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Charles O. Parks III, also known as “CP3O,” was sentenced today in federal court in Brooklyn by U.S. District Judge Eric Komitee to one year and one day in prison for operating a large-scale illegal cryptojacking scheme in which he defrauded two cloud computing providers of over $3.5 million in computing resources to mine ...

Bitcoin experienced a significant drop in the early hours of August 18, briefly falling to $114,955 before stabilizing above $115,200. Market-Wide Plunge and Bitcoin’s Retreat On Monday, Aug. 18, bitcoin ( BTC) tumbled, briefly dropping to $114,955 before recovering and consolidating above $115,200. The top cryptocurrency’s 2.3% decline in 24 hours came just days ...

Japan’s Financial Services Agency (FSA) is set to approve the issuance of the country’s first yen-denominated stablecoin, JPYC, this autumn, with the fintech firm JPYC based in Chiyoda, Tokyo, expected to be registered as a funds transfer service by the end of August. The stablecoin will be pegged at 1 JPYC = 1 JPY ...

Metaplanet Inc. (Tokyo Stock Exchange: 3350) announced the purchase of an additional 775 bitcoin at an average price of ¥17,720,023 per coin (totaling ¥13.733 billion), bringing its cumulative holdings to 18,888 bitcoin at an overall average cost of ¥15,041,118 (aggregate ¥284.097 billion). The company also reported its key performance indicators for its Bitcoin Treasury ...

Last week, Donald Trump reminded traders that he can still move markets with a tweet, a tariff, or a firing. Crypto whipsawed on his words and actions. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Trump ...

The Thai government is launching a new initiative called “Touristdigipay” on Aug.18, to boost its tourism sector. The scheme allows foreign tourists to convert their cryptocurrencies into Thai Baht to use for payments. The program is a direct response to a decline in tourism, particularly from China. To participate, visitors must open an account ...

A former Monero lead developer sparked controversy after revealing that a close friend—previously skeptical of crypto—wanted to buy XRP, believing banks would be obsolete within two years. Igniting the XRP Debate: A Skeptic’s Inquiry The claim by Riccardo Spagni, former lead developer for Monero, that a close friend and longtime crypto skeptic had expressed ...

Faraday Future Intelligent Electric Inc. announced on August 17, 2025, the launch of its “EAI + Crypto” Dual-Flywheel & Dual-Bridge Ecosystem Strategy, aiming to integrate artificial intelligence (AI)-driven electric vehicles (EVs) with Web3 technologies and cryptocurrency investments. The initiative includes the introduction of the C10 Index, a diversified crypto asset basket, and the C10 ...

Stablecoins are poised to move $1 trillion a year by 2030, disrupting global payments and unlocking trillions in capital, according to a newly released industry report. Stablecoins Set to Move $1 Trillion Annually by 2030—Legacy Rails Can’t Compete Crypto liquidity provider Keyrock released a detailed report this week in collaboration with Latin American crypto ...

Gemini’s Nasdaq IPO filing unveils bold access to Ripple Credit and RLUSD-based liquidity, signaling a powerful fusion of stablecoin finance and institutional crypto dominance. Gemini Nasdaq IPO Filing Unlocks Ripple Credit Access and RLUSD-Based Liquidity Gemini Space Station Inc., the holding company for Gemini Trust Company LLC, filed a registration statement with the U.S. ...