In brief Rep. Sheri Biggs (R-SC) disclosed on Friday that she purchased up to $250,000 worth of BlackRock’s spot Bitcoin ETF (IBIT) last month. The U.S. lawmaker “strongly supports crypto,” according to the Stand With Crypto Alliance, a grassroots advocacy group launched by Coinbase. Biggs also bet on Bitcoin last July, disclosing another IBIT purchase…
In brief World launched a major World ID protocol upgrade featuring account-based architecture for “proof-of-human” verification. Tinder is expanding verification to U.S. users, Zoom is integrating Deep Face technology, and Docusign is adding identity verification. Worldcoin (WLD) fell about 10% on the day amid the news, despite a broader crypto market uptick. World—formerly Worldcoin—unveiled a…
In brief Elizabeth Warren accused Paul Atkins of potentially misleading Congress about the SEC’s falling enforcement activity. New data showed the SEC brought far fewer cases under the Trump administration than historical averages. Warren says the decline raises concerns about investor protection and political favoritism. Sen. Elizabeth Warren (D-MA), the highest-ranking Democrat on the powerful…
In brief A trader on Ethereum turned 1 ETH, or around $2,500 worth, into nearly $500,000 after making a meme coin trade on Thursday. The 19-month old ASTEROID token surged in value after gaining attention via a social media interaction from Elon Musk. ASTEROID is up more than 71,000% in the last 24 hours of…
In brief Strategy shares jumped 10% to $164 on Friday after Iran declared that the Strait of Hormuz was “completely open” to commercial ships for the remainder of a 10-day ceasefire between Israel and Lebanon. The Bitcoin-buying firm’s stockpile showed gains on paper for the first time since early February as Bitcoin bounced to $77,200….
Telegram CEO Pavel Durov warned Friday that the European Union’s new age-verification app could become a stepping stone toward broader online identity tracking, days after the European Commission said the system was technically ready for rollout. In a Telegram post on Friday, Durov cited analysis from security consultant Paul Moore, who said the app is…
In brief Blockchain data shows the U.S. government transferred more than $600,000 worth of Bitcoin connected to the 2016 Bitfinex hack. The funds were transferred from a government account to Coinbase Prime, potentially ahead of a sale of the funds. The BTC is connected to the more than $9 billion, or 94,000 BTC which was…
The frequency of kidnap and ransom attempts on prominent cryptocurrency executives has skyrocketed in recent years. Referred to, perhaps crudely, in the crypto community as a “$5 wrench attack,” these attempts to extract millions from crypto bigwigs have spurred politicians to mitigate risk. Policymakers in France are currently working on safeguards, including a prevention platform…
Neo co-founder Da Hongfei has proposed a sweeping overhaul of the Neo Foundation after years of deadlock with co-founder Erik Zhang left one of crypto’s oldest networks effectively paralyzed. The plan follows Neo’s first public financial disclosure since 2019, showing about $461 million in assets held across the Neo Foundation (NF) and Neo Global Development…
In brief Dogecoin Cash Inc. proposed a framework where one billion tokens would equal one gram of physical gold. The initiative remains in the development phase with no tokens issued or timeline set. Tether and Paxos both offer gold-backed tokens denominated in ounces, with market caps over $2 billion apiece. Dogecoin Cash Inc. announced Thursday…