Check Efe out on socials
About The Author
Efe Bravo stands out as a distinguished content creator with over six years of dedicated experience in the realms of cryptocurrency, blockchain, and NFTs. His journey into the blockchain and cryptocurrency industry has been marked by a profound commitment to bringing the latest news, insights, and analyses to a wide audience.
With a rich portfolio that spans across diverse topics within the crypto space, Efe has become known for his ability to distill complex concepts into accessible, informative content that caters to both newcomers and seasoned investors. His work reflects a passion for the transformative potential of digital currencies and blockchain technology, making him a vital voice for readers seeking to navigate the ever-evolving digital asset landscape.
Latest Articles by Efe
ZKsync Confirms Isolated Hack, $5M in Tokens Illegally Minted
On April 15, a hacker compromised a ZKsync admin account, minting $5 million worth of unclaimed airdrop tokens. The attacker accessed three airdrop distribution contracts and used a function called sweepUnclaimed() to mint 111 million ZK tokens, increasing the total supply by 0.45%. ZKsync confirmed that user funds, governance, and token contracts were not affected …
ZKsync Confirms Isolated Hack, $5M in Tokens Illegally Minted Read More »
Tether Just Took a Big Swing at Centralized Bitcoin Mining
Tether, the company behind the USDT stablecoin, has partnered with Ocean, a Bitcoin mining pool founded by core developer Luke Dashjr, to promote decentralization in Bitcoin mining. This move aims to reduce the concentration of block-building power currently dominated by large pools like Foundry USA, AntPool, and ViaBTC. Ocean uses open-source Datum software, which allows …
Tether Just Took a Big Swing at Centralized Bitcoin Mining Read More »
SEC Hits Pause on Grayscale’s Big Ethereum Staking Play
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on whether to allow Ether staking in two of Grayscale’s Ethereum exchange-traded funds (ETFs). The affected funds are the Grayscale Ethereum Trust ETF and the Grayscale Ethereum Mini Trust ETF. Originally submitted via a rule change proposal by the New York Stock Exchange (NYSE) …
SEC Hits Pause on Grayscale’s Big Ethereum Staking Play Read More »
OM Token Collapsed 90%—Mantra Says a Single Exchange Is Likely to Blame
On April 13, the OM token from blockchain platform Mantra crashed from $6.30 to below $0.50, wiping out over 90% of its $6 billion market cap within hours. Mantra co-founder John Mullin blamed the collapse on “reckless forced closures” by a centralized exchange, which he said occurred during low-liquidity hours, implying negligence or intentional manipulation. …
OM Token Collapsed 90%—Mantra Says a Single Exchange Is Likely to Blame Read More »
Saylor Confirms Strategy’s Continued Bitcoin Buying Despite Market Downturn
Strategy co-founder Michael Saylor has reaffirmed the company’s commitment to acquiring Bitcoin, resuming purchases after a brief two-week pause. On March 31, the firm acquired 22,048 BTC, bringing its total holdings to 528,185 BTC. This investment has appreciated by around 24%, translating to over $8.6 billion in unrealized gains, according to SaylorTracker. Despite Bitcoin briefly …
Saylor Confirms Strategy’s Continued Bitcoin Buying Despite Market Downturn Read More »
State-Level Bitcoin Reserve Proposals Gain Ground in New Hampshire and Florida
On April 10, Bitcoin reserve bills advanced in both New Hampshire and Florida, signaling growing interest in state-level cryptocurrency investments. In New Hampshire, the House passed bill HB302 with a narrow 192-179 vote. The bill would allow the state treasurer to invest up to 10% of eligible funds in precious metals and select digital assets. …
State-Level Bitcoin Reserve Proposals Gain Ground in New Hampshire and Florida Read More »
Ether ETF Staking Might Arrive Sooner Than Expected—Here’s What We Know
U.S. regulators have approved options trading for spot Ether ETFs, marking a potential step toward enabling staking features. This development follows similar approval for Bitcoin ETF options in 2024 and could significantly broaden trading strategies for investors. James Seyffart, a Bloomberg Intelligence analyst, suggests staking may be approved as early as May, even though the …
Ether ETF Staking Might Arrive Sooner Than Expected—Here’s What We Know Read More »
After Historic Hack, Bybit Rebounds to Pre-Attack Market Share
Bybit has regained over 7% of the crypto exchange market share following a massive $1.4 billion hack in February 2025. The breach, which occurred on February 21, was one of the largest in crypto history, resulting in the theft of digital assets including liquid-staked Ether (stETH) and Mantle Staked ETH (mETH). After the incident, Bybit’s …
After Historic Hack, Bybit Rebounds to Pre-Attack Market Share Read More »
Spot Dogecoin ETF in the Works as 21Shares Submits Filing
Crypto asset manager 21Shares has filed with the U.S. SEC to launch a spot Dogecoin ETF, aiming to track Dogecoin’s price and expand its presence in the growing market for cryptocurrency-backed financial products. The ETF would be supported by the Dogecoin Foundation’s corporate arm, House of Doge, for marketing, while Coinbase Custody is named as …
Spot Dogecoin ETF in the Works as 21Shares Submits Filing Read More »
$27M Mistake? Ethereum Whale Finally Sells After 900 Days
An Ethereum whale has sold 10,000 ETH after holding it for over 900 days, missing out on a potential $27.6 million profit. The investor initially bought the ETH in late 2022 for around $12.95 million at an average price of $1,295. Despite Ethereum peaking at $4,015 in December 2023, the whale did not sell, eventually …
$27M Mistake? Ethereum Whale Finally Sells After 900 Days Read More »
14 Tokens Face Delisting on Binance After Vote and Regulatory Review
Binance will delist 14 tokens on April 16 as part of a broader effort to raise listing standards and remove underperforming projects. This move follows the platform’s first-ever “vote to delist,” allowing the community to help identify tokens lacking strong fundamentals. The decision was based on criteria such as development activity, trading volume, liquidity, regulatory …
14 Tokens Face Delisting on Binance After Vote and Regulatory Review Read More »
Seasoned Investment Firm Rolls Out First U.S. XRP Fund With 2x Leverage
Teucrium Investment Advisors is launching the first-ever XRP exchange-traded fund (ETF) in the U.S., offering 2x leveraged exposure to the cryptocurrency. The fund, named XXRP, will begin trading on NYSE Arca and comes with a 1.85% management fee. Notably, this leveraged ETF is debuting before the approval of any spot XRP ETFs, which typically precede …
Seasoned Investment Firm Rolls Out First U.S. XRP Fund With 2x Leverage Read More »
BlackRock CEO Warns of More Market Pain, Flags Bitcoin’s Growing Role
BlackRock CEO Larry Fink warned that financial markets could drop another 20%, but described the downturn as a long-term buying opportunity. Speaking at the Economic Club of New York, Fink stressed that while further declines are possible, he sees no systemic risk to the broader financial system. He pointed to persistent inflation and predicted the …
BlackRock CEO Warns of More Market Pain, Flags Bitcoin’s Growing Role Read More »
Crypto User Stakes $0.05 in Solana Until the Year 5138
In 2023, a crypto enthusiast made waves by staking just $0.05 worth of Solana (SOL) tokens with an unlock date set for the year 5138—over 3,000 years into the future. This mind-bending commitment caught public attention when Arkham, a blockchain intelligence platform, highlighted the stake in a tweet that quickly went viral. Arkham dubbed it …
Crypto User Stakes $0.05 in Solana Until the Year 5138 Read More »
Security Expert Exposes Massive Bitcoin Scam Hiding in Plain Sight
Jameson Lopp, chief security officer at Bitcoin custody firm Casa, has raised concerns about a growing scam in the crypto world known as address poisoning. This tactic involves attackers creating Bitcoin addresses that mimic the beginning and end of legitimate addresses found in a user’s transaction history, tricking them into sending funds to the wrong …
Security Expert Exposes Massive Bitcoin Scam Hiding in Plain Sight Read More »
Coinbase Institutional Files to Launch Regulated XRP Futures With CFTC
Coinbase Institutional has filed with the U.S. Commodity Futures Trading Commission (CFTC) to launch XRP futures contracts, with a planned start date of April 21. The proposed contracts will be monthly, cash-settled, and margined, each representing 10,000 XRP tokens, valued around $20,000 at $2 per XRP. Trading will occur under the symbol XRL and will …
Coinbase Institutional Files to Launch Regulated XRP Futures With CFTC Read More »
WisdomTree Expands Tokenized Fund Lineup to Four More Blockchains
WisdomTree has expanded its institutional investment platform, WisdomTree Connect, by adding support for blockchain networks Arbitrum, Avalanche, Base, and Optimism, beyond its original Ethereum-only model. The platform now hosts 13 SEC-registered tokenized funds across strategies like money market, equity index, and fixed income. This move highlights WisdomTree’s commitment to asset tokenization, a growing trend as …
WisdomTree Expands Tokenized Fund Lineup to Four More Blockchains Read More »
Alabama and Minnesota File Twin Bills to Enable Bitcoin Reserves
Lawmakers in Alabama and Minnesota are advancing legislation to allow state investments in Bitcoin, reflecting a broader national trend. In Minnesota, Representative Bernie Perryman introduced the Minnesota Bitcoin Act (HF 2946) on April 1, following a similar bill from Senator Jeremy Miller. The proposed legislation would allow the state’s investment board to hold Bitcoin and …
Alabama and Minnesota File Twin Bills to Enable Bitcoin Reserves Read More »
HBAR Foundation Joins TikTok Bidding War with OnlyFans Founder’s Zoop
Zoop, a social app founded by OnlyFans creator Tim Stokely, has partnered with the HBAR Foundation to bid for TikTok’s U.S. operations. Their joint proposal, submitted to the Trump administration, enters a competitive field of potential buyers that includes Amazon, Microsoft, Oracle, and Rumble. This move comes in response to a 2024 U.S. law requiring …
HBAR Foundation Joins TikTok Bidding War with OnlyFans Founder’s Zoop Read More »
VanEck Files BNB Trust in Delaware, Signaling ETF Intent
VanEck has taken a key step toward launching a spot BNB exchange-traded fund (ETF) in the U.S. by registering a Delaware statutory trust under the name “VanEck BNB ETF” on March 31, 2025. Although no ETF has been formally launched yet, the filing signals VanEck’s intent to broaden its crypto offerings to include Binance’s BNB …
VanEck Files BNB Trust in Delaware, Signaling ETF Intent Read More »
Bybit to Shut Down NFT and Inscription Marketplaces Amid Market Pullback
Bybit, a major cryptocurrency exchange, announced it will shut down its NFT and Inscription marketplaces on April 8, 2025, due to declining interest and falling trading volumes. The closure also includes its decentralized exchange offering (IDO) program, as part of a broader effort to streamline operations. This move mirrors actions by other platforms, such as …
Bybit to Shut Down NFT and Inscription Marketplaces Amid Market Pullback Read More »
Binance Delists Tether and Other Tokens in EEA to Align With MiCA Rules
Binance has stopped offering spot trading for Tether’s USDt (USDT) and other non-MiCA-compliant tokens in the European Economic Area (EEA) to comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA). This change, which took effect by March 31, 2025, is part of a broader regulatory compliance strategy. Despite the removal of certain trading pairs, …
Binance Delists Tether and Other Tokens in EEA to Align With MiCA Rules Read More »
BlackRock CEO Warns US Debt Could Drive Shift to Bitcoin
BlackRock CEO Larry Fink warned in his annual letter that the growing U.S. national debt could push investors toward Bitcoin, potentially challenging the U.S. dollar’s global dominance. He praised decentralized finance as a tool for making markets more efficient but cautioned it could undermine America’s economic position if confidence in the dollar continues to erode. …
BlackRock CEO Warns US Debt Could Drive Shift to Bitcoin Read More »
California Goes Big on Bitcoin: New Bill Could Guarantee Self-Custody Rights
California Assemblymember Avelino Valencia has updated Assembly Bill 1052 to focus on digital asset protections, renaming it from the “Money Transmission Act” to “Digital Assets.” The bill, introduced on February 20, 2025, and amended on March 28, seeks to enshrine “Bitcoin Rights” for Californians. Key provisions include the legal recognition of digital assets in private …
California Goes Big on Bitcoin: New Bill Could Guarantee Self-Custody Rights Read More »
Binance Kills the Crypto Learning Curve With Direct DEX Trades
Binance has launched a new feature that allows users to trade directly from their centralized exchange (CEX) wallets on decentralized exchanges (DEXs), eliminating the need for manual asset transfers or bridging. This update enables users to use Circle’s USDC and other supported stablecoins in their Binance accounts to buy tokens across various networks, including Ethereum, …
Binance Kills the Crypto Learning Curve With Direct DEX Trades Read More »
Coinbase Crushes Another Lawsuit as South Carolina Backs Down
South Carolina has dismissed its lawsuit against Coinbase over the company’s crypto staking services, becoming the second state after Vermont to do so. The decision was formalized through a joint stipulation filed on March 27 by Coinbase and the South Carolina Attorney General’s securities division. The lawsuit, initially filed alongside nine other states on June …
Coinbase Crushes Another Lawsuit as South Carolina Backs Down Read More »
GameStop Just Lost $3B—And It All Started With Bitcoin
GameStop lost nearly $3 billion in market value on March 27 following its announcement to invest in Bitcoin using proceeds from a $1.3 billion convertible debt offering. Initially, the news of building a crypto treasury, including Bitcoin and stablecoins, caused a 12% stock surge. However, investor enthusiasm quickly faded, leading to a 24% drop in …
GameStop Just Lost $3B—And It All Started With Bitcoin Read More »
Robinhood Rolls Out Uber-Style Cash Delivery and Brainy AI Trading Assistant
Robinhood Markets has announced major new features, including an AI-powered trading assistant and on-demand cash delivery for select users. The AI tool, called Cortex, will analyze market trends and offer personalized trading insights. It will launch later this year for Gold-tier subscribers at $5/month. CEO Vlad Tenev emphasized that Cortex was developed over two years …
Robinhood Rolls Out Uber-Style Cash Delivery and Brainy AI Trading Assistant Read More »
“FTX 2.0?” Bitget CEO Sounds Alarm Over Hyperliquid’s JELLY Token Fallout
Bitget CEO Gracy Chen has strongly criticized Hyperliquid, a decentralized trading platform, over its handling of the JELLY token controversy, warning it risks becoming “FTX 2.0.” On March 26, Hyperliquid delisted JELLY perpetual futures and reimbursed users after detecting suspicious trading activity. This followed an incident where a trader allegedly manipulated the token’s price to …
“FTX 2.0?” Bitget CEO Sounds Alarm Over Hyperliquid’s JELLY Token Fallout Read More »
Infinite Reality Acquires Napster for $207M to Launch Music Metaverse
Infinite Reality, an AI and metaverse-focused startup, has acquired Napster for $207 million, aiming to transform the once-iconic music-sharing service into an immersive music platform. Announced on March 25, the deal will retain current CEO Jon Vlassopulos, who envisions virtual experiences like 3D concert venues, social listening parties, and direct artist-fan interactions in digital spaces. …
Infinite Reality Acquires Napster for $207M to Launch Music Metaverse Read More »
Crypto Platform Targeted in $13M Exploit Linked to GMX Tokens
Abracadabra.Finance, a decentralized lending protocol, suffered a $13 million exploit targeting its GMX-linked “cauldrons”—isolated lending pools using GM tokens as collateral. The attack led to the theft of approximately 6,260 ETH, valued at nearly $12.98 million. While GM tokens were involved, GMX confirmed its core smart contracts were unaffected, emphasizing the vulnerability was specific to …
Crypto Platform Targeted in $13M Exploit Linked to GMX Tokens Read More »
Dogecoin Foundation Launches Reserve with 10M DOGE Purchase via House of Doge
The Dogecoin Foundation’s commercial arm, House of Doge, has acquired over 10 million DOGE (worth more than $1.8 million) to launch a strategic reserve aimed at enhancing Dogecoin’s real-world payment utility. Established in February under a five-year partnership, House of Doge is tasked with transforming Dogecoin from a meme coin into a functional payment currency. …
Dogecoin Foundation Launches Reserve with 10M DOGE Purchase via House of Doge Read More »
Trump Media Teams Up with Crypto.com to Explore Digital Asset ETFs
Trump Media & Technology Group (TMTG), the parent company of Truth Social and Truth.Fi, has announced a partnership with Crypto.com to develop a series of exchange-traded funds (ETFs) in the United States. The non-binding agreement, revealed on March 24, outlines plans to launch the ETFs later in 2025, pending regulatory approval. The ETFs will combine …
Trump Media Teams Up with Crypto.com to Explore Digital Asset ETFs Read More »
Crypto Scam Victims to Get $7M Back After Global Investigation
U.S. authorities will return $7 million to victims of a cryptocurrency scam involving fake investment platforms. Announced on March 21 by the U.S. Attorney’s Office for the Eastern District of Virginia, the scheme used social engineering tactics, where scammers built trust with victims before directing them to fraudulent websites that mimicked legitimate crypto platforms. Victims …
Crypto Scam Victims to Get $7M Back After Global Investigation Read More »
Saylor Hints at New Bitcoin Buy After $711M Capital Raise
Strategy, co-founded by Michael Saylor, appears poised for another Bitcoin (BTC) purchase after raising new capital through a preferred stock offering. The company recently paused its 12-week buying streak that spanned from November 2024 to January 2025. Its most recent acquisition was on March 17, when it bought 130 BTC for $10.7 million — one …
Saylor Hints at New Bitcoin Buy After $711M Capital Raise Read More »
Scammers Just Made Binance Phishing Texts Nearly Impossible to Detect
Australian authorities have issued an urgent warning about a sophisticated SMS scam where fraudsters impersonate Binance using highly deceptive tactics. Scammers exploit messaging systems that allow sender IDs to appear as legitimate businesses, causing fake texts to show up in the same thread as real Binance messages. These texts falsely claim that a user’s Binance …
Scammers Just Made Binance Phishing Texts Nearly Impossible to Detect Read More »
PENGU ETF Proposal Submitted by Canary Capital
Canary Capital has filed for regulatory approval to launch a PENGU ETF, which would be the first U.S. exchange-traded fund to include both a cryptocurrency and non-fungible tokens (NFTs). The ETF aims to hold spot PENGU, the governance token of the Pudgy Penguins NFT collection, along with a selection of Pudgy Penguins NFTs. This proposal …
Solana CEO Admits ‘Shame’ After Ad Goes Viral for the Wrong Reasons
Solana Labs CEO Anatoly Yakovenko has addressed backlash over the controversial “America Is Back — Time to Accelerate” advertisement, expressing deep regret for his initial response. The ad, meant to promote the Solana Accelerate conference, featured a satirical scene where a character dismisses gender identity discussions in favor of technological innovation. Critics accused it of …
Solana CEO Admits ‘Shame’ After Ad Goes Viral for the Wrong Reasons Read More »
Trump to Address Digital Asset Summit, a First for a Sitting U.S. President
U.S. President Donald Trump will address Blockworks’ Digital Asset Summit (DAS) in New York on March 20, marking the first time a sitting president has spoken at a cryptocurrency-focused event. His participation signals a significant moment for the crypto industry, especially in contrast to the regulatory crackdown under President Joe Biden’s administration, which pursued over …
Trump to Address Digital Asset Summit, a First for a Sitting U.S. President Read More »
Netflix Funds Blown on Crypto? Filmmaker Accused of $11M Fraud
Filmmaker Carl Erik Rinsch has been indicted by U.S. federal authorities for allegedly misusing $11 million in Netflix production funds to engage in stock and cryptocurrency trading instead of completing a sci-fi television series. The indictment, unsealed on March 18 in a Manhattan federal court, charges Rinsch with fraud and money laundering, offenses that could …
Netflix Funds Blown on Crypto? Filmmaker Accused of $11M Fraud Read More »
Binance CEO Shuts Down Speculation on Trump Family Stake
Binance CEO Richard Teng has denied reports claiming that Binance.US was in talks with business entities linked to former U.S. President Donald Trump. Speaking at the 2025 Digital Asset Summit, Teng dismissed the allegations, echoing previous denials from Binance founder Changpeng “CZ” Zhao and Trump himself. The controversy arose from a March 13 Wall Street …
Binance CEO Shuts Down Speculation on Trump Family Stake Read More »
Musk Exposes Government’s ‘Magic Money Computers’—Bitcoin Advocates Respond
Elon Musk, speaking on Verdict with Ted Cruz on March 17, claimed that at least 14 “magic money computers” within the U.S. government can create money out of thin air. He alleged that these systems, found in agencies like the Treasury, Defense, and Health and Human Services, issue payments without proper oversight, leading to discrepancies …
Musk Exposes Government’s ‘Magic Money Computers’—Bitcoin Advocates Respond Read More »
Canary Capital’s SUI ETF Filing Follows Trump-Linked Firm’s Big Crypto Move
Canary Capital has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking Sui (SUI), a layer-1 blockchain. This follows the firm’s recent filings for other crypto ETFs, including Dogecoin (DOGE), Solana (SOL), and XRP. The move comes after World Liberty Financial (WLFI), a decentralized finance (DeFi) …
Canary Capital’s SUI ETF Filing Follows Trump-Linked Firm’s Big Crypto Move Read More »
OKX Shuts Down Key DEX Tool After Alleged Misuse by Lazarus Hackers
OKX, a leading cryptocurrency exchange, has temporarily suspended its decentralized exchange (DEX) aggregator to prevent potential misuse by the North Korean-linked hacking group, Lazarus. In a March 17 announcement, OKX stated that it had identified coordinated efforts by Lazarus to exploit its DeFi services. After consulting regulators, the exchange paused the service to implement enhanced …
OKX Shuts Down Key DEX Tool After Alleged Misuse by Lazarus Hackers Read More »
Toncoin Surges as Telegram’s CEO Escapes France’s Legal Grip!
Toncoin (TON) surged over 6% following Telegram founder Pavel Durov’s departure from France after being restricted there since his arrest in August 2024. The cryptocurrency has gained 18% in the past 24 hours and over 13% in the last week. Durov’s legal troubles significantly impacted TON’s price. Following his arrest on August 24, 2024, the …
Toncoin Surges as Telegram’s CEO Escapes France’s Legal Grip! Read More »
Solana’s Inflation Cut Proposal Fails to Secure Enough Votes
Solana’s proposal to significantly reduce its inflation rate by 80% has failed to pass despite strong participation from network validators. The proposal, known as SIMD-228, aimed to shift Solana’s inflation model from a fixed schedule to a dynamic system that adjusts based on staking participation. Currently, Solana’s inflation rate is 4.66%, decreasing annually until it …
Solana’s Inflation Cut Proposal Fails to Secure Enough Votes Read More »
Big Banks Are Trying to Kill the Stablecoin Bill—Here’s Why
Banks and their allies in the U.S. Senate are resisting the GENIUS Act, a bill aimed at regulating stablecoins, fearing it could weaken their financial dominance. The bill, introduced by Senator Bill Hagerty, needs 60 votes to pass, requiring bipartisan support. However, opposition from Senator Elizabeth Warren, a vocal crypto critic, poses a significant challenge. …
Big Banks Are Trying to Kill the Stablecoin Bill—Here’s Why Read More »
Ripple Just Made History in Dubai with This New Crypto Payments License
Ripple has received full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the UAE. This approval allows Ripple to operate within the Dubai International Financial Centre (DIFC), a major financial hub with its own regulatory framework. The announcement, made on March 13, comes nearly six months after …
Ripple Just Made History in Dubai with This New Crypto Payments License Read More »
Blockchain Innovator Hemi Labs Launches $440M Mainnet—A New Era for Crypto?
Hemi Labs, a modular blockchain backed by Binance Labs, has launched its mainnet with $440 million in total value locked (TVL). Co-founded by early Bitcoin developer Jeff Garzik, Hemi aims to unify Bitcoin and Ethereum into “a single supernetwork,” combining Bitcoin’s security with Ethereum’s programmability. The project raised $15 million in a Binance Labs-led funding …
Blockchain Innovator Hemi Labs Launches $440M Mainnet—A New Era for Crypto? Read More »
XRP, Solana, and Dogecoin ETF Hopes Stalled as SEC Extends Review
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on several cryptocurrency exchange-traded fund (ETF) proposals, including those for XRP, Solana, Litecoin, and Dogecoin. In a series of filings on March 11, the SEC announced it had “designated a longer period” for review, pushing decision deadlines to May for some ETFs, such as …
XRP, Solana, and Dogecoin ETF Hopes Stalled as SEC Extends Review Read More »
OKX Faces Allegations Over $100M Bybit Money Laundering Claims
European regulators are reportedly investigating whether OKX’s Web3 services played a role in laundering $100 million linked to the Bybit hack, according to Bloomberg. The inquiry, discussed during a March 6 EU meeting, focuses on whether OKX’s decentralized finance platform and wallet fall under the MiCA regulatory framework. Bybit CEO Ben Zhou claims 40,233 ETH …
OKX Faces Allegations Over $100M Bybit Money Laundering Claims Read More »
Trump Crashed Markets to Force Fed Rate Cuts—Crypto Hit Hard Too
Market analyst Anthony Pompliano speculates that former U.S. President Donald Trump is deliberately triggering market instability to pressure the Federal Reserve into cutting interest rates. In a March 10 post on X, Pompliano suggested this strategy could help the U.S. avoid refinancing approximately $7 trillion in debt in the coming months. He claims that Trump, …
Trump Crashed Markets to Force Fed Rate Cuts—Crypto Hit Hard Too Read More »
No More Market Closures: Coinbase to Offer 24/7 BTC & ETH Futures in the US
Coinbase has announced plans to launch 24/7 Bitcoin (BTC) and Ether (ETH) futures trading for US residents, expanding its derivatives offerings. The exchange is also introducing perpetual futures with long-term expirations, aiming to provide more flexibility for traders. Currently, much of the crypto derivatives market operates outside the US, forcing American traders to navigate limited …
No More Market Closures: Coinbase to Offer 24/7 BTC & ETH Futures in the US Read More »
Robinhood Hit with $29.75M Fine Over Trading and AML Violations
Robinhood has agreed to pay $29.75 million in fines and restitution to settle investigations by the Financial Industry Regulatory Authority (FINRA) over compliance and supervision failures. The settlement includes a $26 million fine and $3.75 million in restitution to affected customers. FINRA found that Robinhood failed to address warning signs of misconduct, violating anti-money laundering …
Robinhood Hit with $29.75M Fine Over Trading and AML Violations Read More »
Crypto Community Feels Betrayed by U.S. Bitcoin Reserve Strategy
The U.S. government’s decision to establish a Strategic Bitcoin Reserve has sparked backlash within the crypto community. Announced on March 7, 2025, the plan only utilizes Bitcoin seized from criminal cases, rather than purchasing new BTC from the market. Many investors and analysts had expected a more aggressive accumulation strategy, leading to disappointment and a …
Crypto Community Feels Betrayed by U.S. Bitcoin Reserve Strategy Read More »
Trump Just Signed It—The U.S. Is Now Building a Bitcoin Reserve!
U.S. President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile, funded with cryptocurrency seized through government forfeitures. White House official David Sacks confirmed the move, calling the reserve a “digital Fort Knox”, meant to store Bitcoin as a long-term asset rather than sell it. The reserve …
Trump Just Signed It—The U.S. Is Now Building a Bitcoin Reserve! Read More »
Sam Bankman-Fried Turns 33 in Prison—No Cake, No Crypto, Just Regret
Sam Bankman-Fried, the former CEO of FTX, spent his 33rd birthday in prison, serving a 25-year sentence for misusing customer funds. In a March 5 interview with Tucker Carlson, he reflected on his prison experience, his views on U.S. crypto regulation, and his political affiliations. Though previously known as a major Democratic donor, Bankman-Fried claimed …
Sam Bankman-Fried Turns 33 in Prison—No Cake, No Crypto, Just Regret Read More »
Cardano Founder Says He Had No Knowledge of ADA’s Inclusion in US Crypto Reserve
Cardano founder Charles Hoskinson has stated that he was completely unaware of ADA’s inclusion in a proposed US crypto reserve until the official announcement was made. In a video on March 5, he expressed surprise after waking up to numerous congratulatory messages on March 2. Hoskinson clarified that neither he nor his team had been …
Cardano Founder Says He Had No Knowledge of ADA’s Inclusion in US Crypto Reserve Read More »
Ripple Launches Crypto Education Nonprofit with $50M Grant
Ripple Labs has launched a new nonprofit, the National Cryptocurrency Association (NCA), to educate the public on cryptocurrency adoption. Ripple’s chief legal officer, Stuart Alderoty, will serve as NCA president while retaining his role at Ripple. The blockchain company is supporting the initiative with a $50-million grant. The NCA aims to share real-world examples of …
Ripple Launches Crypto Education Nonprofit with $50M Grant Read More »
Reddit Co-Founder Wants to Buy TikTok and Put It on the Blockchain
Reddit co-founder Alexis Ohanian has joined Project Liberty’s bid to acquire TikTok’s U.S. operations, aiming to prevent a potential ban and integrate blockchain technology into the platform. The effort was announced by Frank McCourt, Project Liberty’s founder, on March 3, with Ohanian serving as a strategic adviser specializing in social media. Ohanian confirmed his involvement …
Reddit Co-Founder Wants to Buy TikTok and Put It on the Blockchain Read More »
Trade War Fears Trigger $1 Billion in Crypto Liquidations
Crypto markets suffered over $1 billion in liquidations as trade war fears escalated, according to CoinGlass. More than 87% of liquidations came from long positions, as major cryptocurrencies plunged on March 4, reversing recent gains. Bitcoin (BTC) dropped to $82,000 from a high of $93,000 the day before, while Ether (ETH) and Solana (SOL) saw …
Trade War Fears Trigger $1 Billion in Crypto Liquidations Read More »
Coinbase and Gemini CEOs Support Bitcoin as Sole US Reserve Asset
Coinbase and Gemini CEOs have expressed strong support for Bitcoin as the sole cryptocurrency suitable for a U.S. Crypto Strategic Reserve, likening it to digital gold. Gemini co-founder Tyler Winklevoss argued that Bitcoin is the only asset meeting the standard of “hard money” and a proven store of value. His viewpoint was backed by Coinbase …
Coinbase and Gemini CEOs Support Bitcoin as Sole US Reserve Asset Read More »
NFT Titan Yuga Labs Cleared as SEC Investigation Comes to an End
Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) and other prominent NFT collections, has announced that the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the firm. The probe, which began in late 2022, sought to determine whether certain NFTs should be classified as securities under U.S. law. …
NFT Titan Yuga Labs Cleared as SEC Investigation Comes to an End Read More »
Staking is Back! Uphold Relaunches Service for US Crypto Holders
Uphold has relaunched its crypto staking services in the United States, citing a more favorable regulatory environment. The company announced on March 3, 2025, that US customers can now stake 19 cryptocurrencies, including Ethereum (ETH), Cosmos (ATOM), and Polkadot (DOT), with weekly rewards distributed in the same asset. This move follows the SEC’s recent shift …
Staking is Back! Uphold Relaunches Service for US Crypto Holders Read More »
UK Sentences First Crypto ATM Operator for Running Unregistered Machines
A UK court has sentenced Olumide Osunkoya to four years in prison for illegally operating crypto ATMs without regulatory approval, marking the first criminal conviction of its kind in the country. The Financial Conduct Authority (FCA) revealed that Osunkoya ran 28 unregistered ATMs through his company GidiPlus Ltd between December 2021 and March 2022, processing …
UK Sentences First Crypto ATM Operator for Running Unregistered Machines Read More »
Arizona Inches Closer to Crypto Reserves—Senate Gives Green Light!
Arizona’s Senate has approved two cryptocurrency reserve bills, advancing them to the state’s House of Representatives for further consideration. The Strategic Digital Assets Reserve bill (SB 1373), introduced by Republican Senator Mark Finchem, passed with a 17-12 vote on Feb. 27. This bill proposes the creation of a Digital Assets Strategic Reserve Fund, managed by …
Arizona Inches Closer to Crypto Reserves—Senate Gives Green Light! Read More »
SEC Officially Drops Lawsuit Against Coinbase
The U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against Coinbase, marking a significant shift in crypto regulation. Filed in June 2023, the lawsuit accused Coinbase of operating as an unregistered broker and offering unregistered securities. However, on Feb. 27, the SEC dropped the case with prejudice, permanently closing it. This move …
Gotbit Founder Extradited to US—Accused of Running Multi-Million Crypto Scam
Aleksei Andriunin, the founder of Gotbit, a crypto hedge fund and market-making firm, has been extradited from Portugal to the U.S. on charges of market manipulation and wire fraud conspiracy. Arrested on October 8 and extradited on October 25, Andriunin appeared in a Boston federal court, where he was ordered to remain in custody. Alongside …
Gotbit Founder Extradited to US—Accused of Running Multi-Million Crypto Scam Read More »
XRP Ledger to Introduce Institutional DeFi Features Throughout 2025
Ripple Labs is advancing the XRP Ledger by introducing institutional-focused decentralized finance (DeFi) developments in 2025. The initiative aims to enhance the blockchain’s ability to support real-world assets (RWAs) and create a more compliance-friendly environment for financial institutions. Ripple’s roadmap includes launching a permissioned decentralized exchange (DEX), a credit-based DeFi lending protocol, and a new …
XRP Ledger to Introduce Institutional DeFi Features Throughout 2025 Read More »
Kaspersky Exposes Massive Crypto Theft Scheme Hiding in GitHub Projects
Cybersecurity firm Kaspersky has warned that hackers are using fake GitHub projects to distribute malware that steals cryptocurrency and login credentials. In a report on February 24, Kaspersky analyst Georgy Kucherin detailed a campaign called “GitVenom,” in which cybercriminals create deceptive GitHub repositories hosting remote access trojans (RATs), info-stealers, and clipboard hijackers. To appear legitimate, …
Kaspersky Exposes Massive Crypto Theft Scheme Hiding in GitHub Projects Read More »
Bitwise Scores $70M to Power the Next Wave of Crypto Investments
Bitwise, a leading crypto asset management firm, has raised $70 million in a new funding round announced on February 25. The investment, backed by major firms like Electric Capital, MassMutual, and Haun Ventures, will be used to expand Bitwise’s team and enhance its product offerings. In 2024, Bitwise experienced a tenfold increase in client assets …
Bitwise Scores $70M to Power the Next Wave of Crypto Investments Read More »
South Korea Imposes 3-Month Ban on New Upbit Customer Transactions
South Korean cryptocurrency exchange Upbit has been hit with a three-month ban on new customer transactions by the country’s Financial Intelligence Unit (FIU). Announced on February 25, the suspension prevents new users from making deposits or withdrawals due to Upbit’s alleged violations of regulations prohibiting transactions with unregistered crypto asset service providers (CASPs). Upbit responded …
South Korea Imposes 3-Month Ban on New Upbit Customer Transactions Read More »
OKX Pleads Guilty to Compliance Violations, Pays $505M
OKX, a major cryptocurrency exchange operated by Aux Cayes FinTech Co. Ltd, has agreed to pay $505 million in penalties to settle a U.S. Department of Justice (DOJ) case. The company pleaded guilty to running an unlicensed money-transmitting business in violation of U.S. Anti-Money Laundering laws. The settlement includes an $84 million fine and the …
OKX Pleads Guilty to Compliance Violations, Pays $505M Read More »
Montana Lawmakers Shut Down Bitcoin Investment Plan
Montana’s House of Representatives rejected a proposal to establish a state Bitcoin reserve, voting 41-59 against House Bill No. 429 on February 22. The bill aimed to create a special revenue account for investments in precious metals, stablecoins, and digital assets with a market capitalization exceeding $750 billion—currently limited to Bitcoin. Opposition lawmakers cited concerns …
Montana Lawmakers Shut Down Bitcoin Investment Plan Read More »
Bybit CEO Considers Ethereum Rollback Amid Lazarus Group Hack Fallout
Bybit CEO Ben Zhou addressed the recent hack by the North Korean-linked Lazarus Group, which stole a significant amount of funds. Zhou confirmed that Bybit is actively working to recover the stolen assets through various measures, including a bounty program, cooperation with law enforcement, and discussions with the Ethereum Foundation. During a discussion on Feb. …
Bybit CEO Considers Ethereum Rollback Amid Lazarus Group Hack Fallout Read More »
Microsoft’s New Quantum Chip Could Change Bitcoin Security Forever
Microsoft’s newly introduced quantum computing chip, Majorana 1, could accelerate Bitcoin’s transition to quantum-resistant security, according to Bitcoin exchange River. The chip, unveiled on February 19, signals Microsoft’s growing presence in the quantum computing space, alongside competitors like Google, which introduced its own Willow chip in December. River highlighted in a post on X that …
Microsoft’s New Quantum Chip Could Change Bitcoin Security Forever Read More »
SEC Just Approved a Stablecoin That Pays 3.85%—What It Means for Crypto
Figure Markets has become the first company to receive U.S. Securities and Exchange Commission (SEC) approval for an interest-bearing stablecoin. According to SEC filings published on February 18, the company can now launch its YLDS stablecoin, which is pegged to the U.S. dollar and offers a 3.85% yield to holders. The token is officially registered …
SEC Just Approved a Stablecoin That Pays 3.85%—What It Means for Crypto Read More »
Another Win for Bitcoin! Montana Pushes Crypto Reserve Bill Ahead
Montana has moved forward with recognizing Bitcoin as a reserve asset, as a state subcommittee approved House Bill No. 429. The bill, which passed the House Business and Labor Committee in a 12-8 vote, now advances to the full House for further consideration. This makes Montana the fourth U.S. state to progress Bitcoin reserve legislation, …
Another Win for Bitcoin! Montana Pushes Crypto Reserve Bill Ahead Read More »
Nigeria Sues Binance for $81.5 Billion Over Taxes and Currency Impact
Nigeria has filed an $81.5 billion lawsuit against Binance, alleging tax evasion and economic damage caused by the crypto exchange. The lawsuit includes $2 billion in unpaid taxes from 2022 and 2023, plus $79 billion in damages linked to the depreciation of the naira. The Federal Inland Revenue Service (FIRS) argues Binance has a “significant …
Nigeria Sues Binance for $81.5 Billion Over Taxes and Currency Impact Read More »
Strategy Just Can’t Stop Buying Bitcoin—Now Raising $2B More!
