Everything web3, crypto, defi, degen
In brief A former UK National Crime Agency officer, Paul Chowles, was sentenced to five and a half years for stealing 50 Bitcoin during a 2017 investigation into Silk Road 2.0. The stolen BTC’s value has risen from $77,000 at the time of the theft to over $5.6 million. Chowles used a mixing service, Bitcoin…
In brief Hungary’s updated criminal code imposes penalties up to 8 years in prison for unlicensed crypto exchange operators and up to 5 years for large-scale traders. The law targets illegal operations while allowing compliant exchanges to continue operating, though unclear implementation details have created market uncertainty. EU-licensed exchanges will be able to operate in…
President Donald Trump is reportedly intensifying his pro-crypto agenda with plans to expand access to trillions from retirement funds and ease taxation for everyday crypto use.According to a June 17 report by the Financial Times, sources familiar with the matter say the President could soon issue an executive order allowing 401(k) retirement plans to invest…
In brief Shane Donovan Moore, a former semi-pro rugby player, was sentenced to 30 months in prison for defrauding over 40 investors out of $900,000 through a fake crypto mining scheme. Moore promised 1% daily returns from mining equipment that didn’t exist, using investor money to fund a lavish lifestyle and repay earlier victims in…
Ripple’s XRP surged to a new all-time high of $3.55 on July 17, climbing more than 36% over the past week and over 13% over the past 24 hours.The rally marked XRP’s first break above its 2018 peak and came amid a broader altcoin resurgence.The surge comes amid a wider altcoin rally led by Ethereum…
In brief XRP has hit a new all-time high, with other altcoins seeing explosive gains. Solana jumped 11.44% to $175 this week, breaking key price resistance zones and technical indicators confirming trend strength. Will SOL follow XRP and Ethereum “higher”? Let’s take a look at the charts. It certainly feels like altcoin season is in…
Ethereum-focused firms BitMine and SharpLink Gaming have each surpassed $1 billion in ETH holdings.BitMine disclosed on July 17 that it now holds 300,657 ETH, valued at approximately $1.04 billion. The firm acquired its holdings at an average price of $3,461.89 per token.Conversely, SharpLink Gaming has also expanded its Ethereum position, purchasing an additional $68.4 million…
In brief XRP price set a new all-time high on Thursday, finally topping the seven-year old record. It previously peaked at $3.40 in 2018 during the ICO boom, per data from CoinGecko. Despite regulatory headwinds, which have mostly dissipated, XRP Ledger has been adopted by hundreds of financial institutions. The price of XRP rose to…
In brief The Nasdaq has filed a 19b-4 rules change request that would allow BlackRock’s iShares Ethereum Trust ETF to add staking. The filing is the latest for Ethereum funds hoping to include staking functionality. Ethereum funds have pulled in $2.3 billion worth of investment over a nine-day streak. BlackRock aims to include staking in…
In brief Ripple co-founder and XRP co-creator Chris Larsen has moved more of his coins to Coinbase. Could he be preparing to sell as XRP closes in on a new high after seven years? XRP is only pennies away from breaking its 2018 record mark of $3.40. Ripple co-founder and Executive Chairman Chris Larsen has…
