryan Salame Begins 7.5-Year Sentence Read More »
Stripe’s USDC Payments See Explosive Demand in 70 Nations on Day 1
Stripe has launched support for USD Coin (USDC) payments, signaling a significant move in global crypto adoption. On its first day, users from 70 countries embraced the new stablecoin payment option, highlighting the growing demand for alternative digital transactions. Although Stripe initially supported Bitcoin payments in 2014, it halted them in 2018 due to slow …
Stripe’s USDC Payments See Explosive Demand in 70 Nations on Day 1 Read More »
$2B Crypto Trading Scandal: SEC Takes Action Against Cumberland DRW
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Cumberland DRW, accusing the company of conducting over $2 billion in unregistered crypto transactions since 2018. The SEC claims Cumberland acted as an unregistered securities dealer by trading tokens, such as Polygon (MATIC), Solana (SOL), Cosmos (ATOM), Algorand (ALGO), and Filecoin (FIL), all …
$2B Crypto Trading Scandal: SEC Takes Action Against Cumberland DRW Read More »
Ripple Launches Game-Changing Crypto Custody Service for Financial Institutions
Ripple has expanded its services beyond payment settlements by launching Ripple Custody, a digital asset custody solution for banks and fintech companies. Announced on October 10, this platform integrates with Ripple’s existing blockchain infrastructure, including the XRP Ledger, and offers compliance tools such as Anti-Money Laundering (AML) monitoring. Ripple Custody provides a secure way for …
Ripple Launches Game-Changing Crypto Custody Service for Financial Institutions Read More »
Ethereum Out, Avalanche In: Littio Makes the Switch as Yield Pot Popularity Surges
Colombian neobank Littio is transitioning its Yield Pots platform from Ethereum (ETH) to Avalanche (AVAX) to scale operations and meet growing demand for products tied to U.S. Treasury bills. Littio cited Avalanche’s lower transaction fees and reliable performance as key factors. Yield Pots, launched earlier this year, allow users to earn interest on U.S. dollar …
Ethereum Out, Avalanche In: Littio Makes the Switch as Yield Pot Popularity Surges Read More »
FTX Settlement: Caroline Ellison to Give Up Almost All of Her Assets
Caroline Ellison, former CEO of Alameda Research, has agreed to a settlement with FTX, requiring her to forfeit nearly all her remaining assets. A motion filed on October 7 seeks court approval for the settlement, which would leave Ellison with no assets except personal belongings. In return, she will cooperate with ongoing investigations and legal …
FTX Settlement: Caroline Ellison to Give Up Almost All of Her Assets Read More »
Palau Partners with Soramitsu to Launch Blockchain Savings Bonds
Palau has introduced Palau Invest, a blockchain-based system for issuing savings bonds to fund local infrastructure projects. Developed with support from Japan’s Ministry of Economy, Trade, and Industry and the blockchain platform Soramitsu, the initiative aims to raise funds for critical infrastructure like housing, roads, and SME development. Before being made available to the public, …
Palau Partners with Soramitsu to Launch Blockchain Savings Bonds Read More »
Marathon Digital Faces Lawsuit Over ‘Nuisance’ Noise from Texas Bitcoin Mine
A group of Granbury, Texas, residents has filed a lawsuit against Marathon Digital, alleging excessive noise from its nearby Bitcoin mining facility. Over two dozen residents claim the noise and vibrations from the cryptomining operation cause significant disturbances, including health issues such as fatigue, headaches, memory loss, and worsened pre-existing conditions like high blood pressure. …
Marathon Digital Faces Lawsuit Over ‘Nuisance’ Noise from Texas Bitcoin Mine Read More »
FTX Bankruptcy Plan Approved, Majority of Creditors to Receive Full Cash Repayments
A Delaware judge has approved FTX’s bankruptcy plan, allowing most customers to recover more than what they lost when the crypto exchange collapsed in 2022. Creditors overwhelmingly supported the plan, with about 96% voting in favor. Customers can expect to receive around 118% of their holdings’ value at the time of FTX’s bankruptcy, with some …
FTX Bankruptcy Plan Approved, Majority of Creditors to Receive Full Cash Repayments Read More »
Crypto.com and 21.co Join Forces to Transform Bitcoin Liquidity Across Ethereum and Solana
Crypto.com has partnered with 21.co, the parent company of 21Shares, to enhance Bitcoin liquidity for users of 21BTC, particularly benefiting both retail and institutional clients. Announced on October 7, this collaboration will initially focus on expanding liquidity across the Ethereum and Solana ecosystems, helping clients put their Bitcoin to work on these networks. Crypto.com, known …
Tether Marks 10 Years with USDT Documentary Highlighting Inflation Fight
Tether, the issuer of the USDT stablecoin, is celebrating its 10th anniversary by releasing a documentary that highlights how USDT has helped users in countries like Turkey, Brazil, and Argentina combat inflation. The documentary teaser features interviews with users, including one from Brazil who noted that Tether facilitates 90% of the country’s daily transactions. In …
Tether Marks 10 Years with USDT Documentary Highlighting Inflation Fight Read More »
Polymarket Predicts HBO Documentary Will Name Len Sassaman as Bitcoin’s Creator