Strategy, formerly MicroStrategy, has announced plans to raise $2 billion through a 0% senior convertible note offering to increase its Bitcoin holdings. Initial buyers will have the option to purchase an additional $300 million in notes within five business days of issuance. The proceeds will primarily fund Bitcoin acquisitions and general corporate expenses. Senior convertible …
Strategy Just Can’t Stop Buying Bitcoin—Now Raising $2B More! Read More »
Tether Co-Founder Returns with a New Stablecoin That Pays Yield
Tether co-founder Reeve Collins is re-entering the stablecoin sector with a new decentralized project, Pi Protocol, set to launch on Ethereum and Solana later this year. As the protocol’s chair, Collins aims to introduce USP, a stablecoin backed by real-world assets such as bonds. Users will be able to mint USP in exchange for USI, …
Tether Co-Founder Returns with a New Stablecoin That Pays Yield Read More »
Just 1 Bitcoin Sent This Company’s Stock Up 93%
HK Asia Holdings Limited, a Hong Kong-based investment firm, saw its stock price nearly double after announcing the purchase of just one Bitcoin. On February 16, the company revealed it had acquired the cryptocurrency for approximately $96,150 using internal funds. Following the news, HK Asia’s stock soared 93% on February 17, closing at 5.50 Hong …
Massive Bust: Stolen Crypto ATMs, Pokémon Cards, and Firearms Seized by Australian Police
Australian police have dismantled a crime syndicate responsible for stealing cryptocurrency ATMs and valuable trading cards across Melbourne. Since mid-January, the group allegedly stole six crypto ATMs and tens of thousands of dollars’ worth of Pokémon, Yu-Gi-Oh, and Magic: The Gathering cards. During their investigation, authorities uncovered a stash of stolen goods, including firearms, 100 …
Report: 12 US States Quietly Invest $330M in MicroStrategy
Twelve U.S. states collectively hold $330 million worth of MicroStrategy (now rebranded as Strategy) stock in their pension funds and treasuries, according to Bitcoin analyst Julian Fahrer. California leads the investments, with the California State Teachers’ Retirement System (CalSTRS) owning 285,785 shares worth $83 million, and the California Public Employees’ Retirement System (CalPERS) holding 264,713 …
Report: 12 US States Quietly Invest $330M in MicroStrategy Read More »
Argentina’s President Faces Impeachment Calls Over $107M Libra Crypto Scandal
Argentine President Javier Milei faces impeachment calls over his involvement in the collapse of the Solana-based Libra (LIBRA) cryptocurrency. On Feb. 14, Milei endorsed the project on social media, boosting its market capitalization to $4.56 billion. However, within just 11 hours, LIBRA lost over 94% of its value, fueling allegations of a rug pull. Opposition …
Argentina’s President Faces Impeachment Calls Over $107M Libra Crypto Scandal Read More »
Michigan Joins the Crypto Movement with New State Reserve Bill
Michigan has joined a growing list of U.S. states considering cryptocurrency reserve legislation, introducing a bill that could allow the state to invest in Bitcoin (BTC). The proposed bill, HB 4087, was introduced on Feb. 13 by Representatives Bryan Posthumus and Ron Robinson. If enacted, it would amend Michigan’s Management and Budget Act, permitting up …
Michigan Joins the Crypto Movement with New State Reserve Bill Read More »
Crypto Mining Executives Plead Guilty in Massive $577M Fraud
Estonian nationals Sergei Potapenko and Ivan Turõgin, co-founders of the fraudulent crypto mining firm HashFlare, pleaded guilty to conspiracy to commit wire fraud in a $577 million scheme. Arrested in Estonia in 2022 and later extradited to the U.S., they now face up to 20 years in prison. From 2015 to 2019, the pair convinced …
Crypto Mining Executives Plead Guilty in Massive $577M Fraud Read More »
Coinbase Eyes Indian Market Again After 2023 Exit
Coinbase, the U.S.-based cryptocurrency exchange, is exploring a return to the Indian market after halting operations in 2023. The company is in discussions with India’s Financial Intelligence Unit (FIU) to ensure regulatory compliance, though it has not announced formal registration. Coinbase previously faced regulatory hurdles in India, including the suspension of its Unified Payments Interface …
Coinbase Eyes Indian Market Again After 2023 Exit Read More »
Franklin Templeton’s U.S. Government Money Fund Goes Live on Solana
Franklin Templeton, a leading U.S. financial services firm managing $1.6 trillion in assets, has expanded its blockchain presence by launching its OnChain U.S. Government Money Fund (FOBXX) on the Solana blockchain. Announced on February 12, this move extends the fund’s multi-chain strategy, which began in 2021. FOBXX primarily invests in U.S. government securities, cash, and …
Franklin Templeton’s U.S. Government Money Fund Goes Live on Solana Read More »
Wall Street Giant Goldman Sachs Ramps Up Crypto ETF Holdings
Goldman Sachs has dramatically expanded its exposure to cryptocurrency exchange-traded funds (ETFs), increasing its Ethereum ETF holdings by over 2,000% in Q4 2024. According to a Feb. 11 SEC filing, the firm raised its Ether ETF investments from $22 million to $476 million, primarily through BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity’s Ethereum Fund (FETH). …
Wall Street Giant Goldman Sachs Ramps Up Crypto ETF Holdings Read More »
Solana Trust Filing by Franklin Templeton Ignites ETF Speculation
Franklin Templeton has registered the “Franklin Solana Trust” in Delaware, signaling a potential move toward filing for a spot Solana exchange-traded fund (ETF) in the U.S. The trust was established on February 10 by CSC Delaware Trust Company, which has previously handled crypto trust registrations for firms like Bitwise. This step positions Franklin Templeton to …
Solana Trust Filing by Franklin Templeton Ignites ETF Speculation Read More »
Crypto Broker Jumps From Balcony to Escape Kidnappers
A UK-based crypto broker made a dramatic escape from kidnappers in Spain by leaping 30 feet from a balcony, breaking both ankles in the process. The broker was lured to an apartment in Estepona under the pretense of having drinks but was instead confronted by three British men who demanded €30,000 ($30,917). The kidnappers threatened …
Crypto Broker Jumps From Balcony to Escape Kidnappers Read More »
Grayscale Files for Cardano ETF, Expanding Its Crypto Offerings
Grayscale, a leading crypto investment firm, has filed to list a Cardano (ADA) exchange-traded fund (ETF) on the New York Stock Exchange (NYSE), marking its first standalone ADA investment product. This move comes after Grayscale successfully launched a Bitcoin ETF last year, overcoming regulatory hurdles. While the firm has previously explored ADA-related investments, it has …
Grayscale Files for Cardano ETF, Expanding Its Crypto Offerings Read More »
Binance’s Listing System Has Flaws, Says CZ—Reform Needed
Changpeng Zhao (CZ), the co-founder and former CEO of Binance, has expressed concerns over the cryptocurrency exchange’s token listing process, suggesting it needs improvements to handle new listings more effectively. He noted that Binance’s current system, which announces a token listing only four hours before trading begins, allows for significant price fluctuations on decentralized exchanges …
Binance’s Listing System Has Flaws, Says CZ—Reform Needed Read More »
Austin University Goes Crypto: $5M Bitcoin Fund Locked in for 5 Years
The University of Austin is launching a $5 million Bitcoin investment fund, making it one of the first U.S. educational institutions to directly incorporate cryptocurrency into its endowment strategy. This move is part of the university’s broader $200 million endowment fund and signals a commitment to staying ahead of financial innovation. Chun Lai, the university’s …
Austin University Goes Crypto: $5M Bitcoin Fund Locked in for 5 Years Read More »
Utah’s Bitcoin Reserve Bill Advances to the Senate
Utah is moving closer to becoming the first U.S. state to hold Bitcoin in reserve after its House approved a strategic Bitcoin reserve bill. The bill, known as HB230 (Blockchain and Digital Innovation Amendments) and introduced by Representative Jordan Teuscher, allows the state treasurer to allocate up to 5% of certain public funds to digital …
Utah’s Bitcoin Reserve Bill Advances to the Senate Read More »
Gemini Considers IPO Again After Dropping 2021 Public Listing Plans
The Winklevoss twins are reportedly reconsidering an initial public offering (IPO) for their cryptocurrency exchange, Gemini, after previously postponing the idea in 2021. According to Bloomberg, Tyler and Cameron Winklevoss are in discussions with advisers, though no final decision has been made. Gemini had earlier explored merging with the now-bankrupt Digital Currency Group (DCG), a …
Gemini Considers IPO Again After Dropping 2021 Public Listing Plans Read More »
Tether Expands Into AI With New Apps and Open-Source SDK
Tether, the company behind the USDT stablecoin, is expanding into artificial intelligence (AI) with the development of several AI-powered applications. Its AI division, Tether Data, is leading the initiative, which includes AI Translate, AI Voice Assistant, and AI Bitcoin Wallet Assistant. CEO Paolo Ardoino announced on February 4 that Tether will also launch an open-source …
Tether Expands Into AI With New Apps and Open-Source SDK Read More »
MicroStrategy Rebrands to ‘Strategy’ with Bitcoin-Inspired Identity
MicroStrategy has rebranded to “Strategy,” adopting a Bitcoin-themed visual identity to reinforce its commitment to Bitcoin. Announced on Feb. 5, the company will continue its core operations, including business intelligence software and Bitcoin investments. The rebrand is largely symbolic, highlighting its deep alignment with Bitcoin. Further details will be shared during the company’s earnings call …
MicroStrategy Rebrands to ‘Strategy’ with Bitcoin-Inspired Identity Read More »
Robinhood Suspends Super Bowl Betting After CFTC Intervention
Robinhood has suspended its Super Bowl betting feature just one day after launch, following a request from the Commodity Futures Trading Commission (CFTC) to limit customer access to event contracts. The betting product, introduced in partnership with prediction market platform Kalshi, allowed users to wager on the outcome of the Super Bowl between the Philadelphia …
Robinhood Suspends Super Bowl Betting After CFTC Intervention Read More »
FTX Bahamas to Begin Creditor Repayments on Feb. 18 with 9% Interest
FTX Digital Markets, the Bahamian subsidiary of the collapsed crypto exchange FTX, will start repaying creditors on Feb. 18. The repayments will begin with “convenience class” creditors, those with claims under $50,000, who will receive 100% of their adjudicated claims plus 9% annual interest since November 2022. The distributions will be handled through BitGo, though …
FTX Bahamas to Begin Creditor Repayments on Feb. 18 with 9% Interest Read More »
WazirX to Creditors: Vote Yes for Refunds or Wait Until 2030
WazirX creditors face a critical decision on whether to approve a restructuring plan or risk waiting until 2030 for potential refunds. The Indian crypto exchange, which suffered a $230 million hack by North Korea’s Lazarus Group in July 2024, is offering creditors two options: approve a recovery plan and receive payouts as early as April …
WazirX to Creditors: Vote Yes for Refunds or Wait Until 2030 Read More »
After Buying 471,107 BTC, MicroStrategy Halts New Purchases
MicroStrategy, the largest corporate holder of Bitcoin, has temporarily paused its Bitcoin purchases after 12 consecutive weeks of acquisitions. Since its initial $250 million Bitcoin purchase in August 2020, the company has amassed 471,107 BTC, now valued at approximately $30 billion. Executive Chairman Michael Saylor confirmed that MicroStrategy has stopped selling common stock shares to …
After Buying 471,107 BTC, MicroStrategy Halts New Purchases Read More »
Utah Moves Closer to Becoming First U.S. State with a Bitcoin Reserve
Utah could become the first U.S. state to establish a Bitcoin reserve, thanks to strong political momentum and a fast-moving legislative session. With only 45 days to decide, the state has a high chance of passing the bill, according to Dennis Porter, CEO of the Satoshi Action Fund. On Jan. 28, a Utah House committee …
Utah Moves Closer to Becoming First U.S. State with a Bitcoin Reserve Read More »
India’s Crypto Crackdown Could Be Ending – Here’s Why
India, known for its strict crypto regulations, may be rethinking its stance as global adoption grows. Economic Affairs Secretary Ajay Seth hinted at a potential policy shift, acknowledging that digital assets transcend borders. This comes as India imposes a tax of up to 70% on previously undisclosed crypto gains. The move aligns with a broader …
India’s Crypto Crackdown Could Be Ending – Here’s Why Read More »
Grayscale Files to Convert XRP Trust into an ETF
Grayscale Investments has filed an application with the U.S. Securities and Exchange Commission (SEC) to convert its XRP Trust into an exchange-traded fund (ETF), aiming for a listing on the New York Stock Exchange (NYSE). Currently structured as a Delaware statutory trust, the XRP Trust holds over $16 million in XRP. If approved, the ETF …
Grayscale Files to Convert XRP Trust into an ETF Read More »
Sam Bankman-Fried’s Parents Reportedly Seeking Trump Pardon for Their Son
Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, are reportedly exploring a possible presidential pardon for their son, who was sentenced to 25 years in prison in March 2024. According to Bloomberg, they have consulted with lawyers and individuals close to Donald Trump to assess their chances of securing clemency. Bankman-Fried, once a rising star …
Sam Bankman-Fried’s Parents Reportedly Seeking Trump Pardon for Their Son Read More »
El Salvador Updates Bitcoin Law, Making Business Adoption Optional
El Salvador’s Congress has approved amendments to its Bitcoin law to comply with conditions set by the International Monetary Fund (IMF) as part of a $1.4 billion loan agreement. The bill, introduced by President Nayib Bukele, was passed swiftly with 55 votes in favor and only two against. The reform removes the previous requirement for …
El Salvador Updates Bitcoin Law, Making Business Adoption Optional Read More »
Texas Lt. Governor Prioritizes State Bitcoin Reserve for 2025 Legislation
Texas Lieutenant Governor Dan Patrick has made the creation of a state Bitcoin reserve a legislative priority for 2025, highlighting the increasing role of digital assets in the state’s economy. Texas joins Arizona and Utah in exploring cryptocurrency reserves, with lawmakers pushing for legislation to establish and fund the initiative. State Senator Charles Schwertner introduced …
Texas Lt. Governor Prioritizes State Bitcoin Reserve for 2025 Legislation Read More »
Czech Central Bank Eyes $7.3B Bitcoin Investment—A European First?
The Czech National Bank (CNB) is considering allocating up to 5% of its reserves—approximately $7.3 billion—to Bitcoin (BTC) as part of a diversification strategy. CNB Governor Aleš Michl plans to present this proposal to the bank’s board on January 30. If approved, the CNB would become one of the largest institutional Bitcoin holders, given its …
Czech Central Bank Eyes $7.3B Bitcoin Investment—A European First? Read More »
Bitwise Officially Files for Spot Dogecoin ETF with SEC
Bitwise has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot Dogecoin exchange-traded fund (ETF). The filing, submitted on January 28, aims to create an ETF that directly holds Dogecoin (DOGE) and tracks its price movements. Bloomberg ETF analyst James Seyffart noted that while Bitwise had previously registered a Dogecoin …
Bitwise Officially Files for Spot Dogecoin ETF with SEC Read More »
Crypto Giant KuCoin Pleads Guilty—Founders Step Down in US Settlement
KuCoin, a cryptocurrency exchange, has pled guilty to operating an unlicensed money-transmitting business and agreed to a $300 million settlement with U.S. authorities. This includes a $184.5 million forfeiture, a $112.9 million fine, and a commitment to exit the U.S. market for two years. KuCoin’s founders, Michael Gan and Eric Tang, will also step down …
Crypto Giant KuCoin Pleads Guilty—Founders Step Down in US Settlement Read More »
Ripple Takes a Big Leap Forward with New Licenses in the U.S.
Ripple Labs has secured money transmitter licenses in Texas and New York, expanding its U.S. footprint. Announced on January 27, these licenses allow Ripple to offer cross-border payment solutions, adding to its portfolio of over 50 licenses nationwide. Ripple highlighted the rigorous compliance standards and regulatory oversight in both states, emphasizing their importance as hubs …
Ripple Takes a Big Leap Forward with New Licenses in the U.S. Read More »
Brazil Bans World Network’s Eye Scans Over Data Privacy Fears
Brazil’s National Data Protection Authority (ANPD) has prohibited World Network, formerly Worldcoin, from offering cryptocurrency rewards in exchange for biometric data. This order, effective January 25, was issued to Tools for Humanity (TFH), the organization behind the project. The decision follows an investigation into World ID, a program that scans individuals’ irises to create a …
Brazil Bans World Network’s Eye Scans Over Data Privacy Fears Read More »
Revolutionary AI Platform Virtuals Protocol Expands to Solana
Virtuals Protocol, an AI-driven platform, has announced its expansion to the Solana blockchain as part of its multichain strategy to enhance innovation across ecosystems. Already active on Ethereum’s layer-2 network Base, the integration with Solana—renowned for its speed, scalability, and active community—aims to attract developers and users while alleviating network congestion. This move is expected …
Revolutionary AI Platform Virtuals Protocol Expands to Solana Read More »
MicroStrategy Faces Potential Massive Tax on Unrealized $19B Bitcoin Gains
MicroStrategy, the largest corporate Bitcoin holder, may face federal income taxes on $19.3 billion in unrealized Bitcoin gains under the 2022 Inflation Reduction Act. The act introduced a 15% corporate alternative minimum tax (CAMT) on companies with an average annual adjusted financial statement income exceeding $1 billion, potentially impacting corporations with significant crypto holdings. Despite …
MicroStrategy Faces Potential Massive Tax on Unrealized $19B Bitcoin Gains Read More »
Trump Declares War on CBDCs, Launches National Crypto Task Force
President Donald Trump signed an executive order on January 23, marking his administration’s first major policy action on cryptocurrency. Announced alongside his “AI and crypto czar,” David Sacks, the order establishes a working group to position the U.S. as a global leader in crypto innovation. This group, chaired by Sacks, will develop policies to promote …
Trump Declares War on CBDCs, Launches National Crypto Task Force Read More »
Dogecoin ETF on the Horizon as D.O.G.E Project Gains Ground
Bitwise has officially filed for a Dogecoin ETF, signaling a growing interest in memecoins as a significant market segment. This filing occurred shortly after investment managers Rex Shares and Osprey Funds also submitted paperwork for various crypto ETFs, including one for Dogecoin. The potential approval of such an ETF by the SEC could provide Dogecoin …
Dogecoin ETF on the Horizon as D.O.G.E Project Gains Ground Read More »
Congress Member Slams TRUMP Token for Risking U.S. Security
California Representative Maxine Waters has raised national security concerns over the TRUMP token, a cryptocurrency linked to former President Donald Trump. Speaking at a Jan. 22 U.S. House Financial Services Committee meeting, Waters criticized the Republican agenda for overlooking potential conflicts of interest and failing to prioritize oversight of crypto firms. She alleged the TRUMP …
Congress Member Slams TRUMP Token for Risking U.S. Security Read More »
SEC Launches Crypto Task Force Led by ‘Crypto Mom’
The U.S. Securities and Exchange Commission (SEC) announced a new task force on January 21, led by Commissioner Hester Peirce, to create a regulatory framework for digital assets. Known as “Crypto Mom” for her balanced stance on crypto regulation, Peirce will guide the initiative as the SEC seeks to establish clear regulatory boundaries, realistic registration …
SEC Launches Crypto Task Force Led by ‘Crypto Mom’ Read More »
Vivek Ramaswamy Quits DOGE for Politics, Leaving Musk at the Helm
Entrepreneur Vivek Ramaswamy has stepped down as co-leader of the Department of Government Efficiency (DOGE), leaving Elon Musk as its sole leader. Ramaswamy’s departure aligns with reports of his preparation for a gubernatorial run in Ohio, with current Governor Mike DeWine’s term ending in January 2027. Although Ramaswamy has not officially confirmed his candidacy, he …
Vivek Ramaswamy Quits DOGE for Politics, Leaving Musk at the Helm Read More »
No Mention of Crypto in Trump’s Second-Term Priorities Despite Past Promises
U.S. President Donald Trump recently outlined his administration’s “America First Priorities”, focusing on public safety, energy independence, traditional values, and reducing government excess. However, cryptocurrencies, including Bitcoin, were notably excluded from the agenda, despite earlier campaign rhetoric suggesting a pro-crypto stance. Speculation about a strategic Bitcoin reserve was high on Jan. 20, with some anticipating …
No Mention of Crypto in Trump’s Second-Term Priorities Despite Past Promises Read More »
Bitcoin Breaks All Records, Soaring Beyond $109K as Trump Steps In
Bitcoin’s price soared to a record $109,036 on January 20, 2025, briefly exceeding its previous high of $108,000 set in December 2024, before settling around $108,342. This surge occurred just hours before Donald Trump’s inauguration as the 47th U.S. president, fueling optimism about potential crypto-friendly policies under his administration. Trump’s presidency has sparked bullish sentiment …
Bitcoin Breaks All Records, Soaring Beyond $109K as Trump Steps In Read More »
Wyoming Introduces Strategic Bitcoin Reserve Legislation
Wyoming has introduced a bill to establish a Strategic Bitcoin Reserve, highlighting its push to lead in cryptocurrency adoption. The proposed legislation, titled “State Funds-Investment in Bitcoin,” would allow up to 3% of state funds from the general fund, the Permanent Wyoming Mineral Trust Fund, and the Permanent Land Fund to be invested in Bitcoin. …
Wyoming Introduces Strategic Bitcoin Reserve Legislation Read More »
Indian Telecom Giant Jio Introduces JioCoin on Polygon
Indian telecom giant Jio Platforms, owned by billionaire Mukesh Ambani, has launched JioCoin, a blockchain-based token on the Polygon network. JioCoin, integrated into Jio’s proprietary JioSphere browser, is designed as a reward mechanism for users browsing the internet. Although Jio has yet to officially announce the token’s broader utility, industry speculation suggests it could play …
Indian Telecom Giant Jio Introduces JioCoin on Polygon Read More »
Report: Trump to Prioritize Cryptocurrency with Executive Order
Donald Trump’s incoming administration is reportedly preparing an executive order to prioritize cryptocurrency as a national focus. Expected to be signed on January 20, the order would instruct regulatory agencies to collaborate with the crypto industry, potentially forming a “crypto council” to advocate for the sector’s interests. This initiative aligns with Trump’s campaign pledge to …
Report: Trump to Prioritize Cryptocurrency with Executive Order Read More »
Upbit Faces KYC-Related Suspension Notice in South Korea
Upbit, a major South Korean cryptocurrency exchange, has received a suspension notice from the Financial Intelligence Unit (FIU) for alleged Know Your Customer (KYC) violations. The violations, flagged in November 2024, reportedly involve 500,000–600,000 breaches in client identification processes, discovered during a business license review. The FIU has proposed a six-month suspension on new user …
Upbit Faces KYC-Related Suspension Notice in South Korea Read More »
$11.8 Billion in Seized Crypto from 2016 Hack Could Return to Bitfinex
The U.S. government has filed a motion recommending the return of cryptocurrency linked to the 2016 Bitfinex hack to the exchange. This includes 94,643 BTC and other cryptocurrencies from subsequent forks, valued at over $11.8 billion today. The funds were stolen during a hack orchestrated by Ilya Lichtenstein and Heather Morgan, who were arrested and …
$11.8 Billion in Seized Crypto from 2016 Hack Could Return to Bitfinex Read More »
Spot Bitcoin ETFs and Stablecoins Under Review by Thailand’s SEC
Thailand’s Securities and Exchange Commission (SEC) is considering allowing spot Bitcoin exchange-traded funds (ETFs) on local exchanges, marking a significant step for the nation’s cryptocurrency landscape. SEC Secretary-General Pornanong Budsaratragoon emphasized the need to adapt to global cryptocurrency trends while prioritizing investor protection and offering expanded options. While Thailand’s One Asset Management has launched a …
Spot Bitcoin ETFs and Stablecoins Under Review by Thailand’s SEC Read More »
Presidential Election Wasn’t About Crypto Money, Says Gensler
Gary Gensler, the outgoing Chair of the U.S. Securities and Exchange Commission (SEC), stated in a CNBC interview that cryptocurrency-related contributions and voter influence were unlikely to have significantly impacted the 2024 U.S. presidential election. Gensler emphasized that the crypto industry remains speculative, with many firms failing to comply with regulations such as anti-money laundering …
Presidential Election Wasn’t About Crypto Money, Says Gensler Read More »
Dark Web Giant Tied to $24B in Fraud Rolls Out Stablecoin
Huione, a controversial online marketplace implicated in illegal activities, has launched its own stablecoin, USDH, and a proprietary chat service to circumvent regulatory oversight and reduce reliance on platforms like Telegram and Tether. Blockchain security firm Elliptic links Huione to $24 billion in transactions tied to money laundering, stolen data, and fraud schemes such as …
Dark Web Giant Tied to $24B in Fraud Rolls Out Stablecoin Read More »
Polymarket Banned in Singapore: What You Need to Know
Singapore has joined Taiwan and France in restricting access to Polymarket, a blockchain-based prediction market platform, under local gambling laws. Singapore’s Gambling Regulatory Authority (GRA) directed internet service providers to block Polymarket, aligning with broader international crackdowns. Users attempting to access the site receive a warning about penalties for engaging with unlicensed gambling providers, which …
Polymarket Banned in Singapore: What You Need to Know Read More »
World Network Celebrates 10M Verified Users, But Regulatory Hurdles Loom
World, formerly known as Worldcoin, has reached a significant milestone, verifying 10 million users on its digital identity platform. The project uses orbs to collect biometric data, creating unique “proof of personhood” identifiers to confirm users’ humanity and identity. This innovation addresses concerns about AI’s impact on information reliability and intellectual property. In a January …
World Network Celebrates 10M Verified Users, But Regulatory Hurdles Loom Read More »
Coinbase Warns Users of CFTC Subpoena Related to Polymarket
The U.S. Commodity Futures Trading Commission (CFTC) has reportedly issued a subpoena to Coinbase Inc. for customer data related to Polymarket, a prominent prediction market platform. Coinbase has informed customers of the possibility of sharing their data with regulators, with emails confirming the warnings circulating on social media. The CFTC’s action reflects its increased regulatory …
Coinbase Warns Users of CFTC Subpoena Related to Polymarket Read More »
Real Estate Giant DAMAC and Blockchain Pioneer MANTRA to Digitize $1B in Assets
MANTRA Blockchain, a layer-1 blockchain specializing in tokenizing real-world assets (RWA), has partnered with the UAE’s DAMAC Group to tokenize $1 billion worth of assets. The initiative, slated to start in early 2025, aims to modernize investment processes by digitizing DAMAC’s diverse portfolio, which includes real estate, hospitality, and data centers. This move will enhance …
Real Estate Giant DAMAC and Blockchain Pioneer MANTRA to Digitize $1B in Assets Read More »
FTX Says Backpack Exchange Lacks Authority to Repay Creditors
FTX has denied court approval for the reported acquisition of its European division, FTX EU, by crypto exchange Backpack. Backpack had claimed on January 7 that it had acquired FTX EU as part of FTX’s bankruptcy process and would prioritize creditor repayments for EU-based customers starting in February. However, FTX clarified on January 8 that …
FTX Says Backpack Exchange Lacks Authority to Repay Creditors Read More »
OKX Warns Against Fake Browser Plugins on Firefox
Crypto exchange OKX has issued a warning about fake browser extensions on the Firefox plugin store, falsely claiming affiliation with the platform. OKX clarified that it has not released any official Firefox plugins and strongly advised users who may have downloaded these fraudulent extensions to immediately transfer funds from any connected wallets. The exchange confirmed …
OKX Warns Against Fake Browser Plugins on Firefox Read More »
Ripple President Predicts XRP ETF Approval as RLUSD Gains Momentum
Ripple President Monica Long has expressed optimism about the approval of an XRP exchange-traded fund (ETF), citing a favorable U.S. regulatory environment. In a recent interview, Long predicted that XRP would likely follow Bitcoin and Ethereum in gaining ETF approval, potentially this year. She attributed this outlook to regulatory shifts under the current U.S. administration, …
Ripple President Predicts XRP ETF Approval as RLUSD Gains Momentum Read More »
XRP Issuer Ripple Partners with Chainlink to Enhance RLUSD in DeFi
Ripple has partnered with Chainlink to integrate real-time decentralized data into its Ripple USD (RLUSD) stablecoin, aiming to enhance its utility in decentralized finance (DeFi). The collaboration, announced on January 7, incorporates Chainlink’s price feeds with RLUSD on both Ethereum and the XRP Ledger. RLUSD, pegged 1:1 to the US dollar, will leverage Chainlink’s tamper-proof …
XRP Issuer Ripple Partners with Chainlink to Enhance RLUSD in DeFi Read More »
$32.7M Deal: Backpack Exchange Acquires FTX EU to Lead Europe’s Crypto Futures Market
Backpack Exchange has acquired FTX EU, the European division of the now-defunct crypto exchange FTX, for $32.7 million. FTX EU, previously regulated under a MiFID II license by the Cyprus Securities and Exchange Commission, now positions Backpack as the sole provider of regulated perpetual futures across Europe. Backpack’s CEO, Armani Ferrante, highlighted plans to launch …
$32.7M Deal: Backpack Exchange Acquires FTX EU to Lead Europe’s Crypto Futures Market Read More »
Do Kwon’s Fraud Case Could Involve Over a Million Victims, U.S. Filing Reveals
Do Kwon, co-founder of Terraform Labs, is facing nine felony charges in the U.S. following allegations of fraud tied to the collapse of Terraform’s cryptocurrency ecosystem. Prosecutors estimate over one million victims globally were affected, citing the impracticality of identifying all impacted individuals due to the nature of cryptocurrency transactions, which often occur without personal …
Do Kwon’s Fraud Case Could Involve Over a Million Victims, U.S. Filing Reveals Read More »
South Korea’s Jeju Island to Trial NFT Tourism Cards to Attract Younger Generations
South Korea’s Jeju Island, a renowned tourist destination and UNESCO World Heritage site, plans to launch NFT-based tourist cards in late 2025 to attract millennial and Gen Z visitors. These digital cards will offer exclusive perks, including travel subsidies and discounts at popular attractions, aiming to boost repeat visits from younger generations. Known for its …
South Korea’s Jeju Island to Trial NFT Tourism Cards to Attract Younger Generations Read More »
Leading Crypto Wallet Phantom Shuts Down Token Airdrop Rumors
Phantom Wallet, a digital asset management platform, has dispelled rumors about a potential token launch or airdrop tied to its new social discovery feature. On January 3, Phantom clarified via X that it has no plans for a token launch, despite speculation following the feature’s announcement on December 19. The social discovery feature enables users …
Leading Crypto Wallet Phantom Shuts Down Token Airdrop Rumors Read More »
Institutional Crypto Giant FalconX Shakes Up Market with Arbelos Acquisition
FalconX, a leading digital asset brokerage, has acquired crypto derivatives platform Arbelos Markets in a major crypto deal of 2025. The acquisition, confirmed by FalconX CEO Raghu Yarlagadda on January 2, will be financed through a mix of stock and cash, though financial terms remain undisclosed. This move aims to enhance FalconX’s institutional offerings by …
Institutional Crypto Giant FalconX Shakes Up Market with Arbelos Acquisition Read More »
Leaked Code Fuels Rumors of Bitcoin or Dogecoin in X Money Launch
Speculation about the imminent launch of “X Money,” the payment system for Elon Musk’s social media platform X, is growing following a leaked code snippet. The snippet included the message: “X Money is not available in your state,” hinting at potential state-by-state availability. X Payments LLC has secured money transmitter licenses in 39 states, though …
Leaked Code Fuels Rumors of Bitcoin or Dogecoin in X Money Launch Read More »
$66 Becomes $3M for Crypto Trader Thanks to Elon Musk’s Name Change
Elon Musk’s brief change to “Kekius Maximus” on X, inspired by a Pepe-Gladiator meme, turned a trader’s $66 investment in KEKIUS tokens into $3 million in just 18 days. The trader initially purchased 10.17 million tokens on Dec. 14, selling part of the stake for 60.3 Ether (ETH) on Jan. 1. Created on Dec. 13, …
$66 Becomes $3M for Crypto Trader Thanks to Elon Musk’s Name Change Read More »
Floki DAO Approves ETP Funding Amid Market Dip
The Floki DAO, overseeing the Floki memecoin, has unanimously approved using part of its 16.3 billion Floki tokens as liquidity for a new exchange-traded product (ETP). Scheduled to launch in Q1 2025, the Floki ETP will provide European investors access to the 66th-largest cryptocurrency by market capitalization, according to CoinMarketCap. The product will debut on …
Ethereum Co-Founder Vitalik Buterin Warns Against Musk’s Content Moderation Practices
Ethereum co-founder Vitalik Buterin has criticized Elon Musk’s approach to free speech and content moderation on X. In a December 31 post, Buterin urged Musk to adopt a more thoughtful tone and limit the use of account bans, referred to as the “banhammer.” His remarks followed backlash against Musk’s defense of H-1B visa tech workers, …
Ethereum Co-Founder Vitalik Buterin Warns Against Musk’s Content Moderation Practices Read More »
Vitalik Buterin Donates 50 ETH to Tornado Cash Developers’ Legal Fund
Ethereum co-founder Vitalik Buterin has donated 50 Ether (ETH), approximately $170,000, to the legal defense fund supporting Tornado Cash developers Roman Storm and Alexey Pertsev. This contribution, disclosed by the Juicebox project Free Pertsev and Storm on December 31, represents about 25% of the $650,000 collected by JusticeDAO for the developers’ legal battles. Roman Storm …
Vitalik Buterin Donates 50 ETH to Tornado Cash Developers’ Legal Fund Read More »
Crypto Giant Tether Strengthens Reserves with Massive $780M Bitcoin Boost
Tether, the stablecoin issuer, has bolstered its Bitcoin (BTC) reserves with a substantial addition of 8,404.5 BTC, valued at approximately $780 million. This marks Tether’s largest acquisition since March 2024, increasing its total holdings to 83,759 BTC, worth $7.75 billion. The purchases were identified by blockchain analytics firm Arkham Intelligence, with Bitcoin trading at $92,500 …
Crypto Giant Tether Strengthens Reserves with Massive $780M Bitcoin Boost Read More »
MoonPay Makes Waves with MiCA Approval in the Netherlands
MoonPay, a crypto payments platform, has received a license to operate in the Netherlands under the European Union’s Markets in Crypto-Assets (MiCA) framework. Announced on December 30, this approval from the Dutch Authority for the Financial Markets aligns MoonPay with MiCA regulations, marking a significant milestone as the framework’s provisions become fully enforceable across the …
MoonPay Makes Waves with MiCA Approval in the Netherlands Read More »
Betrayal or Business? Solana Co-Founder Sued Over Ex-Wife’s Crypto Rewards
Elisa Rossi, the ex-wife of Solana co-founder Stephen Akridge, has filed a lawsuit in San Francisco Superior Court, accusing Akridge of secretly profiting from staking rewards tied to her Solana (SOL) cryptocurrency holdings. The lawsuit alleges that Akridge, leveraging his expertise in cryptocurrencies, continued staking SOL tokens—purportedly belonging to Rossi—after their March divorce agreement, which …
Betrayal or Business? Solana Co-Founder Sued Over Ex-Wife’s Crypto Rewards Read More »
Netflix’s Squid Game Season 2 Sparks a Surge in Crypto Fraud
The release of Squid Game Season 2 on December 26 has coincided with a surge of crypto tokens bearing the show’s name, sparking warnings from blockchain experts about scams and potential rug pulls. The Korean thriller, known for its story of desperate contestants competing in life-threatening games, now serves as a cautionary backdrop for crypto …
Netflix’s Squid Game Season 2 Sparks a Surge in Crypto Fraud Read More »
Is USDT Facing a European Ban? MiCA Compliance Remains a Mystery
As the European Union’s Markets in Crypto-Assets Regulation (MiCA) nears full implementation on December 30, 2024, questions remain about Tether’s USDT stablecoin compliance. Earlier this month, U.S.-based exchange Coinbase delisted USDT, citing MiCA-related concerns, while European platforms like Binance EU and Crypto.com continue to list it, awaiting regulatory guidance. Despite the European Securities and Markets …
Is USDT Facing a European Ban? MiCA Compliance Remains a Mystery Read More »
Trump-Associated Firm Seeks Approval for Bitcoin Bond ETF
Strive Asset Management, founded by entrepreneur Vivek Ramaswamy, has filed with U.S. regulators to launch a Bitcoin-focused exchange-traded fund (ETF). Submitted on December 26, the proposal outlines the creation of the Strive Bitcoin Bond ETF, which will invest in “Bitcoin Bonds.” These are convertible securities from companies like MicroStrategy that allocate significant funds to Bitcoin …
Trump-Associated Firm Seeks Approval for Bitcoin Bond ETF Read More »
Floki DAO Prepares to Challenge Dogecoin with European ETP
Floki DAO, the decentralized organization behind the Floki memecoin, has proposed allocating 16 billion FLOKI tokens (approximately $2.8 million) from its treasury to support the creation of a European exchange-traded product (ETP). If approved, Floki would become the second memecoin, after Dogecoin, to achieve this milestone. The proposal, submitted on December 25, has received unanimous …
Floki DAO Prepares to Challenge Dogecoin with European ETP Read More »
From Farm to Blockchain: Agridex Launches Coffee Trade on Solana
Solana-based platform Agridex has revolutionized agricultural commodity trading by completing its first on-chain coffee trade. UK-based Tiki Tonga Coffee exported coffee to South Africa, settling payments in British pounds and South African rands entirely via blockchain. This innovative transaction cost only a 0.5% fee, a drastic reduction from the typical 5%-7% fees in traditional systems, …
From Farm to Blockchain: Agridex Launches Coffee Trade on Solana Read More »
$500K Heist: Hacker Exploits 15 X Accounts in Shocking Memecoin Scam
A hacker exploited 15 compromised X accounts to steal approximately $500,000 through phishing scams involving memecoins, as reported by blockchain investigator ZachXBT on Dec. 24. The attacker deceived users by impersonating X’s team and sending fake copyright infringement notices, prompting victims to visit fraudulent websites where they unknowingly reset their X account credentials and two-factor …
$500K Heist: Hacker Exploits 15 X Accounts in Shocking Memecoin Scam Read More »
MicroStrategy Plans Special Meeting to Fund Massive Bitcoin Expansion
MicroStrategy has filed with the SEC to seek shareholder approval for expanding its share authorization as part of its ambitious Bitcoin-focused “21/21 Plan.” The proposal aims to increase authorized Class A common stock from 330 million to 10.33 billion shares and preferred stock from 5 million to over 1 billion shares. This move would enable greater …
MicroStrategy Plans Special Meeting to Fund Massive Bitcoin Expansion Read More »
Russia Announces Regional Crypto Mining Bans and Winter Restrictions
Russia has announced a six-year ban on cryptocurrency mining in 10 regions, starting January 1, 2025, and ending March 15, 2031. The ban applies to regions such as Dagestan, Chechnya, and the newly annexed territories, prohibiting both individual miners and mining pools. Additionally, seasonal restrictions will be imposed in Siberian regions, including Irkutsk, Buryatia, and …
Russia Announces Regional Crypto Mining Bans and Winter Restrictions Read More »
La Rosa Holdings Introduces Crypto Payments for Real Estate Commissions
La Rosa Holdings, a Nasdaq-listed firm, has announced its plans to enable Bitcoin and cryptocurrency payments for its network of over 3,000 U.S.-based real estate agents. This initiative, unveiled on December 23, allows agents to receive commissions in digital assets, catering to the growing demand for alternative payment methods. The company’s real estate platform, La …
La Rosa Holdings Introduces Crypto Payments for Real Estate Commissions Read More »
$81 Trillion Bitcoin Reserve Plan Touted by Michael Saylor
Michael Saylor, MicroStrategy founder and Bitcoin advocate, unveiled a Digital Assets Framework for the U.S., proposing a Bitcoin reserve to address national debt and bolster the dollar’s global strength. Saylor suggests this reserve could generate $16 to $81 trillion for the U.S. Treasury, positioning America as a leader in the digital economy. The framework outlines …
$81 Trillion Bitcoin Reserve Plan Touted by Michael Saylor Read More »
Tether Makes $775M Investment in Rumble Video Platform
Tether, the issuer of the largest stablecoin, has invested $775 million in Rumble, a video-sharing platform known for promoting uncensored content as an alternative to YouTube. Tether CEO Paolo Ardoino emphasized that the investment aligns with the company’s values of free speech and financial freedom. The partnership aims to enhance Rumble’s advertising, cloud infrastructure, and crypto payment capabilities. Rumble CEO Chris Pavlovski expressed excitement about the collaboration and issued a bold …
Tether Makes $775M Investment in Rumble Video Platform Read More »
Aptos CEO Mo Shaikh Resigns, Avery Ching Steps In
Mohammad Shaikh, co-founder and CEO of Aptos Labs, has stepped down from his leadership role to explore new opportunities. His co-founder and Chief Technology Officer, Avery Ching, will take over as CEO. Since founding Aptos Labs in 2021, Shaikh has been pivotal in launching the blockchain’s mainnet in October 2022, securing $400 million in funding, …
Aptos CEO Mo Shaikh Resigns, Avery Ching Steps In Read More »
Hawk Tuah Memecoin Creators Sued—What Went Wrong After the $491M Surge?
