Stablecoin JPMorgan, Bank of America, Citigroup, Wells Fargo, Explore Issuing Joint Stablecoin In a move signaling the convergence of traditional finance and the rapidly evolving cryptocurrency landscape, some of the nation’s largest banks are in early discussions to collaborate on issuing a joint stablecoin. Industry banking giants such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are among those
Gemini Gemini Crypto Exchange Embraces Taproot Upgrade for Enhanced Bitcoin Transactions Gemini, a leading Bitcoin and cryptocurrency exchange, has announced full compatibility with the Taproot upgrade, enabling withdrawals to Taproot addresses for both Gemini Exchange and Gemini Custody users. This significant update, marked by a creative collaboration with mining company Mara to inscribe a pizza JPEG on the blockchain for Bitcoin
Regulations CFTC Signals Potential Legal Path for Crypto Perpetual Futures in US A recent statement from Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger has sparked optimism in the cryptocurrency industry, hinting at a possible legal framework for trading perpetual futures contracts in the United States. This development could mark a turning point for a financial product that has thrived in offshore
Sui Cetus Protocol Exploit Drains $223 Million from Sui Blockchain, Tokens Plunge On Thursday morning, the Sui blockchain ecosystem faced a significant setback as Cetus Protocol, a leading decentralized exchange (DEX) and liquidity provider, suffered a $223 million exploit. The incident triggered a sharp decline in several Sui based tokens on decentralized exchanges, with some assets losing over 90% of their value
Crime US Justice Department Seizes Domains Linked to LummaC2 Malware in Global Cybercrime Crackdown The U.S. Justice Department has taken decisive action against a major cybercrime tool, announcing the seizure of five internet domains connected to LummaC2, a notorious malware used to steal sensitive information from millions of victims worldwide. The operation, revealed on Wednesday, targets a sophisticated malware that has facilitated crimes
Bitcoin Bitcoin Pizza Day 2025 Celebrates Historic Milestone as Bitcoin Hits Record High On May 22, 2025, the Bitcoin community gathers to celebrate Bitcoin Pizza Day, a pivotal moment in the history of cryptocurrency. Fifteen years ago, on May 22, 2010, a Florida-based programmer named Laszlo Hanyecz made history by purchasing two pizzas for 10,000 BTC. At the time, the transaction
Bitcoin Why 50 Million Americans Are Choosing Bitcoin Over Gold In a striking shift in financial priorities, nearly 50 million Americans now own Bitcoin, surpassing the number of those holding gold. As of May 2025, approximately 49.6 million people in the United States, or about 14% of the population, have embraced the cryptocurrency, compared to 36.7 million who
Bitcoin Bitcoin Surges Past $110,000 as ETF Demand and Economic Shifts Drive Record Rally Bitcoin, the world’s leading cryptocurrency, broke new ground on Wednesday, climbing to an unprecedented $110,252 per coin. The milestone marks another chapter in Bitcoin’s remarkable ascent, fueled by robust institutional interest and favorable economic conditions. By 9:16 p.m., Bitcoin had touched a daily high of
Bitcoin Bitcoin Soars to Record All Time High of $109,540 as Regulatory Optimism Fuels Rally Bitcoin reached an unprecedented milestone on Thursday, climbing to a new all-time high of $109,540. This surge eclipsed its previous peak of $109,000 set in January, marking a significant moment for the world’s leading cryptocurrency. The rally, which has seen Bitcoin’s value increase by over
Crime American Tourist Has $123K in Bitcoin and XRP Stolen by Fake Uber in London An American tourist’s dream layover in London turned into a nightmare when he was allegedly drugged, abducted, and robbed of his life savings by a fake Uber driver, according to local reports. Jacob Irwin-Cline, a 30-year-old former software developer from Portland, Oregon, lost $123,000 in
Markets Bitcoin Surges to $107,000 as All-Time High is On The Horizon Bitcoin reached a significant milestone on Tuesday, climbing to $107,000 and positioning itself less than 2% shy of its all-time high of $108,786, recorded in January during President Trump’s inauguration. This marks the closest Bitcoin has come to its peak in four months, signaling a robust
Libra Argentina President Disbands LIBRA Memecoin Probe Unit After Judge Orders Bank Records Unsealed Argentina’s government has abruptly dissolved an investigative task force established to examine the controversial LIBRA memecoin scandal, which has implicated President Javier Milei and his sister, Karina Milei. The decision, announced in a statement signed by both the president and the justice minister, comes just days after a federal
Stablecoin French Bank's SG Forge to Launch Dollar-Backed Stablecoin on Ethereum SG Forge, the cryptocurrency and blockchain division of Société Générale, one of Europe’s largest financial institutions, is preparing to launch a dollar-backed stablecoin on the Ethereum blockchain, according to a report by The Big Whale. This strategic move positions Société Générale as the first global banking group to
