NY AG seeks $1.37B from NovaTech founders
New York Attorney General Letitia James asks a court to order @NovaTech’s founders to pay $1.37 billion over a Ponzi scheme that cost investors more than $1 billion. #Breaking #Legal
Crypto News
General category for all types of news related to the cryptocurrency world.
Was Crypto Self-Custody Designed for Beginners?
Crypto executives disagree on whether $BTC self-custody suits beginners. Recent @Ledger and @Coldcard security flaws highlight risks, while multisig and seedless wallets bring their own trade-offs. #Update #Security $BTC
Barclays plans 5,000 cuts amid AI rollout
@Barclays plans to cut about 5,000 jobs by year-end as it expands AI use and reduces costs. Third-quarter profit rose 12% but missed forecasts. #Update #Banking
HTX Research Publishes Crypto Outlook Before Midterms
@HTX_Research published a U.S. midterm crypto outlook, saying inflation, borrowing costs and capital flows matter more to near-term prices than election results. #Update #Crypto
HSBC Launches RedCoin for 3.3M HK Users
@HSBC launched $RCHKD, its Hong Kong dollar-pegged stablecoin, and plans to offer transfers and merchant payments to 3.3 million PayMe users in the coming days. #Update #Stablecoins
Trump Sued Over $2B in UAE Crypto Money
Circle shareholder J. Benjamin Greenberg sued President Trump and @worldlibertyfi over a UAE-backed stake sale and a $2 billion deal settled in USD1. The defendants deny wrongdoing. #Update #Legal
Critical PHP Fixes Spotlight Crypto Checkout Infrastructure
@php_net released fixes for two critical flaws that could let attackers run code on web servers. Crypto merchants should check their PHP-based storefronts; no Bitcoin or BTCPay Server breach was reported. #Update #Security
Crypto Broker Gets 160-Month Drug-Money Laundering Sentence
A US judge sentenced Colombian crypto broker Leonardo de Jesus Zuluaga Duque to 160 months for laundering drug proceeds through $USDT, shell companies and banks. #Update #Legal $USDT
South Africa Backtracks on Crypto Rules After Backlash
South Africa will revise draft crypto rules after exchanges warned that proposed self-custody wallet bans could drive users to unregulated channels. Officials plan new consultations and closer alignment with global standards. #Update #CryptoRegulation
Soft robot swims in 3D with two actuators
@NCState researchers built a tethered soft robot that swims and steers in 3D using two air-powered actuators and four elastic wings, with no onboard AI. #Update #Robotics
Polymarket reportedly fires marketing chief, CEO’s friend
@Polymarket has reportedly fired marketing chief Matthew Modabber, a close friend of its CEO, after an internal probe into alleged misconduct, the New York Post reports. #Update #Leadership
Lab Tests: UV-Activated Composite Breaks Down 90% of Forever Chemicals
A UV-activated graphene composite broke down 90.2% of PFOA’s fluorine bonds in lab tests, but worked less well on shorter-chain PFAS; energy use and durability remain hurdles. #Update #PFAS
Colombian Police Dismantle $42M Crypto Drug-Laundering Ring
Colombian authorities arrested eight people accused of laundering cartel drug proceeds through crypto transactions and small deposits. The suspects face possible extradition to the United States. #Update #Legal
Pentagon bans troops from betting with military information
U.S. Defense Secretary Pete Hegseth barred Pentagon staff from using nonpublic military information to bet on platforms including @Kalshi and @Polymarket, citing risks to troops and operational security. #Update #PredictionMarkets