Shaq Writes $1.8 Million Check to Resolve His Crypto Issues
Shaquille O’Neal Settles Lawsuit Linked to FTX Shaquille O’Neal can breathe a bit easier now. The former basketball star has settled a class action lawsuit for $1.8 million related to his promotion of the now-defunct cryptocurrency exchange, FTX. This closure not only marks a significant moment for O’Neal but also highlights evolving court perspectives on […]
Crypto exchange Binance starts operations in Syria after sanctions are lifted by Trump
Binance Launches Crypto Trading in Syria Binance, recognized as one of the largest cryptocurrency exchanges globally, has become one of the initial platforms to operate in Syria following the easing of US and EU sanctions in May. Residents of Syria can now access the Binance platform to trade various crypto assets, including Bitcoin (BTC), as […]
Asia Morning Update: Institutional Purchases Raise Chance of $3K ETH, While AI Agents Explore Crypto Channels
Good morning, Asia. Here’s the latest market update: Welcome to the Asian morning briefing—a daily snapshot of significant stories from the US and a look at market movements. For a comprehensive analysis of the US market, consult Coindesk’s Crypto Daybook Americas. As Asia begins its day on Thursday, Ethereum (ETH) is trading at $2,770. Data […]
Stablecoin Bill Supported by Crypto Industry Moves Forward in US Senate
Senate Moves Forward on Cryptocurrency Legislation The Senate has taken steps to advance a bipartisan legislative proposal supporting the crypto industry, backed by President Donald Trump, with the final passage expected next week. Senate leaders are likely to incorporate provisions aimed at fostering competition for credit card processing, particularly against Mastercard Inc., while also addressing […]
Connecticut legislators decide to ban crypto usage in government
Connecticut Lawmakers Pass Cryptocurrency Ban Connecticut’s legislature has unanimously approved a bill that bars state and local government agencies from accepting payments in cryptocurrency or holding crypto assets. This legislation, known as House Bill 7082, “Act on Various Revisions on Gold Submission Act, State Payments and Investment in Cryptocurrency,” garnered bipartisan backing and was officially […]
Bullish Plans to Launch Crypto Exchange After Circle’s Achievement
Cryptocurrency exchange Bullish has reportedly revived its plans to go public. According to sources familiar with the matter, the company has confidentially filed initial public offering (IPO) documents with the U.S. Securities and Exchange Commission (SEC). This information was highlighted in a Financial Times report. Pymnts reached out to Bullish for comments but has yet […]
Kentucky mansion of crypto influencers raided by ATF and NYPD
A mansion in Kentucky, valued at $1 million, was previously owned by a man imprisoned for allegedly torturing someone over cryptocurrency. This six-bedroom home by the waterfront, reminiscent of the White House in style, was bought in January by John Watts, who calls himself the “Kentucky Cryptoking,” alongside his business partner William Dupressy, reportedly paying […]
Connecticut Changes Direction on Bitcoin Reserves, Prohibits Government Crypto Investments
Simply put Connecticut has enacted the strictest cryptocurrency law in the U.S., which forbids all state and local governments from buying, holding, or investing in any cryptocurrency. This law requires crypto companies to disclose “all material risks,” while also reforming the state’s existing gold transmission laws. The ban in Connecticut stands in sharp contrast to […]
Michael Saylor dismisses concerns about a crypto downturn, claims Bitcoin will reach $1 million.
Michael Saylor’s Optimistic Outlook on Bitcoin Michael Saylor, of Strategy, isn’t buying into the notion of another crypto winter. He’s suggesting that if Bitcoin adoption ramps up and its daily supply tightens, prices could skyrocket to $1 million. “We’ve moved past that winter phase,” Saylor mentioned during an interview with Bloomberg. He added, “If Bitcoin […]
Michael Saylor dismisses concerns about a crypto downturn, predicts Bitcoin will reach $1 million.
Michael Saylor from Strategy has dismissed concerns about a potential return of a downturn in the cryptocurrency market. He believes that if Bitcoin adoption grows and its daily supply diminishes, prices could hit $1 million. “The winter isn’t coming back,” Saylor said during a recent interview on Bloomberg. “We’ve moved beyond that stage. If Bitcoin […]