Three years on from its Diem experiment crashing, Meta is returning to the crypto sphere this time with a measured and adoption-based approach. Rather than launching its own digital token, Meta is exploring stablecoins such as USDC and USDT to reward content creators on its platforms, including Facebook, Instagram, and
German law enforcement has confiscated €34 million ($38 million) in cryptocurrency from eXch, a crypto-swapping platform tied to the $1.4 billion Bybit hack. Authorities announced the seizure on May 9, calling it the third-largest crypto confiscation in Germany’s history. The Federal Criminal Police Office (BKA) and Frankfurt’s prosecutor’s office led
Coinbase has announced a major move in its global expansion strategy by acquiring Deribit, the leading crypto options exchange, in a deal worth $2.9 billion. The transaction includes $700 million in cash and 11 million shares of Coinbase stock, marking one of the largest crypto acquisitions to date. The deal
David Bailey, CEO of BTC Inc. and a key crypto advisor to Donald Trump, is making waves in the digital asset industry with the launch of a new bitcoin investment company named Nakamoto. The venture, which has secured $300 million in funding, is set to go public and aims to
Arizona is making history by becoming the first state in the U.S. to actively manage unclaimed cryptocurrency. Governor Katie Hobbs recently signed House Bill 2749 into law, allowing the state to take ownership of digital assets that have been abandoned for at least three years. This new legislation paves the
Binance founder CZ has confirmed that he has formally applied for a U.S. presidential pardon. He announced this during the May 5 interview with Farokh Sarmad on the Rug Radio podcast. This marks the first time Zhao publicly acknowledged the pardon request. Zhao explained that his legal team applied two
Senate Democrat Richard Blumenthal has initiated a preliminary inquiry into President Donald Trump’s crypto connections. He raised concerns about potential conflicts of interest and legal violations. As ranking member of the Senate Permanent Subcommittee on Investigations, Blumenthal sent formal inquiry letters Tuesday to executives at two Trump-associated crypto companies. Bill
The U.S. Internal Revenue Service (IRS) has appointed Trish Turner as the new head of its digital assets division. Her promotion follows the sudden departure of Sulolit “Raj” Mukherjee and Seth Wilks, two private-sector experts who previously co-led the IRS crypto unit. Turner has worked at the IRS for over
The chief executive officer of Coinbase, Brian Armstrong has asserted that congress needs to progress the Stablecoin and market structure bills. He also hopes to pass the bill before August 2025. The CEO requested an immediate action from Congress through his recent post on the matter of progressing its Stablecoin
Binance has recently collaborated with the National Agency for Investments of Kyrgyzstan to enforce crypto payment infrastructure and introduce blockchain education programs. At the time of the inaugural meeting of the Council for Development of Digital Assets, conducted on May 4, the government of Kyrgyzstan assured that the strategic collaboration
