The firm is demanding answers about why the government is suppressing cryptocurrencies Coinbase has taken steps to push for more transparency regarding the US government’s stance on cryptocurrency. The company filed two Freedom of Information Act (FOIA) requests aimed at uncovering how regulators are managing digital assets, particularly in the banking sector. Paul Grewal, Coinbase’s
The payment processing company shows its optimism for the future or cryptocurrency Stripe, the payment processing giant, has made a leap in the crypto space by acquiring the stablecoin platform Bridge in a deal reportedly worth $1.1 billion. This acquisition marks one of the largest in crypto history and is Stripe’s biggest purchase to date,
Eric Council Jr faces up to five years in federal prison for his actions A 25-year-old man from Alabama, Eric Council Jr., was arrested for allegedly hacking into the US Securities and Exchange Commission’s (SEC) X account in January, where he falsely promoted Bitcoin. According to the US Department of Justice, Council used the compromised
The company was trying to help those who suffered from the Radiant Capital hack A crypto security firm, Ancilia, faced backlash after accidentally sharing a harmful link leading to a wallet-draining app. The incident occurred in the aftermath of a $52 million exploit on Radiant Capital, a lending protocol, yesterday. The hack left users scrambling
PancakeSwapX targets a new era of cryptocurrency trading PancakeSwap has introduced a new trading product called PancakeSwapX, aimed at enhancing the decentralized finance (DeFi) experience by making crypto trading easier and more cost-effective. The new feature allows users to execute zero-fee transfers and gasless swaps on the Ethereum and Arbitrum networks. By eliminating gas fees,
The crypto asset manager is preparing to add 35 new altcoins to its investment portfolio Grayscale, a leading crypto asset manager, recently announced it is considering adding 35 new altcoins to its range of investment products. These include popular tokens like Dogecoin and Worldcoin, as well as projects like Pyth and Rune. In a blog
Former USI-Tech CEO Horst Jicha is on the run after allegedly stealing $180 million from investors A former cryptocurrency executive is on the run after allegedly tampering with his ankle bracelet, according to New York prosecutors. Horst Jicha, the ex-CEO of USI-Tech, a crypto mining and trading company accused of defrauding investors out of $180
The former attorney has received probation for his actions due to his advanced age An 86-year-old former attorney from California, David Kagel, has been sentenced to five years of probation after admitting to his role in a multimillion-dollar cryptocurrency Ponzi scheme. The sentencing, which took place in early October, was handed down by Judge Gloria
The sting operation ensnared financial and cryptocurrency firms across the country The FBI recently netted 16 individuals in a groundbreaking sting operation by creating a fake cryptocurrency to catch fraudsters involved in market manipulation. The US government unsealed charges in Boston, accusing leaders from four cryptocurrency firms and four financial service companies of orchestrating large-scale
The company asserts that the securities watchdog has no jurisdiction over cryptocurrencies Crypto.com has filed a lawsuit against the US Securities and Exchange Commission (SEC), challenging the agency’s authority over the cryptocurrency market. The legal action follows the platform’s receipt of a Wells notice from the SEC, indicating that the regulator believes tokens traded on
The company has lost its latest challenge in an ongoing fight against the US government The US Supreme Court has declined to hear a case concerning the ownership of 69,370 Bitcoin, worth approximately $4.3 billion, that was seized from the dark web marketplace Silk Road. Battle Born Investments, the company that sought to claim these
A proposal would drastically reduce block times and increase the blockchain’s capacity A new proposal could soon bring a major speed boost to the Ethereum blockchain, potentially increasing its efficiency by reducing block times. Ethereum Improvement Proposal (EIP) 7781, introduced by Ben Adams on October 5, suggests slashing block times from 12 seconds to 8
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