An upcoming HBO documentary, directed by Cullen Hoback, claims to reveal the identity of Bitcoin’s mysterious creator, Satoshi Nakamoto. Bettors on Polymarket are betting heavily on Len Sassaman, a cryptographer who passed away in 2011, being named as Satoshi in the film. Sassaman, known for his work in privacy and cryptography, has been speculated as …
Polymarket Predicts HBO Documentary Will Name Len Sassaman as Bitcoin’s Creator Read More »
Grayscale Introduces Aave Trust for Qualified Investors
Grayscale Investments has launched a new investment fund focused on Aave’s governance token, AAVE, as of October 3. The Grayscale Aave Trust offers qualified investors direct exposure to AAVE, joining the firm’s expanding lineup of single-asset crypto investment products. This follows earlier launches of investment trusts for tokens like Sky, Bittensor, and Sui in August. …
Grayscale Introduces Aave Trust for Qualified Investors Read More »
SWIFT to Launch Global Digital Asset Trials with Banks in 2025
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is set to launch trials in 2025 involving banks from North America, Europe, and Asia to explore digital assets and currencies. The initiative aims to enable financial institutions to access multiple digital asset classes through a unified platform, focusing on payments, foreign exchange, securities, and trade. These trials …
SWIFT to Launch Global Digital Asset Trials with Banks in 2025 Read More »
Ripple XRP Under Fire Again: SEC Launches Appeal to Overturn Ruling
On October 2, 2024, the U.S. Securities and Exchange Commission (SEC) filed an appeal in the Ripple lawsuit, seeking to overturn a 2023 ruling by Judge Analisa Torres. The original ruling determined that secondary sales of Ripple’s XRP did not qualify as securities, as XRP did not meet all the criteria under the SEC’s Howey …
Ripple XRP Under Fire Again: SEC Launches Appeal to Overturn Ruling Read More »
Indiana Hacker Pleads Guilty to Stealing $37M in Cryptocurrency
Evan Frederick Light, an Indiana hacker, faces up to 20 years in prison for stealing over $37 million in cryptocurrency from nearly 600 victims. Light accessed the servers of an investment firm and used the stolen data to siphon cryptocurrencies, later attempting to obscure the theft through crypto mixers and gambling platforms. He pleaded guilty …
Indiana Hacker Pleads Guilty to Stealing $37M in Cryptocurrency Read More »
Robinhood Enables Crypto Transfers in European Expansion
Robinhood has launched cryptocurrency transfer services across the European Union, allowing users to deposit and withdraw over 20 digital assets, including bitcoin, ether, solana, and USD coin. This move is part of Robinhood’s broader expansion in Europe, following its initial launch in the EU in December. The introduction of crypto transfers comes as the European …
Robinhood Enables Crypto Transfers in European Expansion Read More »
Crypto Exchange Gemini to Shut Down Canadian Accounts by Year-End
Gemini, a crypto exchange founded by the Winklevoss twins, has announced the closure of all Canadian accounts by December 31, 2024, giving users 90 days to withdraw their assets. This decision follows recent regulatory changes by the Canadian Securities Administrators (CSA), which introduced stricter rules for crypto exchanges. One key rule requires platforms to sign …
Crypto Exchange Gemini to Shut Down Canadian Accounts by Year-End Read More »
Australia’s ANZ Bank Takes Bold Step into RWA Tokenization with Project Guardian
Australia and New Zealand Banking Group (ANZ) has joined Singapore’s Project Guardian, an initiative launched by the Monetary Authority of Singapore in 2022, to explore tokenizing real-world assets (RWAs) within financial markets. ANZ, one of Australia’s largest banks, is working with blockchain oracle provider Chainlink Labs and investment firm ADDX to examine how assets like commercial …
Australia’s ANZ Bank Takes Bold Step into RWA Tokenization with Project Guardian Read More »
Trump’s Crypto Remarks Spur China’s Former Finance Minister to Call for Action
China’s former finance minister, Zhu Guangyao, has urged Beijing to increase scrutiny of cryptocurrency markets, especially in light of recent remarks by U.S. Republican candidate Donald Trump. Speaking at a summit, Zhu emphasized the risks that crypto poses to capital markets, urging the government to carefully study its potential impact. He acknowledged the global importance of …
Trump’s Crypto Remarks Spur China’s Former Finance Minister to Call for Action Read More »
FTX Creditors Won’t See Payments on September 30, Here’s Why
Rumors about FTX starting reimbursement payments to creditors on September 30, 2024, are false, as the bankruptcy plan has not yet been approved. A court hearing to finalize the restructuring plan is scheduled for October 7, 2024, with Judge John T. Dorsey presiding. If approved, smaller claimants (under $50,000) may receive payments by late 2024, …
FTX Creditors Won’t See Payments on September 30, Here’s Why Read More »
Web3 Just Got Bigger: Bitget’s OmniConnect Brings Multichain Support to Telegram
Bitget Wallet has introduced OmniConnect, a software development kit (SDK) aimed at integrating Telegram Mini Apps into the broader Web3 ecosystem. This new toolkit allows developers to connect Telegram Mini Apps with multiple blockchain networks, including The Open Network (TON), Solana, and Ethereum Virtual Machine (EVM)-compatible chains. Previously, these Mini Apps were limited to TON, …