Investors have filed a lawsuit against the creators and promoters of the Hawk Tuah (HAWK) memecoin, alleging it was sold as part of an unregistered securities offering. The legal complaint, submitted on December 19, names entities including Tuah The Moon Foundation, OverHere Ltd, and individuals Clinton So and Alex Larson Schultz. Plaintiffs accuse them of …
Hawk Tuah Memecoin Creators Sued—What Went Wrong After the $491M Surge? Read More »
El Salvador to Ease Bitcoin Mandate in $1.4 Billion IMF Agreement
El Salvador has reached a $1.4 billion loan agreement with the International Monetary Fund (IMF), committing to significant policy changes that include scaling back its Bitcoin initiatives. Under the 40-month deal, businesses will no longer be required to accept Bitcoin, making its use voluntary. The government will also reduce its involvement in Bitcoin-related activities, including …
El Salvador to Ease Bitcoin Mandate in $1.4 Billion IMF Agreement Read More »
Crypto Bloodbath: Fed’s Rate Cuts and Inflation Forecast Send Bitcoin to $100.3K
The cryptocurrency market experienced a sharp decline following the Federal Reserve’s announcement of a 25 basis point rate cut and a surprisingly cautious 2025 outlook. Bitcoin fell 4.6% to $100,300, while Ether dropped 5.96% to $3,600. Although the rate cut was expected, the Fed signaled plans for only two additional cuts in 2025, unsettling investors. …
Crypto Bloodbath: Fed’s Rate Cuts and Inflation Forecast Send Bitcoin to $100.3K Read More »
Binance Australia Faces Allegations of Misclassifying Retail Investors
The Australian Securities and Investments Commission (ASIC) has sued Binance Australia Derivatives for allegedly failing to meet consumer protection standards. ASIC claims the platform misclassified over 500 retail clients as wholesale investors between July 2022 and April 2023, depriving them of essential protections under Australian financial laws. Retail clients are entitled to stronger safeguards, including …
Binance Australia Faces Allegations of Misclassifying Retail Investors Read More »
Remote and Stripe Enable USDC Payments for Contractors in 69 Countries
Remote, a global payroll provider, has launched a new service allowing U.S.-based companies to pay contractors in 69 countries using USD Coin (USDC), a dollar-pegged stablecoin. This initiative, developed in collaboration with payment provider Stripe, aims to streamline international payments and meet rising demand for flexible, fast, and stable payment solutions in the globalized post-pandemic …
Remote and Stripe Enable USDC Payments for Contractors in 69 Countries Read More »
UK Regulator Slams Solana’s ‘Retardio’ Project – Consumers Urged to Stay Cautious
The UK’s Financial Conduct Authority (FCA) has issued a warning about the Solana-based “Retardio” memecoin, citing concerns over unauthorized financial promotions targeting UK consumers. On December 16, the FCA highlighted that Retardio, tied to a Solana-based NFT collection with $31 million in lifetime sales, might be providing financial services without proper authorization. The associated token, …
UK Regulator Slams Solana’s ‘Retardio’ Project – Consumers Urged to Stay Cautious Read More »
Ripple’s RLUSD Stablecoin to Go Live on Dec. 17 Amid Early Volatility Concerns
Ripple is set to launch its U.S. dollar-backed stablecoin, RLUSD, on December 17, making it accessible on the XRP Ledger and Ethereum networks. The stablecoin has received approval from the New York Department of Financial Services (NYDFS), ensuring credibility and compliance. RLUSD will initially be distributed on platforms like Uphold, MoonPay, Archax, and CoinMENA, with …
Ripple’s RLUSD Stablecoin to Go Live on Dec. 17 Amid Early Volatility Concerns Read More »
Michael Saylor Teases MicroStrategy’s First Bitcoin Buy Above $100K
MicroStrategy, led by Michael Saylor, may have made its first Bitcoin purchase at an average price exceeding $100,000. On Dec. 15, Saylor hinted at the acquisition with a cryptic post on X, following his pattern of suggesting Bitcoin buys before official confirmations. Bitcoin’s price surpassed six figures on Dec. 13, and if confirmed, this purchase …
Michael Saylor Teases MicroStrategy’s First Bitcoin Buy Above $100K Read More »
Sui Partners with Ant Digital to Tokenize Real-World Solar Assets
Sui Blockchain has partnered with Ant Digital, a division of China’s Ant Group, to tokenize real-world assets (RWA) with a focus on environmental, social, and governance (ESG) initiatives. The collaboration begins by tokenizing assets, termed “notes,” from an unnamed Chinese solar material manufacturer listed in the Fortune China Top 500. This initiative leverages blockchain technology …
Sui Partners with Ant Digital to Tokenize Real-World Solar Assets Read More »
Solana Dethrones Ethereum as the Go-To Platform for Fresh Dev Talent for the First Time
In 2024, Solana overtook Ethereum as the leading blockchain ecosystem for onboarding new developers, ending Ethereum’s eight-year streak. A report by Electric Capital revealed that Solana attracted 7,625 new developers, surpassing Ethereum’s 6,456. This marked the first time since 2016 that Ethereum was surpassed in new developer adoption. Much of Solana’s growth was driven by …
Solana Dethrones Ethereum as the Go-To Platform for Fresh Dev Talent for the First Time Read More »
Avalanche Completes $250M Fundraising for Avalanche9000 Mainnet Launch
Layer-1 blockchain Avalanche has raised $250 million through a private locked-token sale involving over 40 prominent investors, including Galaxy Digital, Dragonfly, and ParaFi Capital. The funds will bolster Avalanche’s $3 billion treasury as the network gears up for the “Avalanche9000” upgrade, considered one of its most significant advancements. Notable participants in the funding round include …
Avalanche Completes $250M Fundraising for Avalanche9000 Mainnet Launch Read More »
Vancouver Council Approves Bitcoin-Friendly Initiative
Vancouver City Council has approved a motion to explore integrating Bitcoin into municipal financial operations, aiming to address challenges like inflation and currency devaluation. Proposed by Mayor Ken Sim, the initiative includes evaluating a Bitcoin reserve and enabling payments with Bitcoin. The motion received support from six councilors, while two opposed it and three were …
Vancouver Council Approves Bitcoin-Friendly Initiative Read More »
Ubisoft and Arbitrum Team Up for Dec. 18 Release of ‘Captain Laserhawk’
Ubisoft and the Arbitrum Foundation have announced the launch of Captain Laserhawk: The G.A.M.E., a Web3-enabled top-down shooter, set to release on December 18. The game integrates characters from iconic Ubisoft franchises such as Far Cry: Blood Dragon, Rayman, Assassin’s Creed, and more. Offering a blend of classic shooter mechanics, competitive leaderboards, and Web3 features, …
Ubisoft and Arbitrum Team Up for Dec. 18 Release of ‘Captain Laserhawk’ Read More »
Binance Partners With Circle to Boost USDC Adoption Worldwide
Binance, the world’s largest cryptocurrency exchange, has partnered with Circle, the issuer of the USDC stablecoin, to boost USDC’s global adoption. Announced during Abu Dhabi Finance Week, this collaboration aims to enhance USDC’s presence on Binance’s platform, which serves 240 million users. USDC will now feature expanded trading pairs, exclusive promotions, and broader integration across …
Binance Partners With Circle to Boost USDC Adoption Worldwide Read More »
Bitcoin Reserve Proposal Fails at Microsoft Shareholders Meeting
Microsoft shareholders have rejected a proposal to allocate part of the company’s balance sheet to Bitcoin (BTC). The proposal, presented at the annual shareholder meeting on December 10 by the National Center for Public Policy Research (NCPPR), suggested Bitcoin adoption could diversify profits and provide long-term value. The NCPPR argued that Microsoft should invest 1-5% …
Bitcoin Reserve Proposal Fails at Microsoft Shareholders Meeting Read More »
Google’s Breakthrough Quantum Chip Sparks Fears for Crypto Security
Google’s Quantum AI team has introduced its latest quantum computing chip, Willow, which achieves groundbreaking performance. It solved a problem in under five minutes that would take the fastest supercomputers 10 septillion years. The chip also reduces errors exponentially as more qubits are added, addressing a longstanding hurdle in quantum computing. This advance, known as …
Google’s Breakthrough Quantum Chip Sparks Fears for Crypto Security Read More »
Floki Launches Multi-Crypto Debit Card for European Users
Floki, in partnership with Mastercard, has launched a new debit card across 31 European countries, enabling seamless cryptocurrency transactions. Available in both physical and virtual forms, the card supports transactions on eight blockchains and can be topped up using 13 cryptocurrencies, including Floki Inu (FLOKI), Bitcoin (BTC), and Ether (ETH). Users can spend cryptocurrencies anywhere …
Floki Launches Multi-Crypto Debit Card for European Users Read More »
Amazon Faces Investor Demand for Bitcoin in Its Balance Sheet
Amazon shareholders, led by the National Center for Public Policy Research (NCPPR), have proposed allocating 5% of Amazon’s corporate treasury to bitcoin as a hedge against inflation. The proposal argues that Amazon’s current asset strategy, focused on cash, equivalents, and bonds, inadequately protects shareholder value. It cites companies like MicroStrategy and Tesla, which have seen …
Amazon Faces Investor Demand for Bitcoin in Its Balance Sheet Read More »
Cardano Foundation X Account Hacked, Fraudulent Token Promoted
The Cardano Foundation’s X account was hacked on December 8, with attackers promoting a fake token, “ADAsol,” and falsely claiming ADA support was ending due to an alleged SEC lawsuit. Founder Charles Hoskinson confirmed the breach, during which the fraudulent token briefly amassed $500,000 in trading before its value collapsed by 99%. The scam post …
Cardano Foundation X Account Hacked, Fraudulent Token Promoted Read More »
‘Crazy’: Ex-Treasury Secretary Blasts Trump’s Push for a Bitcoin Reserve
Former U.S. Treasury Secretary Lawrence Summers dismissed President-elect Donald Trump’s proposal for a national Bitcoin reserve as “crazy,” suggesting it panders to crypto campaign donors. Speaking on Bloomberg TV, Summers argued that, unlike strategic reserves like oil or gold, a Bitcoin reserve serves no practical purpose and is merely a sterile inventory. Trump’s campaign had …
‘Crazy’: Ex-Treasury Secretary Blasts Trump’s Push for a Bitcoin Reserve Read More »
Worksport Announces Bitcoin, XRP Treasury Strategy; Shares Jump 9%
Shares of Worksport (NASDAQ: WKSP), a U.S.-based energy solutions company, rose 9.1% on December 5 following its announcement to integrate Bitcoin (BTC) and XRP into its treasury strategy. The company plans to allocate up to 10% of surplus cash, with an initial investment of $5 million, into these cryptocurrencies to hedge against inflation and diversify …
Worksport Announces Bitcoin, XRP Treasury Strategy; Shares Jump 9% Read More »
Mt. Gox Moves $2.4 Billion in Bitcoin Minutes After BTC Tops $100K
The defunct cryptocurrency exchange Mt. Gox transferred 24,051 Bitcoin (BTC), worth $2.4 billion, to an unknown address on December 5, just minutes after Bitcoin surpassed the $100,000 milestone. This marked Mt. Gox’s first activity since November 12, with the transfer occurring 12 minutes after Bitcoin broke $100,000. Bitcoin continued to surge, reaching $104,000 shortly afterward. …
Mt. Gox Moves $2.4 Billion in Bitcoin Minutes After BTC Tops $100K Read More »
Putin Declares Bitcoin and Crypto Development Unstoppable
Russian President Vladimir Putin has emphasized that cryptocurrencies, including bitcoin, cannot be banned and will continue to evolve, regardless of challenges faced by the U.S. dollar. Speaking at the Russia Calling conference, Putin highlighted the inevitability of technological advancement in payment systems, noting their potential to reduce costs and enhance reliability. This perspective aligns with …
Putin Declares Bitcoin and Crypto Development Unstoppable Read More »
Enron Brand Revived 23 Years Later, Teases Crypto Token in Prank
Twenty-three years after the collapse of Enron due to a massive accounting fraud scandal, the infamous brand has resurfaced in a satirical relaunch, teasing the idea of a crypto token. On December 2, the anniversary of Enron’s 2001 bankruptcy, a parody account posted on X (formerly Twitter) announcing the company’s “return” as a solution to …
Enron Brand Revived 23 Years Later, Teases Crypto Token in Prank Read More »
Celsius Founder Pleads Guilty to Manipulating CEL Token Prices, Faces Up to 30 Years
Alex Mashinsky, former CEO of Celsius Network, pleaded guilty to commodities fraud and price manipulation of the CEL token as part of a plea deal with U.S. prosecutors. During a December 3 hearing in the U.S. District Court for the Southern District of New York, Mashinsky admitted to misleading investors, claiming Celsius had regulatory approval …
Celsius Founder Pleads Guilty to Manipulating CEL Token Prices, Faces Up to 30 Years Read More »
Experts Slam US Bitcoin Sales as a Strategic Misstep
The U.S. government’s recent transfer of $1.9 billion worth of Bitcoin (19,800 BTC) to Coinbase has sparked significant criticism from crypto industry leaders and analysts, who view it as a strategic misstep. Jason Lowery, a U.S. Space Force officer and author, argued the government undervalues Bitcoin’s potential, warning the sale may echo past misjudgments like …
Experts Slam US Bitcoin Sales as a Strategic Misstep Read More »
U.S. Moves $2B in Silk Road Bitcoin to Coinbase Prime, Sparking Market Concerns
A major Bitcoin transfer, involving nearly $2 billion worth of cryptocurrency tied to the Silk Road dark web marketplace, has raised concerns over potential market impacts. On Monday, 19,800 BTC from the U.S. government’s Silk Road confiscation was moved to Coinbase Prime, according to blockchain data. The Bitcoin was first transferred from a government-controlled wallet …
U.S. Moves $2B in Silk Road Bitcoin to Coinbase Prime, Sparking Market Concerns Read More »
$320M Hack Forces Japanese Crypto Exchange DMM Bitcoin to Close
Japanese cryptocurrency exchange DMM Bitcoin has announced its closure following a $320 million hack in May 2024 that compromised over 4,500 BTC. The breach, attributed to a private key compromise linked to the Lazarus Group, is among Japan’s largest crypto heists, second only to the $530 million Coincheck hack in 2018. Despite assurances to fully …
$320M Hack Forces Japanese Crypto Exchange DMM Bitcoin to Close Read More »
XRP Flips Solana in Market Cap—A Game-Changer for Ripple
Ripple’s XRP has climbed to the fourth spot among cryptocurrencies by market capitalization, surpassing Solana (SOL) on December 1, 2024. With a market cap exceeding $122 billion, compared to Solana’s $111.9 billion, XRP has cemented its position as a major player in the crypto market. This surge is supported by a circulating supply of approximately …
XRP Flips Solana in Market Cap—A Game-Changer for Ripple Read More »
Charles Hoskinson Says Bitcoin DeFi Will Outshine Ethereum and Solana
Cardano founder Charles Hoskinson predicts that Bitcoin’s decentralized finance (DeFi) ecosystem will surpass all other platforms within two to three years, citing its unmatched scale and liquidity potential. In a recent video, he emphasized Bitcoin’s evolution from a “sleeping giant” to a dominant force, outshining networks like Ethereum and Solana. Hoskinson believes Bitcoin DeFi, supported …
Charles Hoskinson Says Bitcoin DeFi Will Outshine Ethereum and Solana Read More »
$10M CRO Prize to Be Awarded at Crypto.com-Sponsored Golf Event
Crypto.com is set to make history by sponsoring a groundbreaking golf tournament featuring a $10 million prize entirely in cryptocurrency, marking the first such event in the sport. The Crypto.com Showdown, scheduled for Dec. 14 at Shadow Creek Golf Course in Las Vegas, will unite players from the PGA Tour and LIV Golf. This innovative …
$10M CRO Prize to Be Awarded at Crypto.com-Sponsored Golf Event Read More »
SOS Ltd Joins Bitcoin Frenzy with $50M Buy, Shares Skyrocket
SOS Ltd, a China-based financial services firm, announced a $50 million investment in Bitcoin, leading its stock to surge over 40% on Nov. 27. The company operates a Bitcoin mining facility in Wisconsin and views Bitcoin as a “store of value and strategic asset.” SOS plans to leverage strategies such as trading, investing, and arbitrage …
SOS Ltd Joins Bitcoin Frenzy with $50M Buy, Shares Skyrocket Read More »
Justin Sun Becomes Adviser to Trump’s World Liberty Financial After $30M Token Investment
Crypto entrepreneur Justin Sun, founder of the Tron blockchain, has joined Donald Trump’s cryptocurrency venture, World Liberty Financial (WLFI), as an adviser. This move follows Sun’s $30 million purchase of WLFI tokens, which came after lackluster token sales. WLFI praised Sun’s expertise, emphasizing his potential to drive innovation and growth. The venture aims to become …
Trump Administration May Hand Crypto Oversight to CFTC
The Trump administration may transfer regulatory authority over cryptocurrency markets to the U.S. Commodity Futures Trading Commission (CFTC), according to a Nov. 26 Fox Business report. This shift would position the CFTC, rather than the Securities and Exchange Commission (SEC), as the primary regulator for crypto exchanges and digital assets classified as commodities. Advocates of …
Trump Administration May Hand Crypto Oversight to CFTC Read More »
Kraken to Close NFT Marketplace After One Year
Cryptocurrency exchange Kraken is shutting down its NFT marketplace, transitioning to a withdrawal-only mode starting November 27, 2024. The platform will remain operational for withdrawals for three months before permanently closing. This move is part of Kraken’s strategy to reallocate resources toward new product development, including unannounced initiatives. Clients have been advised to transfer their …
Ethereum Regains Its USDT Throne, Overtaking Tron After Two Years
Ethereum has regained its position as the leading blockchain for Tether’s USDT stablecoin, surpassing Tron for the first time since August 2022. As of November 21, Ethereum hosts $60.3 billion of USDT, a 10% increase in the past week, while Tron’s USDT supply declined by 1.5% to $58.1 billion. Ethereum now holds 45.4% of the …
Ethereum Regains Its USDT Throne, Overtaking Tron After Two Years Read More »
Sui and Babylon Partner to Launch Bitcoin Staking
Starting in December, Bitcoin holders can stake BTC on Babylon, a Bitcoin layer-2 (L2) solution, via the Sui network. This initiative, announced by Babylon Labs and Lombard Protocol, aims to expand decentralized finance (DeFi) opportunities for Bitcoin holders. By staking BTC on Babylon, users can mint LBTC, Lombard’s liquid staking token (LST), to access Sui’s …
Sui and Babylon Partner to Launch Bitcoin Staking Read More »
Axie Infinity Maker Sky Mavis Announces Layoffs and New Projects
Sky Mavis, the company behind Axie Infinity and the Ronin blockchain, has announced a 21% workforce reduction to realign resources with its long-term vision. CEO Trung Nguyen clarified that the layoffs reflect a strategic shift rather than financial instability, aiming to position the company for growth in 2025 and beyond. Affected employees will receive severance …
Axie Infinity Maker Sky Mavis Announces Layoffs and New Projects Read More »
Tether Mints $3 Billion in USDt as Crypto Markets Heat Up
Tether, the issuer of the stablecoin USDt, has surpassed $134 billion USDt in circulation as of November 2024. On November 23, Tether minted $3 billion USDt across Ethereum and Tron, responding to heightened trading activity linked to Bitcoin’s surge near $100,000. Blockchain analytics indicate $2 billion was minted on Ethereum and $1 billion on Tron. …
Tether Mints $3 Billion in USDt as Crypto Markets Heat Up Read More »
Texas Considers Bitcoin Reserve Legislation, SAF CEO Reveals
Texas is exploring the possibility of creating a strategic Bitcoin reserve, as revealed by Dennis Porter, CEO of the Satoshi Action Fund (SAF), at the North American Blockchain Summit. A Texas lawmaker has initiated discussions about introducing legislation for a state-level Bitcoin reserve, signaling significant implications for the state, which boasts the eighth-largest economy globally …
Texas Considers Bitcoin Reserve Legislation, SAF CEO Reveals Read More »
SEC Chair Gary Gensler Announces 2025 Departure
Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), will step down on January 20, 2025, coinciding with the start of President-elect Donald Trump’s second term. Gensler, who has led the SEC since 2021, is recognized for his stringent regulatory approach, particularly toward cryptocurrencies. During his tenure, the SEC initiated over 100 enforcement …
MicroStrategy’s Unrealized Bitcoin Gains Top $15B as Stock Soars
MicroStrategy’s stock has surged 94% in 2024, driven by Bitcoin’s rise above $97,000. As the largest corporate holder of Bitcoin, with 331,200 BTC valued at approximately $32 billion, the company has $15.51 billion in unrealized gains. Its performance has outpaced most tech stocks, with only Nvidia surpassing its 180% YTD growth. This reflects the growing …
MicroStrategy’s Unrealized Bitcoin Gains Top $15B as Stock Soars Read More »
Trump Reportedly Plans to Make White House Crypto History
President-elect Donald Trump is reportedly considering the creation of a White House role focused exclusively on cryptocurrency policy, according to Bloomberg. If established, this would be the first crypto-specific position in White House history, reflecting the growing importance of the sector in Trump’s administration. Discussions are ongoing with industry leaders, and potential candidates are being …
Trump Reportedly Plans to Make White House Crypto History Read More »
Memecoin Trader Turns $460 into $988K Despite Fraudulent Token
A cryptocurrency trader achieved an extraordinary 2,100-fold return on investment in just three hours, turning $460 into $988,000 despite engaging with a scam token. On Nov. 20, the trader purchased 18.89 million Gen Z Quant (QUANT) tokens, a memecoin launched on Solana’s Pump.fun platform, for 2 Solana (SOL). Before the token’s collapse in a rug …
Memecoin Trader Turns $460 into $988K Despite Fraudulent Token Read More »
Coinbase Announces End of Support for Wrapped Bitcoin
Coinbase will suspend trading for Wrapped Bitcoin (WBTC) starting December 19, 2024, citing a failure to meet its listing standards. This decision follows a review of listed assets, according to an announcement made on November 19 via X (formerly Twitter). Trading of WBTC has already ceased, with Coinbase now limiting transactions to order placements. The …
Coinbase Announces End of Support for Wrapped Bitcoin Read More »
Binance BFUSD Sparks Debate: High-Yield Promise, But Not a Stablecoin
Binance has clarified that its upcoming asset, BFUSD, is not a stablecoin and has yet to be officially launched, addressing concerns sparked by speculation on social media. On November 17, crypto news aggregator Zoomerfied claimed Binance would introduce a stablecoin with a 19.55% annual yield, drawing comparisons to TerraClassicUSD (USTC), the failed algorithmic stablecoin of …
Binance BFUSD Sparks Debate: High-Yield Promise, But Not a Stablecoin Read More »
Coinbase CEO to Meet Trump Over Administration Staffing Plans
Coinbase CEO Brian Armstrong is scheduled to meet with President-elect Donald Trump to discuss administration appointments, as reported by The Wall Street Journal on November 18. While Armstrong hasn’t contributed directly to Trump’s 2024 campaign or associated PACs, he previously expressed Coinbase’s willingness to work with either a Trump or Kamala Harris-led administration. It’s unclear …
Coinbase CEO to Meet Trump Over Administration Staffing Plans Read More »
Poland’s Future with Bitcoin? Presidential Candidate Makes Bold Commitment
Polish presidential candidate Sławomir Mentzen has pledged to establish a national Bitcoin reserve if elected in 2025, signaling a strong pro-cryptocurrency stance. Announced on Nov. 17 via X (formerly Twitter), Mentzen aims to make Poland more crypto-friendly, aligning with libertarian and right-wing voters. Responding to a proposal by Lech Wilczynski, CEO of Swap.ly, Mentzen affirmed …
Poland’s Future with Bitcoin? Presidential Candidate Makes Bold Commitment Read More »
XRP Surge Sparks Backlash Over Alleged Ripple-Trump Connections
Ripple Labs and its CEO, Brad Garlinghouse, have faced scrutiny after rumors emerged of a potential meeting between Garlinghouse and President-elect Donald Trump. The speculation, which gained traction on social media, coincided with a 17% surge in Ripple’s cryptocurrency, XRP, reflecting optimism about a friendlier U.S. regulatory environment. Industry figures like Ryan Selkis and Pierre …
XRP Surge Sparks Backlash Over Alleged Ripple-Trump Connections Read More »
Consensys’ Infura Joins EigenLayer as a Decentralized AVS Platform
Infura, Consensys’ Ethereum validator node provider, has taken a major step toward decentralization with the announcement of its integration as an Actively Validated Service (AVS) on EigenLayer, Ethereum’s restaking platform. Revealed at Devcon 2024 in Bangkok, this move enhances Infura’s Decentralized Infrastructure Network (DIN), a “Web3 app store” connecting developers to major blockchain networks like …
Consensys’ Infura Joins EigenLayer as a Decentralized AVS Platform Read More »
Pennsylvania Bill Proposes State Treasury Investment in Bitcoin Reserve
A proposed Pennsylvania bill (HB 2664) seeks to allow the state treasury to invest up to 10% of its funds in Bitcoin, potentially creating a multibillion-dollar cryptocurrency reserve. Introduced by Representative Mike Cabell on November 13, the bill aims to leverage Bitcoin as a hedge against inflation and financial instability, reflecting a growing trend where …
Pennsylvania Bill Proposes State Treasury Investment in Bitcoin Reserve Read More »
3AC Seeks $1.53 Billion from FTX, Alleging Unjust Asset Seizure
Three Arrows Capital (3AC) liquidators have raised their claim against FTX from $120 million to $1.53 billion, arguing that FTX unfairly liquidated 3AC’s assets just two weeks before the hedge fund’s collapse. 3AC contends that FTX seized $1.33 billion in assets to settle a debt and calls the transactions “avoidable and unfair,” claiming they harmed …
3AC Seeks $1.53 Billion from FTX, Alleging Unjust Asset Seizure Read More »
FBI Raids Polymarket CEO Shayne Coplan’s NYC Home, Sparking Investigation Rumors
Polymarket, a decentralized betting platform, and its CEO Shayne Coplan, are reportedly under scrutiny after an FBI raid on Coplan’s residence in New York City on November 13. The raid, conducted at 6:00 am ET, involved federal agents seizing Coplan’s phone and other devices, reportedly in connection to an investigation into potential market manipulation. This …
FBI Raids Polymarket CEO Shayne Coplan’s NYC Home, Sparking Investigation Rumors Read More »
Italy Proposes 28% Crypto Tax, Easing from Planned 42% Rate Hike
Italy is considering a moderated 28% tax rate on cryptocurrency gains, a significant reduction from the initially proposed 42% rate. This proposal, supported by Italian Prime Minister Giorgia Meloni and Minister of Economy and Finance Giancarlo Giorgetti, follows recent discussions aiming to revise Italy’s approach to crypto taxation. The current proposal represents a shift from the …
Italy Proposes 28% Crypto Tax, Easing from Planned 42% Rate Hike Read More »
Kaiko Acquires Vinter, Reinforcing Its Position in Crypto Indexing and ETP Markets
Kaiko, a leading cryptocurrency data provider, has acquired Vinter, a European crypto index provider, to bolster its position in the US and European crypto indexing and analytics markets. Known for delivering crypto benchmarks for exchange-traded products (ETPs) on major European exchanges, Vinter adds significant expertise to Kaiko’s offerings, which include data services for major exchanges …
Kaiko Acquires Vinter, Reinforcing Its Position in Crypto Indexing and ETP Markets Read More »
Tether Launches Development Kit for Non-Custodial Wallets on AI and User Platforms
Tether, a major stablecoin provider, has launched an open-source wallet development kit (WDK) to allow businesses and developers to integrate non-custodial wallet capabilities into apps, websites, and devices, including those using AI. Announced on November 11, the WDK is a modular software toolkit that supports seamless integration of non-custodial wallets for Tether (USDT) and Bitcoin …
Tether Launches Development Kit for Non-Custodial Wallets on AI and User Platforms Read More »
Ex-Alameda Co-CEO Trabucco Hands Over Yacht, $8.7M in Properties in FTX Deal
Sam Trabucco, ex-co-CEO of Alameda Research, has agreed to a settlement with FTX Debtors involving the transfer of significant assets to help recover funds following FTX’s collapse. Trabucco will surrender two San Francisco properties, valued at $8.7 million, and a 53-foot yacht worth $2.5 million. He will also withdraw a $70 million claim against FTX, …
Ex-Alameda Co-CEO Trabucco Hands Over Yacht, $8.7M in Properties in FTX Deal Read More »
Mt. Gox Trustees Shake Up Crypto Scene with Multi-Billion Bitcoin Move
On November 11, 2024, trustees of the defunct Mt. Gox cryptocurrency exchange moved over 30,000 BTC (around $2.4 billion) between two wallets as Bitcoin’s price neared $82,000. Data from Arkham showed the transfer from wallet “1FG2C…Rveoy” to “1Fhod…LFRT”, with an additional $200 million sent to a Mt. Gox cold wallet. This follows similar movements by …
Mt. Gox Trustees Shake Up Crypto Scene with Multi-Billion Bitcoin Move Read More »
Cardano Founder Charles Hoskinson Expands Efforts to Influence US Crypto Policy
Cardano founder Charles Hoskinson has announced plans to establish a policy office within his blockchain company, Input Output, to actively influence U.S. cryptocurrency policy. Aiming to work closely with lawmakers in Washington, D.C., Hoskinson sees this as a pivotal moment for achieving regulatory clarity, especially with the potential for Republican control over key branches of …
Cardano Founder Charles Hoskinson Expands Efforts to Influence US Crypto Policy Read More »
$1.1 Billion Pours Into BlackRock Bitcoin ETF in Single Day as BTC Hits New High
BlackRock’s spot Bitcoin ETF (IBIT) experienced an unprecedented surge on November 7, with over $1 billion in inflows, marking a record since the ETF’s launch in January. This massive inflow occurred as Bitcoin’s price soared close to $77,000, highlighting increasing investor interest in Bitcoin. IBIT’s $1.1 billion inflows represented about 82% of total inflows among U.S.-listed …
$1.1 Billion Pours Into BlackRock Bitcoin ETF in Single Day as BTC Hits New High Read More »
WonderFi CEO Dean Skurka Kidnapped, Forced to Pay $1M Ransom
WonderFi Technologies CEO Dean Skurka was kidnapped in Toronto on November 6 and reportedly paid a $1 million ransom to secure his release. Following the incident, Skurka assured stakeholders that no company funds or data were compromised, specifying that he personally handled the ransom payment. The kidnapping took place during rush hour in downtown Toronto, …
WonderFi CEO Dean Skurka Kidnapped, Forced to Pay $1M Ransom Read More »
Tether Shakes Up Ethereum with $2 Billion USDT Transfer!
