NewsRoom Articles - Page 19 of 187

TuesdayJun 03, 2025 9:00 am

US SEC Dismisses its Lawsuit Against Binance

The U.S. government has officially dropped its civil lawsuit against Binance, one of the largest crypto exchanges globally. The decision, made public on Thursday, signals a shift in how the SEC is approaching digital currencies under the Trump administration. The dismissal was filed jointly by attorneys representing Binance, the SEC, and the exchange’s founder, Changpeng Zhao, in a Washington, D.C. federal court. According to the SEC, this move was made as a matter of policy and at the agency’s discretion. A spokesperson for Binance welcomed the decision, calling it a significant moment for the industry and expressing appreciation for SEC…

FridayMay 30, 2025 9:00 am

Report Shows 25% of All People Own BTC Crypto

Crypto Ownership Reaches 24% in Major Markets, Report Says Crypto exchange firm Gemini has just published its 2025 Global State of Cryptocurrency Report, highlighting a steady rise in digital currency adoption across multiple regions. The report shows that more people in the United States, United Kingdom, Singapore, and France are getting involved with crypto. In 2024, about 21% of people in these countries owned some form of cryptocurrency. That number has grown to 24% in 2025. One possible reason for the growing confidence in digital assets is the approach taken by the current U.S. administration. Since President Donald Trump began…

ThursdayMay 29, 2025 9:00 am

Sentiment Improvement Helps Bitcoin Climb to All-Time High

Bitcoin hit an all-time high in the past week, surpassing the record it set back in January. The digital asset surged to $109,760.08 before settling around $108,117, marking a 1.1% increase. This jump reflects a growing appetite for risk in the market, which had been shaken by last month’s tariff-driven dip. Several elements, including easing tensions between China and the U.S., have helped lift market sentiment. Additionally, Moody’s downgrade of United States government credit has led investors to look beyond the dollar for stability and growth—pushing more interest into digital assets like Bitcoin. Nexo co-founder Antoni Trenchev noted that with…

TuesdayMay 27, 2025 9:00 am

Trump’s Crypto Dinner Sparks Corruption Claims and Protest Firestorm

Donald Trump recently hosted a high-profile dinner event featuring the biggest investors in a crypto that shares his name, triggering criticism from political opponents and protesters alike. Critics, especially from the Democratic side, have labeled the gathering as unethical, arguing it allows wealthy individuals to gain influence over the president through financial means. One such voice, Senator Chris Murphy, denounced the dinner on social media as an example of buying access to political power. The dinner took place at a Trump-owned golf resort near Washington, D.C. Demonstrators showed up with signs with messages like “no kings,” and “stop cryptocurrency corruption”…

FridayMay 23, 2025 9:00 am

US Senate Passes the GENIUS Act to Regulate Crypto

The U.S. Senate recently voted 66-22 to move forward with the GENIUS Act, a new proposal focused on regulating parts of the crypto world. While the bill stirred debate in recent weeks, especially among Democrats skeptical of President Donald Trump’s involvement in crypto ventures, it still earned the backing of 16 Democrats, including Senators Cory Booker and Adam Schiff. At its core, the GENIUS Act aims to put clear rules in place for stablecoins, a specific type of digital currency that’s typically tied to a traditional asset like the USD. Supporters say these regulations will bring more security for users…

ThursdayMay 22, 2025 9:00 am

Coinbase Says Recent Cyberattack Cost Could Total $400m

Coinbase, the largest crypto exchange in the United States, has revealed that a recent cybersecurity breach affecting some of its users may cost the company between $180 million and $400 million. The estimated loss doesn’t include the $20 million ransom demand made by the attackers, which Coinbase firmly declined to pay. According to the company, although the hackers accessed personal details like names, home addresses, and email accounts, they did not manage to obtain login information or passwords. However, some users were tricked into transferring funds to the attackers, and Coinbase has promised to reimburse those affected. The attack involved…

TuesdayMay 20, 2025 9:00 am

France to Bolster Crypto Entrepreneurs’ Security in the Wake of Kidnappings

The French government is stepping up efforts to protect the cryptocurrency sector by introducing enhanced security measures for industry professionals and their families. Authorities are now offering crypto entrepreneurs priority access to emergency police services, in-home visits by law enforcement, and customized security briefings. France’s Interior Minister Bruno Retailleau noted that the goal is to both deter attackers and offer real protection to those operating in the digital finance space. Law enforcement personnel are also set to undergo specialized training focused on anti-money laundering within the crypto context. A longer-term initiative to elevate security practices across the sector is also…

FridayMay 16, 2025 9:00 am

French Police Inquire into Spate of Kidnappings Targeting Crypto Millionaires

French authorities are currently investigating a disturbing trend involving the abduction of individuals tied to the crypto world. The latest case involves a 60-year-old man whose finger was severed by kidnappers demanding that his son, a crypto-millionaire, pay ransom for his release. The victim, who runs a crypto marketing firm alongside his son, was held captive for over two days before being rescued by police. The man was abducted on a Thursday morning while walking in the 14th arrondissement of Paris. According to reports, four masked individuals forced him into a van. After more than 48 hours in captivity, he…

ThursdayMay 15, 2025 9:00 am

Trump to Host Top Buyers of His Meme Coin to Exclusive Dinner

U.S. President Donald Trump’s latest venture into the crypto world is stirring up controversy, criticism, and speculation. On Monday, the top two hundred and twenty investors in a Trump-branded digital token secured an invitation to a private dinner with the president. The dinner, scheduled for May 22 in Washington, D.C., is being presented as a reward for those who spent the most on the crypto known as $TRUMP. Launched in January, $TRUMP has gained significant traction, reaching a market value of over $2 billion. Despite being promoted as a public token, a substantial portion of it is held by a…

TuesdayMay 13, 2025 9:00 am

Why the Crypto Bill in the US Senate Tanked

The crypto sector has just hit its first major obstacle under Donald Trump’s second term after enjoying a period of unprecedented support in Washington. Senate Democrats recently blocked a crypto measure that had strong backing from the industry, signaling a shift in momentum on Capitol Hill. While the proposal isn’t entirely off the table, its path forward is uncertain, especially as political divisions deepen. The sector has spent vast sums trying to win over lawmakers across the political spectrum, but partisan tensions are undermining that strategy. Democrats, aiming to push back against Trump’s influence, are increasingly hesitant to support measures…