Web3 Just Got Bigger: Bitget’s OmniConnect Brings Multichain Support to Telegram Read More »
Fintech Giants Robinhood and Revolut Consider Jumping Into Stablecoins Amid Market Buzz
Robinhood and Revolut are reportedly considering entering the stablecoin market as digital currencies grow and new European regulations emerge. These fintech companies are exploring stablecoin issuance, driven by the European Union’s Markets in Crypto-Assets (MiCA) regulation, which seeks to standardize the crypto industry with clearer guidelines for reserve requirements and transaction limits. However, Robinhood clarified …
Fintech Giants Robinhood and Revolut Consider Jumping Into Stablecoins Amid Market Buzz Read More »
Ethena Labs Partners with BlackRock for New UStb Stablecoin Launch
Ethena Labs has announced the launch of a new stablecoin, UStb (USTB), in partnership with BlackRock and Securitize. UStb will be backed by BlackRock’s tokenized USD Institutional Digital Liquidity Fund (BUIDL), maintaining a stable value of $1 per token. This new stablecoin will exist alongside Ethena’s synthetic stablecoin, USDe (USDE), which was introduced earlier in …
Ethena Labs Partners with BlackRock for New UStb Stablecoin Launch Read More »
Terraform Labs Warns of October 30 Shutdown Amid Bankruptcy
Terraform Labs has announced the potential closure of several key products and services by October 30 unless third parties step in to take over operations. The company, which is winding down after a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC) in June, revealed ongoing but slow negotiations in a recent update. …
Terraform Labs Warns of October 30 Shutdown Amid Bankruptcy Read More »
Banana Gun Bot Hit by $3M Hack, Promises Full User Reimbursement
Banana Gun, a cryptocurrency trading bot on Telegram, suffered a $3 million loss due to a vulnerability exploited by 11 attackers. Initially, it was thought that 36 users lost $2 million in Ether (ETH), but further investigation confirmed 11 users were affected, with total losses reaching $3 million. The platform temporarily disabled its Ethereum Virtual …
Banana Gun Bot Hit by $3M Hack, Promises Full User Reimbursement Read More »
SEC Slaps TrueCoin and TrustToken with Charges – Settlement Reached Over TrueUSD
The SEC has settled charges against TrueCoin and TrustToken related to unregistered investment contracts linked to the TrueUSD (TUSD) stablecoin. From November 2020 to April 2023, the companies allegedly misrepresented TUSD as fully backed by U.S. dollars, while the funds were invested in a high-risk overseas fund. By late 2022, they became aware of potential …
SEC Slaps TrueCoin and TrustToken with Charges – Settlement Reached Over TrueUSD Read More »
Sweden Cracks Down on Crypto Exchanges, Tying Them to Organized Crime
Swedish authorities have labeled certain cryptocurrency exchanges as “professional money launderers” (PMLs), according to an investigation by the Police Authority and Financial Intelligence Unit (FIU). These unlicensed platforms are connected to organized crime and facilitate systematic money laundering. The FIU identified four types of PMLs: node, hawala, asset, and platform exchange providers. The report called …
Sweden Cracks Down on Crypto Exchanges, Tying Them to Organized Crime Read More »
Bitfarms and Riot Resolve Governance Dispute with Board Reshuffle
Bitfarms and Riot Platforms, two prominent Bitcoin mining firms, have settled a governance dispute that started when Riot, a major Bitfarms shareholder, proposed a $950 million buyout in May 2024. After Bitfarms rejected the offer, Riot increased its stake and sought board changes, leading to tension between the companies. A “poison pill” defense was adopted …
Bitfarms and Riot Resolve Governance Dispute with Board Reshuffle Read More »
Crypto Firms in Australia Brace for New Financial Licensing Requirements
Australian regulators are set to expand financial services licensing requirements for cryptocurrency firms, moving beyond current regulations for digital currency exchanges. Alan Kirkland, Commissioner of the Australian Securities and Investments Commission (ASIC), announced that these new rules are necessary because the Corporations Act already covers major cryptocurrencies like Bitcoin and Ether. During the AFR Crypto …
Crypto Firms in Australia Brace for New Financial Licensing Requirements Read More »
Ethereum Investor Turns $151M into $214M in Two Years
An Ethereum investor made a remarkable $131.7 million profit by holding onto their Ether (ETH) for two years, demonstrating the benefits of a long-term “diamond hands” strategy. The investor bought 96,639 ETH in September 2022, when the price was around $1,567, totaling $151.42 million. By March 2024, with Ethereum’s price rising to $3,062, the investor …
Ethereum Investor Turns $151M into $214M in Two Years Read More »
Hackers Hijack India’s Supreme Court YouTube to Promote Ripple and XRP Fraud
In a recent cybersecurity attack, hackers seized control of the Supreme Court of India’s official YouTube channel, which has over 217,000 subscribers, to promote a Ripple and XRP cryptocurrency scam. The channel was rebranded on September 20, with cybercriminals broadcasting a fake livestream featuring a manipulated video of Ripple Labs CEO Brad Garlinghouse. The scammers …
Hackers Hijack India’s Supreme Court YouTube to Promote Ripple and XRP Fraud Read More »
