Federal regulators are scrutinizing a growing number of companies that have embraced so-called crypto-treasury strategies this year, after unusual trading patterns in their shares caught their attention. The corporate trend has exploded in recent months, with hundreds of companies investing in crypto this year. Crypto-treasury strategies, popularized by Strategy (formerly MicroStrategy), involve raising funds through […]
Bitcoin Flash Crash Roils Crypto Market
Crypto prices dipped Monday following a so-called flash crash of Bitcoin on Sunday. And while Ethereum dipped as well, the second most popular cryptocurrency is still up significantly on the month. Bitcoin’s weekend crash is being blamed on a single whale who sold 24,000 Bitcoin, according to crypto watchers on X. Bitcoin’s most recent peak […]
New Bitcoin Purchases by the U.S. Government Still on the Table, Bessent Says
Bitcoin recently hit an all-time high of $124,400 and is up 93% from over a year ago. But fans of the cryptocurrency think it can go even higher, and those folks experienced a rollercoaster of emotions on Thursday after Scott Bessent gave conflicting signals about what the U.S. government had planned for the world’s most […]
Crypto Prices Plunge After Shock Inflation Report
The biggest cryptocurrencies in the world dipped sharply Thursday after the latest inflation data showed wholesale prices are rising much faster than expected. The price of Bitcoin is down 3.8% on the day ($117,900), Ethereum is down 4% ($4,535), and Ripple is down 6.1% ($3.07) according to CoinMarketCap. Crypto prices are responding to the Producer […]
The Big Winners of the Trump-Era Crypto Boom
The crypto world is in a state of euphoria, and it has one person to thank: President Donald Trump. Since his victory last November, the man who promised to be the “crypto president” has rolled out the red carpet for the decentralized finance industry, igniting a full-blown gold rush. In just over seven months, his […]
The SEC Just Quietly Surrendered in Its Biggest Crypto Battle
The crypto world’s biggest and most consequential legal war is finally over. Ripple Labs, a fintech giant, has just closed the book on its nearly five-year battle with the U.S. Securities and Exchange Commission, ending a fight that had become a proxy for the future of cryptocurrency regulation in America. The surprise settlement is being […]
Trump Turns 401(k)s Into Crypto Machines
A new executive order could funnel billions from American retirement accounts into Bitcoin and other digital assets, a massive win for the crypto industry and a huge new risk for your savings. President Donald Trump, who has rebranded himself as one of the world’s most powerful crypto advocates, has just signed an executive order that […]
El Salvador’s Crypto President Could Stay in Power for Decades After Changes to Constitution
El Salvador’s Legislative Assembly approved changes to the country’s constitution on Thursday that will extend presidential terms from five years to six and abolish term limits. That means President Nayib Bukele, a far-right crypto enthusiast who’s allied with President Donald Trump, could potentially stay in power for the rest of his natural life. First elected […]
Crypto Payments Are Coming to PayPal
PayPal will soon let businesses that use its digital payments platform accept more than 100 types of cryptocurrency. The fintech company announced today that it’s rolling out a new “Pay with Crypto” feature in the coming weeks, allowing merchants to accept popular digital currencies like Bitcoin, Ethereum, and XRP. The platform will support transactions from […]
Mysterious Whale Makes a 17,000,000% Profit on a 14-Year-Old Bitcoin Bet
Several Bitcoin whales—investors who hold large amounts of the cryptocurrency — have recently started cashing out after leaving their Bitcoin untouched for more than a decade. Last week, one anonymous whale sold 80,000 Bitcoin for a whopping $9.5 billion. A user on X (formerly Twitter) first flagged the massive transaction, which was later reported by […]