General News

Coinbase Introduces Bitcoin-Backed Loans Through Morpho DeFi

Coinbase, one of the world’s leading cryptocurrency exchanges, has reintroduced Bitcoin-backed loans for U.S. customers. This new offering allows users to borrow funds by...

VanEck Files for “Onchain Economy” ETF

Asset management firm VanEck has filed an application with the US Securities and Exchange Commission (SEC) for an "Onchain Economy" exchange-traded fund (ETF). The...

BitMEX Ordered to Pay $100M Fine for Violating US Banking Laws

A federal judge has ordered HDR Global Trading Limited, the parent company of cryptocurrency exchange BitMEX, to pay a $100 million fine and serve...

Oklahoma Introduces Bitcoin Strategic Reserve Bill

On January 15, Oklahoma Representative Cody Maynard introduced House Bill 1203, also known as the Strategic Bitcoin Reserve Act, to the state’s House of...

Texas Proposes Strategic Bitcoin Reserve Bill

Texas state Senator Charles Schwertner has introduced Senate Bill (SB 778), a proposal to establish a Strategic Bitcoin Reserve for the Lone Star State....

US Law Firm Pursues Legal Action Against Solana-Based Launchpad Pump.fun

Burwick Law, a prominent US-based crypto law firm, has announced plans to pursue legal action against the Solana-based memecoin launchpad Pump.fun on behalf of...

December Sets Record for Crypto Trading as Bitcoin Hits $100K

Crypto trading activity on centralized exchanges (CEXs) soared to an all-time high in December, coinciding with Bitcoin surpassing $100,000 for the first time and...

Mukesh Ambani’s Jio Partners with Polygon Labs to Bring Blockchain to Millions

Reliance Jio, the telecom leader owned by Asia’s richest man, Mukesh Ambani, is collaborating with Polygon Labs to introduce blockchain and Web3 capabilities to...

SEC Sues Elon Musk Over Alleged Disclosure Violations

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, accusing the billionaire of violating securities laws by failing to...

Osprey Funds Plans to Convert Bitcoin Trust into ETF

Osprey Funds has announced plans to convert its Osprey Bitcoin Trust (OBTC) into an exchange-traded fund (ETF), following the termination of a deal for...

Deribit Evaluates Buyout Offers Amid $5 Billion Valuation

Deribit, a leading cryptocurrency options exchange specializing in Bitcoin and Ether trading, is reportedly evaluating potential buyout offers as merger and acquisition (M&A) activity...

Gary Gensler Says Crypto Money Didn’t Sway 2024 Election

Gary Gensler, chair of the US Securities and Exchange Commission (SEC), stated that the 2024 presidential election outcome was not significantly influenced by money...