Harvard Alumni and Students Launch Bitcoin-Based Project to Solve Debt Crisis
Harvard students and alumni have launched the “New Bretton Woods Project” to address the global debt crisis by creating Bitcoin-backed stablecoins. The initiative aims to build a stablecoin on the Bel2 network, a Bitcoin layer-2 solution, enabling users to control their Bitcoin while offering lending, borrowing, and stablecoin issuance opportunities. The project combines Bitcoin’s store-of-value …
Harvard Alumni and Students Launch Bitcoin-Based Project to Solve Debt Crisis Read More »
Solana Unveils Crypto Phone Seeker with Major Upgrades
Solana Labs’ phone division is set to release its second crypto phone, Seeker, in 2025, following the success of its first device, Saga. Announced at the Token 2049 conference, Seeker will offer significant hardware upgrades, including better battery life, camera, and a lighter design. It will feature an integrated crypto wallet and Solana’s Seed Vault …
Solana Unveils Crypto Phone Seeker with Major Upgrades Read More »
Ethena Labs Alerts Users of Domain Breach, Protocol Remains Secure
Ethena Labs experienced a front-end attack on September 18, 2024, after its domain registrar account was compromised. As a result, Ethena deactivated its site and advised users to avoid interacting with the platform or any impersonating sites until the issue is resolved. Despite the breach, the Ethena protocol remains secure, and no customer funds were …
Ethena Labs Alerts Users of Domain Breach, Protocol Remains Secure Read More »
Google Cloud Rolls Out Ethereum-Compatible Blockchain RPC Service
Google Cloud has launched a Blockchain Remote Procedure Call (RPC) service, making it easier for crypto developers to access blockchain data and improve decentralized application (DApp) performance. Initially compatible with Ethereum’s mainnet and testnet, the service will expand to support more blockchains. The service offers a free tier, allowing up to 100 calls per second …
Google Cloud Rolls Out Ethereum-Compatible Blockchain RPC Service Read More »
Binance Denies Ownership of WazirX, Pushes for Compensation After $230M Hack
Binance has denied responsibility for a $230 million hack on the Indian cryptocurrency exchange WazirX, rejecting claims that it should compensate affected users. The confusion stems from WazirX’s suggestion that Binance, allegedly controlling WazirX, should cover losses. Binance clarified on September 17 that although both platforms had discussed an acquisition, no deal was ever finalized …
Binance Denies Ownership of WazirX, Pushes for Compensation After $230M Hack Read More »
Bhutan Holds Over 13,000 BTC, Twice the Bitcoin of El Salvador, Says Arkham
Bhutan has become a key player in the cryptocurrency space, holding 13,029 BTC, valued at around $758 million, through its investment arm, Druk Holdings (DHI). This surpasses El Salvador’s 5,875 BTC, worth $331 million. Bhutan’s Bitcoin comes from mining operations powered by the country’s abundant hydroelectric resources, with a mining facility linked to the former …
Bhutan Holds Over 13,000 BTC, Twice the Bitcoin of El Salvador, Says Arkham Read More »
40+ Firms Join BIS in Ambitious Push for Tokenization in Global Payments
The Bank for International Settlements (BIS) launched Project Agorá in April, uniting seven major monetary authorities from the U.K., Japan, South Korea, Mexico, Switzerland, the U.S., and Europe. Over 40 financial institutions have joined the initiative, which explores how tokenization can improve wholesale cross-border payments. The project focuses on integrating tokenized commercial bank deposits with …
40+ Firms Join BIS in Ambitious Push for Tokenization in Global Payments Read More »
Delta Prime DeFi Platform Hacked, $6M in Stablecoins Stolen
Delta Prime, a decentralized finance (DeFi) platform, was recently hacked, resulting in the theft of over $6 million in stablecoins. Onchain security firm Cyvers first flagged the breach, initially reporting a loss of $4.5 million, which quickly escalated as attackers swapped stolen USDC for Ethereum. The total loss has since reached nearly $6 million, with …
Delta Prime DeFi Platform Hacked, $6M in Stablecoins Stolen Read More »
Circle Announces Headquarters Move to NYC Before 2025 IPO
Circle, the issuer of USDC, is relocating its headquarters to New York City ahead of its planned Initial Public Offering (IPO) in early 2025. The new headquarters will be in 1 World Trade Center, symbolizing Circle’s aim to integrate itself into the financial heart of Wall Street. CEO Jeremy Allaire announced the move as part …
Circle Announces Headquarters Move to NYC Before 2025 IPO Read More »
Kraken Slams SEC’s Crypto Allegations, Calls for Clarity in Laws
Kraken, a leading cryptocurrency exchange, has rejected allegations from the U.S. Securities and Exchange Commission (SEC) that it violated federal securities laws by offering unregistered securities. The SEC claims that certain digital assets on Kraken’s platform, such as Cardano (ADA), Algorand (ALGO), and Cosmos (ATOM), qualify as securities. Kraken firmly disputes this, stating that these …
Kraken Slams SEC’s Crypto Allegations, Calls for Clarity in Laws Read More »
Ex-FTX Exec Ryan Salame Risks Sanctions for Misleading Court in Plea Deal
