Financial and risk advisory firm Kroll is facing a class-action lawsuit for alleged negligent behavior over a data breach that impacted creditors of FTX, BlockFi, and Genesis.
The lawsuit was filed on Tuesday in a US district court by Hall Attorneys on behalf of FTX customer Jacob Repko and other c

Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, does not try to influence the price of Bitcoin when it executes its buys, according to the executive who oversees the company’s massive BTC treasury.
“The way we buy Bitcoin is we do not move the price of the Bitcoin,” Strategy’s c

The US House has added a provision banning the Federal Reserve from issuing a central bank digital currency (CBDC) into a nearly 1,300-page bill setting the country’s defence policy for the 2026 fiscal year.
A revision of HR 3838, the House’s version of a bill implementing the National Defense

Australia’s markets regulator is set to expand its crackdown on online scams after taking down 14,000 online scams since July 2023, with over 3,000 purporting to involve crypto
The online scams include investment scams, phishing websites and are found in online advertisements. ASIC Deputy Chair

Advancements in cloud computing, data storage and artificial intelligence have transformed how businesses operate and manage information. However, this transformation has also led to challenges because these technologies are highly centralized and in the hands of a few tech giants
The cloud comput

Debt-to-equity shift in Bitcoin mining
The 2022 crypto winter caused major Bitcoin miners over exposed to debt financing to file for bankruptcy. Most publicly traded miners had debt-to-equity ratios over four, with values above two generally considered unsustainable. Starting in the third

Ben Waxman, a Democrat representing District 182 in Pennsylvania’s House of Representatives, has introduced legislation “to prohibit elected officials from profiting off cryptocurrency while in office.”
Waxman introduced HB1812 on Wednesday with eight Democratic co-sponsors in response to what he c

Ethena Labs on Thursday said its Ethena protocol has generated more than $500 million in cumulative revenue. Growth in both revenue and the circulating supply of its synthetic stablecoin, Ethena USDe (USDe), has accelerated since July as synthetic stablecoins gain market share.
Ethena Labs shared t

The rapid growth in global crypto adoption (up 34% based on the number of holders since 2023) has increased the demand for stable, low-risk digital assets. Tokenized United States Treasurys give users access to government bonds within the crypto ecosystem. The figure below illustrates the rapid grow

The US Office of the Comptroller of the Currency (OCC) said it had issued an order terminating a consent order made against cryptocurrency custody bank Anchorage Digital in 2022.
In a Thursday notice, the OCC said it had dropped the order “to assure the safety and soundness” of Anchorage. The

Monad is a new layer-1 smart contract platform that recently raised $225 million in funding from venture capital firm Paradigm
Although Monad has not launched yet, it is expected to be live on its public testnet in late 2024, with mainnet deployment planned for early 2025.
Monad is a parallel

Tornado Cash co-founder Roman Storm, found guilty on one felony count in August, may be closer to avoiding a possible retrial on additional charges following a statement from a Justice Department official.
Speaking at a Thursday summit in Wyoming organized by the cryptocurrency advocacy

State Street, an asset manager and custodian bank serving institutional clients, has joined financial services company JPMorgan’s tokenized debt platform as its first third-party custodian, allowing it to hold blockchain-based debt securities on behalf of investors.
JP Morgan’s Digital Debt

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For years, Washington was considered hostile territory for the cryptocurrency industry. Regulatory crackdowns, lawsuits and policy uncertainty drove many builders overseas and left advocates fighting uphill battles on Capitol Hill.
But as Kristin Smith, president of the Solana Policy Institute,