Latest Crypto Industry News and Insights
Senate 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 […]
Read MoreEthereum’s Trillion-Dollar Security Push Falls Flat as Solana Surges Ahead
Ethereum’s Trillion-Dollar Rebrand Masks Deep Trouble as Solana Eats Its Lunch Ethereum’s ambitious “Trillion Dollar Security Initiative” aims to bolster its reputation as a secure platform for real-world value. However, the blockchain faces declining performance and stiff competition from Solana, which is rapidly gaining ground. Ethereum’s campaign focuses on enhancing blockchain security. Solana’s growth in […]
Read MoreDOJ Charges Two Men in $227M Medicare Fraud Scheme Exploiting COVID-19
U.S. Department of Justice Charges Two Men in $227 Million Medicare Scam The U.S. Department of Justice (DOJ) has charged Syed Murtuza Kablzada and Syed Mehdi Hussain in a massive $227 million Medicare fraud scheme, exploiting the system during the COVID-19 crisis through fake claims for test kits that were never provided. This case highlights […]
Read MoreCZ Envisions AI-Driven Blockchain Economy: The Future of Crypto
CZ’s Vision: The Dawn of AI-Driven Blockchain Economy In a candid interview with Raoul Pal, Changpeng Zhao (CZ), the former CEO of Binance, shared his insights on the cryptocurrency industry’s trajectory. He firmly believes we’re just scratching the surface of what’s possible, with nation-level adoption of Bitcoin and the integration of artificial intelligence (AI) into […]
Read MoreDemocrats Push to Ban Crypto for Politicians as Trump’s Memecoin Gala Faces Protests
Democrats Propose Crypto Ban for Politicians Amid Protests at Trump’s Memecoin Gala Democratic lawmakers, led by Rep. Maxine Waters, have introduced the “Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025” to prohibit U.S. politicians and their immediate families from owning or profiting from cryptocurrencies while in office. This legislative action coincides […]
Read MoreCFTC’s Mersinger Predicts U.S. Crypto Perpetual Futures Trading Soon
CFTC’s Mersinger: Crypto Perpetual Futures Could Soon Trade in the U.S. Summer Mersinger, the outgoing commissioner of the Commodity Futures Trading Commission (CFTC), has sparked excitement in the crypto community with her recent statements on Bloomberg TV. As she gears up to lead the Blockchain Association as CEO, Mersinger is confident that crypto perpetual futures […]
Read MoreSynthetix Abandons $27M Derive Deal After DeFi Community Outcry
Synthetix Cancels $27M Derive Acquisition Amid DeFi Community Backlash Synthetix, a prominent player in the decentralized finance (DeFi) sector, has withdrawn its $27 million proposal to acquire the crypto options platform Derive. The decision was influenced by significant community opposition, underlining the crucial role of community governance in DeFi and the challenges of asset valuation […]
Read MoreBRCA Reintroduced: Protecting Crypto Innovation from Misclassification
Blockchain Regulatory Certainty Act Reintroduced to Safeguard Crypto Innovation The Blockchain Regulatory Certainty Act (BRCA), reintroduced by Congressman Tom Emmer and Representative Ritchie Torres, aims to protect digital wallet services, miners, and validators from being misclassified as money transmitters, fostering a more favorable environment for crypto innovation in the United States. BRCA reintroduced by Emmer […]
Read MoreCZ Declares Crypto Industry in Early Stages, Predicts AI and Blockchain Revolution
Crypto Is Still Early, Says Binance’s CZ Changpeng Zhao, or CZ as he’s widely known, recently stepped down from his role as CEO of Binance but remains a pivotal figure in the crypto world. In a revealing chat with Raoul Pal at the Token2049 event, CZ asserted that the crypto industry is still in its […]
Read MoreKIKI Project Collapses: Founders’ Feud Derails Shiba Inu-Solana Bridge
KIKI’s Founders Clash and Tear Crypto Dream Apart The KIKI project, which once promised to bridge the Shiba Inu ecosystem with the Solana blockchain, has collapsed amid a bitter feud between its founders, Jay Ha and Shytoshi Kusama. Aiming to build an IP-based metaverse, the project quickly unraveled due to accusations of betrayal and mismanagement. […]
Read MoreCetus DEX on Sui Blockchain Exploited for $260M, Validators Freeze $160M: Decentralization Tested
Cetus DEX Exploited for $260 Million on Sui Blockchain; Validators Freeze $160 Million Can a blockchain truly be decentralized if its validators can freeze transactions? The recent $260 million exploit on Cetus DEX on the Sui blockchain forces us to confront this question head-on. The exploit not only underscores the persistent security challenges in the […]
Read MoreCrypto Tax Filings Surge in Finland, Yet Majority Unreported; Global Crackdowns Intensify
Crypto Tax Filings Nearly Double in Finland, But Majority Remain Undeclared In Finland, cryptocurrency tax filings have nearly doubled from 8,200 to 16,000 in just one year, yet this represents only a fraction of the estimated 300,000 Finns holding digital assets, highlighting significant non-compliance issues. Authorities are stepping up enforcement efforts, while Denmark and Italy […]
