Category: crypto

Authorities in Paraguay deported three and arrested one in connection with an attempted robbery at a crypto mining operation. The group, consisting of Chinese nationals, targeted computer servers and lacked legal authorization to be in the country. Investigators believe they were part of a larger criminal group targeting electronic equipment. The employer of the individuals…

An Argentine judge has frozen assets linked to the LIBRA memecoin project amid allegations of fraud. The investigation focuses on President Javier Milei and his sister, with suspicions of market manipulation and insider profiteering. The project collapsed after Milei promoted it on social media, leading to calls for an independent inquiry.

Singapore-based Basel Medical Group (BMGL) plans to acquire $1 billion worth of Bitcoin to strengthen its balance sheet and expand across Asian markets. The acquisition will be through a share-swap arrangement with investors. Despite the announcement, the company’s stock price initially fell sharply before recovering, contrasting with recent market reactions to Bitcoin strategies.

Moody’s downgraded the US credit rating from Aaa to Aa1 due to rising debt levels and lack of deficit controls. Bitcoin maintained its value above $100,000 amidst market uncertainty, suggesting it is seen as a hedge against fiscal instability. The crypto market is valued at $3.28 trillion with Bitcoin dominance at 62.50%.

Bitcoin-native DeFi protocol Liquidium has introduced a new staking model tied to platform revenue, leading to a 73.3% increase in its token price. The staking mechanism allows users to earn rewards in sLIQ tokens. The protocol also rebranded to LiquidiumWTF to embrace Bitcoin’s experimental frontiers and will launch a new product soon.

Poof is a new open beta app built on Solana that transforms simple prompts into fully functioning on-chain applications in minutes, using AI and Solana’s infrastructure. It aims to make blockchain development accessible to anyone, offering apps like Tipchat and Flappy Bird Clone. However, there are still questions and risks to consider.

The US Senate is set to vote on an updated version of the GENIUS Act, a stablecoin-focused bill that addresses concerns raised by Democratic lawmakers. Key amendments aim to tighten regulatory controls and reinforce national security protections, while also preventing non-financial companies from issuing stablecoins without meeting strict conditions. Crypto industry advocates are mobilizing to…

Ethereum’s Pectra upgrade has led to a surge in smart account usage, with over 26,000 wallets transitioning to the new format powered by EIP-7702. This new standard allows regular Ethereum wallets to operate like smart contracts, offering features such as automated spending and multi-step actions. Smart accounts are gaining traction on layer-2 networks like Base…

World Liberty Financial, owned by the Trump family, approved a community proposal to airdrop its USD1 stablecoin to eligible token holders. The governance vote received near-unanimous support, with whales dominating voting power. The project has faced criticism for its political connections and investor profile, with concerns about potential risks to the US financial system.

The SEC issued new guidance on digital assets, clarifying securities laws for broker-dealers and transfer agents. Chainlink praised the update, highlighting benefits for financial institutions. Closed-door meetings between Chainlink and the SEC helped shape the guidance. The update allows for core fund operations on-chain and positions Chainlink as a key player in compliant on-chain finance.