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Ripple CEO Brad Garlinghouse says the US Senate Banking Committee is inviting him to testify this Wednesday on the need for passing crypto market structure legislation. In a post to X (formerly Twitter), Garlinghouse thanked the committee’s chairman and South Carolina senator Tim Scott, Wyoming senator Cynthia Lummis, and Arizona senator Ruben Gallego for the invitation. I am honored to be invited to testify in front of the Senate Banking Committee this Wednesday on the need for passing crypto market structure legislation. Thank you to @BankingGOP Chairman @SenatorTimScott, @SenLummis and @SenRubenGallego (as leaders of the Subcommittee for… — Brad Garlinghouse (@bgarlinghouse) July 7, 2025 “Constructive crypto market structure legislation in the US is imperative in bringing about a new era of innovation and financial opportunity while protecting consumers,” Garlinghouse wrote on Monday. Cryptocurrency has been on the radar of several government institutions and ...

Bitcoin plunged 4% as an executive order signed by US President Donald Trump to set up a Strategic Bitcoin Reserve and a Digital Asset Stockpile underwhelmed investors ahead of the first White House crypto summit later today. The Strategic Bitcoin Reserve will consist of about 200,000 Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, said Trump ’s crypto and AI czar David Sacks in a March 7 post  on X. The Digital Asset Stockpile will consist of cryptos other than Bitcoin that were forfeited in criminal or civil proceedings, and the government will not acquire additional assets for it beyond those obtained through forfeiture proceedings, Sacks added. “This is the most underwhelming and disappointing outcome we could have expected for this week,” said Charles Edwards, founder of digital asset hedge fund Capriole Investments, in a post on X. ”No active buying means this is just a fancy titl...

Source： https://finance.sina.cn/blockchain/coin/2020-11-30/detail-iiznctke3838175.d.html Previously, Arkham claimed that in November 2020, Chinese authorities confiscated 194,775 bit coins from the operators of the Ponzi scheme PlusToken. These tokens were seized and returned to the state treasury, but it is currently unclear whether China still holds these bit coins or if they have been sold. On November 26, 2020, the final judgment document for the PlusToken pyramid scheme case, which shocked the global cryptocurrency industry, was released. A man from Changsha, Hunan, with only a middle school education, raised 310,000 bitcoins; 9.17 million ethers; more than 51 million EOS, etc. Its model was a very simple Ponzi scheme + pyramid scheme, raising funds and promising interest, with development of both upstream and downstream lines. Most of the attention has been focused on the 190,000 bitcoins, 830,000 ethers, and 27.24 million EOS seized by the police. How this money was ultimately...

Bitcoin miners have evolved from the beginning when anyone could mine with their CPU at home to a model mostly dominated by sophisticated conglomerates, many of whom employ media relations personnel and use lawsuits, lobbyists, and other corporate tactics to increase their profits. NASDAQ-listed miner Riot Blockchain recently joined a case against the US Department of Energy, in an attempt to prevent the release of survey data about Bitcoin miners’ energy usage. That data would have helped the Department of Energy to recommend better electricity usage policies, however, miners wanted to hide their energy usage from public view, so they filed a legal complaint in a Waco, Texas courthouse. Keeping Bitcoin electricity usage private The lawsuit filed by the Texas Blockchain Council (which has Bitcoin miners as members), claimed that the survey would cause irreparable harm to their business. Furthermore, Council members alleged the Department of Energy violated the Paperwork Reduction ...

The Deputy of Indonesia’s Ministry of Tourism and Creative Economy explains how NFTs and cryptocurrency can help solve social and economic challenges within Indonesia. One of the primary benefits of Blockchain Technology is the ability to record and capture information in a permanent, tamper-proof record. Once data is on a Blockchain network, it cannot be altered, making it an ideal solution for record-keeping.  Tokenized assets, such as nonfungible tokens (NFTs), can also be placed on a blockchain. This can verify ownership while demonstrating that certain events occurred at particular times. For example, the Meta History Museum tokenized data from the war in Ukraine in May 2022, placing the information on a blockchain network to preserve records of the war. Ensuring that specific events take place is also becoming more important than ever due to the rise of artificial intelligence (AI) and its ability to generate deep fakes, along with historical images that may appear realistic. N...