BTC

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

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

US Senators investigate big tech crypto donations to Trump’s inauguration

January 22, 2025 1 min read

US Senators investigate big tech crypto donations to Trump’s inauguration US Senators Elizabeth Warren and Michael Bennett are investigating large donations from tech and crypto companies to Donald Trump’s inauguration fund. They suspect these contributions could sway regulatory decisions and provide special advantages for the new administration. OpenAI CEO Sam Altman is being scrutinized for donating $1 million to the fund. He clarified that this was a personal donation and

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

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

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

Wyoming lawmakers propose a bill to allow state funds to be invested in Bitcoin

January 19, 2025 1 min read

Wyoming lawmakers have proposed “House Bill 0201” (HB0201), allowing the state treasurer to invest up to 3% of certain state funds in Bitcoin. These funds include the general fund, permanent mineral trust fund, and permanent land fund. The bill permits investments through direct Bitcoin purchases or regulated Bitcoin exchange-traded products (ETPs) from registered investment companies. To maintain transparency, the state treasurer must provide annual reports on Bitcoin investments. These reports

The SEC charges DCG and Genesis executives for misleading investors

January 19, 2025 1 min read

The SEC has charged Digital Currency Group (DCG), its subsidiary Genesis Global Capital, and former Genesis CEO Soichiro “Michael” Moro for negligence and misleading investors about Genesis’s financial status. DCG, founded in 2015 by Barry Silbert, is a key player in the cryptocurrency industry, owning Grayscale Investments, the largest digital asset manager, and previously owning CoinDesk. Genesis, established in 2013, faced financial issues after the collapse of Three Arrows Capital

Nasdaq files to list Canary Capital’s Litecoin ETF

January 19, 2025 1 min read

The Nasdaq has filed form 19b-4 to trade Canary Capital’s Litecoin ETF, marking a significant step towards launching the first altcoin ETF in 2025. This follows Canary’s recent updates to its form S-1, which addressed SEC feedback, indicating that approval may be close. Analysts are hopeful about the SEC approving the fund. ETF expert Nate Geraci believes all necessary steps have been taken, while Eric Balchunas notes the SEC’s positive

Over $3 billion in Bitcoin and Ethereum options expire today

January 18, 2025 1 min read

Today, approximately $3 billion in Bitcoin (BTC) and Ethereum (ETH) options are expiring, generating notable activity in the cryptocurrency market. This event coincides with Donald Trump’s upcoming inauguration, adding to the excitement as Bitcoin exceeds the $100,000 milestone. Specifically, over 21,600 Bitcoin options contracts, valued at around $2.2 billion, are set to expire. The put-to-call ratio for Bitcoin stands at 0.94, indicating a positive outlook among traders who anticipate price

Oklahoma and Texas propose Bitcoin reserve bills

January 17, 2025 2 mins read

Lawmakers in Oklahoma and Texas are pushing forward with proposals to create Bitcoin reserves, reflecting the rising acceptance of Bitcoin (BTC) in public finance. This trend is part of a larger movement as various US states explore the integration of Bitcoin into their financial frameworks. In Texas, State Senator Charles Schwertner has introduced bill SB 778, which aims to designate Bitcoin as a reserve asset. This would enable the state

Burwick Law files a lawsuit against Pump.fun

January 17, 2025 1 min read

Burwick Law has initiated a lawsuit against Pump.fun, representing investors who claim to have lost money due to failed meme coins and alleged rug pulls on the platform. The law firm is encouraging affected users to join the case by filling out an intake form. Pump.fun, a notable meme coin launchpad on the Solana blockchain, faces accusations of financial misconduct and not fulfilling promises. Reports suggest that over 60% of