Pump.fun co-founder Alon Cohen has dismissed rumors about an upcoming Pump.fun token, calling reports of a Dutch auction launch with centralized exchanges false. Cohen emphasized that the team remains focused on product improvements and properly rewarding users, urging the community to ignore unauthorized claims. This contradicts crypto analyst Wu Blockchain’s report claiming documents confirm token …
Next week is important for the crypto market because a few major events are happening. These include the release of the CPI and PPI data, speeches from important Federal Reserve officials, and testimony from Jerome Powell, which could all influence the direction of the crypto market in the coming week. Jobs Report and Tariff Concerns …
Dismissing ‘s attempt to quash an investor lawsuit in New York, a US federal court declined to accept the exchange’s argument that it is not a ‘statutory seller’ of securities. The US federal court ruling against the prominent cryptocurrency exchange has brought back the sensational question: are cryptocurrencies securities? Coinbase Deemed a ‘Seller’ in New …
Crypto derivatives exchange Deribit has officially pulled out of the Russian market due to new sanctions imposed by the European Union. The company, based in the Netherlands, announced that it can no longer provide services to Russian citizens and residents unless they meet specific conditions. Russians with dual citizenship in an EEA country or Switzerland, …
After Donald Trump pardoned Silk Road founder Ross Ulbricht, calls from the crypto community for the release of the Tornado Cash co-founders surged, drawing significant attention. This momentum led to the release of Alex Pertsev, a developer of the cryptocurrency mixer Tornado Cash, from pretrial detention in the Netherlands. Facing money laundering charges, Pertsev has …
In a significant development, Maryland State Delegate Caylin Young has introduced “Strategic Bitcoin Reserve Act of Maryland.” The latest move reflects a growing trend among U.S. states to diversify their financial assets into digital currencies, recognizing Bitcoin’s potential as both an investment and a hedge against inflation. JUST IN: Maryland State Delegate Caylin Young introduces …
In a significant development, the US Commodity Futures Trading Commission (CFTC) has announced plans to hold a CEO forum to discuss the launch of its crypto pilot program. In a latest press release, CFTC announced that it will host a CEO Forum with top industry firms to discuss its digital asset markets pilot program for …
Deutsche Bank AG, a multinational investment bank based in Frankfurt, has described the explosive growth of the DeepSeek AI tech, which wiped out over $1 trillion in the global stock market, as China’s ‘Sputnik moment’. According to a report on Wednesday, the bank said 2025 is the year that China eats the world. Furthermore, global …
ConsenSys, the Ethereum developer behind MetaMask, has successfully navigated two attempts by U.S. authorities to exclude it from the financial system. CEO Joe Lubin revealed the company survived Operation Chokepoint 2.0 by keeping backup accounts. Despite intense pressure from regulators, Lubin’s unnamed bank resisted closing ConsenSys’ account, which was crucial for the $7 billion company. …
Japan’s crypto world just got a big shake-up. Popular crypto trading apps like Bybit, Bitget, KuCoin, and MEXC have suddenly disappeared from the Japanese Apple App Store. This has left many crypto traders confused and worried, especially those who rely on these apps for daily trading. While there’s no official explanation yet, it seems Japan’s …
Donald Trump’s Bitcoin Reserve plan boosted the hopes of millions of investors in the country with Bitcoin jumping to the tunes and hit an ATH of $109K following the news last year, today it is struggling to maintain a $100K level as the market has not seen any prominent action from Trump’s administration. Utah is …
During a surprise appearance at the Ondo Summit in New York City on Thursday, Donald Trump Jr. shared his strong belief in the future of cryptocurrency, stating that it could play a pivotal role in securing America’s economic dominance. “I think it’s perhaps the future of American hegemony, in terms of our economic status, our …
The Bank of England reduced interest rates for the third time since August, amid ongoing downturn in the crypto market, where leading cryptocurrencies like Bitcoin have seen significant losses. The Bank announced a 25 basis point rate cut, lowering the base rate from 4.75% to 4.5%, in line with market expectations. The Bank of England …
In a recent development, Deribit crypto exchange has announced its exit from Russia due to sanctions introduced by the European Union, according to the statement posted on its website. As a Dutch-owned platform, Deribit must adhere to EU sanctions. The exchange will no longer accept Russian nationals or residents as clients, unless exceptions apply. ” …
This week, Bitcoin’s price is recovering after it crashed to about $91,000 last weekend. Since Donald Trump won the election, Bitcoin’s price has often dropped below $100,000 and then climbed to new highs. This time, Bitcoin’s on-chain data is showing some unexpected trends, and several metrics indicate that its price might reach a new record …
