Coinbase’s recent announcement confirming its plans to integrate the Bitcoin Lightning Network into its operations is a landmark decision. This move will enable quicker and more cost-efficient transactions for Bitcoin, aiming to make the crypto asset more user-friendly. However, while
Fortress Trust, a leading custodian in the crypto world, has found itself embroiled in a scandal involving a crypto heist that saw up to $15 million vanish from customer accounts. The disclosure comes at a delicate time, as Fortress was
The crypto community is wallowing in the misery of a protracted bear market so bad that some are calling it the ‘worst’ in history. Bitcoin peaked at $69,044.77 on Nov. 10, 2021, and remains 60% down from its all-time high,
Genesis Global Holdco LLC, the crypto lender in financial distress that filed for bankruptcy earlier this year, has launched a lawsuit against its parent entity, Digital Currency Group (DCG), along with DCG International Investments Ltd. This lawsuit has been officially
A federal court in New York has frozen the assets of Alexander Mashinsky, the former CEO of the now-bankrupt crypto lending company Celsius Network. Unsealed documents disclosed on Sept. 5 reveal that the court has targeted Mashinsky’s bank accounts and
Riot Platforms Inc., a Bitcoin mining company in Texas, has found a surprising source of revenue in the state’s recurring energy crises. During the August heatwave, Riot made $31.7 million from power credits, courtesy of the Electric Reliability Council of
In the wake of high-profile bankruptcies and regulatory actions that have left the cryptocurrency lending industry reeling, Coinbase Global Inc. is stepping in to fill the void. Through its Prime service, the U.S.-based exchange aims to attract institutional investors with
While the broader crypto market is mired in a protracted slump, one segment has emerged as a phoenix rising from the ashes: liquid staking. According to a recent Bloomberg report, assets locked in liquid staking services have surged 292% to
In a decision by the Securities and Exchange Commission (SEC), Grayscale Investments LLC has won the right to convert its hefty $17 billion Bitcoin trust into a physically backed ETF. While this move positions Grayscale favorably in the ETF sector,
Vivek Ramaswamy’s recent remarks underscore the growing importance of Bitcoin and its potential impact on the nation’s financial policies as the 2024 U.S. elections approach. Grayscale Investments’ recent lawsuit win against the Securities and Exchange Commission (SEC) in federal court
X, formerly Twitter, acquired the license required for it to provide Bitcoin, crypto payments, and trading services in the U.S. But some people are worried about the potential implications, particularly for a platform with a history of being targeted by
According to a recent report, the SEC is facing scrutiny from legal experts over its management of digital assets, particularly evident in the ongoing Ripple XRP case. A pro-crypto attorney, John Deaton, has voiced notable apprehensions about the agency’s mission,
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