Congress passed a reform that modifies the so-called “Bitcoin Law” in El Salvador to comply with the stipulated requirements in the deal inked with the IMF last year. These modifications prepare the country to receive $1.4 billion in a credit facility. El Salvador Passes Bitcoin Law Reform, BTC Acceptance Is Now Voluntary El Salvador, a […] Source: https://news.bitcoin.com/el-salvador-complies-with-imf-requirements-bitcoin-legal-tender-status-withdrawn/
Month: January 2025
Christine Lagarde en Garde: Bitcoin Will Not Enter Central Bank Reserves
ECB President Christine Lagarde was confident about the stance the EU central banks would take on adding bitcoin as a reserve asset. She stated that, due to several reasons, this would not happen. ECB President Christine Lagarde Confident That EU Central Banks Won’t Adopt Bitcoin The concept of a strategic bitcoin reserve, consisting of state […] Source: https://news.bitcoin.com/christine-lagarde-en-garde-bitcoin-will-not-enter-central-bank-reserves/
Pump.fun Faces Class Action Lawsuit Over Alleged Unregistered Securities Sales
A new class action lawsuit claims that Solana-based meme coin factory Pump.fun operated an illegal securities exchange by providing automated tools that helped creators launch over 50,000 unregistered tokens, potentially exposing the $50 billion meme coin market to heightened regulatory scrutiny. Filed in New York’s Southern District Court, the complaint alleges that Pump.fun’s U.K.-based parent company Baton Corporation collected nearly…
Bitcoin retail sellers send $625M to Binance before 'first cycle top'
Bitcoin whales hold off on major selling, but retail investors appear unable to wait for the real bull market gains to hit. Source: https://cointelegraph.com/news/bitcoin-retail-investors-sent-625m-to-binance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Manchester court sentences 7 for kidnapping, $124K crypto extortion
A UK gang that kidnapped, tortured and extorted a man for his cryptocurrency has been sentenced at Manchester Crown Court. Source: https://cointelegraph.com/news/gang-members-sentenced-kidnapping-cryptocurrency-investor?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nearly 3 Million Have Enrolled in the Russian Unified Biometric System
About 3 million citizens have registered their personal data on the Russian Unified Biometric System. Authorities state that the population is warming to the use of these technologies, as 80% of registrations occurred last year. Russian Unified Biometric System Gets Closer to 3 Million Users Registered The Russian state biometric data cache is getting larger. […] Source: https://news.bitcoin.com/nearly-3-million-have-enrolled-in-the-russian-unified-biometric-system/
Google exposes government-backed misuse of Gemini AI
Google’s report reveals attempts by government-backed hackers to misuse Gemini AI for cyber threats, but jailbreak efforts were unsuccessful. Source: https://cointelegraph.com/news/google-hackers-failed-jailbreak-gemini-ai?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto on-ramps and off-ramps, explained
On-ramps typically involve payment methods like bank transfers, or credit cards, whereas off-ramps often require identity verification when converting crypto to fiat. Source: https://cointelegraph.com/explained/cryptocurrency-on-ramps-and-off-ramps-explained?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
South African Court Sets Bail for Man Accused of Sending Bitcoin to Terrorists
A South African man accused of sending bitcoin to an Islamic State affiliate in Syria, is set to be released on bail after a court ruled he is not a flight risk. Accused Person Not a Flight Risk A South African man accused of sending bitcoin (BTC) worth just over $600 to an Islamic State […] Source: https://news.bitcoin.com/south-african-court-sets-bail-for-man-accused-of-sending-bitcoin-to-terrorists/
Elon Musk’s dad plans $200M raise with ‘Musk It’ memecoin
The Musk It token was already launched in December 2024 by a Middle Eastern crypto firm, but has shed over 50% of its value. Source: https://cointelegraph.com/news/errol-musk-memecoin-musk-it-200m-raise?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound