Editor's Choice
WazirX has offered victims of the July hacker attack to return 85 percent of the value of assets if creditors approve the redistribution plan by February 19, 2025
WazirX has completed the redistribution of assets and offered victims of the July hacker attack to return 85 percent of the value of their portfolios as of July 18. Creditors must approve the plan by February 19 to avoid the liquidation of assets at reduced prices. If approved, payments will begin in April and will include both exchange tokens and a plan for periodic buybacks using the exchange's profits. If the scheme is not approved, assets will be sold off, and creditors will receive less compensation.
Zaks Witkoff's account was hacked to promote a fake meme coin related to Barron Trump, but World Liberty Financial quickly warned about the fraud
The account of Zaks Witkoff, co-founder of World Liberty Financial, was hacked and used to promote a fake meme coin related to Barron Trump. The attacker claimed that the project would soon be endorsed by Donald Trump, but World Liberty Financial quickly warned about the fraud. Later, Witkoff confirmed that his account was restored and the fake post was deleted. This is not the first time members of the Trump family have become targets of crypto scammers: earlier, Ivanka Trump also reported a fake meme coin using her name.
Donald Trump nominated Jonathan Gould for the position of head of the Office of the Comptroller of the Currency to strengthen access for cryptocurrency companies to financial services
Donald Trump nominated Jonathan Gould for the position of head of the Office of the Comptroller of the Currency (OCC), which regulates national banks. The White House submitted his nomination to the Senate on February 11, 2025. Gould previously served as senior deputy comptroller and chief legal officer at the OCC during the Trump administration. He was also the chief legal officer of the blockchain company Bitfury and works as a partner at the law firm Jones Day. Gould supports access for cryptocurrency companies to banking services and opposes restrictions on their interactions with banks.
Franklin Templeton launches the US Government Money Fund (FOBXX) on the Solana blockchain with assets of $512 million and a yield of 4.2 percent for institutional investors
Franklin Templeton, managing assets of $1.6 trillion, launched the US Government Money Fund (FOBXX) on the Solana blockchain on February 12. This fund, with assets of $512 million and a yield of 4.2 percent, invests in U.S. government bonds, cash, and safe repurchase agreements. Franklin Templeton is expanding its presence on the Solana blockchain, aiming to attract institutional participants. FOBXX is also available on blockchains such as Ethereum and Avalanche and is the first U.S. fund to use blockchain for transactions and record-keeping.
Bitpanda has received approval from the FCA to provide over 500 cryptocurrencies, staking services, and savings plans to UK investors, expanding its presence
Uniswap launches Ethereum-compatible second-layer network Unichain using OP Stack, improving liquidity, revenue, and user experience through network fees
The USA releases Alexander Vinnik in exchange for American Marc Fogel: the man accused of laundering billions of dollars through the BTC-e exchange returns to Russia 💼💰
The President of the Central African Republic (CAR), Touadéra, launches the meme coin $CAR to draw attention to the country, but the coin’s value falls by 90 percent in the first few days 📉
The U.S. Federal Reserve is not in a hurry to lower interest rates: Jerome Powell stated that the policy will remain unchanged despite the strong labor market and inflation, as well as threats from the tariff policy of President Trump and issues with "debanking" 📉
Trump calls for an increase in US defense spending despite Elon Musk's plans to reduce the Pentagon budget. Congress resists the changes, fearing job losses at military bases 💰
Randall Crater is required to pay $7.6 million to the victims of the My Big Coin cryptocurrency fraud. The court has also imposed a lifetime ban on him from participating in digital asset transactions 🚫
The United Kingdom and the United States did not sign the international agreement on artificial intelligence at the summit in Paris, citing concerns over security and national interests 🤖
Jerome Powell stated that the U.S. will not issue a central bank digital currency (CBDC) under his leadership. This statement makes it impossible to follow China's example 💵
During a Senate hearing, Jerome Powell, the Chairman of the U.S. Federal Reserve, stated that the U.S. will not issue a central bank digital currency (CBDC) under his leadership. When asked by Senator Bernie Moreno, Powell responded "yes," emphasizing that this excludes the possibility of following China's example. This position contradicts previous statements from the Fed regarding the potential launch of a CBDC. Critics are concerned that such currencies could become a tool for surveillance, unlike traditional cash. The issue is becoming more relevant in the U.S., especially among Republicans who oppose the CBDC.
Tether invests in Zengo Wallet to enhance security and support USD₮ across various blockchains: a strategic partnership to expand self-custodial storage capabilities 💼
Tether, the largest player in the digital asset industry, has invested in the Zengo wallet, known for its security and ease of use. Zengo, providing secure asset storage solutions since 2019, serves more than 1.5 million users without any hacks. The investment will help expand Tether's stablecoin support across various blockchains, improving user experience in storage and transactions. Zengo is also developing its premium service, Zengo Pro, with additional security features and support. The partnership will strengthen the adoption of USD₮, the largest stablecoin, in the global financial ecosystem.
Binance and the SEC have filed a joint motion to suspend the legal proceedings for 60 days, considering the new cryptocurrency working group of the SEC, which may affect the resolution of the case ⚖️
Binance and the SEC have filed a joint motion to suspend their legal proceedings for 60 days. This decision is related to the launch of the SEC's cryptocurrency working group, which may influence the development of the regulatory framework for digital assets. The document states that the work of the group could contribute to resolving the case. The SEC stated that it expects results from the new initiative, which is supposed to simplify the classification of cryptocurrencies as financial assets. The parties plan to discuss the possible extension of the pause after 60 days.
Emmanuel Macron has announced investments in artificial intelligence worth 109 billion euros, with participation from the UAE, Amazon, and Brookfield to strengthen France’s leadership in AI 🤖💡
French President Emmanuel Macron has announced investments in artificial intelligence totaling 109 billion euros, aimed at strengthening the country’s position as a leader in AI. The majority of the investments will come from the United Arab Emirates, which will contribute 50 billion euros. Major investments include 20 billion euros from Brookfield for data centers, 6 billion euros from Amazon for cloud technologies, and 10 billion euros from Fluidstack for supercomputers. These projects are expected to be implemented in the next 2-5 years. The investments reinforce Europe’s ambition to maintain its competitiveness in the global AI development race.
Best news of the last 10 days
Zimbabwe has announced the launch of its state cryptocurrency $RZ on the Solana blockchain on February 11, 2025, for its 16 million citizens. Transparent distribution without pre-mining will ensure equal access 👨👩👧👦
Elon Musk offered $97.4 billion for OpenAI to stop Sam Altman's plans to turn the company into a profit-making one. The consortium of investors supports the deal 💼
19 US states, including North Carolina, are considering bills on cryptocurrency investments, including Bitcoin, with the possibility of allocating up to 10 percent of budget funds 💰📊
Eric Council Jr. pleaded guilty to aiding the hack of the SEC account on X, causing the fake announcement about the first Bitcoin ETF in the US. Fine up to $50,000, court scheduled for May 16, 2025 ⚖️
South Korean lawmaker Kim Nam-kuk was acquitted in the case of concealing cryptocurrency assets totaling 6.8 million dollars. The court ruled that at the time of the crime, the law did not require the disclosure of such data 💼
South Korean lawmaker Kim Nam-kuk was acquitted of charges of concealing cryptocurrency assets. The court ruled that at the time of the alleged crime, the country's legislation did not require the disclosure of such data. Kim was accused of hiding 6.8 million dollars in cryptocurrency, while his declaration stated only 834 thousand dollars. However, the court decided that the laws did not require the disclosure of cryptocurrency assets, and this cannot be considered a crime. Despite the acquittal, the prosecution may appeal. Kim left the Democratic Party to reduce political pressure.
Ripple and Unicâmbio have partnered for instant transactions between Brazil and Portugal. A new step in Ripple's expansion into the European market! 💸
Ripple has entered into a strategic partnership with the Portuguese company Unicâmbio to enhance instant payments between Brazil and Portugal. As part of the collaboration, Unicâmbio will use Ripple Payments technology, ensuring faster and cheaper transactions for its corporate clients. This marks Ripple's first step into the Portuguese market, expanding the company's presence in Europe. It is expected that thanks to this partnership, transactions between the two countries will become more efficient, strengthening economic ties and opening new business opportunities.
Jetking becomes the first publicly traded company in India to integrate Bitcoin into its financial strategy: a step toward institutional support for cryptocurrencies in business 🚀
On February 9, 2025, Jetking became the first publicly traded company in India to integrate Bitcoin into its financial strategy. This statement, made by the company’s CFO Siddharth Bharwani and published by Michael Saylor on Twitter, led to an immediate rise in Bitcoin's price from $45,000 to $47,500 within the first hours after the news. This event highlights the growing interest in cryptocurrencies in India and institutional support for Bitcoin as a digital asset for business.
Microsoft opens a fund to develop "responsible" artificial intelligence in Abu Dhabi in partnership with G42 and MBZUAI. The company invests $1.5 billion in the UAE 🤖
Microsoft launches a fund in Abu Dhabi to promote "responsible" artificial intelligence in the region. In partnership with G42 and the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the company aims to develop AI standards and practices in the Middle East and the Global South. Microsoft's investments in G42 total $1.5 billion. This move reflects the UAE's ambitions to take a leading position in the global artificial intelligence arena, strengthening ties with global technology leaders and policymakers.