Latest Crypto Industry News and Insights
Tether CEO Claims USDT Bolsters U.S. Dollar Dominance Amid Transparency Efforts
Tether CEO Declares USDT a Pillar of U.S. Dollar Dominance In a bold statement that shook the financial world, Tether CEO Paolo Ardoino declared USDT as a crucial pillar in the ongoing saga of U.S. dollar hegemony. Speaking to CNBC, Ardoino didn’t mince words about Tether’s significant financial clout, likening the company’s U.S. Treasury holdings […]
Read MoreDOJ Seizes $24M in Crypto from Qakbot Malware Mastermind: Signals Wider Crackdown
DOJ Seizes $24M in Crypto from Qakbot Malware Developer: Is a Bigger Crackdown Looming? The U.S. Department of Justice (DOJ) has made a bold move against global cybercrime by seizing over $24 million in cryptocurrency from Rustam Rafailevich Gallyamov, a Russian national accused of masterminding the notorious Qakbot malware. This action not only underscores the […]
Read MoreKraken Launches xStocks: Tokenized Equities on Solana for Non-US Users
Kraken Launches xStocks: Tokenized Equities for Non-US Users on Solana Imagine trading Apple stocks from your smartphone in Kenya or Brazil, 24/7, without any fees. Kraken’s new xStocks platform makes this possible, bringing tokenized shares of major companies to non-US users via the Solana blockchain. This initiative aims to enhance global financial inclusion and open […]
Read MoreMarks & Spencer Suffers $403M Loss from DragonForce Cyberattack: Customer Data Exposed
Marks & Spencer Faces $403 Million Loss After Sophisticated Cyberattack Marks & Spencer (M&S), a pillar of the British retail sector, is grappling with a projected financial loss of $403 million following a cyberattack orchestrated by the hacking group DragonForce. The attack not only disrupted M&S’s operations but also exposed sensitive customer data, raising serious […]
Read MoreSemler Scientific Boosts Bitcoin Holdings with $50M Buy Near ATH
Semler Scientific Bolsters Bitcoin Strategy with $50M Purchase Near All-Time High In a bold move echoing the digital gold rush, Semler Scientific has doubled down on Bitcoin near its all-time high. The company disclosed on May 23, 2025, via a Form 8-K filing with the SEC, that it purchased an additional 455 Bitcoins for a […]
Read MoreThief Swaps $42.5M Stolen Bitcoin to Ethereum, Trolls ZachXBT in Coinbase Exploit
Thief Behind Massive Coinbase Exploit Swaps Stolen Crypto and Trolls On-Chain Sleuth ZachXBT In a digital heist straight out of a cyberpunk novel, a thief behind a massive Coinbase exploit not only swapped millions in stolen Bitcoin but also taunted a renowned blockchain sleuth on-chain, showcasing the audacity and sophistication of modern cybercriminals. Thief swaps […]
Read MoreCetus Issues $5M Bounty After $223M Exploit on Sui: Urgent Crypto Security Call
Cetus Offers $5 Million Bounty After $223 Million Exploit on Sui Blockchain: Urgent Call for Crypto Security Cetus, a leading DEX on Sui, offers $5M bounty for hacker behind $223M exploit $162M of stolen funds frozen; Cetus seeks return of 20,920 ETH and all Sui assets Hack exploited AMM liquidity parameters; Cetus vows to re-audit […]
Read MoreEmber Sword Closes: Funding Dries Up for Ethereum MMORPG Despite $203M NFT Sales
Ember Sword, Ethereum-Based MMORPG, Shuts Down Amid Funding Woes In the high-stakes world of web3 gaming, even the most promising projects can fall victim to the harsh realities of funding and market dynamics. Ember Sword, a once-thriving Ethereum-based MMORPG, has become the latest casualty after announcing its closure due to insufficient financial support. Ember Sword […]
Read MoreSmarter Web Company Boosts Bitcoin Holdings by £1.85M, Joins Institutional Adoption Race
The UK-listed Smarter Web Company Boosts Bitcoin Holdings with £1.85M Buy The Smarter Web Company PLC has boldly increased its Bitcoin investments, purchasing an additional 23.09 BTC valued at £1.85 million. This move brings their total holdings to 58.71 BTC, aligning with their “10 Year Plan” to integrate digital currencies into their treasury strategy. Is […]
Read MoreAlchemy Boosts Smart Wallet Growth with HeyMint Acquisition
Alchemy Acquires NFT Launchpad HeyMint to Boost Smart Wallet Development Alchemy, a leader in blockchain infrastructure, has acquired NFT launchpad HeyMint, aiming to accelerate its smart wallet development initiatives. This strategic move is designed to enhance user onboarding into the web3 space, leveraging HeyMint’s user-friendly tools and extensive experience in the NFT market. Alchemy acquires […]
Read MoreFIFA Launches Dedicated Blockchain on Avalanche, Revolutionizing Fan Engagement
FIFA’s Game-Changing Move: Launching the FIFA Blockchain on Avalanche FIFA is kicking off a new era in sports and digital engagement with its latest move to the Avalanche blockchain, ending its previous collaboration with Algorand. This strategic shift aims to revolutionize fan experiences and digital collectibles on a global scale. FIFA partners with Avalanche on […]
Read MoreU.S. Banks Set to Launch Stablecoin, Challenging USDT and USDC Amid Regulatory Shifts
U.S. Banks Plan to Launch New Stablecoin to Compete with USDT and USDC Amid Regulatory Changes In a bold move that could disrupt the $245 billion stablecoin market, major U.S. banks are planning to launch their own digital currency. This initiative follows the Senate’s progress on the GENIUS Act, aimed at regulating stablecoins amidst growing […]
Read MoreCitizenX and El Salvador Expand Bitcoin Passport Program: $1M in BTC or USDT for Citizenship
