Judge labels 2 obscure altcoins as commodities in $120M Ponzi case

The business intelligence firm has now amassed 129,699 BTC at an average price of $30,644, according to CEO Michael Saylor. Business intelligence firm MicroStrategy has added to its Bitcoin (BTC) holdings, reaffirming CEO Michael Saylor’s bullish outlook on the digital asset despite its recent struggles. In a Form 8-K filing with the United States Securities and…

While serious institutional interest in crypto is perhaps becoming more of an established trend than an emerging narrative, the focus of big-money players is usually on Bitcoin (BTC). However, assets like Ether (ETH) and decentralized finance (DeFi) are beginning to pique the attention of major investors.For Siam Commercial Bank (SCB), DeFi is a major focus…

Two alleged crypto Ponzi scheme operators have requested that a New Jersey federal court grant their release from jail over concerns that the facility will soon host a COVID-19 outbreak.Matthew Goettsche and Jobadiah Weeks submitted separate motions petitioning the Essex County Correctional Facility in Newark, New Jersey for their release on March 20 and 23,…

US President Donald Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders to discuss regulatory policies, stablecoin oversight, and the potential role of Bitcoin in the US financial system. The attendees will include “prominent founders, CEOs, and investors from the crypto industry,” along with members of the President’s

Tether Holdings Limited, the company behind the USDT stablecoin, released an independent accountant report on Monday claiming that its tokens are fully backed by its reserves. Moore Cayman, an accounting network based in the Cayman Islands, reviewed Tether’s latest Consolidated Reserves Report, or CRR, and determined that the company met its reserve obligations for the period…

The IOTA Foundation has launched the Trinity wallet, as the organization announced in a press release on July 2.The announcement advertises the Trinity wallet as an improve to both ease-of-use and security for users conducting transactions in IOTA, with the purported goal of appealing to both new and advanced users.Reportedly, the wallet’s beta version has…

Blockchain is undergoing a critical turning point, shifting from an emerging technology into a useful business tool that enterprises want to incorporate into existing IT stacks. As more companies continue to explore how blockchain can help achieve digital transformation, major cloud service providers are showing increased interest. For example, Google Cloud recently became a network block…