Tether, the issuer of the USDt stablecoin, recently completed a significant cross-chain swap, moving over 2 billion USDt from various blockchain networks, including Tron, Avalanche, Near Protocol, and EOS, to the Ethereum network. This transfer was initiated on behalf of an undisclosed large exchange seeking to consolidate its USDt holdings on Ethereum. Despite the swap, …
Tether Shakes Up Ethereum with $2 Billion USDT Transfer! Read More »
Senator Lummis Confirms Bitcoin Reserve Proposal Following GOP Senate Victory
Senator Cynthia Lummis of Wyoming has reaffirmed her commitment to establishing a “strategic Bitcoin reserve” following Republican gains in the U.S. Senate. This plan, originally part of the Bitcoin Act introduced in July, proposes that the U.S. government acquire 1 million BTC — about 5% of the total Bitcoin supply — and hold it for …
Senator Lummis Confirms Bitcoin Reserve Proposal Following GOP Senate Victory Read More »
Cyprus Regulator Extends FTX Europe Suspension for Fourth Time, Now Until May 2025
Cyprus’ Securities and Exchange Commission (CySEC) has extended the suspension of FTX Europe’s license until May 30, 2025, marking the fourth extension since FTX’s collapse. The extension, announced on November 5, 2023, prohibits FTX Europe from offering trading services, taking on new clients, or advertising, but allows existing clients to withdraw funds. Initially suspended in …
Cyprus Regulator Extends FTX Europe Suspension for Fourth Time, Now Until May 2025 Read More »
Polymarket Users May Wait Until January for Payouts if Election Winner Isn’t Clear
Polymarket, a prediction platform, has warned users that payouts for the 2024 U.S. presidential election may be delayed. According to platform rules, Polymarket requires a consensus from the Associated Press, Fox News, and NBC to declare a winner in the “Presidential Election Winner 2024” market. Without this unified media agreement, users may have to wait …
Polymarket Users May Wait Until January for Payouts if Election Winner Isn’t Clear Read More »
Semler Scientific’s $71M Bitcoin Bet: CEO Vows to Keep Buying
Semler Scientific, a medical device company, has expanded its Bitcoin holdings with a $71 million investment, acquiring a total of 1,058 BTC. Over the third quarter and early November, Semler added 181 Bitcoin, spending an additional $2.6 million beyond Q3. CEO Doug Murphy-Chutorian emphasized the company’s dedication to Bitcoin, aiming to grow its value while …
Semler Scientific’s $71M Bitcoin Bet: CEO Vows to Keep Buying Read More »
UK Pension Fund Embraces Crypto Future with 3% Bitcoin Allocation
A UK pension fund recently allocated 3% of its assets to Bitcoin, according to pension consultancy Cartwright, marking a notable shift in traditional investment strategies. Announced on November 4, the decision came after a detailed training and due diligence process, with the fund’s “long investment time horizon” as a guiding factor. Steve Robinson, Cartwright’s head …
UK Pension Fund Embraces Crypto Future with 3% Bitcoin Allocation Read More »
Kraken Launches Regulated Crypto Derivatives Service for Australian Institutions
Kraken, a major cryptocurrency exchange, has launched a licensed brokerage service in Australia tailored for institutional investors and large-scale clients. Starting November 3, eligible clients can trade crypto derivatives, allowing them to gain exposure to cryptocurrency price shifts without directly owning the assets. This service, accessible through the Kraken Pro app, reflects Kraken’s dedication to …
Kraken Launches Regulated Crypto Derivatives Service for Australian Institutions Read More »
$4M MetaWin Hack Sparks Security Concerns in Online Gambling Sector
In October, digital asset scams and hacks cost the industry over $129 million, according to cybersecurity firm CertiK. One of the recent victims, online casino MetaWin, lost $4 million on November 3 when a hacker exploited the platform’s withdrawal system. MetaWin’s CEO Skel reported that affected balances were replenished, and withdrawals resumed for most users. …
$4M MetaWin Hack Sparks Security Concerns in Online Gambling Sector Read More »
Paxos Rolls Out Singapore-Regulated USDG Stablecoin with DBS Bank Support
Paxos has partnered with DBS Bank to introduce the Global Dollar (USDG), a new Singapore-compliant stablecoin fully backed by U.S. dollar reserves. Launched on October 31, USDG follows the release of Paxos’ UAE-based stablecoin, Lift Dollar (USDL), in May. Approved by the Monetary Authority of Singapore (MAS) in July, USDG complies with Singapore’s stablecoin regulations, …
Paxos Rolls Out Singapore-Regulated USDG Stablecoin with DBS Bank Support Read More »
Binance Partners with AWS to Streamline KYC and Service Requests
Binance announced a collaboration with Amazon Web Services (AWS) to implement AWS’s generative AI in its operations, focusing on enhancing Know Your Customer (KYC) processes and service efficiency. The new AI-driven KYC system, launched on October 31, automates data entry, conducts proof-of-address verification, and improves screening accuracy by leveraging the World-Check database. This update has …
Binance Partners with AWS to Streamline KYC and Service Requests Read More »
Tron DAO Replaces WinkLink with Chainlink for Oracle Services
Tron’s DAO recently announced that it will partner with Chainlink as its new oracle provider, replacing WinkLink to support its DeFi applications JustLend and JustStable, which hold over $6.5 billion in total value locked (TVL). Chainlink’s data feeds will supply crucial pricing information, enhancing the DeFi experience on Tron. This partnership involves Tron joining Chainlink’s …
Tron DAO Replaces WinkLink with Chainlink for Oracle Services Read More »
Reddit Cashes Out on Bitcoin and Ether Holdings, Reports Low Returns
Reddit has offloaded most of its cryptocurrency assets, mainly Bitcoin and Ethereum, due to minimal gains from these holdings, as per its third-quarter 2024 report filed with the SEC. This move saw Reddit selling nearly all its cryptocurrency portfolio, with proceeds amounting to $6.869 million by September 30, though the financial impact of these sales …
Reddit Cashes Out on Bitcoin and Ether Holdings, Reports Low Returns Read More »
Visa Partners with Coinbase for Real-Time Crypto Access with Debit Cards
Coinbase and Visa have partnered to enable real-time transactions for crypto purchases, deposits, and withdrawals for U.S. and EU users with eligible Visa debit cards. Announced on Oct. 29, this collaboration allows Coinbase users with qualifying Visa cards to instantly transfer funds in and out of their accounts and make direct crypto purchases. Additionally, users …
Visa Partners with Coinbase for Real-Time Crypto Access with Debit Cards Read More »
dYdX CEO Slashes 35% of Staff to Tackle New Market Realities
dYdX, a prominent on-chain crypto derivatives exchange, recently cut 35% of its workforce, marking a significant strategic shift. CEO Antonio Juliano, who returned to his role earlier this month, explained in a blog post titled “Letting Go” that the company must restructure to meet evolving needs. Over the past year, dYdX has faced challenges, including …
dYdX CEO Slashes 35% of Staff to Tackle New Market Realities Read More »
Silk Road Fallout Continues: DOJ Charges Crypto Operator with Laundering and Tax Evasion
The U.S. Department of Justice (DOJ) has charged Maximiliano Pilipis, operator of crypto exchange AurumXchange, with money laundering and other federal offenses tied to the Silk Road darknet marketplace. The DOJ alleges that AurumXchange, under Pilipis’ leadership, processed over $30 million across 100,000 transactions, including funds tied to Silk Road accounts. Silk Road, created by …
Silk Road Fallout Continues: DOJ Charges Crypto Operator with Laundering and Tax Evasion Read More »
Robinhood Introduces 2024 Election Betting for Trump vs. Harris Showdown
Robinhood has introduced election prediction contracts, allowing eligible U.S. users to speculate on the outcome of the 2024 presidential race between Vice President Kamala Harris and Donald Trump. Announced on October 28, the contracts are offered by Robinhood’s derivatives branch and will settle after the results are certified by Congress on January 6, 2025. Robinhood …
Robinhood Introduces 2024 Election Betting for Trump vs. Harris Showdown Read More »
1inch Partners with Bruce Lee’s Family to Launch DeFi Awareness Campaign
DeFi platform 1inch has launched the “Take Crypto seriousLee” campaign in partnership with the Bruce Lee Family Company. This campaign aims to reshape perceptions of DeFi and cryptocurrency by linking Bruce Lee’s values of discipline and precision with DeFi’s financial innovations. The collaboration seeks to make DeFi more accessible and reputable by portraying it as …
1inch Partners with Bruce Lee’s Family to Launch DeFi Awareness Campaign Read More »
Tether CEO Discloses Reserve Assets, Denies WSJ Investigation Report
At the PlanB conference in Lugano, Tether CEO Paolo Ardoino outlined the reserves backing Tether’s USDT stablecoin, addressing scrutiny by U.S. authorities, including the Department of Justice and the Treasury. Tether’s assets include $100 billion in U.S. treasuries, over 82,000 Bitcoin, and 48 tons of gold. Ardoino countered recent reports from the Wall Street Journal, …
Tether CEO Discloses Reserve Assets, Denies WSJ Investigation Report Read More »
Bitcoin Bonanza: MicroStrategy Beats Microsoft in All-Time Stock Gains
MicroStrategy’s investment in Bitcoin has led to exceptional stock performance, with its shares climbing to a 25-year high of $236 on October 25, surpassing even Microsoft’s all-time gains. Over the past five years, MicroStrategy’s stock has outpaced all other S&P 500 companies, driven by its aggressive Bitcoin acquisition strategy led by CEO Michael Saylor. The …
Bitcoin Bonanza: MicroStrategy Beats Microsoft in All-Time Stock Gains Read More »
Will Microsoft Add Bitcoin to Its Balance Sheet? Board Says No, Investor Insists
Microsoft shareholders will vote in December on a proposal to evaluate the possibility of adding Bitcoin to the company’s balance sheet. The proposal, titled “Assessment of Investing in Bitcoin,” was submitted by the National Center for Public Policy Research, citing the success of MicroStrategy’s Bitcoin investment strategy, which has outperformed Microsoft’s stock by over 300% …
Will Microsoft Add Bitcoin to Its Balance Sheet? Board Says No, Investor Insists Read More »
Michael Saylor Backs Self-Custody After Fierce Backlash from Bitcoiners
Michael Saylor, founder of MicroStrategy and a prominent Bitcoin advocate, clarified his stance on Bitcoin custody following backlash from the crypto community. In a post on X (formerly Twitter) on October 23, Saylor reaffirmed his support for self-custody, emphasizing that individuals and institutions should have the freedom to choose their form of custody. His statement …
Michael Saylor Backs Self-Custody After Fierce Backlash from Bitcoiners Read More »
Ex-Celsius CEO to Face Court Over Fraud Charges on Nov. 13
Alex Mashinsky, former CEO of Celsius, will appear in a New York court on November 13, 2023, to address his motion to dismiss charges of fraud and market manipulation. This follows a filing by Judge John Koeltl of the U.S. District Court for the Southern District of New York. Mashinsky faces accusations, alongside former executive …
Ex-Celsius CEO to Face Court Over Fraud Charges on Nov. 13 Read More »
Polymarket Tightens US User Screening as Trump Gains Edge in Election Bets: Report
Polymarket, a crypto-based prediction platform, is seeing Donald Trump leading with 63.7% odds to win the 2024 U.S. presidential election, despite voter polls suggesting otherwise. Polymarket has stepped up efforts to block U.S. users from participating, as it is prohibited under U.S. law. Concerns have risen about bettors bypassing restrictions with VPNs, and large bettors, …
Polymarket Tightens US User Screening as Trump Gains Edge in Election Bets: Report Read More »
River Financial Launches FDIC-Backed Bitcoin Interest on Cash Deposits
River Financial has launched a new feature called “Bitcoin Interest on Cash,” allowing users to earn interest on cash deposits with payouts in either USD or Bitcoin (BTC). The current variable interest rate stands at 3.8% as of October 22. This product is designed for Bitcoin holders who want to maintain a cash reserve while …
River Financial Launches FDIC-Backed Bitcoin Interest on Cash Deposits Read More »
Bitcoin Community Slams Saylor for Shifting Away from Self-Custody
Michael Saylor, executive chairman of MicroStrategy and a prominent Bitcoin advocate, is facing criticism for endorsing Bitcoin custodianship through large financial institutions, diverging from his previous stance on self-custody. In an interview, Saylor suggested that Bitcoin holders should trust “too big to fail” banks to safeguard their assets, downplaying fears of government seizures and dismissing …
Bitcoin Community Slams Saylor for Shifting Away from Self-Custody Read More »
Ripple Co-Founder Backs Kamala Harris PAC with $10M XRP Donation
Ripple co-founder Chris Larsen has donated $10 million in XRP to Future Forward USA, a super PAC supporting Vice President Kamala Harris’s 2024 presidential campaign. This follows a $1 million donation from Larsen in August, making it one of the first major cryptocurrency contributions to her campaign. Future Forward has raised over $200 million to …
Ripple Co-Founder Backs Kamala Harris PAC with $10M XRP Donation Read More »
TechCrunch Founder Drops $1.1B Bombshell: Stripe Acquires Bridge
Stripe is reportedly acquiring stablecoin platform Bridge in a $1.1 billion deal, according to TechCrunch founder Michael Arrington. While both companies have yet to confirm the transaction, sources indicate the acquisition is in its advanced stages as of October 17. If completed, this would be Stripe’s largest acquisition and one of the biggest in the …
TechCrunch Founder Drops $1.1B Bombshell: Stripe Acquires Bridge Read More »
Trader Turns $3,000 into $9M in 3 Days with Solana-Based Memecoin
An anonymous cryptocurrency trader turned a $3,000 investment into $9 million in just three days by trading the Solana-based memecoin, Numogram (GNON). The trader, identified through on-chain analysis by Lookonchain, used three wallets to acquire 56 million GNON tokens, later selling a small portion for a massive profit, yielding a 3,000x return. GNON, a low-capitalization …
Trader Turns $3,000 into $9M in 3 Days with Solana-Based Memecoin Read More »
Euroclear Acquires Stake in Marketnode, Expands to Asia
Euroclear, a European securities settlement firm, has entered the Asian market by acquiring a stake in Singapore-based blockchain infrastructure provider, Marketnode. This marks Euroclear’s first investment in Asia, aimed at strengthening its presence in the region. Marketnode operates two main platforms: Gateway, offering tokenization services, and Fundnode, specializing in transaction management and recordkeeping. Fundnode will …
Euroclear Acquires Stake in Marketnode, Expands to Asia Read More »
Worldcoin Rebrands and Rolls Out New Biometric Orb and Identity Services
Blockchain-based identity verification company, formerly known as Worldcoin, has rebranded itself as “World,” announced by founder Sam Altman on October 17. As part of the rebrand, World introduced an upgraded version of its Orb biometric scanning device, which is now five times more powerful and more compact, powered by Nvidia technology. This next-gen Orb will …
Worldcoin Rebrands and Rolls Out New Biometric Orb and Identity Services Read More »
Jump Trading Sued for Alleged Multi-Million Dollar ‘Pump and Dump’ Scheme
Fracture Labs, a crypto game developer, has filed a lawsuit against Jump Trading, accusing the firm of orchestrating a “pump and dump” scheme involving its DIO token. The lawsuit, filed on October 15, alleges that in 2021, Jump Trading agreed to act as a market maker for the token’s initial offering on the Huobi exchange …
Jump Trading Sued for Alleged Multi-Million Dollar ‘Pump and Dump’ Scheme Read More »
Radiant Capital Suspends Lending Following $58M Exploit
Radiant Capital has paused its lending operations after a major cybersecurity breach, with losses estimated at around $58 million. The cross-chain lending protocol was compromised on the BNB Chain and Arbitrum networks, due to an exploit in the ‘transferFrom’ function, which enabled hackers to drain user funds, including $USDC, $WBNB, and $ETH. Cybersecurity firms De.Fi …
Radiant Capital Suspends Lending Following $58M Exploit Read More »
Warren and Deaton Clash Over Crypto Policy in First Senate Debate
In the first Massachusetts U.S. Senate debate on October 15, Senator Elizabeth Warren and Republican challenger John Deaton clashed over cryptocurrency policy. Deaton criticized Warren for building an “anti-crypto army” instead of addressing pressing issues like inflation and illegal immigration. He argued that Warren prioritizes regulating crypto over more urgent economic problems affecting middle- and …
Warren and Deaton Clash Over Crypto Policy in First Senate Debate Read More »
Canary Capital Files for Litecoin ETF After XRP Application
Canary Capital has filed for a spot Litecoin (LTC) exchange-traded fund (ETF) with U.S. regulators, marking another move toward alternative cryptocurrency ETFs. The proposed fund will track the performance of Litecoin based on the CoinDesk Litecoin Price Index, highlighting Litecoin’s advantages in speed and cost over Bitcoin for smaller transactions. This filing follows Canary Capital’s …
Canary Capital Files for Litecoin ETF After XRP Application Read More »
Trump’s Crypto Platform Draws 100K Signups as WLFI Token Sale Nears
Donald Trump’s World Liberty Financial, a decentralized finance (DeFi) platform, has attracted over 100,000 signups ahead of its WLFI token launch on October 15. The Ethereum-based ERC-20 token will serve as the platform’s governance asset. World Liberty Financial, accessible only to accredited U.S. investors, will allow users to borrow, lend crypto, and interact with liquidity …
Trump’s Crypto Platform Draws 100K Signups as WLFI Token Sale Nears Read More »
MrBeast Accused of $10M Altcoin Pump-and-Dump Scheme
YouTube star MrBeast faces accusations of earning over $10 million through cryptocurrency schemes, raising ethical concerns within the crypto community. Blockchain investigator SomaXBT alleged that MrBeast promoted and profited from low-cap Initial DEX Offering (IDO) tokens, including projects like SuperFarmDAO. MrBeast reportedly invested $100,000 in SuperFarmDAO, using his influence to boost the token’s value before …
MrBeast Accused of $10M Altcoin Pump-and-Dump Scheme Read More »
Vitalik Buterin Dumps $1.6M in Memecoins for Charity Causes
Ethereum co-founder Vitalik Buterin recently sold $1.6 million worth of memecoins, originally pledged for charity, converting them into Ether (ETH). This includes $982,800 in Moo Deng (MOODENG), $231,000 in Monsterra (MSTR), and $183,000 in Ethereum Is Good (EBULL). Over the past nine days, Buterin has converted a total of $2.78 million in memecoins into ETH, …
Vitalik Buterin Dumps $1.6M in Memecoins for Charity Causes Read More »
Crypto Fraud Fugitive: Former USI-Tech CEO Escapes House Arrest
Horst Jicha, former CEO of USI-Tech, is reportedly on the run after tampering with his ankle monitor, according to New York prosecutors. Jicha was under house arrest, accused of involvement in a $180 million cryptocurrency fraud scheme through his now-defunct company, USI-Tech. On October 4, 2024, he allegedly disabled his ankle monitor, violating his pretrial …
Crypto Fraud Fugitive: Former USI-Tech CEO Escapes House Arrest Read More »
Fidelity Confirms Data Breach Exposed Personal Info of 77,000 Customers
Fidelity Investments, a major crypto ETF issuer, confirmed a data breach affecting over 77,000 customers, though no accounts were impacted. The breach, which occurred between August 17 and 19, exposed personal information like customer names via two newly created accounts. Fidelity quickly detected and stopped the breach on August 19 and reported the incident to …
Fidelity Confirms Data Breach Exposed Personal Info of 77,000 Customers Read More »
Tron Founder Justin Sun Takes Office as Prime Minister of Liberland
Justin Sun, founder of Tron (TRX), was elected Prime Minister of the self-declared micronation Liberland, located between Croatia and Serbia, following elections on October 5. Liberland’s new Congress members include entrepreneur Evan Luthra, journalist Jillian Godsi, ex-Croatian politician Ivan Pernar, and IT expert Dorian Stern Vukotić. The election process was managed algorithmically, offering transparency and …
Tron Founder Justin Sun Takes Office as Prime Minister of Liberland Read More »
ZachXBT Exposes Murad Mahmudov’s Alleged $24M Memecoin Stash
Blockchain investigator ZachXBT has accused memecoin trader Murad Mahmudov of controlling 11 wallets on Ethereum and Solana, collectively holding over $24 million in tokens. In an Oct. 8 post, ZachXBT alleged that these wallets were funded from a common source and aligned with Mahmudov’s public comments, allowing the crypto community to track his activity. ZachXBT …
ZachXBT Exposes Murad Mahmudov’s Alleged $24M Memecoin Stash Read More »
Crypto Manipulation Exposed: Gotbit, CLS Global Among Firms Charged with Fraud
Federal prosecutors have charged four market makers—Gotbit, CLS Global, MyTrade, and ZM Quant—with market manipulation and investor fraud. These firms allegedly engaged in “wash trading” to artificially inflate trading volumes and token prices, misleading investors and exchanges. This allowed them to sell manipulated tokens at inflated prices and reduce trading fees. Key individuals, including Baijun …
Crypto Manipulation Exposed: Gotbit, CLS Global Among Firms Charged with Fraud Read More »
Canary Capital Follows Bitwise in XRP ETF Filing with SEC
Canary Capital has filed for a spot XRP exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), following a similar filing by Bitwise just a week earlier. The proposed ETF aims to provide investors with access to XRP via traditional brokerage accounts without the need to directly manage or hold the cryptocurrency. It …
Canary Capital Follows Bitwise in XRP ETF Filing with SEC Read More »
Is Nick Szabo Secretly Satoshi Nakamoto? The Debate Heats Up Again
A new HBO documentary, released on October 8, has reignited debate about the true identity of Bitcoin’s mysterious creator, Satoshi Nakamoto, with a strong focus on Nick Szabo as a top candidate. Szabo, a cryptographer and computer scientist, developed the concept of “smart contracts” and proposed a digital currency called “Bit Gold” in 1998, a …
Is Nick Szabo Secretly Satoshi Nakamoto? The Debate Heats Up Again Read More »
Silk Road Bitcoin Fortune Remains Seized as Supreme Court Rejects Case
The U.S. Supreme Court has declined to hear an appeal regarding the ownership of 69,370 Bitcoin, worth $4.38 billion, seized from the Silk Road dark web marketplace. Battle Born Investments had claimed ownership of the Bitcoin through a bankruptcy estate but was unable to convince lower courts. With the Supreme Court’s refusal, the U.S. government …
Silk Road Bitcoin Fortune Remains Seized as Supreme Court Rejects Case Read More »
Robinhood Exec Dan Gallagher Touted as Potential SEC Chair Under Trump: Report
Dan Gallagher, Robinhood’s chief legal officer and former SEC commissioner, is seen as a potential pick for SEC chair if Donald Trump wins the 2024 election. Gallagher, who served as an SEC commissioner from 2011 to 2015, is regarded as a “natural choice” by former officials, according to an Oct. 7 report. Trump has vowed …
Robinhood Exec Dan Gallagher Touted as Potential SEC Chair Under Trump: Report Read More »
ZachXBT Accuses Ansem of Promoting Hundreds of Memecoin Pump-and-Dump Schemes
Blockchain investigator ZachXBT has accused crypto influencer Zion “Ansem” Thomas of promoting “hundreds” of low-market-cap memecoins, which he claims manipulated prices and exploited followers. In an Oct. 5 exchange on X (formerly Twitter), ZachXBT criticized Thomas for pushing Solana-based memecoins without providing real market insights. He linked Thomas’ actions to Murad Mahmudov’s “Memecoin Supercycle” theory …
ZachXBT Accuses Ansem of Promoting Hundreds of Memecoin Pump-and-Dump Schemes Read More »
Crypto in UAE Just Got Cheaper: No More VAT on Transfers
The UAE has exempted cryptocurrency transfers and conversions from value-added tax (VAT), reinforcing its status as a crypto-friendly hub. Announced by the UAE’s Federal Tax Authority (FTA) on October 2, the VAT exemptions apply retroactively from January 1, 2018. These exemptions also cover services like managing investment funds, offering financial relief to firms in the …
Crypto in UAE Just Got Cheaper: No More VAT on Transfers Read More »
Geopolitical Tensions and U.S. Election Likely to Boost Bitcoin, Gold: JPMorgan
JPMorgan’s recent report suggests that rising geopolitical tensions and the upcoming U.S. presidential election could bolster bitcoin and gold as part of the “debasement trade.” The report highlights that a potential Donald Trump victory could enhance this trend through expansionary fiscal policies and increased tariffs, which may lead to “debt debasement.” This scenario could benefit …
Geopolitical Tensions and U.S. Election Likely to Boost Bitcoin, Gold: JPMorgan Read More »
Filmmaker Behind QAnon Doc Hints at Unmasking Satoshi Nakamoto in New HBO Film
Documentary filmmaker Cullen Hoback, known for his HBO series “Q: Into the Storm,” is turning his focus to another major enigma: the true identity of Bitcoin’s creator, Satoshi Nakamoto. His upcoming project, Money Electric: The Bitcoin Mystery, investigates Bitcoin’s origins, teasing the possibility of finally unmasking Nakamoto. Produced by HBO, the documentary promises to explore …
Filmmaker Behind QAnon Doc Hints at Unmasking Satoshi Nakamoto in New HBO Film Read More »
Whale Panic? Ethereum ICO Holder Dumps $47M as Prices Tumble
A major Ethereum investor, who participated in the 2014 ICO, has triggered market turbulence by selling large amounts of Ether (ETH) amid a price decline. Over the past two weeks, this “whale” has offloaded 19,000 ETH worth $47.5 million, following a similar sale of 12,000 ETH in late September. This selling spree coincides with a …
Whale Panic? Ethereum ICO Holder Dumps $47M as Prices Tumble Read More »
Crypto’s Toughest Regulator, Gurbir Grewal, Resigns as SEC Enforcement Chief
Gurbir Grewal, the head of the SEC’s enforcement division, will step down on October 11, 2024, after a tenure marked by aggressive regulation, particularly in the cryptocurrency sector. During his leadership, the SEC pursued over 100 enforcement actions, including high-profile cases against major crypto platforms. His departure has led to speculation that the SEC may …
Crypto’s Toughest Regulator, Gurbir Grewal, Resigns as SEC Enforcement Chief Read More »
Kraken to Delist Monero in Europe, Users Given Withdrawal Deadline
Kraken, a major cryptocurrency exchange, announced it will end support for Monero (XMR) in the European Economic Area (EEA) starting October 31, 2024, citing regulatory and compliance requirements. This decision affects trading pairs with the U.S. dollar, euro, Bitcoin (BTC), and Tether (USDT). Users will have until December 31, 2024, to withdraw their Monero holdings, …
Kraken to Delist Monero in Europe, Users Given Withdrawal Deadline Read More »
Bitwise Sparks XRP ETF Buzz with New Delaware Filing
Bitwise has filed for an XRP exchange-traded fund (ETF) with the State of Delaware, as revealed in a document on the Division of Corporations website. This early-stage filing, confirmed by a Bitwise spokesperson, was incorporated on September 30, 2024, with CSC Delaware Trust Company listed as the registered agent. While significant, the filing does not …
Bitwise Sparks XRP ETF Buzz with New Delaware Filing Read More »
Ripple Receives Green Light for Crypto Payment Services in UAE
Ripple has secured an in-principle financial services license from the Dubai Financial Services Authority (DFSA), marking a significant milestone in its expansion into the UAE. This development positions Ripple to offer cross-border payment services for both fiat and digital assets within the Dubai International Financial Center (DIFC), pending fulfillment of regulatory requirements. Ripple’s CEO, Brad …
Ripple Receives Green Light for Crypto Payment Services in UAE Read More »
UK Crypto ATM Operator Admits to Fraud and Money Laundering Charges
Olumide Osunkoya, a UK-based crypto ATM operator, has pleaded guilty to charges of fraud and money laundering. He operated at least 11 unregistered crypto ATMs across the UK without the approval of the Financial Conduct Authority (FCA), processing over £2.6 million in crypto transactions between December 2021 and September 2023. Despite being denied FCA registration …
UK Crypto ATM Operator Admits to Fraud and Money Laundering Charges Read More »
Matrixport Acquires Swiss Crypto Finance, Expands in Europe
Matrixport, a Singapore-based cryptocurrency financial services platform, has completed the acquisition of Swiss firm Crypto Finance Asset Management (CFAM). Announced on September 30, the all-cash deal reflects Matrixport’s expanding ambitions in Europe. CFAM, previously part of the Crypto Finance Group (CFG) under Deutsche Börse Group, has been rebranded as Matrixport Asset Management (MAM). The new …
Matrixport Acquires Swiss Crypto Finance, Expands in Europe Read More »
FBI Cracks Major Crypto Fraud, Recovers $6M in Stolen Digital Assets
Authorities have seized over $6 million in cryptocurrency from scammers in Southeast Asia running fraudulent investment schemes targeting U.S. citizens. These scams led to significant financial losses, as victims were misled into believing they were investing in legitimate crypto ventures. The FBI used blockchain analysis to track the stolen funds, which were held in several …
FBI Cracks Major Crypto Fraud, Recovers $6M in Stolen Digital Assets Read More »
Binance Founder Changpeng Zhao Could Be Released Early on Friday
Binance founder Changpeng “CZ” Zhao could be released from prison on Friday, ahead of his scheduled release date of September 29 (a Sunday), due to a Federal Bureau of Prisons rule allowing inmates to be released on the preceding weekday if their release date falls on a weekend or holiday. CZ was sentenced to four …
Binance Founder Changpeng Zhao Could Be Released Early on Friday Read More »
U.S. Sanctions Russian Crypto Exchanges for Role in Money Laundering
The U.S. government has imposed sanctions on two Russian nationals, Sergey Ivanov and Timur Shakhmametov, and two cryptocurrency exchanges, PM2BTC and Cryptex, for alleged involvement in illicit financial activities. PM2BTC, flagged by the Treasury’s Financial Crimes Enforcement Network (FinCEN), is accused of facilitating proceeds from ransomware and other criminal operations. Nearly half of its transactions …
U.S. Sanctions Russian Crypto Exchanges for Role in Money Laundering Read More »
WazirX Secures Four-Month Moratorium After $234M Hack
Indian cryptocurrency exchange WazirX has been granted a four-month moratorium by a Singapore court following a $234 million hack in July, which affected around 45% of its users’ funds. The court imposed several conditions, such as requiring WazirX to disclose wallet addresses, respond to user queries, and submit its financial records within six weeks. Future …
WazirX Secures Four-Month Moratorium After $234M Hack Read More »
PayPal Adds Crypto Buy, Hold, and Sell Options for U.S. Businesses
PayPal has expanded its cryptocurrency offerings to U.S. business account holders, allowing them to buy, hold, and sell cryptocurrencies directly from their accounts. This move comes after growing demand from business owners who sought the same crypto features available to individual users since 2020. According to Jose Fernandez da Ponte, PayPal’s senior vice president for …
PayPal Adds Crypto Buy, Hold, and Sell Options for U.S. Businesses Read More »
Hackers Fail! Ether.fi Secures Platform Before User Funds Are Compromised
On September 24, Ether.fi, a decentralized finance (DeFi) staking protocol, thwarted an attempted domain takeover without compromising user funds. The attack targeted their domain registrar, Gandi.net, aiming to exploit the recovery process to gain access to Ether.fi’s account. However, thanks to preemptive security measures and swift action from security partners like Seal911, Doppel, Ethena, and …
Hackers Fail! Ether.fi Secures Platform Before User Funds Are Compromised Read More »
Caroline Ellison Sentenced to Two Years for FTX Fraud, Ordered to Surrender $11 Billion
Caroline Ellison, former CEO of Alameda Research, was sentenced to two years in prison and ordered to forfeit $11 billion for her role in the FTX fraud. Ellison’s cooperation was crucial in the conviction of Sam Bankman-Fried, FTX’s founder and her former boyfriend, who received a 25-year sentence. Ellison testified that Bankman-Fried misled lenders and …
Caroline Ellison Sentenced to Two Years for FTX Fraud, Ordered to Surrender $11 Billion Read More »
Kraken Acquires Dutch Broker BCM to Strengthen European Strategy
Kraken has strengthened its European expansion by acquiring Coin Meester (BCM), one of the Netherlands’ oldest crypto brokerage firms. This move extends Kraken’s footprint in the Dutch market and helps it secure virtual asset service provider (VASP) licenses in both France and Poland. Brian Grahan, Kraken’s managing director for Europe, hailed the acquisition as a …
Kraken Acquires Dutch Broker BCM to Strengthen European Strategy Read More »
21.co Fights Back Against Custody Fears by Adding Chainlink’s Proof of Reserve
21.co, the parent company of 21Shares, announced plans to integrate Chainlink’s Proof of Reserve technology into its 21BTC Bitcoin wrapper on Ethereum and Solana. This move addresses growing concerns over the backing of Bitcoin wrappers, offering cryptographic proof that newly minted tokens are fully backed by reserves. Chainlink’s system will provide automated, real-time audits of …
21.co Fights Back Against Custody Fears by Adding Chainlink’s Proof of Reserve Read More »
Canada Puts Retail CBDC on Hold, Eyes Broader Payment Solutions
The Bank of Canada has shifted its focus from developing a retail central bank digital currency (CBDC) to broader research on the payments system. After several years of studying the feasibility of a digital Canadian dollar, the Bank has “shelved” the idea, citing a lack of immediate public demand. However, it remains open to revisiting …
Canada Puts Retail CBDC on Hold, Eyes Broader Payment Solutions Read More »
Coinbase Legal Officer Clarifies cbBTC Reimbursement Terms
Coinbase’s Chief Legal Officer, Paul Grewal, addressed concerns regarding the terms of Coinbase’s cbBTC, a tokenized Bitcoin backed 1:1 by BTC. A public discussion arose when a user highlighted a clause suggesting Coinbase might not fully reimburse customers for lost Bitcoin, potentially offering only a proportional share of remaining BTC in certain situations. Grewal clarified …
Coinbase Legal Officer Clarifies cbBTC Reimbursement Terms Read More »
BingX Suffers $52M Hack, But Promises Full Recovery for Users
Singapore-based cryptocurrency exchange BingX has reported losses exceeding $52 million from a suspected hack on September 20, 2024. Initially estimated at $26 million, the loss figure grew after further investigations by blockchain security firm PeckShield and Cyvers Alerts, revealing additional damages across multiple blockchain networks. BingX’s product chief, Vivien Lin, assured users that all losses …
BingX Suffers $52M Hack, But Promises Full Recovery for Users Read More »
Terraform Labs to Shut Down After Court Approves Bankruptcy Deal
Terraform Labs, a major player in the crypto industry that collapsed in 2022, has received approval from a U.S. court to wind down its operations as part of its Chapter 11 bankruptcy plan. The company filed for bankruptcy in January 2024, with liabilities and assets estimated between $100 million and $500 million. Judge Brendan Shannon …
Terraform Labs to Shut Down After Court Approves Bankruptcy Deal Read More »
Bitget Inks ‘Multi-Million Dollar’ Partnership with La Liga
Bitget has signed a multi-million dollar, two-year partnership with La Liga, focusing on markets in Eastern and Southeast Asia, as well as Latin America. This new collaboration offers more flexibility and opportunities for deeper engagements, allowing Bitget to involve stars like Kylian Mbappé in events. The deal comes as Bitget’s existing partnership with Lionel Messi …
Bitget Inks ‘Multi-Million Dollar’ Partnership with La Liga Read More »
Trump Buys “Crypto Burgers” in NYC Using Bitcoin!
