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Trump Grants Full Pardon to Silk Road Creator Ross Ulbricht

Trump Grants Full Pardon to Silk Road Creator Ross Ulbricht

In a significant move, President Donald Trump has granted a full and unconditional pardon to Ross Ulbricht, the notorious creator of the Silk Road marketplace. This decision comes after Ulbricht served nearly ten years of a double life sentence for his involvement in illegal online activities. Trump's pardon aligns with his promises to the Libertarian movement and his vision for the future of cryptocurrency in the U.S. The announcement was made on Trump's social media platform, marking a pivotal moment in the ongoing dialogue about crypto regulations and the industry's future under his administration.

Created at: January 22, 2025 1:00pm

Bitcoin Climbs Back to $100k as Trump’s Inauguration Approaches

Bitcoin Climbs Back to $100k as Trump’s Inauguration Approaches

Bitcoin is on the rise again, nearing $100,000 ahead of President-elect Donald J. Trump’s inauguration on January 20. Analysts noted a recovery after Bitcoin had previously dipped to around $90,000 at the start of 2025. Trump's support for the blockchain industry has renewed investor optimism, with altcoins like XRP and Litecoin also experiencing significant gains. Many anticipate that Trump's administration will implement favorable regulations for cryptocurrencies, boosting market confidence. As the inauguration nears, the crypto market is poised for a potential surge, reflecting investors' hopes for a pro-crypto future under Trump.

Created at: January 17, 2025 2:31pm

North Korean Hackers Stole $659M in Crypto Heists During 2024

North Korean Hackers Stole $659M in Crypto Heists During 2024

In a rare joint statement, the United States, Japan, and South Korea revealed that North Korean-backed hackers stole over $659 million in cryptocurrency through multiple heists in 2024. This includes a significant $235 million breach of WazirX, India's largest cryptocurrency exchange. The Lazarus Group was identified as the primary perpetrator, employing social engineering and malware to infiltrate exchanges. Additionally, North Korean IT workers were reported to be posing as job seekers to gain access to blockchain companies. The governments urged private sector entities to enhance their cyber threat mitigation measures.

Created at: January 14, 2025 1:30pm

Crypto Market Faces Crisis: JOLTS Report Triggers Massive Sell-Off

Crypto Market Faces Crisis: JOLTS Report Triggers Massive Sell-Off

The cryptocurrency market is reeling after the US JOLTS report revealed a surge in job openings, prompting investors to engage in 'fear selling.' Approximately $205 million worth of crypto was dumped in just one hour, as fears of increasing interest rates loom large. Compounding the crisis, the US DOJ received court approval to sell 69,370 Bitcoins seized from Silk Road, potentially destabilizing the market further. Currently, major cryptocurrencies like Bitcoin and Ethereum are experiencing significant price declines, casting doubt on their recovery prospects in early 2025.

Created at: January 13, 2025 2:00pm

Crypto Investors Panic as US JOLTS Report Sparks Fear of High Interest Rates

Crypto Investors Panic as US JOLTS Report Sparks Fear of High Interest Rates

The cryptocurrency market is facing turmoil as investors react to the latest US JOLTS report, which indicates a strong labor market but raises concerns about rising interest rates. In just one hour, $205 million worth of digital assets were liquidated, reflecting widespread fear selling. While the report suggests economic growth, it has led to speculation about inflation and tighter monetary policy from the Federal Reserve. Despite these challenges, optimism remains for 2025, particularly with Donald Trump's pro-crypto stance as he prepares for his upcoming presidency.

Created at: January 11, 2025 7:00am

Citi Predicts Crypto Surge in 2025 Driven by Trump's Influence and ETF Inflows

Citi Predicts Crypto Surge in 2025 Driven by Trump's Influence and ETF Inflows

Citi analysts forecast a significant surge in the cryptocurrency market by 2025, following a strong performance in 2024. The prediction attributes much of this potential growth to President-elect Donald Trump's support for the industry and the positive impact of Ethereum ETFs and Spot Bitcoin trading. Analysts noted that Bitcoin's valuation nearly doubled, reaching around $100,000. However, they cautioned about inherent risks, particularly for Bitcoin. With stablecoin adoption expected to boost decentralized finance, the crypto community remains optimistic for the future.