After former President Trump’s push to make the US a Bitcoin leader, countries like Russia, which once showed little interest in cryptocurrency, are now revising their laws to leverage trillion-dollar industry. At present, Russia is facing US sanctions and its economy is also in bad shape it will be interesting to see if these new …
The cryptocurrency market is thriving, with Bitcoin soaring to new heights and the overall market cap surpassing $3 trillion. However, despite the market’s success, there is ongoing debate about the role of regulation and how it will shape next. Recently, House Financial Services Committee Chairman Rep. French Hill said that excessive regulation has harmed the …
The Cardano price faced a massive pullback in the first few days of the month due to external factors. The token remained under tremendous pressure with the key support levels around $0.7 and as a result, it rebounded without attracting deeper correction. The price has found some stability since the last trading day, which helped …
After the Czech National Bank (CNB) board approved a proposal to analyze the options for investing a portion of its reserves in Bitcoin (BTC), Governor Aleš Michl has attracted mixed responses. With around €7 billion on the line, which is the 5 percent of the CNB’s international reserves likely to be invested in Bitcoin, different …
Russia has introduced new cryptocurrency mining regulations under Federal Law No. 259-FZ, requiring miners to report earnings by the 20th of each month and operate under approved entities. The Federal Tax Service (FNS) allows miners to declare earnings via personal accounts. Digital currencies are classified as property, subject to 13% tax on earnings up to …
In a significant development, the US Federal Deposit Insurance Corporation (FDIC) is reportedly planning to revise its guidelines, allowing banks to engage in crypto activities. FDIC to Revise Crypto Guidelines Marking Huge Shift This development is part of the broader shift in the U.S. under the pro-crypto Trump administration, which aims to overhaul policies toward …
Just ahead of the scheduled congressional hearing on banking practices and financial access, the Federal Deposit Insurance Corporation (FDIC) released 175 documents related to its supervision of banks that engaged in, or sought to engage in, crypto-related activities as per a recent press release. Notably, the documents show regulators resisting, with banks experiencing delays, additional information …
In a latest development, the Senate Banking Committee will hold a hearing today on “debanking,” where experts and business owners will testify about being unfairly denied banking products. Lawmakers Question Banks Over Claims of Service Denials On Wednesday, U.S. banks and regulators will face intense questioning as lawmakers investigate claims from conservatives and businesses that …
Recently, President ordered the creation of a US sovereign wealth fund within a year. The Treasury and Commerce Departments must present a plan in 90 days, detailing how to fund and manage it. Since the US runs on a deficit, Congress would need to approve the fund before it becomes a reality. But here’s one …
The increasing fear that has been driving the US market, since President Donald Trump focused on Tariff trade wars to help deliver on his campaign promises, has trickled down to the crypto market. The Bitcoin’s fear and greed index has dropped from over 70 percent, denoting greed, to around 50 percent, suggesting rising fear of …
The U.S. government is taking a big step toward crypto regulation, with the House and Senate forming a joint group to push new laws. Trump’s crypto czar, David Sacks, made it clear that his goal is to secure America’s dominance in digital assets. Speaking at a press conference, he outlined a strong pro-crypto agenda alongside …
From giving warnings to crypto exchanges to tracking down illegal activities, South Korea’s strict stance on crypto violators is an example for other countries. To create a fair and transparent environment, South Korean authorities are tightening their grip on tax evaders who hide wealth in cryptocurrency. As per the local reports, the Gwanak district in …
The SEC is scaling back its crypto enforcement unit, reassigning 50 lawyers and staff following President Trump’s executive order to ease digital asset regulations. Analyst Eric Balchunas noted the shift, which could affect high-profile cases like the Ripple lawsuit. Acting SEC Chairman Mark Uyeda formed a task force led by Hester Peirce to review digital …
Empower Oversight has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) for the release of a long-awaited report on ethical conflicts and selective enforcement within the agency. The SEC Office of Inspector General (SEC OIG) completed the report more than a year ago, but the SEC has yet to release it or …
As FTX prepares to begin repaying its creditors nearly three years after its dramatic collapse, industry leaders are reflecting on the significant lessons learned. FTX, once a towering presence in the cryptocurrency market, is set to start its first wave of reimbursements on February 18, 2025, focusing on claims under $50,000. This milestone offers some …