Cryptocurrency News

A Virginia man convicted of stealing more than $2.5 million from investors concealed millions in cryptocurrency before declaring just 34 cents in financial assets. Federal prosecutors said he also denied owning any crypto during bankruptcy. Crypto Fortune Disappears From Bankruptcy Filings A federal jury in Alexandria convicted Jihoon Park, 52, on Sept. 8 of defrauding…Read More

The artificial intelligence (AI) giant Anthropic is still private, but crypto traders are assigning the Claude maker an implied valuation of about $2.12 trillion through synthetic perpetual contracts that do not represent company shares. The juggernaut OpenAI has witnessed its synthetic perp contracts push the firm’s inferred worth to $1.58 trillion. On Sept. 9, Defillama’s…Read More

Illinois’ 0.2% digital asset tax could cost crypto firms millions and expose them to felony charges for compliance errors, two trade groups warn. They want enforcement blocked before the Jan. 1, 2027 launch produces irreversible costs and customer losses. Crypto Groups Race to Stop Tax Before Illinois Users Pay Illinois crypto users could soon owe…Read More

Visa’s stablecoin settlement volume has climbed above a $20 billion annualized run rate, up more than 15-fold from a year ago. The growth is forcing card issuers, lenders and banks to rethink how they finance settlement in an always-on crypto market. Visa Stablecoin Cards Expand to 160+ Programs Worldwide Visa’s stablecoin business is starting to…Read More

According to reports, cryptocurrency use in Iran is not fringe but a working trade-settlement rail. Tehran is quietly moving funds across these digital rails using bitcoin (BTC) and tether (USDT) to undermine financial sanctions. Digital Assets Take on a Bigger Role in Iran’s Trade On Wednesday, the Financial Times (FT) reported that Iran’s central bank…Read More

Bitcoin Magazine US Treasury Secretary Scott Bessent ‘Strongly Urges’ Senate To Pass Clarity Act Senators will vote on the long-awaited crypto Clarity Act next week. This post US Treasury Secretary Scott Bessent ‘Strongly Urges’ Senate To Pass Clarity Act first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.Read More

Bitcoin Magazine Jack Dorsey’s Block Becomes Latest Bitcoin-Focused Company To Apply for Banking Charter Block wants the banking license so it can open Builders Bank, which would provide custody and related fiduciary services for bitcoin. This post Jack Dorsey’s Block Becomes Latest Bitcoin-Focused Company To Apply for Banking Charter first appeared on Bitcoin Magazine and…Read More

Bitcoin Magazine Steak ‘n Shake Says Sales Grew Double Digits Since Bitcoin Adoption The burger franchise started accepting bitcoin over Lightning last year and claims business is booming. This post Steak ‘n Shake Says Sales Grew Double Digits Since Bitcoin Adoption first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.Read More

Bitcoin Magazine Iran Continues Using Bitcoin To Keep Economy Stable: Report Rumors of Iran using bitcoin to skirt transactions have been abound for some time now. Business and regime insiders have reportedly said it’s a tried and tested method. This post Iran Continues Using Bitcoin To Keep Economy Stable: Report first appeared on Bitcoin Magazine…Read More

Bitcoin Magazine VerifiedX Launches $15 Million Financing Round to Deploy Institutional Bitcoin Infrastructure Cantor Fitzgerald is the investment banker on the round. The funding facilitates custody at BitGo, listings on tier-one exchanges and Bitcoin lending programs. This post VerifiedX Launches $15 Million Financing Round to Deploy Institutional Bitcoin Infrastructure first appeared on Bitcoin Magazine and…Read More