• HashFlare fraud guilty plea
    Regulation

    HashFlare Founders Face 10 Years in Prison for $577M Scheme

    August 7, 2025 - By 

    Sergei Potapenko and Ivan Turõgin, known as the HashFlare founders, are set to serve up to a decade in prison after confessing to wire fraud. The duo of the collapsed crypto mining platform, are pleading for leniency after the 10-year prison sentence has been announced.  They insist they have already served enough prison time and should walk free.  However, the case has ignited fierce debate over justice, victim losses, and the murky world of crypto scams. It is currently being held in Seattle’s Federal Court under Judge Robert Lasnik, Prosecutors during the sentencing branded HashFlare a “classic Ponzi scheme” that…

  • Glacier Drop airdrop
    Altcoins

    Airdrop Alert: Glacier Drop Launches Across 8 Major Blockchains

    August 7, 2025 - By 

    A new airdrop campaign called the “Glacier Drop” officially launched on August 5, opening the door for eligible crypto users to claim allocations of the NIGHT token.  The airdrop spans eight major blockchain ecosystems, including Bitcoin, Ethereum, Solana, BNB Chain, Cardano, Avalanche, Ripple’s XRP Ledger, and Brave. Eligibility for this first phase was based on a snapshot taken on June 11. Wallets that held at least $100 worth of native tokens on any of the supported networks at the time qualified to receive the airdrop.  Airdrop Rolls Out in Three Phases The launch marks the beginning of a three-stage distribution…

  • Satsuma Bitcoin raise
    Bitcoin

    Satsuma Technology Closes £163.6M with Bitcoin Settlements

    August 7, 2025 - By 

    A London listed firm Satsuma Technology PLC  has successfully raised £163.6 million with Bitcoin settlements.  The decentralized AI infrastructure and corporate Bitcoin treasury strategy raised  $217.6 million USD through its second secured convertible loan note offering. The amount exceeded its minimum target by roughly 64%.  The fundraising closed with the round led by ParaFi Capital and supported by major digital‑asset investors including Pantera Capital, DCG, Arrington Capital, Kraken, BTC Opportunity Fund, and Borderless Capital. Notably, investors subscribed £96.9 million of the total in Bitcoin, contributing exactly 1,097.29 BTC in lieu of cash.  This marks the first instance of a London-listed…

  • Brazil Bitcoin reserve bill
    Bitcoin

    Brazil’s Also Seeks to Create National Bitcoin Reserve

    August 6, 2025 - By 

    Brazil’s House of Representatives has proposed legislation to establish a national Bitcoin reserve in the country.  A public hearing will take place on August 20, 2025, to deliberate on this landmark bill.  The Central Bank of Brazil, the Ministry of Finance, a national crypto advocacy group, representatives from the banking sector, and fintech companies are expected to participate in the hearing. If the bill gains approval in the lower chamber, it will proceed to the Federal Senate.  The final enactment would depend on President Luiz Inácio Lula da Silva, who holds the authority to sign the bill into law or…

  • China iris scanning crypto warning
    Cryptocurrency

    China Also Flags Iris-Scanning Crypto Projects

    August 6, 2025 - By 

    China’s Ministry of State Security (MSS) has issued a strong warning against Iris-Scanning Crypto Projects citing privacy violations and potential foreign invasions.  The ministry said emerging crypto projects that collect biometric data, specifically iris, fingerprint, and facial recognition technology pose a national security risk.  Chinese officials said while these technologies offer convenience and enhanced security, they also open the door to serious misuse. “While biometric identification brings convenience,” the agency cautioned, “we must take security seriously and exercise caution when sharing personal biometric information.” Iris-Scanning Crypto Projects Under Scrutiny MSS accused a foreign company of collecting and transferring iris data…

  • Indonesia Bitcoin National Reserve
    Bitcoin

    Is Indonesia Following the US In Bitcoin National Reserve?

    August 6, 2025 - By 

    Indonesia is taking bold steps by setting up a  Bitcoin National Reserve, following the footsteps of the United States of America.  It is reported that the Indonesian Vice President’s office has initiated conversations with prominent Bitcoin advocates to explore how Bitcoin could serve as a national reserve asset.  Indonesia seems to recognize the transformative potential of digital assets and their growing relevance in global finance.  Indonesia’s financial reserve is traditionally dominated by fiat currencies, gold, and other conventional assets.  Bitcoin, with its decentralized nature and finite supply, presents a unique opportunity to hedge against inflation and currency devaluation. Unlike traditional…

  • BlackRock Bitcoin ETF outflow
    Bitcoin

    BlackRock’s Bitcoin ETF Sees $292M Outflow

    August 6, 2025 - By 

    BlackRock’s iShares Bitcoin Trust (IBIT) saw $292.5 million in outflows on Monday, marking its biggest single-day withdrawal in two months. This follows a smaller outflow on Friday, which ended a 37-day streak of continuous inflows. The pullback came as Bitcoin dropped over the weekend, falling 8.5% from its July 14 all-time high to hit $112,300 on Sunday. It later rebounded slightly, reaching around $115,000 by late Monday. Despite this recent dip, the outflow is minor compared to IBIT’s strong July performance, when it brought in a net $5.2 billion, about 9% of its total inflows since launching in January 2024.…

  • Philippines_SEC_
    Exchange

    Philippines SEC Cracks Down on Unregistered Crypto Exchanges

    August 5, 2025 - By 

    The Philippines Securities and Exchange Commission (SEC) has issued a public advisory naming 10 major cryptocurrency exchanges that operate without the necessary authorization under the country’s updated digital asset regulations. The list by the Philippines n SEC includes OKX, Bybit, KuCoin, and Kraken. The Philippines SEC noted that these exchanges have been offering and promoting crypto related services to Filipino users despite lacking registration or a license.  A license is required under SEC Memorandum Circulars No. 4 and No. 5, to offer crypto related services.  “These platforms have no license, registration, or authorization from the SEC to operate in the…

  • Yield-bearing_stablecoin_supply_surges_after_GENIUS_Act
    Stablecoin

    Yield-Bearing Stablecoins Surge

    August 5, 2025 - By 

    The supply of yield-generating stablecoins has jumped sharply following the U.S. approval of the GENIUS stablecoin bill in July, which bans issuers from offering yields directly on stablecoins. Despite the restriction, tokens like Ethena’s USDe and Sky’s USDS, which offer yield through staking in their own protocols, have seen major growth. Since July 18, USDe’s supply has surged by 70% to reach 9.49 billion, making it the third-largest stablecoin by market cap. At the same time, USDS has grown by 23%, with its supply nearing 4.81 billion, placing it fourth among all stablecoins, according to DefiLlama. This strong demand has…

  • sec defends transaction privacy
    Regulation

    SEC Commissioner Defends Transaction Privacy

    August 5, 2025 - By 

    U.S. SEC Commissioner Hester Peirce spoke to a group of blockchain researchers and practitioners, urging lawmakers to protect users’ right to transact privately. Her remarks come in as Tornado Cash’s co-founder Roman Storm’s case comes closer to the date.  Advocating Right To Privacy  The SEC commissioner asserted that the way developers use other code should not be held accountable. She argued that the ability to transfer value privately, similar to using physical cash, is a fundamental right that should be protected.  Furthermore, Peirce noted that in the 1990s, the U.S. government opposed this right to privacy. To get this right…