Major US cryptocurrency exchange targeted by cyber-attack, potential losses could reach $400 million.
The largest cryptocurrency exchange in the U.S., Coinbase, estimates that a recent cyber attack compromising the account data of a “small subset” of customers could cost between $180 million to $400 million. This figure doesn’t include the $20 million ransom that hackers are demanding, a payment Coinbase has decided against. While Coinbase handles a significant […]
CFTC commissioner departing the agency to lead a cryptocurrency trade organization
Summer Mersinger, a commissioner with the Commodity Futures Trading Commission (CFTC), has announced her departure from the agency to become the CEO of the Blockchain Association. Having spent three years at the CFTC, Mersinger will replace Kristin Smith, who is transitioning to lead a new nonprofit focused on cryptocurrency. “We’re genuinely excited to have Commissioner […]
Labour peer apologizes for contacting the Treasury to support the cryptocurrency company he advised.
Keir Starmer’s associates and a trade mission have issued an apology for breaching the House of Representatives’ code of conduct by contacting the Treasury to advocate for a cryptocurrency firm that employed him. Ian McNicol, the former general secretary of the Labour Party, was found to have broken the rules in June 2023 for providing […]
Florida teens reportedly abduct Vegas man at gunpoint, abandon him in Arizona desert, and steal $4 million in cryptocurrency.
Three teenagers from Florida have been accused of abducting a man from Las Vegas at gunpoint, transporting him to a secluded area in Arizona, and stealing $4 million in cryptocurrency and other digital assets. Belal Ashraf and Austin Fletcher, both 16 and hailing from Pasco County, face charges of robbery and kidnapping. A juvenile court […]
Important cryptocurrency legislation halted by Democrats in the Senate
The “Big Money Show” panel discussed why Senate Democrats united to block actions taken by the Trump administration that they found questionable. A bipartisan bill aimed at regulating stablecoins faced rejection from Democrats who had previously supported it, halting progress in the Senate on Friday. Sources connected to GOP leaders indicated that Senator Elizabeth Warren […]
The True Business of the Trump Family Is Cryptocurrency
Trump’s Latest Fundraising Strategy: A Gala for $Trump Crypto On Monday morning, leaders in the political sphere had an unusual message to share. President Donald Trump wasn’t discussing the usual hot topics like tariffs or staff changes. Instead, he highlighted something called the “$Trump Gala Dinner,” a post linked to something called getTrumpmemes.com. When checking […]
Cryptocurrency bill does not succeed in Senate.
On May 8th, a significant setback occurred in the Senate as a critical cryptocurrency regulation bill was defeated by just one vote, with some Republicans crossing party lines to block it. This legislation, known informally as the Genius Act, aimed to establish a Stablecoin linked to the US dollar. Republican senators Josh Hawley and Rand […]
Democrats halt stablecoin legislation due to worries about Trump’s cryptocurrency activities.
Senate Democrats Block Stablecoin Regulations Senate Democrats halted efforts to regulate stablecoins, a type of cryptocurrency, citing the need for stronger protections and a desire to discuss concerns related to the implications for the president. Legislation that previously garnered Democratic support failed in a procedural vote of 49-48, as Democrats insisted on further changes before […]
Senate closely votes down cryptocurrency bill supported by Treasury Secretary Bessent
A cryptocurrency bill backed by the Treasury, known as the Genius Bill, faced a close defeat in the Senate during a procedural vote on Thursday. This legislation aimed to establish a new regulatory structure for digital currencies but stumbled due to a last-minute shift among Democratic senators. The bill required 60 votes to proceed, but […]
Celsius CEO Alex Mashinsky given a 12-year sentence for a multi-billion-dollar cryptocurrency fraud.
Alex Mashinsky Sentenced for Fraud On May 8, 2025, former Celsius Network CEO Alex Mashinsky was sentenced to 12 years in prison after pleading guilty to two counts of fraud. Once considered a key player, his fall illustrates a significant shift in the cryptocurrency landscape. During the proceedings in Manhattan, Mashinsky faced Judge John G. […]