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April 30, 2025

FTX sues NFT Stars and Kurosemi in push to recover tokens

April 30, 20250
Bankrupt crypto exchange FTX has filed lawsuits against the non-fungible token marketplace NFT Stars and the blockchain gaming firm Kurosemi, which operates as Delysium, accusing them of withholding tokens they owed.The lawsuits, both filed in the Delaware bankruptcy court, alleged that NFT Stars and Delysium failed to deliver all the tokens paid for by FTX...

Strategy’s Bitcoin buys should be ‘super careless’ to pump price — Exec

April 30, 20250
Key takeaways:Richard Byworth says Michael Saylor’s Strategy could ramp up its Bitcoin buys by acquiring cash-rich companies and converting their cash into Bitcoin.He says that Strategy should consider accelerating purchases as the Bitcoin supply on exchanges continues to decline.Byworth argues that aggressively increasing Bitcoin holdings would boost Strategy’s mNAV, benefiting shareholders.Michael Saylor’s Strategy should take...

US Treasury’s OFAC can’t restore Tornado Cash sanctions, judge rules

April 30, 20250
The US Treasury Department’s Office of Foreign Assets Control can’t restore or reimpose sanctions against the crypto mixing service Tornado Cash, a US federal court has ruled.Austin federal court judge Robert Pitman said in an April 28 judgment that OFAC’s sanctions on Tornado Cash were unlawful and that the agency was “permanently enjoined from enforcing”...

Ledger scammers are sending letters to steal seed phrases

April 30, 20250
Scammers are mailing physical letters to the owners of Ledger crypto hardware wallets asking them to validate their private seed phrases in a bid to access the wallets to clean them out.In an April 29 X post, tech commentator Jacob Canfield shared a scam letter sent to his home via post that appeared to be...

Australia’s finance watchdog to crack down on dormant crypto exchanges

April 30, 20250
Australia’s financial intelligence agency has told inactive registered crypto exchanges to withdraw their registrations or risk having them canceled over fears that the dormant firms could be used for scams.There are currently 427 crypto exchanges registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), but the agency said on April 29 that it suspects...

Trump Media considers crypto token and wallet for streaming arm

April 30, 20250
Trump Media and Technology Group, the social media conglomerate backed by US President Donald Trump, is considering integrating a crypto token and wallet into its video streaming site, Truth+.”We’re exploring the introduction of a utility token within a Truth digital wallet that can initially be used to pay for Truth+ subscription costs, and later be...
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