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The executive order creating the Office of Digital Assets and Blockchain Technology under the New York City government came three months before Eric Adams will leave office. New York City Mayor Eric Adams announced the establishment of a municipal digital assets and blockchain office in a bid to cement his crypto agenda in the final months of his term. In a Tuesday notice from the mayor’s office, Adams said he had used an executive order under his authority to create the Office of Digital Assets and Blockchain Technology. Moises Rendon, who has worked as a digital assets and blockchain policy adviser for New York City since April 2024, will head the newly established office. “Our city has always been the center of innovation, and we’re embracing the technologies of tomorrow today,” said Adams. “The age of digital assets is here, and with it comes the chance to grow our economy, attract world-class talent, expand opportunities for underbanked communities, and make government more user-friendly.” Read more
Tether’s $299.5 million Celsius settlement could ignite a debate over stablecoin accountability and the legal risks facing issuers in future crypto bankruptcies. Stablecoin issuer Tether has agreed to pay $299.5 million to the Celsius Network bankruptcy estate, resolving claims tied to the crypto lender’s 2022 collapse and potentially opening a new chapter in the debate over stablecoin liability. The Blockchain Recovery Investment Consortium (BRIC) — a joint venture between asset manager VanEck and GXD Labs, an affiliate of Atlas Grove Partners — announced the settlement on Tuesday. The recovery concludes a years-long dispute over Bitcoin (BTC) collateral transfers and liquidations that preceded Celsius’s high-profile bankruptcy in July 2022. BRIC was formed in early 2023 to help maximize creditor recoveries from bankrupt digital-asset platforms. It was appointed asset recovery manager and litigation administrator by the Celsius Debtors and the Unsecured Creditors’ Committee in January 2024, after the company...
The US government said it would pursue forfeiture of the Bitcoin holdings tied to a Cambodia-based company if the alleged ringleader were convicted. A US federal court has unsealed a criminal indictment involving a massive cryptocurrency fraud scheme that could result in the government increasing its national Bitcoin reserves by $14 billion. In a Tuesday notice from the US Justice Department, authorities said they had filed a forfeiture complaint against 127,271 Bitcoin (BTC), worth about $14.4 billion at the time of publication. The Bitcoin was tied to an indictment against Chen Zhi, founder and chair of a Cambodia-based company that was allegedly responsible for orchestrating “pig butchering” crypto investment schemes. The US Department of the Treasury’s Office of Foreign Assets Control sanctioned Zhi’s company, the Prince Holding Group, and its affiliates on the same day the indictment was unsealed. Read more
The rollout marks the second phase of Ethereum’s three-step roadmap, testing higher gas limits and the new PeerDAS data-sampling system. Ethereum’s Fusaka upgrade has been activated on the Sepolia testnet, marking the next major step in the network’s ongoing push to improve scalability and performance. The upgrade marks the second phase of a three-step rollout under Ethereum’s Fusaka roadmap, following the Holesky testnet activation on Oct. 1. The Sepolia deployment focuses on stress testing the network’s new data-availability system and higher block gas limit before developers push the code to the final Hoodi testnet later this month. Fusaka’s rollout is introducing a suite of performance and consensus improvements. The full upgrade aims to increase Ethereum’s block gas limit to 60 million, allowing blocks to process more transactions and complex smart-contract activity while testing whether nodes can maintain stability at higher capacity. Read more
Deep Bitcoin bids below $105,000 signal a market cleanup phase from last week’s historic liquidation event. After the dip-buying ends, will BTC reclaim $117,500? Key takeaways: Deep liquidity bids now cluster around $105,000-$100,000, signaling market stabilization. Over 90% of BTC supply remains profitable, confirming a leverage-driven, not panic, sell-off. Read more
BTC can drop to $74,000 in the worst-case scenario if the price fails to hold above the $110,000 support level, but is the top really in? Key takeaways: Bitcoin risks a correction toward $96,500–$100,000 if the $110,000 support fails. Onchain and technical patterns suggest a healthy mid-cycle reset, not a full trend reversal. Read more
