Crypto News

The Bitcoin mining firm saw its earnings plummet as accounting rules forced it to face unrealized losses for its massive crypto holdings.Source link

Commissioner Caroline Crenshaw criticized the agency’s settlement with Ripple, calling it a blow to investor protections and rule of law.Source link

A brutal crime spree in NYC nightlife was brought to justice as blockchain sleuthing by Coinbase exposed killers, recovered funds, and redefined crypto’s role in law enforcement. Coinbase Says ‘It Was One of the Most Difficult Cases We’ve Supported’ Paul Grewal, chief legal officer at crypto exchange Coinbase (Nasdaq: COIN), revealed on May 6 thatSource link

Ethereum's ether ETH led the market in early Asia hours as traders reacted favorably to the protocol's recent Pectra upgrade, sending the token up nearly 20%, the biggest gain since 2021, and trading above $2100 according to market data from CoinDesk.The move comes amid a broader crypto market rally that coincided with bitcoin BTC soaring past $100,000 for the first time in three months. Ethereum’s Pectra upgrade, its most substantial overhaul since the 2022 Merge, represents a sweeping protocol hard fork, as CoinDesk previously reported.The upgrade consolidates validator operations by raising the staking limit from 32 to 2,048 ETH (via EIP-7251), advances wallet usability through account abstraction mechanisms allowing temporary smart contract functionality (via EIP-7702), and implements nine other Ethereum...

Governments are racing to lock in bitcoin reserves—investors now have a narrowing window before sovereign accumulation reshapes the entire crypto landscape. Bitcoin Reserve Momentum Surges as CZ Warns of Disappearing First-Mover Advantage Binance founder and former CEO Changpeng Zhao (CZ) has warned that the window for investors to buy bitcoin before government entities do isSource link