Read MoreTexas Passes SB21: Pioneering State-Managed Bitcoin Reserve Bill Heads to Governor
Texas Advances SB21: Strategic Bitcoin Reserve Bill Officially Passed Could Texas soon be the home of the world’s first state-managed Bitcoin reserve? The Texas House has given a resounding yes by passing Senate Bill 21 (SB21), the Texas Strategic Bitcoin Reserve and Investment Act. With the bill now headed to Governor’s desk, Texas is poised […]
Read MoreCrypto CEO Jeremy Jordan-Jones Faces $1M Fraud Charges Amid Bitcoin’s $111,800 Peak
Startup CEO Jeremy Jordan-Jones Charged in $1 Million Crypto Fraud Scandal The US Attorney for the Southern District of New York, working with the FBI and SEC, has charged Jeremy Jordan-Jones, CEO of Amalgam Capital Ventures, with defrauding investors out of $1 million. This case serves as a stark warning amidst the cryptocurrency market’s growth, […]
Read MoreRipple CEO’s Meeting with Sen. Lummis Canceled Amid XRP FUD and Political Tensions
Ripple CEO Snubbed by Lummis: XRP FUD Fuels Crypto Drama – Ripple CEO’s meeting with Sen. Lummis canceled. – Speculation of influence by Lummis’ Bitcoin maximalist son-in-law. – Ripple’s negotiations to acquire Circle amidst stablecoin legislation debate. – SEC settlement denial adds to Ripple’s legal woes. – Political tensions highlighted by Ripple’s donations. What happens […]
Read MoreCrypto Ownership in Singapore Drops to 29% in 2024 Amid Portfolio Rebalancing
Crypto Ownership in Singapore Plummets in 2024 as Investors Rebalance Portfolios Singapore’s crypto market saw a sharp decline in ownership in 2024, dropping from 40% to 29%. This significant shift, detailed in the 2025 Independent Reserve Cryptocurrency Index (IRCI), shows that half of the country’s crypto holders sold their assets. Despite the sell-off, optimism persists […]
Read MoreMichigan House Unveils 4 Bills to Propel Bitcoin and Crypto Adoption
Michigan House Proposes Four New Bills to Boost Bitcoin and Crypto Adoption On May 21, 2025, Michigan took a leap into the digital future with the introduction of four bills designed to clarify and promote the use of Bitcoin and other digital assets. This move not only reflects the state’s commitment to embracing the potential […]
Read MoreMicrosoft Blocks Over 2,300 Sites to Crush Lumma Stealer Malware Threatening Crypto Users
Microsoft Strikes Back: Over 2,000 Sites Blocked in Fight Against Lumma Stealer Malware Microsoft has taken decisive action against the notorious Lumma Stealer malware, blocking over 2,300 associated websites to protect cryptocurrency users from a surging wave of cybercrime. Microsoft blocks 2,300+ Lumma-linked sites Lumma infects over 394,000 Windows devices Global crypto theft hits $51 […]
Read MorePakistan Launches PDAA to Regulate Crypto and Boost Digital Finance
Pakistan’s Bold Leap into Crypto: Introducing the Pakistan Digital Assets Authority (PDAA) Pakistan has taken a major step forward in embracing blockchain and cryptocurrency with the establishment of the Pakistan Digital Assets Authority (PDAA). PDAA to regulate digital assets Aims to attract global investment Engages with global crypto leaders Approved by the Ministry of Finance, […]
Read MoreWhite House Crypto Advisor: Stablecoin Regulation Could Boost U.S. Debt by Trillions
White House Crypto Czar David Sacks: Stablecoin Clarity Could Trigger Trillions for U.S. Debt David Sacks, President Trump’s advisor on crypto and AI, suggests that the passage of the GENIUS Act, a bill aimed at regulating stablecoins, could lead to a significant demand for U.S. Treasuries, potentially injecting trillions into the U.S. debt market. GENIUS […]
Read MoreSafeMoon CEO Convicted in $8B Crypto Fraud, Faces 45 Years
SafeMoon’s $8B Crypto Collapse: CEO Convicted in Massive Fraud, Faces 45-Year Sentence Braden Karony, the former CEO of SafeMoon, has been convicted of wire fraud, securities fraud, and money laundering, marking the end of a once-promising DeFi project that reached an $8 billion market cap before crashing spectacularly. – Braden Karony convicted of fraud and […]
Read MoreVivek Ramaswamy’s Firm Buys 75,000 BTC from Mt. Gox, Forms New Treasury Company
Billionaire Vivek Ramaswamy’s Bold Move: Acquiring 75,000 Bitcoin from Mt. Gox Billionaire Vivek Ramaswamy’s Ohio-based financial services firm Strive, in a strategic partnership with 117 Castell Advisory Group LLC, has announced plans to acquire 75,000 Bitcoin claims from the bankrupt Mt. Gox estate. This acquisition, valued at over $8.2 billion, aims to establish the first […]
Read MoreASIC Challenges Block Earner’s Crypto Yield Ruling in High Court Showdown
ASIC Appeals to High Court Over Block Earner Crypto Yield Product Ruling The Australian Securities and Investments Commission (ASIC) is taking its fight against fintech company Block Earner to the High Court, challenging the Full Federal Court’s ruling that Block Earner’s “Earner” product is not a financial product under Australian law. This legal battle could […]
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