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Crypto

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Monero Network Suffers 51% Attack Led by Qubic Mining Pool

Monero Network Suffers 51% Attack Led by Qubic Mining Pool

The Monero blockchain, known for its strong privacy features since launching in 2014, is facing a significant security challenge as the Qubic mining pool has executed a successful 51% attack. This development allows the attackers to control the majority of the network’s hashrate, giving them the power to reorganize

El Salvador Teases Launch of Worlds First Bitcoin Bank

El Salvador Teases Launch of Worlds First Bitcoin Bank

El Salvador has once again captured global attention, teasing the launch of the world’s first Bitcoin bank. Announced on August 8, 2025, by the nation’s Bitcoin Office via a cryptic post on X, the initiative hints at a financial institution that could reshape how Bitcoin integrates with traditional

Ethereum Surges Past $4,000 Driven by Institutional Inflows

Ethereum Surges Past $4,000 Driven by Institutional Inflows

Ethereum reached a significant milestone this morning by climbing above the $4,000 level for the first time since December 2024. This advance came as the crypto benefited from steady buying pressure from large investors. The price hit a high of $4,003.76 after breaking through the $3,940

Binance Partners with BBVA Bank to Add Cryptocurrency Custody Options

Binance Partners with BBVA Bank to Add Cryptocurrency Custody Options

Binance has joined forces with Spanish banking giant BBVA to offer customers a new way to store their digital assets outside the exchange. This partnership positions BBVA as one of a select few independent custodians for the world's largest crypto platform. The initiative aims to build greater trust

Trump Signs Executive Order to Allow Crypto in 401(k) Retirement Plans

Trump Signs Executive Order to Allow Crypto in 401(k) Retirement Plans

President Donald Trump signed an executive order on Thursday aimed at expanding investment options in 401(k) retirement plans to include cryptocurrency, private equity, and other alternative assets. This move seeks to unlock a portion of the approximately $12.5 trillion held in these accounts by directing key federal agencies

Tornado Cash Co-Founder Roman Storm Convicted on Unlicensed Money Transmitter Charge

Tornado Cash Co-Founder Roman Storm Convicted on Unlicensed Money Transmitter Charge

A Manhattan jury has delivered a mixed verdict in the high-profile case of Tornado Cash co-founder Roman Storm, finding him guilty of operating an unlicensed money transmitter after nearly four weeks of proceedings. The jury, however, could not reach a consensus on charges related to money laundering and U.S.

China Explores Stablecoins to Boost Renminbi While Balancing Control

China Explores Stablecoins to Boost Renminbi While Balancing Control

China is taking cautious steps toward launching its first stablecoins, aiming to elevate the renminbi’s global presence and challenge the dominance of the U.S. dollar. The move reflects Beijing’s ambition to leverage blockchain-based digital currencies to internationalize its currency, but concerns about capital flight and financial control

Litecoin’s Early Days Under Charlie Lee and Wash Trading Allegations

Litecoin’s Early Days Under Charlie Lee and Wash Trading Allegations

Litecoin (LTC), launched on October 7, 2011, by former Google engineer Charlie Lee, emerged as a prominent altcoin designed to complement Bitcoin. Forked from Bitcoin’s codebase, Litecoin aimed to address slower transaction times and mining centralization by introducing a 2.5-minute block time, an 84 million coin supply cap,

SEC Commissioner Hester Peirce Champions Financial Privacy and Crypto Self-Custody

SEC Commissioner Hester Peirce Champions Financial Privacy and Crypto Self-Custody

U.S. Securities and Exchange Commissioner Hester Peirce, delivered a compelling defense of financial privacy and cryptocurrency self-custody during a speech at the Science of Blockchain Conference on Monday. Addressing an audience of technologists and industry leaders, the Republican commissioner urged the government to prioritize individual privacy rights and embrace

White House Targets Banks with Executive Order on Alleged Crypto Discrimination

White House Targets Banks with Executive Order on Alleged Crypto Discrimination

The White House is poised to intensify scrutiny of major banks over claims of discriminatory practices against conservative groups and cryptocurrency companies. A draft executive order, reviewed by The Wall Street Journal, outlines a directive for bank regulators to probe potential violations of key financial laws, including the Equal Credit

Bullish Crypto Exchange Backed By Peter Thiel Files for $629 Million IPO

Bullish Crypto Exchange Backed By Peter Thiel Files for $629 Million IPO

Bullish, a cryptocurrency exchange platform backed by prominent investors including billionaire Peter Thiel, has announced plans to raise up to $629 million through an initial public offering (IPO), according to a filing with the U.S. Securities and Exchange Commission on August 4, 2025. The company intends to sell 20.