Former U.S. President Donald Trump made headlines by purchasing hamburgers with Bitcoin at Pubkey, a New York City bar that accepts cryptocurrency. This marked the first time a former president has completed a Bitcoin transaction. The event was highlighted on social media and covered on Trump’s platform, Truth Social. Attendees included Bitcoin advocate Anthony Pompliano. …
Trump Buys “Crypto Burgers” in NYC Using Bitcoin! Read More »
1inch Rolls Out Secure Cross-Chain Swaps Powered by Fusion+
Decentralized exchange (DEX) 1inch has launched a new feature, “Fusion+,” enabling users to swap digital assets across different blockchains while maintaining full control of their funds. Fusion+ integrates on-chain and off-chain liquidity, providing protection against maximal extractable value (MEV) attacks, a common DeFi vulnerability. The feature uses atomic swap technology to ensure all-or-nothing transactions, automatically …
1inch Rolls Out Secure Cross-Chain Swaps Powered by Fusion+ Read More »
Brian Armstrong Fires Back at ‘Bitcoin IOU’ Rumors Tied to BlackRock
Over the weekend, rumors circulated that Coinbase was issuing Bitcoin IOUs to BlackRock, enabling price manipulation, but these were quickly debunked. Crypto analyst Tyler Durden claimed that Coinbase was allowing BlackRock, which manages the largest spot Bitcoin ETF, to borrow Bitcoin without collateral, potentially leading to market manipulation. His concerns stemmed from Tron founder Justin …
Brian Armstrong Fires Back at ‘Bitcoin IOU’ Rumors Tied to BlackRock Read More »
Trump Skips Mention of Family’s Crypto Platform During Talk, Team Announces WLFI Token
Donald Trump avoided discussing his family’s new crypto platform, World Liberty Financial, during a 45-minute appearance on X. His interview focused more on broad topics, with only a brief mention of crypto. Later in the event, Zak Folkman, a leader of the project, revealed that a governance token, WLFI, would be introduced. These tokens will …
Trump Skips Mention of Family’s Crypto Platform During Talk, Team Announces WLFI Token Read More »
MicroStrategy Plans $700M Note Issuance for Bitcoin and Debt Redemption
MicroStrategy, a Nasdaq-listed company known for significant Bitcoin investments, plans to issue $700 million in convertible senior notes maturing in 2028. Of this amount, $500 million will be used to redeem earlier notes, while the remaining funds may be allocated for purchasing more Bitcoin. Additionally, initial purchasers can buy up to $105 million more in …
MicroStrategy Plans $700M Note Issuance for Bitcoin and Debt Redemption Read More »
Simple Hold Turns $87K in ETH Into Nearly $40M After 8 Years
A recent Ethereum (ETH) trader exemplified the success of a buy-and-hold strategy by turning an $87,000 investment in 2016 into nearly $40 million. In February 2016, the investor bought 16,636 ETH at $5.23 per token via ShapeShift. After holding the investment for over eight years, the trader began selling on September 16, starting with 350 …
Simple Hold Turns $87K in ETH Into Nearly $40M After 8 Years Read More »
$43 Million Vanishes in High-Stakes Ether-Bitcoin Bet Gone Wrong
James Fickel, a leading cryptocurrency investor, has suffered significant losses, with over $43 million lost since January 2024 due to a high-risk trade betting on Ether (ETH) outperforming Bitcoin (BTC). Fickel borrowed $172 million worth of Wrapped Bitcoin (WBTC) from the decentralized platform Aave and traded it for 56,445 ETH. However, as ETH underperformed against …
$43 Million Vanishes in High-Stakes Ether-Bitcoin Bet Gone Wrong Read More »
USDT Classified as Property in Landmark UK Court Decision
In a landmark ruling, England’s High Court of Justice has officially recognized Tether’s USDT stablecoin as property under English law, allowing it to be traced and treated as trust property like other assets. This decision follows the UK government’s recent move to clarify the legal classification of cryptocurrencies. The case, initiated by Fabrizio D’Aloia, involved …
USDT Classified as Property in Landmark UK Court Decision Read More »
eToro US Shuts Down Most Crypto Trading After $1.5M SEC Settlement
eToro, a popular trading platform, has agreed to halt most cryptocurrency trading in the U.S. as part of a settlement with the U.S. Securities and Exchange Commission (SEC). The SEC charged eToro with operating an unregistered brokerage and clearing agency for its crypto services. To resolve the charges, eToro will pay a $1.5 million fine …
eToro US Shuts Down Most Crypto Trading After $1.5M SEC Settlement Read More »
Trader Snags $1.5M Ape CryptoPunk for Just 10 ETH—NFT World Reacts
A trader acquired a rare Ape-themed CryptoPunk NFT, worth approximately $1.5 million, for just 10 ETH ($23,000) through a “shotgun buyout” mechanism. The NFT, Punk #2386, was fractionalized in 2020 on the now-defunct Niftex platform, giving 257 people shared ownership. Although the platform shut down, the smart contracts remained active, allowing the trader to set …
Trader Snags $1.5M Ape CryptoPunk for Just 10 ETH—NFT World Reacts Read More »
UK Government Introduces Legislation to Protect Crypto Assets
The UK government has proposed a new Property Bill that seeks to clarify the legal status of digital assets like Bitcoin, cryptocurrencies, and NFTs under UK law. Announced on September 11, this legislation introduces a new legal category for digital assets, treating them as “things” in property law. Labour MP Heidi Alexander highlighted the need …
UK Government Introduces Legislation to Protect Crypto Assets Read More »
Indodax Hit by $22M Hack, Suspends Operations Amid Social Media Concerns
Indodax, a prominent Indonesian crypto exchange, suffered a major security breach, resulting in the theft of over $22 million worth of tokens. The exchange initially paused operations, citing “maintenance,” but suspicious social media activity suggested additional issues. Security researchers revealed that the attack primarily targeted Indodax’s hot wallets, stealing over $14 million in Ether (ETH), …
Indodax Hit by $22M Hack, Suspends Operations Amid Social Media Concerns Read More »
Congress Urged to Address SEC’s Regulatory Moves Against NFTs
The Digital Chamber of Commerce has called on Congress to pass legislation that classifies certain non-fungible tokens (NFTs) as consumer products, thereby exempting them from federal securities laws. This comes after the U.S. Securities and Exchange Commission (SEC) issued a Wells notice to the OpenSea platform, signaling potential enforcement action. The Digital Chamber criticized the …
Congress Urged to Address SEC’s Regulatory Moves Against NFTs Read More »
Tether, Tron, TRM Labs Team Up to Fight Financial Crime
The T3 Financial Crime Unit (T3 FCU) has been formed by Tron, Tether, and blockchain intelligence firm TRM Labs to combat illegal activities involving USDT, a stablecoin issued on the Tron blockchain. A 2023 report by TRM Labs revealed that nearly 45% of illicit cryptocurrency activity occurred on Tron, prompting the initiative. Tron’s founder, Justin …
Tether, Tron, TRM Labs Team Up to Fight Financial Crime Read More »
Americans Lose $5.6 Billion to Crypto Fraud in 2023, FBI Reports
The FBI’s 2023 report on cryptocurrency fraud revealed that Americans lost $5.6 billion to scams involving digital assets, marking a 45% increase from 2022. Despite crypto-related complaints constituting only 10% of total reports to the FBI’s Internet Crime Complaint Center, they accounted for nearly 50% of financial losses. The most targeted demographic was individuals over …
Americans Lose $5.6 Billion to Crypto Fraud in 2023, FBI Reports Read More »
Power Giant Tepco Eyes Bitcoin Mining to Capture Wasted Solar Energy
A subsidiary of Tokyo Electric Power Company (Tepco), Agile Energy X, is testing the use of surplus solar energy to power Bitcoin mining. This initiative aims to reduce the waste of renewable energy, a problem in Japan due to “output control”, where energy production is curtailed to balance supply and demand. Agile Energy X has …
Power Giant Tepco Eyes Bitcoin Mining to Capture Wasted Solar Energy Read More »
Tether’s Surprising $100M Move Into Agriculture as Stablecoin Wars Intensify
Tether, the issuer of the largest stablecoin (USDT), has made a $100 million investment to acquire a 9.8% stake in Adecoagro, a Latin American agricultural company. This marks Tether’s first move into the agriculture and food industry, following previous investments in emerging technologies like AI, Bitcoin mining, and digital education. Adecoagro, founded in 2002, is …
Tether’s Surprising $100M Move Into Agriculture as Stablecoin Wars Intensify Read More »
Ripple Co-Founder Joins Corporate Leaders in Endorsing Kamala Harris
Chris Larsen, Ripple co-founder and executive chairman, has endorsed Vice President Kamala Harris for president, joining 87 other corporate leaders. The endorsement was revealed in a letter signed by influential figures, including Box CEO Aaron Levie, Yelp CEO Jeremy Stoppelman, Snap chairman Michael Lynton, and former 21st Century Fox CEO James Murdoch. The letter demonstrates …
Ripple Co-Founder Joins Corporate Leaders in Endorsing Kamala Harris Read More »
Tech and Crypto Visionary Pavel Durov Finally Speaks Out After Arrest in France
Telegram founder Pavel Durov, recently arrested in France, has spoken out, criticizing the authorities for detaining him despite Telegram having a legal representative in the country. Durov, now restricted to France and required to report to authorities weekly, expressed his surprise and disappointment at the arrest. He pointed out that French officials could have easily …
Tech and Crypto Visionary Pavel Durov Finally Speaks Out After Arrest in France Read More »
Texas Bank Faces Cease and Desist from Fed Due to Crypto Risk Failures
The U.S. Federal Reserve issued a cease and desist order to United Texas Bank on September 4, citing significant risk management deficiencies, particularly regarding cryptocurrency clients. Following a May examination, the Fed found weaknesses in corporate governance and compliance with anti-money laundering (AML) regulations and the Bank Secrecy Act (BSA). The bank’s handling of foreign …
Texas Bank Faces Cease and Desist from Fed Due to Crypto Risk Failures Read More »
Uniswap Labs Fined $175,000 by CFTC Over Illegal Margin Products
Uniswap Labs agreed to pay a $175,000 fine in a settlement with the U.S. Commodity Futures Trading Commission (CFTC) over charges related to illegal leveraged and margined commodities transactions. The CFTC accused Uniswap of providing a platform that allowed users to trade tokens with leveraged returns, including bitcoin (BTC) and ether (ETH), without being registered …
Uniswap Labs Fined $175,000 by CFTC Over Illegal Margin Products Read More »
Ex-Mt. Gox CEO to Launch EllipX, a MiCA-Compliant Exchange in Europe
EllipX, a new cryptocurrency exchange founded by former Mt. Gox CEO Mark Karpeles, will launch in Europe this September, initially focusing on European users with plans to expand globally. Based in Poland, EllipX will adhere to the EU’s Markets in Crypto-Assets Regulation (MiCA) and prioritize transparency through regular audits. Karpeles aims to offer a secure …
Ex-Mt. Gox CEO to Launch EllipX, a MiCA-Compliant Exchange in Europe Read More »
Polygon Prepares for POL Token Swap, Replacing MATIC
Polygon, a leading Ethereum layer-2 network, is undergoing a major upgrade, replacing its MATIC token with a new POL token as part of the broader “Polygon 2.0” roadmap. This upgrade, set to activate this Wednesday, introduces greater flexibility in token issuance and marks a significant transition for the network. The swap will be automatic for …
Polygon Prepares for POL Token Swap, Replacing MATIC Read More »
Vega Protocol Plans to Shut Down Chain and Launch New Nebula Token
Vega Protocol, a decentralized trading blockchain, has proposed shutting down its alpha mainnet within the next three months and discontinuing support for its native VEGA token. The proposal, announced on August 30, focuses on shifting efforts towards developing a new project called “Nebula,” a retail decentralized exchange (DEX) built on the Vega protocol with its …
Vega Protocol Plans to Shut Down Chain and Launch New Nebula Token Read More »
Binance Exec Fights for Bail as Health Spirals in Nigerian Prison
Tigran Gambaryan, a Binance executive detained in Nigeria, faces health challenges prompting his legal team to file a new bail motion on September 2, 2024. They argue his deteriorating condition necessitates urgent medical attention, citing delayed and incomplete health records, including missing MRI scans. The Nigerian Economic and Financial Crimes Commission (EFCC) opposes the bail, …
Binance Exec Fights for Bail as Health Spirals in Nigerian Prison Read More »
Cardano Successfully Activates Chang Hard Fork, Enabling Decentralized Voting
Cardano has successfully implemented the Chang hard fork, marking a significant upgrade to its governance and smart contract capabilities. The upgrade, launched on September 1, 2024, introduces the “Conway ledger era” and enhances Cardano’s decentralized governance model. Now, any Cardano (ADA) tokenholder can submit and vote on governance proposals, a key part of the ongoing …
Cardano Successfully Activates Chang Hard Fork, Enabling Decentralized Voting Read More »
British Columbia Court Orders $1.2M Bitcoin Loan Repayment
The Supreme Court of British Columbia has ordered Daniel Tambosso to repay $1.2 million to Hung Nguyen for a loan of 22 Bitcoin, marking a significant legal acknowledgment of cryptocurrency transactions. The dispute began in September 2021 when Tambosso borrowed 18 BTC from Nguyen, later requesting an additional 4 BTC. Despite the failure of Tambosso’s …
British Columbia Court Orders $1.2M Bitcoin Loan Repayment Read More »
Binance Confirms Support for Cardano’s September 1 Network Upgrade
Binance has announced its support for Cardano’s Chang hard fork, a critical upgrade marking the start of the Voltaire era, which emphasizes decentralized governance. Originally scheduled for August 27, the upgrade has been postponed to September 1 to allow more preparation time for platforms like Binance. To avoid potential technical issues, Binance will temporarily suspend …
Binance Confirms Support for Cardano’s September 1 Network Upgrade Read More »
Former FTX Executive Ryan Salame Withdraws Plea Motion, References Partner’s Charges
Ryan Salame, former co-CEO of FTX Digital Markets, has withdrawn his petition to overturn his guilty plea related to campaign finance and money-transmitting violations. In an August 29 filing, Salame’s legal team indicated that his decision was influenced by his partner, Michelle Bond’s, ongoing legal case, where the issues might be addressed. Bond, also facing …
Former FTX Executive Ryan Salame Withdraws Plea Motion, References Partner’s Charges Read More »
Telegram Faces Ban in Indonesia for Alleged Moderation Failures
Indonesia is considering banning Telegram due to its failure to effectively moderate illicit content, including online gambling and pornography, despite repeated requests from the government. Indonesia’s Minister of Communication and Informatics, Budi Arie Setiadi, expressed concern over Telegram’s inadequate response, stating that he supports blocking the platform if evidence of illegal content continues to surface. …
Telegram Faces Ban in Indonesia for Alleged Moderation Failures Read More »
Pavel Durov, Telegram Founder, Released But Faces Criminal Charges and Travel Ban in France
Pavel Durov, the founder of Telegram, was arrested in France on August 24, 2024, and subsequently charged with multiple criminal offenses. These charges, brought by French prosecutors, relate to his leadership of Telegram and include complicity in illegal activities, money laundering, and failure to cooperate with authorities. Durov was released from custody after posting a …
South Korean Crypto CEO Stabbed During Haru Invest Fraud Trial
In a shocking incident in Seoul, South Korea, Hugo Hyungsoo Lee, CEO of Haru Invest, was stabbed multiple times during a courtroom trial related to a massive fraud case. The attacker, a victim of Haru Invest’s collapse, targeted Lee as the company faces allegations of misappropriating $826 million in digital assets from around 16,000 investors. …
South Korean Crypto CEO Stabbed During Haru Invest Fraud Trial Read More »
TON Society Appeals to France for Immediate Release of Telegram’s Pavel Durov
French President Emmanuel Macron is facing criticism from tech leaders following the detention of Telegram co-founder Pavel Durov in France. The Open Network (TON) Society has issued an open letter demanding Durov’s release, condemning his arrest as a violation of free speech. The letter appeals to international bodies, including the United Nations and the European …
TON Society Appeals to France for Immediate Release of Telegram’s Pavel Durov Read More »
Celsius Distributes $2.5B to Creditors, But 121,000 Still Unclaimed
Celsius, a bankrupt crypto lender, has successfully repaid two-thirds of its eligible customers, distributing approximately $2.53 billion to 251,000 creditors. This marks 84% of the $3 billion owed to over 375,000 creditors. However, over 121,000 creditors have yet to claim their funds, with many deterred by small claims—64,000 are owed less than $100, and 41,000 …
Celsius Distributes $2.5B to Creditors, But 121,000 Still Unclaimed Read More »
Telegram Founder’s Arrest Wasn’t Politically Driven, Says French President Macron
Telegram founder Pavel Durov was arrested on August 24 at Le Bourget airport in France. French President Emmanuel Macron addressed the arrest on August 26, denying any political motive and clarifying that it was part of an ongoing judicial investigation. Macron’s statement aimed to dispel rumors about free speech violations. Durov, who had arrived from …
Telegram Founder’s Arrest Wasn’t Politically Driven, Says French President Macron Read More »
Shiba Inu Announces DAO to Give Holders Voting Power
The Shiba Inu team is set to launch a decentralized autonomous organization (DAO), empowering SHIB holders to vote on future initiatives and influence the project’s direction. Announced by the marketing lead “Lucie” on August 25, the DAO will feature two main councils: the “Charity Council” and the “Culture & Heritage Council,” guiding charitable activities and …
Shiba Inu Announces DAO to Give Holders Voting Power Read More »
Crypto World Stunned as Telegram CEO Pavel Durov Arrested in France
Telegram CEO Pavel Durov was arrested in France on multiple serious charges, including terrorism, trafficking, conspiracy, fraud, and money laundering. Durov was detained at Le Bourget Airport near Paris upon arrival from Azerbaijan, with the arrest warrant reportedly only enforceable on French soil. This has led to a sharp decline in the value of the …
Crypto World Stunned as Telegram CEO Pavel Durov Arrested in France Read More »
Global Hunt Ends: Crypto Scam Leader Extradited to China
Zhang Moumou, the leader of the notorious MBI Group, was extradited to China from Thailand after a global manhunt, marking a significant achievement in China’s fight against economic crime. Zhang masterminded a massive crypto pyramid scheme, enticing over 10 million victims since 2012 with promises of high returns on digital currency investments. The scheme collected …
Global Hunt Ends: Crypto Scam Leader Extradited to China Read More »
Ex-Congressional Candidate Michelle Bond Indicted for Illegal FTX Donations
Michelle Bond, a former SEC lawyer and prominent crypto advocate, has been indicted on charges of accepting illegal campaign contributions during her 2022 congressional campaign. The indictment alleges that Bond received substantial financial support from her then-boyfriend, Ryan Salame, a former FTX executive, in violation of election rules that require self-funded candidates to use their …
Ex-Congressional Candidate Michelle Bond Indicted for Illegal FTX Donations Read More »
Trader Turns $1K into $750K with Tron Memecoin SunWukong, Holds for More
An anonymous trader on the Tron network transformed a $1,000 investment into $750,000 by trading SunWukong (SUNWUKONG), a newly launched Tron-based memecoin. This significant gain was fueled by Tron founder Justin Sun updating his profile picture to Sun Wukong, a character from the game Black Myth: Wukong, which quickly became a sensation on its August …
Trader Turns $1K into $750K with Tron Memecoin SunWukong, Holds for More Read More »
Kamala Harris Signals Support for Crypto Industry Growth
Democratic presidential candidate Kamala Harris has expressed support for policies that would promote the growth of the cryptocurrency industry, signaling a potentially friendlier stance toward digital assets compared to the current Biden administration. During a Bloomberg roundtable at the Democratic National Convention, Harris’ senior policy advisor, Brian Nelson, highlighted her intention to back initiatives that …
Kamala Harris Signals Support for Crypto Industry Growth Read More »
Tether Joins Forces with UAE Giants for Dirham-Pegged Stablecoin Launch
Tether, the leading stablecoin issuer, has announced the launch of a new stablecoin backed by the United Arab Emirates dirham (AED), in partnership with UAE-based Phoenix Group and Green Acorn Investments. This initiative aims to create a fully backed digital version of the Dirham, adhering to Tether’s transparent reserve standards. The stablecoin is designed to …
Tether Joins Forces with UAE Giants for Dirham-Pegged Stablecoin Launch Read More »
Base Smashes 4M Active Addresses Milestone in ‘Onchain Summer’
Coinbase’s layer-2 solution, Base, recently surpassed 4 million active addresses, driven by its successful “Onchain Summer” campaign. This event, first launched in 2023, aims to boost adoption by incentivizing developers and engaging users. The 2023 campaign saw 268,000 wallets mint over 700,000 NFTs and facilitated $242 million in crypto transfers. Due to its success, Base …
Base Smashes 4M Active Addresses Milestone in ‘Onchain Summer’ Read More »
CryptoPunk #5822 Sold Quietly, Raising Questions About Possible Loss
The most expensive CryptoPunk NFT, #5822, originally purchased by Deepak Thapliyal for 8,000 ETH ($23.7 million) in 2022, was recently transferred to an unidentified wallet for an undisclosed amount, sparking speculation that it may have been sold at a loss. The NFT market has seen a significant decline, with a 45% drop in sales volume …
CryptoPunk #5822 Sold Quietly, Raising Questions About Possible Loss Read More »
Cardano (ADA) Drops from Top 10 as Tron Gains Market Share
Cardano (ADA) has fallen out of the top 10 cryptocurrencies by market capitalization, now ranking 11th, overtaken by Tron (TRX). Cardano’s market cap stands at $11.89 billion, while Tron’s is $12.04 billion. This drop reflects broader market trends, including Bitcoin’s 11% decline over the past month. Cardano’s decline is attributed to market correction, investor sentiment, …
Cardano (ADA) Drops from Top 10 as Tron Gains Market Share Read More »
Shaquille O’Neal to Defend Claims in Astrals NFT Securities Lawsuit
Shaquille O’Neal faces a class action lawsuit over his role in promoting the Astrals NFT project. While a U.S. court dismissed claims that O’Neal had control over the project, it upheld allegations that Astrals sold unregistered securities. The lawsuit accuses O’Neal of encouraging investment in Astrals, a collection of 10,000 NFTs with a governance token …
Shaquille O’Neal to Defend Claims in Astrals NFT Securities Lawsuit Read More »
First-Ever Tokenized Church? Colorado Group Turns $2.5M Chapel into Digital Asset
The Colorado House of Prayer, led by Pastor Blake Bush, is attempting to purchase the “Old Stone Church,” a property valued at $2.5 million, by tokenizing it on the blockchain. Inspired by a spiritual experience, Bush launched “Stone Coin,” a digital asset on the Polymesh blockchain, to fund the purchase. The tokenization allows the building …
First-Ever Tokenized Church? Colorado Group Turns $2.5M Chapel into Digital Asset Read More »
Donald Trump Discloses Ether Holdings and $7M in NFT Earnings
Former President Donald Trump holds between $1 million and $5 million in Ether (ETH), as revealed in recent election disclosures. While the exact amount isn’t specified, Arkham Intelligence estimates his holdings at around $3.6 million. In addition to his crypto assets, Trump earned $7.15 million from a licensing agreement with NFT INT, while Melania Trump …
Donald Trump Discloses Ether Holdings and $7M in NFT Earnings Read More »
WazirX Initiates Maintenance to Recover User Funds After $234M Hack
Indian cryptocurrency exchange WazirX is conducting scheduled maintenance on August 15-16 to restore account balances and reverse certain trades after a $234.9 million hack on July 18. The breach, identified by Web3 security firm Cyvers, involved suspicious transactions from WazirX’s Safe Multisig wallet on Ethereum. The exchange’s efforts to recover and secure assets are crucial …
WazirX Initiates Maintenance to Recover User Funds After $234M Hack Read More »
Binance Clears $2.2 Million Fine, Registers with India’s FIU
Binance, the world’s largest cryptocurrency exchange, has registered with India’s Financial Intelligence Unit (FIU-IND), allowing its platform to operate legally in the country. This comes after Binance paid a $2.2 million fine for operating without proper authorization, a penalty linked to India’s Prevention of Money Laundering Act (PMLA). The registration process began in May 2024, …
Binance Clears $2.2 Million Fine, Registers with India’s FIU Read More »
MetaMask and Mastercard Roll Out Self-Custody Debit Card for UK and EU Users
MetaMask, in collaboration with Mastercard and Baanx, has launched a pilot program for a self-custody debit card in Europe, starting with select users in the UK and EU. This card allows users to retain control of their digital assets until they are converted to fiat currency at the point of transaction. By using the Linea …
MetaMask and Mastercard Roll Out Self-Custody Debit Card for UK and EU Users Read More »
Goldman Sachs Confirms $400M+ Position in Bitcoin ETFs
Goldman Sachs has disclosed holdings of over $400 million in Bitcoin exchange-traded funds (ETFs) in its recent 13F filing. The bank invested in seven out of 11 available Bitcoin ETFs in the U.S., with its largest stake in the iShares Bitcoin Trust (IBIT) at $238.6 million, followed by $79.5 million in Fidelity’s Bitcoin ETF (FBTC). …
Goldman Sachs Confirms $400M+ Position in Bitcoin ETFs Read More »
FBI’s Evasive Response Sparks New Theories on Satoshi Nakamoto
The FBI recently issued a “Glomar response” to a Freedom of Information Act (FOIA) request regarding Bitcoin’s mysterious creator, Satoshi Nakamoto. This response neither confirmed nor denied the existence of any records on Nakamoto but implied that the agency considers Nakamoto an individual. Investigative journalist Dave Troy, who submitted the FOIA request, shared this cryptic …
FBI’s Evasive Response Sparks New Theories on Satoshi Nakamoto Read More »
Canadian Crypto Exchange Scandal: $9.5M in User Funds Misused for Gambling
The British Columbia Securities Commission (BCSC) has exposed a significant fraud case involving the Canadian crypto exchange ezBtc and its founder, David Smillie. Smillie allegedly misappropriated around $9.5 million from customer accounts, using the funds for personal gambling and other unauthorized activities. The BCSC found that ezBtc falsely claimed to store customer funds securely in …
Canadian Crypto Exchange Scandal: $9.5M in User Funds Misused for Gambling Read More »
SEC Files Charges in $650M NovaTech Crypto Pyramid Scheme
The SEC has charged NovaTech, its founders Cynthia and Eddy Petion, and other promoters in a lawsuit, accusing them of running a $650 million cryptocurrency pyramid scheme. The scheme allegedly defrauded over 200,000 investors, many from Haitian-American communities, by promising 2-3% weekly returns on investments in cryptocurrency and forex markets. However, the SEC claims that …
SEC Files Charges in $650M NovaTech Crypto Pyramid Scheme Read More »
Tether Fights Back as Celsius Seeks $3.3 Billion in Bitcoin
Tether is contesting a $3.3 billion lawsuit filed by the bankrupt crypto lender Celsius, which accuses Tether of fraudulently securing its position in a loan agreement. Celsius is seeking the return of 57,428.64 Bitcoin or its equivalent value, claiming Tether made “preferential and fraudulent transfers” during the 2022 market crash. Tether argues the lawsuit is …
Tether Fights Back as Celsius Seeks $3.3 Billion in Bitcoin Read More »
Celsius Sues Tether for $3.5B, Citing Mishandled Bitcoin Collateral
Celsius, a defunct cryptocurrency exchange, has filed a lawsuit against Tether, accusing the stablecoin issuer of misappropriating Bitcoin collateral and seeking nearly $3.5 billion in damages and returns. The dispute involves 57,428.64 BTC, which Celsius claims it is entitled to recover, while Tether argues the amount is closer to $2.4 billion. The lawsuit stems from …
Celsius Sues Tether for $3.5B, Citing Mishandled Bitcoin Collateral Read More »
Trump-Linked Crypto Implodes 95% After Eric Trump Denies Involvement
The cryptocurrency Restore the Republic (RTR), themed around Donald Trump, experienced a massive 95% decline in value after Eric Trump publicly disavowed any connection between the Trump family and the token. Initially, RTR’s value surged to $0.1490 after a misleading endorsement from Ryan Fournier, head of Students for Trump, suggested it was an official Trump …
Trump-Linked Crypto Implodes 95% After Eric Trump Denies Involvement Read More »
Russia Legalizes Crypto Mining Amid Search for New Trade Solutions
In response to US sanctions and being blocked from the SWIFT interbank messaging system, Russia is exploring alternative methods for international trade settlements. President Vladimir Putin has approved a law to reduce reliance on the US dollar, which will take effect in November 2024. The new legislation allows approved firms to mine cryptocurrencies and introduces …
Russia Legalizes Crypto Mining Amid Search for New Trade Solutions Read More »
Brazil’s SEC Approves Solana ETF, Eyes B3 for Final Green Light
The Brazilian Securities and Exchange Commission (CVM) has approved the first Solana-based exchange-traded fund (ETF) in Brazil. This ETF, still in its pre-operational phase and pending approval from the Brazilian stock exchange (B3), will track the CME CF Solana Dollar Reference Rate. QR Asset, a Brazilian asset manager, will offer the ETF, with Vortx managing …
Brazil’s SEC Approves Solana ETF, Eyes B3 for Final Green Light Read More »
Ripple Scores Major Win, Cuts SEC Penalty to $125M
A federal judge has ordered Ripple Labs to pay a $125 million civil penalty in an ongoing SEC case alleging that the blockchain firm used XRP as an unregistered security. The judgment, issued by Judge Analisa Torres, found Ripple liable for 1,278 transactions violating Section 5 of U.S. securities laws. The court restrained Ripple from …
Ripple Scores Major Win, Cuts SEC Penalty to $125M Read More »
Major $1.8M Hack on Nexera Sends NXRA Tumbling 40%
Nexera, a blockchain infrastructure protocol specializing in tokenization, suffered a $1.8 million exploit, as reported by crypto security firm Cyvers. The company, formerly known as AllianceBlock, announced it is investigating the breach. Following the incident, Nexera paused the NXRA token contract and halted trading on decentralized exchanges, also coordinating with centralized exchanges to suspend trading. The …
Major $1.8M Hack on Nexera Sends NXRA Tumbling 40% Read More »
Bitcoin is a Poor Market Hedge, Says ‘Black Swan’ Author Taleb
Nassim Nicholas Taleb, author of The Black Swan, argued on CNBC’s Squawk Box that Bitcoin’s sharp decline on August 5th demonstrates its failure as a hedge against market crashes. On that day, the entire cryptocurrency market lost $510 billion in market capitalization, with over 60% of the top 50 cryptocurrencies erasing their 2024 gains. Bitcoin’s …
Bitcoin is a Poor Market Hedge, Says ‘Black Swan’ Author Taleb Read More »
Ronin Network Hit by $9.8M ETH Hack, White Hat Likely Involved
Ronin Network has experienced a significant exploit, losing 3,996 Ether tokens valued at $9.8 million. The incident, part of a troubling rise in cryptocurrency hacks in 2024, might involve a white hat hacker. According to PeckShield, such ethical hackers identify vulnerabilities and return stolen funds after demonstrating security flaws. The exploit was carried out by …
Ronin Network Hit by $9.8M ETH Hack, White Hat Likely Involved Read More »
Justin Sun Denies HTX Liquidation Amid Crypto Market Slump
Over the weekend, the crypto market experienced significant turmoil, resulting in the liquidation of over $1 billion in futures positions due to escalating fears of a looming recession. Despite the market downturn, Tron and Huobi (HTX) founder Justin Sun dismissed rumors that HTX’s leveraged futures positions were liquidated. Sun asserted that HTX rarely engages in …
Justin Sun Denies HTX Liquidation Amid Crypto Market Slump Read More »
Major Crypto Scam Hits 2,000 Australian Wallets: Federal Investigation Launched
Chainalysis’ Operation Spincaster uncovered that over 2,000 Australian-owned crypto wallets were targeted by “approval phishing” scams, prompting an investigation by the Australian Federal Police (AFP). These scams deceive users into authorizing malicious transactions, allowing scammers to steal their tokens. Victims have lost approximately $4 billion since May 2021. The AFP, in collaboration with Chainalysis, is …
Major Crypto Scam Hits 2,000 Australian Wallets: Federal Investigation Launched Read More »
Amber Group Demands Transparency Amid ZKX Shutdown Fallout
The unexpected closure of ZKX, a social derivatives trading platform on Starknet, has highlighted the necessity for transparency in cryptocurrency projects. Amber Group, a key market maker and asset management firm, underscored this need after ZKX shut down on July 31 due to economic challenges. Amber Group, which supported ZKX’s market operations by receiving a …
Amber Group Demands Transparency Amid ZKX Shutdown Fallout Read More »
Coinbase Defends $25 Million PAC Donation Amid Legal Accusations
Coinbase’s chief legal officer, Paul Grewal, denied allegations that the crypto exchange violated campaign finance laws with a $25 million donation to a super political action committee (PAC). Crypto skeptic Molly White accused Coinbase of making the donation while negotiating a federal contract, which would be illegal. Grewal responded, stating Coinbase is not a federal …
Coinbase Defends $25 Million PAC Donation Amid Legal Accusations Read More »
ByBit Ceases Operations in France Amid AMF Dispute
ByBit, a popular cryptocurrency exchange, announced it will halt operations in France and restrict account features for French users starting August 2, 2024, due to recent regulatory developments by the French financial regulator, Autorité des Marchés Financiers (AMF). French users’ accounts will be limited to a “close-only” configuration, preventing new positions and deposits. Any open …
ByBit Ceases Operations in France Amid AMF Dispute Read More »
OKX Ventures and Aptos Foundation Launch $10M Ankaa Accelerator Fund
The venture arm of cryptocurrency exchange OKX and the Aptos Foundation have launched a $10 million fund, named Ankaa, to support the growth of the Aptos ecosystem and promote broader Web3 adoption. Managed by Aptos, OKX Ventures, and Alcove, the fund will focus on projects in decentralized finance (DeFi), real-world assets (RWA), gaming, social media, …
OKX Ventures and Aptos Foundation Launch $10M Ankaa Accelerator Fund Read More »
Tether Now Holds More US Treasurys Than Most Governments
Tether announced record-breaking profits of $5.2 billion in the first half of 2024 and a significant stockpile of US government bonds valued at $97.6 billion, placing its Treasury reserve ahead of all but 17 global governments. Tether’s USDT stablecoin, backed 1:1 with liquid US dollar-denominated assets, has a market capitalization of around $114 billion. Tether’s …
Tether Now Holds More US Treasurys Than Most Governments Read More »
Direct Crypto Trading with Dirhams Now Available in UAE!
