• Alabama’s Bitcoin Reserve Proposal: A Step Toward Financial Innovation

    Alabama State Auditor Andrew Sorrell has proposed the establishment of a Bitcoin reserve to bolster the state’s finances and attract investment. Alabama Auditor Advocates for Bitcoin Reserve Speaking with 1819 News, Sorrell outlined the potential benefits, emphasizing that early adoption...

  • GM Exits Cruise Robotaxi Business Amid Perennial Losses and Rising Competition

    General Motors (NYSE: GM) has announced that it will exit the Cruise robotaxi business and would instead focus on autonomous driving for personal vehicles. GM’s robotaxi business was burning a lot of cash while the competition in the industry is...

  • Pastor Accused of $6M Crypto Fraud Scheme Targeting Congregants

    On December 10, the United States Commodity Futures Trading Commission (CFTC) disclosed that it had filed a complaint against Francier Obando Pinillo, a pastor from Washington State, accusing him of orchestrating a $6 million crypto fraud scheme. Pastor Allegedly Used...

  • Eric Trump Advocates for Crypto Reform

    Eric Trump, son of U.S. President-elect Donald Trump, has expressed his belief that crypto reform is critical for the U.S. to remain competitive. Speaking ahead of his speech at the Bitcoin Conference in Abu Dhabi, Eric Trump described global banking...

  • North Korean Hackers Exploit DeFi Platform Radiant Capital in $50M Heist

    Radiant Capital has confirmed that a sophisticated North Korean threat actor orchestrated a $50 million hack on its decentralized finance (DeFi) Security platform. North Korean Group Executes $50M DeFi Security Breach The attack, disclosed on December 6, involved malware transmitted...

  • Telegram CEO Pavel Durov Faces Allegations in Paris Over Platform’s Role in Crimes

    Telegram CEO Pavel Durov was formally questioned in a Paris court on December 6, 2024, over allegations that Telegram facilitated illegal activities. Accompanied by his legal team, Durov attended the session amid escalating concerns regarding the platform’s role in criminal...

  • Australia Targets Crypto ATMs Over Money Laundering Risks

    In a move to counter money laundering risks, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has announced plans to focus on crypto ATMs and their operators in 2025. The centre is increasing scrutiny of these machines due to concerns...

  • Tesla Stock Eyes All-Time Highs as Post-Election Rally Continues

    Tesla stock (NYSE: TSLA) rose to its 52-week high earlier this week and is now only a tad short of its all-time high that it hit in November 2021. The stock rose 38% in November and had their best month...

  • Mt. Gox Transfers $2.4 Billion Bitcoin Following Major Price Surge

    Defunct cryptocurrency exchange Mt. Gox has moved over 24,000 Bitcoin, valued at approximately $2.4 billion. The transaction occurred on December 5, just after Bitcoin surpassed the $100,000 milestone. Mt. Gox Transfers $2.4 Billion in Bitcoin Amid Market Milestone According to...

  • Roger Ver Challenges Indictment with Motion to Dismiss

    Roger Ver, a prominent figure in the cryptocurrency world, has filed a motion to dismiss criminal charges accusing him of tax evasion. Ver, often referred to as "Bitcoin Jesus" for his advocacy of Bitcoin in its early days, was indicted...