A security breach involving the Wanchain bridge briefly drove the Midnight token, NIGHT, to an all-time low before it recovered 19%. The incident has renewed scrutiny of cross-chain bridge infrastructure, which has historically been a frequent target for exploits in the crypto sector. Cardano founder Charles Hoskinson responded
Satsuma, a UK-based Bitcoin treasury company, is dismantling its digital asset strategy less than a year after raising $218 million to build its holdings. The firm now plans to sell off roughly $43 million in Bitcoin and return remaining capital to shareholders, marking a sharp reversal for its treasury
The lawsuit challenges an Illinois measure enacted last month that imposes a 0.2% levy on all cryptocurrency transactions, with the tax scheduled to take effect next year. The Digital Chamber, a prominent crypto industry lobbying group, argues the policy would burden users and businesses operating in the state. The
Newly approved ethics language signed by President Donald Trump establishes restrictions on how federal officials interact with cryptocurrencies. The rule prohibits federal officials from issuing their own cryptocurrencies and designates the Department of Justice as the authority responsible for enforcement. The measure comes amid growing scrutiny of the intersection between
UK-based Satsuma Technology will unwind its bitcoin treasury strategy and remove its shares from London trading after shareholders approved both moves. The decision arrives less than a year after the company raised $218 million to build a corporate bitcoin holding, a plan that mirrored the treasury approach popularized by
Movement Labs, the company behind the MVMT project, filed for bankruptcy earlier this month, disclosing assets of between $100,001 and $500,000 against liabilities reaching as high as $10 million. According to the filing, the largest single claim comes from the company's ousted founder, who is seeking
US authorities have flagged an alleged $22 million Bitcoin mining scheme in which only about 13% of the money raised was reportedly directed toward actual mining operations. More than 380 investors supplied the funds, leaving a large gap between what was promised and what was deployed for its stated purpose.