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Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), has made a bold claim that embracing digital assets could unlock up to $100 trillion in value for the U.S. economy. His vision aligns with former President Donald Trump’s recent executive order to establish a U.S. strategic bitcoin reserve—a move that has sparked widespread debate among policymakers […]
SafeWallet has published a detailed post-mortem report on the $1.4 billion cyberattack against Bybit, shedding light on how the exploit occurred and the security measures needed to prevent similar incidents in the future. How the Attack Happened According to a forensic analysis by SafeWallet and cybersecurity firm Mandiant, the North Korean hacking group behind the […]
The Dantewada district in Chhattisgarh, India, has taken a significant step toward modernizing land record management by digitizing over 700,000 records dating back to the 1950s. This initiative, powered by the Avalanche blockchain and executed by Zupple Labs in collaboration with Indian blockchain startup LegitDoc, aims to create a secure, tamper-proof, and easily accessible system […]
Thousands of crypto mining rigs have started moving out of US ports after prolonged seizures, marking a major development for the Bitcoin mining industry. US Customs Releases Thousands of Crypto Miners The US Customs and Border Protection (CBP) has begun releasing Chinese-made crypto miners after months of being held at various ports of entry. Taras […]
Bitwise CIO Matt Hougan believes the market is underestimating the impact of Trump’s crypto reserve, predicting it will be mostly Bitcoin and larger than initially thought. Trump’s Crypto Reserve Will Be Predominantly Bitcoin Despite initially including multiple altcoins, Trump’s proposed crypto reserve will likely be almost entirely Bitcoin, according to Bitwise chief investment officer Matt […]
The long-defunct crypto exchange Mt. Gox has transferred 12,000 BTC, worth over $1 billion, to an unknown wallet, raising speculation about potential creditor payouts or internal restructuring. Mt. Gox Shifts 12,000 BTC in a Single Transaction On March 6, blockchain intelligence platform Arkham Intelligence reported that a Mt. Gox-linked wallet (1PuQB) had transferred 12,000 BTC. […]
A legal battle is set to challenge Turkey’s ban on crypto payments, potentially reshaping the country’s regulatory landscape. A ruling in favor of crypto payments could open doors for new business models and crypto exchanges seeking licenses. GlobalB Takes Turkey’s Crypto Ban to Court Turkish law firm GlobalB is set to contest the country’s prohibition […]
Brendan Gunn, the brother of Australian Olympian breakdancer Rachael “Raygun” Gunn, has been charged with dealing in funds suspected to be proceeds of crime while running a fiat-to-crypto conversion business. Allegations of Crypto-Related Fraud Australia’s financial watchdog, the Australian Securities and Investments Commission (ASIC), announced on March 5 that Gunn faces one count of dealing […]
Bitcoin may struggle to reclaim and sustain a price above $94,000, as market analysts warn of significant resistance following recent volatility. Bitcoin Faces Challenges Breaking $94K According to a March 3 market report from Bitfinex analysts, Bitcoin is encountering strong resistance after failing to hold above $94,000. The cryptocurrency briefly surged from $85,000 to $95,000 […]
The U.S. government’s case against former Terraform Labs CEO Do Kwon has been postponed until April after prosecutors uncovered an additional four terabytes of evidence requiring further review. Prosecutors Request More Time for Evidence Review Judge Paul Engelmayer of the Manhattan federal court issued an order on March 3, pushing back Kwon’s hearing from March […]
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