The defendants allegedly traveled from Missouri to Connecticut to kidnap a Bitcoin holder and force him to transfer cryptocurrency before abandoning the plan. Three Missouri men were charged over an alleged August 2024 plot to kidnap a Bitcoin holder and steal his holdings. Sedric Louis, John Davis and Martel Williams were allegedly hired to kidnap...Continue Reading

Hayes likened the debt-fueled AI infrastructure boom to the 2008 credit bubble, but evidence suggests financial strain is uneven across Big Tech. BitMEX co-founder Arthur Hayes said the debt-fueled artificial intelligence infrastructure boom could end in a 2008-style credit crisis and predicted the resulting government liquidity response could drive Bitcoin (BTC) to $1 million or...Continue Reading

Matt Hougan argues that regulatory guidance from the SEC and CFTC would keep the industry moving even if Congress fails to pass landmark market structure legislation this year. A failure to pass the CLARITY Act this week will put the bill in a “walking dead” state, but won’t stop the crypto industry’s march forward, according...Continue Reading

Bybit’s Austrian payments subsidiary gained regulatory approval to develop card, merchant, open-banking and person-to-person payment services. Bybit’s European payments subsidiary has secured an electronic money institution license in Austria, providing the exchange with a regulatory basis to add payment and e-money services to its regional platform.  On Tuesday, Bybit said Bybit Payments GmbH received the...Continue Reading

EIP-8363 is a newly published draft proposal that would cut net consensus-layer rewards as the Ethereum staking ratio heads toward 50%. A group of six Ethereum researchers and developers, including Ethereum Foundation’s Justin Drake, has proposed changing the network’s issuance policy to cut validator rewards more sharply as the proportion of staked ETH rises.  The...Continue Reading

In a July 8 meeting, US and UK regulators highlighted the implementation of the GENIUS Act, payment modernization and cross-border cooperation, reinforcing a shared framework for digital asset oversight. The United States and the United Kingdom reaffirmed their commitment to closer financial regulatory cooperation during a recent bilateral working group, signaling continued policy alignment on...Continue Reading

The custody giant is expanding beyond safekeeping by adding staking services, allowing eligible institutional clients to earn yield on proof-of-stake assets. BNY and Galaxy have partnered to integrate institutional crypto staking into BNY’s digital asset custody platform, allowing eligible clients to earn staking rewards without moving assets out of custody. Under the arrangement, which was...Continue Reading

Bitcoin built on $64,000 as hopes of the Strait of Hormuz reopening to oil traffic sent the S&P 500 index to a record $70 trillion market cap. Bitcoin saw new August highs into Tuesday’s Wall Street open as markets bet on US-Iran tensions again easing. Key points: Data from TradingView showed BTC/USD climbing to $64,176...Continue Reading

A 16-year agreement secures 121 megawatts of AI computing capacity in Norway, highlighting how crypto mining companies continue to pursue new revenue streams beyond Bitcoin. Bitcoin mining company Bitdeer has signed a 16-year lease agreement valued at as much as $4.7 billion to secure artificial intelligence and high-performance computing data center capacity, underscoring how crypto...Continue Reading

Galaxy said that at least 15 different attackers have exploited the Coldcard vulnerability, which may have been avoided with just $2 worth of AI hardening, according to Dragonfly’s managing partner. At least 15 different attackers have exploited the Coldcard vulnerability, according to Galaxy Digital’s head of research, Alex Thorn, citing new victim reports received since...Continue Reading