A former FBI supervisory agent pleaded guilty to stealing about $1 million worth of digital assets from an adversarial country and forfeited about $925,000 in funds to government-controlled wallets. Former FBI supervisory agent Patrick Steven Yaroch was charged with using internal systems to obtain credentials for cryptocurrency wallets linked to an adversarial country, which he...Continue Reading

The preferred shares have recovered nearly 24% from their June closing low as Strategy builds its cash reserve and repurchases STRC. Strategy’s variable-rate preferred stock, STRC, closed above $90 for the first time in seven weeks, extending its recovery from a June selloff that raised concerns about the Bitcoin treasury company’s financial resilience. STRC closed...Continue Reading

The first US-Japan joint yen intervention in 28 years came amid record bond yields and worries about the yen carry trade. Joint currency interventions in the yen by Japan and the US could ultimately benefit Bitcoin (BTC) and risk assets.  Key points: Read moreContinue Reading

Apple restored Telegram after the messaging platform removed content that violated its child safety policies and banned the user who posted it. Apple briefly removed Telegram from the App Store after its review found content that violated its policies on child sexual abuse material, according to Bloomberg.  The messaging app was later restored after Telegram...Continue Reading

The framework specifies how existing tax obligations apply to crypto disposals and rewards, with some withheld amounts payable in the originating token. Nigeria’s revenue agency has issued rules requiring crypto platforms and peer-to-peer (P2P) marketplaces to collect, report and remit taxes, including paying some withheld amounts in digital tokens. In its Guidelines on Taxation of...Continue Reading

The ruling leaves New York’s case against Kalshi in place while allowing the CFTC to renew its request before Judge Victor Marrero. Judge Jed S. Rakoff denied without prejudice an emergency Commodity Futures Trading Commission (CFTC) request for a temporary restraining order that would have blocked New York from pursuing its enforcement case against prediction...Continue Reading

Crypto executives say restricting powerful AI models may initially be justified, but it doesn’t make sense as open-source alternatives become more capable. Crypto’s biggest players are still waiting to gain access to powerful new AI models to strengthen their code from attacks, but only a select few have been able to get it.  US crypto...Continue Reading

Galaxy Research said 90% of the stolen Bitcoin remains unmoved as investigators examine a suspected fourth wave that could lift losses to $130 million. Confirmed losses from the Coldcard wallet incident have exceeded $100 million, with 1,596 Bitcoin (BTC) stolen from about 7,300 addresses across three separate major attack waves and 14 smaller incidents, according...Continue Reading

Bitmine said it now holds about 4.8% of Ether’s circulating supply as it pursues its 5% acquisition target. Ether treasury company Bitmine Immersion Technologies bought another 10,399 Ether last week and repurchased 4.5 million of its shares as it continued its crypto accumulation and stock-buyback program. On Monday, Bitmine said it held 5,797,813 Ether (ETH)...Continue Reading

Mastercard said the tie-up would help banks, fintechs and enterprises expand stablecoin payments, payouts, settlement and treasury services. Mastercard has completed its acquisition of stablecoin infrastructure company BVNK, closing a deal valued at $1.8 billion. On Monday, Mastercard said the acquisition combines its global network with BVNK’s onchain infrastructure to connect digital currencies with fiat...Continue Reading