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It all happened overnight and in a matter of minutes. Ben Zhou, CEO of the cryptocurrency exchange Bybit, made a series of routine transfers from his home computer. A short while later, his company called to inform him that his reserves of Ethereum, the second most-used cryptocurrency after Bitcoin, worth $1.5 billion, had vanished. By then, the ethers had already been transferred to thousands of other people’s digital wallets. Bybit had just suffered the largest theft in history. Five days later, the FBI confirmed what some analysts suspected from the outset: the attack was the work of Lazarus, a hacking...

Are you ready for the Circle IPO? The “stablecoin” giant just filed to go public. It’s aiming for a valuation between $4 billion and $5 billion and plans to list on the NYSE as early as June under the ticker CRCL. It will be the biggest crypto IPO since Coinbase (COIN) went public back in 2021. Circle is the company behind USD Coin (USDC)— the world’s second-biggest stablecoin. I’ll share my favorite way to profit from the rise of stablecoins in a minute. First, let me quickly break down what stablecoins are and why they’re a huge disruption to the...

Bitcoin rose on Friday after China retaliated against President Donald Trump’s tariffs, while stocks continued to crater following their worst day since 2020. The price of the flagship cryptocurrency rose more than 2% to $83,959.19, according to Coin Metrics. Earlier, it rose as much as $84,717.51. Most of the major cryptocurrencies were also in the green Friday. Solana and dogecoin jumped about 6% each. Most crypto-related stocks fell again, however, with Coinbase down about 6%. The bitcoin proxy MicroStrategy advanced nearly 4%. Meanwhile, spot gold fell 2.4% to $3,037.30 an ounce, while U.S. gold futures were down 2.05% at $3,057.90....

Bitcoin uses blockchain technology which remains fully open and accessible to everyone. Due to the nature of the transparency of the blockchain, money flows can easily be tracked. But can government track bitcoin? Can the Government Track Bitcoin, or is it Anonymous?: A central aspect of Bitcoin since its inception has always been privacy. Bitcoin originally exists as a peer-to-peer form of digital cash that retains privacy through the anonymity of public keys. Bitcoin famously grants privacy to its users, leveraging the ideals of security and autonomy in a digital world that seems extremely devoid of both things. But can...

Mr. Armstrong, I just had to write in to say thank you for explaining that Bitcoin was just a trading asset, not some new currency that would replace the dollar. I understand that money must be elastic to grow with society in economic booms and population. I just read a quote reported by Bloomberg: “After four years of political purgatory, Bitcoin and the entire digital-asset ecosystem are on the brink of entering the financial mainstream.” I know a programmer who said you were correct that the Deep State created blockchain. Has this recent rise been orchestrated to get us to...

In just seven short years, Malone Lam Yu Xuan went from being a student in a secondary school in Choa Chu Kang to being dubbed crypto whizz-kid by some in the US in 2023. Many who saw his spending spree were amazed a 19-year-old could afford large mansions, a fleet of expensive cars and luxury clothes. In truth, Lam was living off the millions in crypto he stole from various investors, he later told investigators in the US. This was before August 2024, when he allegedly got involved in the theft of Bitcoin valued at more than US$240 million (S$320...

Treasury Secretary nominee Scott Bessent declares it during Senate hearing for his confirmation. CBDCs are Fascist Coin. A CBDC would effectively give the government total control over each person's money individually....a level of control even Orwell never dreamed of.

Sam Bankman-Fried's revealing interview where he spoke about being imprisoned with Diddy and Luigi Mangione has earned the FTX founder a stay in solitary confinement. The convicted cryptocurrency king is serving a 25-year sentence for fraud at New York's Metropolitan Detention Center in Brooklyn alongside his famous fellow inmates. -snip- 'Have you made friends there? Are you hanging with Diddy? I think he's in there with you,' Carlson asked. A grinning Bankman-Fried replied, 'He is.. he's been kind. I've made some friends, it's a weird environment. It's a combination of a few other high-profile cases and a lot of alleged...

