Category: Crypto

Ripple co-founder Chris Larsen and venture capitalist Tim Draper launched Grow California with $40 million to elect moderate state legislators and oppose a union-backed wealth tax that would impose a 5% levy on net worth exceeding $1 billion.
The post Ripple Co-Founder Leads $40M Push to Counter California Wealth Tax appeared first on Cryptonews. …

Bitcoin mining activity has suffered its sharpest setback in four years after severe winter storms forced large operators to scale back production.
The post Bitcoin Hashrate Falls 12% After US Winter Storms Hit Miners appeared first on Cryptonews. …

Step Finance disclosed a $30 million breach of multiple treasury wallets containing 261,854 SOL tokens during Asian Pacific trading hours, sending its native STEP token down 90% as the incident adds to January’s $370 million in total crypto exploit losses.
The post $30M Stolen as Step Finance Treasury Wallets Compromised appeared first on Cryptonews. …

Changpeng Zhao, widely known as CZ, has rejected allegations that Binance played a central role in the largest liquidation event in crypto market history.
The post CZ Pushes Back on Claims Binance Triggered Historic $19B Crypto Liquidations appeared first on Cryptonews. …

A Delaware judge ruled that a shareholder lawsuit alleging insider trading by Coinbase directors including Marc Andreessen and Brian Armstrong can proceed despite a 10-month internal investigation clearing the defendants, citing conflicts involving a special committee member that reviewed $2.9 billion in stock sales during the company’s 2021 direct listing.
The post Coinbase Insider Trading Lawsuit Advances Despite $2.9B Stock Sale Defense appeared first on Cryptonews. …

Bitcoin trades near $83K as volume falls and selling pressure builds. Key support at $80.5K may decide whether BTC stabilizes or breaks lower.
The post Bitcoin Price Prediction: $50B Volume Drops 40% as BTC Tests $83K – Is a Breakdown Next? appeared first on Cryptonews. …

Precious metals experienced catastrophic losses as silver recorded its largest intraday drop in history at 36% and gold plunged over 12%, wiping out $15 trillion in market value following Trump’s nomination of Kevin Warsh as Federal Reserve chair, while Bitcoin fell to a nine-month low of $82,000 amid accelerating ETF outflows.
The post Silver Plunges Record 36% as Precious Metals Suffer Historic Collapse – Bitcoin About to Rally? appeared first on Cryptonews. …

A Chinese national received a 46-month federal prison sentence for laundering $36.9 million stolen from American victims through romance scams and fake cryptocurrency trading platforms, with stolen funds routed through Bahamas banks before conversion to Tether and distribution to Cambodia-based scam centers.
The post US Court Sentences Chinese National to Nearly 4 Years for $37M Crypto Fraud appeared first on Cryptonews. …

XRP trades near $1.70 after $70M in futures liquidations. Weak sentiment and bearish charts put $1.64 and $1.60 support levels in focus.
The post XRP Price Prediction: $70M Liquidated as XRP Tests $1.70 – Is $1.60 Next? appeared first on Cryptonews. …

JPMorgan CEO Jamie Dimon confronted Coinbase’s Brian Armstrong at Davos over claims banks are undermining a US crypto bill.
The post JPMorgan’s Dimon Tells Coinbase’s Armstrong to Stop “Lying” About Crypto Bill appeared first on Cryptonews. …