Key Takeaways A Trezor-impersonation scam drained $282 million after a victim shared their seed phrase earlier this year. A full 12-word BIP39 phrase carries about 128 bits of entropy, effectively impossible to brute force. Chainalysis estimates up to 23% of all mined bitcoin, several million BTC, is permanently lost via lost keys. The Words Aren’t…
Key Takeaways Russia banned crypto mining in Moscow and the Moscow region from August 15, 2026, to December 31, 2032. The ban addresses severe local power grid strain, targeting 65 data centers running on a 734 MW capacity. This follows similar restrictions in regions like Siberia, where previous bans successfully eased grid load. Russia Expands…
Key Takeaways New York AG warns the CLARITY Act could limit state fraud enforcement. FBI reports $11 billion in crypto losses as Letitia James calls for tougher rules. Proposal calls for stronger AML, KYC, and platform accountability. James Warns Federal Bill Could Weaken State Enforcement New York Attorney General Letitia James called on Congress to…
Key Takeaways Fake IRS letters direct crypto holders toward a fraudulent portal. QR codes lead victims to websites built to resemble IRS.gov. Criminals seek wallet details, exchange logins, and personal data. Counterfeit Letters Exploit Growing Crypto Tax Anxiety The Internal Revenue Service (IRS) issued a fraud alert about fake letters targeting cryptocurrency holders on July…
Key Takeaways Grayscale pressed Senate leaders for a vote before the August recess. The CLARITY Act would create nationwide rules for digital asset markets. Supporters face a narrowing calendar and uncertain Senate vote count. Grayscale Presses Senate Leaders as Legislative Window Closes Digital asset manager Grayscale called on Senate leaders to bring the CLARITY Act…
Key Takeaways Saylor identified the reported $5 billion authorization as old news. The June framework permits bitcoin sales but requires none. Earlier sales funded preferred dividends and rebuilt cash reserves. Saylor Pushes Back on Viral Bitcoin Sale Claim Strategy Executive Chairman Michael Saylor pushed back Aug. 1 on reports that Strategy Inc. (Nasdaq: MSTR) had…
Key Takeaways Strategy held STRC’s dividend rate at 12% for August 2026, its highest rate since the July 2025 launch. STRC closed at $89.46 on July 31, about 10-11% below its $100 par value. Experts have warned the ratchet mechanism creates “a structure with a finite number of cycles.” A Rate That Keeps Climbing but…
Key Takeaways Japan and the U.S. may unveil a joint yen policy next week, Kyodo News and CNBC reports. Japan sold up to $58.97 billion on July 30 in its largest one day yen move since 2022. Bessent’s notepad showed plans to buy $5-10 billion in yen, Reuters photographed. Japan Strikes First, Buying Nearly $59…
Key Takeaways U.S. spot bitcoin exchange-traded funds (ETFs) saw $265.4 million in net outflows on July 31, led by Blackrock’s IBIT. Spot ether ETFs bucked the trend with about $9 million in inflows on the same day. The reversal came a day after bitcoin ETFs pulled in $233.1 million on July 30. A Sharp One-Day…
Key Takeaways Bitcoin traded near $63,000 after a Coldcard hardware wallet hack drained 1,082 BTC on July 30. Blackrock’s IBIT led $265 million in Bitcoin ETF outflows on July 31. Miners will decide on BIP-110 near block 961,632 as an eCash fork looms on August 21. The world’s largest cryptocurrency traded between roughly $62,300 and…