Bitcoin Mining in Texas: Balancing Economic Benefits and Community Challenges

Bitcoin Mining in Texas: Balancing Economic Benefits and Community Challenges

In the quiet town of Granbury, Texas, the hum of Bitcoin mining facilities has disrupted the lives of local residents, casting a spotlight on the darker side of the cryptocurrency boom. A recent video by More Perfect Union, a nonprofit newsroom, delves into the challenges faced by communities living near

Understanding Hated Rallies in Bitcoin, Crypto, and Stock Markets

Understanding Hated Rallies in Bitcoin, Crypto, and Stock Markets

Tom Lee, co-founder and Head of Research at Fundstrat Global Advisors, recently shared insights with CoinDesk on the phenomenon of "hated rallies" across Bitcoin, cryptocurrency, and stock markets. These rallies, characterized by significant market recoveries met with widespread skepticism, have become a recurring theme in recent years. Despite

Crypto Market Thrives in July 2025 with Bitcoin Leading and Altcoins Surging

Crypto Market Thrives in July 2025 with Bitcoin Leading and Altcoins Surging

The crypto market in July 2025 showcased significant growth, driven by strong institutional interest and evolving regulatory landscapes. Bitcoin maintained its position as the market leader, navigating consolidation phases with resilience, while altcoins like Ethereum, Solana, and XRP experienced notable sector-specific gains. Key events throughout the month shaped market dynamics,

Bitcoin Price Falls to $113,000 Amid Tariff Fears and Jobs Data

Bitcoin Price Falls to $113,000 Amid Tariff Fears and Jobs Data

The price of Bitcoin fell approximately 4.2% over a two-day period, sliding from the $118,000 range on July 31, 2025, to around $113,000 by August 2, 2025, as broader crypto market turbulence took hold. The total crypto market cap dropped from roughly $4 trillion to $3.66

Global Crypto Exchange Volume Soars to Record Highs in July 2025 Amid Market Rally

Global Crypto Exchange Volume Soars to Record Highs in July 2025 Amid Market Rally

The crypto market reached a fever pitch in July 2025, with global crypto exchange trading volume hitting its highest level since February. Over the past 24 hours, the top 50 exchanges recorded a staggering $114.84 billion in trading volume, underscoring the intense activity gripping the market. The top 10

Bitcoin Price Drops Down to $114K as Market Pressures Mount

Bitcoin Price Drops Down to $114K as Market Pressures Mount

Bitcoin faced a notable downturn on July 31, 2025, with its price sliding from an opening near $118,000 to a low of $114,000, as it slightly recovered to above $115K at the time of this writing. This decline represented a loss over 3%, reflecting wider economic shifts and

IMF Proposes Including Bitcoin and Crypto in National GDP Metrics

IMF Proposes Including Bitcoin and Crypto in National GDP Metrics

The International Monetary Fund, a key financial institution based in Washington, D.C., has released recommendations to modernize how countries measure their economies by incorporating the value of Bitcoin and other cryptocurrencies into national accounting frameworks. The proposed update to the System of National Accounts, a global standard for evaluating

Bolivia Partners with El Salvador to Expand Crypto Adoption

Bolivia Partners with El Salvador to Expand Crypto Adoption

Bolivia is rapidly emerging as a hub for cryptocurrency adoption, bolstered by a new international partnership with El Salvador. On Wednesday, the Central Bank of Bolivia (BCB) signed a memorandum of understanding with El Salvador’s Comisión Nacional de Activos Digitales (CNAD) to foster the growth of digital assets in

Kraken Targets IPO with $15 Billion Valuation and $500 Million Funding Round

Kraken Targets IPO with $15 Billion Valuation and $500 Million Funding Round

Cryptocurrency exchange Kraken is positioning itself for a significant move, aiming to raise $500 million in a funding round that would value the company at $15 billion, according to sources cited by The Information. This move comes as the 14-year-old exchange platform seeks to solidify its standing in the rapidly

Samourai Wallet Devs Plea Guilty in High Stakes Crypto Case

Samourai Wallet Devs Plea Guilty in High Stakes Crypto Case

A significant development has emerged in the legal saga surrounding Samourai Wallet, as co-founders Keonne Rodriguez and William Lonergan Hill have reportedly changed their pleas to guilty. This shift, revealed by crypto news outlet The Rage on July 29, 2025, marks a potential turning point in a case that has

Abra Crypto Lender Faces Withdrawal Pause, Sparking Customer Concerns Over $700 Million in Funds

Abra Crypto Lender Faces Withdrawal Pause, Sparking Customer Concerns Over $700 Million in Funds

Abra-cadabra, and just like that, the funds are gone! Crypto lender Abra, a platform managing over $700 million in assets, has halted withdrawals for many users, raising widespread alarm among its customer base. The pause, which began without a public announcement, has left dozens of international customers unable to access

Bitmain Plans First US Manufacturing Facility to Capitalize on Domestic Crypto Boom

Bitmain Plans First US Manufacturing Facility to Capitalize on Domestic Crypto Boom

Bitmain, a leader in Bitcoin and cryptocurrency mining hardware, is set to establish its first U.S. manufacturing facility, marking a significant step in aligning with America’s push for domestic production in strategic industries. The Beijing-based company plans to open a new headquarters and assembly line in either Texas

Qubic’s 51% Attack Threatens Monero’s Privacy and Decentralization

Qubic’s 51% Attack Threatens Monero’s Privacy and Decentralization

Monero, a cornerstone of privacy-focused cryptocurrencies, faces a novel and alarming challenge as Qubic, a mining pool spearheaded by Sergey Ivancheglo, launches what many in the crypto community describe as an economic attack. Unlike traditional attacks that exploit software vulnerabilities, this campaign leverages financial incentives to lure miners away from

Bitcoin Dominance Holds Strong at 58.79% Amid Altcoin Gains and Institutional Moves

Bitcoin Dominance Holds Strong at 58.79% Amid Altcoin Gains and Institutional Moves

Bitcoin continues to assert its authority over the crypto market, maintaining a dominance of 58.79% as of July 27, 2025, within a total crypto market cap of $3.98 trillion. This metric, which measures Bitcoin’s market cap relative to the broader market, serves as a critical gauge of