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The Wall Street Journal reports that President Donald Trump has allegedly prepared a draft executive order warning banking regulators and financial institutions that they could face disciplinary action if they discriminate against conservatives or crypto companies. An Alleged Executive Order Puts Banks on Notice Over Political, Crypto Bias A Wall Street Journal (WSJ) exclusive report … Read more
Coinbase has proclaimed that the Bank Secrecy Act, designed to safeguard the U.S. financial system from malicious actors, is flawed due to its implications for private data. Coinbase CLO Paul Grewal believes that ZKPs might be the answer to the act’s excessive data vulnerabilities. Coinbase Wants to Fix the US Bank Secrecy Act With Cryptocurrency … Read more
Procap was formed in June when it entered into a business combination with a Nasdaq special-purpose acquisition company (SPAC) called Columbus Circle Capital Corporation. Anthony Pompliano’s Procap Taps Bitwise Alum Jeff Park as New CIO Self-styled investor and crypto entrepreneur Anthony Pompliano pulled off a $750 million raise in late June for his new bitcoin … Read more
Companies like Coinbase and Paypal are taking advantage of the loopholes present in the stablecoin-focused GENIUS Act to offer “rewards” to depositors, even though it explicitly forbids issuers from distributing any form of interest or yield to holders. GENIUS Act Circumvented? Paypal, Coinbase Offering ‘Rewards’ to Stablecoin Holders Crypto companies are finding ways to circumvent … Read more
Bitcoin dropped to $112K amid a third consecutive Friday selloff, wiping out over $1 billion in leveraged longs and sparking broad crypto losses. Despite the correction, analysts view the move as a leverage flush rather than a trend reversal, with options positioning hinting at expectations for a rebound. Crypto Selloff: BTC Pullback Spurs ‘Buy the … Read more
Ethereum’s strategic reserves and ETF stashes are throwing some serious heft around the market right now. Data from strategicethreserve.xyz shows these reserves sitting on 2.96 million ETH—valued at roughly $10.8 billion—spread among 63 participants, locking away close to 2.45% of the entire supply. $10.8B in Ethereum Locked Away — Here’s Who Holds the Keys Loading … Read more
Alpen Labs launched its public testnet on Monday, advancing efforts to build a native financial system directly on the Bitcoin blockchain. Bitcoin ZK-Rollup Testnet Goes Live With EVM Compatibility According to the Alpen Labs release shared with Bitcoin.com News, the testnet allows developers to experiment with Bitcoin-based financial applications previously confined to centralized services or … Read more
Blockchain intelligence firm Arkham has revealed that the Chinese mining pool Lubian was the target of a sophisticated 2020 cyberattack in which hackers stole 127,426 bitcoin. A Timeline of the Attack Blockchain intelligence firm Arkham has said their on-chain analysis points to the Chinese mining pool Lubian as the victim of a sophisticated cyberattack in … Read more
A statue of Bitcoin creator Satoshi Nakamoto, located in Lugano, Switzerland, which was presumed stolen for little more than a day, was found on the shore of a nearby lake. The alleged theft even spurred a bounty hunt, with Satoshigallery offering 0.1 BTC to anyone providing directions to its whereabouts. Satoshi Nakamoto’s Statue Lost and … Read more
On Saturday, USA Today dropped a headline-grabbing article to its 5.1 million followers on X, declaring, “ XRP is the smartest cryptocurrency to buy with $500 right now.” The post quickly ignited chatter across social media, prompting a wave of hot takes from bitcoin die-hards and devoted XRP fans alike. Crypto Twitter Melts Down Over … Read more
