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British Officer Accused of Stealing Seized 50 BTC

British Officer Accused of Stealing Seized 50 BTC

Paul Choulas, an officer of the UK’s National Crime Agency, is suspected of stealing 50 BTC that had been seized. This is reported on the CPS website. According to law enforcement, the crime occurred in 2017 during an investigation into organized crime on the internet. At the time, the stolen assets were valued at approximately […]

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Traders wager $550m on bitcoin sliding to $70,000

Crypto traders expect bitcoin to fall further in March, amassing $550m worth of put options with a $70,000 strike, according to Amberdata, DLNews reports. Sean Dawson, head of research at the Derive platform, noted rising bearishness in an 11 March report. Almost 43% of contracts sold on the platform over 24 hours were puts, reflecting […]

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What is chain abstraction?

What is Network Abstraction?

Is there a future for a “single blockchain”—and who is building it?

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Xbox Unveils AI Gaming Assistant

Xbox Unveils AI Gaming Assistant

Xbox has announced Copilot for Gaming, an AI-driven assistant designed to be a “personal gaming companion.” This was revealed by the company’s Vice President for Gaming AI, Fatima Kardar, during a podcast. The digital assistant will help players quickly acquire skills in their favorite games, connect with friends, or discover new activities. “Games are the […]

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ZKsync Halts Ignite Rewards Program Amid Bear Market Conditions

ZKsync Halts Ignite Rewards Program Amid Bear Market Conditions

The DAO behind ZKsync has prematurely ended the Ignite rewards program as of March 17, citing bearish market conditions. ZKsync Ignite Program Update ? After careful consideration, the DeFi Steering Committee (DSC) has decided to not renew Ignite for Season 2 and will be sunsetting the program starting March 17th, 2025 by turning off rewards […]

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US Lawmakers to Introduce Bill Safeguarding Bitcoin Reserve

US Lawmakers to Introduce Bill Safeguarding Bitcoin Reserve

Republican Byron Donalds is set to introduce a bill in the US Congress to enshrine President Donald Trump’s executive order establishing a SBR. This was reported by Bloomberg. The bill aims to protect the strategic bitcoin reserve from potential revocation by future presidents. If passed, the reserves will remain part of the Treasury’s long-term strategy, […]

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3AC Liquidators Raise Claims Against FTX to $1.53 Billion

3AC Liquidators Raise Claims Against FTX to $1.53 Billion

The liquidators of the bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) have been permitted to increase their claim against the bankrupt crypto exchange FTX from $120 million to $1.53 billion, according to court documents. Chief Judge John Dorsey dismissed objections from the trading platform’s debtors, who argued that the amendment to 3AC’s Proof of […]

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World Liberty Financial Raises $590 Million Through Dual Token Sales

World Liberty Financial Raises $590 Million Through Dual Token Sales

The Trump family’s DeFi project, World Liberty Financial (WLFI), has completed its second round of token sales, bringing the total funds raised to $590 million. Initially, the crypto platform aimed to raise $300 million from the sale of 100 billion WLFI tokens. These tokens serve as the project’s governance tokens on Ethereum. In January, the […]

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US Senate Banking Committee Backs Stablecoin Regulation Bill

US Senate Banking Committee Backs Stablecoin Regulation Bill

The US Senate Banking Committee has approved a bill introduced by Senator Bill Hagerty to regulate stablecoins at the federal level. During the hearings, 18 votes were cast in favor and six against. The document will next be considered by the full upper chamber of Congress. During the committee meeting, some provisions of the bill […]

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Russian Oil Firms Turn to Cryptocurrency for Trade with China and India

Russian Oil Firms Turn to Cryptocurrency for Trade with China and India

Russian oil companies are employing cryptocurrencies, including Bitcoin, Ethereum, and the stablecoin USDT, for transactions in oil exports to China and India to circumvent Western sanctions. This is reported by Reuters, citing its own sources. Digital assets simplify the conversion of Chinese yuan and Indian rupees into Russian rubles. Sources note that while the share […]

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OpenAI Urges US Ban on DeepSeek AI Models

OpenAI Urges US Ban on DeepSeek AI Models

OpenAI has recommended that the US government prohibit AI models from the Chinese lab DeepSeek, citing the project’s state sponsorship and control. The document was submitted as part of the Trump administration’s “AI Action Plan.” It claims that DeepSeek’s products, including the controversial R1 neural network, are unsafe and comply with Chinese government demands for […]

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Congress Urges Halt to Bitcoin Reserve Plan

Congress Urges Halt to Bitcoin Reserve Plan

SBR will bring “no tangible benefits” and will only enrich President Donald Trump and his sponsors, according to a letter from U.S. Representative Gerald Connolly to Treasury Secretary Scott Bessent. The legislator, representing Michigan and the Democratic Party, is a member of the Committee on Oversight and Government Reform. Connolly emphasized that Trump did not […]

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