Hut 8 Corp. has launched American Bitcoin Corp, a majority-owned subsidiary designed to focus on industrial-scale Bitcoin mining and reserve development. This move follows the crypto mining company’s strategic decision to contribute nearly all of its ASIC miners to American Data Centers, Inc. in return for a majority stake in the company. The company, initially...Read More
This weekend, FTX revealed its plan to begin paying major creditors in 2025, with $11.4 billion in assets. Meanwhile, former BitMEX CEO Arthur Hayes, along with his co-founders, received pardons from President Trump after a lengthy legal battle over regulatory violations. Crypto news that flew under the radar. FTX to Begin Paying Major Creditors in...Read More
Bitcoin has had a wild ride this year. However, Bitwise Chief Investment Officer Matt Hougan sees a major shift in its trajectory. In fact, the exec believes that this is the “best time in history” to buy Bitcoin on a risk-adjusted basis. Bitcoin’s Historic Risks Are Gone In his latest blog post, Hougan reflected on...Read More
Crypto.com is facing mounting backlash from the cryptocurrency community after a controversial decision to reissue 70 billion Cronos (CRO) tokens that were previously burned in 2021. On March 25, prominent blockchain investigator ZachXBT took to X, accusing the exchange of essentially betraying its community by resurrecting the tokens, which represented 70% of the total supply....Read More
U.S. President Donald Trump’s media company, Trump Media and Technology Group (TMTG), has announced a partnership with Crypto.com to launch a suite of exchange-traded funds (ETFs) and exchange-traded products (ETPs). The planned financial products will feature Bitcoin (BTC), Crypto.com’s native Cronos (CRO) token, and other digital assets alongside U.S.-focused securities. Inside the ETF Plans In...Read More
In a last-minute move before Republicans took control of the US Securities and Exchange Commission (SEC) in January, the agency’s commissioners held a decisive vote on whether to sue Tesla CEO Elon Musk over his delayed disclosure of stock purchases in Twitter, now X. The investigation, which had been ongoing since 2022, focused on Musk’s...Read More
Cardano (ADA) is experiencing declining momentum amid a broader market downturn. Over the past month, the crypto asset has shed nearly 12% and is currently hovering around $0.70. Recent on-chain data reveals that whales offloaded more than 100 million ADA tokens last week, which further contributed to increased selling pressure and uncertainty over the asset’s...Read More
American President Donald Trump made numerous pro-crypto promises during his campaign last year. One of those included establishing a strategic Bitcoin reserve. Earlier this month, he kept his word and signed an executive order to create such an initiative. He also ordered the formation of a Digital Asset Stockpile. The strategic Bitcoin reserve is designed...Read More
American President Donald Trump made numerous pro-crypto promises during his campaign last year. One of those included establishing a strategic Bitcoin reserve. Earlier this month, he kept his word and signed an executive order to create such an initiative. He also ordered the formation of a Digital Asset Stockpile. The strategic Bitcoin reserve is designed...Read More
The Rhodes Scholar and liberal media commentator said in a segment that aired Thursday, March 6, that cryptocurrency is a scam. She also slammed the White House for “playing this game.” MSNBC Host Rachel Maddow calls Trump’s Strategic Bitcoin Reserve a ‘deeply old-fashioned simple scam.’ She draws a striking comparison between crypto and Beanie Babies,...Read More
In a strong rebuke of President Donald Trump’s latest financial policy, Democratic Representative Gerald E. Connolly has called on the US Treasury Department to immediately halt efforts to establish a strategic cryptocurrency reserve. Connolly, who serves as the Ranking Member of the House Oversight and Government Reform Committee, raised concerns over what he described as...Read More
Changpeng “CZ” Zhao has denied claims that representatives of President Donald Trump’s family were involved in discussions to acquire a financial stake in Binance.US. This was after the Wall Street Journal (WSJ) published a report suggesting such talks had taken place. Details From The Statement Following the report’s release, Zhao addressed the claims in a...Read More
High-risk assets such as tech stocks and crypto have been selling off heavily over the past month or so as Donald Trump’s trade war escalates. However, this could all be part of a “short term pain” masterplan in a strategy that aims to lower inflation and refinance around $9 trillion of US debt by allowing...Read More
Representatives of US President Donald Trump’s family reportedly held talks to acquire a financial stake in Binance.US, the American arm of the world’s largest cryptocurrency exchange. According to a report by the Wall Street Journal (WSJ), which cited people familiar with the matter, the discussion began last year after Binance reached out to allies of...Read More
