Rowland Marcus Andrade, founder of AML Bitcoin, was sentenced to seven years in prison for wire fraud and money laundering, after defrauding investors of roughly $10 million. Andrade made false claims, like AML Bitcoin being accepted by the Panama Canal Authority, and used over $2 million of investor funds forContinue Reading
Strategy completed the largest US IPO of 2025, raising US$2.47 billion through perpetual preferred stock to purchase 21,021 Bitcoin at an average price of US$117,256 each. The company now holds 628,791 Bitcoin worth US$46.8 billion total, making it the largest corporate Bitcoin holder with an average cost basis of US$73,227Continue Reading
Ray Dalio, founder of Bridgewater Associates, now advises investors to allocate about 15% of their portfolio to either Bitcoin or gold for optimal risk-adjusted returns, though he personally favours gold. Dalio’s recommendation comes as a hedge against the growing US national debt (now US$36.7T) and the potential devaluation of fiatContinue Reading
The US government has filed a civil complaint to seize 20.2 BTC (worth US$2.4M) from the ransomware group Chaos. If approved, these funds could be added to the proposed US Strategic Bitcoin Reserve. Estimates of the US government’s total Bitcoin holdings vary wildly. While some trackers show around 198,000 BTC,Continue Reading
Adam Back argues that altcoins lack long-term value, likening them to prepaid credits rather than investments. Bitcoin’s digital scarcity and robustness make it uniquely viable among cryptocurrencies, according to Back. Historical failures of altcoins reinforce Back’s belief in Bitcoin’s sole relevance over the long run. Adam Back, CEO of BlockstreamContinue Reading
Trump and European Commission President Ursula von der Leyen announced a major trade deal breakthrough, which Trump called the “biggest deal ever reached”. The agreement imposes 15% tariffs on most EU goods like cars and pharmaceuticals, but exempts strategic sectors such as aircraft and semiconductors from tariffs entirely. In exchange,Continue Reading
A long-inactive Bitcoin address sold over 80,000 BTC, worth over $9 billion, via Galaxy Digital, marking one of the largest crypto trades on record. Galaxy confirmed the sale was for a client’s “estate planning” and, despite the massive volume, Bitcoin’s price largely stabilised around US$117K, indicating the sale avoided significantContinue Reading
