News

Ledger co-founder was rescued after being kidnapped in France

5 hours ago 2 mins read

David Balland, a co-founder of Ledger, a cryptocurrency company, was recently freed after being kidnapped in central France. He and his wife were taken from their home in the Cher region early Tuesday morning. The kidnappers demanded a large ransom in cryptocurrency from another Ledger co-founder. French national police and the elite GIGN unit negotiated with the assailants. Eventually, authorities located Balland and arrested several suspects. His wife was found

Vitalik Buterin warns against TRUMP and political meme coins

8 hours ago 1 min read

Vitalik Buterin, co-founder of Ethereum, has raised concerns about political meme coins like TRUMP, highlighting their potential for scams and political corruption in the crypto space. In a recent social media post, he warned that these coins have evolved from mere entertainment to tools for political bribery and manipulation. Buterin noted that the rise of institutional acceptance in crypto has allowed malicious actors to exploit the system. He specifically criticized

Elizabeth Warren urges federal scrutiny of TRUMP and MELANIA coins

9 hours ago 1 min read

Senator Elizabeth Warren and Representative Jake Auchincloss are urging U.S. regulators to investigate the TRUMP and MELANIA meme coins created by Donald and Melania Trump. They expressed concerns about foreign influence, market manipulation, and risks for investors associated with these digital currencies. The TRUMP coin experienced significant price fluctuations, rising from under $10 to $75 before dropping to $32.44. The MELANIA coin also showed extreme volatility, making it a risky

Ethereum’s Etherealize aims to connect blockchain with traditional finance

16 hours ago 2 mins read

Ethereum has introduced a new initiative called Etherealize, led by Vivek Raman, to integrate traditional financial institutions into the blockchain world. This program aims to create tools that make it easier for banks and financial firms to adopt Ethereum, which is the second-largest blockchain. The initiative has the support of Ethereum co-founder Vitalik Buterin and the Ethereum Foundation. Etherealize serves as a link between traditional finance (TradFi) and blockchain technology.

Donald Trump faces scrutiny as US Rep. Connolly calls for an ethics probe into his crypto tie

20 hours ago 2 mins read

Donald Trump’s activities in the cryptocurrency sector have raised concerns, prompting US Representative Gerald Connolly to call for an ethics investigation. The focus is on potential conflicts of interest and transparency issues linked to Trump’s financial connections, particularly with the crypto project World Liberty Financial (WLF) and the “TRUMP” meme coin. Connolly has reached out to the House Oversight and Government Reform Committee, asking for an inquiry into whether Trump’s

Crypto leaders celebrate regulatory shifts

January 23, 2025 2 mins read

The recent Crypto Inaugural Ball in Washington, D.C., marked a positive shift in the crypto industry’s sentiment. Industry leaders have faced challenges over the past four years due to unclear regulations and a lack of collaboration from the previous administration. With new pro-crypto appointments, such as David Sacks as the “crypto czar,” there is renewed optimism. The focus now is on establishing clear and lasting legislation to prevent crypto from

Virtune debuts Finland’s first crypto ETPs on Nasdaq Helsinki

January 23, 2025 2 mins read

Virtune, a Swedish-regulated crypto asset manager, has launched Finland’s first crypto exchange-traded products (ETPs) on Nasdaq Helsinki. This milestone allows Finnish investors to securely invest in cryptocurrency, denominated in euros, enhancing the region’s financial market. The introduction of crypto into Finland’s €20.5 billion ETP market is a significant development. The ETPs are fully collateralized and physically backed, with liquidity support from Flow Traders to ensure stable trading volumes and narrow

Utah introduces a bill allowing public fund investments in crypto

January 23, 2025 2 mins read

Utah has proposed a new bill, the Blockchain and Digital Innovation Amendments (H.B. 230), which could allow the state treasurer to invest public funds in digital assets such as cryptocurrencies, stablecoins, and NFTs. Introduced by State Representative Jordan Teuscher, the bill aims to create a clear framework for these investments while ensuring regulatory oversight and financial responsibility. The proposal allows for up to 10% of public funds to be invested

UAE firm CLS Global admits to wash trading on Uniswap

January 23, 2025 2 mins read

CLS Global, a financial services firm in the crypto industry, has confessed to fraudulent market manipulation through wash trading on Uniswap. The company used automated self-dealing to create fake trading volumes, misleading investors about market activity. Based in the United Arab Emirates, CLS Global will pay $428,059 in fines and asset seizures, plead guilty to market manipulation charges, and exit the U.S. crypto markets permanently. The U.S. Attorney’s Office in

Blockchain investigator ZachXBT helped recover $20M in stolen crypto for the U.S. gov

January 23, 2025 2 mins read

ZachXBT, a well-known blockchain investigator, recently shared that he helped the U.S. government recover $20 million stolen in a hack but received no financial reward for his efforts. He discussed his commitment to the crypto industry on X (formerly Twitter), highlighting the minimal financial returns for his investigative work. ZachXBT mentioned that despite his significant contributions, he often remains uncompensated. He has played a crucial role in exposing scams and

Ethereum Foundation may start staking its ETH reserves to fund operations

January 22, 2025 2 mins read

The Ethereum Foundation is considering staking its ETH reserves to cover operational costs. Co-founder Vitalik Buterin shared insights on this potential decision, noting past hesitations and ongoing challenges. Historically, the Foundation avoided staking due to regulatory risks and concerns about maintaining neutrality during hard forks. Buterin mentioned that regulatory concerns have lessened over time, but the neutrality issue remains. If the Foundation stakes ETH, it might have to take sides

Trump’s inaugural priorities omit crypto, raising doubts

January 22, 2025 2 mins read

President Trump’s recent list of legislative priorities did not include cryptocurrency, raising concerns among crypto advocates. Despite his previous support for the industry, this omission has led to uncertainty about his commitment to crypto policies. During his campaign, Trump showed enthusiasm for the crypto community. He endorsed the industry at a conference in Nashville and even created a Solana-based meme coin. Additionally, he hosted a “Crypto Ball” event that attracted