The crypto market’s recent pullback has rattled investors, with Bitcoin and altcoins experiencing sharp declines. While volatility remains a concern, fundamental indicators suggest a potential turnaround could be on the horizon. Bitcoin is currently on a seven-week slump after reaching an all-time high of approximately $109,000 on January 19 this year. This decline followed months...Read More
The White House is preparing for its first crypto summit on Friday, March 7, and invites have been issued to industry leaders and experts. The event will be hosted by Trump’s AI and crypto czar, David Sacks, and industry leaders are hoping for regulatory clarity that could help the US retain blockchain talent and foster...Read More
The US Securities and Exchange Commission’s (SEC) Division of Corporation Finance released a statement clarifying its views on the application of federal securities laws to meme coins. In a statement this week, the division stated that it does not view meme coins as securities but more like collectibles. Meme Coins Are Not Securities According to the...Read More
Crypto market capitalization has lost 18% over the past week, falling to its lowest level since the end of October at $2.75 trillion on Friday. Support lines have been broken, and all gains since the US presidential election in November have been wiped out as a whopping $600 billion has exited the space over the...Read More
A sudden dip in Bitcoin’s hash rate has sparked discussions within the crypto community. Though fluctuations are not uncommon, the scale of this decline draws comparisons to past major disruptions. What does this mean for miners and network stability in the near term? Mining Slowdown? The Bitcoin network’s hash rate has experienced a significant short-term...Read More
The financial regulator also appears to be easing up or pausing its rafts of ongoing litigation against crypto companies. However, those with imminent deadlines may still be on the table. “I’m told by multiple legal sources that the SEC has been prioritizing cases with imminent court deadlines, which is one explanation for why we haven’t...Read More
Sam Bankman-Fried, the once crypto wunderkind turned convicted fraudster, appears to have found a new investment thesis – hitching his legal fate to the political winds. After years of playing the role of a prolific Democratic donor, the former FTX CEO is now parroting grievances against the Department of Justice, the judiciary, and the very...Read More
Since Donald Trump won the U.S. presidential election in November last year, Bitcoin has broken its all-time high (ATH) price several times, and the head of state is crediting his strong support for digital assets as the driving force. He has also declared an end to the previous administration’s apparent hostility towards the crypto industry,...Read More
The team behind the MELANIA meme coin, which was recently launched by First Lady Melania Trump, will begin unlocking its allocated tokens on February 19 or 20. According to the project’s unlocking schedule, 3% of the total supply – equivalent to 30 million tokens worth approximately $39 million – will be released. MELANIA’s First Token...Read More
Bitcoin mining hardware is facing increased scrutiny from US officials. Recent seizures at entry points hint at a broader enforcement push that could impact major manufacturers and miners alike. At the request of the Federal Communications Commission (FCC), US Customs and Border Protection (CBP) has been seizing bitcoin mining ASICs at ports of entry across...Read More
President Donald Trump plans to pick Brian Quintenz, the head of policy at Andreessen Horowitz’s (a16z) crypto division, to lead the Commodity Futures Trading Commission. There has been no official statement, but Bloomberg cited a document sent by the White House to Capitol Hill on Feb. 11. Acting CFTC Chair Caroline Pham congratulated Quintez on the...Read More
The Central African Republic (CAR) recently introduced a national meme coin, CAR, announced by President Faustin-Archange Touadéra. The launch quickly gained attention, not only due to questions surrounding its authenticity but also because a trader reportedly made millions within hours by capitalizing on early market movements following the announcement. Skepticism Mounts Over CAR Meme Coin...Read More
Another volatile week is in store with two big inflation reports due alongside retail sales data. Last week’s mixed recent economic reports still reflect a robust economy and elevated inflation, supporting the case for the Federal Reserve to remain on hold with rate cuts for now. “Meanwhile, ongoing trade war headlines will carry over from...Read More
On Feb. 6, Trump Media and Technology Group (TMTG), which has the US President as its majority owner, filed to register trademarks for new investment vehicles under its fintech brand Truth.Fi. Under the new trademarks, the firm plans to offer three types of investment funds. A “Made in America” exchange-traded fund and separately managed accounts...Read More
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
The cryptocurrency market experienced a significant selloff following US President Donald Trump’s announcement of new tariffs on imports from Canada and Mexico, along with threats of increased duties on goods from the European Union. This triggered billions in liquidations, with Bitcoin briefly dropping below $92,000 while altcoins suffered even steeper declines. Although the market has...Read More
