Union groups have taken legal action against the United States Treasury, accusing it of unlawfully granting Elon Musk’s Department of Government Efficiency (D.O.G.E) access to sensitive financial and personal information. The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), the nation’s largest union organization, filed a lawsuit in a Washington, DC, federal court...Read More
Tether’s CEO, Paolo Ardoino, has unveiled plans for the company’s upcoming artificial intelligence (AI) platform. The stablecoin issuer is targeting a launch by the end of March 2025. Tether’s AI Push The latest initiative – known as Tether Data – will introduce applications such as AI Translate, AI Voice Assistant, and an AI Bitcoin Wallet...Read More
Amid ongoing market uncertainty, Shiba Inu (SHIB), the popular and second-largest crypto meme coin, has gained attention from crypto enthusiasts and made a big move. Today, February 6, 2024, blockchain-based transaction tracker Whale Alert posted on X (formerly Twitter) that a crypto whale transferred 1.239 trillion SHIB tokens, worth $20.136 million, from the Kraken cryptocurrency...Read More
Bitdeer has made a step toward becoming a fully integrated Bitcoin mining company with a recent $21 million land acquisition in Canada. The company revealed on Tuesday that it has obtained a fully licensed power project on a 19-acre site near Fox Creek, Alberta, from Kiwetinohk Energy. Costs and Deadline Expectations According to a press...Read More
Empower Oversight has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) to obtain the final report on the agency’s decision-making regarding crypto-related issues. The SEC Office of Inspector General (SEC OIG) completed the report over a year ago, but the agency has not yet disclosed it or provided the related documents despite...Read More
Robinhood Derivatives announced that the Commodity Futures Trading Commission (CFTC) has requested it “not permit customers to access” sports event contracts. In response, Robinhood is suspending the rollout of its Pro Football Championship market, which had been introduced to approximately 1% of its users. CFTC Blocks Robinhood’s Sports Betting According to the official press release,...Read More
Arbitrum, a layer-2 scaling solution for Ethereum, recently unveiled the integration of its flagship Arbitrum One into Bitcoin. The merger became possible thanks to BitcoinOS (BOS) – a scalable smart contract operating system designed to enhance Bitcoin’s functionality by enabling developers to build interoperable rollups, dApps, and DAOs directly on the Bitcoin network. The Breakthrough Integration...Read More
Lawmakers in the U.S. Senate have introduced a bipartisan bill they hope will create a clear regulatory framework for stablecoins. The legislation seeks to establish straightforward licensing standards, ensure consumer protection, and support financial innovation in crypto. Establishing a Regulatory Framework Known as the GENIUS Act, short for the Guiding and Establishing National Innovation for...Read More
In a major upgrade to its ecosystem, Injective Labs has announced the release of Injective Hub V2. The latest release aims to improve user experience and streamline interactions within the Injective blockchain. It also introduces a redesigned interface, improved navigation, and a suite of new features intended to simplify user engagement with the network. According...Read More
Over the past two months, Coinbase users have reported a surge in account restrictions, which appear linked to the company’s aggressive risk models and an ongoing wave of social engineering scams. ZachXBT believes that the blame for the losses lies with Coinbase’s leadership, failing to report theft addresses, offer responsive support, and react swiftly to...Read More
MetaMask has introduced a new feature that allows people to use a selection of tokens to pay gas fees when using MetaMask Swap for smart transactions. Dubbed Gas Station, the innovation addresses a common issue faced by Ethereum users: transactions failing due to insufficient gas fees. Details of the New Update The crypto wallet provider...Read More
[PRESS RELEASE – Abu Dhabi, United Arab Emirates, February 5th, 2025] Immerso, an Eros Innovation company- home to Eros Media and Eros Now, and a global leader in AI innovation and intellectual property (IP), has joined forces with Everdome, pioneers in creating interactive metaverse experiences, to revolutionize digital entertainment. The partnership combines Immerso’s exceptional IP...Read More
The SEC is scaling back its special unit of more than 50 lawyers and staff members that were responsible for bringing crypto enforcement actions, according to a Feb. 4 New York Times report citing people with knowledge of the matter. Some of the lawyers in the crypto enforcement unit are being assigned to other departments...Read More
On Feb. 5, Ripple chief technology officer David Schwartz reported that the network is now recovering before adding, “We don’t know exactly what caused the issue yet.” The XRP Ledger (XRPL) experienced a rare one-hour outage late on Feb 4 when block production stopped at ledger height 93927173. However, the network recovered on its own...Read More
