Bitcoin's Self-Proclaimed Creator Craig Wright Faces Suspended Prison Sentence for UK Court Contempt
Craig Wright, who claims to be Bitcoin's creator Satoshi Nakamoto, receives a one-year suspended prison sentence for violating a UK court injunction. The ruling follows overwhelming evidence that Wright fabricated his claims and documentation about being Bitcoin's mysterious founder.
Massive $800M Crypto Liquidation Wave Hits as Bitcoin Touches $96K
Over $846 million in crypto trading positions were liquidated within 24 hours, affecting 243,000 traders amid significant market volatility. The largest single liquidation was a $15.8M ETHUSDT position on Binance, while Bitcoin climbed to $96,811 despite the turmoil.
El Salvador Phases Out Chivo Bitcoin Wallet in Historic $1.4B IMF Agreement
El Salvador announces plans to discontinue its state-backed Chivo cryptocurrency wallet as part of a landmark $1.4B IMF deal, though Bitcoin remains legal tender. The agreement marks a strategic shift in the country's crypto approach while potentially unlocking over $3.5B in international financing.
Court Holds Bitcoin Claimant Craig Wright in Contempt, Faces Suspended Prison Term
Australian computer scientist Craig Wright faces a suspended 12-month prison sentence after breaching a UK court order prohibiting bitcoin ownership claims. The ruling follows Wright's unauthorized £900 billion claims regarding bitcoin IP rights, further discrediting his assertion of being Satoshi Nakamoto.
Crypto Market Tumbles After Fed's Quarter-Point Rate Cut
The cryptocurrency market experienced significant turbulence following the Federal Reserve's 0.25% interest rate cut, with liquidations soaring to $853 million in 24 hours. Bitcoin briefly fell below $100,000 while other major cryptocurrencies and meme coins saw sharp declines.
Trump's Crypto Vision: Meeting with Crypto.com CEO Signals Major Policy Shift
Former President Trump's meeting with Crypto.com CEO discusses establishing a national Bitcoin reserve and key crypto appointments in his incoming administration. The talks coincide with proposed policies and nominations that suggest a dramatic shift toward crypto-friendly regulation.
Ethereum's Mass Exodus: 7.8M ETH Leaves Binance as Market Dynamics Shift
A significant withdrawal of 7.8 million ETH from Binance over two months mirrors patterns from the 2021 bull market, suggesting changing investor behavior. Despite these seemingly bullish indicators and growing institutional interest, Ethereum's price remains subdued below $4,000 while Bitcoin reaches new highs.
Ohio Proposes Groundbreaking Bitcoin Reserve Bill, Following Texas and Pennsylvania
Ohio House Bill 703 could make the state the third in the US to hold Bitcoin in government reserves, as lawmakers seek protection against dollar devaluation. The Ohio Bitcoin Reserve Act, introduced by Republican leader Derek Merrin, aims to authorize state treasury Bitcoin investments while promoting financial innovation.
Luxury Retail Embraces Bitcoin: High-End Brands Join Crypto Revolution
As Bitcoin surges past $107,000, prestigious luxury retailers like Printemps and S.T. Dupont are rolling out cryptocurrency payment options. This strategic shift reflects the luxury sector's efforts to attract wealthy crypto investors and adapt to an evolving digital economy.
Trump's Crypto Evolution: Meeting with Crypto.com CEO Signals Potential U.S. Bitcoin Reserve
Former President Trump met with Crypto.com CEO to discuss establishing a U.S. Strategic Bitcoin Reserve and key financial appointments. The meeting marks Trump's dramatic shift from crypto skeptic to advocate, potentially positioning the U.S. as a leader in digital assets.