Ryan Salame, a former FTX executive who pleaded guilty to campaign finance violations, faces potential sanctions after admitting he misled the court about the details of his plea agreement. Salame claimed that prosecutors had promised to drop any investigations into his partner, Michelle Bond, as part of the deal. However, during a recent hearing, federal …
Ex-FTX Exec Ryan Salame Risks Sanctions for Misleading Court in Plea Deal Read More »
Uniswap CEO Slams $20M Bribe Claims in Protocol Deployment Scandal
Uniswap CEO Hayden Adams has denied accusations that the protocol demanded payments from decentralized finance (DeFi) projects for deployment. On September 12, Adams addressed the rumors on X, clarifying that neither Uniswap Labs nor the Uniswap Foundation charges fees for protocol deployment, which is decided by governance votes based on the effort required for each blockchain. …
Uniswap CEO Slams $20M Bribe Claims in Protocol Deployment Scandal Read More »
CleanSpark Acquires 7 Mining Facilities in Tennessee, Targets 22% Hashrate Growth
CleanSpark, a U.S.-based Bitcoin mining company, is expanding its operations by acquiring seven mining facilities in Knoxville, Tennessee, from Exponential Digital for $27.5 million in cash. The deal is expected to increase CleanSpark’s hashrate by 22%, with the new sites adding 85 megawatts of power capacity and 5 exahashes per second (EH/s) to its operations. …
CleanSpark Acquires 7 Mining Facilities in Tennessee, Targets 22% Hashrate Growth Read More »
PayPal and Venmo Users Can Now Transfer Crypto with Ethereum Name Service
Venmo and PayPal now allow users to transfer cryptocurrency using Ethereum Name Service (ENS) names, simplifying the process by replacing complex wallet addresses with readable names like “yourname.eth.” This integration, announced on September 10, 2024, makes crypto transfers easier for over 270 million users across the U.S. by reducing errors and enhancing user experience. Khori …
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Nansen Acquires StakeWithUs to Expand Into Staking and Blockchain Validation
Nansen, a leading blockchain data analytics provider, has acquired StakeWithUs, a staking platform, to expand its services into crypto investments. The deal, reportedly costing over $1 million, marks Nansen’s first venture into staking, a process that allows users to lock tokens to validate blockchain transactions and earn rewards. StakeWithUs, supported by Singapore’s SGinnovate, offers staking …
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US, Canadian Crypto Investors to Recover Millions in GSB Group Settlement
A settlement has been reached between U.S. and Canadian regulators and GSB Group, a German company accused of running a multilevel marketing (MLM) scheme involving cryptocurrency and metaverse assets like Lydian.World. The settlement guarantees full compensation for U.S. and Canadian investors who suffered losses, with investors given 90 days to file claims. The deal was …
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Crypto CEO Resigns Following Gunpoint Theft of Company and Investor Funds
Nick Drakon, former CEO of crypto research platform Revelo Intel, resigned after being held at gunpoint and forced to transfer both personal and company funds. On September 5, Drakon revealed that he was targeted by a sophisticated criminal group focused on his crypto assets. During the robbery, the attackers threatened his wife and infant son, …
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Elon Musk’s DOGE Meme Stirs Rumors of Joining Trump’s Government
Elon Musk has hinted at a possible government role if former President Donald Trump wins the 2024 U.S. election. In a meme posted on X (formerly Twitter), Musk showed himself sitting behind a desk labeled “D.O.G.E.,” suggesting a “Department of Government Efficiency.” This fueled speculation about his future in politics, particularly after Trump announced plans …
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Rare Ape CryptoPunk Sells for $1.5M After 78% Value Drop
CryptoPunk #6915, one of only 24 Ape-themed NFTs, recently sold for $1.5 million (620 ETH) on September 5, 2024. This marks a sharp decline from earlier offers that reached as high as $6 million during the NFT market boom in March 2024. Despite its rare features—a cap, earring, and eye patch—the NFT’s value dropped by …
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Trump Vows U.S. Will Be Crypto Capital, with Musk Heading Efficiency Drive
In a speech at the Economic Club of New York, former President Donald Trump reaffirmed his plan to make the U.S. a global hub for cryptocurrency and Bitcoin if re-elected. He emphasized his intent to embrace future industries like digital assets, AI, and energy, focusing on reducing regulations to foster innovation. Trump also announced plans …
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Robinhood Reaches $3.9M Deal Over Crypto Withdrawal Issues
Robinhood Crypto LLC has agreed to a $3.9 million settlement with California’s Department of Justice over claims that it blocked customers from withdrawing cryptocurrency between 2018 and 2022. The settlement follows allegations that Robinhood’s crypto division allowed users to buy crypto but restricted them from withdrawing it, forcing customers to sell their assets back to the platform to access their funds. California Attorney …
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Ripple Freezes $125M Judgment — Is the SEC Planning to Fight Back?
