Bitcoin

Elon dips from DOGE, and Silicon Valley enters the ‘find out’ stage

Government & Policy /

Elon Musk has officially announced he’s stepping down as a U.S. special government employee and the de facto head of the Department of Government Efficiency, better known as DOGE.  The move follows Musk’s cooling relationship with the Trump administration and slumping Tesla sales tied to his political advocacy. Despite his announced departure, Musk gave a […]

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Garantex administrator arrested in India under extradition law

Cypto /

Indian police have arrested the co-founder of Garantex, a Russian cryptocurrency exchange sanctioned by the European Union and the U.S. government, under India’s extradition law, TechCrunch has exclusively learned and confirmed with state authorities. At 4 p.m. local time (3:30 a.m. PT) on Tuesday, the state police of Kerala arrested Lithuanian national Aleksej Besciokov in

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Hackers launder most of Bybit’s stolen crypto worth $1.4B

Cypto /

The hackers who stole around $1.4 billion in cryptocurrency from crypto exchange Bybit have moved nearly all of the robbed proceeds and converted them into Bitcoin, in what experts call the first phase of the money-laundering operation.  On February 21, Bybit said that a “sophisticated attack” on one of the company’s wallets resulted in the

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FTX crypto fraud victims to get their money back — plus interest

Cypto /

Bankruptcy lawyers representing customers impacted by the dramatic crash of cryptocurrency exchange FTX 17 months ago say that the vast majority of victims will receive their money back — plus interest. The news comes six months after FTX co-founder and former CEO Sam Bankman-Fried (SBF) was found guilty on seven counts related to fraud, conspiracy, and

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After 6-year hiatus, Stripe to start taking crypto payments, starting with USDC stablecoin

Cypto /

Stripe, the fintech giant, continues to inch its way back into the cryptocurrency market. On Thursday the company announced that it would let customers accept cryptocurrency payments, starting with just one currency in particular, USDC stablecoins, initially only on Solana, Ethereum and Polygon. This will be the first time that Stripe has taken crypto payments

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Block lets Square merchants convert a part of their daily sales to bitcoin

Cypto /

Block, the company behind Square, Cash App and other services, announced a new program today allowing merchants using Square’s solutions to convert a percentage of their daily sales to bitcoin. The feature, rolling out in the U.S. starting today, will transfer 1-10% of Square sellers’ daily sales to their personal Cash App account. This amount

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