China

Former Mt. Gox CEO proposed a rewrite of bitcoin's code to recover $5 billion in stolen funds. Gets quickly shutdown

The former CEO of Mt. Gox has proposed a plan to rewrite Bitcoin's code in an attempt to recover approximately $5 billion in stolen funds from the infamous exchange hack. This suggestion has been met with significant backlash from the cryptocurrency community, which argues that altering Bitcoin's code could undermine its integrity and security. Critics emphasize that such a move could set a dangerous precedent and disrupt the decentralized nature of the blockchain. The proposal was quickly dismissed by many industry experts and stakeholders who advocate for maintaining the original code's stability.

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Iran crisis puts the regime's $7.8 billion crypto shadow economy in spotlight

Iran's ongoing crisis has brought attention to its substantial $7.8 billion cryptocurrency economy, which operates largely in the shadows. The regime has increasingly turned to crypto as a means to circumvent international sanctions and bolster its economy. This underground market allows for the transfer of funds and

Trump Orders Federal Agencies to Dump 'Woke' Anthropic AI After Pentagon Dispute

Former President Donald Trump has directed federal agencies to discontinue their use of Anthropic's AI technology, labeling it as "woke" following a dispute involving the Pentagon. This decision comes amid broader concerns about the influence of AI on national security and the military. Trump's

Bitcoin is stuck in a rut but JPMorgan says new legislation could be the ultimate spark

Bitcoin's price has been stagnant, hovering around $26,000, as market participants await significant catalysts for movement. JPMorgan analysts suggest that upcoming legislation in the U.S. could provide the necessary impetus for Bitcoin's resurgence. They believe that regulatory clarity may attract institutional investors and boost

Banking Regulator Floats New Stablecoin Yield Rules—Do They Hurt Coinbase?

A banking regulator is proposing new rules for stablecoin yields that could impact platforms like Coinbase. The regulations aim to ensure that stablecoin issuers maintain sufficient reserves and transparency, potentially limiting the yields they can offer to consumers. Critics argue that these rules could stifle innovation and reduce competition in

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Iran crisis puts the regime's $7.8 billion crypto shadow economy in spotlight

Trump Orders Federal Agencies to Dump 'Woke' Anthropic AI After Pentagon Dispute

Bitcoin is stuck in a rut but JPMorgan says new legislation could be the ultimate spark

Banking Regulator Floats New Stablecoin Yield Rules—Do They Hurt Coinbase?