Section

Crypto

Cryptocurrencies, digital assets

Fox News — Latest

Singapore Man to Plead Guilty in $240 Million Bitcoin Theft Case

Malone Lam, a 22-year-old from Singapore, is set to plead guilty in a federal court for his role in the theft of over $240 million in Bitcoin from a single victim. The case involves a network that used social engineering tactics to gain access to the victim's digital assets, leading to significant financial losses and extravagant spending by the accused.

Bias: 4 Sentiment: -0.10
BBC — Business

Crypto Companies Shift Focus from Bitcoin Mining to AI

Companies that previously focused on Bitcoin mining are increasingly shifting their resources towards artificial intelligence (AI) due to declining Bitcoin prices. Major firms like Riot Platforms and Bitdeer are forming partnerships with AI companies and rebranding to reflect this transition. Industry analysts predict that this trend will continue, as the infrastructure changes required for AI make it difficult for companies to revert to Bitcoin mining.

Bias: 4 Sentiment: +0.00
The Hill

CFTC Chair Plans to Establish Crypto Rules if Congress Does Not Act

CFTC Chair Michael Selig announced that the agency will act quickly to establish cryptocurrency regulations if Congress does not pass legislation by the end of the year. He expressed readiness to implement the bill during a meeting with industry executives.

Bias: 30 Sentiment: +0.10
BBC — Business

Trump Media reports $238 million loss amid cryptocurrency decline

Trump Media has announced a loss of $238 million, linking it to the downturn in cryptocurrency markets. The company plans to concentrate on its social media initiatives, including a service that provides quicker access to posts from Donald Trump.

Bias: 14 Sentiment: -0.10