Stablecoin Senate Advances GENIUS Act to Bolster Stablecoin Regulation and U.S. Dollar Dominance The U.S. Senate took a significant step toward regulating stablecoins on Monday, voting 66-32 to advance the Guiding and Establishing National Innovation for U.S. Stablecoins Act, known as the GENIUS Act. This bipartisan legislation, led by Republican Sen. Bill Hagerty, aims to modernize America’s payment system
Coinbase Justice Department Opens Investigation into Coinbase Data Breach Involving Employee Bribery The U.S. Justice Department has launched an investigation into a significant data breach at Coinbase, the largest cryptocurrency exchange in the United States, according to Bloomberg. The probe, which involves the department’s criminal division in Washington, is examining the circumstances of the breach, where hackers allegedly bribed employees
Solana Solana’s Alpenglow Upgrade Signals Major Leap in Blockchain Performance Anza, a developer studio, has introduced a transformative proposal for the Solana blockchain, unveiling what it describes as the most significant update to the network’s core protocol. Detailed in a newly released announcement, the Alpenglow upgrade aims to enhance Solana’s high-throughput Layer 1 blockchain by replacing its
Circle USDC Stablecoin Issuer Circle May Sell Company to Coinbase or Ripple Circle Internet Financial, the company behind the USDC stablecoin, has been navigating a pivotal moment in its trajectory. In early April, Circle filed paperwork to pursue a long-awaited initial public offering, signaling its intent to go public. However, recent developments suggest the IPO may not materialize as planned. According
Bitcoin Class Action Lawsuit Filed Against Michael Saylor's Strategy Over Bitcoin Investment Claims A class action lawsuit filed on May 16, 2025, in the U.S. District Court for the Eastern District of Virginia has targeted Michael Saylor’s Strategy, formerly MicroStrategy, and its top executives, alleging misleading statements about the company’s Bitcoin focused investment strategy. The legal action, led by plaintiff
El Salvador El Salvador’s Bitcoin Holdings Soar to $644 Million as Crypto Prices Surge El Salvador’s bold embrace of Bitcoin as a national asset continues to make waves, with the country’s sovereign holdings now valued at over $644 million. The Central American nation, led by President Nayib Bukele, has seen its Bitcoin stash grow by $137 million in just one month, driven
Ethereum Vitalik Buterin Proposes Ethereum Scaling Strategy to Boost Node Accessibility Ethereum co-founder, Vitalik Buterin, has outlined a series of updates to the ETH blockchain scaling roadmap, aiming to make running personal nodes more accessible while supporting the network’s growth. His proposal addresses a key challenge in Ethereum’s evolution: ensuring users can operate full nodes for trustless, private,
Markets Why Bitcoin Is Nearing All Time Highs and What’s Driving the Crypto Rally Bitcoin is currently trading at $105,819, hovering near its all time high and capturing the attention of investors. The overall crypto market is riding a wave of optimism, fueled by a combination of institutional enthusiasm and evolving regulatory frameworks. This surge reflects a maturing market, though it’s not
Regulations UK Introduces Strict Crypto Reporting Rules in 2026, Sparks Privacy Concerns Amid Regulatory Push The United Kingdom is gearing up to enforce stringent cryptocurrency reporting requirements starting January 1, 2026, a move that aligns with global efforts to regulate digital assets but raises questions about user privacy. Under these new rules, all crypto digital asset service providers, whether based in the UK or serving
This Week Crypto Market Rides Wave of Institutional Adoption and Regulatory Progress This past week in crypto, the market showcased a robust upward trend, fueled by significant institutional interest and promising regulatory developments. Bitcoin maintained its bullish momentum, flirting with new highs as institutional investors, including firms like Metaplanet and Strategy, aggressively accumulated BTC. Ethereum also gained traction, with its Pectra upgrade
Exchange Crypto Exchanges Binance and Kraken Thwart Sophisticated Hacking Attempts Crypto exchanges Binance and Kraken have successfully defended against sophisticated social engineering attacks similar to those recently disclosed by Coinbase, according to sources familiar with the incidents. These attacks, which targeted customer data, highlight the persistent cybersecurity challenges facing the crypto industry as cryptocurrency values surge. The attacks on Binance
Crypto How to Protect Your Crypto Investments from Scams The crypto space is dynamic and full of opportunities, but it’s also a breeding ground for scams that can drain your wallet and funds in a heartbeat. With new crypto projects and coins emerging all the time, and scammers getting more sophisticated, protecting your investments requires vigilance and a