Day: March 27, 2025

SEC has officially closed its investigation into Crypto.com, CEO says

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The US Securities and Exchange Commission has officially closed its investigation into Crypto.com, with no action taken against the crypto exchange, according to the firm’s CEO, Kris Marszalek. It comes seven months after the SEC issued a Wells notice to the crypto platform in August, signaling its intention to take legal action against the firm. ”They used every tool available to attempt to stifle us, restricting access to banking, auditors, investors, and beyond. It was a calculated attempt to put an end to the industry,” Marszalek said in a March…

US DOJ says it seized Hamas crypto meant to finance terrorism

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The US Justice Department (DOJ) seized more than $200,000 in cryptocurrency intended to benefit the militant group Hamas it said in a statement on March 27. The cryptocurrency with a total value of $201,400 was traced to fundraising addresses allegedly controlled by Hamas and used to launder more than $1.5 million in digital assets since October 2024. The laundering occurred through a series of “virtual currency exchanges and transactions by leveraging suspected financiers and over-the-counter brokers,” the DOJ said. The funds are currently held in a combination of at least…

Getting crypto out of the ‘AOL era’ — Sandeep Nailwal

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The current state of crypto is akin to the internet’s “America Online” (AOL) era during the late 1990s, when the user experience was clunky, technical, featured limited use cases, and moved at dial-up speeds, according to Polygon co-founder Sandeep Nailwal. In an interview with Cointelegraph, Nailwal identified several key areas of development to improve user experience, including seamless fiat on- and off-ramps, custody solutions that feature key recovery, and hardware wallets built into mobile devices. “We are in the dial-up era of the internet where even connecting to the Internet…

Getting crypto out of the ‘AOL era’ — Sandeep Nailwal

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The current state of crypto is akin to the internet’s “America Online” (AOL) era during the late 1990s, when the user experience was clunky, technical, featured limited use cases, and moved at dial-up speeds, according to Polygon co-founder Sandeep Nailwal. In an interview with Cointelegraph, Nailwal identified several key areas of development to improve user experience, including seamless fiat on- and off-ramps, custody solutions that feature key recovery, and hardware wallets built into mobile devices. “We are in the dial-up era of the internet where even connecting to the Internet…

Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

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The foundation behind the layer-1 blockchain, Sei, announced it was exploring the acquisition of the genetic testing company 23andMe after the firm filed for bankruptcy. In a March 27 X post, the Sei network said its foundation was considering purchasing 23andMe “to defend the genetic privacy of 15 million Americans” by putting the company’s data on the blockchain. According to the foundation, if it acquires the biotechnology company, it plans to deploy all the genetic information on the blockchain and “return data ownership to users through encrypted, confidential transfers.”  March…

Solana price struggles to flip $150 to support — Is the SOL bull market over?

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Solana’s native token, SOL (SOL), faced a sharp 8% rejection after briefly touching $147 on March 25. For the past three weeks, SOL has struggled to reclaim the $150 level, which is leading traders to question whether the bullish momentum that was originally driven by memecoin speculation and the rise of artificial intelligence sectors has come to an end. Some analysts argue that SOL price could significantly benefit from the eventual approval of a Solana spot exchange-traded fund (ETF) in the United States, as well as the expansion of tokenized…

US government relocates $8M in Bitcoin after Trump establishes strategic reserve

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Key Takeaways President Trump established a Strategic Bitcoin Reserve to maintain Bitcoin as a long-term asset for the US. US authorities relocated $8 million worth of Bitcoin seized from a fraud scheme to comply with the new executive order. Share this article A crypto wallet linked to US authorities transferred over $8 million worth of Bitcoin today, following President Donald Trump’s executive order establishing a Strategic Bitcoin Reserve, according to blockchain analytics firm Arkham Intelligence. ARKHAM ALERT: US GOVERNMENT MOVING $8M $BTC The US Government just moved $8.46M BTC from…

$16.5B in Bitcoin options expire on Friday — Will BTC price soar above $90K?

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Bitcoin (BTC) investors are preparing for the record-breaking $16.5 billion monthly options expiry on March 28. However, the actual market impact is expected to be more limited, as BTC’s drop below $90,000 caught investors off guard and invalidated many bullish positions.  This shift gives Bitcoin bears a crucial opportunity to escape a potential $3 billion loss, a factor that could significantly influence market dynamics in the coming weeks. Bitcoin options open interest for March 28, USD. Source: Laevitas.ch Currently, the total open interest for call (buy) options stands at $10.5…

GameStop wipes out $3B in market cap as stockholders question Bitcoin plan

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GameStop shed nearly $3 billion in market capitalization on March 27 as investors second-guessed the videogame retailer’s plans to stockpile Bitcoin (BTC), according to data from Google Finance.  On March 26, GameStop tipped plans to use proceeds from a $1.3 billion convertible debt offering to buy Bitcoin — an increasingly popular strategy for public companies looking to boost share performance.  GameStop’s announcement came a day after it proposed building a stockpile of cryptocurrencies, including Bitcoin and US dollar-pegged stablecoins.  Investors initially celebrated the news, sending shares up 12% on March…

French investment powerhouse unveils $27M crypto token fund to boost blockchain projects

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Key Takeaways Bpifrance launches a $27 million fund to support France’s blockchain sector. This investment marks a pioneering move among sovereign funds globally. Share this article Bpifrance, one of France’s most powerful and influential state-backed institutions, announced Thursday it will invest up to €25 million (approximately $27 million) in digital assets to support the country’s blockchain sector. The bank will not build a strategic Bitcoin reserve, but will focus on supporting crypto businesses with a strong French presence. Its target areas are DeFi, physical networks, tokenization, (re)staking, layer 1, 2,…