One senior Binance executive has managed to stay out of the global spotlight over the past six years and counting — even now as governments everywhere intensify their crypto clampdown: Yi He.As a co-founder of the besieged digital-currency empire, she’s one of the most powerful players in the $1.2 trillion industry. She also has much to lose as the regulatory onslaught deepens and causes an existential crisis for crypto’s largest exchange.After s...
Money can’t buy love or friends, but it can help you find a lot of expert witnesses.FTX co-founder Sam Bankman-Fried may call seven expert witnesses, paying them up to $1,200 an hour, to testify on his behalf at his upcoming fraud trial.The witnesses would give evidence about campaign finance laws, valuations of FTX and its hedge fund affiliate Alameda Research and the crypto exchange’s software infrastructure and terms of service, according to a...
This week, a trial in the UK is addressing the most significant unresolved issue in the cryptocurrency realm: the identity of Bitcoin's creator, Satoshi Nakamoto. The ongoing trial involving Craig Wright, the self-proclaimed inventor of Bitcoin, has taken an bizarre turn with the emergence of explosive testimony from individuals claiming to be part of the cryptocurrency's elite.The trial, which centers around a multi-billion dollar dispute over B...
Bitcoin sank for a fourth consecutive trading session, part of a wider crypto selloff that contrasts with recent record highs in global stocks.The digital asset fell as much as 8.1% to hit the lowest since February, changing hands at about $54,190 as of 12:21 p.m. Friday in Singapore. Smaller coins like Ether, XRP and Cardano nursed steeper losses in some cases exceeding 10%.Crypto speculators currently face a range of challenges, including wanin...
AI image for representation only. On January 19, 2025, Melania Trump introduced her own cryptocurrency, the MELANIA meme coin, to her 3.2 million followers on X (formerly Twitter). The launch led to a rapid surge in the token's value, reaching a $4 billion market capitalization within 30 minutes, as reported by DEXScreener. This swift rise attracted nearly 20,000 investors within the first hour. The MELANIA token is described on its official web...
A shift by India to a less onerous crypto tax regime may be two years away, according to one of the nation’s key digital-asset exchanges.Indian officials last year imposed a 1% levy — known as TDS — on crypto transactions, causing trading volumes at exchanges to crash as market makers and high-frequency investors pulled back due to higher costs. One of WazirX’s main competitors has said the tax contributed to a 97% collapse in volumes at domestic...
Bitcoin's price soared to a new record, reaching over $70,000 for the first time amid a frenzy in the crypto market. The spike reflects escalating investor interest in newly launched US spot exchange-traded crypto products and the anticipation of declining global interest rates.Why it mattersThis surge marks a significant recovery from the crypto winter triggered by the collapse of the FTX exchange, renewing faith in digital currencies.The rally ...
The US has seen significant growth in industrial-scale Bitcoin mining facilities, with at least 137 such operations currently across the country. This surge is driven by the increasing acceptance of cryptocurrencies and potential for substantial financial gains. As demand for Bitcoin rises, more investors are establishing sophisticated mining facilities with powerful computing hardware. However, this growth raises environmental concerns due to su...
MicroStrategy co-founder Michael Saylor (Image credit: X) MicroStrategy co-founder Michael Saylor is once again at the center of controversy after posting a provocative remark on X amid Bitcoin’s steep decline.“Sell a kidney if you must, but keep the Bitcoin,” Saylor wrote as the cryptocurrency plunged below $80,000 on Friday, marking its lowest level since November. The post quickly went viral, drawing both criticism and disbelief.Why it matter...
Bitcoin hit its highest level in a year amid renewed fervor for digital assets despite a slew of challenges for the industry.The original digital currency crossed above $31,013, its 2023 peak, to reach its highest level since June 2022, Bloomberg data show. The surge brought Bitcoin to as high as $31,410 before the gain was pared. The token is up by almost 90% since the start of the year, though still more than 50% below an all-time high of almos...
