A former Los Angeles County sheriff’s deputy will spend nearly two years behind bars after admitting he weaponized his law enforcement authority to serve a self-styled cryptocurrency mogul known as the Godfather. Eric Saavedra, 42, was sentenced Monday for leading a conspiracy that involved recruiting dozens of fellow deputies to act as private security and
Bitcoin managed to shake off recent losses on Tuesday, climbing back up to trade at approximately 84,170 dollars. This recovery comes at a curious time for investors, as the cryptocurrency market appears to be decoupling from traditional equities. While digital assets found their footing, U.S. stocks continued to slide for a second consecutive session, weighed
Bitmine Immersion Technologies has reached a staggering milestone in its aggressive acquisition strategy, announcing that its combined crypto, cash, and marketable securities holdings have climbed to 17.2 billion dollars. Central to this massive balance sheet is the company’s accumulation of over 6 million Ethereum tokens, which represents roughly 4.9 percent of the entire ETH supply.
The digital playground of cryptocurrency is buzzing once again as meme coins experience a sudden and aggressive resurgence. From established veterans like Dogecoin seeing double digit weekly gains to a flood of brand new projects, the market seems to be shifting back into a highly speculative gear. Much of this energy is being driven by
For fifteen years, Kraken was known primarily as a powerhouse in the world of cryptocurrency exchanges. However, its parent company, Payward, is quietly evolving into something far more ambitious. According to co-CEO Arjun Sethi, the Wyoming-based firm is no longer just managing a trading platform but is instead constructing a comprehensive financial empire designed to
The cryptocurrency market showed remarkable resilience on Friday, largely ignoring a massive security breach at Bitget that saw the exchange lose 351.6 million dollars. Attackers managed to compromise a backend system within the platform’s wallet infrastructure and spoofed transaction data to bypass authorization processes. While withdrawals remain suspended pending a full security review, Bitget CEO
Xi will make a state visit to the U.S. from Sep. 23–25, with Trump and Xi scheduled to meet at the White House for the Trump-Xi Summit on Sep. 24. U.S.-China negotiators have already discussed trade and AI, including possible tariff reductions on non-sensitive goods and an AI incident-notification mechanism. U.S. President Donald Trump and
Sen. Bernie Sanders and Rep. Greg Casar introduced legislation to ban artificial superintelligence and temporarily pause development of advanced AI systems. The bill would establish a cabinet-level Department of Artificial Intelligence to oversee advanced AI systems and enforce federal safety rules. Sen. Bernie Sanders and Rep. Greg Casar officially unveiled legislation Wednesday, September 23, that
Elon Musk’s X now lets U.S. users trade Bitcoin, crypto and stocks through Cashtags via connected exchanges and brokerages. Coinbase, Kraken, Gemini, Interactive Brokers and Moomoo are among the initial partners, while trades are executed on their platforms. X has launched a new Cashtag Partner Program in the United States, allowing users to move from
Bitcoin surged past the 86,000 dollar mark on Monday, marking its highest valuation since late January and fueling a heated debate among traders about whether the dreaded crypto winter has finally thawed. The digital asset climbed nearly six percent during the session, reaching a peak of 86,349 dollars as part of a broader rally that