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Strategy, formerly known as MicroStrategy, is unlikely to adopt on-chain proof-of-reserves (PoR) disclosure for its substantial Bitcoin holdings.
At the Bitcoin 2025 conference in Las Vegas, the company chairman, Michael Saylor, dismissed the practice as a potential security threat, saying it exposes firms and users to unnecessary risks.
Saylor made the comments while responding to Blockware...
BitGo has reportedly initiated the second phase of FTX’s repayment process, marking another milestone in the exchange’s long-awaited recovery effort.
On May 27, FTX creditor Sunil Kavuri reported that user accounts had been credited through BitGo as part of the repayment rollout. However, these funds will remain locked from trading until May 30.
He said:
“FTX Distribution to Bitgo has been...
Succinct has demonstrated real-time zero-knowledge proving for Ethereum blocks, generating cryptographic proofs in under 12 seconds.
Succinct’s SP1 “Hypercube” zkVM produced a proof for Ethereum block 22309250 (143 transactions, 32 million gas) in 10.8 seconds, and internal benchmarks showed it could prove 93 % of 10,000 recent main-net blocks in under 12 seconds, with an average latency of 10.3...
Tether, the issuer of the world’s largest stablecoin USDT, has disclosed that it has reinvested around $5 billion of its profits into US-based companies and infrastructure over the past two years.
In a May 26 post on X, Tether CEO Paolo Ardoino disclosed that the company has made significant investments across American businesses and emerging technologies, reflecting what many described as a “pro...
Solana Foundation introduced the Solana Attestation Service on May 23, positioning the protocol as a trust layer for what the network’s backers call “internet capital markets.”
The open-source service lets approved issuers bind off-chain credentials, such as know-your-customer results, geographic eligibility, or accreditation status, to a user’s wallet address without exposing personal data on-...
Last week, the US Securities and Exchange Commission’s (SEC) Crypto Task Force intensified studies on how public blockchain technology can support the issuance and trading of tokenized securities.
The group held separate meetings with Nasdaq, Plume Network, and Etherealize on how securities can be issued and traded on public blockchains.
All three meetings resulted in the suggestion of the...
Bitcoin (BTC) is experiencing a healthy consolidation phase after last week’s record high of $111,880, but it still faces threats from significant profit-taking movements.
According to a May 26 “Bitfinex Alpha” report, strong spot demand and steady exchange-traded fund (ETF) inflows lifted BTC more than 50% from early-April lows before President Donald Trump’s tariff threat on European Union...
Trump Media and Technology Group (TMTG) plans to raise $3 billion to purchase Bitcoin (BTC) and other crypto, as the Financial Times reported.
The report cited six people briefed on the transaction, who said the company intends to sell about $2 billion in new equity and another $1 billion of convertible bonds.
Additionally, the sources said the offering size grew in recent weeks as demand...
A crypto trader lost over $2.5 million worth of Tether (USDT) after falling for the same scam twice within hours.
On May 26, blockchain security firm Scam Sniffer reported that the first error occurred when the trader copied a manipulated wallet address from their transaction history. This resulted in a transfer of $843,000 to the scam address.
Just hours later, the trader repeated the same...
Strategy has acquired an additional 4,020 BTC for $427.1 million at an average purchase price of $106,237 per Bitcoin.
According to a May 26 statement, Strategy funded its latest Bitcoin purchase by selling several equity instruments between May 19 and 25. This included 847,000 shares of its Class A common stock (MSTR), generating $348.7 million in net proceeds.
It also raised $67.9 million from...