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522 articles
XRP Ledger’s New Upgrade Brings More Liquidity and Security
The XRP Ledger (XRPL) has taken a huge leap forward with its new AMMClawback feature. This upgrade isn’t just technical it’s a game-changer for how tokens are managed in its DeFi ecosystem. With 91.43% validator approval now token issuers can reclaim assets from liquidity pools under specific rules, adding a layer of security and compliance …
Mustafa Mulla·31 Jan 20251 min
Bitcoin Holds $105,000 Amid Weaker U.S. Q4 GDP Report
Bitcoin aimed to hold $105,000 when the U.S. Q4 GDP report came in lower than expected at 2.3%, missing the forecast of 2.5%. Analyst Michaël van de Poppe pointed out that the market quickly responded to the GDP result, with yields and the dollar falling, Ethereum rising sharply compared to Bitcoin, and altcoins seeing significant …
Nidhi Kolhapur·31 Jan 20251 min
Illinois Joins Growing List of States Proposing Bitcoin Reserve
Illinois has become the latest state to propose a Bitcoin reserve, joining a growing list of states advancing similar bills. State Representative John Cabello has introduced House Bill 1844 (HB1844) which would establish a Strategic Bitcoin Reserve Fund under the state treasury. If passed, the Illinois State Treasurer would manage the fund, and all Bitcoin …
Nidhi Kolhapur·30 Jan 20251 min
Former US Senator And Crypto Critic Bob Menendez Gets 11 Years In Prison for Bribery
Bob Menendez, a former U.S. Senator was sentenced to 11 years in prison on Wednesday on charges of bribery and acting as an agent for Egypt. Menendez was a Democrat from New Jersey known for criticizing crypto. He called bitcoin an “ideal choice for criminals” and opposed El Salvador’s decision to use BTC. Judge Sidney …
Nidhi Kolhapur·30 Jan 20251 min
Norway Reveals $500 Million Stake in MicroStrategy: MSTR Stock To Surge By 50%
Norway’s Central Bank has revealed it has been holding a $514 million stake in MicroStrategy. This move is fueling optimism, with some analysts predicting a potential 50% rally in the company’s stock. The focus on Bitcoin is seen as a key factor driving this long-term bullish outlook. Investors are now anticipating the stock could surpass …
Mustafa Mulla·30 Jan 20251 min
BKEX Exchange Declared an Illegal Gambling Platform by Chinese Court
A Chinese court has ruled that BKEX’s contract trading was illegal gambling, and its employees and agents were accomplices in operating an unlawful casino. The court detailed how BKEX founder Ji Jiaming, currently on the run, set up the exchange and launched perpetual contract trading, allowing users to bet with high leverage on crypto price …
Elena R·30 Jan 20251 min
Texas Man Sentenced to 2 Years for $4M Bitcoin Tax Fraud: A Landmark Case
Frank Richard Ahlgren III, a Texas resident, was sentenced to two years in prison and ordered to pay $1,095,031 in restitution for tax fraud linked to $4 million in Bitcoin sales. This marks the first cryptocurrency-only tax fraud case in U.S. history. Ahlgren used multiple wallets, face-to-face transactions, and mixers like CoinJoin and Wasabi Wallet …
Debashree Patra·30 Jan 20251 min
Gemini CEO Boycotts MIT Graduates Over Gensler Ties: What’s Behind the Controversy?
Gemini CEO Tyler Winklevoss announced that the exchange will not hire MIT graduates or interns until the university severs ties with former SEC Chair Gary Gensler. This decision stems from a long-standing dispute with the SEC, which fined Gemini $21 million over its Earn program. Gensler, who led aggressive crypto crackdowns, has returned to MIT …
Qadir AK·30 Jan 20251 min
Mad Money Host Jim Cramer Says Buy Bitcoin, But Avoid MicroStrategy
Jim Cramer, the host of CNBC’s Mad Money, recently advised investors to own Bitcoin (BTC) instead of its largest public holder, MicroStrategy. Responding to a caller, Cramer stated, “I own Bitcoin, and you should too. It’s a great asset for your portfolio.” However, he dismissed MicroStrategy without offering specific reasons. MicroStrategy currently holds over 417,107 …
Mustafa Mulla·28 Jan 20251 min