Category: crypto

The U.S. government has been granted permission to sell 69,370 BTC seized from the Silk Road marketplace, worth $6.5 billion, despite an upcoming administration change. Battle Born Investments lost a bid to delay the liquidation, with concerns about market volatility. The timing of the sale raises questions about government handling of digital assets.

Frank Richard Ahlgren III, an early Bitcoin adopter, has been ordered by a Texas court to surrender access to his crypto wallets in connection to tax evasion charges. He purchased and sold Bitcoin, falsified tax returns, and used various techniques to hide transactions. He pleaded guilty, received a prison sentence, and must pay restitution. The…

Fidelity Digital Assets’ report suggests that Bitcoin and other cryptocurrencies are entering a new era of widespread adoption, with signs of mass diffusion and adoption emerging. Nation-state and corporate adoption trends are on the rise, indicating a shift towards digital assets as strategic holdings. The report advises investors to focus on long-term implications of blockchain…

A collection of non-fungible tokens (NFTs) backed by President-elect Donald Trump has launched its first 160 items, called “Trump Bitcoin Digital Trading Cards,” on Bitcoin using the Ordinals protocol. Users who acquired the NFT cards from the “Mugshot Edition” can claim them through NFT marketplace Magic Eden. Trump has a track record with NFTs, having…

Terraform Labs co-founder Do Kwon is set to stand trial on Jan. 26, 2026, following his extradition to the US. Prosecutors allege Terraform’s ecosystem was built on deceptive practices, with Kwon misrepresenting the stability of TerraUSD. The case involves evidence from seized devices and could impact crypto classification under US law.

China’s new guidelines focus on using blockchain technology to enhance data security, transparency, and scalability. The plan includes creating trusted data spaces, data markets, and industry-specific platforms by 2029. The government will launch pilot projects between 2024-2026 to refine frameworks, leading to fully integrated national blockchain networks by 2028. Additionally, the guidelines emphasize the importance…

President-elect Donald Trump’s transition team is considering crypto-friendly candidates to chair the Commodity Futures Trading Commission (CFTC). Front-runners include Summer Mersinger and Brian Quintenz, both with extensive experience in crypto policy. The Trump administration aims to prioritize clarity and innovation in the US crypto industry, signaling a departure from previous regulatory approaches. Several other candidates…

Ripple’s CEO and Chief Legal Officer met with President-elect Trump at Mar-a-Lago, discussing Ripple’s US growth. Trump, once skeptical of Bitcoin, now supports a national Bitcoin reserve and has met with crypto figures. Ripple plans to expand its stablecoin RLUSD and push for a spot-based XRP ETF approval.

Bhutan’s Gelephu Mindfulness City (GMC) is incorporating Bitcoin, Ethereum, and BNB into its strategic reserves, making it one of the first SARs to do so. GMC focuses on high market cap and liquid assets for seamless trading. The city aims to strengthen economic resilience and is a hub for digital innovation and blockchain technology.

FTX creditor Lidia Favario has expressed concerns about excessive spending by bankruptcy managers overseeing the defunct exchange’s proceedings, citing extravagant expenses by law firms and financial advisory firms. Another creditor, Sunil Kavuri, warned about scam emails targeting FTX creditors, advising recipients to rely only on the official claims portal for updates.