News BTS
Two California men, Gabriel Hay and Gavin Mayo, have been indicted for reportedly defrauding investors in several NFT rug pull schemes that saw $22 million drained from victims, December 20 Los Angeles court documents reveal. Gabriel Hay, Gavin Mayo Arrested For…
Bullish, the parent company of leading cryptocurrency publication CoinDesk, has abruptly dismissed three senior editors, including Editor-in-Chief Kevin Reynolds, amid growing controversy over editorial independence. Fortune reported on Friday that the layoffs also affected Deputy Editors-in-Chief Nick Baker and Marc Hochstein,…
The crypto industry witnessed losses totaling $1.49 billion in 2024 due to hacks and fraud, marking a 17% decrease from 2023. According to a report by blockchain security platform Immunefi, hacks were overwhelmingly the primary cause, accounting for $1.47 billion or…
In a surprising twist of debate, Elon Musk has commented on the ongoing speculation surrounding the fate of Sam Bankman-Fried (SBF), the disgraced founder of FTX, on getting a pardon. In response to an X post about Bankman-Fried’s past as the…
Billionaire blockchain visionary and Cardano co-founder Charles Hoskinson is planning to meet Democratic Senators to push for bipartisan crypto agenda. In a post on X, Hoskinson noted that he will have talks with Senators, including Pennsylvania’s John Fetterman, to make crypto…
Securitize, the brokerage behind the tokenized BlackRock US Dollar Institutional Digital Liquidity Fund (BUIDL), has proposed adding BUIDL as collateral for the Frax USD stablecoin. The proposal, submitted as a Frax Improvement Proposal (FIP), highlights the advantages of leveraging BUIDL, which…
President-elect Donald Trump has nominated Stephen Miran, a former Treasury official from his first administration, to lead the Council of Economic Advisers. By selecting Miran, Trump is bringing experienced leadership back to Washington to help shape economic policy. “Steve will work…
US President-elect Donald Trump has appointed Bo Hines, a former North Carolina State and Yale football player, to spearhead the new Crypto Council. Announced Sunday, Bo Hines will onboard as executive director of the Presidential Council of Advisers for Digital Assets.…
The cost of Bitcoin mining machines has surged sharply in Shenzhen, China, following the recent spike in the Bitcoin price. According to a recent report by a Beijing-based newspaper Wen Wei Po, the price of Ant mining machines developed and produced…
Belarus says it is welcoming more crypto miners, and that more mining “investors” are “showing keen interest” in the nation. The comments came from the country’s Deputy Minister of Energy Denis Moroz. The Deputy Minister said that Minsk is now “meeting…
Federal Reserve Chair Jerome Powell says the central bank is “not allowed to own Bitcoin,” leaving the decision to Congress. Replying to a reporter’s question during the press conference following the FOMC decision, Powell said that the Fed has little to…
Michael Saylor, co-founder and chairman of MicroStrategy Inc., has outlined plans to enhance “intelligent leverage” for the company’s shareholders. The Virginia-based firm, which has transformed from a software maker to a leveraged Bitcoin investment vehicle, continues to draw significant attention for…