Crypto News Today: Solana Co-Founder Opposes US Crypto Reserve, Mt. Gox Moves $1 Billion in Bitcoin, and Trump’s Strategic Bitcoin Reserve Plan
Solana Co-Founder Criticises Trump’s Crypto Reserve Plan Anatoly Yakovenko, co-founder and CEO of Solana, has voiced opposition to the idea of a US national cryptocurrency reserve, arguing that government control could undermine decentralisation. On March 6, Yakovenko shared his stance on X, stating that his first preference would be to
BitsCrunch Acquires Nidum AI to Establish a Decentralized AI Compute Network
Blockchain Firm Expands AI Capabilities Through Strategic Acquisition Blockchain analytics company bitsCrunch has announced the acquisition of Nidum AI, a decentralized AI computing platform, in a move aimed at building a global network of high-performance AI compute nodes. The acquisition, revealed on Wednesday, marks a significant step toward enhancing AI-driven
Ripple Supports Launch of Crypto Nonprofit with $50M Grant
Blockchain Firm Continues Legal Battle with SEC as CEO Prepares for White House Summit Ripple Labs has announced its involvement in launching a nonprofit organization dedicated to educating the public on cryptocurrency and its impact on businesses and individuals. The firm will provide a $50 million grant to fund the
Animoca Brands Reports 12% Revenue Growth as AI Cuts Costs
Bookings Rise to $314 Million in 2024 Animoca Brands has reported a 12% year-on-year increase in bookings, reaching $314 million in 2024. The growth has been attributed to continued innovation, expansion into new sectors, and a shifting regulatory landscape in the United States. Bookings, a key financial metric in the
Bybit Hacker Launders $1.4 Billion in Record Time, But Some Funds May Be Recoverable
A hacker responsible for the largest crypto heist in history has successfully laundered over $1.04 billion worth of stolen funds in just ten days. Despite this, blockchain security experts remain optimistic that a small portion of the assets may still be traced and recovered. Bybit Suffers Historic $1.4 Billion Hack
Coinbase Files FOIA to Uncover SEC’s Crypto Enforcement Costs
Crypto Exchange Seeks Transparency Over Regulatory Spending Coinbase has filed a Freedom of Information Act (FOIA) request to determine how much the US Securities and Exchange Commission (SEC) spent on enforcement actions against cryptocurrency firms. Paul Grewal, Coinbase’s chief legal officer, announced the move on 3 March via X, stating
Bitcoin’s Rising Activity Signals Potential Market Reversal
Bitcoin’s Surge in Active Addresses Hints at Market Bottom Bitcoin’s increasing on-chain activity suggests the crypto market could be nearing a turning point following its recent correction. Active addresses on the Bitcoin network have surged to a three-month high, indicating a potential shift in market sentiment. On 28 February, the
Bybit Hackers Resume Laundering, Moving 62,200 ETH Amid US Crackdown
Lazarus Group Accelerates Fund Transfers Following Bybit Hack Hackers responsible for the $1.4 billion Bybit exploit have resumed laundering operations, moving another 62,200 Ether (ETH) on 1 March. The transfer, valued at approximately $138 million, brings the total amount moved to 343,000 ETH, leaving 156,500 ETH still to be laundered,
Bitcoin Faces Potential Correction to $72K as Investor Sentiment Plummets
Market Weakness Signals Possible Retracement Bitcoin may see a brief pullback to the $72,000 support level as investor sentiment weakens, limiting the chances of an immediate market recovery. The drop in confidence has reached levels last seen in 2022, raising concerns over further downside movement. The leading cryptocurrency hit a
Ondo Becomes First RWA Provider on Mastercard’s Multi-Token Network
Ondo Finance Brings Tokenised Treasuries to Mastercard’s Blockchain Network Ondo Finance has announced that it will be the first provider to bring real-world assets (RWAs) to Mastercard’s Multi-Token Network (MTN). The partnership, revealed on Wednesday (26 February), will see Ondo’s short-term U.S. government treasury fund (OUSG) become the first tokenised