Ripple Labs has requested a stay on a $125 million judgment in light of a possible appeal following an August 7 court ruling. While the SEC has not confirmed if it will appeal, Ripple’s lawyers suggested securing 111% of the judgment, approximately $139 million, in a bank account to delay the payment. The SEC agreed …
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Trader Turns $5K Into $670K on Ethervista Token Surge
A crypto trader made significant gains by purchasing Ethervista’s native token, VISTA, shortly after its August 31 launch. Investing $5,000 and securing 5% of the total supply, the trader strategically distributed tokens across seven wallets, selling them for over $670,000 in profit within two days. Ethervista, a decentralized exchange (DEX) and token minting platform on …
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Penpie DeFi Protocol Hacked for $27M
In September 2024, the decentralized finance (DeFi) protocol Penpie, built on Pendle’s platform, suffered a significant hack resulting in the loss of approximately $27 million in crypto assets. The attacker used Tornado Cash to fund their wallet before exploiting the protocol, stealing various assets, including staked Ether (ETH) and stablecoins. The stolen funds were quickly …
Ripple to Integrate Smart Contracts into XRP Ledger
Ripple is set to integrate smart contracts into the XRP Ledger (XRPL) ecosystem, aiming to expand its capabilities and attract developers. The smart contracts will initially be launched on the XRPL Ethereum Virtual Machine (EVM) sidechain, with plans to eventually bring them to the XRPL mainnet. Although no specific timeline has been provided, Ripple is …
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Qatar Unveils Digital Asset Framework to Boost Financial Sector
Qatar’s Financial Centre (QFC) has introduced a comprehensive regulatory framework for digital assets, aiming to enhance the country’s financial sector. This new regime covers key aspects of the digital asset ecosystem, including tokenization, legal recognition of property rights, custody arrangements, and smart contracts, aligning with international standards. The framework is part of Qatar’s broader digital …
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OKX Secures Singapore License and Names Ex-Regulator as CEO
OKX, a leading crypto exchange, has secured a Major Payment Institution (MPI) license from Singapore’s Monetary Authority (MAS), allowing it to offer unrestricted crypto trading and cross-border transfer services within Singapore. The license lifts the usual transaction limits for payment institutions, enabling OKX to expand its service capabilities significantly. Alongside this milestone, OKX Singapore has …
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Vitalik Buterin Denies Profiting from Recent Ether Sales
Ethereum co-founder Vitalik Buterin recently addressed allegations of profiting from Ether (ETH) sales, clarifying that these sales were made to support crypto projects and charitable causes rather than for personal gain. On August 30, a crypto community member accused Buterin of selling over $2 million worth of ETH, with an on-chain analysis showing 3,000 ETH …
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Stablecoin Payments Network Secures $58M in Bridge Funding: Report
Bridge, a crypto startup founded by former Square and Coinbase executives Zach Abrams and Sean Yu, has secured $40 million in a new funding round, raising its total capital to $58 million. Led by Sequoia and Ribbit, the funding aims to support Bridge’s vision of creating a global stablecoin-based payments network. The company focuses on …
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LibertyX and NCR Atleos Introduce Bitcoin-to-Cash Service Across 30 States
NCR Atleos and LibertyX have launched a new feature allowing users to convert Bitcoin (BTC) into cash at ATMs across 30 U.S. states. Customers can send BTC to a designated LibertyX address via an app, receive an access code, and withdraw U.S. dollars from participating ATMs. Initially available at a limited number of ATMs, the …
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Crypto.com Partners with Standard Chartered for Global Fiat Expansion
Crypto.com has partnered with Standard Chartered Bank to introduce fiat currency services, starting in the UAE, with plans to expand to over 90 countries. This collaboration enables users to deposit and withdrawUSD, EUR, and AED via the Crypto.com app. The partnership aims to enhance customer confidence through Standard Chartered’s global reputation. Initially launched in the …
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Binance CEO Slams Allegations of Freezing Palestinian Assets at Israel’s Request
Binance CEO Richard Teng has denied allegations that the cryptocurrency exchange froze all assets belonging to Palestinians, calling the claims “FUD” (fear, uncertainty, and doubt). The accusations were made by Ray Youssef, CEO of the bitcoin trading platform NoOnes, who suggested that the action was taken at the request of the Israeli armed forces. Teng …
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Bitfarms Acquires First U.S. Mega-Site, Expanding Mining Capacity
