Two men accused of kidnapping and torturing an Italian man in a Manhattan townhouse as part of a cryptocurrency extortion plot have been granted bail. John Woeltz, 37, and William Duplessie, 33, were each issued a $1 million bail on Wednesday by New York Supreme Criminal Court Judge Gregory Carro, according to a report from…
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Tesla shares slumped nearly 5% in after-hours trading as it reported mixed results in the June quarter, caused mainly by a slump in automotive revenue. Its Bitcoin holdings remained unchanged, but the company reported its value had exceeded $1.2 billion as the crypto market rallied. It also opened a new retro-themed diner in West Hollywood…
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Over $3.1 billion in crypto has been lost so far in 2025 due to issues including smart-contract bugs, access-control vulnerabilities, rug pulls and scams, according to a report from blockchain security auditor Hacken. This figure for the first half of 2025 surpasses the total of $2.85 billion from all of 2024. While the $1.5 billion…
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Hong Kong will start enforcing its Stablecoin Ordinance on Aug. 1, making it illegal to offer or promote unlicensed fiat-referenced stablecoins (FRS) to retail investors. The new law introduces criminal penalties of up to a level five fine of 50,000 Hong Kong dollars (about $6,300) and a maximum sentence of six months imprisonment. The Hong…
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The Australian Federal Court has ruled in favor of Australian fintech firm Finder.com, clearing the company and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted nearly three years. In a Thursday court decision, Justices Stewart, Cheeseman and Meagher confirmed the previous judgment that Finder…
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Key points: Bitcoin market participants bet on a fresh short squeeze as liquidity piles into exchange order books around price. Late shorts are on the radar after a trip to punish longs the day prior. Bitcoin is regaining its command of the total crypto market cap. Bitcoin (BTC) bounced from a trip toward $117,000 on…
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An amended class-action complaint filed in the Southern District of New York alleged that memecoin platform Pump.fun operated as a “front-facing slot machine cabinet” in extracting more than $5.5 billion from users through deceptive digital asset schemes. The lawsuit, filed on Wednesday, named Pump.fun’s operators, including pseudonymous developer Bernie, parent company Baton Corp., and infrastructure…
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US prosecutors in the criminal case against Tornado Cash co-founder and developer Roman Storm offered testimony from an Internal Revenue Service (IRS) agent as they prepare to rest their case on Thursday. According to reporting from Inner City Press on Wednesday, IRS Criminal Investigation Special Agent Stephan George testified he had reviewed transaction records connected…
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A growing number of traditional companies are beginning to experiment with digital assets as part of their corporate treasury strategies, signaling a shift in how businesses view crypto’s role in financial management. This week alone, companies from sectors as diverse as agriculture, consumer manufacturing and even a nearly 80-year-old Japanese textile company announced allocations to…
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US Republican lawmakers and President Donald Trump were able to overcome inter-party disputes to get three crypto bills passed through the House of Representatives last week, but some of the legislation still has a way to go before it becomes law. After two long sessions in the House last week, on Thursday all but 12…
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