BTC

Indian officials seize $190M in assets amid BitConnect Ponzi scheme

February 17, 2025 1 min read

Indian officials have seized around $190 million, or approximately Rs 1,646 crore, during an investigation into the BitConnect cryptocurrency fraud. This investigation is led by the Enforcement Directorate (ED) in Ahmedabad. It is part of a broader inquiry into a global Ponzi scheme that collapsed in 2018. The ED announced that it began its investigation under the Prevention of Money-Laundering Act (PMLA). This inquiry is based on FIRs filed by

Senator Cynthia Lummis pushes for the Bitcoin Strategic Reserve

February 16, 2025 2 mins read

Senator Cynthia Lummis is a leading advocate for Bitcoin in the U.S., representing Wyoming. She promotes the integration of Bitcoin into national economic policy, notably through her Bitcoin Strategic Reserve initiative aimed at boosting financial stability. Recently, she became chair of the Senate Banking Subcommittee on Digital Assets, a crucial role for shaping Bitcoin regulations. At the upcoming Bitcoin 2025 event, Lummis will address Bitcoin’s significance in financial reserves and

HashFlare co-founders plead guilty to wire fraud conspiracy

February 14, 2025 1 min read

Sergei Potapenko and Ivan Turõgin have pleaded guilty to a wire fraud conspiracy. They avoided nearly 20 other charges in the process. Their case took an unexpected turn when prosecutors overestimated claims and lost credibility with a key witness. The two men have agreed to forfeit assets and help reimburse victims, but their sentencing is still uncertain. HashFlare was once a well-regarded cloud mining company. However, it fell apart in

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

BNB Chain reveals its 2025 roadmap

February 13, 2025 1 min read

BNB Chain has launched its 2025 Tech Roadmap, emphasizing artificial intelligence (AI). This blockchain network, developed by Binance, aims to improve transaction speed, scalability, and user experience. It has set high goals, such as reducing transaction latency to under one second and managing 100 million transactions each day. To reach these targets, BNB Chain plans to incorporate AI solutions in various areas. The roadmap includes updates for decentralized applications (dApps),

Japan’s FSA considers approving Bitcoin ETFs and cutting crypto taxes

February 11, 2025 2 mins read

Japan’s Financial Services Agency (FSA) is exploring the possibility of allowing Bitcoin exchange-traded funds (ETFs) and reducing taxes for crypto investors. If these changes are approved, they could help integrate cryptocurrencies into the traditional financial system, encouraging more people to invest and enhancing protections for investors. The FSA is currently in discussions with financial experts to see if existing regulations can adapt to the fast-changing crypto landscape. These discussions are

Strategy resumes Bitcoin purchases with a major acquisition

February 11, 2025 1 min read

Strategy, previously known as MicroStrategy, has made a notable Bitcoin purchase, acquiring thousands of BTC worth hundreds of millions. This is the company’s first major action since its rebranding, indicating a renewed focus on its long-term Bitcoin accumulation strategy. The recent acquisition is smaller than past purchases, but variations in acquisition sizes are typical for the company. Despite market uncertainties, Strategy continues to accumulate Bitcoin steadily, consistent with its history.

Tether CEO warns quantum computing could expose inactive Bitcoin wallets

February 10, 2025 2 mins read

Tether CEO Paolo Ardoino has reassured the crypto community that quantum computing is not an immediate threat to Bitcoin’s security. He acknowledged, however, that inactive Bitcoin wallets, including those belonging to Satoshi Nakamoto, could become vulnerable as quantum technology progresses. This statement comes after Google announced that commercial quantum computing applications might be available within five years. In a post on X, Ardoino emphasized that Bitcoin’s cryptographic security is currently

Hong Kong now accepts Bitcoin and Ethereum as proof of asset

February 10, 2025 1 min read

Hong Kong has taken a significant step by officially recognizing Bitcoin and Ethereum as valid proof of assets for investment immigration applications. This change signals the region’s growing acceptance of digital finance. Reports indicate that at least two applicants have successfully used their crypto holdings to meet the HK$30 million (approximately $3.8 million) requirement for investment immigration. This development shows Hong Kong’s increasing openness to cryptocurrencies within its financial and

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

FTX emails creditors under $50,000 about fund distributions

February 10, 2025 1 min read

FTX has begun notifying creditors with claims under $50,000 about their fund allocation. They have emailed these creditors to explain the next steps for receiving payments. Sunil, a representative for FTX creditors, shared this news on X. Payments will not come directly from FTX. Instead, creditors must sign up with BitGo or Kraken, which are the chosen distribution service providers. FTX has already sent the first batch of funds to