On Jan. 9, crypto news feed DB News reported that “an official confirmed” the US government has been given the green light to liquidate 69,000 BTC worth around $6.5 billion from Silk Road seizures. An unsourced screenshot read, “A federal judge ruled on Dec. 30 that the DoJ (Department of Justice) can sell 69,370 Bitcoin […]
Musk will head the newly-created White House advisory office named D.O.G.E. It’s a play on the Texas techno king’s love for Dogecoin and an acronym that stands for Department of Government Efficiency. DOGE Aims to Whip Inflation Now We either fix this or go de facto bankrupt https://t.co/hmjpx6uBfd — Elon Musk (@elonmusk) December 26, 2024 […]
Tesla and SpaceX CEO Elon Musk has shown his support for Pierre Poilievre, Canada’s pro-Bitcoin opposition leader. This follows Canadian Prime Minister Justin Trudeau’s announcement of his resignation on January 7, in the wake of the abrupt departure of his finance minister, Chrystia Freeland. The Endorsement Musk shared a video of Poilievre discussing inflation and […]
A federal judge has allowed Coinbase to pursue an interlocutory challenge in the Second Circuit Court of Appeals in its ongoing case with the U.S. Securities and Exchange Commission (SEC), citing conflicting rulings on crypto’s legal status. Judge Katherine Failla granted the exchange’s appeal of her March 2024 order, which had denied the company’s motion […]
The rapid evolution of quantum computing could pose significant threats to Bitcoin’s ecosystem according to CryptoQuant. A new analysis by the platform revealed two critical areas that could be targeted are – mining and private key security. Bitcoin’s Dual Vulnerabilities Bitcoin miners rely on a nonce and the SHA-256 hash function to secure the network […]
US fintech firm Ripple and blockchain oracle provider Chainlink have partnered to accelerate the adoption of the cross-border payments firm’s stablecoin, Ripple USD. “Ripple has adopted the Chainlink standard to access highly secure and reliable pricing data around the recently launched Ripple USD (RLUSD) stablecoin,” stated Chainlink on Jan. 7. Ripple describes its new stablecoin […]
[PRESS RELEASE – Singapore, Singapore, January 8th, 2025] Cactus Custody, a leader in the Web3 sector, has released its 2024 annual performance. The company achieved significant growth and innovation by focusing intensely on security and compliance. Performance Highlights 177 New Institutional Clients: Expanded customer base $4 Billion AUC: Increased assets under custody 56 Blockchains Supported: […]
Bitcoin prices have slumped back into five-figure territory, with the asset hitting an intraday low of $95,164 during early trading in Asia on Wednesday following a fall of almost 6% in 12 hours, according to CoinGecko. On Tuesday, Jan. 7, the asset topped $102,000 after gaining 10% over the past week. However, most of those […]
Governments and central banks, from the United States to Switzerland, are giving Bitcoin serious consideration as an alternative to traditional reserve assets, with the Czech Republic being one of the latest to signal interest. The governor of the Czech National Bank (ČNB), Aleš Michl, has floated Bitcoin as a potential diversification strategy for the country’s […]
Gemini Trust Co. has agreed to pay $5 million to settle a Commodity Futures Trading Commission (CFTC) lawsuit that accused the firm of misleading authorities during its attempt to launch the first U.S.-regulated Bitcoin futures contract. The agreement was revealed Monday in a proposed consent order filed in the U.S. District Court for the Southern […]