Author: James Wilson

Article written by James Wilson

A UK court denies James Howells’ bid to recover a $770M Bitcoin-filled hard drive

January 11, 2025 1 min read

A UK court has ruled against James Howells, a Welsh IT engineer, in his attempt to recover a hard drive containing 8,000 Bitcoin from a Newport landfill. The court dismissed the case due to high costs and environmental risks associated with excavation. As a result, Howells cannot retrieve Bitcoin now valued at over $770 million. Howells lost the hard drive in 2013 when his partner accidentally threw it away. The

Ripple president says XRP ETF could soon be a reality

January 8, 2025 1 min read

An XRP exchange-traded fund (ETF) may soon be approved, according to Ripple President Monica Long in a recent Bloomberg interview. She expressed optimism about the future of crypto regulations in the U.S., suggesting that XRP could be next in line for an ETF after Bitcoin and Ether. Long believes that with the change in administration, the approval process for crypto filings will speed up. Ripple is also launching its new

Popular crypto wallet Phantom dismisses speculation about a potential token launch

January 6, 2025 1 min read

Phantom, a popular cryptocurrency wallet, recently announced the successful reception of its new social features, which were launched in December. These tools enable users to create profiles, connect with friends, and customize privacy settings, including options for public, private, or invisible profiles. Currently, these features are available only on the mobile app, but Phantom has indicated that support for its Chrome extension is forthcoming. The introduction of follower and friend

Solana Winternitz Vault generates new cryptographic keys for each transaction

January 5, 2025 1 min read

The Solana Winternitz Vault is a groundbreaking solution developed by Solana to mitigate the risks posed by quantum computing to blockchain security. Utilizing a hash-based signature system, this vault generates new cryptographic keys for each transaction, enhancing the safety of users’ funds against potential quantum attacks. Traditional security measures, such as the Elliptic Curve Digital Signature Algorithm (ECDSA), may become vulnerable as quantum computers advance, capable of executing complex calculations

Vitalik Buterin urged Elon Musk to moderate his tone and approach on X amid debates over free speech

January 2, 2025 1 min read

Ethereum co-founder Vitalik Buterin has recently taken a prominent stance in two significant debates within the cryptocurrency and tech sectors. He has called on Elon Musk to adopt a more measured tone regarding free speech and immigration discussions on X, particularly in light of Musk’s controversial defense of H1B visa policies. Musk’s remarks supporting foreign tech workers have drawn criticism from conservatives, who argue that such policies disadvantage native workers.

The IRS offers temporary tax relief for CeFi crypto users in 2025

January 2, 2025 1 min read

In a significant move to alleviate the tax burden on cryptocurrency holders using centralized exchanges (CeFi), the IRS has announced a temporary measure for the year 2025. From January 1 to December 31, taxpayers will have the option to utilize personal records or crypto tax software to select specific asset units for tax purposes, diverging from the traditional First-In, First-Out (FIFO) method. This change is particularly beneficial during bull markets,

MicroStrategy purchases 2,138 BTC for $209M

December 31, 2024 1 min read

Bitcoin’s recent price drop has raised worries for investors about the future of the cryptocurrency market, especially since altcoins usually follow Bitcoin’s lead. Even with this decline, Matrixport has pointed out past trends and other elements that could suggest Bitcoin might bounce back next year. MicroStrategy, a well-known software company, has boosted its Bitcoin holdings to 446,400 BTC after buying 2,138 BTC for $209 million at an average price of

El Salvador’s Bitcoin reserve surpasses 6,000 BTC, valued at $569 million

December 29, 2024 1 min read

El Salvador has achieved a significant milestone by exceeding 6,000 Bitcoin (BTC) in its national reserves. The latest addition on December 29 brought the total to 6,000.77 BTC, worth around $569.3 million. The country’s Bitcoin investments grew by 108.02%, with an average purchase price of $45,450 per coin. The initiative started in September 2021 when President Nayib Bukele announced Bitcoin as legal tender and made the first purchase of 200

The SEC may shift away from heavy enforcement actions on crypto next year

December 28, 2024 1 min read

The U.S. Securities and Exchange Commission (SEC) is about to go through some changes in the next year, working with fewer commissioners until the Senate approves President-elect Donald Trump’s nominees. After SEC Chair Gary Gensler left, Republican commissioners Hester Peirce and Mark Uyeda will stay, which might change how the agency regulates the cryptocurrency sector. In her speech at the Blockchain Association Policy Summit, Peirce pointed out the different regulatory

MicroStrategy plans to issue more shares to fund its $42 billion Bitcoin acquisition strategy

December 26, 2024 1 min read

MicroStrategy plans to increase its share issuance to boost its Bitcoin purchases, aiming for $42 billion in Bitcoin through equity and debt financing. MicroStrategy’s stock has jumped almost 420% in 2024, similar to how well Bitcoin is doing. A special shareholder meeting is set to approve changes to the company’s equity issuance policy for this plan. MicroStrategy plans to increase its authorized Class A common stock from 330 million to

Hyperliquid denies any breach by North Korea’s Lazarus Group

December 25, 2024 1 min read

Hyperliquid has denied claims of a security breach linked to North Korea’s Lazarus Group, even though there is blockchain evidence showing unusual activity on its platform. On December 23, wallet addresses tied to Lazarus reportedly made large deposits and withdrawals of Ethereum (ETH), raising concerns among security experts. Taylor Monahan, a security expert from MetaMask, highlighted weaknesses in Hyperliquid’s system that could be taken advantage of without needing to access

Cardano founder Charles Hoskinson seeks bipartisan support for crypto regulations

December 24, 2024 1 min read

Charles Hoskinson, who started Cardano, is looking for support from both parties for cryptocurrency rules by talking with Democratic senators, especially Senator John Fetterman. His plan is to make rules that match the fast changes in digital assets and encourage teamwork among political parties. Hoskinson believes that crypto goes beyond political divisions, highlighting the need for lawmakers from all parties to come together and look into the advantages that cryptocurrencies