Category: Uncategorized

Saylor: U.S. Should Buy 20% of Bitcoin Supply

Strategy co-founder Michael Saylor has suggested that the United States could acquire 20% of Bitcoin’s supply “for free”, claiming that owning 4 to 6 million BTC would be enough to eliminate the national debt. Speaking at the annual CPAC conference, Saylor argued that a federal Bitcoin reserve would strengthen the U.S. dollar while preventing rival […]

SEC Drops Lawsuit Against Coinbase

After 18 months of litigation, the U.S. Securities and Exchange Commission (SEC) has agreed to fully dismiss its lawsuit against Coinbase Global Inc. (NASDAQ: COIN) next week. On Friday, Coinbase CEO Brian Armstrong confirmed that the SEC staff had agreed in principle to drop the case, which began in June 2023, with zero fines and […]

Bybit Suffers $1.44B Ethereum Hack Amid Cold Wallet Breach

Cryptocurrency exchange Bybit has confirmed a major security breach, involving its Ethereum (ETH) cold wallet, in an incident that could significantly impact Ethereum’s price action. In a recent post on X (formerly Twitter), Bybit revealed that a “sophisticated attack” occurred during a transfer from its ETH multisig cold wallet to a warm wallet, allowing the […]

Grayscale XRP ETF Filing Advances to SEC Review

Grayscale’s proposed XRP exchange-traded fund (ETF) has officially entered the U.S. Securities and Exchange Commission’s (SEC) Federal Register, moving it one step closer to approval. The Thursday publication has triggered a 21-day public comment period, during which the SEC will evaluate the proposal. The regulator is expected to approve, deny, or extend the review process […]

SEC Unveils New Unit to Tackle Crypto and AI Fraud

The U.S. Securities and Exchange Commission (SEC) has launched the Cyber and Emerging Technologies Unit (CETU), a new division focused on combating fraud in cryptocurrency, artificial intelligence, and other digital technologies. CETU replaces the Crypto Assets and Cyber Unit, becoming the agency’s primary digital asset anti-fraud team. The unit will be led by Laura D’Allaird […]

Pig Butchering Crypto Scam

British police have arrested and charged two men in connection with a Pig Butchering Crypto Scam, targeting a 75-year-old pensioner from Aberdeenshire. The victim lost a six-figure sum in July 2024, triggering an investigation by Police Scotland. Officers from the North East division traveled to England and worked with West Midlands and South Yorkshire Police. […]

Pump.fun Co-Founder Condemns LIBRA Meme Coin Scandal

Alon Cohen, co-founder of meme coin creation platform Pump.fun, has spoken out against the controversy surrounding the LIBRA token, calling for reforms in the crypto space. 📌 LIBRA’s price surged after Argentine President Javier Milei’s now-deleted post, only to crash 94% as insiders allegedly cashed out with over $100 million. 📌 Hayden Davis, a key […]

Russia Loses $14.2M to Illegal Crypto Mining in 2024

Russian power grid company Rosseti Group reported that illegal cryptocurrency mining operations have caused over 1.3 billion rubles ($14.2 million) in damages across the country’s power grids in 2024. According to a report from state-owned news agency TASS, the largest losses were recorded in the North Caucasus grid, totaling over 600 million rubles. The Novosibirsk […]