Bitfarms, a leading Bitcoin mining company, has acquired its first large-scale U.S. site in Sharon, Pennsylvania, significantly boosting its mining capacity. The site offers 120 megawatts (MW) of power, with 110 MW already secured. Bitfarms plans to activate 30 MW by year-end and expand to 120 MW by 2025. This acquisition is part of an …
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Binance CEO Urges Nigerian Authorities to Release Detained Executive
Tigran Gambaryan, a Binance executive, has been detained in Nigeria since February, leading to growing pressure for his release. Binance CEO Richard Teng and Gambaryan’s family are urging Nigerian authorities to release him on humanitarian grounds, citing severe health issues, including malaria, pneumonia, and deteriorating mental health. Gambaryan, who traveled to Nigeria for regulatory discussions, …
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SEC Charges Brothers in $60M Crypto Ponzi Scheme
The SEC has charged brothers Jonathan and Tanner Adam with running a $60 million cryptocurrency Ponzi scheme. They allegedly deceived over 80 investors by promoting a fake crypto trading bot that promised 13.5% monthly returns. The SEC claims the bot never existed, and the brothers instead used most of the $61.5 million raised for personal …
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Massive Cyberattack Hits French Government Sites Amid Durov Arrest Outcry
French authorities are facing criticism after the arrest of Telegram founder Pavel Durov, which coincided with cyberattacks on several government websites, including the Administrative Court of Paris and the French Health Department. These attacks, reportedly linked to a Russian hacker group, led to the disruption of critical websites. President Macron defended the arrest, emphasizing it …
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Telegram Affirms Adherence to EU Laws After Founder’s Detention
Telegram has declared its full compliance with European Union regulations following the arrest of its CEO, Pavel Durov, in France. The company emphasized that Durov has “nothing to hide” and that Telegram’s content moderation practices align with industry standards and the EU’s Digital Services Act. Durov’s arrest is reportedly linked to a criminal complaint regarding …
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Polygon Regains Discord After Hack, Warns Users of Potential Scams
Polygon’s community Discord channel was recently hacked, but the team swiftly regained control, advising users to avoid clicking on suspicious links. After the breach, Polygon disabled external bots and integrations to tighten security and is conducting a thorough review. The incident underscores the ongoing risks in online crypto communities, despite protective measures like two-factor authentication …
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Australian Securities Regulator Wins Case Over Kraken’s Margin Product
An Australian court ruled that Bit Trade Pty Ltd., Kraken’s local operator, breached regulatory requirements by offering a margin extension product to retail clients without completing a mandatory “target market determination” as required by the Corporations Act. The court found that Bit Trade violated Section 994B, which mandates issuers to define an appropriate market for …
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CluCoin Founder Faces 20 Years for Stealing $1.1M to Fund Gambling
Austin Michael Taylor, 40, of Miami, Florida, has pleaded guilty to wire fraud after admitting to stealing over $1 million from investors in his cryptocurrency project, CluCoin. Launched in 2021, CluCoin was initially promoted as a charitable initiative, but after its value and trading volume declined, Taylor diverted investor funds into his personal crypto wallets …
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Ex-FTX Exec Ryan Salame Accuses Government of Plea Deal Violation
Ryan Salame, a former FTX executive, claims that the government violated his plea deal by continuing to investigate Michelle Bond, CEO of fintech think tank ADAM and Salame’s partner. Salame’s attorneys argue that the plea agreement included a promise from federal prosecutors to stop investigating Bond, who is under scrutiny for alleged campaign finance violations …
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McDonald’s Instagram Hijacked: $700K Stolen in Grimace Token Fraud
On August 21, hackers took control of McDonald’s official Instagram account, using it to promote a fake memecoin named “Grimace,” based on the fast-food chain’s mascot. The scam led to over $700,000 in Solana being stolen as the hackers pushed the fraudulent token to McDonald’s 5.1 million followers. The Grimace token’s market cap surged to …
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El Salvador Rolls Out Bitcoin Certification Program for Government Staff
El Salvador’s government is launching a Bitcoin certification program to train 80,000 civil servants, focusing on strategic management and public policy. Led by the National Bitcoin Office (ONBTC), the initiative aims to further integrate Bitcoin into the country’s economy. The program, titled “Certification in Public Administration 1,” offers a 160-hour virtual course that employees can …
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German Regulator BaFin Shuts Down 13 Crypto ATMs