Less than a week after reports of an agreement between the "Bitcoin Jesus" and US authorities, Roger Ver’s 2024 criminal tax case may be nearing an end. A California federal court is closer to dismissing the criminal indictment against Bitcoin advocate Roger Ver, known to many as “Bitcoin Jesus.” In a Tuesday filing in the US District Court for the Central District of California, the US government filed a proposed order for Judge Michael Fitzgerald to dismiss Ver’s indictment without prejudice. The government said it reached an agreement with Ver to pay $49.9 million and “all tax, penalties, and interest” on tax liabilities with the Internal Revenue Service (IRS) for his Bitcoin (BTC) holdings. Read more
Record inflows to BlackRock’s crypto ETFs cement the asset manager’s dominance as institutional investors pour billions into Bitcoin and Ethereum exposure. BlackRock’s iShares exchange-traded funds (ETFs) helped power the asset manager to a strong quarter of earnings and revenue, underscoring the continued momentum behind its crypto-related products as institutional demand accelerates. The iShares platform, which includes more than 1,400 ETFs globally, attracted a record $205 billion in total net inflows in the third quarter, according to the company’s quarterly financial statement. Those inflows fueled a 10% increase in organic base fee growth during the quarter and 8% growth over the past 12 months, Chairman and CEO Larry Fink said in a statement. Fink reiterated that BlackRock is “always preparing for the future,” highlighting ongoing offerings in emerging sectors such as technology, data analytics and digital assets. Read more
Bitcoin dropped back toward its lowest levels in several weeks after a rebound fizzled at $116,000, while an infamous whale stayed short BTC. Key points: Bitcoin gives up on its bull-market rebound as sellers stay firmly in control. The infamous Bitcoin whale, who shorted BTC last week, continues to add to its BTC price downside bet. Read more
Ether price could retest the $3,800 level, but traders said Ethereum's native token was preparing for a breakout to new highs, with $10,000 in sight. Key takeaways: Ether price dropped 8% to $3,940 on Tuesday, triggering $115 million in long ETH liquidations. A bull flag on the weekly chart suggests a $10,000 target, but bulls must hold $3,800 first. Read more
After BNB Chain’s X hack, meme token “4” surged from $3K to $2M following CZ’s mention. We break down the timeline and key risks. CZ’s mention turned meme token “4” into a trade; one early buyer saw $3,000 grow to $2 million. The trigger was the hack of BNB Chain’s X account, which spawned “4.” The surge came from flow hitting thin liquidity, not fundamentals. Read more
Bitcoin’s energy-based economic model is set to benefit from the fiat “debasement” needed to fund the global arms race for developing the most advanced AI models. Billionaire entrepreneur and Tesla CEO Elon Musk touted Bitcoin’s ability to protect investors from fiat money printing, which may increase due to what analysts call a forthcoming government-funded race to develop artificial intelligence. Musk has praised Bitcoin’s (BTC) energy-based proof-of-work model for its inflation-proof mechanism, which is immune to governmental fiat currency printing as it is “impossible to fake energy.” “That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy,” Musk wrote in a Tuesday X post. Read more
The crypto framework law in the Senate is now on pause as lawmakers debate possible new amendments. Senate Democrats submitted a counterproposal to the crypto framework bill last week. Industry advocates are concerned that this will stall progress on the legal clarity for the blockchain industry. The proposal, which has not yet been released publicly, would reportedly impose a number of rules for decentralized finance (DeFi) protocols. Among these is a supposed “restricted list” for DeFi protocols deemed too risky. Industry commenters are concerned that the measures are made in bad faith. Digital Chamber vice president of policy and government affairs Zunera Mazhar said that the law gives “sweeping authority, narrowly defines decentralization, and treats front ends like financial intermediaries.” Read more
DeFi protocols depend on a handful of oracle networks for critical pricing data, creating centralization risks that undermine decentralization promises. Opinion by: Will Fey, Co-Founder and Smart Contract Developer at Ammalgam We talk about oracles like they’re plumbing: an invisible utility that keeps prices flowing into protocols. Oracles are not neutral infrastructure. They’re dependencies. Over time, they’ve become political ones. DeFi is built on a promise: permissionless markets, composable systems and minimized trust. Read more