Created at: December 27, 2024 3:30pm

Sam Altman's Worldcoin Rebrands to 'World' with New Human Verification Orb

Sam Altman's Worldcoin Rebrands to 'World' with New Human Verification Orb

Sam Altman's cryptocurrency project has been rebranded from 'Worldcoin' to simply 'World,' introducing a new focus on iris-scanning technology. The project unveiled its upgraded 'Orb' device, featuring NVIDIA's Jetson processor for enhanced performance and a sleeker design. Users will receive a World ID while still benefiting from the Worldcoin (WLD) cryptocurrency. The new Orb ensures secure and anonymous identity verification, deleting eye scan data post-verification. Despite regulatory challenges, World aims to advance its technology globally, fostering a secure ecosystem for users.

Created at: October 19, 2024 5:30am

Yellow Card Secures $33M to Enhance B2B Crypto Services Across Africa

Yellow Card Secures $33M to Enhance B2B Crypto Services Across Africa

Yellow Card, the leading cryptocurrency exchange in Africa, has raised $33 million in Series C funding led by Blockchain Capital. This investment will help the platform focus on its business customers, pivoting from its initial B2C model. With this new strategy, Yellow Card aims to support around 30,000 businesses in managing payments and treasury through stablecoins. The company reports a surge in transaction volumes, climbing from $1.7 billion to over $3 billion. The funding will also facilitate product development and regulatory engagement in a rapidly evolving crypto landscape.

Created at: October 16, 2024 5:00pm

FTX to Return $12B to Creditors, Arkham Intelligence Launches Derivatives, and New Game 'CornBattles'

FTX to Return $12B to Creditors, Arkham Intelligence Launches Derivatives, and New Game 'CornBattles'

FTX is set to return $12 billion to its creditors following a court-approved payout plan, with the first $1 billion expected by December. This development signals a potential boost for the crypto industry, which has struggled since the exchange's collapse. Meanwhile, Arkham Intelligence, backed by OpenAI's Sam Altman, will launch crypto derivatives next month, expanding its offerings from blockchain data services. Additionally, the new crypto game 'CornBattles' has gained traction, attracting three million users with its unique blend of tactical gameplay and real-world rewards.

Created at: October 14, 2024 12:30pm

Arkham Intelligence Sets Launch Date for Crypto Derivatives, Token Surges 19%

Arkham Intelligence Sets Launch Date for Crypto Derivatives, Token Surges 19%

Arkham Intelligence has announced the launch date for its crypto derivatives, aiming to expand its operations and compete with major crypto exchanges. The startup, backed by OpenAI's Sam Altman, focuses on deanonymizing the crypto industry. The derivatives will target retail investors and are expected to launch next month. Following this news, Arkham's token, ARKM, increased by 14%, reaching $1.52, with a market cap of $344 million. Additionally, the company is relocating to the Dominican Republic to benefit from tax exemptions, while its derivatives will not be available in the U.S.

Created at: October 12, 2024 5:30am

FTX's Ryan Salame Finds Humor in Dark Times as He Begins Prison Sentence

FTX's Ryan Salame Finds Humor in Dark Times as He Begins Prison Sentence

Ryan Salame, the former co-CEO of FTX Digital Markets, has commenced his seven-and-a-half-year prison sentence for fraud. Prior to his incarceration, Salame took to LinkedIn to share a humorous post announcing his new role as an 'Inmate at FCI Cumberland.' His post included a whimsical cartoon of people dancing around a cupcake, showcasing an absurd attempt to cope with his situation through humor. This comes amid ongoing legal troubles for several FTX executives following the company's collapse.

Created at: October 10, 2024 8:30pm