Ripple CEO Brad Garlinghouse expects the native token to be included in the White House’s proposed digital asset reserves and anticipates an XRP exchange-traded fund (ETF) to debut before 2025 ends. His comments, made in a Bloomberg Markets interview, followed news that the U.S. Securities and Exchange Commission (SEC) has abandoned its appeal in its...Read More
David Sacks, AI and czar for the White House, has criticized the media for what he described as an unfair portrayal of his decision to liquidate his digital asset holdings. He clarified that the move was not a reflection of lost confidence in digital assets but a necessary step to comply with government ethics rules....Read More
The Solana Foundation has removed an advertisement from its official X account following criticism over its political messaging on gender identity. The ad, posted on March 17 to promote the Solana Accelerate conference, attracted negative commentary from the crypto community for its references to gender and pronouns. Solana Co-founder Disapproves of the Campaign The video...Read More
The United States government may be keen on owning and maintaining a digital asset stockpile, but not all countries feel the same way. South Korea, for one, has expressed its disinterest in including bitcoin (BTC), or any cryptocurrencies, in its foreign exchange reserves. A report from the local media Korea Economic Daily revealed that the...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
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 U.S. House of Representatives has passed H.J. Res 25, effectively rejecting the Internal Revenue Service’s (IRS) controversial broker rule. The resolution, which gained overwhelming bipartisan support, aims to protect decentralized finance (DeFi) innovation and prevent regulatory overreach. Taxing Requirement According to the DeFi Education Fund, 292 lawmakers voted in favor of the resolution while...Read More
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against Behrouz Parsarad for running Nemesis, a darknet marketplace that sold illegal drugs. As part of these actions, OFAC has also blacklisted 49 crypto addresses, including 44 for Bitcoin and 5 for Monero, connected to the operation. Founder Accused of...Read More
Michael Saylor, founder of Strategy (formerly MicroStrategy), has said that a Bitcoin strategic reserve will position the United States as a leader in cyberspace. In an interview with Fox News Channel, Saylor argued that Bitcoin is a secure means of savings for individuals, companies, and governments. Bitcoin Will Take The U.S. to Cyberspace Saylor, whose...Read More
The cryptocurrency unit of the American financial services company Robinhood is now in the clear as the Securities and Exchange Commission (SEC) has closed its investigation into the business. According to a blog post by Robinhood, the SEC revealed in a letter dated February 21 that it had wrapped up its investigation into the firm’s...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 leading cryptocurrency market maker, Wintermute, has revealed plans to expand its business to the United States amid the emergence of a more favorable environment for digital assets in the country. Wintermute’s CEO Evgeny Gaevoy disclosed the company’s plans in an interview with Bloomberg at the ongoing Consensus crypto conference in Hong Kong. Gaevoy said...Read More
The US arm of the world’s largest cryptocurrency exchange has restarted all USD-based services for local investors after a nearly three-year hiatus. The announcement, shared by the company earlier today, indicates that the services are operational as of February 19 and will be gradually rolled out to “all eligible customers in the coming days.” The...Read More
The U.S. Bitcoin mining industry has generated over 31,000 jobs and contributed more than $4.1 billion in gross product annually. According to a report by The Perryman Group, most of the industry is concentrated in twelve states, with Texas being the largest contributor. Economic and Social Benefits The study shows that Bitcoin mining in Texas generates...Read More
Russian national Alexander Vinnik, previously convicted for running a multi-billion-dollar money-laundering operation through his BTC-e crypto exchange, has been released in a prisoner exchange between Russia and the United States. In return, Moscow freed American schoolteacher Marc Fogel, who had been detained on drug charges. Vinnik’s Role in BTC-e and Legal Troubles Vinnik operated the...Read More
