BJ U.S. Department of Justice (DOJ) has charged 12 individuals for stealing over $263 million in crypto. The individuals are linked to an earlier investigation where scammers were able to siphon off over $243 million from a Genesis creditor. According to blockchain sleuth ZachXBT, last year one of the creditor of defunct trading firm Genesis was … Read more
XRP fell over 4% in the past 24 hours, leading losses among major cryptocurrencies as the broader market stalls after last week’s sharp rally. Bitcoin continues to hover above $104,000, with traders predicting a steady rise past $105,000, a level now acting as both psychological and technical resistance. The crypto market’s total capitalization declined 2% … Read more
The U.S. Department of Justice will drop part of one count of its case against Tornado Cash developer Roman Storm due to a recent policy memo, the agency said Thursday. The DOJ will not go to trial on a charge alleging Storm failed to comply with money transmitter business registration rules, but still plans to … Read more
The crypto rally took a long-overdue pause on Thursday as traders took some profits following weeks of relentless advance that lifted bitcoin BTC close to record prices. The consolidation occurred amid a slew of U.S. economic data releases. April retail sales missed expectations, producer prices rose less than forecast, jobless claims stayed on track, while … Read more
“I don’t think it’s here to stay,” Dave Portnoy said, referring to meme coins—the same corner of crypto he’s often poured fuel on through his social media antics. Speaking on stage at Consensus 2025 with Tom Farley, CEO of crypto exchange Bullish, the Barstool Sports founder peeled back the layers of his short, chaotic stint … Read more
The latest draft of the U.S. Senate’s stablecoin legislation includes enough changes that Democratic senators may now have an easier time getting back on board, though consumer advocates say it still falls short. The bill to set oversight and standards for stablecoin issuers sailed through the Senate Banking Committee with wide bipartisan support in March, … Read more
The global head of policy at TRM Labs, a blockchain analytics firm that helps law enforcement investigate crypto fraud, shared that he believes Coinbase’s handling of the latest hack is a “really great example to other businesses in terms of how to handle” dealing with hacks of exchanges. At a panel at Consensus 2025, Ari … Read more
Banks need to be part of crypto for stablecoins to succeed—that was the message from Jose Fernandez da Ponte, PayPal’s senior vice president of digital currencies, during a panel discussion at Consensus 2025 in Toronto. “It might sound counterintuitive, but you do want the banks in this space,” Fernandez da Ponte said, adding that their … Read more
Ethereum co-founder Anthony Di Iorio shared Thursday that he thinks the blockchain wasn’t necessarily meant to be a “competitor to Bitcoin,” but rather “it was meant to be an alternative.” Speaking to a crowd at Consensus 2025, Di Iorio shared with the audience about his time during Ethereum’s early days, noting back then that he … Read more
The cryptocurrency market is experiencing significant fluctuations as global economic factors and regulatory developments create both challenges and opportunities. Litecoin’s recent price action reflects this broader market sentiment, with the cryptocurrency encountering strong resistance at $101.65 after reaching a peak of $101.90. Despite the subsequent correction to the $95-$96 range, LTC has shown resilience with … Read more
