Roger Federer, one of the richest tennis players ever, with a net worth of around $600 million, is embroiled in a bizarre case involving a woman named Israela. Believing she was in a romantic relationship with Federer, she attempted to deposit a large sum of bitcoin into what she thought was his personal wallet. This ...
The Illinois Senate recently approved Senate Bill 1797, a new law aimed at protecting investors from cryptocurrency fraud, passing with a vote of 39 to 17. This bill, introduced by Senator Mark Walker, grants the Illinois Department of Financial and Professional Regulation the authority to oversee all digital asset activities in the state. Any business ...
The Department of Justice is shifting its approach to cryptocurrency enforcement, focusing on bad actors who exploit digital assets for illegal activities, such as drug trafficking and human trafficking. Todd Blanche criticized the previous administration’s strategy, saying it unfairly targeted innocent individuals. The National Cryptocurrency Enforcement Team will disband, allowing the department to concentrate on ...
Russia is turning to cryptocurrencies to overcome issues with the ruble, including problems with convertibility, payment delays due to Western sanctions, and fluctuations in exchange rates. Although crypto could help in financing some activities, its widespread use in international trade is still uncertain, as many of Russia’s partners are cautious. Following the invasion of Ukraine, ...
The United States is creating a Strategic Bitcoin Reserve, with President Donald Trump pushing for the country to become the “bitcoin and cryptocurrency capital of the world.” This reserve will be backed by 200,000 bitcoins, valued at around $17 billion, which have been seized in legal cases. Although the announcement aimed to position the U.S. ...
The cryptocurrency community is optimistic about an upcoming summit at the White House, where President Trump will meet with key industry leaders to discuss the future of digital assets. This meeting aims to stabilize a volatile Market and explore Trump’s proposal for a U.S. strategic reserve of cryptocurrencies. Attendees include CEOs from major companies like ...
The White House is set to host the Digital Assets Summit on March 7, 2025, featuring influential figures from the cryptocurrency industry, including Michael Saylor and Brad Garlinghouse. This important event, led by President Donald Trump, aims to discuss the future of digital assets within the U.S. financial system. Saylor, a strong advocate for Bitcoin, ...
The Federal Reserve and the Office of the Comptroller of the Currency are set to relax their strict regulations on digital assets. This shift comes after President Trump embraced the crypto industry, promising to end stringent regulations from the Biden era. Major banks like JP Morgan and Bank of America are hopeful that they can ...
A growing conflict has emerged between Bitcoin supporters and XRP advocates, with Bitcoin enthusiasts spreading negative views about Ripple’s token. Ripple’s CTO, David Schwartz, suggests that Bitcoin maximalists fear a fair environment for all cryptocurrencies, highlighting their resistance to competition. Despite claims from prominent Bitcoin figures labeling XRP as a scam, Ripple continues to push ...
In a recent address at Davos, President Donald Trump declared his vision for the U.S. as the “Crypto Capital of the World,” following the release of a key executive order on digital assets. This marks a shift from the previous administration’s regulatory approach, aiming to provide clearer guidance for the crypto industry. With notable supporters ...