Learn how DCA works in crypto: when to use it, key risks, fees, El Salvador’s example and how it compares to lump-sum investing and other strategies. DCA is a trading strategy that uses automated, small, regular buys to stay invested without trying to time every move. There’s a clear precedent for scalability: El Salvador has been publicly DCA’ing 1 BTC per day since Nov. 17, 2022. However, lump-sum investing often wins in uptrends — historically outperforming DCA about two-thirds of the time. Read more
Researchers have uncovered a new Android vulnerability that allows malicious apps to reconstruct on-screen content, such as recovery phrases and two-factor authentication codes. A newly discovered Android vulnerability enables malicious applications to access content displayed by other apps, potentially compromising crypto wallet recovery phrases, two-factor authentication (2FA) codes and more. According to a recent research paper, the “Pixnapping” attack “bypasses all browser mitigations and can even steal secrets from non-browser apps.” This is possible by leveraging Android application programming interfaces (API) to calculate the content of a specific pixel displayed by a different application. This is not as simple as the malicious application requesting and accessing the display content of another application. Instead, it layers a stack of attacker-controlled, semi-transparent activities to mask all but a chosen pixel, then manipulates that pixel so its color dominates the frame. Read more
Jake Adelstein’s The Devil Takes Bitcoin delves into the wild history of Silk Road and the Mt. Gox collapse and the hunt for the real hacker. If youve ever seen Jake Adelsteins prior work, such as The Last Yakuza or watched the HBO drama Tokyo Vice, you might expect his latest book, The Devil Takes Bitcoin, to be a gritty expos of Bitcoins criminal underbelly. And youd be mostly right. Adelstein delivers a captivating memoir centered on the fall of the largest Bitcoin exchange in the world, Mt. Gox, and the crackdown on the darknet marketplace Silk Road showing what happens when good intentions, money and a flawed justice system collide. But its the message that sets it apart. Adelstein argues its this tragicomic series of events that ultimately propelled Bitcoin to where it is today similar to how the porn industry secretly drove the rise of the internet. Read more
Jake Adelstein’s The Devil Takes Bitcoin delves into the wild history of Silk Road and the Mt. Gox collapse and the hunt for the real hacker. If youve ever seen Jake Adelsteins prior work, such as The Last Yakuza or watched the HBO drama Tokyo Vice, you might expect his latest book, The Devil Takes Bitcoin, to be a gritty expos of Bitcoins criminal underbelly. And youd be mostly right. Adelstein delivers a captivating memoir centered on the fall of the largest Bitcoin exchange in the world, Mt. Gox, and the crackdown on the darknet marketplace Silk Road showing what happens when good intentions, money and a flawed justice system collide. But its the message that sets it apart. Adelstein argues its this tragicomic series of events that ultimately propelled Bitcoin to where it is today similar to how the porn industry secretly drove the rise of the internet. Read more
Jake Adelstein’s The Devil Takes Bitcoin delves into the wild history of Silk Road and the Mt. Gox collapse and the hunt for the real hacker. If youve ever seen Jake Adelsteins prior work, such as The Last Yakuza or watched the HBO drama Tokyo Vice, you might expect his latest book, The Devil Takes Bitcoin, to be a gritty expos of Bitcoins criminal underbelly. And youd be mostly right. Adelstein delivers a captivating memoir centered on the fall of the largest Bitcoin exchange in the world, Mt. Gox, and the crackdown on the darknet marketplace Silk Road showing what happens when good intentions, money and a flawed justice system collide. But its the message that sets it apart. Adelstein argues its this tragicomic series of events that ultimately propelled Bitcoin to where it is today similar to how the porn industry secretly drove the rise of the internet. Read more
Jake Adelstein’s The Devil Takes Bitcoin delves into the wild history of Silk Road and the Mt. Gox collapse and the hunt for the real hacker. If youve ever seen Jake Adelsteins prior work, such as The Last Yakuza or watched the HBO drama Tokyo Vice, you might expect his latest book, The Devil Takes Bitcoin, to be a gritty expos of Bitcoins criminal underbelly. And youd be mostly right. Adelstein delivers a captivating memoir centered on the fall of the largest Bitcoin exchange in the world, Mt. Gox, and the crackdown on the darknet marketplace Silk Road showing what happens when good intentions, money and a flawed justice system collide. But its the message that sets it apart. Adelstein argues its this tragicomic series of events that ultimately propelled Bitcoin to where it is today similar to how the porn industry secretly drove the rise of the internet. Read more5759 items