NewsRoom Articles - Page 3 of 167

TuesdayMar 04, 2025 10:00 am

President Trump to Host Crypto Roundtable This Week

President Donald Trump is set to host a cryptocurrency summit, as announced by the White House. The March 7 event will be led by David Sacks, the White House’s lead on cryptocurrency and artificial intelligence, along with Bo Hines. Trump himself will also address attendees during the summit, according to the White House statement released on Friday. The summit will include top figures from the cryptocurrency industry, such as CEOs, founders, and investors. While the White House did not disclose all participants, the event follows a significant milestone for Sacks, who spoke publicly for the first time as Trump’s crypto…

MondayMar 03, 2025 9:51 am

Bitcoin Events Unveils the World’s First Strategic Bitcoin Reserve Summit

Bitcoin Events is thrilled to announce the launch of the groundbreaking Strategic Bitcoin Reserve Summit—the first-ever event dedicated to the rise of Bitcoin reserves and their game-changing role in institutional finance. This exclusive virtual summit, taking place on April 15, 2025, will bring together global financial leaders, policymakers, and industry pioneers to debate one of the most urgent and disruptive shifts in modern finance. A Historic Turning Point: Trump’s U.S. Crypto Strategic Reserve Shakes Global Finance On March 2, 2025, U.S. President Donald Trump made financial history by signing an Executive Order establishing the U.S. Crypto Strategic Reserve—a bold and…

FridayFeb 28, 2025 10:00 am

Crypto Market Loses $110bn as Trump Slaps Tariffs on Canada and Mexico

The cryptocurrency market experienced a sharp decline on Monday, erasing over $110bn in value as Bitcoin (BTC) and altcoins dropped to their lowest levels in weeks. This sudden downturn followed a period of stability and was driven by growing economic concerns and unsettling developments within the crypto asset sector. Leveraged positions lost $882 million as a result of the sell-off, making it one of the biggest liquidations in recent weeks. Over 284,000 crypto traders were forced to exit their trades, with those holding long positions suffering the most severe losses. Bitcoin’s value plummeted from $96,954 to a monthly low of…

ThursdayFeb 27, 2025 10:00 am

Coinbase Says the SEC is Dropping its Case Against the Exchange

Coinbase, the largest crypto exchange in the U.S., announced on Friday that the SEC intends to drop its lawsuit against the exchange. This decision indicates a shift in regulatory approach under the Trump administration, which appears to be more supportive of the industry. In a statement named “Righting a Major Wrong,” Coinbase revealed that SEC officials had reached a preliminary agreement to dismiss the lawsuit that was originally filed during President Biden’s tenure. The lawsuit accused the exchange of operating as an unregistered securities broker. However, the SEC still needs to hold a formal vote to officially drop the case.…

TuesdayFeb 25, 2025 10:00 am

ByBit Suffers $1.5bn Hack, the Largest Heist So Far

Crypto exchange Bybit suffered a major security breach on Friday, resulting in the theft of nearly $1.5 billion worth of Ethereum. The exchange reported that on February 21 at around 12:30 PM UTC, unauthorized access was detected in one of its Ether Cold Wallets during a routine transaction. The transfer was intended to move Ether from Bybit’s EtherMultisig Cold Wallet to its Hot Wallet. However, the transaction was compromised by an advanced cyberattack that tampered with the smart contract’s logic and manipulated the signing interface, allowing the hacker to seize control of the Cold Wallet. As a consequence, more than…

FridayFeb 21, 2025 10:00 am

ESMA Invites Public Input on Draft Standards for Cryptocurrency Service Providers

The European Securities and Markets Authority (ESMA) is inviting public input on proposed standards regarding the knowledge and qualifications required for cryptocurrency service firms. In a consultation paper published on February 17, ESMA introduced new guidelines aimed at ensuring that professionals working for crypto service firms possess the necessary expertise and training to offer guidance or information on digital assets. The goal of these regulations is to establish a baseline level of competency among employees providing such services, reinforcing investor protection and enhancing confidence in the crypto market under the EU’s Markets in Crypto-Assets (MiCA) framework. Given the unpredictable nature…

ThursdayFeb 20, 2025 10:00 am

GameStop Considers Bitcoin, Other Crypto Investments

Video game company GameStop is reportedly looking into investing in Bitcoin and other cryptos. Insiders say GameStop is assessing various investment opportunities, particularly in alternative assets like crypto, with a strong focus on Bitcoin. Following these reports, GameStop’s stock surged by nearly 20%. Despite the buzz, GameStop has not yet made a final decision. The firm is still assessing whether such investments align with its overall business strategy, according to one source familiar with the situation. Further raising speculation, Ryan Cohen, GameStop CEO, posted a photo on X alongside Michael Saylor, the co-founder of MicroStrategy, a company known for its…

WednesdayFeb 19, 2025 10:00 am

SEC Could Pause Many Lawsuits While Awaiting Crypto Regulatory Clarity

Binance and the Securities and Exchange Commission (SEC) jointly requested a pause in their ongoing lawsuit earlier this month. The filing referenced the newly established cryptocurrency task force and the expectation of clearer regulations, particularly regarding whether certain crypto assets should be classified as commodities or securities. The decision to pause legal action against Binance has increased speculation that similar lawsuits involving other crypto firms, initiated under the previous SEC leadership led by Gary Gensler, may also be put on hold. Throughout Gensler’s tenure, the agency faced criticism from policymakers and crypto industry stakeholders, who accused it of exceeding its…

FridayFeb 14, 2025 10:00 am

Hackers Promote Fake Crypto Using Social Media Accounts of Kenyan Police

The Kenyan Directorate of Criminal Investigations (DCI) announced on February 9 that it had successfully recovered access to its Facebook and X accounts which had been compromised by hackers. According to the law enforcement unit, the cybercriminals had used the accounts to promote a fraudulent crypto. Following the recovery of its accounts, the DCI stated that it had launched an investigation into the incident. The agency’s statement confirming the security breach came just hours after the hackers had introduced a cryptocurrency coin named DCI. Reports suggest that the cybercriminals attempted to lure Kenyans by presenting the token as a blockchain…

ThursdayFeb 13, 2025 10:00 am

BTC Demand Soars in Japan on Trump’s Crypto-Friendly Stance

The impact of President Donald Trump’s pro-cryptocurrency stance has triggered a surge in Bitcoin interest in Japan, leading one hotel operator to shift gears and reap substantial gains. Metaplanet Inc. has seen its stock skyrocket nearly 4,800% over the past year, making it the top-performing stock in Japan and one of the highest-gaining equities worldwide, according to Bloomberg data. The firm is among several companies attempting to follow in the footsteps of Michael Saylor’s firm, previously known as MicroStrategy Inc. Based in Tysons Corner, Virginia, the company has become a major Bitcoin investment vehicle, holding over $45 billion worth of…