Crypto News
Trump Announces 25% Tariffs on EU Imports, Bitcoin Slides Under $84K
President Donald Trump announced 25% tariffs on European Union auto imports, pharmaceuticals, and semiconductor chips, citing a $350 billion trade deficit and vowing to address “unfair” EU trade practices. Bitcoin slid under a $84,000 following the news to a low of $83,337. Trump’s 25% EU Tariffs According to reports, the tariffs, set to take effectSource link
Gotbit Founder Aleksei Andriunin Extradied to U.S. on Fraud Charges
Gotbit founder Aleksei Andriunin, a 26-year-old Russian national, was extradited to the U.S. on Tuesday to face fraud charges stemming from allegations that his firm participated in a “wide-ranging conspiracy” to manipulate token prices for paying client cryptocurrency companies, the U.S. Department of Justice said in a press release on Wednesday.Andriunin was arrested in Portugal last October and subsequently indicted by a Boston grand jury on charges of wire fraud and conspiracy to commit market manipulation and wire fraud, charges which carry a combined maximum sentence of 25 years in prison. The indictment also charged Gotbit itself, as well as two of its directors, Fedor Kedrov and Qawi Jalili, both also of Russia.Between 2018 and 2024, prosecutors say that Gotbit...
Bitcoin, Ethereum Fall to Lowest Prices in Months as Liquidations Top $600 Million
Crypto prices are crashing again, with Bitcoin now trading below $84,000 and Ethereum hitting a five-month low price.Source link
Meme Coin Platform Pump.fun’s X Account Compromised, Prompts Scam Token Warnings
Pump.fun, a Solana-based meme coin platform, experienced a suspected compromise of its official X account, @pumpdotfun, after user reports of scam token promotions linked to the breach emerged. Pump.fun Faces X Account Hack On Feb. 26, 2025, multiple X users flagged unusual activity on the account, including a post promoting tokens with contract addresses thatSource link
U.S. House Committee Advances Effort to Erase IRS’ DeFi Tax Rule
The U.S. House of Representatives has taken the first significant move to erase the work of the Internal Revenue Service to impose a tax regime on decentralized financial (DeFi) platforms in the final days of former President Joe Biden's administration.The House Ways and Means Committee — the panel responsible for overseeing the Treasury Department's IRS — advanced a resolution in a 26-16 vote to reverse the IRS transaction-reporting policy under the Congressional Review Act. Such an effort requires majority approval in both the House and Senate before a presidential signature would make the move final, and the matter now moves to the overall House.In December, the IRS had approved a system that the crypto industry says forces DeFi protocols into...