Elon Musk Praises Bitcoin’s Energy-Backed Economic Model.
Elon Musk has sparked discussion in the crypto space by praising Bitcoin’s energy-backed value, linking it to the context of a new global AI arms race. In response to an…
Coinbase Confirms BNB Token Listing Amid Fee.
Coinbase, one of the leading cryptocurrency exchanges, has announced that it plans to list BNB, the native token of Binance’s ecosystem on its platform. The exchange confirmed that trading will…
Paxos Accidentally Mints $300 Trillion PYUSD.
Stablecoin issuer Paxos briefly sent shockwaves through the crypto world on Wednesday after it accidentally minted $300 trillion worth of PayPal USD (PYUSD) on the Ethereum blockchain. According to on-chain…
MIT Brothers on Trial for $25M Crypto Theft Case.
Two brothers from the Massachusetts Institute of Technology are standing trial in Manhattan federal court this week, accused of pulling off a $25 million cryptocurrency theft. According to a report…
US Files Largest Crypto Forfeiture Action: $15B in Bitcoin.
The Department of Justice (DOJ) today announced a civil forfeiture action against Chen Zhi, the founder and chairman of the Prince Holding Group, for approximately $15 billion in Bitcoin, currently…
SBF Claims Biden Administration Targeted Him Over GOP Donations.
Sam Bankman-Fried, or SBF, the convicted founder of the fallen crypto exchange FTX, has claimed the Biden administration targeted him as he shifted his political donations to the Republican Party,…
Binance Faces Record $21.75B Outflow Amid Market Chaos.
Binance, the world’s largest exchange by asset value, is facing a record $21.75 billion outflow over the past seven days. This sudden drop in exchange balance came after the U.S.…
US Government Moves $75M in Bitcoin, Sparks Speculation
The U.S. government has transferred $75 million worth of Bitcoin (BTC) to a new wallet. The transaction involved 667.6 BTC sent to an address having no history of activity. Even…
Kenya Pushes Crypto Bill to Final Step, Awaits President Ruto’s Signature.
Kenya’s parliament approved a crypto regulation bill awaiting President Ruto’s signature to become law. The Central Bank will license stablecoin issuers, while the Capital Markets Authority will regulate exchanges. The…
California Signs Bill to Protect Unclaimed Crypto from Liquidation.
California Governor Gavin Newsom signed Senate Bill No. 822, making it the first U.S. state to protect unclaimed crypto from being automatically sold off. The new law ensures that digital…