Bitcoin Bull Chamath Palihapitiya Files for $250M SPAC Targeting DeFi & AI
Chamath Palihapitiya, the billionaire investor often dubbed the SPAC King, and a long-time Bitcoin supporter, has launched a new venture to raise $250 million through a Special Purpose Acquisition Company (SPAC) . The vehicle, named American Exceptionalism Acquisition Corp. A, is preparing to list on the New York Stock Exchange under the ticker symbol AEXA. […]
Judge Recommends Dismissing Most Claims Against Logan Paul in CryptoZoo Case
A federal magistrate judge has recommended dismissing most of the claims against YouTube star Logan Paul in the high-profile CryptoZoo class-action lawsuit, handing the influencer a major step toward escaping legal liability. The ruling, issued on August 19, suggests that investors who sued over losses tied to CryptoZoo, a blockchain-based NFT project promoted by Paul, […]
BTCS to Pay $0.40 per Share in Ethereum to Reward Loyalty and Curb Short-Sellers
BTCS Inc. has announced a groundbreaking initiative to reward shareholders with Ethereum while discouraging predatory short-selling. The company will distribute a combined $0.40 per share in ETH through a one-time dividend and a loyalty payment, marking the first time a public company has offered dividends in Ethereum. Under the plan, shareholders can receive a $0.05 […]
Pantera Capital Invests $300 Million in Crypto Treasury Firms, Predicts Gains Could Surpass ETFs
Pantera Capital has committed $300 million to a group of fast-growing crypto treasury companies, expressing confidence that their performance could outpace traditional crypto exchange-traded funds (ETFs) and direct token holdings. According to Pantera, these companies, known as Digital Asset Treasuries (DATs), can generate yield through staking and decentralized finance (DeFi) lending. This yield increases their […]
US Authorities Seize $1M and Shut Down Websites Linked to Crypto Ransomware Gang BlackSuit
US law enforcement agencies have dismantled the online infrastructure of the notorious ransomware group BlackSuit, seizing more than $1 million in cryptocurrency linked to the gang’s illicit activities. The takedown is part of a broader effort to combat cybercriminal groups that target businesses, hospitals, and government agencies with ransomware attacks . The Justice Department announced […]