Crypto exchange M2 has enabled residents in the United Arab Emirates (UAE) to buy and sell Bitcoin and Ether directly using their bank accounts. This integration allows for the conversion of UAE dirhams into Bitcoin (BTC) and Ether (ETH) through M2’s spot markets, simplifying the trading and deposit/withdrawal process. Stefan Kimmel, CEO of M2, emphasized …
Direct Crypto Trading with Dirhams Now Available in UAE! Read More »
SEC Files Fraud Charges Against BitClout’s Nader Al-Naji
On July 30, the U.S. Securities and Exchange Commission (SEC) and the U.S. Attorney’s Office for the Southern District of New York charged BitClout founder Nader Al-Naji with fraud. The SEC alleged that Al-Naji sold $257 million in unregistered securities through BitClout’s token, BTCLT, and misused $7 million of these funds on luxury goods and …
SEC Files Fraud Charges Against BitClout’s Nader Al-Naji Read More »
Brutal Bitcoin Heist in Kyiv: Foreign National Forced to Transfer BTC, Murdered
Police in Kyiv, Ukraine, have detained four men, aged 24 to 29, for the alleged kidnapping and murder of a 29-year-old foreign national Bitcoiner. The suspects are accused of premeditating the attack, forcing the victim to transfer approximately $170,000 worth of Bitcoin, and then killing him. The crime occurred around midnight on July 29, and …
Brutal Bitcoin Heist in Kyiv: Foreign National Forced to Transfer BTC, Murdered Read More »
One Trading Secures EU’s First Cash-Settled Perpetuals License
One Trading has secured an Organized Trading Facility (OTF) license from the Dutch Authority for the Financial Markets (AFM), allowing it to operate as a regulated crypto derivatives exchange in Europe. This license establishes One Trading, previously known as Bitpanda Pro, as a Markets in Financial Instruments Directive (MIFID) II trading venue, making it the …
One Trading Secures EU’s First Cash-Settled Perpetuals License Read More »
Crypto Scam Alert: BlackRock Cautions Investors About iShares Bitcoin and Ether ETF Fraud
BlackRock, a leading asset management firm, has issued a warning about a rise in crypto scams targeting investors of its iShares spot Bitcoin and Ether ETFs. These scams involve impersonators on social media platforms like WhatsApp and Telegram, offering training or investments. BlackRock emphasized that it never contacts users via social media to demand payments …
Trump Backs Bitcoin Reserve, Claims Democrat Victory Will Doom Crypto
Thousands of bitcoin enthusiasts gathered in Nashville for the Bitcoin Conference, where former President Donald Trump delivered a speech solidifying his support within the crypto community. Trump pledged to create a “strategic national bitcoin reserve” and promised not to sell the government’s seized bitcoin. He emphasized the importance of mining and minting bitcoin in the …
Trump Backs Bitcoin Reserve, Claims Democrat Victory Will Doom Crypto Read More »
BlackRock Doubts Popularity of Crypto ETFs Outside Bitcoin and Ethereum
BlackRock anticipates limited interest in crypto ETFs beyond Bitcoin (BTC) and Ethereum (ETH), according to Robert Mitchnick, BlackRock’s head of digital assets. Speaking at the Bitcoin 2024 conference, Mitchnick noted that client demand is overwhelmingly focused on BTC and, to a lesser extent, ETH. Consequently, BlackRock does not foresee a proliferation of crypto ETFs beyond …
BlackRock Doubts Popularity of Crypto ETFs Outside Bitcoin and Ethereum Read More »
VanEck Predicts Bitcoin Could Reach $2.9 Million by 2050
Investment manager VanEck predicts that Bitcoin’s market capitalization could reach $61 trillion by 2050, equating to around $2.9 million per coin. This projection is based on Bitcoin’s potential use as collateral for trade settlements and a reserve asset for central banks. The report suggests Bitcoin could handle 10% of global international trade and 5% of …
VanEck Predicts Bitcoin Could Reach $2.9 Million by 2050 Read More »
Revolut Finally Achieves UK Banking License After Three Years
Revolut, a London-based fintech company, secured a UK banking license after a protracted three-year regulatory process, marking a major milestone in its expansion. The UK’s Prudential Regulation Authority granted the license with certain restrictions, allowing Revolut to gradually build its banking operations before a full-scale launch. CEO Nik Storonsky expressed pride in this achievement, aiming …
Revolut Finally Achieves UK Banking License After Three Years Read More »
Polymarket Expands Payment Options with MoonPay Partnership
Polymarket, a crypto predictions platform, has teamed up with MoonPay to enhance payment options amid a surge in betting driven by the U.S. presidential election. As of July 24, users can now buy crypto on Polymarket using debit and credit cards, Apple Pay, Google Pay, bank transfers, and PayPal. MoonPay’s Web3 marketing agency, Otherlife, will …
Polymarket Expands Payment Options with MoonPay Partnership Read More »
Mt. Gox’s $335M Bitcoin Transfer Sparks Speculation
Mt. Gox, the defunct cryptocurrency exchange, transferred $335 million in Bitcoin on July 24, distributing 5,106 BTC to Bitstamp and an unknown address. This action aligns with their repayment plan announced earlier this month. Data from Arkham Intelligence showed two transfers at 6:16 am UTC: 2,237 BTC to Bitstamp and 2,869 BTC to an unknown …
Mt. Gox’s $335M Bitcoin Transfer Sparks Speculation Read More »
Spot Ethereum ETFs Hit Over $1 Billion Trading Volume on First Day!
United States-listed spot Ethereum ETFs debuted with over $1 billion in trading volume, representing about 23% of the volume seen by spot Bitcoin ETFs on their launch day. The leading funds were Grayscale Ethereum Trust (ETHE) and BlackRock’s iShares Ethereum Trust (ETHA), trading $458 million and $248.7 million, respectively. Fidelity Ethereum Fund (FETH) and Bitwise …
Spot Ethereum ETFs Hit Over $1 Billion Trading Volume on First Day! Read More »
Gate.io Halts Operations in Japan Due to Compliance Requests
Gate.io, a cryptocurrency exchange, will cease services for Japanese customers due to compliance requests from Japan’s Financial Services Agency (FSA). Announced on July 22, the exchange will stop opening new accounts for Japanese users and assist in migrating their assets to compliant exchanges. Gate.io will also remove Japanese language content from its website but continue …
Gate.io Halts Operations in Japan Due to Compliance Requests Read More »
Ethereum ETFs Gain Final Approval from SEC
U.S. regulators have approved spot exchange-traded funds (ETFs) holding Ethereum’s ether (ETH), allowing trading to begin as early as Tuesday. This approval, following a lengthy SEC review, mirrors the successful launch of bitcoin (BTC) ETFs in January, which attracted substantial investments. The ether ETFs are expected to make Ethereum more accessible to traditional investors via …
Biden’s Withdrawal Causes $67M in Crypto Liquidations
President Joe Biden’s withdrawal from the 2024 presidential election race triggered significant market volatility, resulting in nearly $67 million in liquidations of leveraged long positions in the cryptocurrency market within 30 minutes. The news caused Bitcoin to drop by 2.3% to $65,880 before quickly rebounding to a 24-hour high of $68,480, leading to $34 million …
Biden’s Withdrawal Causes $67M in Crypto Liquidations Read More »
With Biden Out, Polymarket Favors Harris for 2024 Nomination
President Joe Biden announced his withdrawal from the 2024 presidential race, endorsing Vice President Kamala Harris as his successor for the Democratic nomination. This decision, made public on Sunday, was influenced by internal party dissent and a poor debate performance in June. Following Biden’s announcement, meme coins associated with his campaign plummeted, while those linked …
With Biden Out, Polymarket Favors Harris for 2024 Nomination Read More »
Kraken Rolls Out Custody Services for Institutions in UK and Australia
Kraken, a cryptocurrency exchange, has launched its Kraken Custody services for institutional clients in the UK and Australia. This expansion is Kraken Custody’s first international move after its US launch earlier this year. The service aims to provide secure storage, management, and scaling solutions for institutional clients’ digital assets. Tim Ogilvie, Kraken’s global head of …
Kraken Rolls Out Custody Services for Institutions in UK and Australia Read More »
BtcTurk Announces CEO Change After Seven Years
Ozgur Guneri, CEO of Turkish cryptocurrency exchange BtcTurk, has stepped down after seven years in the role but will remain on the company’s board of directors. BtcTurk founder Kerem Tibuk will succeed him as CEO. This leadership change aligns with BtcTurk’s expansion plans into Africa, the Asia-Pacific region, and Latin America. Cryptocurrencies have become increasingly …
Indian Crypto Exchange WazirX Faces $235M Security Breach
Indian cryptocurrency exchange WazirX has suffered a major security breach, losing approximately $235 million from its Safe Multisig wallet on Ethereum. The breach involved multiple suspicious transactions detected by Web3 security firm Cyvers. The funds were moved to a new address and converted into Ether. The suspected attacker’s primary address still holds over $210 million …
Indian Crypto Exchange WazirX Faces $235M Security Breach Read More »
OKX Exchange Ceases Nigerian Operations Over Regulatory Shifts
OKX has announced its exit from Nigeria, halting services for all Nigerian customers due to recent changes in local laws and regulations. Nigerian users have until August 16, 2024, to access platform features, after which they can only withdraw funds or close positions. This move follows regulatory challenges in Nigeria, including the Nigerian government’s earlier …
OKX Exchange Ceases Nigerian Operations Over Regulatory Shifts Read More »
U.S. Senator Who Called Bitcoin a Criminal Tool Faces Bribery Conviction
Senator Bob Menendez (D-NJ) was found guilty on July 16 of accepting bribes, including gold bars and a luxury car, in exchange for political influence, making him the first sitting member of Congress convicted of acting as a foreign agent. Menendez, a long-time crypto critic, had labeled Bitcoin as “an ideal choice for criminals.” The …
U.S. Senator Who Called Bitcoin a Criminal Tool Faces Bribery Conviction Read More »
Mt. Gox Funds Arrive at Kraken, Distribution Set to Begin
Kraken has notified users that Mt. Gox reimbursement funds have been received and will be distributed within seven to 14 days. Arkham Intelligence reported a transfer of 48,641 Bitcoin, valued at $3.1 billion, from a Mt. Gox trustee wallet, believed to be associated with Kraken. Recently, Mt. Gox trustees have moved funds from cold to …
Mt. Gox Funds Arrive at Kraken, Distribution Set to Begin Read More »
Metaplanet Acquires Additional $1.2M in Bitcoin Amid Price Surge
On July 16, Metaplanet’s share price surged 22% on the Tokyo Stock Exchange after announcing a $1.2 million Bitcoin purchase. The company acquired 21.88 BTC, bringing its total holdings to 225.6 BTC, valued at $14.6 million. This purchase, along with Bitcoin’s 4.4% price rise in the last 24 hours, drove Metaplanet’s share price up 25.8% …
Metaplanet Acquires Additional $1.2M in Bitcoin Amid Price Surge Read More »
Trump Selects Pro-Crypto Senator JD Vance as Vice Presidential Candidate
Former President Donald Trump has chosen Senator JD Vance as his running mate for the 2024 election. Vance, who holds between $100,001 and $250,000 in Bitcoin, is a strong supporter of cryptocurrencies. He has voted in favor of pro-crypto legislation, including a resolution to overturn a rule requiring banks to report crypto as a liability, …
Trump Selects Pro-Crypto Senator JD Vance as Vice Presidential Candidate Read More »
Lazarus Group Launders Millions from DMM Bitcoin Hack via Cambodian Marketplace
In May, hackers stole $305 million from DMM Bitcoin. Recently, over $35 million of this stolen cryptocurrency was laundered through the Cambodian marketplace Huione Guarantee, which is reportedly linked to Cambodia’s ruling Hun family. Blockchain forensics firm Elliptic and cryptocurrency investigator ZachXBT revealed that Huione Guarantee has handled $11 billion in illicit crypto transactions. The …
Lazarus Group Launders Millions from DMM Bitcoin Hack via Cambodian Marketplace Read More »
Trump Memecoin Gains 30% Amid Assassination Attempt
Former President Donald Trump survived an assassination attempt during a rally in Butler, Pennsylvania, which caused a significant impact on Trump-themed cryptocurrencies and his election odds on prediction markets. The largest Trump memecoin, MAGA (TRUMP), surged over 30%, and its market capitalization increased dramatically. Other Trump-themed memecoins like Tremp (TREMP) and MAGA Hat (MAGA) also …
Trump Memecoin Gains 30% Amid Assassination Attempt Read More »
Dough Finance Falls Victim to $1.8M Flash Loan Hack
Dough Finance, a DeFi protocol, suffered a $1.8 million loss due to a flash loan attack that exploited unvalidated calldata. The attacker stole 608 ETH by manipulating the “ConnectorDeleverageParaswap” contract. Web3 security firms Cyvers and Olympix detected and analyzed the attack. Cyvers confirmed that Aave pools were safe, while Olympix advised Dough Finance users to …
Dough Finance Falls Victim to $1.8M Flash Loan Hack Read More »
Germany Approaches Final Phase of Bitcoin Sales, Holds Under 5K BTC
On Thursday, blockchain data showed that German authorities from Saxony transferred 10,567 BTC, worth over $600 million, to exchanges like Bitstamp, Coinbase, and Kraken, as well as brokers such as Flow Traders and Cumberland DRW, according to Arkham Intelligence. This reduced their holdings to 4,925 BTC ($285 million) from nearly 50,000 BTC ($3 billion) three …
Germany Approaches Final Phase of Bitcoin Sales, Holds Under 5K BTC Read More »
Illegal Crypto Miners in Malaysia Stole $723M in Electricity: Deputy Minister
Malaysia’s Deputy Minister of Energy Transition and Water Transformation reported $723 million in electricity theft by illegal crypto miners from 2018 to 2023. This announcement was made at an event where over 2,000 seized mining machines, worth about $467,000, were destroyed. The theft has severely impacted the state power company, Tenaga Nasional Berhad, and local …
Illegal Crypto Miners in Malaysia Stole $723M in Electricity: Deputy Minister Read More »
BitMEX Pleads Guilty to Bank Secrecy Act Charges, AML Failures Highlighted
The US Department of Justice announced that BitMEX, a cryptocurrency exchange, admitted to violating the Bank Secrecy Act (BSA) by failing to establish an effective Anti-Money Laundering (AML) program from 2015 to 2020. US Attorney Damian Williams highlighted that BitMEX’s lack of a robust AML program facilitated large-scale money laundering and sanctions evasion, posing a …
BitMEX Pleads Guilty to Bank Secrecy Act Charges, AML Failures Highlighted Read More »
Massive $11 Billion Crypto Fraud Tied to Huione Guarantee, Says Elliptic
Elliptic’s report exposes how the Huione Guarantee marketplace, operated by the Cambodian conglomerate Huione Group, facilitated over $11 billion in money laundering and cyber scams, primarily using Tether (USDT) transactions. The marketplace, mostly operating in Chinese, is linked to various illegal activities, including selling personal data, money laundering, and developing tools for scam operations and …
Massive $11 Billion Crypto Fraud Tied to Huione Guarantee, Says Elliptic Read More »
Circle Launches Euro-Backed Stablecoin on Base Network
Circle has launched its euro-backed stablecoin, EURC, on the Base network, as of July 9. This expands EURC’s native issuance to Base, an Ethereum layer-2 network, alongside its existing presence on Avalanche, Ethereum, Solana, and Stellar. Previously, layer-2 networks could only use derivative forms of EURC. Circle’s announcement highlights that this new version will simplify …
Circle Launches Euro-Backed Stablecoin on Base Network Read More »
Australian Securities Exchange Approves DigitalX’s BTXX Bitcoin ETF
Australia’s ASX has approved the launch of DigitalX’s Bitcoin ETF, trading under the ticker “BTXX,” starting Friday. This marks a significant development for Australian investors, as it allows them to invest in Bitcoin without managing digital wallets. The ETF is a collaboration between DigitalX, K2 Asset Management, and Canada’s 3iQ, a pioneer in crypto ETFs. …
Australian Securities Exchange Approves DigitalX’s BTXX Bitcoin ETF Read More »
Bitcoin Slumps as Germany Dumps $900M in BTC
The German government is selling off its Bitcoin holdings, with a recent $900 million sale raising concerns about downward pressure on BTC prices. The “German Government (BKA)” wallet transferred approximately 16,309 BTC on July 8, marking its largest single-day liquidation. Transfers went to exchanges like Bitstamp, Coinbase, Kraken, and market makers like Flow Traders and …
$1.7M Vanishes: Coinbase Scam Leaves Victim Reeling
A victim lost $1.7 million to scammers posing as Coinbase representatives. The scam involved a phone call and emails that appeared to be from Coinbase, convincing the victim to share part of their seed phrase. The scammers claimed that the victim’s wallet was “connecting directly with the blockchain,” prompting the victim to enter their seed …
$1.7M Vanishes: Coinbase Scam Leaves Victim Reeling Read More »
Justin Sun Announces Development of Gas-Free Stablecoins on Tron and Ethereum
Tron’s founder, Justin Sun, has announced plans for a gas-free stablecoin solution aimed at enhancing corporate adoption of blockchain technology. Set to launch on the Tron blockchain in the fourth quarter and later on Ethereum and other EVM-compatible chains, this solution would allow peer-to-peer transfers without gas fees, covered entirely by the stablecoins. Sun believes …
Justin Sun Announces Development of Gas-Free Stablecoins on Tron and Ethereum Read More »
Mt. Gox Transfers $2.7 Billion in Bitcoin to New Wallet Amid Creditor Repayments
Mt. Gox, a collapsed Japanese crypto exchange, transferred 47,229 Bitcoin (worth $2.71 billion) to a new wallet address, marking its first major transaction since May. This movement is part of Mt. Gox’s plan to repay creditors, with a total of $8.5 billion in Bitcoin scheduled for repayment. On July 5, the exchange also moved 1,545 …
Mt. Gox Transfers $2.7 Billion in Bitcoin to New Wallet Amid Creditor Repayments Read More »
Justin Sun Offers to Buy German Government’s $2.3B Bitcoin Holdings
Tron founder Justin Sun has offered to buy the German government’s Bitcoin holdings, valued at over $2.3 billion, to minimize the negative price impact of market sales. This offer comes as the German government-linked wallet, believed to contain Bitcoin seized from the pirate movie website operator Movie2k, has been steadily selling its holdings since mid-June. …
Justin Sun Offers to Buy German Government’s $2.3B Bitcoin Holdings Read More »
Nigeria to Establish Nationwide AI and Blockchain Research Hubs
Nigeria’s National Information Technology Development Agency (NITDA) announced plans to establish research centers across the six geopolitical zones, focusing on AI, IoT, blockchain, UAVs, additive manufacturing, and robotics. NITDA’s Director-General, Kashifu Inuwa, revealed this initiative at the IoT West Africa Conference in Lagos, highlighting efforts to foster a robust technology research ecosystem. The centers aim …
Nigeria to Establish Nationwide AI and Blockchain Research Hubs Read More »
Riot Platforms Sees Record-Breaking Hash Rate Surge to 22 EH/s
In June, Bitcoin mining firm Riot Platforms increased its hash rate by 50%, reaching 22 exahashes per second (EH/s), surpassing CleanSpark and Core Scientific, and now only trailing Marathon Digital’s 31.5 EH/s. This growth was due to completing miner installations at its Corsicana and Rockdale facilities. Riot mined 255 Bitcoin in June, a near-20% increase …
Riot Platforms Sees Record-Breaking Hash Rate Surge to 22 EH/s Read More »
German Government Moves $52M in Bitcoin, Market Impact Feared
A cryptocurrency wallet linked to the German government sold $52 million worth of Bitcoin, raising suspicions of a broader sell-off. On July 2, the wallet transferred 832.7 BTC in four transactions: 100 BTC to Coinbase, 150 BTC to Bitstamp, 32.74 BTC to Kraken, and 550 BTC to an unknown wallet “139Po,” which previously received funds …
German Government Moves $52M in Bitcoin, Market Impact Feared Read More »
Aave’s GHO Stablecoin Debuts on Arbitrum: What It Means for DeFi
Aave has deployed its GHO stablecoin on the Arbitrum network following a vote from its decentralized autonomous organization (DAO). This decision aims to leverage Arbitrum’s low transaction costs and increased throughput. The deployment is part of a phased plan to eventually launch GHO on multiple networks, prioritizing security and risk management. Chainlink’s Cross-Chain Interoperability Protocol …
Aave’s GHO Stablecoin Debuts on Arbitrum: What It Means for DeFi Read More »
Bahamas to Enforce Bank Compliance with ‘Sand Dollar’ CBDC
The Bahamas is set to mandate commercial banks to support its “Sand Dollar”central bank digital currency (CBDC) to boost its adoption. Despite being an early adopter, the usage of the Sand Dollar, launched in 2020, has been slow, with the CBDC representing less than 1% of the country’s currency. John Rolle, the governor of the …
Bahamas to Enforce Bank Compliance with ‘Sand Dollar’ CBDC Read More »
SEC Takes Action Against Silvergate for $9B FTX Fraud
The SEC has sued Silvergate Capital Corporation, alleging its involvement in a $9 billion fraud related to the collapsed FTX exchange. The SEC claims that Silvergate, along with former CEO Alan Lane and former Chief Risk Officer Kathleen Fraher, misled investors about their compliance programs and monitoring of crypto customers. Former CFO Antonio Martino is …
SEC Takes Action Against Silvergate for $9B FTX Fraud Read More »
Polymarket Reaches $100M Monthly Volume as Presidential Bets Increase
Polymarket, a decentralized predictions platform, has reached a monthly trading volume of $100 million amid increased betting on the 2024 U.S. presidential election. Currently, $203.3 million in bets have been placed on the election outcome across 17 prediction markets. Former President Donald Trump leads with 62% odds and $24.7 million in bets. Incumbent President Joe …
Polymarket Reaches $100M Monthly Volume as Presidential Bets Increase Read More »
Floki Inu Warns Community About Fake Tokens on Solana and Base
Floki Inu has issued a warning to its community about fake tokens falsely claiming to be affiliated with the Floki Inu brand on the Solana and Base blockchains. The project emphasized that the legitimate FLOKI token is only available on the BNB Smart Chain and Ethereum networks, providing the correct contract addresses for verification. Despite …
Floki Inu Warns Community About Fake Tokens on Solana and Base Read More »
Trump Receives $1M Crypto Donation from Kraken Co-founder Jesse Powell
Jesse Powell, co-founder of Kraken, has donated $1 million in Ether to Donald Trump’s 2024 presidential campaign, highlighting Trump as the only pro-crypto major party candidate. Powell criticized the Biden administration, particularly Senator Elizabeth Warren and SEC Chair Gary Gensler, for harming U.S. competitiveness in the crypto sector. He believes Trump’s leadership could help the …
Trump Receives $1M Crypto Donation from Kraken Co-founder Jesse Powell Read More »
Coinbase and Stripe Partner to Enhance Fiat-to-Crypto Onboarding
Coinbase and Stripe have announced a partnership to facilitate easier fiat-to-crypto transactions. This integration will introduce support for USD Coin (USDC) on Coinbase’s layer-2 network, Base, enhancing Stripe’s crypto payouts for faster cross-border remittances across 150 countries. USDC will also be part of Stripe’s fiat-to-crypto on-ramp, simplifying the conversion of fiat to digital assets for …
Coinbase and Stripe Partner to Enhance Fiat-to-Crypto Onboarding Read More »
State Street and Galaxy Digital Team Up to Launch New Digital Asset ETFs
State Street Global Advisors has partnered with Galaxy Digital to introduce new exchange-traded funds (ETFs) focused on digital assets, extending beyond just spot Bitcoin ETFs. The new ETFs will target investments in publicly traded digital asset firms, such as crypto exchanges, mining firms, hardware wallet providers, and crypto-focused venture capital firms, both in the U.S. …
State Street and Galaxy Digital Team Up to Launch New Digital Asset ETFs Read More »
U.S. Government Transfers 3,940 Seized Bitcoin to Coinbase – What You Need to Know
The U.S. government has transferred 3,940 Bitcoin to a Coinbase Prime wallet on June 26, 2024. These Bitcoins were seized from Banmeet Singh, a convicted drug dealer, during his January 2024 trial. Singh, arrested in 2019 in London and extradited to the U.S. in 2023, ran a narcotics smuggling network from 2012 to 2017. As …
U.S. Government Transfers 3,940 Seized Bitcoin to Coinbase – What You Need to Know Read More »
Hong Kong Eyes Fintech Growth with DeFi and Metaverse
Hong Kong’s government-backed studies highlight the significant growth potential of decentralized finance (DeFi) and metaverse technologies despite current challenges. Released on June 25 by the Hong Kong Institute for Monetary and Financial Research (HKIMR), the reports emphasize DeFi’s remarkable expansion from a $6 billion market cap in 2021 to over $80 billion in 2023, underscoring …
Hong Kong Eyes Fintech Growth with DeFi and Metaverse Read More »
Tether Ends Support for USDT on EOS and Algorand Blockchains
Tether has announced it will stop issuing new USDT tokens on the EOS and Algorand blockchains starting June 24, 2024. The decision aligns with Tether’s strategy to focus resources on enhancing security and efficiency while promoting innovation. Despite halting new issuance, Tether will continue redeeming USDT on these blockchains for the next 12 months, with …
Tether Ends Support for USDT on EOS and Algorand Blockchains Read More »
Jump Crypto President Steps Down During CFTC Probe
Kanav Kariya, head of Jump Trading’s digital asset arm Jump Crypto, has announced his resignation amid reports of a Commodity Futures Trading Commission (CFTC) investigation. In a June 24 social media post, Kariya, now the former president of Jump Crypto, shared his plans to focus on personal relationships and reading while exploring new ventures, describing …
Jump Crypto President Steps Down During CFTC Probe Read More »
Michael Saylor Predicts Bitcoin Will Soar to $10M and Transform Economics
Michael Saylor, co-founder and executive chairman of MicroStrategy, shared his views on Bitcoin in an 84-minute podcast with host Robin Seyr. Saylor made a bold prediction that Bitcoin’s price would reach $10 million per coin. He praised Bitcoin as “perfect money”, contrasting it with “imperfect money” and suggested it could provide economic immortality for companies. …
Michael Saylor Predicts Bitcoin Will Soar to $10M and Transform Economics Read More »
Binance Takes Action: $5.3M in Stolen BtcTurk Funds Frozen
Binance is assisting in investigating a malicious attack on the Turkish crypto exchange BtcTurk, where over $5 million in stolen funds have been frozen. Binance CEO Richard Teng announced on June 22 that Binance is helping with the investigation and has already frozen $5.3 million in stolen funds. The attack primarily affected BtcTurk’s hot wallets, …
Binance Takes Action: $5.3M in Stolen BtcTurk Funds Frozen Read More »
Ripple Faces Lawsuit Over CEO’s Alleged Misleading XRP Statements
A federal court in California has allowed a civil securities lawsuit against Ripple Labs to proceed, rejecting the company’s request for summary judgment. The case focuses on allegations that Ripple CEO Brad Garlinghouse made misleading statements during a 2017 interview, claiming he was “very, very long” on XRP while allegedly selling millions of XRP that …
Ripple Faces Lawsuit Over CEO’s Alleged Misleading XRP Statements Read More »
CertiK Returns $3 Million to Kraken, Resolving Bug Bounty Conflict
Kraken has successfully recovered nearly $3 million in digital assets following a bug bounty exploit incident involving blockchain security firm CertiK. The issue began on June 9 when a security researcher maliciously withdrew the funds from Kraken’s treasury after discovering and sharing a bug. Despite initial claims by CertiK that Kraken threatened its employees over …
CertiK Returns $3 Million to Kraken, Resolving Bug Bounty Conflict Read More »
VanEck’s Bitcoin ETF Starts Strong with 99,791 Shares Traded on ASX on First Day
The VanEck Bitcoin ETF launched on the Australian Securities Exchange (ASX), marking a significant step in bringing global BTC ETF trends to Australia. On its debut, the ETF saw a 1% increase from its opening price, closing at A$20.06 ($13.4) with nearly 100,000 shares traded. This ETF invests in VanEck’s U.S. Bitcoin Trust. The launch …
VanEck’s Bitcoin ETF Starts Strong with 99,791 Shares Traded on ASX on First Day Read More »
Crypto Giant Binance Appeals $4.4M Fine in Canada
Binance, a cryptocurrency exchange, announced its exit from the Canadian market in 2023 but may still face enforcement actions from local regulators. Binance has filed an appeal against a $4.4 million fine imposed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for alleged noncompliance with Anti-Money Laundering (AML) and Countering the Financing …
Crypto Giant Binance Appeals $4.4M Fine in Canada Read More »
North Dakota Revokes Binance.US Money Transmitter License
North Dakota has revoked the money transmitter license for Binance.US, making it the seventh state to do so. Lise Kruse, Commissioner of the North Dakota Department of Financial Institutions (DFI), announced that BAM Trading Services, operating as Binance.US, failed to comply with state money transmitter laws. The revocation is linked to federal convictions against Binance …
North Dakota Revokes Binance.US Money Transmitter License Read More »
CleanSpark’s Bold Expansion: Five New Georgia Mining Sites Acquired
CleanSpark, an American Bitcoin mining company focused on clean energy, has announced a $25.8 million agreement to acquire five mining facilities in Georgia. The deal, expected to close immediately, will add over 3.7 exahashes per second (EH/s) to CleanSpark’s processing power, potentially boosting the company’s total hashrate to over 20 EH/s by the end of …
CleanSpark’s Bold Expansion: Five New Georgia Mining Sites Acquired Read More »
Uphold to Delist USDT and Five Stablecoins by July 1 Due to MiCA Compliance
Uphold will remove support for six stablecoins, including Tether (USDT) and Dai (DAI), by July 1 to comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA). Users must convert these stablecoins to other cryptocurrencies by June 28, or Uphold will automatically convert them to USD Coin (USDC). This change aligns with MiCA’s stricter regulations …
Uphold to Delist USDT and Five Stablecoins by July 1 Due to MiCA Compliance Read More »
Meet Alloy: Tether’s Innovative Gold-Backed Stablecoin
Tether has introduced a new gold-backed stablecoin called Alloy (aUSDT), pegged to the U.S. dollar. This is Tether’s first asset of this type, available on the Alloy by Tether platform. Alloy is overcollateralized by Tether Gold (XAUt), which represents ownership of physical gold, and mimics the value and functionality of the U.S. dollar through synthetic …
Meet Alloy: Tether’s Innovative Gold-Backed Stablecoin Read More »
Mark Cuban Predicts Gensler’s Moves Might Be Biden’s Election Downfall
Billionaire investor Mark Cuban has expressed concerns that Gary Gensler’s actions as head of the SEC could negatively impact President Joe Biden’s re-election chances. Speaking at Coinbase’s State of Crypto Summit, Cuban suggested that Gensler could “literally cost Joe Biden the election.” Cuban has previously called for regulatory clarity and suggested the CFTC should oversee …
Mark Cuban Predicts Gensler’s Moves Might Be Biden’s Election Downfall Read More »
Trump Pledges to End Biden’s Crypto Crackdown
Former President Donald Trump has pledged to end what he calls President Joe Biden’s “war on crypto” if he is re-elected. Speaking in West Palm Beach, Florida, on his 78th birthday, Trump promised that the future of crypto, particularly Bitcoin, would be secured and advanced in the United States, with a focus on Florida. Trump …
Swiss Financial Watchdog Forces FlowBank Into Bankruptcy
FlowBank, a Swiss online bank known for its cryptocurrency trading services, has been ordered into bankruptcy by the Swiss Financial Market Supervisory Authority (FINMA). The regulator found that FlowBank had severely breached necessary standards, particularly failing to maintain the required minimum capital for its operations. With no possibility of restructuring and concerns of over-indebtedness, FINMA …
Swiss Financial Watchdog Forces FlowBank Into Bankruptcy Read More »
Approval of Spot Ether ETFs Expected by Summer 2024, SEC Chair Says
The United States Securities and Exchange Commission (SEC) is expected to approve the listing and trading of spot Ether ETFs within the next three months, according to SEC Chair Gary Gensler. During a Senate Banking Committee hearing on June 13, Gensler mentioned that the approval of S-1 registration statements for asset managers could occur “sometime …
Approval of Spot Ether ETFs Expected by Summer 2024, SEC Chair Says Read More »
MicroStrategy Plans $500M Stock Sale to Bolster Bitcoin Holdings
MicroStrategy has announced plans to conduct a $500 million stock sale to purchase more Bitcoin. This move reinforces its strategy of using Bitcoin as a primary treasury reserve asset. The company will offer $500 million in convertible senior notes, which are due in 2032. These notes will be unsecured and bear interest payable semi-annually, with …
MicroStrategy Plans $500M Stock Sale to Bolster Bitcoin Holdings Read More »
Riot Acquires 13% Stake in Bitfarms Amid CEO’s ‘Poison Pill’ Concerns
Riot Platforms has acquired a 13.1% stake in Bitfarms, purchasing around six million common shares valued at over $111 million. This acquisition comes amidst Riot’s takeover attempt, which Bitfarms is trying to thwart using a “poison pill” strategy introduced on June 10. This strategy aims to prevent Riot from acquiring a 15% or larger stake …
Riot Acquires 13% Stake in Bitfarms Amid CEO’s ‘Poison Pill’ Concerns Read More »
Trump Demands ‘Made in the USA’ Bitcoin After Hosting Top Miners
Donald Trump has expressed strong support for the Bitcoin mining industry. On June 11, he emphasized his desire for Bitcoin mining to be based in the USA, claiming it would help achieve energy dominance and serve as a defense against central bank digital currencies. This stance was reaffirmed after a meeting with executives from major …
Trump Demands ‘Made in the USA’ Bitcoin After Hosting Top Miners Read More »
Ripple Labs Seals the Deal: Standard Custody Acquisition Complete!
