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
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 »
