Monthly archives: February 2025

Thorchain is experiencing a developer exodus, as hackers from Lazarus Group are using the interoperability-focused blockchain to launder Ethereum (ETH) stolen in the Bybit hack. A Thorchain developer known as TCB announced that Pluto, the protocol’s unofficial lead developer, is stepping down. TCB himself has also indicated his imminent departure unless a swift resolution is …

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The US Securities and Exchange Commission’s (SEC) Division of Corporation Finance clarified that memecoins do not constitute securities under federal law, marking a notable stance on a sector of the crypto market often fueled by speculation and internet culture. In a Feb. 27 staff statement, the SEC emphasized that memecoins, which are typically inspired by …

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The Texas Senate Banking Committee unanimously approved a bill on Feb. 27 to create a state-managed Bitcoin (BTC) and crypto reserve, sending the proposal to the full Senate for consideration. Senate Bill 21 (SB-21), introduced by State Sen. Charles Schwertner, authorizes the Texas Comptroller of Public Accounts to acquire, manage, and trade Bitcoin and other …

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New legislation would mandate fraud warnings, transaction limits, and mandatory refunds for crypto ATM users, aiming to curb scams and hold operators accountable. Senators Introduce Crypto ATM Fraud Prevention Act U.S. Senator Jack Reed (D-RI) announced on Feb. 26 that he has introduced the Crypto ATM Fraud Prevention Act (S. 710) to address the growing …

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BRICS will prioritize secure, transparent payment systems this year under Brazil’s leadership, advancing financial sovereignty and reducing reliance on Western financial networks. BRICS Payment Systems Just Got Serious—Brazil’s 2025 Agenda Revealed Brazilian President Luiz Inacio Lula da Silva announced on Feb. 26 that Brazil will focus on developing secure payment systems during its BRICS presidency …

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The FBI urged immediate action to block transactions tied to North Korea’s $1.5 billion crypto heist, warning the hackers are swiftly laundering funds to evade recovery. FBI Urges Public and Private Sectors to Cut Off North Korea’s Stolen $1.5B in Crypto The Federal Bureau of Investigation (FBI) has confirmed that North Korea was behind the …

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Robert Kiyosaki warns the U.S. economy is collapsing, inflation will soar, and the dollar will crash—urging investors to escape with bitcoin, gold, and silver now. Robert Kiyosaki Says Buy Bitcoin Now as Inflation and Recession Wreck the Dollar Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has once again voiced his views on bitcoin …

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The country’s authorities opened bullion services in two state-owned institutions and declared that more licenses could follow. Prabowo Subianto, president of Indonesia, stated that this bullion initiative could “help save the country’s foreign exchange.” Indonesia Launches Bullion Banking, Aims to Include Gold Savers Into the Country’s Formal System Indonesia is launching formal bullion-based banking, joining …

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Uniswap Wallet has introduced off-ramp capabilities through a deepened partnership with Web3 payments provider Transak, enabling users worldwide to convert cryptocurrencies to fiat currencies directly within the app. Uniswap and Transak Expand Partnership The integration, announced Feb. 26 and effective Feb. 27, allows users to sell assets like ethereum (ETH) and stablecoins into local currencies …

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Bitcoin (BTC) saw a sharp plunge on Feb. 27, 2025, at 8:35 p.m. Eastern Time, dropping from around $84,000 to the $81,084 range in a matter of minutes on Bitstamp. The sudden move startled traders and triggered a wave of stop-loss orders, intensifying the rapid sell-off. Coinglass stats show $106 million in bitcoin longs were …

Continue reading “Bitcoin Shakeout: $106M Liquidated in Minutes as Price Dips to $81K”