Security News

Roger Ver — also known as “Bitcoin Jesus” — has urged a United States judge to dismiss a case from US prosecutors alleging he committed tax evasion when selling millions of dollars in Bitcoin, claiming the case is unconstitutional. In a Dec. 3 filing to a California federal court, Ver argued that the Internal Revenue Service’s (IRS) […]

The cryptocurrency market regained some footing after South Korean President Yoon Suk-yeol reversed his declaration of martial law — less than six hours after imposing it. The declaration was lifted around 4:30 am local time during a Cabinet meeting, per local reports. Around 190 lawmakers in the country’s 300-member parliament voted to reject the martial […]

Foundry, the world’s largest Bitcoin BTC$95,649 mining pool, has laid off 27% of its staff amid a planned restructuring, a person familiar with the matter told Cointelegraph on Dec. 3. The layoffs include 16% of Foundry’s United States-based workforce and a portion of its team in India as well, the person said. Foundry’s parent company, Digital Currency […]

MARA, the Nasdaq-listed cryptocurrency miner formerly known as Marathon Digital, has acquired a wind farm in Hansford County, Texas. The facility will see the first implementation of the company’s Advanced ASIC Retirement Initiative. Efficient use of energy and equipment MARA announced a definitive agreement for the acquisition of the facility on Dec. 3. It has […]

Yuga Labs, the blockchain company behind the ape-themed non-fungible tokens (NFT) collections Bored Ape Yacht Club (BAYC) and ApeCoin, has acquired the tech team of Tokenproof, a Web3 tokenization service. On Dec. 3, Tokenproof founder and CEO Fonz O said that Yuga Labs had acquired Tokenproof’s technology and onboarded some of its team members. According […]

XRP Ledger reduced base reserve requirements from 10 XRP ($25.60 at current XRP prices) to just 1 XRP ($2.56) on Dec. 2, blockchain data shows. This allows new network users to fund their wallets with a smaller amount of cryptocurrency, potentially reducing a barrier to adoption. It also allows users to spend some XRP they […]

Coinbase CEO Brian Armstrong said the cryptocurrency exchange will not work with law firms that hire individuals involved in what he described as anti-crypto actions during their tenure in government. On Dec. 3, Armstrong said in an X post that Coinbase will avoid law firms that hire people who tried to “unlawfully kill” an industry without clarifying […]

Billionaire Elon Musk has filed another motion to block ChatGPT-creator firm OpenAI from converting to a for-profit enterprise while also alleging it has been engaging in anti-competitive practices. Musk accused OpenAI, its CEO Sam Altman, President Greg Brockman and stakeholder Microsoft of violating terms of Musk’s “foundational contributions to the charity,” according to the motion for a […]

Many in the crypto industry see President-elect Donald Trump’s victory in the 2024 United States elections as a watershed moment, largely thanks to the myriad promises Trump made on the campaign trail. Still, some members of the US crypto community took other factors into account. Margaret Rosenfeld, chief legal officer at fintech platform Tilt, told Cointelegraph that […]

MicroStrategy chair and Bitcoin bull Michael Saylor told Microsoft’s board of directors that the firm could add nearly $5 trillion to its market cap if it were to go all-in on Bitcoin. Saylor made the point during a pitch to Microsoft’s board on why the tech giant should buy Bitcoin, whipping through 44 slides in a little […]