Author: Crypto Team

The UK’s High Court declared Australian computer scientist Craig Wright, who has long claimed to be Satoshi Nakamoto, the inventor of Bitcoin, contempt of court. Justice James Mellor decided Wright broke a March court ruling prohibiting him from starting or threatening legal actions connected to Bitcoin. Wright was so sentenced twelve months in prison, suspended for two years, and instructed to pay £145,000 in legal fees. Wright’s October complaint claiming $1.15 trillion in damages from Bitcoin developers and the payments company Square, citing illegal alterations to the Bitcoin system, generated the contempt allegation. This case broke the earlier injunction forbidding…

Build on Bitcoin (BOB), a hybrid Layer 2 (L2) blockchain combining the strengths of Bitcoin and Ethereum, has partnered with Babylon, a Bitcoin (BTC) staking protocol, to achieve Bitcoin-Secured Network (BSN) status. Strengthening BOB’s Bitcoin DeFi Ecosystem Through Babylon According to an announcement from BOB shared with Bitcoin.com News, this collaboration marks a major milestone in BOB’s journey, significantly enhancing its decentralized finance (DeFi) offerings. The integration enables BOB to adopt Bitcoin finality, a critical feature that boosts transaction security and reliability. Babylon’s innovative technology allows users to stake Bitcoin directly on the Bitcoin blockchain without relying on bridging or…

One of South Korea’s leading cryptocurrency exchanges, Bithumb, has reported temporary delays in processing XRP withdrawals due to a sudden surge in transaction volume. In an official statement, Bithumb explained: “Due to the increase in Ripple (XRP) withdrawal volume, it is temporarily taking time for the withdrawal to complete.” The exchange assured users that withdrawals are being processed on a first-come, first-served basis while it works to resolve the issue. Bithumb also pledged to restore normal operations soon and keep users updated as the situation develops. This delay coincides with a period of intense volatility in the cryptocurrency market. Bitcoin,…

El Salvador has significantly increased its Bitcoin acquisitions just a day after finalizing an agreement with the International Monetary Fund (IMF), which requires scaling back certain government-led crypto initiatives. On Dec. 19, the country, renowned as the first to adopt Bitcoin as legal tender and establish a Bitcoin strategic reserve, purchased 11 BTC worth over $1 million. This acquisition raises El Salvador’s total Bitcoin holdings to over 5,980 BTC, currently valued at over $577 million, according to the National Bitcoin Office’s tracker. Previously, the country adhered to its “1 Bitcoin a day” program initiated by President Nayib Bukele following Bitcoin’s…

Through a private placement with EVO FUND, Metaplanet Inc. has announced the successful issuing of its 5th Series of Ordinary Bonds, raising ¥5 billion (about $31.91 million.). The money will be used to raise the Bitcoin inventory of the business. Metaplanet acknowledged the issuing in a statement issued on December 20, in line with its stated intentions to sell bonds valued up to ¥5 billion. Originally described in the company’s November 28, 2024, announcement on its 12th Series Stock Acquisition Rights with an Exercise Price Adjustment Provision and matching Stock Acquisition Rights Purchase Agreement, the project was first covered here.…

Beginning the first part of its liquidation, Bankrupt New Zealand-based crypto exchange Cryptopia has returned around $225 million worth of cryptocurrencies to their account holders. Over the past 48 hours, the distribution—through liquidators—cover more than 10,000 Bitcoin and Dogechain users. The NZ Herald states that since the establishment of Cryptopia’s claims system four years ago, Grant Thornton, the public accountancy company handling the bankruptcy case, liquidators have been working tirelessly. This corresponds with the 2020 Justice David Gendall decision, which laid the foundation for the attempts at payback. So far, the total sum dispersed included crypto money worth more than…

DuckChain, a layer-2 solution built for the TON blockchain, has successfully raised $5 million in funding and formed strategic partnerships with key players in the crypto space. This funding round saw participation from top investors, including dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate.io, and Presto, all of whom have backed the TON ecosystem layer-2 project. As DuckChain seeks to improve the scalability and usefulness of the TONNE blockchain, this investment signals a turning point in its expansion. The money will mostly be utilised to increase DuckChain’s EVM interoperability, therefore allowing it to draw…

Robinhood, a leading cryptocurrency and stock trading platform, has expanded its meme coin offerings by listing Bonk (BONK), a Solana-based meme token. According to a Dec. 20 announcement, BONK is now available to over 24 million Robinhood users. This marks the fifth meme coin added to the platform, which began offering cryptocurrency trading in February 2018. Historically, Robinhood listings often spark short-term price surges for newly added tokens. For example, Dogwifhat and Peep WIF saw significant price jumps upon their respective listings, with Pepe WIF spiking 8.2% within an hour. However, BONK struggled to capitalize on its listing, though it…

Concurrent with Bitcoin’s fall below the $96,000 level, U.S. spot Bitcoin exchange-traded funds (ETFs) had notable outflows of $680 million on December 19. The Federal Reserve’s cautious attitude on future interest rate decreases, which significantly affected market mood, coincided with this sell-off. Outflows Streak 15-Day Inflow Data from So Value showed that 12 spot Bitcoin ETFs together saw $680 million in outflows, therefore ending a 15-day inflow trend that had before brought in almost $6.7 billion. With $208.55 million taken out, Fidelity’s FBTC led the withdrawals. Other prominent money impacted included: Bitcoin Mini Trust (GBTC) Grayscale: $188.6 million ARK 21Share…

Matai Tagoa’i, one of the nation’s most promising college football players and a 2025 Polynesian Bowl All-Star, has signed a groundbreaking NIL (Name, Image, and Likeness) deal with the University of Southern California (USC). What sets this deal apart is Tagoa’i’s decision to receive a portion of his earnings in Bitcoin through the payments app Strike, as announced in a statement shared with Bitcoin.com. Advancing the NIL Era with Bitcoin NCAA rules have forbade collegiate players from profite off their image, but the 2021 policy change opened rich prospects through NIL agreements. Although Tagoa’s i’s contract’s precise terms are yet…