Trump Media’s Crypto Bet Collapses in a Substantial $406 million Quarterly Loss
Trump Media & Technology Group’s stock is currently around $8.93, a sharp contrast to its peak of $97.50 per share in early 2022. The company, which owns Truth Social, has seen its value drop by more than 90% since then. Related reading: Tether Ramps Up…
Aya Miyaguchi Transitions to New Leadership Role Within Ethereum Foundation
Aya Miyaguchi, the Executive Director of the Ethereum Foundation, has recently announced her departure from the position. She will be stepping into a new role as President of the foundation, reflecting a broader leadership reshuffle aimed at addressing…
Ripple Co-Founder Chris Larsen’s $1 Million Donation to Kamala Harris PAC Raises Concerns in Crypto Community
In a move that has sparked significant debate within the cryptocurrency community, Chris Larsen, co-founder of Ripple, has donated $1 million worth of XRP to a Political Action Committee (PAC) supporting U.S. Vice President Kamala Harris’s…
Michael Saylor Settles $40 Million Tax Evasion Lawsuit with Washington, D.C.
Billionaire Michael J. Saylor, co-founder of MicroStrategy, has recently made headlines for reaching a historic settlement with the District of Columbia (D.C.). The settlement resolves a tax evasion lawsuit filed by the D.C. Office of the Attorney…
Ripple CEO Brad Garlinghouse Anticipates XRP ETF by 2025
Ripple CEO Brad Garlinghouse remains steadfast in his prediction that an XRP exchange-traded fund (ETF) is on the horizon, defying market skepticism. Here’s what you need to know: Growing Interest in Crypto Investments Garlinghouse’s optimism stems from…
Ethereum Co-Founder Joe Lubin Criticizes SEC for Spreading ‘FUD’
Recently, Ethereum co-founder Joe Lubin voiced his concerns over the U.S. Securities and Exchange Commission’s (SEC) approach towards the crypto industry, which he believes is designed to instill “fear, uncertainty, and doubt” (FUD).…
MicroStrategy buys 122 more Bitcoin worth $7.8 million
MicroStrategy has recently expanded its Bitcoin portfolio by purchasing an additional 122 Bitcoins, valued at $7.8 million. This acquisition is part of the company’s ongoing strategy to integrate Bitcoin into its treasury reserves, a decision that has…
Sam Bankman-Fried (SBF) Sentenced to 24 Years: A Landmark Case in Crypto History
In a courtroom drama that reverberated through the crypto world, Sam Bankman-Fried, the former CEO of FTX, has received a staggering 24-year prison sentence. The verdict, delivered by Judge Rebecca Thompson, carries significant implications for the…