Author: James Wilson

Article written by James Wilson

Pi Network faces criticism over scam claims

February 17, 2025 2 mins read

Pi Network is facing criticism as it approaches its Mainnet launch. Critics question its legitimacy, but analyst Kim Wong defends the project. He highlights its widespread adoption, decentralized blockchain, and compliance with Know Your Customer (KYC) regulations as signs of credibility. Despite his defense, concerns linger about its referral-based mining system, past data breaches, and potential legal issues. In a post on X (formerly Twitter), Wong emphasized the benefits of

Ethereum Foundation sends $120 million worth of ether to DeFi lending protocols

February 15, 2025 1 min read

The Ethereum Foundation has recently moved some of its ether holdings into decentralized finance (DeFi) protocols. This decision involves transferring a total of 30,800 ether, valued at $81.6 million, into Aave, which is the largest DeFi lending platform. From its multi-signature wallet, the foundation deposited 20,800 ETH, worth $55 million, into Aave’s core market. Additionally, 10,000 ETH, valued at $26 million, was placed in Aave Prime. Moreover, the foundation allocated

Twenty US states propose Bitcoin Reserves

February 14, 2025 1 min read

Twenty US states are considering Bitcoin Reserves, with some proposals already advancing. If these bills pass, they could require $23 billion in Bitcoin purchases, creating a strong demand. This situation might also encourage state pension funds to invest in Bitcoin, increasing supply pressure. Bitcoin is nearing a supply shock, and even a few successful bills could drive prices up significantly. The movement began after President Trump promised a national Bitcoin

Hackers takes over WLFI co-founder Zach Witkoff’s social media to push a fake BARRON meme coin

February 14, 2025 2 mins read

Hackers recently took control of Zach Witkoff’s social media account to promote a fake meme coin called BARRON. The post was quickly deleted by moderators, but the price of the token remained stable. This incident highlights the ongoing risks of scams in the cryptocurrency market. Political meme coin scams are on the rise. Scammers exploit inexperienced investors and use the names of well-known figures to promote their projects. Witkoff’s account

The University of Austin plans a $5M Bitcoin fund

February 10, 2025 2 mins read

The University of Austin is making a significant move by investing $5 million of its $200 million endowment fund into Bitcoin. This decision reflects a broader trend among U.S. universities that are starting to embrace crypto as a viable investment option. The University of Austin, which was established just a year ago, is the first in the nation to create a dedicated Bitcoin endowment fund. Chad Thevenot, the university’s senior

Arweave launches the mainnet of its computing platform

February 9, 2025 1 min read

Arweave has launched the mainnet of its computing platform, AO, after a year of testing. This launch allows the native tokens, previously given to AR holders and testnet users, to be transferred. AO is described as a “hyperparallel computer,” which means it can process tasks simultaneously in a distributed computing environment. The operations of AO rely on Arweave’s permanent data storage, ensuring that data remains unchanged and always accessible. Sam

Kaspersky Discovers SparkCat Malware Targeting Crypto Recovery Phrases

February 8, 2025 1 min read

Kaspersky has revealed a significant malware campaign named SparkCat. This malware secretly scanned users’ phone galleries for crypto recovery phrases hidden in screenshots. It was found in food delivery and AI chat apps, affecting around 242,000 users before being removed from app stores. Unlike typical scams that promise financial gain, SparkCat operated quietly. This secrecy makes it hard to measure its financial impact. Kaspersky, a respected cybersecurity firm, noted that

Cboe files a 19b-4 request with the SEC to approve Ethereum ETF options trading

February 7, 2025 2 mins read

Cboe files a 19b-4 request with the SEC to approve Ethereum ETF options trading Cboe has submitted a filing to the SEC to get approval for trading options on spot Ethereum ETFs. This includes popular funds like Bitwise and Grayscale’s Ethereum ETFs. The goal is to speed up the regulatory process for these options. The proposal states that Ethereum ETF options will follow the same rules as other fund share

The US CFTC to review prediction market rules

February 7, 2025 2 mins read

The US Commodity Futures Trading Commission (CFTC) is holding a public roundtable to discuss the regulation of prediction markets. This could affect platforms like Kalshi and Polymarket. The CFTC has recently sought public input on event contracts, indicating a change in its regulatory approach. Acting CFTC Chair Caroline D. Pham criticized the previous regulatory framework, calling it a “legal sinkhole” that hindered innovation in prediction markets. The roundtable will explore

Crypto inflows fell to $527 million as DeepSeek AI hype drained liquidity

February 5, 2025 2 mins read

Last week, crypto inflows dropped significantly to $527 million. This was a sharp decline from the nearly $2 billion seen in previous weeks. The drop was mainly due to the hype surrounding DeepSeek AI, which affected liquidity in both digital assets and stock markets. According to a recent CoinShares report, investor sentiment took a hit from DeepSeek’s rise. While there were still positive inflows in digital assets, they were much

Utah to become the first state in the US to establish a Bitcoin reserve

February 5, 2025 2 mins read

Utah is poised to become the first state in the U.S. to create a Bitcoin reserve. The state has a quick 45-day legislative calendar, which encourages lawmakers to act fast. This gives Utah an advantage over other states in adopting Bitcoin. Dennis Porter, CEO of the Satoshi Action Fund, believes Utah is leading in this effort. He highlights the state’s digital asset task force, which works year-round. This task force

Binance Pay partners with web3 payments provider xMoney

February 4, 2025 1 min read

Binance Pay, a payment solution from the well-known crypto exchange Binance, has partnered with xMoney, a web3 payments platform. This partnership aims to boost the use of cryptocurrency for payments across Europe. The announcement was made on February 3, 2025. Through this collaboration, Binance Pay will utilize xMoney’s regulatory approval as a licensed platform under the Markets in Crypto Assets (MiCA) framework. This will help bring crypto payment options to