Tag: Blockchain

SEC Crypto Task Force Expected to Release Initial Report Within Months

New SEC Chair Paul Atkins recently addressed lawmakers in one of his first public appearances since taking the helm at the U.S. Securities and Exchange Commission, outlining his early priorities—including the regulation of digital assets. During a May 20 congressional hearing focused on SEC oversight, Atkins emphasized his commitment to placing crypto regulation at the […]

Argentina’s Milei Disbands LIBRA Scandal Investigation Unit

Argentinian President Javier Milei has officially shut down the special unit tasked with probing the controversial collapse of LIBRA, a cryptocurrency he had previously promoted on social media before its value plummeted to zero. According to government records, the dissolution of the Investigative Task Unit (ITU) was enacted through a decree issued on May 19 […]

Germany Forfeited $2.3B in Potential Gains After Premature Bitcoin Sale

Germany missed out on a profit of over $2 billion by selling its Bitcoin stash too early in 2024, according to data from blockchain analytics firm Arkham. A wallet tagged as belonging to the German Federal Criminal Police Office (BKA) offloaded roughly 49,858 BTC — valued at around $2.89 billion at the time — during […]

Strategy Buys 7,390 BTC for $765M While Facing Legal Action

Strategy, the company formerly known as MicroStrategy and the leading corporate holder of Bitcoin, made headlines again after acquiring another large batch of the digital asset—just as a class-action lawsuit emerged against the firm. On May 19, Strategy revealed it had purchased 7,390 BTC for approximately $764.9 million, paying an average of just under $103,500 […]

Metaplanet Acquires Over 1,000 Bitcoin in Its Second-Largest Purchase to Date

Japanese investment powerhouse Metaplanet has expanded its Bitcoin reserves with one of its biggest acquisitions yet, securing 1,004 BTC as the cryptocurrency approaches its all-time high—just 3% shy. Announced on May 19, the firm revealed it spent roughly 15.2 billion yen (around $104.6 million) to make the purchase, boosting its total Bitcoin holdings to approximately […]

Coinbase Faces Multiple Lawsuits Following User Data Breach

Coinbase is under mounting legal pressure after revealing a recent breach that compromised customer information, with numerous users claiming the company mishandled both the breach and its aftermath. Between May 15 and May 16, at least six separate lawsuits were filed against the crypto platform. The suits accuse Coinbase of failing to uphold adequate cybersecurity […]

UK to Mandate Full Reporting on Crypto Transactions by 2026

Starting January 1, 2026, crypto firms operating in the United Kingdom will be required to collect and submit detailed information for every digital asset trade and transfer, as part of the government’s initiative to enhance tax transparency in the crypto space. According to a statement released by HM Revenue and Customs (HMRC) on May 14, […]

Altcoins Poised for Biggest Surge Since 2017, Say Analysts

The altcoin market — excluding Ethereum (ETH) — has gained a massive $126 billion in the second quarter of 2025, stirring hopes that a long-awaited altseason could finally be kicking off. Crypto analyst Javon Marks recently pointed to a breakout that could rival the historic rally of 2017. In a recent post on X, Marks […]

Coinbase Shares Fall 7% Amid Data Breach and Ongoing SEC Inquiry

Coinbase shares took a sharp hit, dropping 7% to $244 in after-hours trading on May 15, following revelations of a customer data breach and an active SEC investigation into previously reported user numbers, according to Google Finance. The company has acknowledged the incidents, which were first reported by The New York Times. The SEC is […]