Author: James Wilson

Article written by James Wilson

The OCC’s new guidelines allow U.S. banks to offer crypto and stablecoin services

March 9, 2025 2 mins read

The Office of the Comptroller of the Currency (OCC) has introduced new guidelines that allow national banks and federal savings associations to offer cryptocurrency custody and stablecoin services without needing prior approval. This change is significant for the cryptocurrency industry as it eases previous restrictions and allows banks to incorporate digital assets more easily. The new directive, called Interpretive Letter 1183, enables banks to operate under existing banking laws without

Mt. Gox transfers 12,000 Bitcoin valued over $1 billion after months of silence

March 6, 2025 1 min read

A wallet linked to Mt. Gox, a now-defunct cryptocurrency exchange, recently transferred 12,000 Bitcoin, valued at over $1 billion, to an unknown address. This transfer occurred as Bitcoin’s price rose to around $90,000. Earlier, the same wallet moved 166,505 Bitcoin, worth about $15 million, to a cold wallet. These transactions ended a long period of inactivity, following a significant transfer of $172 million in Bitcoin last December. The wallet still

The SEC closes its investigation into Yuga Labs

March 4, 2025 1 min read

The SEC has finished its investigation into Yuga Labs. This investigation looked into whether the company’s Bored Ape Yacht Club (BAYC) NFTs and ApeCoin broke federal securities laws. The probe began in October 2022. It aimed to find out if Yuga Labs’ NFTs and ApeCoin should be considered securities under U.S. law. The SEC used the Howey Test for this. The Howey Test comes from a Supreme Court case from

The SEC decides to stop regulating meme coins

March 2, 2025 1 min read

The SEC has decided to stop regulating meme coins as securities, classifying them instead as collectibles. This is a major change in how U.S. regulators view meme coins. While the SEC will not enforce securities laws on these coins, other agencies like the CFTC may still act against fraud related to them. This decision could lead to more innovation in the meme coin market but raises concerns about potential scams.

The crypto community is divided as experts debate an Ethereum rollback after Bybit’s $1.4B hack

February 25, 2025 1 min read

The crypto community is divided over the idea of rolling back Ethereum’s blockchain after Bybit’s $1.4 billion hack. Some experts, like Arthur Hayes and Samson Mow, support the rollback. They argue that Ethereum set a precedent in 2016 by rolling back the DAO hack. They believe a similar action should be taken now to prevent the stolen funds from being misused. A blockchain rollback would reverse confirmed transactions and restore

Kanye West denies ties to YZY tokens and plans to launch his own crypto next week

February 24, 2025 1 min read

Kanye West, now called Ye, has denied any links to YZY tokens in the market. He claims he will launch his own cryptocurrency next week. This announcement is surprising since he previously dismissed digital assets. His statement has led to speculation about his true involvement in crypto. On February 22, Ye posted on X, stating that all current tokens using his name are unauthorized. He declared, “All current coins are

Reports suggest Kanye West sold his X account to Barkmeta for $17M ahead of a crypto launch

February 24, 2025 2 mins read

Kanye West may have sold his X account to Barkmeta for $17 million. This news has raised alarms in the crypto community. Analysts are worried about potential fraud due to Barkmeta’s past. Barkmeta is known for trading meme coins and has faced accusations of scams. In 2022, Barkmeta was involved in the POX token rug pull. The next year, he was linked to the DeFiApes NFT collection, which raised over

Bybit loses $5.2B after a $1.5B hack but secured $172.5M fast

February 23, 2025 1 min read

Bybit faced a major crisis after a $1.5 billion hack, which caused a $5.2 billion drop in reserves in just one day. Despite this setback, the exchange acted quickly. They secured $172.5 million in emergency loans and kept operations running without freezing withdrawals. DeFiLlama reported that Bybit’s reserves fell sharply as over 350,000 withdrawal requests came in. However, the exchange still holds more than $11.4 billion in assets. CEO Ben

Bybit exploited for $1.4 billion worth of ETH, CEO confirms

February 22, 2025 1 min read

Bybit, a cryptocurrency exchange, has experienced a significant hack. A hacker stole over $1.4 billion worth of Ethereum (ETH) and staked ETH. The CEO, Ben Zhou, confirmed the incident on X. He explained that the attacker exploited a vulnerability in the exchange’s ETH cold wallet. This hack is one of the largest in the crypto market. Following the news, several cryptocurrency prices dropped. Ethereum’s price lost some of its gains,

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