Crypto News

FTX Recovery Trust Set to Distribute Over $5B to Creditors in Major Second Payout Scheduled for May 30

FTX Trading Ltd. and the FTX Recovery Trust have officially announced that they will distribute over $5 billion to eligible creditors as part of...

California State Pension Funds Invest $276M into MicroStrategy as Bitcoin Exposure Strategy Intensifies

In a bold and strategic move, California state pension funds have invested $276 million into MicroStrategy (MSTR), a company renowned for its massive Bitcoin...

Employee Jailed 78 Months For Stealing 3.2M Tether (~Â¥26M) From Singapore Fintech

A 29-year-old former employee of a Singapore fintech firm was sent to prison in Hong Kong for stealing virtual currency. He took 3.2 million...

Binance Co-Founder Changpeng Zhao Shares Critical Security Guidelines Aimed at Safeguarding Crypto Users

Changpeng Zhao (CZ), the co-founder and former CEO of Binance, has issued a critical alert to the cryptocurrency community concerning the escalating threat of...

Wisconsin Offloads $321M in BlackRock’s Bitcoin ETF Stake, Retains $19M in Coinbase

The State of Wisconsin Investment Board (SWIB) has exited a part of its position in the BlackRock iShares Bitcoin Trust (IBIT), a U.S. spot...

South Korean Woman Sentenced to 2-Years in Prison After Stealing $500,000 In Cryptocurrency From Her Spouse

A South Korean woman in her 40s has been sentenced to two years in prison for fraud after stealing nearly $500,000 worth of cryptocurrency...

Abraaj Restaurants From Bahrain Becomes First Public MENA Firm To Acquire Bitcoin For Treasury

Al Abraaj Restaurants Group has made history by adding Bitcoin to its corporate treasury. The Bahrain-based restaurant chain announced it bought an initial five...

Crypto Market Making Firm Wintermute Expands American Presence After Officially Opening NYC Office

One of the top OTC desks and algorithmic trading companies in the world, Wintermute, today announced the opening of its U.S. headquarters in New...

Switzerland’s Sygnum Bank Accepts Staked Solana ($SOL) as Collateral for Fiat Loans

The Swiss digital asset banking business Sygnum Bank has extended its lending offerings by enabling customers to use staked Solana (SOL) tokens as security...

Coinbase Refuses To Pay $20M Ransom In Customer Data Extortion Scheme, Offers $20M Reward For Attacker’s Info Instead

Coinbase has publicly outlined a recent extortion attempt that targeted its support operations and customer data. The company CEO, Brian Armstrong, says a small...
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Greenidge, N.Y. Bitcoin-Mining Site Catches Fire, Operations Temporarily Halted After Electrical Switchgear Failure

A major US Bitcoin miner, Greenidge Generation Holdings, reported...

China’s Social Media Platforms And Marketplaces Get Flooded With Crypto Recruitment Links That Target Young Users

Social platforms popular with younger users, including Xiaohongshu, Taobao,...

Terminal Finance Discontinues Terminal Project After Converge Chain Fails To Launch

Terminal Finance said on X(Twitter) it won't be launching...

Kalshi Faces Class Action Lawsuit Over Alleged Unlicensed Sports Betting And Deceptive Practices

A group of clients has sued Kalshi Inc., alleging...