WASHINGTON, D.C. — As part of an ongoing effort to lead America into a safer and more prosperous future, President Donald Trump announced on Friday the creation of a Strategic U.S. Hawk Tuah Coin Reserve. The announcement came on the heels of Trump's previous order to create a similar reserve of Bitcoin, with sources saying Trump wanted to do the same for Hawk Tuah Coin to diversify the country's cryptocurrency portfolio. "We are going to win bigly with the Hawk Tuah Coin," President Trump from the Oval Office. "America has the best memecoins in the whole world, and now our...

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1. Background. Bitcoin is the original cryptocurrency. The Bitcoin protocol permanently caps the total supply of bitcoin (BTC) at 21 million coins, and has never been hacked. As a result of its scarcity and security, Bitcoin is often referred to as “digital gold”. Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve. The United States Government currently holds a...

President Donald Trump established a Strategic Bitcoin Reserve and a stockpile of other digital assets through an executive order on Thursday. The Treasury Department will set up an office to administer the reserve, which will be capitalized with Bitcoin (BTC) forfeited to the government as part of criminal or civil asset forfeiture proceedings, according to the order. “Bitcoin is the original cryptocurrency,” the order said. “Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve.” The order also created a US Digital Asset Stockpile under...

President Donald Trump announced on Truth Social on Sunday that he had directed his crypto working group to “move forward” with establishing a Crypto Strategic Reserve, which would include Bitcoin, Ethereum, XRP, Solana, and Cardano. The announcement triggered a major rally in the cryptocurrency market. Bitcoin initially surged from around $85,000 to nearly $95,000 before stabilizing at approximately $93,000. Cardano and XRP also saw substantial gains, rising about 40% and 16%, respectively. Bitcoin at $500k? Standard Chartered’s Head of Digital Asset Research, Geoff Kendrick, noted the sharp fluctuations and reaffirmed his long-term bullish outlook on Bitcoin. He maintained his $500,000...

The cryptocurrency market surged over the weekend after President Trump announced his plans to create a strategic crypto reserve and hinted at details about the highly anticipated plan. Bitcoin surged from nearly $85,000 to $94,000 on Sunday in the hours following Trump’s announcement on Truth Social. As of Monday, Bitcoin was trading at more than $91,400, marking a drastic increase from its three-month low of nearly $78,000 last Friday, according to CoinMarketCap In a Truth Social post Sunday morning, Trump said a U.S. “crypto reserve” will “elevate this critical industry after years of corrupt attacks by the Biden administration.” “Which...

@RealRossU I got to see the ocean for the first time in over 11 years because @realDonaldTrump released me from prison. On this President's Day, I would like to acknowledge a truly great American President, one who cares about freedom and second chances. Here's to you President Trump.

Donald Trump has doubled down on his opposition to central bank digital currencies (CBDCs) at a rally in Laconia, New Hampshire Monday Night. “Vivek wanted this: I will never allow the creation of a Central Bank Digital Currency,” Trump said, referring to crypto-friendly candidate Vivek Ramaswamy, a critic of CBDCs, who recently suspended his campaign after a disappointing showing in Iowa. “This would be a dangerous threat to freedom, and I will stop it from coming to America,” he has previously said. “Such a currency would give a federal government, absolute control over your money. They could take your money,...

@TheInsiderPaper WATCH: Trump says he will never allow creation of Central Bank Digital Currency (CBDC).

US House passes bill to ban the Federal Reserve from creating a Central Bank Digital Currency (CBDC). https://x.com/WatcherGuru/status/1793702722480550398

JUST IN: DeSantis vows to outlaw CBDC, resist federal government if unilaterally authorized by Federal Reserve or Treasury"They want to get rid of crypto [...] In Florida, we'll have a prohibition against [CBDC to make sure] we don't have a financial surveillance state." (video in link below) https://twitter.com/FLVoiceNews/status/1653387572289187842

While elites around the world – those in political power and in control of top financial institutions – are very much rallying around the plans to introduce central bank digital currencies (CBDCs), in Florida, the state's governor has a different take on where things should be headed. In fact, radically different – Governor Ron DeSantis thinks CBDCs should be banned. Addressing a press conference from behind a podium that had the words “Big Brother's Digital Dollar” attached to it, DeSantis repeated what critics of the CBDC push keep saying. And that is, that the centralized form of digital money controlled...