Month: May 2025

Americans want to ditch gold reserves for Bitcoin? New survey raises eyebrows

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A survey by the Nakamoto Project attracted criticism after indicating that 8 out of 10 Americans want the U.S. to sell some of its gold reserves to buy Bitcoin. The U.S. crypto reserve continues to be a divisive issue, as revealed by the reactions to one recent survey. On May 20, the Nakamoto Project, a pro-Bitcoin (BTC) non-profit organization, claimed that one in four Americans want the U.S. to convert at least some of its gold reserves into Bitcoin. However, the findings quickly raised questions about the survey’s methodology. Troy…

Genesis Files Suits Against DCG to Recover Billions Worth of Allegedly Fraudulent Transfers

Crypto lender Genesis and its subsidiaries filed two lawsuits against its parent company, Digital Currency Group (DCG), DCG CEO Barry Silbert and other executives, seeking to recover what it called fraudulent transfers of crypto worth billions of dollars. In total, Genesis and its creditors are seeking $3.2 billion across the two lawsuits. It is seeking to recover $2.2 billion in a suit filed in the Court of Chancery of the State of Delaware and more than $1 billion in a suit at the Bankruptcy Court for the Southern District of…

Dogecoin Breakout Expected Within The Next 7 Days: Analyst

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The daily Dogecoin/USDT chart published on X by Bitcoinsensus depicts the memecoin locked in a textbook bullish reversal that has been six months in the making. Dogecoin Breakout Within…

Javier Milei shuts down task force investigating LIBRA scandal

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Argentine President Javier Milei has dissolved a task force established to investigate the fallout from LIBRA, the scandalous cryptocurrency project the head of state promoted on his social media channel before it crashed to zero.  The Investigative Task Force (ITU) was dissolved via a May 19 decree signed by Milei and Justice Minister Mariano Cúneo Libarona, government documents revealed.  “The Research Task Unit is dissolved” after completing its mandate, the translated version of the decree read. The task force is being dissolved despite pressure from opposition groups, which are seeking…

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Solana price rises 3% as bulls eye new momentum

Solana price saw a slight uptick as the cryptocurrency market looked to hold onto recent gains, with the altcoin consolidating within a key range. The price of Solana (SOL) rose more than 3% in the 24-hours, up from a 6% dump the previous day. Latest gains during early trading during the U.S. session on May 20, 2025, come as Solana-focused research and development firm Anza unveiled a major consensus protocol change. While SOL signalled the potential for a bearish flip when price broke below the $170 level, buyers have held…

Why Trump’s ‘big, beautiful’ bill is bullish for Bitcoin and altcoins

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President Donald Trump’s ‘big, beautiful’ bill is set to become law, a move that some argue will increase U.S. deficits and debt while likely boosting Bitcoin and altcoin prices in the long term. The bill extends the 2017 tax cuts Trump signed into law. It also introduces new tax measures he campaigned on, including a $1,000 tax credit for all children born in the country and exemptions for tips. It will also raise the estate tax exemption to $15 million. The “big, beautiful” bill will likely be bullish for Bitcoin…

Kraken Gains Cyprus License to Offer Derivatives in EU

Key Notes Kraken obtained a MiFID license via the acquisition of a Cypriot investment firm earlier this year. The license will grant Kraken more room to expand its crypto derivatives offering in the EU. Derivatives are now a major part of Kraken’s total trading and global crypto markets. Digital asset exchange giant Kraken has taken another step in its global strategy. According to the exchange, it has secured regulatory approval to offer crypto derivatives in the European Union. This follows a recently acquired license in Cyprus. Kraken Gains Ground in…

Binance Blames SBF for FTX Implosion, Wants to Toss Lawsuit

Key Notes Binance filed a motion to dismiss a $1.76 billion clawback suit from the FTX estate. Motion claims that FTX’s claims are baseless and the court lacks jurisdiction since Binance and CZ are not US citizens. While legal battles continue, the FTX Recovery Trust is preparing to distribute over $5 billion to creditors. In a legal rebuttal filed on May 16, crypto exchange Binance asked a Delaware bankruptcy court to dismiss a $1.76 billion clawback lawsuit brought by the FTX estate.  In the documentation, the leading digital asset trading…

Strive to acquire ‘distressed’ Mt. Gox Bitcoin at discounted price

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Strive Enterprises, the asset management firm founded by Vivek Ramaswamy, has announced plans to purchase distressed Bitcoin claims.  Some of these claims include those tied to the Mt. Gox estate. This announcement came through a strategic partnership with 117 Castell Advisory Group. The move is aimed at acquiring discounted Bitcoin (BTC) exposure for Strive’s investment products. According to the SEC filing, the partnership will target claims that have been legally settled but not yet distributed, such as approximately 75,000 BTC from Mt. Gox’s bankruptcy proceedings.  By acquiring these claims below market…