CitizenX Joins Forces With El Salvador to Expand Bitcoin-Backed Passport Initiative Swiss tech firm CitizenX has partnered with El Salvador to broaden the reach of its innovative “Freedom Passport” program, offering a fast track to Salvadoran citizenship for wealthy individuals willing to donate $1 million in either Bitcoin (BTC) or Tether (USDT), a type of […]
Read MoreKentucky’s Bitcoin Mining Bust: AI Data Centers Offer New Hope Amid Skepticism
Kentucky’s Bitcoin Boom Has Gone Bust Kentucky’s once-promising bitcoin mining industry has hit hard times, leaving local communities seeking new economic opportunities in AI-powered data centers. Despite the setbacks, there’s a glimmer of hope that both bitcoin mining and AI could revitalize the region, though skepticism remains due to past industrial promises. Bitcoin mining in […]
Read MorePat Toomey’s Crypto Bill Nears Senate Vote: Focus on Stablecoins and U.S. Innovation
Pat Toomey: Major Crypto Regulation Bill Nearing Senate Vote As the race to regulate cryptocurrencies intensifies, former U.S. Senator Pat Toomey, now on Coinbase’s Global Advisory Council, has unveiled a pivotal crypto regulation bill nearing a Senate vote. This legislation focuses on stablecoins, aiming to boost U.S. crypto innovation while also fortifying consumer protections. Crypto […]
Read MoreCecilia Skingsley Leaves BIS Innovation Hub Early Amid Strategic Overhaul
BIS Innovation Hub Leader Cecilia Skingsley Departs Early Amid Leadership Overhaul In a surprising move, Cecilia Skingsley, the driving force behind the Bank for International Settlements (BIS) Innovation Hub’s expansion, has announced her early departure, set to leave in June 2025, two years earlier than planned. Her exit aligns with broader changes at the BIS, […]
Read MorePhilippines Eyes US Treasury Reduction Post Moody’s Downgrade, Seeks Diversification
Philippines Mulls Reduction in US Treasury Holdings Amid Economic Shifts With over $100 billion in foreign reserves, the Philippines is making a bold move away from US Treasuries. This decision comes in the wake of a Moody’s downgrade of the US credit rating, highlighting growing concerns over the US fiscal deficit, which is the difference […]
Read MoreTrung Nguyen’s 6-Year Sentence: Bitcoin Laundering and Regulatory Challenges
Bitcoin Laundering: The Case of Trung Nguyen and the Regulatory Tightrope Trung Nguyen, known as “DCS420,” was sentenced to six years in prison for laundering over $1 million through Bitcoin via an unlicensed business, highlighting the challenges of cryptocurrency regulation. 6-year sentence for Trung Nguyen Over $1 million laundered through Bitcoin National Vending: unlicensed and […]
Read MoreGhana, Rwanda, Singapore Unveil Project 54: Revolutionizing African Cross-Border Payments
Ghana, Rwanda, and Singapore Launch Project 54: A New Era for Cross-Border Payments in Africa Ghana, Rwanda, and Singapore have teamed up to launch Project 54, a groundbreaking initiative aimed at revolutionizing cross-border payments in Africa. This advanced digital payment system seeks to tackle the continent’s persistent issues of high costs and slow transaction times, […]
Read MoreAmerican Tourist Loses $123k in Crypto to Fake Uber Driver in London: A Global Scam Surge
London Uber Driver Scams American Tourist Out of $123k in Crypto: A Rising Trend in Digital Asset Theft Imagine stepping into what you think is an Uber after a night out, only to wake up robbed of your digital fortune. Jacob Irwin-Cline, a 30-year-old American tourist, experienced this nightmare firsthand in London, losing $123,000 in […]
Read MoreAI Meets Crypto: Mining Data Centers Key to Powering AI’s Future
AI and Mining Data Centers: A Perfect Match? Wondering how to satisfy the world’s growing demand for AI computation? Cryptocurrency mining data centers, with their robust high-density computing infrastructure, could be the unsung heroes in this AI revolution. High-density computing Dynamic task switching Energy challenges Grid stability Future of data centers Cryptocurrency mining centers are […]
Read MoreKazakhstan Aims for Digital Asset Hub Status, Thailand Launches G-Token for Retail Investors
Kazakhstan and Thailand Forge Ahead in Digital Asset Innovation Kazakhstan aims to become Central Asia’s digital asset hub, lifting trading restrictions and implementing favorable policies, while Thailand plans to issue G-Token, tokenized government bonds aimed at retail investors. Kazakhstan targets Central Asia’s digital asset hub status. Thailand introduces G-Token for retail investors. Both initiatives reflect […]
Read MoreSenate Dems Amend GENIUS Act to Curb Trump Family’s Stablecoin Profits
Senate Democrats Target Trump’s Stablecoin Payday with Anti-Corruption Amendment Can a family’s involvement in cryptocurrency influence national policy? Senate Democrats are pushing to amend the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to prevent corruption linked to President Trump’s family and their cryptocurrency platform, World Liberty Financial (WLFI). Senate Democrats propose anti-corruption […]
Read MoreRussian Crypto Mining Giants BitRiver and Intelion Hit $200M Revenue in FY2024
Russian Crypto Mining Giants BitRiver and Intelion Report $200M Revenue in FY2024 In the heart of Russia, BitRiver and Intelion have showcased the robust growth of the crypto mining sector, amassing a combined revenue of $200 million in Fiscal Year 2024. Dominating over 50% of the market, these industry leaders underscore the potential of decentralized […]
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