Tag: News

$20 Million Bitcoin Laundering Ring Busted in China

Chinese authorities uncovered a Bitcoin laundering operation that ran out of a major tech company. The scheme, worth nearly $20 million, was uncovered inside Kuaishou, one of China’s largest short-video platforms. The investigation was led by officials in Beijing’s Haidian District and has quickly become one of the country’s...
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Tron Inc Files to Raise $1 Billion After Merger

Tron Inc has filed with the SEC to raise up to $1 billion through a combination of debt and equity. The company, which used to operate under the name SRM Entertainment, recently completed a merger with Justin Sun’s Tron project. The filing comes on the heels of a strong...
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Anthony Scaramucci Says It’ll Be A ‘Big Deal’ If Jamie Dimon-Led JPMorgan Allows Lending Against Bitcoin

Anthony Scaramucci, the founder of SkyBridge Capital, said Monday that JPMorgan Chase & Co.’s (NYSE:JPM) reported plan to allow clients to borrow against their Bitcoin (CRYPTO: BTC) holdings has the potential to change the financial dynamics of the leading cryptocurrency. What Happened: In an X post, Scaramucci described the banking behemoth’s reported plans...
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Bitcoin Mining Power Nears New Record: 7-Day Hashrate Hits 942 EH/s

On-chain data shows the weekly average Bitcoin Hashrate has surged to 942 EH/s, putting it within striking distance of the all-time high (ATH). Bitcoin Hashrate Has Gone Through A Recovery Run The “Hashrate” refers to a Bitcoin indicator that keeps track of the total amount of computing power that...
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CoinShares Reports $1.9B in Weekly Crypto Inflows, Ethereum Leads the Pack

The digital asset investment space maintained its upward trajectory last week, with inflows into crypto investment products reaching $1.9 billion, according to the latest data published by CoinShares. This marks the 15th straight week of positive net inflows, indicating sustained institutional interest even as market conditions remain volatile. The...
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SUI, SOL, and More: $686M Token Unlock Wave Set for This Week

A fresh wave of token unlocks is set to hit the crypto market this week, with over $686 million worth of assets entering circulating supplies. The releases are arriving just as Bitcoin (BTC) staged a fragile recovery from a sell-off last week, triggered when Galaxy Digital offloaded huge amounts...
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