Ripple Labs has completed its acquisition of Standard Custody, a digital asset custodian, as of June 11. This move is part of Ripple’s strategy to introduce a US dollar stablecoin and advance in real-world asset tokenization. Jack McDonald, CEO of Standard Custody, will also serve as Ripple’s senior vice president of stablecoins. Standard Custody’s approval …
Ripple Labs Seals the Deal: Standard Custody Acquisition Complete! Read More »
Australia’s Premier Crypto Group Rebrands as DECA
Blockchain Australia has rebranded as the Digital Economic Council of Australia (DECA) to attract a broader range of fintech firms and banks. This change includes new membership categories for various sectors, including banks, many of which have blocked crypto exchanges. The rebranding aligns with CEO Simon Callaghan’s resignation, with Amy-Rose Goodey stepping in as managing …
Australia’s Premier Crypto Group Rebrands as DECA Read More »
Withdrawals Paused as Lykke Exchange Admits to $22M Hack
Lykke cryptocurrency exchange was hacked on June 4, leading to a halt in withdrawals announced on June 10. The exchange assured users that their funds are safe and will be recovered. Both Lykke UK and Lykke Corp AG were impacted, with withdrawals paused as a preventive measure. Lykke, established in 2015 in Switzerland, is known …
Withdrawals Paused as Lykke Exchange Admits to $22M Hack Read More »
Crypto Giant Binance Surpasses 200M Users with $100B in Custody
Binance, the world’s largest cryptocurrency exchange by trading volume, announced it has reached 200 million global users, a significant milestone that positions it as serving over a third of all cryptocurrency holders worldwide. This achievement was celebrated on June 8, 2024, with Binance promoting the news across its social media platforms. Binance’s growth trajectory has …
Crypto Giant Binance Surpasses 200M Users with $100B in Custody Read More »
Axie Infinity Developer Sky Mavis Reclaims $5.7M from Major Hack
Sky Mavis, the company behind Axie Infinity, has recovered $5.7 million from the 2022 Ronin Bridge hack with the help of Norwegian authorities. Norway’s Økokrim froze and returned the stolen funds after extensive coordination with law enforcement, legal experts, accountants, and blockchain forensic teams like Chainalysis. The company expressed gratitude to both Norwegian authorities and …
Axie Infinity Developer Sky Mavis Reclaims $5.7M from Major Hack Read More »
Telegram Introduces ‘Stars’ Token for In-App Digital Purchases
Telegram has introduced “Telegram Stars,” a new in-app token for buying digital goods and services on its platform. Pavel Durov, Telegram’s CEO, announced that mini apps could use Stars for in-app purchases, facilitating an easier payment process. Developers can convert Stars to Toncoin (TON) via Fragment, a platform for trading Telegram usernames, and use Stars …
Telegram Introduces ‘Stars’ Token for In-App Digital Purchases Read More »
Kraken Eyes $100M Funding Ahead of Potential IPO
Kraken, a prominent United States-based cryptocurrency exchange, is reportedly gearing up to initiate a funding round aimed at raising over $100 million, setting the stage for a potential initial public offering (IPO) by 2023. According to a recent Bloomberg report, Kraken is strategically exploring various pathways to foster global adoption of cryptocurrencies, although specific details …
Kraken Eyes $100M Funding Ahead of Potential IPO Read More »
New Law Gives POTUS Control to Restrict Digital Asset Access
A recent U.S. law grants the President significant powers to restrict access to digital assets, eliciting concerns due to its potential to impose sweeping restrictions. Critic Scott Johnsson describes the law as giving the President the authority to ban users from specific protocols or smart contracts deemed connected to foreign sanctions violators by the Treasury …
New Law Gives POTUS Control to Restrict Digital Asset Access Read More »
Coinbase Launches Wallet with No Gas Fees and Effortless Onboarding
Coinbase is launching a new smart wallet designed to enhance user convenience and security by eliminating gas fees and simplifying the onboarding process. The wallet allows users to create a new wallet and start using blockchain without needing a new app or recovery phrase, integrating with major apps and using passkeys stored on devices for …
Coinbase Launches Wallet with No Gas Fees and Effortless Onboarding Read More »
Japanese Crypto Exchange DMM Bitcoin Raises $320M for Post-Hack Recovery
DMM Bitcoin, a Japanese crypto exchange, was recently hacked, resulting in a loss of $320 million worth of Bitcoin (4,503 BTC). To compensate affected users, DMM Bitcoin plans to raise 50 billion yen ($320 million) by procuring Bitcoin from its group company, DMM.com. The exchange assured users that it will minimize market impact during the …
Japanese Crypto Exchange DMM Bitcoin Raises $320M for Post-Hack Recovery Read More »
SEC Office Shuts Down After $1.8 Million Penalty in DEBT Box Case
A federal judge ordered the U.S. Securities and Exchange Commission (SEC) to pay $1.8 million following “bad faith conduct” related to a temporary restraining order to freeze DEBT Box’s assets. This decision led to the closure of the SEC’s Salt Lake Regional Office due to “significant attrition,” with operations shifting to Denver. Judge Robert Shelby …
SEC Office Shuts Down After $1.8 Million Penalty in DEBT Box Case Read More »
Coinbase Joins Ripple and Andreessen Horowitz with $25M Donation to Fairshake PAC
Coinbase has contributed $25 million to the crypto-focused super political action committee (PAC) Fairshake, joining forces with Andreessen Horowitz and Ripple. This brings the total funds raised by Fairshake to $160 million for this election cycle. The PAC aims to influence U.S. elections by supporting pro-crypto candidates and opposing anti-crypto ones. Coinbase CEO Brian Armstrong …
Coinbase Joins Ripple and Andreessen Horowitz with $25M Donation to Fairshake PAC Read More »
Historic Launch: Australia’s First Direct Bitcoin ETF Goes Live Today
Australia’s first spot-bitcoin ETF with direct bitcoin holdings is set to launch on the Cboe Australia exchange. Monochrome Asset Management’s Monochrome Bitcoin (BTC) Exchange-Traded Fund (ETF), known as IBTC, will begin trading today. This product is unique in Australia as it directly holds bitcoin, unlike the two existing crypto-related exchange-traded products which only offer indirect …
Historic Launch: Australia’s First Direct Bitcoin ETF Goes Live Today Read More »
OKX Launches Crypto Exchange and Wallet in the Netherlands
OKX, a major global cryptocurrency exchange, has officially launched its services in the Netherlands, rebranding from Okcoin Europe. The launch includes a centralized crypto exchange (CEX) and the OKX Wallet, which allows Dutch users to trade around 150 cryptocurrencies, with at least 60 trading pairs available in euros. OKX has integrated with the local payment …
OKX Launches Crypto Exchange and Wallet in the Netherlands Read More »
Nayib Bukele: El Salvador’s Bitcoin President Takes Oath for Another Term
El Salvador’s President Nayib Bukele, a strong advocate for Bitcoin, has been sworn in for another five-year term. Bukele’s pro-Bitcoin stance has earned him significant praise within the cryptocurrency community. After a decisive victory in February, he was celebrated by figures like Cory Bates and Pete Rizzo for his leadership and commitment to Bitcoin. The …
Nayib Bukele: El Salvador’s Bitcoin President Takes Oath for Another Term Read More »
Robinhood Introduces Crypto API for US Market
Robinhood has launched a new cryptocurrency trading API for US users, announced on May 30, designed to attract experienced crypto traders. This API enables automated trading strategies, allowing users to respond swiftly to market changes and execute trades without manually opening the Robinhood app. Developers can build custom tools and programs for crypto trading, utilizing …
Former Bank Executive Sentenced to 41 Months for Cryptocurrency Fraud
Rashawn Russell, a former Deutsche Bank executive, was sentenced to 41 months in prison for wire fraud and access device fraud involving a cryptocurrency scheme. Operating the fraudulent R3 Crypto Fund from November 2020 to August 2022, Russell promised significant returns on cryptocurrency investments but used investors’ money for personal expenses and to repay other …
Former Bank Executive Sentenced to 41 Months for Cryptocurrency Fraud Read More »
New PayPal Stablecoin on Solana Features Confidential Transfers
PayPal has expanded its PYUSD stablecoin to the Solana blockchain, introducing “confidential transfers” as a key feature. This enhancement allows merchants to keep transaction amounts private while remaining accessible for regulatory scrutiny. Crypto enthusiast Udi Wertheimer noted the similarity to Bitcoin’s unimplemented “confidential transactions.” Helius Labs CEO Mert Mumtaz highlighted Solana’s support for confidential transfers …
New PayPal Stablecoin on Solana Features Confidential Transfers Read More »
Mastercard Launches Crypto Credentials P2P Pilot Program
Mastercard has launched a Crypto Credentials P2P pilot program to simplify crypto transactions and reduce user errors. This pilot involves exchange partners Bit2Me, Lirium, Mercado, and wallet provider FoxBit, aiming to streamline the user experience by assigning human-readable aliases to users, verified by Mastercard. This innovation eliminates the need to handle complex wallet addresses and …
Mastercard Launches Crypto Credentials P2P Pilot Program Read More »
BlackRock’s IBIT Now World’s Largest Bitcoin ETF, Surpassing GBTC
BlackRock’s $20 billion spot Bitcoin ETF (IBIT) recorded significant inflows of over $102 million on May 28, surpassing Grayscale’s Bitcoin Trust (GBTC) to become the world’s largest Bitcoin ETF. On the same day, GBTC experienced outflows of $105 million. As a result, BlackRock’s ETF now holds 288,670 Bitcoin, compared to Grayscale’s 287,450 Bitcoin, down from …
BlackRock’s IBIT Now World’s Largest Bitcoin ETF, Surpassing GBTC Read More »
Binance France Undergoes Ownership Change After AMF Warning
Binance France has undergone a change in ownership following a warning from the Financial Markets Authority (AMF) in December. The company is now owned equally by new shareholders, after former CEO Changpeng Zhao exited the company due to regulatory issues involving the U.S. Justice Department, CFTC, and the Treasury’s Financial Crimes Enforcement Network. Zhao pleaded …
Binance France Undergoes Ownership Change After AMF Warning Read More »
Mt. Gox Moves $9B in Bitcoin to Single Address for Repayment Plans
On May 28, 2024, Mt. Gox, the defunct Bitcoin exchange, transferred over 140,000 BTC, valued at approximately $9 billion, to a single address. This series of thirteen transactions likely aims to repay creditors by October 31, 2024. The process began with a test transaction of $3 on May 20, followed by another small transaction of …
Mt. Gox Moves $9B in Bitcoin to Single Address for Repayment Plans Read More »
Nomura Holdings and GMO Group Launch Stablecoin Research Partnership in Japan
Nomura Holdings and GMO Internet Group are partnering to introduce stablecoins in Japan, pegged to the Japanese yen and the US dollar. This collaboration includes Laser Digital Holdings, a subsidiary of Nomura that deals with digital assets. The initiative will focus on traditional stablecoin issuance, ensuring regulatory compliance, and offering stablecoins-as-a-service. Nomura Holdings CEO Kentaro …
Nomura Holdings and GMO Group Launch Stablecoin Research Partnership in Japan Read More »
Argentina Eyes El Salvador’s Bitcoin Triumph for Inspiration
The government of Argentina is collaborating with El Salvador to gain insights from its experience in Bitcoin adoption and other cryptocurrency activities. Argentina’s National Securities Commission (CNV) recently met with El Salvador’s National Commission of Digital Assets (CNAD) to discuss crypto adoption and regulation, according to an official CNV announcement. During the meeting on May …
Argentina Eyes El Salvador’s Bitcoin Triumph for Inspiration Read More »
Trump Vows to Free Silk Road Founder Ross Ulbricht if Re-Elected
Former President Donald Trump has pledged to pardon Ross Ulbricht, the founder of Silk Road, if he is re-elected in the upcoming November election. “If you vote for me, on day one I will commute the sentence of Ross Ulbircht,” Trump declared at the Libertarian Party’s National Convention in Washington on May 25. “He’s already …
Trump Vows to Free Silk Road Founder Ross Ulbricht if Re-Elected Read More »
Binance Executive Collapses During Nigeria Money Laundering Hearing
Tigran Gambaryan, a Binance executive detained in Nigeria, collapsed during his trial for alleged foreign exchange violations and money laundering offenses in the Federal High Court in Abuja. His lawyer, Mark Mordi, informed the court on May 22 that Gambaryan had been unwell since the previous trial date. Gambaryan had missed a court appearance for …
Binance Executive Collapses During Nigeria Money Laundering Hearing Read More »
Coinbase Resumes XRP Trading in New York
On May 23, Coinbase’s chief legal officer, Paul Grewal, announced that customers in New York can trade XRP again after a nine-month hiatus. Grewal stated, “XRP trading on Coinbase is available again in NY. We heard you and put in the work in strong partnership with the State. And now the word can be put …
Could Solana ETFs Be Next? A CNBC Trader Sparks Controversy
Brian Kelly, a crypto investor and CNBC “Fast Money” trader, suggested that Solana (SOL) could be the next cryptocurrency to receive a spot exchange-traded fund (ETF) in the United States. He made this prediction on May 22, ahead of the SEC’s decision on a proposed spot Ether (ETH) ETF. Kelly’s view sparked a debate, with …
Could Solana ETFs Be Next? A CNBC Trader Sparks Controversy Read More »
Breakthrough for Crypto: FIT21 Bill Passes US House with Bipartisan Support
On May 22, the U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) with a 279 to 136 vote. This bill aims to provide regulatory clarity for digital assets by defining the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The …
Breakthrough for Crypto: FIT21 Bill Passes US House with Bipartisan Support Read More »
Coffeezilla Exposes AI Firm Rabbit in Alleged NFT Scam
YouTube investigator Stephen Findeisen, better known as “Coffeezilla,” has accused the artificial intelligence company Rabbit of orchestrating a nonfungible token (NFT) scam and attempting to conceal it. On May 21, Findeisen published a video on his Coffeezilla channel revealing Rabbit AI’s involvement in NFTs. He pointed out that the company was previously called Cyber Manufacture …
Coffeezilla Exposes AI Firm Rabbit in Alleged NFT Scam Read More »
Fidelity Updates Ether ETF S-1 Filing, Excludes ETH Staking
Fidelity has submitted an amended S-1 application to the United States Securities and Exchange Commission (SEC) for its spot Ether exchange-traded fund (ETF). The updated filing specifies that the ETF’s underlying Ether tokens will not be staked. This amendment comes after the SEC reportedly reversed its stance on spot Ether ETFs, possibly due to political …
Fidelity Updates Ether ETF S-1 Filing, Excludes ETH Staking Read More »
Yuga Labs Suspends CryptoPunks Project Following Community Criticism
Yuga Labs has suspended its CryptoPunks project in response to significant community backlash over the introduction of its new Super Punk World collection. The collection, announced on May 20, features 500 pieces of hybrid 3D sculptures created by New York-based painter Nina Abney. These pieces were intended to pay homage to the irreverent, early-internet roots …
Yuga Labs Suspends CryptoPunks Project Following Community Criticism Read More »
Speculation Grows Over SEC Reconsidering Spot Ether ETF
ETF analysts James Seyffart and Eric Balchunas have increased their estimated odds of the SEC approving a spot Ether exchange-traded fund from 25% to 75%. Two exchange-traded fund analysts are reconsidering the chances of the United States Securities and Exchange Commission (SEC) approving a spot Ether (ETH) exchange-traded fund, citing recent discussions about the financial …
Speculation Grows Over SEC Reconsidering Spot Ether ETF Read More »
Kraken Confirms USDT Will Stay Listed in Europe for Now
Concerns were raised after a Bloomberg article reported Kraken was “actively reviewing” which tokens it could continue to list under the European Union’s upcoming MiCA framework. Cryptocurrency exchange Kraken has “no plans” to delist Tether (USDT) in Europe at the moment despite a recent report claiming the firm was “actively reviewing” the decision to remain …
Kraken Confirms USDT Will Stay Listed in Europe for Now Read More »
Crypto Mining Banned in Venezuela to Preserve Electricity Supply
The Venezuelan government has joined the list of countries that have frowned on crypto mining due to its hefty electricity demands. According to a local news outlet, Venezuela’s Ministry of Electric Power has unveiled plans to disconnect cryptocurrency mining farms from the national grid. The move aims to regulate excessive energy consumption and guarantee a …
Crypto Mining Banned in Venezuela to Preserve Electricity Supply Read More »
US Banks Join DTCC and Chainlink in Fund Data Tokenization Pilot
The world’s largest settlement system, the Depository Trust and Clearing Corporation (DTCC), and blockchain oracle provider Chainlink have concluded a pilot program aimed at increasing the tokenization of traditional finance fund data. This initiative included participation from several major U.S. banking firms, including JPMorgan and BNY Mellon. The Smart NAV Pilot program was designed to …
US Banks Join DTCC and Chainlink in Fund Data Tokenization Pilot Read More »
French Regulator Alerts Investors on Bybit’s Unauthorized Services
The Autorité des Marchés Financiers (AMF), France’s securities regulator, has reiterated a warning to crypto investors regarding Bybit’s operations in the country. In a notice dated May 16, the AMF reminded the public that Bybit, an unregistered crypto platform, has been operating illegally in France by offering digital asset services on behalf of third parties. …
French Regulator Alerts Investors on Bybit’s Unauthorized Services Read More »
Coinbase Eyes Big Opportunity with Australia’s Self-Managed Pension Funds
Coinbase is actively developing a new service aimed at Australia’s self-managed pension funds, signaling its intention to solidify a foothold in this niche market. John O’Loghlen, the Asia-Pacific Managing Director for the exchange, conveyed to Bloomberg that this initiative is designed to attract and retain clients by offering a unique, tailored trading experience. According to …
Coinbase Eyes Big Opportunity with Australia’s Self-Managed Pension Funds Read More »
Ethereum Exploit: How Two Brothers Stole $25 Million in Cryptocurrency
In a landmark case, U.S. officials have charged Anton Peraire-Bueno and James Pepaire-Bueno with multiple counts, including wire fraud and money laundering, related to a sophisticated manipulation of the Ethereum blockchain. This manipulation resulted in a theft of $25 million in cryptocurrency, challenging the security measures of the blockchain technology. According to the U.S. Justice …
Ethereum Exploit: How Two Brothers Stole $25 Million in Cryptocurrency Read More »
Solana Developer Admits to Misusing $300K of User Funds in Gambling
In a surprising confession, a developer affiliated with the Solana-based Cypher Protocol, known pseudonymously as Hoak, has admitted to misappropriating nearly $300,000 from user funds to finance personal gambling activities. The acknowledgment of the theft came through a detailed statement by Hoak on a social media platform on May 14. Hoak stated, “To address the …
Solana Developer Admits to Misusing $300K of User Funds in Gambling Read More »
Big Move: Wisconsin Pours $164 Million Into Bitcoin ETFs
In a recent disclosure to the U.S. Securities and Exchange Commission (SEC), the State of Wisconsin Investment Board (SWIB), tasked with overseeing the state’s pension system assets, revealed its significant stake in cryptocurrency. The report detailed investments amounting to approximately $164 million in spot Bitcoin ETFs managed by prominent financial institutions, Grayscale and BlackRock. According …
Big Move: Wisconsin Pours $164 Million Into Bitcoin ETFs Read More »
Coinbase Faces System-Wide Outage, Temporarily Shuts Down Website
A recent “system-wide” outage at the United States-based cryptocurrency exchange Coinbase has left its platform inaccessible, affecting users attempting to use the service on both desktop and mobile platforms. The outage was first reported on Coinbase’s official status page, indicating that a “major outage” began at 4:15 am UTC on May 14. Those attempting to …
Coinbase Faces System-Wide Outage, Temporarily Shuts Down Website Read More »
$1.8 Million Settlement Reached Between CFTC and FalconX
The United States Commodity Futures Trading Commission (CFTC) has successfully filed and resolved charges against the cryptocurrency brokerage firm Falcon Labs, which is a subsidiary of FalconX, culminating in a settlement of approximately $1.8 million. This sum comprises both disgorgement and civil penalties. On May 13, the CFTC issued a notice stating that Falcon Labs …
$1.8 Million Settlement Reached Between CFTC and FalconX Read More »
Ripple CEO Claims U.S. Government Targeting Tether
Ripple CEO Brad Garlinghouse expressed concerns in a recent podcast about the U.S. government’s scrutiny of Tether, the issuer of the world’s largest stablecoin by market capitalization. Speaking on the May 10 episode of the World Class podcast, Garlinghouse indicated that it was evident the U.S. authorities are targeting Tether, a move he believes could …
Ripple CEO Claims U.S. Government Targeting Tether Read More »
Runes Protocol Experiences Major Downturn in Activity
Despite consistently earning hundreds of thousands of dollars in daily fees, the Runes protocol has seen a notable decline in engagement, with fees surpassing $1 million only twice in the past 12 days. From its initial surge in trading, there has been a visible downturn, especially significant around May 10, marked by fewer new mints …
Runes Protocol Experiences Major Downturn in Activity Read More »
Decade-Old Bitcoin Whale Wallets Transfer $61 Million in BTC
Over a decade ago, two Bitcoin wallets amassed a total of 1,000 BTC, valued at $134 each at the time. Recently, these wallets have re-emerged from dormancy, transferring nearly all of their contents — now valued at $61 million. The first wallet, addressed “16vRqAJ1wfuFBkVMabKnZHLkeN3uwqjzEa,” moved its 500 Bitcoins on May 12 at 7:10 pm UTC during block 843,131. Shortly thereafter, the second wallet, “1DUJuHGVT4sa1VMGjfF9YdFnFAEw6NgfC5,” followed suit, transferring its …
Decade-Old Bitcoin Whale Wallets Transfer $61 Million in BTC Read More »
BlockFi Announces Partnership with Coinbase for Fund Distribution, Ends Web Platform Operations
BlockFi, the crypto lending firm that declared bankruptcy following the collapse of FTX, is finalizing its operations and has announced the closure of its web platform. In a move to manage the distribution of funds effectively, BlockFi has partnered with Coinbase, ensuring that clients have a means to access and withdraw their funds. According to …
Ripple Enters Multi-Chain DeRec Alliance for Secrets Management
Ripple has expanded its reach in the world of cryptocurrency by becoming one of the newest members of the Decentralized Recovery Alliance (DeRec). This significant move pairs Ripple with notable blockchain organizations such as the Algorand Foundation and Hedera, as well as other industry contributors, to forward the development of a standardized secrets management system. …
Ripple Enters Multi-Chain DeRec Alliance for Secrets Management Read More »
Optimism Introduces Superchain Features for Layer-3 Developers
Optimism, a provider known for enhancing Ethereum’s scalability, is setting its sights higher by encouraging the development of layer-3 applications using its Superchain technology. On May 8, the team at Optimism announced their plan to welcome layer-3 developers to the Superchain, enabling them to utilize the OP Stack for development and benefit from revenue sharing …
Optimism Introduces Superchain Features for Layer-3 Developers Read More »
House Votes to Overturn SEC Guidance on Crypto Banking, SAB 121
The United States House of Representatives recently cast a decisive vote to overturn a contentious directive from the Securities and Exchange Commission (SEC), known as Special Accounting Bulletin (SAB 121). This guidance had effectively restricted banks from holding cryptocurrency assets for their clients. Introduced in March 2022, SAB 121 mandated that banks list clients’ crypto …
House Votes to Overturn SEC Guidance on Crypto Banking, SAB 121 Read More »
After 7 Years, LocalMonero Exchange Shuts Down as Privacy Services Dwindle
After seven years dedicated to serving the Monero community, LocalMonero, a peer-to-peer trading platform for the privacy-focused cryptocurrency Monero (XMR), has announced its immediate closure. This decision comes amid a broader trend of declining support for privacy-centric cryptocurrency services. As of May 7, LocalMonero has ceased accepting new registrations and ad postings for Monero trades. …
After 7 Years, LocalMonero Exchange Shuts Down as Privacy Services Dwindle Read More »
FTX Announces Plans to Fully Compensate Creditors Plus Additional Billions
FTX’s restructuring efforts are set to fully compensate nearly all its creditors, with a significant portion potentially receiving more than their initial claims, amidst ongoing legal proceedings and a recovering cryptocurrency market. Under the new proposal, 98% of FTX’s creditors are slated to receive up to 118% of their allowed claims. The remaining creditors will …
FTX Announces Plans to Fully Compensate Creditors Plus Additional Billions Read More »
ATO Demands Crypto Transaction Data from Crypto Exchanges for 1.2 Million Accounts
In a significant move aimed at enhancing tax compliance, the Australian Taxation Office (ATO) will compel cryptocurrency exchanges to hand over extensive personal and transaction details of approximately 1.2 million traders. This action is part of a broader effort by the regulator to clamp down on tax evasion among cryptocurrency users. Recently, the ATO announced that this data collection initiative, first disclosed in April, is intended …
ATO Demands Crypto Transaction Data from Crypto Exchanges for 1.2 Million Accounts Read More »
SEC Issues Wells Notice to Robinhood’s Crypto Division
The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Robinhood’s cryptocurrency business, signaling potential enforcement action due to alleged violations related to its crypto operations. The notice, which often precedes enforcement activities, was confirmed through a recent court filing and has notably impacted Robinhood’s market position. Robinhood’s share price dipped by …
SEC Issues Wells Notice to Robinhood’s Crypto Division Read More »
Jack Dorsey Steps Down from Bluesky’s Board
After initiating and supporting the decentralized social network Bluesky during his tenure as Twitter’s CEO, Jack Dorsey has now stepped down from its board. This move marks a significant change for the social platform he helped to create. Bluesky, which was envisioned and financed by Dorsey back in 2019, confirmed his departure in a recent post, stating the organization is on …
“Seems Fake” Bitfinex CTO Debunks Database Breach Rumors
Recent claims by the hacking group Fsociety about penetrating the cryptocurrency exchange Bitfinex’s database and leaking 22,500 customer emails and passwords have been questioned by Bitfinex’s chief technology officer, Paolo Ardoino. He suggests the allegations lack credibility, pointing out the absence of a ransom demand which is unusual for genuine data breaches. Ardoino explained on a post dated May 4 on the social platform X that genuine …
“Seems Fake” Bitfinex CTO Debunks Database Breach Rumors Read More »
$12.2 Million Seized as Suspect in ZKasino Scam Arrested by Dutch Police
In a significant crackdown on cryptocurrency fraud, Dutch authorities have apprehended a 26-year-old man in connection with the ZKasino online gambling scam. The arrest was executed by the Fiscal Information and Investigation Service (FIOD) on April 29. The suspect is facing charges of fraud, embezzlement, and money laundering. During the operation, Dutch law enforcement confiscated …
$12.2 Million Seized as Suspect in ZKasino Scam Arrested by Dutch Police Read More »
Jack Dorsey’s Block to Invest 10% of Bitcoin Earnings in BTC Each Month
Jack Dorsey, the co-founder of Block, Inc., recently shared with shareholders that the company will allocate 10% of its Bitcoin-related gross profits each month to purchasing more Bitcoin. This announcement came in a May 2 shareholder letter alongside the company’s impressive first-quarter results. Dorsey noted, “Going forward, each month we will be investing 10% of our gross profit from Bitcoin products into Bitcoin purchases.” He emphasized Block’s early …
Jack Dorsey’s Block to Invest 10% of Bitcoin Earnings in BTC Each Month Read More »
Aave Launches Major V4 Protocol Update and Introduces 2030 Roadmap
Aave Labs has recently introduced a new governance proposal detailing significant updates to its protocol, aiming to transition to a more advanced Version 4. This proposal is part of a broader five-year roadmap for the decentralized finance (DeFi) lending platform. The initiative seeks community input as it moves toward enhancing its network and launching next-generation …
Aave Launches Major V4 Protocol Update and Introduces 2030 Roadmap Read More »
BlackRock Spearheads $47M Funding Round for Securitize
Securitize, a digital securities platform, has successfully raised $47 million in a strategic investment round headed by BlackRock. The funding round also saw participation from notable blockchain developers Aptos Labs and Paxos, as well as the stablecoin issuer Circle. The newly acquired funds are earmarked for product development, global expansion, and enhancing partnerships within the financial services ecosystem, according to a statement from Securitize. Joseph Chalom, …
BlackRock Spearheads $47M Funding Round for Securitize Read More »
New Onboarding Restrictions in Nigeria Aim to Stop Crypto Investors from Evading KYC
The Central Bank of Nigeria (CBN) has issued directives to four prominent Nigerian fintech companies—OPay, Kuda Bank, Moniepoint, and PalmPay—mandating them to halt the onboarding of new customers. This measure comes in the wake of a comprehensive audit of their Know Your Customer (KYC) procedures, aiming to reinforce compliance across both crypto and conventional investment sectors. TechCabal, a leading African technology news outlet, reported that these restrictions were …
New Onboarding Restrictions in Nigeria Aim to Stop Crypto Investors from Evading KYC Read More »
Former Binance CEO Changpeng Zhao Receives Four-Month Prison Sentence
Former Binance CEO Changpeng Zhao, widely known as CZ, has been sentenced to four months in prison following his guilty plea for violating U.S. money laundering laws. Zhao, who had been allowed to travel within the United States on a $175 million bond since his plea in November, faced a potential three-year imprisonment as suggested by prosecutors, but ultimately received a lesser …
Former Binance CEO Changpeng Zhao Receives Four-Month Prison Sentence Read More »
Ripple Expands in Japan: SBI Group Adopts XRPL for Supply Chain Management
Ripple is making significant inroads into the Japanese market through a strategic alliance with HashKey DX, aimed at rolling out XRP Ledger-based (XRPL) blockchain applications for business solutions. SBI Group is setting a precedent as the first Japanese corporation to implement XRPL’s blockchain solutions for supply chains, marking a substantial step in Ripple’s push to expand the use of enterprise blockchain applications in Japan. This …
Ripple Expands in Japan: SBI Group Adopts XRPL for Supply Chain Management Read More »
Samourai Wallet Co-Founder Denies Charges, Granted $1 Million Bond
Keonne Rodriguez, a pivotal figure associated with the cryptocurrency mixer Samourai Wallet, has formally denied charges leveled against him by the United States Justice Department. Charged with money laundering among other offenses, Rodriguez made his plea in a recent court session held on April 29 at the U.S. District Court for the Southern District of New York. Following his plea …
Samourai Wallet Co-Founder Denies Charges, Granted $1 Million Bond Read More »
Solo Bitcoin Miner’s Big Break: Wins 3.125 BTC Block Reward!
A solo Bitcoin miner recently secured a substantial payout of approximately $200,000 by validating block 841,286, earning a reward of 3.125 Bitcoins. This remarkable achievement was made possible by a miner operating independently, which is a rare event in the realm of Bitcoin mining, often likened to winning a lottery due to its rarity. To date, this feat has been …
Solo Bitcoin Miner’s Big Break: Wins 3.125 BTC Block Reward! Read More »
Is a Mega Deal Brewing? Sam Altman’s OpenAI May Partner with Worldcoin
In an emerging development within the tech and cryptocurrency sectors, OpenAI and Tools For Humanity’s Worldcoin are reportedly discussing a potential partnership. Both firms were co-founded by Sam Altman, who currently leads OpenAI, an artificial intelligence powerhouse, and has significant ties to Worldcoin, a company focused on leveraging cryptocurrency for universal basic income and identity verification. According to Bloomberg, the talks center around OpenAI …
Is a Mega Deal Brewing? Sam Altman’s OpenAI May Partner with Worldcoin Read More »
Consensys Sues SEC Over Ether Regulation Issues
Software development company Consensys has initiated a lawsuit against the United States Securities and Exchange Commission (SEC) and its five commissioners. The lawsuit, filed on April 25 in the U.S. District Court for the Northern District of Texas, accuses the SEC of attempting to classify Ethereum (ETH) as a security, a move that marks a significant departure from their previous stance. …
Stripe’s Big Crypto Comeback: USDC Payments Are Back!
After ceasing crypto transactions in 2018 due to high volatility issues with Bitcoin, Stripe has announced its return to the cryptocurrency payment space. This revival, however, is set to begin with a more stable offering: Circle’s USDC stablecoin. The fintech powerhouse plans to support payments on multiple blockchain platforms including Solana, Ethereum, and Polygon. Stripe’s initial foray into crypto began in 2014 …
Stripe’s Big Crypto Comeback: USDC Payments Are Back! Read More »
Morgan Stanley Reportedly Preparing to Let Brokers Offer Bitcoin ETFs
In an exciting development, Morgan Stanley is reportedly planning to enable its 15,000 brokers to recommend bitcoin exchange-traded funds (ETFs) to their customers. This potential change was detailed in a recent report from AdvisorHub. Historically, the bank has permitted the purchase of ETFs, but only if initiated by the customer. This change marks a significant shift, positioning Morgan Stanley as potentially the first major financial institution to actively …
Morgan Stanley Reportedly Preparing to Let Brokers Offer Bitcoin ETFs Read More »
Do Kwon Fights Back: Calls Montenegrin Court Ruling ‘Unfounded and Illegal’
The legal entanglements surrounding Terraform Labs co-founder Do Kwon persist, as his attorneys have lodged an appeal against a ruling by a high court in Montenegro. This ruling would have delegated the decision of Kwon’s potential extradition to the United States or South Korea to the Montenegrin Justice Minister. Reports from Montenegrin media outlet Vijesti on April 23 state that Kwon’s legal team is …
Do Kwon Fights Back: Calls Montenegrin Court Ruling ‘Unfounded and Illegal’ Read More »
US Prosecutors Recommend 36-Month Jail Term for Binance Founder
Binance founder and former CEO, Changpeng Zhao, popularly known as “CZ,” is slated to receive his sentence on April 30, following his guilty plea to charges of money laundering in November 2023. As the sentencing date approaches, US prosecutors have submitted a request for Zhao to be incarcerated for 36 months. This recommendation was made in a recent court filing to the US District Court …
US Prosecutors Recommend 36-Month Jail Term for Binance Founder Read More »
How Mt. Gox’s $9 Billion Overhang Might Pressure Bitcoin Values
In the coming weeks, the cryptocurrency market could experience significant turbulence due to the potential return of over $9 billion worth of Bitcoin originally from the Mt. Gox era. Analysts from K33 Research, Anders Helseth and Vetle Lunde, highlight the possible market repercussions in their recent market note dated April 23. This week, several Mt. Gox creditors reported updates on their claims …
How Mt. Gox’s $9 Billion Overhang Might Pressure Bitcoin Values Read More »
How PayPal Plans to Reward Bitcoin Miners Going Green!
PayPal is stepping up to make Bitcoin mining more sustainable by offering additional incentives for environmentally friendly mining practices. This initiative, led by PayPal’s Blockchain Research Group in partnership with Energy Web and DMG Blockchain Solutions, aims to promote the use of low-carbon energy sources among miners. Outlined in a recent blog post dated April 22, the strategy involves offering “cryptoeconomic incentives” to miners …
How PayPal Plans to Reward Bitcoin Miners Going Green! Read More »
Sam Bankman-Fried to Assist FTX Investors in Pursuing Claims Against Celebrity Endorsers
Sam Bankman-Fried has reached a settlement agreement with a group of FTX customers, who in return have agreed to dismiss their class action lawsuit against him. This agreement hinges on Bankman-Fried’s cooperation in pursuing claims against celebrity endorsers of the now-defunct cryptocurrency exchange. The deal, submitted for approval in a Miami court, proposes to absolve Bankman-Fried of both present and future civil liabilities related to FTX’s downfall. …
Sam Bankman-Fried to Assist FTX Investors in Pursuing Claims Against Celebrity Endorsers Read More »
Bitwise CEO Predicts Surge in Bitcoin ETF Investments by Wealth Managers
Amid a noticeable surge in demand, Hunter Horsley, CEO of Bitwise, has indicated that wealth management firms are poised to escalate their holdings in Bitcoin exchange-traded funds (ETFs). This growth is anticipated to accelerate following the Bitcoin halving event that recently happened. Horsley’s forecast resonates with the broader market sentiment that the allure of ETFs is on the rise, especially after the U.S. Bitcoin …
Bitwise CEO Predicts Surge in Bitcoin ETF Investments by Wealth Managers Read More »
Why Did Bitcoin Users Pay a Whopping $2.4 Million in Fees on Halving Day?
On April 20, 2024, a historic milestone was reached in the world of Bitcoin—the mining of the 840,000th block, known as the halving block, which dramatically slashed the miner rewards from 6.25 BTC to 3.125 BTC per block. This particular block, mined at 12:09 m UTC by Bitcoin miner ViaBTC, turned out to be the most expensive ever due to the record $2.4 million in transaction fees, …
Why Did Bitcoin Users Pay a Whopping $2.4 Million in Fees on Halving Day? Read More »
Is Runes Protocol the Key to Bitcoin’s Success After Halving?
