Crypto groups criticize FTC “kill switch” proposal after Nomad hack
Cryptocurrency trade associations in the United States have condemned a complaint lodged by the Federal Trade Commission, which alleged that a Utah-based company violated the law by developing software lacking a designated kill button. The software, a cryptocurrency bridge named Nomad, was hacked for around $200 million in 2022. Despite the developers’ successful recovery of […]
South Korean prosecutors investigate missing seized Bitcoin
Investigators at the Gwangju District Prosecutors’ Office in South Korea are examining the disappearance of a substantial quantity of bitcoin confiscated in a criminal case, following an internal review that indicated a potential loss while under state custody, as reported by Yonhap News on Thursday. According to the report, prosecutors contend that the bitcoin was […]
Saylor hints at more Bitcoin buys after $2B purchase
Michael Saylor has hinted at more accumulation by stating, “Thinking about buying more Bitcoin,” when both Strategy’s stock and BTC see a decline. Strategy executive chairman Michael Saylor said that the company’s Bitcoin acquisition initiative is unlikely to decelerate in the near future, sharing a succinct yet significant remark on X: “considering purchasing additional Bitcoin.” […]
BitGo prices U.S. IPO above range, targets $212.8M
BitGo Holdings Inc. a cryptocurrency custodian, has set the price of its U.S. initial public offering at $18 per share, exceeding its earlier projected range of $15 to $17, as disclosed by the firm on Wednesday. The pricing establishes its offering at around $212.8 million, indicating a valuation over $2 billion. The offering consists of […]
Bitcoin Price Rebounds as Trump Steps Back From Greenland Tariff Plan
Bitcoin price rebounds during Asian trading hours after President Donald Trump backed off tariff threats against Greenland during his appearance at the World Economic Forum in Davos. The move concluded a turbulent 24-hour period for cryptocurrency markets, which earlier in the week were pushed lower by global risk-off sentiment triggered by Trump’s warnings about Europe, […]