Norway’s sovereign wealth fund, the largest state-directed wealth fund in the world, increased its indirect Bitcoin (BTC) exposure by 192% over the last year, according to crypto research company K33 Research. The fund has indirect exposure to 7,161 BTC through its investment portfolio, which includes treasury companies Strategy and Metaplanet and crypto exchange Coinbase. Norway’s…
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Alena Vranova, founder of SatoshiLabs, warned of the increase in wrench attacks, physical assaults and abductions carried out against Bitcoin (BTC) and crypto holders in an attempt to steal their private keys. “Every week, there is a Bitcoiner, at least one in the world, who gets kidnapped, tortured, extorted, and sometimes even worse,” Vranova told…
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Bo Hines, the executive director of US president Donald Trump’s White House Crypto Council, announced he is stepping down on Saturday. Hines, who was appointed by the president to lead the advisory group in December 2024, said he is stepping down to rejoin the private sector and thanked the crypto community for its “unwavering” support.…
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Traditional financial institutions are increasingly shaping the narratives in the crypto sector, and are poised to benefit the most from the current trends, according to Arthur Azizov, founder of B2 Ventures, a private “alliance” of crypto services and financial tech companies. Azizov told Cointelegraph that this market cycle has been dominated by institutional investors, investment…
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Regulated Bitcoin (BTC) investment banks are coming to El Salvador, following Thursday’s approval of El Salvador’s Investment Banking Law, which classifies investment banks under different regulations than commercial banks. Investment banks will now be allowed to hold BTC and other digital assets on their balance sheets and offer crypto services to “sophisticated” investors, the equivalent…
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Tornado Cash developer Roman Storm’s legal defense fund is seeing an influx of donations as the software creator’s defense team preps for a possible retrial on charges of money laundering and sanctions violations. The Ethereum Foundation on Thursday said it will match up to $500,000 in donations to Storm’s defense fund. Source: Ethereum The jury…
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The New York Department of Financial Services (NYDFS) reached a $48.5 million settlement with crypto infrastructure company Paxos over its partnership with the Binance crypto exchange and failure to uphold sufficient anti-money laundering provisions. Paxos has agreed to pay the state of New York a $26.5 million penalty and will spend an additional $22 million…
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The US government can still retry Tornado Cash developer Roman Storm on counts of money laundering and violating sanctions due to a hung jury, according to attorneys. “The Department of Justice (DOJ) will decide in the coming days if it wants to retry those charges in a new trial,” Jake Chervinsky, chief legal officer at…
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US President Donald Trump’s administration has signed a deal with OpenAI to provide the enterprise-level version of the ChatGPT platform to all federal agencies in an effort to “modernize” operations. Under the deal, all US government agencies will have access to the AI platform for $1 per agency to facilitate integration of AI into workflow…
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The iconic “disappearing” statue of pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto, reported stolen on Saturday, has been recovered, according to Satoshigallery, the art collective responsible for installing the statue. Municipal workers from the city of Lugano, Switzerland, recovered the statue, which was thrown into Lake Lugano after it was removed from its base in Parco…
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