Author: James Wilson

Thomas John “T.J. Stone” Sfraga was sentenced in federal court for scamming real estate and crypto investors through a business inspired by the 90s TV show Seinfeld. According to a press release from the U.S. Attorney’s Office, Sfraga was sentenced to 45 months in prison and ordered to pay nearly $1.4 million in forfeiture to the state. The restitution amount will be announced at a later date. Sfraga pleaded guilty to wire fraud charges in May 2024. He reportedly convinced multiple victims to invest in a fake crypto project called “virtual wallet.” He promised investors returns as high as 60%…

Solana’s price has come under pressure over the past two months amid growing concerns about its ecosystem. Solana (SOL) has dropped from its year-to-date high of $295.52 to a low of $112 this week, wiping out $71 billion in market value as its market cap plunged from $139 billion to $68 billion. Solana’s crash was because of the ongoing crypto crash that has brought the total market cap of the whole industry to $2.8 trillion. The price drop has also been fueled by rising concerns about Solana’s ecosystem, which has become increasingly linked to meme coins. The market cap of…

Russia is relying on crypto in its oil trade with China and India to navigate Western sanctions. While traditional currencies like the Chinese yuan and Indian rupee remain dominant, digital assets such as Bitcoin (BTC), Ethereum (ETH), and the stablecoin Tether (USDT) are being used to facilitate conversions into Russian roubles, sources told Reuters.  Russia’s $192 billion oil trade has been adapting to financial restrictions since the invasion of Ukraine. Last year, the country passed a law permitting digital currency payments for international trade, but its use in the oil sector had not been previously reported. Crypto payments help streamline…

Ethereum’s vision appears to be so messy that it leaves EVM changes in limbo, says a former Ethereum Foundation engineer. Frustrated by the lack of direction and stalled progress in Ethereum’s development, a former Solidity expert and compiler engineer claims there is a “lack of a clear and cohesive vision” for Ethereum (ETH) and the Ethereum Virtual Machine, making progress in the latter “impossible.” This is why I left the Ethereum Foundation.There is a lack of a clear and cohesive vision for Ethereum and EVM, making progress in EVM impossible.I’ve seen EVM changes repeatedly shut down because they don’t check…

REX Shares has launched the REX Bitcoin Corporate Treasury Convertible Bond ETF. This will be a fund that invests in convertible bonds issued by companies that hold Bitcoin (BTC) in their corporate treasury, according to a company release. Convertible bonds are a type of debt that can be converted into company shares under certain conditions. Some companies use these bonds to raise money and buy Bitcoin for their balance sheets. The strategy gained attention after Michael Saylor, now Chairman of Strategy (formerly MicroStrategy), used it to accumulate Bitcoin. BMAX simplifies access to this investment approach by packaging these bonds into…

A new report from 10x Research suggests it’s too early to buy a dip, as Bitcoin is heading to around $73,000 soon. The next bull run will require a new narrative, according to Markus Thielen, a CEO and the main analyst at 10x Research. 10x puts a substantial chunk of the blame for the crypto market decline on Trump’s policies and memecoins collapse: “Many retail investors are now holding portfolios packed with meme coins, most of which are on a slow march to zero with TRUMP leading the way collapsing under the weight of speculation, much like the broader market…

Shares of Bitcoin miner Bit Digital climbed 7% after the company reported more than a 140% revenue jump in 2024, fueled by its growing cloud services segment. Bit Digital’s latest financial results suggest a major shift is underway as its expanding cloud services and high-performance computing operations appear to be reshaping its revenue mix. In a press release on Friday, March 14, Bit Digital reported $108.1 million in total revenue for 2024, a 141% increase from the previous year. The company’s management attributed the surge to the successful rapid expansion of its HPC business. Data shows that cloud services, which…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin dips below $82k after U.S. Bitcoin Reserve news but stays bullish, while XYZVerse rises as a top memecoin contender. Bitcoin (BTC) has recently faced volatile price action, dipping below $82,000 following the U.S. government’s announcement of the Strategic Bitcoin Reserve. Despite the short-term pullback, BTC remains in a long-term uptrend, with institutional adoption and macroeconomic factors fueling optimism. One of the most significant fundamental catalysts is President Donald Trump’s executive order to establish a Bitcoin reserve, utilizing seized…

Sei’s price has been in a strong downward trend over the past few months, but technical and fundamental indicators suggest that a rebound may be possible. Sei (SEI), a layer-1 token, dropped to a low of $0.1722 this week, down over 70% from its highest level in December. According to DeFi Llama, Sei’s decentralized finance or DeFi ecosystem is firing on all cylinders. The total value locked in the network jumped to a record high of $340 million — a significant increase considering it bottomed at $170 million in February. This is also a major achievement since most layer-1 and…

MoonPay has received a Money Transmitter License from the Wisconsin Department of Financial Institutions. This license allows the company to expand its services in the state, according to a press release shared with crypto.news. This means that Wisconsin residents can now use MoonPay Balance to deposit funds for fee-free purchases, excluding ecosystem and network fees. Wisconsin, the 20th most populous U.S. state, has shown increasing interest in crypto. Last year, it became the first state government to buy Bitcoin.  The addition of Wisconsin brings MoonPay’s total MTL count to 46, reflecting its push for regulatory approvals across the U.S. “With…