Two Estonian citizens pleaded guilty yesterday to running a massive cryptocurrency Ponzi scheme that defrauded hundreds of thousands of investors worldwide, including in the United States. The scheme involved a fraudulent crypto-mining service called HashFlare, resulting in investor losses of over $577 million. Founders Agree to Forfeit $400M in Assets According to court documents, Sergei...Read More
A new legislative proposal in Michigan seeks to create a Bitcoin reserve as part of the state’s financial strategy. On February 13, Representatives Bryan Posthumus and Ron Robinson put forward HB 4087, a bill designed to update the state’s Management and Budget Act by incorporating Bitcoin investments. With this, Michigan now joins 19 other states...Read More
If state-level strategic Bitcoin reserve bills are enacted, “they could drive $23 billion in buying or 247,000 BTC,” said VanEck’s dead of digital assets research, Matthew Sigel, on Feb. 12. “This sum is independent of any pension fund allocations, likely to rise if legislators move forward,” he added before stating that the $23 billion was...Read More
Brian Armstrong and Tyler Winklevoss have celebrated the defanging of the Consumer Financial Protection Bureau (CFPB) following recent actions taken by the agency’s new leadership. Coinbase has reportedly been the subject of more CFPB complaints than any other exchange. CFPB Chief Orders Shutdown The agency’s newly appointed chief, Russell Vought, selected by President Donald Trump,...Read More
BitMEX co-founder Arthur Hayes has dismissed the idea of a U.S. Bitcoin reserve, calling it a politically driven and impractical concept. In his February 5 essay called “The Genie,” Hayes argued that government stockpiling of the cryptocurrency would serve political interests rather than financial stability. Bitcoin Reserve Would Be a Political Tool “What can be...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
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
U.S. authorities have charged 22-year-old Canadian Andean Medjedovic for allegedly stealing approximately $65 million from two decentralized finance (DeFi) protocols, Indexed Finance and KyberSwap. The U.S. Department of Justice (DOJ) announced on February 3 that a federal court had unsealed a five-count indictment against him. The Charges Against Medjedovic According to court documents, Medjedovic manipulated...Read More
On Feb. 3, President Trump announced plans to create a US sovereign wealth fund, a national investment vehicle designed to generate and distribute assets for American citizens. Trump signed the executive order at a White House event directing Treasury Secretary Scott Bessent and Secretary of Commerce Howard Lutnick, who are both pro-crypto, to “begin a...Read More
Elon Musk, who leads President Donald Trump’s Department of Government Efficiency (D.O.G.E.), has called out the U.S. Treasury for approving fraudulent payments and suggested blockchain as a solution. His remarks came in response to concerns about inefficiencies and mismanagement in the Scott Bessent-led department. Could Blockchain Solve Treasury Fraud? The controversy started when Musk took...Read More
Jeff Park, Head of Strategy at Bitwise, believes that tariffs will ultimately be a powerful catalyst for Bitcoin’s long-term rise. This comes as the recent imposition of these charges by President Donald Trump has caused volatility in the crypto market. The Potential Impact of a Tariff War on Bitcoin In a February 2 post on...Read More
Two long-inactive Ethereum whales resurfaced after six years, moving an eye-popping 135,548 ETH valued at just under $400 million to Bitfinex hours before the crypto market came crashing down. The two wallets have been dormant since January 2019 and became active within hours of each other. Strategy or Coincidence? According to on-chain data shared by...Read More
A New York court has sentenced Antonia Perez Hernandez, a key promoter in the Forcount Ponzi scheme, to 30 months in prison. The ruling, delivered by U.S. District Judge Analisa Torres on January 27, follows Hernandez’s guilty plea to conspiracy to commit wire fraud. A Web of Lies The Tampa resident is said to have...Read More
Musk has begun to discuss using blockchain technology to streamline the government’s IT systems and cut unnecessary costs, according to recent reports. To wit, Musk is the new president’s official advisor on matters pertaining to government efficiency. President Donald Trump appointed him to head the DOGE: a White House office named the Department of Government...Read More
