Solana’s memecoin factory Pump.fun shut off access to U.K. crypto traders Friday, citing “laws and regulations” affecting the runaway hit. The geoblock comes three days after the nation’s main financial regulator, the Financial Conduct Authority, warned the platform “may be providing or promoting financial services or products without our permission.” One of Pump.fun’s founders confirmed … Read more
One bitcoin is worth $100,000 — a milestone that has crypto OGs in a tizzy. Donald Trump is selling DOGE T-shirts. It’s a frenetic time for crypto. But what are my non-crypto friends texting me about? “Hawk Tuah” coin. Yep, in a very unscientific sample size of the seven friends who texted me — unsolicited … Read more
So, now we know. Operation Chokepoint 2.0 was real. There really was a co-ordinated federal government effort to de-bank crypto following the collapse of three mid-sized crypto-friendly lenders (Signature, Silvergate and Silicon Valley Bank) in March 2023. The crypto industry, led by VC-commentator Nic Carter, has long suspected and railed against de-banking. But, until today, … Read more
Cryptocurrency users who crave privacy protections had a lot to be thankful for this past Thanksgiving. Two days before the holiday, a unanimous three-judge panel of the Fifth Circuit ruled that the Treasury Department’s Office of Foreign Assets Control (OFAC) had acted in an arbitrary and capricious manner not supported by substantial evidence when it … Read more
The Financial Stability Oversight Council published its 2024 annual report Friday, addressing various risks and areas of concern within the U.S. and global financial system. As it has done for the past few years, the report highlighted the role of stablecoins and the digital asset sector more broadly — though it stopped short of suggesting … Read more
Cryptocurrencies sharply rebounded on Friday from the previous day’s lows with bitcoin (BTC) retaking $63,000 as investors quickly shrugged off worries over slightly hotter inflation readings, turning their attention to a fiscal policy update from China on Saturday.Bitcoin, the leading crypto asset by market capitalization, shot up 7% from Thursday’s trough below $59,000 after the … Read more
POPCAT reaches an all-time high as its market cap soars past $1 billion. The recent rally also pushed its Commodity Channel Index (CCI) to 143.81, well above the overbought threshold of 100. Such elevated levels often signal a potential correction, prompting traders to exercise caution. Should POPCAT maintain its upward momentum and break through the … Read more
XRP whales remain undeterred despite the cryptocurrency’s recent sideways movement. Although Ripple’s associated token has shown lackluster performance in recent weeks, large investors continue to demonstrate confidence by capitalizing on price dips. Earlier today, the crypto tracking platform Whale Alert flagged a significant transaction involving a potential whale, as 30 million XRP tokens—worth approximately $17.6 … Read more
The DOJ charged Storm, alongside fellow developer Roman Semenov, with conspiring to commit money laundering, conspiring to operate an unlicensed money transmitter and conspiring to violate sanctions law by creating and operating Tornado Cash, a crypto mixing service designed to anonymize transactions. North Korea’s Lazarus Group and other criminal entities have laundered funds through Tornado … Read more
Companies like Uber and Airbnb pioneered the operator economy when they started delivering valuable services using crowdsourced infrastructure and labor. In the process, they proved that this relatively decentralized business model could compete with, and even outperform, traditional businesses. Today, the United States is home to more operating platforms than anywhere in the world, with … Read more