Tehran launched waves of missiles and drones targeting Israel, U.S. bases, and Gulf allies, with explosions reported in Dubai, Kuwait, and Bahrain. What to know: What started as an Israeli strike on Iran hours earlier has escalated into the broadest Middle Eastern military conflict in decades, posing a risk to […]
As Citi plans to integrate Bitcoin into bank-grade custody and reporting frameworks, Morgan Stanley moves to bring crypto trading, lending exploration and tokenized products to mainstream wealth clients. What to know: Citigroup (C) plans to launch institutional bitcoin custody later this year, part of a broader push to integrate digital […]
Instead of investing in bitcoin and foreign currency trading, as promised, Palafox used new investor funds to pay old ones and siphoned millions for personal use. What to know: The CEO of Praetorian Group International (PGI) was sentenced to 20 years in prison in the U.S. for running a global Ponzi scheme […]
A significant increase in housing costs makes home ownership unattainable for many Gen Z individuals, leading to financial nihilism, said CoinFund’s David Pakman. What to know: The surge in speculation driving prediction markets and leveraged bets on various sectors isn’t reckless, it’s rational, according to CoinFund managing partner David Pakman. […]
Miners are facing significant challenges, with bitcoin revenue per petahash falling by half from a peak of $70 to $35. What to know: Bitcoin’s mining difficulty dropped by around 11%, its largest decline since China’s 2021 crackdown on the industry, after a sharp decline in hashrate triggered by plunging prices […]
Strategy Executive Chairman Michael Saylor affirmed the firm’s commitment to a long-term bitcoin strategy following major fourth quarter losses and a continued plunge in prices early this year. What to know: Concerns that Strategy (MSTR) will be forced to sell bitcoin amid falling prices are “an unfounded concern,” chairman Michael […]
A U.S. judge sentenced Daren Li to 20 years for a $73 million crypto fraud. The scam used Cambodia-based compounds to target victims via social media and dating apps. What to know: A federal judge in California sentenced in absentia a dual national of China and St. Kitts and Nevis […]
The incarcerated former leader of the failed crypto exchange wants a new chance to defend against fraud charges. What to know: Sam Bankman-Fried, the former CEO of collapsed crypto exchange FTX, is seeking a new trial, according to a request filed in a New York federal court by his mother. […]
“401ks exist to help people save for a secure retirement, not gamble on speculative assets,” said an industry observer. What to know: Bitcoin’s 50% plunge from its October peak has done more than just erase $2 trillion in market value — it has reignited a fierce debate over the fiduciary […]
Braden John Karony had been convicted last year on several federal charges, and he’s ordered to pay back $7.5 million in restitution. What to know: Former SafeMoon CEO Braden John Karony will face an 8-year prison sentence after being convicted last year on a string of federal charges tied to defrauding investors […]