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The US Senate is about to pass a new law to regulate stablecoins – digital currencies pegged to the value of a real-world asset like the US dollar. Both the crypto industry and even President Trump are on board. After a big procedural vote, the bill is likely to get final approval next week. Stablecoin…
The crypto market is a rollercoaster. Early 2025 saw Bitcoin, Ethereum, and XRP prices plummet, likely due to global economic jitters. But things have bounced back! By May 14, 2025, Bitcoin hit $104,159.98, and Ethereum reached $2,680.23. The Rise of Crypto Reserves Investors are now looking at crypto reserves – countries building up stockpiles of…
Goldman Sachs is suing a bankruptcy specialist who started a company using the Goldman Sachs name. A Case of Corporate Identity Theft Arian Eghbali, a 40-year-old bankruptcy specialist, registered “Goldman Sachs Capital LLC” in California in 2022. He listed himself as CEO in 2024. The twist? Eghbali has never worked for Goldman Sachs. The real…
Connecticut has officially banned all state and local governments from investing in or accepting cryptocurrency. This means no more crypto payments for taxes or government services, and no government-held crypto investments. The Ban Takes Effect The ban, part of House Bill 7082, goes into effect October 1, 2025. The law explicitly prevents state and local…
Morgan Stanley is betting big on the S&P 500, predicting it will hit new all-time highs within the next year. They don’t think the market will revisit its April lows. Why the Optimism? According to Andrew Sheets, Morgan Stanley’s global head of corporate credit research, several factors are driving this bullish outlook: Improved Earnings: Sheets…
Bitcoin’s price has been climbing lately, but not everyone’s celebrating. A veteran trader is predicting a massive crash – a potential 75% drop! The Crash Prediction Peter Brandt, a well-known trader, believes Bitcoin’s recent gains are a setup for a major price plunge. He’s forecasting a drop from the current price (around $109,000) to roughly…
Worldcoin’s blockchain, World Chain, just got a major upgrade: native support for Circle’s USDC stablecoin. This means users no longer rely on third-party bridges to use USDC on the platform. Native USDC: A Big Improvement Before this update, almost two million World App users held USDC that was bridged from other blockchains. Bridged tokens carry…
Russia is getting serious about illegal cryptocurrency mining. New rules are in the works that could mean hefty fines and even the seizure of your crypto! Big Fines and Asset Seizures The proposed rules, currently under review, lay out some pretty stiff penalties for unauthorized mining. Individuals could face fines ranging from $1,270 to $2,540,…
Binance recently released a proof-of-reserves (PoR) audit, showing some interesting details about their holdings. Let’s break it down. Ethereum and Solana: 100% Customer-Owned The audit, verified using zk-SNARK cryptography, revealed that Binance holds almost exactly the same amount of Ethereum (ETH) and Solana (SOL) as its customers have deposited. There’s practically no extra ETH or…
Connecticut has officially joined the growing number of states saying “no” to cryptocurrency investments. A new law prevents the state and its local governments from investing in, accepting payments in, or holding any cryptocurrencies. The New Law: What it Means The recently passed House Bill 7082 (HB 7082) isn’t just about crypto. It also updates…
