Crypto News

A man from the US state of Virginia will spend over three decades behind bars after being convicted of sending crypto to the terrorist organization commonly known as the Islamic State of Iraq and Syria.Federal Judge David Novak sentenced Mohammed Azharuddin Chhipa to 30 years and four months in prison on May 7 for sending…Read More

Rumble’s pro-crypto founder and CEO has confirmed that the firm will launch its Bitcoin and stablecoin wallet in the third quarter of this year, aimed at giving the Coinbase Wallet a run for its money. The Rumble Wallet will be launched in partnership with stablecoin issuer Tether and compete directly with Coinbase, Chris Pavlovski said in…Read More

Bitcoin mining firm MARA Holdings (MARA) nearly tripled its Bitcoin holdings over 12 months, according to its newly released Q1 results.However, its Bitcoin production fell, and total earnings slightly missed Wall Street estimates in Q1.MARA, formerly Marathon Digital, saw its Bitcoin (BTC) holdings increase to 47,531 BTC, up 175% from the 17,320 BTC the firm…Read More

A crypto-skeptical commissioner at the US Securities and Exchange Commission has blasted her agency over its settlement letter that could finally end the Ripple legal saga. The SEC and Ripple filed a joint settlement letter in a New York court asking for the August 2024 injunction against Ripple to be dissolved and $75 million of…Read More

Crypto exchange Coinbase’s total revenue fell 10% quarter-over-quarter to $2 billion in Q1, missing industry estimates by 4.1% as trading activity slowed across the market.Coinbase’s net income was sliced by 95% from a near-company record $1.29 billion in Q4 to $66 million, in a large part due to Coinbase marking a $596 million paper loss…Read More

Bitcoin Magazine MARA Reports $214M in Q1 Revenue, Grows Bitcoin Holdings to 47,531 BTC MARA Holdings, Inc. (NASDAQ: MARA) has reported first quarter 2025 earnings, announcing $213.9 million in revenue—a 30% increase from Q1 2024—as the company continues its transformation into a digital energy and infrastructure powerhouse. “Revenues increased 30% to $213.9 million in Q1…Read More

Tech company Meta is reportedly exploring integrating stablecoin payments into its platforms after a three-year hiatus from cryptocurrencies, Fortune reported, citing sources familiar with the matter.The Facebook parent held talks with several crypto infrastructure firms in consultation but has not chosen a decisive course of action, according to the report.One source said the company may…Read More

Today in crypto, Democrats in the United States block the GENIUS stablecoin bill from advancing, Coinbase has agreed to acquire crypto options trading platform Deribit in a deal worth $2.9 billion, Arizona’s governor signed a “Bitcoin Reserve Fund” into law.GENIUS stablecoin bill blocked in US SenateThe Guiding and Establishing National Innovation for US Stablecoins (GENIUS)…Read More

Wellgistics Health, a healthcare infrastructure company, will integrate XRP (XRP) and related technologies into its payment network to streamline transactions between pharmacies, medical suppliers and prescription medication manufacturers, the company said in an announcement on May 8. Wellgistics cited the finality time of XRP transactions and reduced transaction costs, which are fractions of a penny,…Read More

Bitcoin Magazine CleanSpark Reports $181.7M in Q2 Revenue, Stays on Course to Hit 50 EH/s Bitcoin Mining Target Strong revenue growth contrasts with net loss as CleanSpark stays committed to scaling bitcoin mining operations and targets 50 EH/s hashrate by June. This post CleanSpark Reports $181.7M in Q2 Revenue, Stays on Course to Hit 50…Read More

Coinbase’s agreement to buy Deribit highlights the increasing importance of financial derivatives for cryptocurrency exchanges, according to industry executives. On May 8, Coinbase, the US’s largest crypto exchange by trading volume, agreed to acquire crypto derivatives platform Deribit for $2.9 billion in the crypto industry’s largest corporate acquisition to date.  The deal reflects increasing competition among digital…Read More

Key takeaways:97% of the $8.3 billion in Bitcoin put options expire worthless at a $102,000 BTC price.Short covering above $105,000 could trigger a Bitcoin price rally to new highs.Bitcoin (BTC) soared above $101,000 on May 8, reaching its highest level in over three months. The 4.6% daily BTC price gain triggered $205 million in liquidations…Read More

Bitcoin Magazine OCC Gives Banks the Green Light to Offer Bitcoin and Crypto Custody and Trading Services The OCC’s latest guidance clarifies that national banks and federal savings associations can offer cryptocurrency custody and trading services, including outsourcing to third-party providers, as long as they adhere to risk management practices and regulatory compliance. This post…Read More

Bitcoin Magazine Three New U.S. State-Level Bitcoin Bills Signed Into Law From New Hampshire to Arizona to Oregon, more proposed Bitcoin legislation has become law in recent days. This post Three New U.S. State-Level Bitcoin Bills Signed Into Law first appeared on Bitcoin Magazine and is written by Frank Corva.Read More

Bitcoin Magazine What is a Strategic Bitcoin Reserve? A Strategic Bitcoin Reserve is a designated accumulation of Bitcoin (BTC) held by a government, institution, or corporation to secure financial stability, hedge against inflation, and reinforce economic sovereignty. This post What is a Strategic Bitcoin Reserve? first appeared on Bitcoin Magazine and is written by Conor…Read More

Bitcoin Magazine Arizona Becomes Second State to Establish Strategic Bitcoin Reserve Arizona joins New Hampshire in leading the digital finance frontier, turning unclaimed state assets into Bitcoin through a bold, budget-neutral strategy aimed at combating inflation and modernizing public funds. This post Arizona Becomes Second State to Establish Strategic Bitcoin Reserve first appeared on Bitcoin…Read More

Bitcoin Magazine Sculpting Scarcity: Artist Maxfield Mellenbruch Brings Rare Steak Worth Millions To Bitcoin 2025  Rare is a jeweled sculpture of platinum and over 12,000 stones—provocative, absurd, and rooted in the primal instincts that Bitcoin taps into. This post Sculpting Scarcity: Artist Maxfield Mellenbruch Brings Rare Steak Worth Millions To Bitcoin 2025  first appeared on…Read More

Bitcoin Magazine Coinbase To Acquire Bitcoin And Crypto Options Platform Deribit For $2.9B Bitcoin and crypto exchange Coinbase has agreed to acquire derivatives trading platform Deribit for $2.9 billion, marking the largest acquisition in the industry’s history. This post Coinbase To Acquire Bitcoin And Crypto Options Platform Deribit For $2.9B first appeared on Bitcoin Magazine…Read More

Bitcoin Magazine Standard Chartered Analyst Apologizes For $120K Bitcoin Price Prediction, Says It Is Too Low  Standard Chartered’s Head of Digital Assets, Geoffrey Kendrick, is rethinking his bullish bitcoin forecast, and not because he was too optimistic. “I apologise that my USD120k Q2 target may be too low,” Kendrick said Thursday in an email to…Read More

Bitcoin Magazine An Excerpt From I Am Not Your Bruh: Parenting Is Progress, Not Perfection Parenting isn’t about achieving perfection—it’s about growing alongside your kids. Celebrate progress this Mother’s Day with this inspiring excerpt from George Mekhail’s I Am Not Your Bruh. This post An Excerpt From I Am Not Your Bruh: Parenting Is Progress,…Read More