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A crypto mining firm faces a $14 million penalty after admitting to a $2.5 million bribery scheme to secure a Japanese casino contract, which ultimately failed. A Mining Empire’s Downfall: Bribery Scandal Leads to Global Fallout The U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) have taken major actions against … Read more
A U.S. Space Force major aims to shape defense policy by advocating a national bitcoin reserve and highlighting proof-of-work technology’s role in strategic security. Jason Lowery Pushes for Bitcoin Strategy Role in National Security Council Jason Lowery, a major in the U.S. Space Force and a prominent advocate for bitcoin’s role in defense strategies, has … Read more
Crypto advocate Howard Lutnick’s nomination as Commerce Secretary by Trump could revolutionize U.S. cryptocurrency policy. Wall Street Leader Howard Lutnick Tapped as Commerce Secretary, Backing Crypto Growth President-elect Donald Trump has announced the nomination of Howard Lutnick, CEO of Wall Street giant Cantor Fitzgerald, as the next Secretary of Commerce. Lutnick, a seasoned financial executive, … Read more
A Russian ransomware kingpin extradited from South Korea to the U.S. faces charges for orchestrating the $16 million Phobos malware targeting global critical infrastructure. Justice Catches Up: The Fall of a Ransomware Kingpin The U.S. Department of Justice (DOJ) announced Monday that Evgenii Ptitsyn, a 42-year-old Russian national, has been extradited from South Korea to … Read more
On Monday, Nov. 18, 2024, bitcoin (BTC) is holding steady above $90,000, riding high after its post-election rally in the U.S. With its value perched at this level, we tapped into a variety of generative artificial intelligence (AI) chatbots to see what they think bitcoin’s price might look like by the end of the year. … Read more
Ripple’s potential initial public offering (IPO) is gaining traction as SBI supports the move, highlighting XRP’s market growth and increased regulatory optimism. Japanese Giant SBI’s Vision for Ripple: IPO Strategy After SEC Resolution Talks about Ripple potentially launching an initial public offering (IPO) have gained traction. Responding to a social media post celebrating XRP’s rise … Read more
As of Nov. 11, 2024, bitcoin (BTC), the undisputed crypto heavyweight, has enjoyed a phenomenal year. Over the last ten months, it has been breaking records across the board. From hashrates to daily transaction peaks, price surges, and making an impact in non-fungible tokens (NFTs) and decentralized finance (defi), BTC has been on a non-stop … Read more
While bitcoin (BTC) is often heralded as the toughest digital asset in existence, it still has room to grow and adapt to better meet the needs of its network. Here’s a dive into three potential ways the world’s leading cryptocurrency could accelerate its game. Can Bitcoin Hold Its Throne? As of this writing, bitcoin (BTC) … Read more
Based on blockchaincenter.net’s “there is no second best” index—drawing from Michael Saylor’s well-known remark—Microstrategy’s strategy of purchasing bitcoin outshines what the company would have gained if it had opted for ethereum instead. Microstrategy’s Bitcoin Holdings Deliver, Leaving Ethereum Alternatives Behind Over the past month, bitcoin has held its own, but ethereum (ETH), the second-largest cryptocurrency … Read more
Elon Musk’s DOGE initiative invites the public to expose government waste, pledging transparency and targeting $2 trillion in federal spending cuts. Elon Musk’s New Plan: Public Can Now Expose Wasteful Spending and Misplaced Cuts Tesla CEO Elon Musk shared his vision for full transparency within the newly created Department of Government Efficiency (DOGE) on his … Read more
