News

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

Senator Ted Cruz plans to challenge IRS crypto tax rules

January 22, 2025 1 min read

Texas Senator Ted Cruz is opposing new IRS crypto tax rules, which have been welcomed by the crypto community. He plans to use the Congressional Review Act (CRA) to challenge a regulation that requires crypto brokers to report extensive income from digital assets. Critics believe this rule misinterprets the term “broker” and does not consider the decentralized nature of blockchain technology. The IRS rule was part of the 2021 infrastructure

Trump’s World Liberty Financial sees a surge in token sales

January 21, 2025 2 mins read

World Liberty Financial (WLF) is a decentralized finance project associated with Donald Trump. Recently, it experienced a spike in token sales, selling 20% of its token supply and planning to release an additional 5% due to high demand. This surge in interest follows the launch of meme coins by Donald and Melania Trump. Melania introduced her coin, MELANIA, shortly after Donald launched his TRUMP token. These new coins have generated

Qubetics dVPN Surges to the Top, Theta Disrupts Content Platforms, and Cardano Leads dApp Development: Best Cryptos to Buy for 2025

January 20, 2025 5 mins read

Ever wondered which cryptos could give you the perfect mix of short-term gains and long-term potential? Imagine being part of a blockchain revolution that not only rewrites internet privacy but also reshapes the way we stream content and build decentralised applications. If you’re looking to ride the next big crypto wave, Qubetics, Theta, and Cardano should be on your radar. Theta is disrupting the content streaming industry, turning viewers into

Bitcoin hits record high of $110,000 ahead of Trump’s inauguration

January 20, 2025 1 min read

Bitcoin reached a new all-time high of $110,000, driven by positive sentiment surrounding pro-crypto U.S. President-elect Donald Trump. This surge occurred just before his inauguration, with Bitcoin rising 3.8% in 24 hours. Currently, it trades at $108,797. Ether also saw gains, climbing 4.7% to $3,431, while Solana and Dogecoin experienced declines. The price increase in Bitcoin reflects expectations for more favorable crypto policies in the U.S. Ben El-Baz from HashKey

Trump-backed World Liberty Financial sells 20% of its token supply

January 20, 2025 1 min read

World Liberty Financial, a DeFi project linked to President-elect Donald Trump, experienced a significant increase in governance token sales after Trump and Melania Trump introduced their memecoins. The project announced on X that it has successfully sold 20 billion tokens, which is 20% of its total supply of 100 billion tokens. Due to high demand, an additional 5 billion tokens (5% of the supply) are now available for sale. As

BTC has pulls back to $100K as Melania Trump launched her own memecoin

January 20, 2025 1 min read

Bitcoin (BTC) faced losses during Monday’s morning trading in Asia, dropping 4.5% to briefly fall below $100,000. Other cryptocurrencies like ETH, XRP, SOL, and BNB experienced even larger declines, with ADA and DOGE losing over 10%, according to CoinMarketCap. The recent trading frenzy was sparked by two new memecoins: TRUMP and MELANIA. TRUMP, linked to President-elect Donald Trump, saw a significant drop of 30% to $49 after its launch on

Solana’s TVL Hits $10B

January 20, 2025 1 min read

Donald Trump’s official memecoin has sparked significant interest in Solana (SOL), resulting in a notable increase in its price and trading volume. Following the announcement, SOL’s value surged over 23%, reaching a new all-time high. The total dollar value locked (TVL) on the Solana network has also risen, surpassing $12 billion, marking a significant recovery since the FTX collapse. The value locked in SOL has been steadily increasing, recently exceeding

Gary Gensler steps down on January 20, 2025

January 20, 2025 2 mins read

Gary Gensler will resign as Chairman of the U.S. Securities and Exchange Commission (SEC) on January 20, 2025. His departure is anticipated due to Donald Trump’s election victory, which may shift regulatory expectations. Trump has nominated Paul Atkins for the position, but Senate voting will confirm the new chair. Gensler’s resignation has sparked discussions in the crypto community, particularly among XRP holders. His strict regulatory stance significantly affected XRP’s price,

Italian lawmaker urges banking foundations in Italy to invest in Bitcoin

January 20, 2025 1 min read

An Italian lawmaker, Marcello Coppo, advocates for banking foundations in Italy to invest in Bitcoin. He believes that such investments could enhance support for the cryptocurrency in the country. Despite this push, Coppo does not expect Italy to create a strategic Bitcoin reserve shortly, especially as the U.S. is making significant progress in this area. In a recent interview with Criptovaluta, Coppo suggested that banking foundations allocate a small percentage