Mark Karpelès, the former CEO of Mt. Gox, is calling on community support for a proposal to recover more than $5.2 billion stolen from his Bitcoin exchange more than a decade ago. On Friday, Karpelès submitted a proposal on GitHub to add a consensus rule that would allow the 79,956 Bitcoin hacked from Mt. Gox (currently sitting in a single wallet) to be moved to a recovery … [Read more...] about Mt. Gox’s former CEO floats hard fork to recover 80K hacked Bitcoin
Mining
MoonPay PYUSDx Framework Is Bringing App-Specific Stablecoins to the Mainstream
MoonPay is shifting gears. Known for letting users buy crypto with a credit card, the company is now moving deeper into financial infrastructure. It has partnered with M0 to launch PYUSDx, a framework that lets developers create application-specific stablecoins backed by PayPal USD. That turns PYUSD from a simple token into a launchpad. Instead of navigating months of … [Read more...] about MoonPay PYUSDx Framework Is Bringing App-Specific Stablecoins to the Mainstream
Vaneck Director: People Tend to Underestimate Long-Term Impact of Spot Bitcoin ETFs
Vaneck’s director of digital assets strategy has explained why people tend to underestimate the long-term impact of spot bitcoin exchange-traded funds (ETFs). He believes that upon the approval of a U.S. spot bitcoin ETF by the Securities and Exchange Commission (SEC), “bitcoin’s price trajectory could follow gold’s blueprint from 2004 and the years after, just much … [Read more...] about Vaneck Director: People Tend to Underestimate Long-Term Impact of Spot Bitcoin ETFs
Crypto betting firm Stake secures naming rights to Sauber’s F1 Team
Cryptocurrency betting and casino platform Stake will feature prominently in the next two years of Formula 1 after securing naming rights to Sauber’s F1 car. The firm takes over from Alfa Romeo, which did not extend its sponsorship of Sauber’s C44 past 2023. The Sauber is set to be rebranded as Audi’s factory team in 2026 – leaving a two-year gap for other sponsors to step in … [Read more...] about Crypto betting firm Stake secures naming rights to Sauber’s F1 Team
Bitcoin price breaks above $45K, days ahead of potential ETF approval
The price of Bitcoin (BTC) has broken through $45,000 for the first time in nearly two years as the market prepares for a widely expected approval of a spot Bitcoin exchange-traded fund (ETF). Bitcoin climbed rapidly from a price of $42,000 on Jan. 1, surging more than 6% in the last 24 hours and 170% over the last year, per CoinMarketCap data. Bitcoin is up 6% in the last 24 … [Read more...] about Bitcoin price breaks above $45K, days ahead of potential ETF approval