Stripe Resumes Crypto Payments with USDC After Six-Year Pause
On Wednesday, Stripe, a global leader in payments technology, followed through on its earlier promise from April to reintroduce cryptocurrency support, a move that comes six years after the company stopped accepting Bitcoin payments. Based in San Francisco, Stripe has now launched a new feature enabling businesses to accept USD Coin (USDC) from customers across […]
Fake Token By FBI Leads to Massive Fraud Arrests
The FBI recently employed a tried-and-true method to crack down on fraudulent activities within the cryptocurrency space, setting a new precedent in crypto market enforcement. In a carefully orchestrated sting, the agency created a counterfeit crypto token called NexFundAI, an Ethereum-based token, to lure bad actors. Over the course of several months, the FBI gained […]
Bitcoin Braces for ‘Capitulation’ Amid Liquidity Concerns and Potential Drop Below $50K
In a recent update shared on X (formerly Twitter) on Oct. 10, analyst Cole Garner predicted that a significant “capitulation” may be on the horizon for the Bitcoin market. BTC price “range lows” still in play While Bitcoin stands to benefit from global liquidity trends in the long run, traders may be in for a […]
Who Exactly is Peter Todd, the man HBO identified as Satoshi Nakamoto?
HBO’s documentary Money Electric: The Bitcoin Mystery has pointed to Peter Todd as a candidate for Bitcoin’s enigmatic creator, Satoshi Nakamoto. At 39 years old, the Canadian is recognized for his extensive involvement as a Bitcoin core developer, consultant, and creator of various cryptocurrency and blockchain applications. Despite the claims made in the documentary, Todd […]
HBO Claims Peter Todd is Satoshi Nakamoto
HBO’s latest documentary seeks to unveil the identity of Bitcoin’s enigmatic creator, Satoshi Nakamoto, and points to Canadian Bitcoin core developer Peter Todd as the mastermind behind the cryptocurrency. According to a report from Politico on October 9, Cullen Hoback, the producer of Money Electric: The Bitcoin Mystery, presents evidence suggesting Todd is Nakamoto during […]
Justice Alexandre de Moraes Orders Restoration of X in Brazil Within 24 Hours
Social media platform X is set to be reinstated in Brazil within 24 hours, following an October 8 ruling by Justice Alexandre de Moraes. X was originally suspended on August 30 for failing to comply with court orders tied to an investigation into the spread of misinformation across the country. In his ruling, Justice Moraes […]
Bankruptcy Court Greenlights FTX’s Restructuring Plan
U.S. Bankruptcy Judge John Dorsey has officially signed off on a plan for FTX, the once-prominent cryptocurrency exchange, to wind down its operations and begin compensating its users. During a court session on October 7 in the Delaware Bankruptcy Court, Judge Dorsey gave his approval for FTX’s liquidation strategy. This plan will allow the company […]
Trump Reportedly Considers Robinhood Exec for Top SEC Role
Several former U.S. regulators and securities attorneys have suggested that Dan Gallagher, Robinhood’s chief legal officer, might be in the running to head the Securities and Exchange Commission (SEC) under Donald Trump, should he win the 2024 presidential election. Pro-crypto administration? Gallagher, who previously served as an SEC commissioner from 2011 to 2015, joined Robinhood […]
US Supreme Court Rejects Appeal in $4.4 Billion Silk Road Bitcoin Case
The U.S. Supreme Court has opted not to hear a case involving the ownership of 69,370 Bitcoin, valued at approximately $4.38 billion, which was confiscated by the government from the Silk Road dark web marketplace. The petition was filed by Battle Born Investments, a firm claiming it had acquired the rights to the Bitcoin through […]
UAE Removes VAT on Cryptocurrency Transfers and Conversions
Amendments to the United Arab Emirates’ value-added tax (VAT) regulations will now exempt the transfer and conversion of digital assets, including cryptocurrencies. On October 2, the UAE’s Federal Tax Authority (FTA) introduced changes to the VAT framework. As reported by PwC, a global business consultancy, these updates include VAT exemptions for additional services, such as […]