Bitcoin Bancorp Acquires Thousands of Bitcoin Depot ATMs for Just $620,000

Chinese Creditor Fights FTX’s Plan to Block Payouts in Restricted Nations A Chinese creditor has thrown a wrench into FTX’s bankruptcy plan by challenging its motion to halt repayments to users in countries like China, where crypto transactions face bans. This clash highlights the global tensions in recovering billions from the collapsed exchange. Investors watching…

CFTC WINS: COURT UPHOLDS POWER OVER CRYPTO FRAUD The Ninth Circuit just handed the CFTC a decisive win in its decade-long battle against James Devlin Crombie, affirming that the agency can pursue fraud claims against crypto operators even when no futures contracts are involved. The ruling, issued in a case that began in 2011, confirms…

SEC Slaps Down in Coinbase Ruling: No Injunction on User Data Grab The Fifth Circuit just gutted the SEC’s emergency bid to force Coinbase to cough up massive user data in its ongoing crypto enforcement war, filed November 26, 2024. This sharp rebuke signals judges are tiring of the SEC’s aggressive tactics against exchanges, potentially…

SEC Crushes Binance’s Bid to Toss Core Fraud Charges In a stinging rebuke to the world’s largest crypto exchange, a D.C. federal judge denied Binance’s motion to dismiss key SEC fraud claims, letting allegations of massive securities violations proceed to trial. This ruling keeps the heat on Binance CEO Changpeng Zhao and the platform for…

Stablecoins could save South Korean merchants up to $3.8 billion a year, budget office says Stablecoins could help South Korean merchants reduce their payment costs by as much as $3.8 billion a year, according to the country’s budget office. The estimate highlights the potential impact of using digital tokens designed to maintain a stable value…

OpenAI Plans Advanced Cybersecurity Product—With “Trusted Access” Only OpenAI is planning an advanced cybersecurity product that would be available only through “trusted access,” according to the information provided. The concept suggests a restricted distribution model rather than an openly available tool. Why it matters: Access controls are a central issue in cybersecurity, especially for powerful…