CRYPTO
Jack Mallers’ Twenty One Capital Wins Approval for CEP Merger, Poised for Public Debut on Nasdaq
Twenty One Capital, Inc. (“Twenty One”) led by CEO Jack Mallers and Cantor Equity Partners, Inc. (“CEP”) announced on the 3rd of December that their shareholders approved the combination of the two businesses, meaning that Twenty One is set to go public very soon. The vote is expected to have received […]
Japan Moves to Mandate Reserves for Crypto Exchanges as Hacks Mount
Japan’s FSA plans to require crypto exchanges to hold liability reserves to compensate customers for losses from hacks, failures, or bankruptcies. Japan is preparing another major tightening of its digital-asset rulebook, with the Financial Services Agency (FSA) planning to require crypto exchanges to set aside liability reserves to compensate customers in the […]
Kraken Files for IPO After $800 Million Fundraising at $20 Billion Valuation
Kraken filed confidentially for a U.S. IPO after an $800 million fundraising that valued the exchange at $20 billion. Kraken, one of the longest-running crypto exchanges, has taken a major step toward going public, filing for a U.S. initial public offering (IPO) through its parent company, Payward, Inc. The draft […]
Strike CEO Jack Mallers Debanked by JPMorgan as Bank Faces Epstein Tensions
JPMorgan Chase abruptly closed Strike CEO Jack Mallers’ accounts, citing “concerning activity,” reigniting crypto debanking fears amid the bank’s ongoing Epstein controversies. Strike CEO Jack Mallers said JPMorgan Chase abruptly closed his personal bank accounts last month without providing a clear explanation, sparking fresh debate over the banking industry’s treatment […]
House Republicans Officially Confirm “Operation Choke Point 2.0” Targeted Bitcoin And Crypto Firms
A new 50-page House Financial Services Committee report formally documents what Republicans call a Biden-era “Operation Chokepoint 2.0,” detailing how regulators pressured banks to avoid crypto while publicly denying any discouragement. Republicans on the House Financial Services Committee have released a 50-page report detailing what they describe as a systematic […]
Texas Buys $5M in BTC ETF as States Edge Toward First Government Crypto Reserves
The effort is starting small, but Texas made an opening foray into a state-based crypto reserve — getting closer to the first government stockpile in the U.S. What to know: Texas took a step toward building a state-based crypto reserve, grabbing $5 million of BlackRock’s bitcoin exchange-traded fund, officials told […]
Swedish Buy Now, Pay Later Giant Klarna Rolling Out Stablecoin with Stripe’s Bridge
Digital bank Klarna’s stablecoin, issued by Stripe’s Bridge on top of the upcoming Tempo blockchain, is set to debut next year. What to know: Klarna, the Sweden-based digital bank known for its “buy now, pay later” offering, said Tuesday that it will debut a U.S. dollar stablecoin, becoming the latest global fintech […]
Cardano Temporarily Splits Into Two Chains as Attacker Claims to Use Possible AI-Generated Script to Exploit a Known Bug
The divergence emerged when newer nodes accepted a malformed transaction that older nodes rejected. What to know: A malformed transaction pushed Cardano into a brief chain split in late U.S. hours on Friday, as older and newer node versions validated transaction data submitted to the network differently. The mismatch caused […]
Strategy and Bitcoin supporters call for ‘boycott’ of JP Morgan
The tension erupted following news that Strategy and other crypto treasury companies would likely be excluded from major market indexes. The backlash against financial services company JP Morgan from the Bitcoin community and supporters of BTC treasury company Strategy continued to swell on Sunday as calls to “boycott” JP Morgan […]
Samourai Wallet Co-Founder Bill Hill Sentenced to 4 Years in Prison for Unlicensed Money Transmitting
The 67-year-old Hill’s recent autism diagnosis, as well as his advanced age, seemed to serve as mitigating factors for the sentencing judge. What to know: NEW YORK — William “Bill” Hill, 67, one of the co-founders of Bitcoin mixer Samourai Wallet, was sentenced to four years in prison on Wednesday for […]
