-
Ford Stock Rises After Company Reports Sharp Rise in May Sales
Ford stock (NYSE: F) is trading higher today after the company reported a 16% YoY rise in its May US auto sales. The steep rise, which marks the third consecutive month of double-digit gains, comes amid President Trump’s tariffs, which... -
Australia Caps Crypto ATM Transactions at A$5,000
On June 3, Australia’s financial intelligence agency, AUSTRAC, introduced an A$5,000 ($3,250) cash limit for crypto ATM transactions to tackle fraud. The new rule requires stricter identity checks, real-time transaction monitoring, and the issuance of mandatory scam warnings at machines.... -
World Vision Conducts First Crypto Trade in South Korea After Ban Lift
On June 1, the Humanitarian aid group World Vision Korea became the first nonprofit to liquidate cryptocurrency under South Korea’s newly revised institutional trading rules. They sold 0.55 ETH on Upbit for roughly 1.98 million won ($1,436). The funds were... -
Bitcoin’s Long-Term Security at Risk as Low Transaction Fees Fail to Replace Diminishing Block Subsidy
Bitcoin’s security model has once again become a major topic of discussion among industry experts, as transaction fees remain too low to adequately replace the diminishing block subsidy. https://twitter.com/mindfrozentime/status/1928436327038480472 Ethereum Foundation researcher Justin Drake and Bitcoin Core developer James... -
Philippines Tech Company Sanctioned by US for Alleged Role in Crypto Scams
On May 29, the U.S. Treasury sanctioned a Philippine firm, Funnull Technology, and its alleged administrator, Liu Lizhi. U.S. officials stated that the company provides critical computer infrastructure, like servers and hosting services, to hundreds of thousands of websites used... -
NYC Mayor Adams Proposes ‘BitBond’ Security, Calls on NYDFS to End BitLicense
On May 28, New York City Mayor Eric Adams pitched “BitBond” - a Bitcoin-backed city bond at the Bitcoin 2025 Conference, doubling down on demands to shut down New York's expensive “BitLicense. He argued that Wall Street’s home must adopt... -
Stellantis Names Company Veteran Antonio Filosa as Its Next CEO
Auto giant Stellantis has appointed Antonio Filosa as its next CEO. Filosa is a company insider and was heading the company’s Americas business. His appointment comes months after former CEO Carlos Tavares abruptly stepped down in December 2024. However, Filosa... -
ASIC Sues Ex-Blockchain Global Executive Over $20 Million in Missing Customer Funds
On May 28, Australia’s financial regulator (ASIC) sued Liang Guo, a former director of Blockchain Global, for his role in the ACX Exchange collapse. The lawsuit alleges that he mishandled over $20 million in customer funds and failed to maintain... -
France’s Blockchain Group to Acquire 590 Bitcoin Following €63M Bond Sale
The Blockchain Group (TBG), a Paris-based company, has secured €63.3 million ($72 million) through convertible bonds. About 95% of the proceeds, roughly €60 million, will go toward purchasing 590 Bitcoin, pushing its total BTC holdings to 1,437. Most of the... -
Tom Lee Predicts Bitcoin Could Reach $1.5 Million, Positioning It as the Digital Gold of the Future
Bitcoin (BTC) has once again captured investor attention following a bold prediction by Tom Lee, co-founder of Fundstrat Global Advisors, during his recent appearance at the Consensus conference in Canada. Lee stated that BTC could reach a staggering $1 million...
