Cambridge crypto entrepreneur reportedly threatened former investors with death rather than create a company.
MacDonald is currently in custody, as reported by prosecutors. He is the founder of a programming services firm named Oshen, alongside information gathered by the FBI regarding his activities. According to federal investigators, McDonald’s alleged harassment started following a deteriorating business relationship with one of his investors, who is associated with a prominent venture capital […]
Crypto company World Liberty, supported by the Trump family, receives conditional approval for a bank charter.
Federal Regulators Condition Approval for Bank Linked to Trump’s Family Federal financial regulators have provisionally given the green light for a bank to be formed by a company associated with World Liberty Financial, which is partly owned by the family of former President Donald Trump. On Friday, the Office of the Comptroller of the Currency […]
Treasury Department Approves Banking Charter for Witkoff, Crypto Company Owned by Trump Family
On Friday, the U.S. Treasury Department announced that it has granted a new banking license to World Liberty Financial, which is seen as a major event in the financial landscape, especially considering the aftermath of the 2008 financial collapse. This new charter, issued by the Office of the Comptroller of the Currency (OCC), has stirred […]
Crypto Market Update, Aug. 12: Bitcoin Falls Even with Easing Inflation
Cryptocurrency Market Update as of August 12 As of the evening of August 12, Bitcoin (BTC) was priced at $63,503.38, reflecting a decline of 0.3%. Ethereum rose slightly, up 0.2% to $1,884.51. In contrast, Solana dropped 0.4%, settling at $75.80. Overall, the market cap for cryptocurrencies dipped by 0.2%, bringing it down to $2.26 trillion. […]
Expectations for important crypto legislation diminish due to delays and the Trump ethics issue.
For around eighteen months, the cryptocurrency sector has been advocating for the CLARITY Act, a proposed legislation aimed at creating a stable regulatory framework for digital assets. Until recently, industry leaders were optimistic about the bill’s chances after navigating various challenges posed by banking lobbies and crypto skeptics. However, things took a turn this week. […]
Crypto Market Update, July 23: Bitcoin Declines as Chances of Passing Clarity Act Decrease
As of the evening on July 23rd, Bitcoin (BTC -1.26%) saw a dip of 1.56%, priced at $65,047.34. Meanwhile, Ethereum (Ethereum -2.51%) dropped 2.57% to $1,883.70. Additionally, Solana (Sol -2.10%) fell 2.43% to $76.01. Overall, the cryptocurrency market capitalization decreased by 1.2% to $2.3 trillion, largely influenced by macroeconomic factors and policy discussions that weighed […]
Bitcoin Drops 50% Even with Support for Crypto Regulations and Interest from Institutions
Bitcoin’s Recent Decline Bitcoin (BTC-USD) has seen a significant drop, losing about half its value since it peaked over $126,000 in October. It’s now at levels not experienced since September 2024. This decline has occurred even with improved hopes for crypto regulation and the absence of major scandals that previously shook the market. Historically, crypto […]
Crypto prices decline without a major reason while PUMP takes the spotlight: Crypto Markets Today
Virtual Currency Market Decline The cryptocurrency market is experiencing a downturn, with Bitcoin showing a decline as well. Currently trading at around $64,847.41, Bitcoin is down 1% since midnight UTC. Meanwhile, Ethereum has managed to hold its ground slightly better, dipping just 0.65%, even as other risk assets, like U.S. stock index futures, gain traction. […]
Elizabeth Warren States Trump Prioritized His ‘Corrupt’ Crypto Gains Over Acting as a ‘President for Working People’
Sen. Elizabeth Warren (D-Mass.) commented on Wednesday that Donald Trump has opted to be “the crypto industry’s biggest profiteer” instead of taking on the role of a leader for the working class. “Corrupt” Cryptocurrency Profits Financial disclosures show that in 2025, Trump made approximately $1.4 billion from crypto-related businesses, which is more than any publicly […]
Congress Needs to Stop Supporting Trump’s Crypto Corruption
To effectively combat Donald Trump’s authoritarian movement, it’s crucial to address one of its major financial backers: cryptocurrencies. Let’s be honest, just saying “cipher” makes many people’s eyes glaze over. It’s what lobbyists rely on. They thrive in the shadows of confusion. Yet, this is a significant story about money and power in American politics […]