Crypto News

Eric Council pleaded guilty to aggravated identity theft and access device fraud charges, acknowledging his involvement in the attack that caused a surge in bitcoin prices due to a fake SEC announcement of a bitcoin ETF approval. Man Pleads Guilty to ID Theft and Sim Swapping to Fake SEC Bitcoin ETF Approval Eric Council Jr.,Source link

Layer-1 blockchain TON said it is linking up with interoperability protocol LayerZero to allow users to move funds between multiple ecosystems in a relationship that will generate increased usage and fees for both parties.TON will initially be connected to 12 blockchains including Ethereum, Tron and Solana. Users will be able to transfer stablecoins to TON using Stargate, the largest crypto bridge. Stargate handled $1.6 billion in volume over the past month, according to DefiLlama.Users will also benefit from LayerZero's multichain liquidity, which allows funds locked in different blockchains to be pooled to reduce the chance of slippage — a change in price between initiating and ending a transaction — or outright failure.Liquidity is key decentralized finance (DeFi). There is some...

KULR Technology Group (KULR) has expanded its bitcoin (BTC) holdings to 610.3 BTC.The firm increased its total bitcoin stash to approximately $60 million after buying an additional $10 million worth at an average price of $103,905 per bitcoin, according to the announcement.This move aligns with the company’s bitcoin treasury strategy, announced in December 2024, where up to 90% of its surplus cash reserves are allocated to bitcoin.The company reported a BTC Yield of 167.3% year-to-date, using surplus cash and its at-the-market (ATM) equity program to fund acquisitions. BTC Yield is a key performance indicator (KPI) used to measure the percentage change in KULR’s Bitcoin holdings relative to its fully diluted shares outstanding. Shares of KULR were down nearly 2% in...

Bitcoin ETFs saw $186 million in outflows on February 10, while ether ETFs recorded $22 million in withdrawals after a strong run of inflows. Bitcoin and Ether ETFs Experience Notable Outflows The start of the week brought a shift in sentiment for crypto exchange-traded funds (ETFs). On Monday, Feb. 10, bitcoin ETFs recorded a netSource link

The U.S. Securities and Exchange Commission (SEC), Binance and its former CEO Changpeng Zhao (CZ) filed a motion to stay their case for 60 days - to make way for an early resolution and to save resources according to a court filing by a U.S. court on Monday.The ongoing case started in 2023. The SEC sued Binance and BAM Management,the operating company for Binance U.S. and CZ for allegedly violating securities laws.The newly launched Crypto Task Force could help " facilitate the potential resolution of this case," the court filing said. It was set up on January 21 by the new SEC Acting Chairman Mark T. Uyeda with the objective of helping the SEC develop a regulatory framework for crypto.“We...