Bitcoin Ponzi Promoter Gets 6-Year Sentence
Magdaleno Mendoza sentenced to 71 months for IcomTech crypto Ponzi scheme, ordered to pay $789K restitution and forfeit $1.5M in assets. #Breaking #Legal
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Solana, Aptos Fortify Against Quantum Threats
Solana Foundation partners with Project Eleven to test quantum-resistant cryptography on Solana’s testnet amid growing concerns over quantum computing threats. #Update #Crypto $SOL
Bitcoin Frustration Charles Hoskinson Criticizes Trump
Charles Hoskinson criticizes Donald Trump’s crypto ventures, including a meme coin and a proposed U.S. crypto reserve, for politicizing the industry. $ADA saw a 70% price spike post-announcement. #Update #Crypto $ADA
USDC Stablecoin Launches on TurboTax QuickBooks
Intuit partners with Circle to integrate $USDC across TurboTax and QuickBooks, enhancing financial transactions without disclosing blockchain details. #Update #Crypto $USDC
SEC Labels Bitcoin Mining Services Securities
The SEC sues VBit founder Danh C Vo for unregistered securities, alleging misuse of $48.5M and misleading investors about mining operations. #Breaking #Legal
Trump Media Shares Surge on $6B Merger
Trump Media and TAE Technologies announce a $6 billion merger to build a fusion power plant by 2026, with Trump Media shares up 35% following the news. #Update #Energy
Robinhood Expands Into Prediction Markets
Robinhood expands prediction markets, adding NFL player-performance contracts and combo trades; fastest-growing revenue line. Stock rises 3% on news. #Update #Finance
Bitcoin Experiment in Central Africa Faces Red Flags
The Global Initiative warns that the Central African Republic’s crypto ventures, including Sango Coin and CAR meme coin, are poorly designed and prone to abuse, raising sovereignty concerns. #Update #Crypto
Coinbase Secures Approval for CoinDCX Stake
India’s Competition Commission approved @Coinbase’s acquisition of a minority stake in CoinDCX, valuing it at $2.45B, marking significant regulatory progress for the Indian crypto ecosystem. #Update #Crypto
Fed Eases Crypto Banking Restrictions
The Federal Reserve has reversed its 2023 crypto-restrictive policy, promoting “responsible innovation” and withdrawing prior guidance, a move celebrated by industry figures. #Update #Crypto
Bitcoin Portfolio Wiped Out by Fake Game
A Singapore entrepreneur lost $14,000 in crypto due to malware from a fake game, exploiting token theft and a Google Chrome bug. #Breaking #Security
Coinbase Launches Solana DeFi Integration
Coinbase expands beyond crypto, offering U.S. customers stock trading and prediction markets while integrating Solana DeFi assets. #Update #Finance @Coinbase
DTCC Tokenizes Treasuries on Canton
The Depository Trust & Clearing Corporation (DTCC) plans to tokenize U.S. Treasuries on the Canton Network, marking its first step in a long-term blockchain integration strategy. #Update #Crypto
Bitcoin Bill Launches Federal Scam Taskforce
Senators Elissa Slotkin and Jerry Moran introduced the SAFE Crypto Act to establish a federal taskforce against crypto fraud, requiring cross-sector coordination and annual reporting. #Update #Legal