Malone Lam, a 22-year-old Singapore native living in Miami, has pleaded guilty to masterminding an international cybercrime ring that stole $245 million in cryptocurrency to fund an extravagant lifestyle.
Nasdaq is reportedly investing $100 million in Payward, the parent company of cryptocurrency exchange Kraken, in a deal valuing the firm at $21 billion to develop tokenized equities infrastructure.
U.S. Treasury Secretary Scott Bessent has strongly urged the Senate to pass the crypto Clarity Act following a delayed vote, emphasizing national security and American leadership in digital assets.
Republican Senator Cynthia Lummis criticized Democrats ahead of the upcoming Senate vote on the crypto Clarity Act, warning that failure to pass the bipartisan legislation could stall digital asset regulation for years.
The National Sheriffs’ Association has withdrawn its opposition to the crypto Clarity Act, adopting a neutral stance as a Senate vote approaches this month to establish a digital asset regulatory framework.
U.S. Representative French Hill stresses the need for bipartisan support to pass the cryptocurrency Clarity Act before the September 15 vote, highlighting remaining discussions over ethics provisions.
Bitcoin Magazine Bitcoin’s ‘Unusual Mix’: Bearish Inflation Print, Bullish Buyback Failure A new CoinShares report said bitcoin's price could be hurt in the short-term but benefit in the long-term. This post Bitcoin’s ‘Unusual Mix’: Bearish Inflation Print, Bullish Buyback Failure first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Blockstream refuses to pay a ransom to hackers holding 598.5 bitcoins from a Liquid network theft, declaring the act a crime and vowing to work with law enforcement to recover the remaining funds.
Italy's second-largest bank, UniCredit, is exploring the launch of cryptocurrency custody services and digital asset infrastructure, joining other European financial institutions expanding into crypto under new EU regulatory frameworks.
The UK House of Lords dealt the government a legislative defeat by voting to mandate a national strategy for digital asset regulation, pushing for a comprehensive framework covering cryptoassets and stablecoins.
Bitcoin Magazine Bitcoin Price Spikes, Shrugs off Hot US Inflation Data The price of bitcoin is up, despite the fact that an interest rate hike could be just around the corner. This post Bitcoin Price Spikes, Shrugs off Hot US Inflation Data first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.