The two will take a break for two months amid changes in the US approach to cryptocurrency The US Securities and Exchange Commission (SEC) and Binance have agreed to pause their ongoing legal battle for 60 days, marking a shift in the regulatory approach to cryptocurrency cases. The joint motion, filed yesterday, signals a potential
Category: Crypto
Welsh Landfill Where $768M Bitcoin Wallet Remains Undiscovered to Close
A judge recently denied the suspect wallet’s owner access to the landfill A landfill site in Newport, Wales, linked to a long-running search for a lost Bitcoin fortune, is set to close within the next two years. The site, which has been in operation since the early 2000s, is nearing the end of its lifespan,
Missouri Becomes the Latest State To Consider a Bitcoin Reserve Fund
Missouri is one of a handful of states that appears to see greater value in cryptocurrencies Missouri has joined a growing list of states exploring the idea of holding Bitcoin as part of its financial strategy. Representative Ben Keathley recently introduced House Bill 1217, a proposal aimed at establishing a Bitcoin Strategic Reserve Fund to
CFTC Fines Founders of Cryptocurrency Platform Empiresx $130 Million for Fraud
It’s unclear if the Brazilian nationals will be able to pay the fine A US federal court has imposed more than $130 million in fines and restitution against the Brazilian founders of EmpiresX, a fraudulent cryptocurrency investment platform. The Commodity Futures Trading Commission (CFTC) announced the ruling, which includes permanent bans and financial penalties for
Ripple’s XRP Ledger Back To Normal Following Outage
The network experienced technical issues on February 4 that caused transactions to freeze Ripple’s XRP Ledger has successfully recovered following a network halt that disrupted validations for over an hour. The issue began on February 4, when the blockchain froze at block height 93927174 for 64 minutes. Ripple’s Chief Technology Officer, David Schwartz, explained that
Canadian Charged Over Hacks of Kyberswap, Indexed Finance
The two DeFi protocols lost over $65 million in the attacks A Canadian national, Andean Medjedovic, has been charged by US prosecutors for hacking into two decentralized finance (DeFi) protocols, KyberSwap and Indexed Finance, stealing around $65 million in the process. The Justice Department unsealed an indictment on February 3, 2025, in a Brooklyn federal
Bitcoin Advocate Expects Utah To Be the First State To Approve Crypto Reserves
Satoshi Action Fund CEO Dennis Porter credits the state’s short legislative session Utah may soon become the first US state to approve the establishment of a Bitcoin reserve. This move could set a major precedent for cryptocurrency integration into public finance. The states will lead. 🇺🇸 pic.twitter.com/K8X7AL7OnX — Dennis Porter (@Dennis_Porter_) February 1, 2025 According
Two Cryptocurrency ETF Approvals by the SEC Could Benefit the Market
The new SEC management may be ready to accept more cryptocurrency products The approval of two cryptocurrency exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has created a significant buzz in the market, especially for Bitcoin and Ethereum. Yesterday, the SEC gave its initial approval to Bitwise Asset Management’s ETF, which tracks
Mobile Cryptocurrency Wallet Use on the Rise, According to Coinbase
A report for the last quarter of 2024 shows more mobile wallets active around the world The use of mobile cryptocurrency wallets has reached record levels, signaling growing mainstream adoption. According to Coinbase’s latest market report, over 36 million people actively used mobile crypto wallets in the last quarter of 2024. This increase reflects a
DraftKings Settles Dispute with the NFLPA Over Shuttered NFT Marketplace
DraftKings was sued by the NFLPA for $65 million for using player images without permission DraftKings has reached a settlement with the NFL Players Association (NFLPA) after being accused of failing to pay for using NFL player likenesses in non-fungible tokens (NFTs). The two parties informed a New York federal judge on January 27 that
Arizona Bitcoin Reserve Legislation Advances
The state is one of a handful looking to embrace cryptocurrency more Arizona lawmakers have taken a significant step towards incorporating Bitcoin into the state’s financial strategy with the advancement of a new bill. The proposed legislation, known as the Strategic Bitcoin Reserve Act (SB1025), was passed by the Arizona State Senate Finance Committee on
Elon Musk, as DOGE Boss, Wants the Blockchain To Curb Government Spending
The billionaire is reportedly considering moving government spending oversight to the Blockchain Elon Musk, as head of the Department of Government Efficiency (DOGE), is reportedly exploring how blockchain technology could streamline US government operations and curb federal spending. This initiative aligns with Musk’s vision of enhancing accountability and reducing waste in government budgets. The DOGE