Category: Reviews

US Homeland Security investigates crypto bank Anchorage

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Key Takeaways The US Department of Homeland Security is investigating Anchorage Digital Bank for financial practices. Anchorage has expanded its partnership with BlackRock for custodian services in crypto assets. Share this article The US Department of Homeland Security’s El Dorado Task Force has launched an investigation into Anchorage Digital Bank, the first and only chartered digital asset bank in the US, Barron’s reported Monday, citing sources with knowledge of the matter. The task force, which focuses on combating money laundering and other financial crimes, has contacted former Anchorage employees as…

Visa joins Robinhood, Kraken, and Galaxy Digital as member of Global Dollar Network

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Key Takeaways Visa is set to join the USDG stablecoin consortium as the first traditional finance company. USDG aims to offer shared yield and differentiate from competitors like USDT and USDC. Share this article Visa will be part of the Global Dollar Network (USDG), a stablecoin consortium established by Paxos, with participation from crypto and fintech giants such as Robinhood, Kraken, and Galaxy Digital, CoinDesk reported Monday, citing two people with knowledge of the plans. If confirmed, the payments giant will become the first TradFi player to back the initiative.…

Saylor’s Strategy adds 3,459 Bitcoin, now holds 531,644 BTC

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Key Takeaways Bitcoin proxy Strategy resumes Bitcoin buying spree after a brief pause. The firm has increased its Bitcoin holdings to 531,644 BTC after purchasing 3,459 more BTC. Share this article Michael Saylor’s Strategy announced today that the company purchased 3,459 Bitcoin between April 7 and 13 at an average price of $82,618 million. The acquisition brings the firm’s total holdings to 531,644 BTC, valued at nearly $45 billion at current prices. Strategy has acquired 3,459 BTC for ~$285.8 million at ~$82,618 per bitcoin and has achieved BTC Yield of…

MANTRA co-founder says forced liquidations triggered OM token’s 90% crash

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Key Takeaways OM token crashed 90% due to forced liquidations by centralized exchanges, said MANTRA’s co-founder. MANTRA denies involvement from MANTRA team or investors in the price drop. Share this article John Patrick Mullin, the co-founder and CEO of MANTRA, addressed the OM token’s abrupt 90% price decline on Sunday, stating that “reckless forced closures” on CEXs caused the drop, rather than alleged internal activity by the project team. “The timing and depth of the crash suggest that a very sudden closure of account positions was initiated without sufficient warning…

MANTRA’s OM token crashes over 90% as speculation grows over insider selloff

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Key Takeaways The OM token from MANTRA crashed by 90% on Sunday. The crash allegedly wiped out over $10 billion in market capitalization, with claims that the team held 90% of supply. Share this article OM, the native token of the MANTRA ecosystem, nosedived as much as 90% in just four hours, erasing billions in market value, according to data tracked on Binance. OM’s price crashed from above $6 to $0.37 on April 13, wiping out nearly all of its gains since its meteoric rise from $0.0158 in January 2024.…

Saylor signals new Bitcoin buy after Strategy reports nearly $6 billion Q1 unrealized loss

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Key Takeaways Bitcoin bull Michael Saylor hinted at Strategy’s Bitcoin purchase after a brief pause. Strategy’s total Bitcoin holdings amount to 528,185 BTC, representing nearly 3% of Bitcoin’s supply. Share this article Strategy may have resumed its Bitcoin purchases after a one-week break. Michael Saylor, the company’s executive chairman, posted the Bitcoin tracker on X on Sunday, a move that typically hints at an upcoming purchase announcement. No Tariffs on Orange Dots pic.twitter.com/Cg3bCVPMcM — Michael Saylor (@saylor) April 13, 2025 Saylor’s tweet comes after Strategy reported approximately $6 billion in…

Jack Dorsey, Elon Musk spark debate over IP law

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Key Takeaways Jack Dorsey initiated a controversy by suggesting the removal of IP law. The debate highlights the growing tension between decentralization advocates and traditional legal frameworks. Share this article Jack Dorsey wants to scrap IP laws entirely. Elon Musk backs the idea, but not everyone vibes with it. The co-founder of Block and Twitter, now rebranded as X, said in a Friday statement that all forms of intellectual property law, such as copyright or patents, should be abolished. delete all IP law — jack (@jack) April 11, 2025 The…

Brad Garlinghouse says Bitcoin at $200,000 ‘is not unreasonable’

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Key Takeaways Ripple CEO Brad Garlinghouse suggests Bitcoin could reach $200,000 due to US crypto-friendly policies. Ripple is settling its SEC litigation for $50 million, facilitating their growth and acquisitions. Share this article Ripple CEO Brad Garlinghouse said Bitcoin’s $200,000 price target is achievable as institutional interest rises and US regulators shift toward a more crypto-friendly approach. “I think $200,00 is not unreasonable,” said Garlinghouse when asked about his Bitcoin price target during an interview with Fox Business Network’s The Claman Countdown on Friday. “I wouldn’t predict XRP. It’s too…

Justin Sun downplays WSJ report of CZ cooperating with DOJ against him

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Key Takeaways Justin Sun said he trusts CZ after a report of DOJ cooperation against him. Binance is negotiating with US Treasury to overcome federal monitoring after a 2023 guilty plea. Share this article Justin Sun, the founder of TRON, has downplayed reports from The Wall Street Journal that Binance co-founder Changpeng “CZ” Zhao cooperated with the US Department of Justice (DOJ) against him. The report, which surfaced on April 11, alleged that CZ agreed to provide evidence on Sun to prosecutors as part of his plea deal for violating…

Bitcoin isn’t gold’s twin — Franklin Templeton data shows

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Key Takeaways Bitcoin shows stronger correlation with tech stocks rather than gold. Bitcoin’s correlation with the Nasdaq has reached as high as 0.7 in the past three years. Share this article Bitcoin shows a stronger correlation with tech stocks than gold, according to Franklin Templeton Digital Assets’ new report, “When Gold Zigged, Bitcoin Moonwalked,” which discusses the common narrative that Bitcoin is “digital gold.” Franklin’s digital asset team analyzed three years of data and found that the price correlation between Bitcoin and gold is weak. Research shows that Bitcoin’s correlation…