The cryptocurrency community is gearing up for an exciting 2024 with the anticipated Bitcoin halving event. Coinciding with this, the launch of the Runes protocol promises to introduce a new era for Bitcoin, potentially overshadowing the halving itself. A New Chapter for Bitcoin Traditionally seen as a static asset, Bitcoin’s blockchain underwent a significant transformation with the introduction …
Is Runes Protocol the Key to Bitcoin’s Success After Halving? Read More »
Bitcoin Steals the Spotlight: Higher Fees than Ethereum Three Days Running!
As the anticipatedBitcoin halving nears, transaction fees on Bitcoin have overtaken those of Ethereum for three straight days. This shift is seen as miners and traders prepare for the halving event, which will significantly reduce the mining subsidy. On April 17, Bitcoin miners earned a total of $7.47 million in fees, slightly outperforming Ethereum stakers who garnered $7.31 million. The following days also saw Bitcoin maintaining this lead, with miners earning $9.98 million and $5.91 million on …
Bitcoin Steals the Spotlight: Higher Fees than Ethereum Three Days Running! Read More »
Kraken Launches Self-Custody Wallet, Joining Other Centralized Exchanges
Kraken has recently introduced its own self-custody crypto wallet, designed to give users increased control over their digital assets. This move follows a growing trend among centralized exchanges (CEXs) like Binance, OKX, Coinbase, Bitget, and Bybit, which have also launched similar offerings. Kraken’s new wallet allows users, whether they are existing Kraken clients or not, to connect seamlessly with the decentralized financial system. …
Kraken Launches Self-Custody Wallet, Joining Other Centralized Exchanges Read More »
$110 Million Fraud Trial Deliberations Begin for Mango Markets
In a notable legal battle, Avraham “Avi” Eisenberg faces possible imprisonment for up to 20 years if convicted on charges of commodities fraud and manipulation. These charges stem from his alleged involvement in a $110 million exploit of the Mango Markets decentralized exchange in October 2022. As of April 17, the jury at the United …
$110 Million Fraud Trial Deliberations Begin for Mango Markets Read More »
Binance.US Welcomes Former NY Fed Chief to Its Board
United States-based cryptocurrency exchange Binance.US has welcomed a new addition to its board of directors. The former Chief Compliance and Ethics Officer of the Federal Reserve Bank of New York, Martin Grant, joined the company’s leadership team. Grant, who served at the NY Fed from 2005 to 2022 and started his career there in 1990, brings a wealth of …
Binance.US Welcomes Former NY Fed Chief to Its Board Read More »
Will Israel’s CBDC Be a Game Changer? Central Bank Official Thinks So
The Bank of Israel’s Deputy Governor, Andrew Abir, recently expressed support for the potential disruption the digital shekel could bring to commercial banking. In a speech that was released on the central bank’s website, Abir shared his perspective, suggesting that increased competition among banks could benefit the economy. For years, efforts to enhance competition in Israel’s banking sector have yielded positive …
Will Israel’s CBDC Be a Game Changer? Central Bank Official Thinks So Read More »
Will Hong Kong’s Ether, Bitcoin ETFs Miss the $500 Million Mark?
In a recent update, Bloomberg’s senior ETF analyst Eric Balchunas has cautioned crypto investors to moderate their expectations regarding the newly approved spot Bitcoin and Ether ETFs in Hong Kong. On April 15, the Hong Kong Securities and Futures Commission (SFC) granted conditional approvals to three offshore Chinese asset managers, namely Harvest Fund Management, Bosera Asset Management, and China Asset Management, to launch these ETFs. …
Will Hong Kong’s Ether, Bitcoin ETFs Miss the $500 Million Mark? Read More »
‘Stop Using iMessages Now!’ – Trust Wallet Discovers Dangerous Crypto Exploit
Trust Wallet, a well-known crypto wallet provider, is currently advising Apple users to turn off iMessage. They have shared concerning intelligence about a zero-day exploit that poses a serious threat by potentially allowing hackers to seize control of users’ iPhones. The alert, issued on the social platform X at 7:53 PM UTC on April 16, emphasized the severity of this exploit. Trust Wallet detailed that this …
‘Stop Using iMessages Now!’ – Trust Wallet Discovers Dangerous Crypto Exploit Read More »
Coinbase Files for Interlocutory Appeal Concerning SEC’s Key Ruling
In a recent legal filing, cryptocurrency exchange Coinbase has urged a U.S. court to examine a pivotal legal question posed by the U.S. Securities and Exchange Commission (SEC) amidst its ongoing lawsuit. The company insists this legal query is clear-cut and ripe for immediate adjudication. In a document submitted on April 12 to the U.S. District Court for the Southern District …
Coinbase Files for Interlocutory Appeal Concerning SEC’s Key Ruling Read More »
Binance Executive Located in Kenya, Extradition Pending
The Nigerian government is currently working with Interpol and Kenyan authorities to extradite Nadeem Arjarwalla, a Binance executive who was found in Kenya after escaping custody in Nigeria. This operation aims to have Arjarwalla answer charges related to allegations of financial misconduct. Arjarwalla, who initially arrived in Nigeria in February, faced accusations that the cryptocurrency exchange he represented was involved in manipulating the Nigerian naira. Following …
Binance Executive Located in Kenya, Extradition Pending Read More »
Why Craig Wright Suddenly Dropped His Appeal Against Hodlonaut in Norway
Craig Wright has ceased his appeal against Norwegian cryptocurrency enthusiast Hodlonaut, effectively ending a nearly five-year legal dispute. This decision follows closely on the heels of a U.K. court ruling that Wright, who claimed to be the creator of Bitcoin, Satoshi Nakamoto, does not hold this identity. The legal skirmish began when Hodlonaut made several social media posts labeling Wright as a …
Why Craig Wright Suddenly Dropped His Appeal Against Hodlonaut in Norway Read More »
Sam Bankman-Fried Fights Back: Appeals Conviction and Sentence
Sam Bankman-Fried has formally requested an appeal against his recent conviction and subsequent 25-year prison sentence. The appeal was officially filed on April 11 by his legal team in the United States District Court for the Southern District of New York. His attorney, Alexandra Shapiro, announced the intention to challenge the conviction on seven felony counts which were determined by both a …
Sam Bankman-Fried Fights Back: Appeals Conviction and Sentence Read More »
Uniswap Receives Wells Notice from SEC Over DeFi Operations
The U.S. Securities and Exchange Commission (SEC) has delivered a Wells notice to the decentralized exchange platform Uniswap, a move confirmed by the protocol’s legal team on social platforms on April 10. The announcement came directly from Uniswap’s Chief Legal Officer, Marvin Ammori, via a post on X (formerly known as Twitter), marking a notable regulatory development. Ammori expressed disappointment but not …
Uniswap Receives Wells Notice from SEC Over DeFi Operations Read More »
US Faces $9.6 Billion Lawsuit from Ex Ethereum Consultant Over Dropped Extortion Accusations
Steven Nerayoff, previously associated with the Ethereum network as an adviser, is initiating a legal battle against the U.S. government, demanding $9.6 billion for damages related to a 2019 legal challenge that was eventually withdrawn. Nerayoff’s legal representatives claim he was unjustly targeted by the FBI and federal prosecutors with the aim of coercing him into disclosing information about prominent figures within the cryptocurrency industry. Nerayoff has …
Sen. Lummis Foresees Senate Banking Committee’s Crypto Lean After Elections
Cryptocurrency is becoming a pivotal political topic, with upcoming elections set to play a significant role in shaping the future of digital currencies in the United States, emphasized Senator Cynthia Lummis at the Bitcoin Policy Summit in Washington, D.C. She highlighted that advancements in mining technology could bolster arguments in favor of cryptocurrency. Lummis criticized the current administration’s stance on crypto, pointing out that …
Sen. Lummis Foresees Senate Banking Committee’s Crypto Lean After Elections Read More »
US Treasury Proposes Enhanced Measures to Combat Cryptocurrency Crime
In a recent testimony before the Senate Banking Committee, U.S. Deputy Treasury Secretary Adewale Adeyemo emphasized the increasing concern regarding the use of cryptocurrencies in illicit finance, terrorism, and sanctions evasion. Adeyemo highlighted the Treasury Department’s ongoing efforts to enhance enforcement capabilities to effectively counter such threats. He outlined three significant proposals aimed at bolstering the United States’ ability to combat international criminal activities involving …
US Treasury Proposes Enhanced Measures to Combat Cryptocurrency Crime Read More »
1inch Partners with Mastercard and Baanx to Launch Crypto Debit Card
Decentralized finance pioneer 1inch Network has recently introduced a groundbreaking debit card, marking a significant step in the integration of cryptocurrency and traditional financial systems. This innovative card, created through collaborations with industry giants Mastercard and Baanx, is designed to streamline the process of converting cryptocurrencies to fiat currency, thereby facilitating smoother and more efficient transactions for users. The …
1inch Partners with Mastercard and Baanx to Launch Crypto Debit Card Read More »
Binance Rep Detained in Nigeria Proclaims Innocence Over Money Laundering Charges
Tigran Gambaryan, who serves as Binance’s lead for financial crime compliance, along with another executive, was recently detained in Nigeria amid serious accusations. Nigerian authorities arrested Gambaryan and his colleague, Nadeem Anjarwalla, in February, pointing to charges of assisting in the processing of illegally obtained funds amounting to billions of dollars and manipulating the Nigerian naira’s exchange rate. During a recent court …
Binance Rep Detained in Nigeria Proclaims Innocence Over Money Laundering Charges Read More »
South Korean Political Party Promises Access to US Bitcoin ETFs to Garner Votes
In a significant move ahead of the forthcoming parliamentary elections, South Korea’s major political factions are leveraging cryptocurrency-related promises as a strategic approach to win over voters. Both leading and opposition parties have outlined distinct crypto-centric pledges in their campaigns, highlighting the growing importance of digital assets in the nation’s political landscape. A notable proposal from the Democratic Party seeks to ease regulations on exchange-traded funds (ETFs) that hold cryptocurrencies, explicitly including …
South Korean Political Party Promises Access to US Bitcoin ETFs to Garner Votes Read More »
Is Aave Revolutionizing DeFi with New Fee Distribution Plans?
In an evolving landscape of decentralized finance (DeFi), the Aave platform is considering a pivotal adjustment in how it manages fee distributions. This change, known as the “fee switch,” could significantly influence governance’s ability to fine-tune the platform’s fee-related policies, aligning them more closely with Aave’s goals and operational needs. Aave, a trailblazer in the crypto lending domain, primarily operates on …
Is Aave Revolutionizing DeFi with New Fee Distribution Plans? Read More »
Say Hello to Easier Payments: PayPal’s PYUSD Can Now Turn Into USD!
PayPal has announced a significant update for its users across the United States, excluding Hawaii, enabling them to send international remittances by converting the PayPal USD (PYUSD) stablecoin into U.S. dollars. This new feature is facilitated through PayPal’s subsidiary, Xoom, which specializes in cross-border payments. Starting from April 4, PayPal’s integration with Xoom allows users to seamlessly transfer funds …
Say Hello to Easier Payments: PayPal’s PYUSD Can Now Turn Into USD! Read More »
Coinbase Achieves Milestone as Canada’s Largest Licensed Crypto Exchange
Coinbase has marked a significant expansion into the Canadian market, having secured “restricted dealer” registration, a strategic move that commenced last year. This development, officially sanctioned by Canadian regulators, not only enables the U.S.-based exchange to extend its operational footprint but also sets a precedent for its growth in a landscape that remains challenging within its home country. In an environment where Coinbase is …
Coinbase Achieves Milestone as Canada’s Largest Licensed Crypto Exchange Read More »
SEC Seeks Public Feedback on Spot Ether ETF Proposals from Fidelity, Grayscale, and Bitwise
With speculation mounting, the financial community is keenly awaiting the U.S. Securities and Exchange Commission’s (SEC) final verdict on the applications for spot Ether (ETH) Exchange-Traded Funds (ETFs) in May, potentially marking a pivotal moment for VanEck’s filing. The SEC has made a public call for comments on the proposed rule changes that would facilitate the listing and trading of spot Ether ETFs. This …
Coinbase Teams Up with Lightspark for Enhanced Bitcoin Payments
Coinbase is advancing its cryptocurrency payment capabilities by partnering with Lightspark, a company focused on enhancing Bitcoin transactions through the Lightning Network. Lightspark, under the guidance of ex-PayPal president David Marcus, is set to facilitate a shift in transaction processes away from the Bitcoin main layer, which has seen a significant increase in fees over the past year. This collaboration …
Coinbase Teams Up with Lightspark for Enhanced Bitcoin Payments Read More »
Why Goldman Sachs’ Clients Are Giving Crypto the Cold Shoulder: Insights from the CIO
Despite the rising interest in cryptocurrencies and notable participation by other traditional finance giants, Goldman Sachs continues to dismiss the asset class as lacking intrinsic value. This skepticism is embodied by the bank’s unwavering critique of cryptocurrencies, despite the recent surge in their prices and broader acceptance within the financial sector. Goldman Sachs has consistently held a cautious stance on cryptocurrencies, arguing against their valuation and potential as a legitimate …
Why Goldman Sachs’ Clients Are Giving Crypto the Cold Shoulder: Insights from the CIO Read More »
Department of Justice Moves Seized $2 Billion Silk Road Bitcoin to Different Wallet
The recent transfer of approximately $2 billion in Bitcoin, previously confiscated by the U.S. government from James Zhong due to his involvement with the infamous Silk Road marketplace, has generated significant buzz in the cryptocurrency community. This notable transaction involved moving the funds to a new, undisclosed address. On April 2, blockchain data revealed an initial small transaction of 0.001 BTC …
Department of Justice Moves Seized $2 Billion Silk Road Bitcoin to Different Wallet Read More »
Bankman-Fried in Disbelief: How Could My Actions Be Illegal?
In a significant turn of events following his sentencing, Sam “SBF” Bankman-Fried, the ex-CEO of the now-defunct cryptocurrency exchange FTX, communicated with the press, underscoring his lack of awareness regarding the legality of his actions. Bankman-Fried, sentenced to a quarter-century in federal prison, voiced his sentiments through an email from Brooklyn’s Metropolitan Detention Center, where he has been detained since August …
Bankman-Fried in Disbelief: How Could My Actions Be Illegal? Read More »
Binance Establishes Its First-Ever Board of Directors
Binance Holdings, renowned for its cryptocurrency exchange, has recently introduced a seven-member board of directors, blending internal executives with independent figures. The helm of this new board is taken by Gabriel Abed, notable for his role as the former ambassador of Barbados to the United Arab Emirates. Joining him on the board are key figures such as Binance CEO Richard Teng, …
Binance Establishes Its First-Ever Board of Directors Read More »
Growing Crypto Enthusiasm Spurs Web3 Startups to Join Accelerators
Investment in Web3 gaming is on the rise, a trend reflected in the increasing number of startups joining accelerator programs amid a burgeoning crypto bull market. These programs offer vital mentorship and guidance, often exchanging early equity for their services. Notably, Y Combinator in the United States has supported several high-profile crypto firms, including Coinbase and OpenSea. Andreessen Horowitz (a16z) recently unveiled its spring 2024 crypto …
Growing Crypto Enthusiasm Spurs Web3 Startups to Join Accelerators Read More »
Consensys Debunks SEC’s Worries About Ether Spot ETF
Consensys recently responded to the United States Securities and Exchange Commission (SEC)’s concerns regarding the potential risks of fraud and manipulation associated with Ethereum’s proof-of-stake (PoS) system, specifically in relation to spot Ether exchange-traded funds (ETFs). In their communication, the blockchain technology and Web3 software firm, known for developing the popular MetaMask wallet, addressed these concerns as unfounded. They argued that Ethereum’s PoS system …
Consensys Debunks SEC’s Worries About Ether Spot ETF Read More »
Why Did OKX’s Compliance Boss Bail After Only Six Months?
Patrick Donegan, who oversaw a global team of 300 according to his LinkedIn profile, concluded his tenure as the global chief compliance officer at OKX from August 2023 to January 2024. In January, after a brief six-month period, Patrick Donegan stepped down from his position as OKX’s global chief compliance officer. His role encompassed significant responsibilities, including spearheading anti-money laundering efforts within the organization. …
Why Did OKX’s Compliance Boss Bail After Only Six Months? Read More »
Sam Bankman-Fried Receives 25-Year Prison Sentence
Former FTX CEO Sam Bankman-Fried, also known as “SBF,” has been sentenced to a quarter-century of incarceration after a federal court hearing. On March 28, United States District Court for the Southern District of New York Judge Lewis Kaplan handed down a sentence of 240 months plus an additional 60 months, culminating in a 25-year prison term for SBF. This sentencing …
Sam Bankman-Fried Receives 25-Year Prison Sentence Read More »
Breaking: Apple Triumphs in Major Legal Battle Over Money App Charges
In a significant legal decision, U.S. District Judge Vince Chhabria ruled in favor of Apple, dismissing an antitrust lawsuit that had been initiated by customers of Venmo and Cash App. These customers had accused Apple of engaging in anti-competitive practices through its Apple Cash service. The lawsuit, which was filed on November 17, 2023, in San Jose, targeted Apple’s alleged monopolistic behavior related to the Apple iOS App …
Breaking: Apple Triumphs in Major Legal Battle Over Money App Charges Read More »
KuCoin to Distribute $10M Worth of BTC and KCS as Oversight Intensifies
The cryptocurrency platform KuCoin is ramping up its offerings to dedicated users amidst emerging legal troubles, showcasing resilience and gratitude in the face of adversity. KuCoin has announced a generous airdrop event, pledging Bitcoin (BTC) and its proprietary KuCoin (KCS) tokens totaling $10 million in value. This move, revealed through a heartfelt message from CEO Johnny Lyu on the company’s blog, arrives on the heels of …
KuCoin to Distribute $10M Worth of BTC and KCS as Oversight Intensifies Read More »
Big Move: Coinbase Transitions USDC Funds to Base – What It Means for You
Coinbase, the renowned cryptocurrency exchange, has announced plans to transition a significant portion of its USD Coin (USDC) holdings, including those owned by both the company and its customers, to Base, its proprietary Ethereum layer-2 blockchain, which was unveiled just over seven months ago. This strategic move aims to harness the benefits of on-chain financial systems, as highlighted by David …
Big Move: Coinbase Transitions USDC Funds to Base – What It Means for You Read More »
Get Ready: Hashdex’s Bitcoin ETF Hits the US Market This Wednesday!
Hashdex is poised to become the eleventh contender in the highly competitive U.S. spot Bitcoin ETF arena, a field currently led by giants BlackRock and Fidelity. After transforming its futures ETF into a vehicle for holding spot Bitcoin, asset manager Hashdex is set to make its mark in the United States’ spot Bitcoin exchange-traded fund (ETF) landscape. The firm announced on March 26 that it had …
Get Ready: Hashdex’s Bitcoin ETF Hits the US Market This Wednesday! Read More »
Binance Faces Potential Challenges in Nigeria
In late February, alarming news surfaced from Nigeria, indicating a stark confrontation with Binance, the world’s preeminent cryptocurrency exchange. The Nigerian government signaled suspicions of illicit financial flows through Binance, estimating a staggering $26 billion had been clandestinely transferred out of the country in 2023. This revelation, made by the governor of the country’s central bank, underscored concerns over lost tax …
Ripple Under SEC Pressure for Potential $2 Billion Fines, CEO Garlinghouse Discloses
The recent court filings in New York reveal the SEC’s push for a $2 billion judgment against Ripple Labs, stirring the crypto community. According to Ripple’s CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty, this move marks a significant escalation in the ongoing legal confrontation between the SEC and Ripple, which initiated in December 2020 over alleged federal securities law violations related to XRP sales. This lawsuit had previously led to …
Ripple Under SEC Pressure for Potential $2 Billion Fines, CEO Garlinghouse Discloses Read More »
Alert for XRP Ledger Users: RippleX Sheds Light on AMM Pool Issue
RippleX, Ripple’s developmental wing, has recently illuminated a persistent technical snafu within the XRP Ledger, specifically impacting its Automated Market Maker (AMM) pools. This glitch is causing disturbances in transactions and the operation of these pools, leading RippleX to issue a cautionary statement regarding the depositing of funds into the troubled pools. In a communication shared on the X social …
Alert for XRP Ledger Users: RippleX Sheds Light on AMM Pool Issue Read More »
Clarifying Misconceptions: EU Not Prohibiting Anonymous Crypto Wallets
Patrick Hansen has recently clarified the real implications of the European Union’s Anti-Money Laundering Regulation (AMLR), addressing widespread misconceptions about its impact on anonymous crypto wallets and transactions. Through an extensive explanation on the X social media platform, Hansen sheds light on the true nature and scope of the AMLR, highlighting its role not as a direct attack on …
Clarifying Misconceptions: EU Not Prohibiting Anonymous Crypto Wallets Read More »
Kyle Davies Does It Again: 3AC’s Creditors Left in the Cold
Kyle Davies, the co-founder of the now-defunct Singaporean hedge fund Three Arrows Capital (3AC), has openly dismissed any personal accountability for the firm’s downfall. In a revealing conversation on the March 19 episode of the Unchained Podcast, Davies expressed his indifference towards the bankruptcy of 3AC, despite the firm grappling with claims from creditors totaling $3.3 billion: “Am …
Kyle Davies Does It Again: 3AC’s Creditors Left in the Cold Read More »
Will Do Kwon Make It Back to South Korea? Top Prosecutor Throws a Wrench in Plans
The extradition of Terraform Labs co-founder Do Kwon to South Korea has encountered a significant legal roadblock, following a challenge from Montenegro’s highest legal authority. The Supreme State Prosecutor of Montenegro has disputed the High Court’s decision to favor South Korea over the United States for Kwon’s extradition, suggesting the court may have overstepped its jurisdiction. Do Kwon found himself …
Will Do Kwon Make It Back to South Korea? Top Prosecutor Throws a Wrench in Plans Read More »
Bitcoin to Soar? CryptoQuant Says Best Days Ahead Thanks to Halving
In the last two days, Bitcoin’s price saw a 13% fall from its record high of $73,835, dipping to near $60,000. This drop is attributed to market overheat, described as a “pre-halving retrace,” with the anticipated Bitcoin halving event just around the corner, roughly 30 days out. Despite the recent downturn, a study by an …
Bitcoin to Soar? CryptoQuant Says Best Days Ahead Thanks to Halving Read More »
From Riches to Rags: FTX’s Last 105 Bitcoins Uncovered According to John Ray
In a striking rebuke of Sam Bankman-Fried’s assertion that the downfall of FTX didn’t financially harm its users, current CEO John J. Ray III has laid bare the grim realities surrounding the cryptocurrency exchange’s collapse. John Ray, stepping into the chaos left by Bankman-Fried, has underscored the monumental task of navigating through the aftermath of …
From Riches to Rags: FTX’s Last 105 Bitcoins Uncovered According to John Ray Read More »
Blockchain Revolution: Sygnum Transforms $50M of Fidelity’s Fund into Digital Gold!
Matter Labs, the team behind zkSync, has announced a strategic shift of its treasury reserves to the blockchain, marking a significant step towards its vision for the future. This initiative was highlighted by the tokenization of $50 million worth of Fidelity International’s money-market fund assets by Sygnum Bank, leveraging the zkSync platform. This venture into …
Blockchain Revolution: Sygnum Transforms $50M of Fidelity’s Fund into Digital Gold! Read More »
Immutable, Polygon Unleash $100M: Pixelmon and Friends to Soar
Immutable and Polygon have joined forces to establish a groundbreaking $100 million fund dedicated to supporting blockchain gaming initiatives, inaugurating this venture with an initial batch of seven games developed on their platforms. Titled the “Inevitable Games Fund” (IGF), this financial powerhouse was brought to life with the help of venture capital heavyweight King River …
Immutable, Polygon Unleash $100M: Pixelmon and Friends to Soar Read More »
The Victims Speak: Emotional Pleas From FTX Users Flood Judge’s Desk Before Big Sentencing
The downfall of FTX in 2022 left its creditors grappling with lost financial stability, an emotional burden, and a deep-seated distrust in the financial ecosystem. This sentiment was echoed in numerous victim statements prepared for Sam Bankman-Fried’s legal proceedings, as disclosed by the Department of Justice. The statements, sourced from a global pool of affected …
Seller’s Remorse Sparks Legal Feud: FTX’s Attestor vs. Creditor Showdown
In a legal confrontation emerging from the cryptocurrency world, Attestor Capital, a significant London-based investment firm holding bankruptcy claims against the former crypto exchange FTX, has initiated legal proceedings. The lawsuit is aimed at a creditor, identified as Lemma Technologies, for reneging on an agreement to sell Attestor two FTX accounts, a deal that soured …
Seller’s Remorse Sparks Legal Feud: FTX’s Attestor vs. Creditor Showdown Read More »
2M Transactions in a Day? Base’s Dencun Upgrade is a Game Changer!
Following the remarkable Dencun upgrade, the Coinbase Ethereum layer-2 network, Base, experienced a staggering 350% increase in daily transactions, catapulting the figure to a historic 2 million on March 16. This surge is primarily attributed to a significant decrease in transaction fees, which plummeted by over 60% post-upgrade. In detail, Base’s transaction volume saw a …
2M Transactions in a Day? Base’s Dencun Upgrade is a Game Changer! Read More »
Marathon Makes a Power Move: Snags a 200MW Bitcoin Miner for $87.3M from Applied Digital
Marathon Digital Holdings is making significant strides in the Bitcoin mining industry with a bold acquisition that marks a major power play in the sector. On March 15, Marathon Digital unveiled its plans to acquire a 200-megawatt (MW) Bitcoin mining facility in Texas from Applied Digital for a striking sum of $87.3 million. The payment …
Marathon Makes a Power Move: Snags a 200MW Bitcoin Miner for $87.3M from Applied Digital Read More »
Shocking $300M Crypto Scam Hits Latino Investors: SEC Unmasks the Truth!
The U.S. Securities and Exchange Commission (SEC) has taken legal action against 17 individuals associated with a fraudulent operation that duped over 40,000 people out of $300 million. This group specifically preyed upon the Latino community across 10 states in the U.S. and in two additional countries, misleading investors with promises of crypto and other asset investments that never materialized. Of the 17 accused, two have …
Shocking $300M Crypto Scam Hits Latino Investors: SEC Unmasks the Truth! Read More »
$12 Million Crypto Heist: How Lazarus Group Sidesteps Sanctions with Tornado Cash
Despite facing international sanctions, North Korea’s notorious Lazarus Group has ingeniously navigated the complexities of the crypto world to launder a staggering $12 million. This sum, derived from illicit activities, found its way through the murky waters of Tornado Cash, a crypto mixer that has itself been in the eye of regulatory storms. The journey of these ill-gotten gains …
$12 Million Crypto Heist: How Lazarus Group Sidesteps Sanctions with Tornado Cash Read More »
Crypto Licensing Rush in South Africa: Exchanges Line Up for Approval!
In a landmark move for the African continent, South Africa has started to officially license cryptocurrency exchanges, signaling a significant step towards regulatory clarity and investor protection within the burgeoning crypto market. As the November 30, 2023, deadline drew near, a flood of applications was submitted, highlighting the industry’s eagerness for formal recognition and oversight. …
Crypto Licensing Rush in South Africa: Exchanges Line Up for Approval! Read More »
Guess Who’s Buying $500M More Bitcoin? MicroStrategy’s Massive Bitcoin Play!
Just after concluding an $800 million capital initiative, MicroStrategy is setting the stage for another significant investment, aiming to gather $500 million through a new debt offering. This fund will further fuel its Bitcoin acquisition strategy, highlighting the firm’s unwavering commitment to the cryptocurrency. MicroStrategy, now positioning itself as a pioneer in Bitcoin development, announced …
Guess Who’s Buying $500M More Bitcoin? MicroStrategy’s Massive Bitcoin Play! Read More »
No Go for Bitcoin ETF: First Trust-SkyBridge Gets Red Light from SEC
First Trust Advisors and SkyBridge Capital, a hedge fund led by Anthony Scaramucci, who previously served as White House Communications Director, faced a setback in their cryptocurrency ambitions. The Securities and Exchange Commission (SEC) has mandated that their application for a Bitcoin ETF be classified as abandoned. This decision came after the SEC pointed out …
No Go for Bitcoin ETF: First Trust-SkyBridge Gets Red Light from SEC Read More »
NFT Drama: US Report Uncovers IP Chaos, Says “Keep the Laws!”
The joint efforts of the U.S. Patent and Trademark Office and Copyright Office have revealed that the current framework of intellectual property (IP) laws is sufficient to address the challenges presented by the rising trend of non-fungible tokens (NFTs), despite the frequent occurrence of piracy and IP infringements within NFT marketplaces. A detailed study carried …
NFT Drama: US Report Uncovers IP Chaos, Says “Keep the Laws!” Read More »
El Salvador Hits the Jackpot with Bitcoin: $85 Million Profit and Counting!
El Salvador’s foray into Bitcoin has transformed its national treasury, with its cryptocurrency holdings now valued at over $200 million. This surge in value comes as the nation continues to embrace Bitcoin through various government-led initiatives. Under the guidance of President Nayib Bukele, El Salvador’s strategic investments in Bitcoin have yielded significant returns. With the …
El Salvador Hits the Jackpot with Bitcoin: $85 Million Profit and Counting! Read More »
XRP Skyrockets! The Secret Binance Moves Behind the 20% Surge Revealed
In a fascinating twist in the crypto world, Ripple (XRP) surged by over 20% on Monday, breaking its downward trend against Bitcoin (BTC) as the crypto rally widened its embrace. XRP’s value leaped to $0.74 within just an hour on Monday afternoon UTC, marking its highest point since a fleeting surge last November, fueled by …
XRP Skyrockets! The Secret Binance Moves Behind the 20% Surge Revealed Read More »
The Bitcoin Halving Effect: Why This Time It’s Revolutionary
The upcoming Bitcoin halving event is stirring the crypto market with an intriguing twist, as the reduction in Bitcoin’s new supply is expected to intersect with burgeoning demand from spot Bitcoin Exchange-Traded Fund (ETF) issuers. According to a noted mining analyst, this dynamic is poised to initiate a “continuous, yet volatile upward grind” in Bitcoin’s …
The Bitcoin Halving Effect: Why This Time It’s Revolutionary Read More »
Binance Says Goodbye to Nigeria: Panic and Promise in the Crypto World
In the wake of Binance’s departure from Nigeria, the local cryptocurrency community is facing a dual reality of challenges and potential growth. Nathaniel Luz, a key figure in Nigeria’s crypto sphere, anticipates the emergence of new trading platforms eager to occupy the space left by Binance. These nascent exchanges aim to comply with Nigerian regulations, …
Binance Says Goodbye to Nigeria: Panic and Promise in the Crypto World Read More »
Pro-Bitcoin Senator Proposes Stablecoin Regulation
Pro-Bitcoin senator Cynthia Lummis is actively working on legislation to regulate stablecoins, following her previous criticism of Tether, the prominent stablecoin issuer. In collaboration with Senator Kirsten Gillibrand, Lummis seeks to bring clarity and protection to the stablecoin market, as reported by Axios on March 7. This bipartisan effort has garnered input from key financial and regulatory …
Pro-Bitcoin Senator Proposes Stablecoin Regulation Read More »
Hong Kong’s New Project Ensemble Aims to Bolster Tokenization Using wCBDC
The Hong Kong Monetary Authority (HKMA) is set to initiate Project Ensemble, a venture designed to explore the development of a new wholesale central bank digital currency (wCBDC) aimed at facilitating tokenization. This endeavor signals a potential leap towards the issuance of an operational CBDC, contingent on market interest. Project Ensemble’s primary mission involves crafting an innovative …
Hong Kong’s New Project Ensemble Aims to Bolster Tokenization Using wCBDC Read More »
Uniswap (UNI) Achieves 24-Month Peak Before Fee Proposal Deadline
The enthusiasm for a proposal to share fees among Uniswap users seems to be fueling a significant rally for UNI, pushing it to a two-year high. With a 46% increase, the governance token for the Uniswap decentralized exchange has reached over $17, a figure last observed in January 2022. This surge comes alongside a dramatic …
Uniswap (UNI) Achieves 24-Month Peak Before Fee Proposal Deadline Read More »
CFTC vs. SEC: Prometheum’s ETH Strategy Sparks Debate
The Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam has highlighted potential regulatory discord following a move by Prometheum, a broker-dealer registered with the Securities and Exchange Commission (SEC), which may prompt the SEC to determine whether Ethereum (Ether) should be classified as a security. This situation arises from Prometheum’s recent initiative to offer Ether …
CFTC vs. SEC: Prometheum’s ETH Strategy Sparks Debate Read More »
Ignoring the Crash: Bitcoin Soars to $67K Amidst Market Optimism
Bitcoin swiftly overturned its brief dip under $60,000 as the latest figures reveal traders’ eagerness for a renewed venture into BTC price exploration. The cryptocurrency is swiftly bouncing back from a notable $10,000 drop in its value, as ongoing volatility places immense pressure on traders. The resurgence saw Bitcoin reclaim more than half of its …
Ignoring the Crash: Bitcoin Soars to $67K Amidst Market Optimism Read More »
Record Trading Volumes for Spot Bitcoin ETFs as BTC Peaks
On March 5, U.S.-based spot Bitcoin ETFs experienced a remarkable trading volume of $10 billion, surpassing the previous week’s record of $7.7 billion. This surge occurred as Bitcoin reached a new all-time high, only to fall by about 12% within the following five hours. Bloomberg ETF analyst Eric Balchunas highlighted the extraordinary performance of these …
Record Trading Volumes for Spot Bitcoin ETFs as BTC Peaks Read More »
Grayscale Witnesses 33% Fall in Bitcoin Holdings of GBTC Post-Conversion
Grayscale, the world’s premier crypto asset manager, has experienced a significant reduction in its Bitcoin holdings within the GBTC fund, witnessing a 33% decrease since its transition to an ETF format. Initially, Grayscale’s GBTC fund boasted approximately 620,000 BTC, a figure that has since diminished to about 420,680 BTC. This shift marks a substantial $9.26 …
Grayscale Witnesses 33% Fall in Bitcoin Holdings of GBTC Post-Conversion Read More »
SEC Delays Decision on BlackRock and Fidelity’s Ethereum ETFs
The U.S. Securities and Exchange Commission (SEC) has once again postponed its verdict on the proposed spot Ethereum ETFs by financial giants BlackRock and Fidelity, despite expectations pinning May as the critical month for a decision. This delay follows an initial postponement in January, coming after the SEC green-lit several spot Bitcoin ETFs. The SEC …
SEC Delays Decision on BlackRock and Fidelity’s Ethereum ETFs Read More »
Michael Saylor Predicts Bitcoin Boom Driven by AI and ETFs
Institutions are vying to secure as much Bitcoin as possible by the end of 2034, with Michael Saylor highlighting that nearly all Bitcoin will be mined by then, setting the stage for a scarcity-driven demand. At the Bitcoin Atlantis conference, Saylor depicted the launch of spot Bitcoin ETFs as the beginning of a decade-long institutional …
Michael Saylor Predicts Bitcoin Boom Driven by AI and ETFs Read More »
Bitcoin NFTs Surge Past Ethereum in Weekly Sales
Bitcoin NFTs have recently achieved a record-breaking daily sales volume year-to-date, surpassing Ethereum in weekly sales. This surge is attributed to a significant increase in sales of Bitcoin Ordinals-based NFT collections, particularly led by NodeMonkes. In the past week alone, Bitcoin NFT sales soared by 80% to reach $168.5 million, with Bitcoin Ordinals-based collections dominating …
Bitcoin NFTs Surge Past Ethereum in Weekly Sales Read More »
Check Efe out on socials