Germany’s Federal Financial Supervisory Authority (BaFin) has intensified its crackdown on unregistered crypto ATMs, seizing 13 machines across 35 locations. This operation, in collaboration with the Federal Criminal Police and Germany’s Bundesbank, targeted ATM operators who failed to comply with Section 32 of the Banking Act, which mandates registration for exchanging euros for cryptocurrencies. BaFin …
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Tether Mints $1 Billion USDT on Tron, Reaching 33 Billion in Yearly Issuance
Tether, the leading stablecoin issuer, minted an additional $1 billion USDT on the Tron network, bringing its total USDT minted this year to $33 billion. This includes $19 billion on Tron and $14 billion on Ethereum. The latest mint on Tron, like a previous $1 billion issuance on Ethereum, is intended to replenish Tether’s stablecoin …
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Bitwise Enters Europe, Acquires ETC Group and Nine Crypto ETPs
Bitwise has expanded into Europe by acquiring the London-based ETC Group, a crypto investment firm with over $1 billion in assets under management (AUM). This acquisition boosts Bitwise’s total AUM to more than $4.5 billion and adds nine European-listed crypto exchange-traded products (ETPs) to its portfolio, including Bitcoin, Ethereum, Solana, and XRP ETPs. The move …
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Tether Launches USDT on Aptos Blockchain to Cut Transaction Costs
Tether has launched its USDT stablecoin on the Aptos blockchain, aiming to enhance digital currency accessibility with ultra-low transaction fees. By integrating with Aptos, known for its scalability and speed, Tether seeks to offer economically viable transactions for various applications, from microtransactions to large-scale operations. This move aligns with Tether’s broader strategy to increase global …
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WazirX Restores $234M in Funds After Hack, But Withdrawals Still Uncertain
WazirX, an Indian cryptocurrency exchange, recently restored user balances nearly a month after a major hack resulted in the loss of $234 million from its Safe Multisig wallet. Despite the progress, users remain frustrated due to ongoing delays in withdrawing their funds, with no clear timeline provided. The exchange completed maintenance on August 16, reversing …
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Dubai Court Upholds Crypto as Legal Salary Payment
The Dubai Court of First Instance has validated salary payments made in cryptocurrency, marking a significant shift in the UAE’s legal stance. In a 2024 ruling, the court recognized that salaries paid in digital tokens, such as EcoWatt, are enforceable under employment contracts. This contrasts with a 2023 case where the court dismissed a similar …
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Schumer Pledges Year-End Push for U.S. Crypto Bill
At the Crypto4Harris town hall, Senate Majority Leader Chuck Schumer highlighted Democrats’ increasing engagement with the cryptocurrency industry. Schumer announced that Congress could pass a crypto bill by year-end, emphasizing the need for bipartisan support. This marks a shift for Democrats, who have historically shown limited involvement in crypto, with the Biden Administration mostly supporting …
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Marathon Digital Adds 4,144 BTC, Total Reserves Surpass 25K Bitcoin
Marathon Digital recently expanded its Bitcoin holdings by acquiring 4,144 BTC, valued at around $249 million, after raising $300 million through a senior note offering. This purchase aligns with CEO Fred Thiel’s “hodl strategy,” boosting Marathon’s total Bitcoin reserves to over 25,000 BTC. The company used proceeds from the note sales, which carry a 2.125% …
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Trump Organization Teases Upcoming Cryptocurrency Initiative, Eric Trump Confirms
The Trump Organization, led by Eric Trump, is planning to launch a cryptocurrency initiative, reflecting the Trump family’s growing interest in decentralized finance (DeFi). While specific details remain under wraps, Eric Trump hinted at potential ventures involving “digital real estate” and options for lending or borrowing within the crypto space. He emphasized the project’s equitable …
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Australia’s Regulator Slaps ASX with Lawsuit Over Misleading Blockchain Project Claims
Australia’s Securities and Investments Commission (ASIC) has filed a lawsuit against ASX Limited, Australia’s largest stock exchange, over misleading statements regarding its failed blockchain project intended to replace the CHESS system. ASIC alleges that ASX’s board and senior executives collectively failed by issuing deceptive claims about the project’s progress, despite its eventual cancellation in November …
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Ramaswamy Predicts Kamala Harris May Shift to Pro-Crypto Policies
Former 2024 presidential candidate Vivek Ramaswamy suggested that Kamala Harris could embrace the crypto sector as part of her campaign strategy. During an appearance on CNBC, Ramaswamy noted that Harris’ stance on digital assets might evolve to attract crypto voters, especially with Donald Trump bringing crypto into the political conversation. He challenged Harris to clarify …
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