Stablecoins Unfrozen in $57M Libra Scandal
A US judge has unfrozen $57.6 million in $USDC linked to the Libra token scandal, allowing defendants Hayden Davis and Ben Chow access to funds amid ongoing lawsuits. #Update #Legal $USDC
Crypto News
General category for all types of news related to the cryptocurrency world.
Crypto Users Blocked 40% Payments Amid Controversy
Nearly 50% of UK crypto investors report blocked or delayed payments from banks, raising concerns about the country’s competitiveness in digital assets. #Update #Crypto $BTC $ETH
Crypto Groups Oppose Bankers’ GENIUS Act Rewrite
Crypto advocacy groups criticize Wall Street bankers for attempting to alter stablecoin regulations, urging Congress to maintain the integrity of the GENIUS Act. #Update #Crypto
America Party Plans Stalled Amid Controversy
Elon Musk has paused plans for his “America Party,” focusing instead on supporting Vice President JD Vance for the 2028 election, a move that may ease Republican concerns ahead of midterms. #Update #Politics
Fed Official Approves Crypto Holding for Staff
Fed Vice Chair Michelle Bowman advocates allowing staff to invest in small amounts of crypto to enhance understanding and recruitment, citing the need for regulators to embrace technology. #Update #Crypto
Crypto Bill Gains Bipartisan Support in Senate
Senator Tim Scott expects bipartisan support for the Digital Asset Market Clarity Act, anticipating 12-18 Democratic votes after the House passed the GENIUS Act. #Update #Crypto $BTC
Crypto Jobs Surge to $200K Salaries by 2025
The Web3 sector employs over 460,000 professionals, with top-paying roles including DeFi quant researchers earning $180K-$425K and Bitcoin mining brokers making six-figure commissions. #Update #Crypto $BTC
Google Boosts TeraWulf Stake to 14%
@Google becomes the largest shareholder in @TeraWulf with a 14% stake after increasing its financial backstop to $3.2 billion, supporting a 10-year lease with Fluidstack. TeraWulf stock rises over 72% since announcement. #Update #Crypto $WULF
Altcoins Deliver 200% Gains in Web3 Reality
Web3’s potential is under scrutiny as many DApps and altcoins struggle to meet expectations, raising questions about their actual impact on the crypto landscape. #Update #Crypto
Ghost Chains Exposed Identify Dormant Crypto Projects
Ghost chains are blockchain projects with minimal activity, adoption, or developer engagement, highlighting the need for investors to identify dormant crypto projects. #Update #Crypto
Crypto Faces Chokepoint from Basel Bank Rules
@CoinFund’s Chris Perkins claims Basel Committee capital rules create a “chokepoint” for crypto growth, making it costly for banks to engage in crypto activities. #Update #Crypto
Crypto Flights Made Easy in UAE Guide
Airlines in the UAE now accept cryptocurrency for flight bookings, positioning the country as a leader in crypto adoption for travel. #Update #Crypto $BTC $ETH
Perplexity AI Eyes $20B Valuation Surge
@PerplexityAI aims for a $20 billion valuation in its new funding round, following rapid growth to an $80 million annual recurring revenue and an $18 billion valuation. #Update #Crypto
Bitpanda Launches in UK Targets 200% Growth
@Bitpanda launches in the UK, targeting top three market position within two years, offering access to 600+ crypto assets and partnering with Arsenal FC for branding and education campaigns. #Update #Crypto $BTC