Day: April 10, 2025

Jack Dorsey’s Block fined $40M for alleged crypto compliance, AML failures

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Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash App platform, Bloomberg reported on April 10. Block was fined by the New York Department of Financial Services (NYDFS) following an investigation into Cash App’s Anti-Money Laundering (AML) and cryptocurrency compliance operations, Bloomberg said after reviewing the government agency’s consent order.  NYDFS determined that Block allegedly violated consumer protection laws and didn’t conduct proper due diligence on its customers. The company was allegedly too slow in reporting…

Former CFTC Chairman Timothy Massad On Bitcoin And Digital Asset Privacy

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While attending the MIT Bitcoin Expo this past weekend, I was afforded the opportunity to sit down with Timothy Massad, Research Fellow at the Kennedy School of Government at Harvard University and former Chairman of the U.S. Commodities and Futures Trading Commission (CFTC).  Massad served as the head of the CFTC from 2014 to 2017, and it was under his leadership that bitcoin was classified as a commodity. In recent years, Massad has shared his thoughts on what regulation around bitcoin and digital assets should look like. He’s appeared on…

Atomic, Exodus wallets targeted in new cybersecurity exploit

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Users of the Atomic and Exodus wallets are being targeted by threat actors uploading malicious software packages to online coding repositories to steal crypto private keys in the latest cybersecurity threat identified by security professionals.  According to cybersecurity researchers at ReversingLabs, the exploit works by hiding malicious code in seemingly legitimate npm software packages, which are pre-built bundles of code widely used by software developers. These malicious software packages target locally installed Atomic Wallet and Exodus Wallet files by installing a patch that overwrites the files to compromise the user…

Ether ETF staking could come as soon as May — Bloomberg analyst

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Ether exchange-traded funds (ETFs) in the United States may be able to start staking a portion of their tokens as soon as May, according to Bloomberg Intelligence analyst James Seyffart.  On April 9, the US Securities and Exchange Commission (SEC) authorized exchanges to begin listing options contracts tied to spot Ether (ETH) ETFs after greenlighting Bitcoin (BTC) ETF options in September. However, issuers are still waiting for the regulator to allow Ether ETFs to offer staking after filing numerous requests for permission earlier this year. Source: James Seyffart The approval of…

How Semler Scientific (SMLR) Escaped The Zombie Zone With A Bitcoin Treasury Strategy

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In a recent interview with Bitcoin Magazine, Eric Semler, Chairman of Semler Scientific, shared how the company transformed its trajectory through a Bitcoin treasury strategy. Semler Scientific (SMLR) is not your typical Bitcoin treasury company. With a strong cash position but years of underwhelming stock performance, the company turned to Bitcoin—not as a gamble, but as a strategic catalyst. What followed was a radical shift in valuation, shareholder engagement, and long-term positioning. “We were the second U.S. public company to adopt Bitcoin as a primary treasury reserve strategy. Michael Saylor…

World Liberty Financial moves $775K to wallet used for altcoin purchases

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Key Takeaways World Liberty Financial transferred $775,000 in USDC for altcoin investment on Thursday. The project holds a diverse portfolio and is expanding its blockchain collaborations. Share this article World Liberty Financial (WLFI) on Thursday transferred $775,000 in USDC from its main wallet to a secondary wallet primarily used for purchasing altcoins, according to data tracked by Arkham Intelligence. ARKHAM ALERT: WORLD LIBERTY FI MOVING FUNDS World Liberty Fi just moved $775K from their main wallet, to the wallet that they typically use for buying altcoins. pic.twitter.com/f52z5HfXzx — Arkham (@arkham)…

Global Nonprofits Form Bitcoin Humanitarian Alliance To Advance Civil Liberties And Aid

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Today, twelve of the world’s leading human rights and humanitarian organizations gathered today at London’s Frontline Club to announce the formation of the Bitcoin Humanitarian Alliance. The coalition seeks to harness the power of Bitcoin to deliver civil liberties, support dissidents, and provide aid where traditional financial systems fall short, according to a press release sent to Bitcoin Magazine. The Bitcoin Humanitarian Alliance website states that it “is a coalition of human rights defenders, pro-democracy movements, and humanitarian organizations using Bitcoin to advance civil liberties and humanitarian aid worldwide.” “As…

Meanwhile raises $40M to bring BTC life insurance to inflation-prone economies

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Crypto startup Meanwhile has raised $40 million to scale its Bitcoin-denominated life insurance business, targeting so-called “inflation-prone economies” where policyholders may seek alternatives to traditional fiat-based payouts. The Series A investment round was led by Framework Ventures and Fulgur Ventures, with additional participation from Xapo founder Wences Casares, the company disclosed on April 10.  Meanwhile previously secured $20.5 million in seed funding backed by OpenAI CEO Sam Altman and others. Source: Meanwhilelife Regulated by the Bermuda Monetary Authority, Meanwhile offers a whole life insurance policy denominated in Bitcoin (BTC), giving…

OpenAI set to launch GPT-4.1 and other models as early as next week

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Key Takeaways OpenAI is preparing to release several new AI models, potentially as early as next week. The flagship release will likely be GPT-4.1 — an enhanced version of the GPT-4o multimodal model. Share this article OpenAI plans to launch several new AI models, including GPT-4.1, a revamped version of its GPT-4o multimodal model, The Verge reported today, citing sources familiar with the company’s plans. The company is expected to release GPT-4.1 alongside smaller GPT-4.1 mini and nano versions as early as next week. OpenAI is also preparing to launch…

Bitcoin, stocks shun CPI print win and give up tariff relief gains — Will BTC whales save the day?

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Bitcoin (BTC) price failed to hold its weekly open gains on April 10 as US stocks ignored positive inflation data. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC price volatility ticking higher around the release of the March Consumer Price Index (CPI) numbers. These numbers came in broadly below expectations, revealing slowing inflationary forces despite mass-market disruption due to US trade tariffs. An official press release from the US Bureau of Labor Statistics (BLS) stated: “The all items index rose 2.4 percent for the…