Category: crypto

Binance is facing a legal dispute after a 2022 incident led to the loss of significant user funds. The Florida appeals court has reinstated a lawsuit claiming Binance failed to freeze and recover stolen Bitcoin. The ruling allows the case to proceed in local courts, potentially impacting similar crypto lawsuits nationwide.

Citadel has urged the SEC to regulate DeFi like traditional finance, prompting Uniswap founder Hayden Adams to accuse the firm of attacking open finance. Adams criticized Citadel for lobbying the SEC to treat DeFi developers as intermediaries, arguing that this could lead to excessive regulation and hinder innovation in the industry.

Chorus One and Bitget have partnered to offer institutional-grade Monad staking to over 120 million users, with $6 million in assets staked within the first week. The collaboration targets secure crypto adoption in emerging markets, focusing on decentralization and security in Asia-Pacific and African regions.

Brian Armstrong and Larry Fink discuss Bitcoin, tokenization, regulation, and AI at the DealBook Summit, envisioning a future where crypto is integrated into the global financial system. They differ on whether Bitcoin is driven by hope or fear but agree that 2025 will be a critical year for U.S. crypto policy. The content discusses the…

U.S. Senator Cynthia Lummis posted a Bitcoin meme on social media, sparking speculation about the U.S. increasing its BTC reserves. The meme featured a cartoon turtle named Franklin buying Bitcoin. Lummis previously proposed a Strategic Bitcoin Reserve bill, and Trump issued an executive order on the matter. Market analysts see this as a sign of…

Connecticut has ordered Kalshi, Robinhood, and Crypto.com to stop offering sports-related event contracts, citing them as illegal online gambling. The companies argue that their markets are regulated by the CFTC, not considered gambling. This highlights a conflict between state gambling laws and platforms offering prediction-style contracts.

Ripple CEO Brad Garlinghouse predicts Bitcoin could reach $180,000 by 2026, attributing it to U.S. regulatory clarity and institutional investment from companies like BlackRock. He sees this as a long-term trend with growing real-world crypto adoption. Other industry experts at Binance Blockchain Week share his bullish outlook but note potential challenges.

A 21-year-old Ukrainian student in Vienna was brutally murdered after being beaten, forced to reveal his crypto wallet passwords, and burned in his car. Two suspects obtained access to his cryptocurrency accounts, emptied them, and fled to Ukraine with cash. The incident is part of a global surge in violent “wrench attacks” on cryptocurrency holders.

Former Citadel employees Ian Krotinsky and Aashiq Dheeraj raised $17 million for Fin, a stablecoin-based payments app facilitating instant cross-border transfers. The funding, led by Pantera Capital, will support a pilot program next month. Fin aims to challenge big banks with its user-friendly approach and lower fees using stablecoin technology.

Kremlin adviser Maxim Oreshkin suggests classifying Russia’s crypto mining as an export to account for the flow of mined digital assets abroad. Industry estimates show substantial production levels of Bitcoins, with daily income around 1 billion rubles. Legal mining regulations exist, but illegal operations and power theft are costing the state billions.