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Report: US Customs Impound Bitcoin Miners as Tech Regulations Tighten

Coins Legend February 16, 2025 0

According to a newly published report by Blockspace, U.S. Customs and Border Protection (CBP) is said to have been impounding bitcoin application-specific integrated circuit (ASIC) mining machines. Sources Claim U.S. Customs Seized ASIC Bitcoin Miners Under FCC Orders The disclosure of the

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Coinbase Is a Banking Giant, Calls To Audit the Fed, and More — Week in Review

Coins Legend February 16, 2025 0

Coinbase is a banking giant, calls increase to audit the Federal Reserve, XRP bulls fight to hold $2.40, and more in this Week in Review. Week in Review Coinbase is quietly reinventing itself as a banking giant with $420 billion in assets, poised to rival traditional banks and brokerages. At the same time, a growing […]

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‘Not a Maxi Anymore:’ Plan B Pivots to Bitcoin ETFs

Coins Legend February 16, 2025 0

Plan B, a bitcoin analyst who is famous for his stock-to-flow (S2F) price prediction model, has announced that he sold his tokens, pivoting to bitcoin exchange-traded funds (ETFs). Predicting a negative backlash from the community, he stated: “Yes I know, not your keys not your coins. But it is just easier for me to manage […]

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The Libra Incident: Examining Argentine President Javier Milei’s Confusing Token Endorsement and Its Destructive Aftermath

Coins Legend February 16, 2025 0

Javier Milei endorsed a token called Libra, which was allegedly intended to support local enterprises, without doing due diligence. This set in motion a chain of events that could even result in the impeachment of the leader, as thousands of investors lost money in the project. How Milei Endorsed Failed Meme Coin Libra Without Due […]

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The Future of Bitcoin: Expert Insights on the Impact of Restaking, Taproot, and Emerging Tech

Coins Legend February 16, 2025 0

Luke Xie, co-founder and CEO of Satlayer, emphasizes the importance of highlighting bitcoin’s other use cases, particularly with the introduction of Taproot. The ETF and Trump Effect on Bitcoin The increased public interest in bitcoin, sparked by rumors in Q3 2023 that investment giant Blackrock contemplated launching a bitcoin exchange-traded fund (ETF), persisted

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Clucoin Founder Sentenced to 27 Months for $1.14M Crypto Fraud

Coins Legend February 16, 2025 0

The founder of Clucoin, Austin Michael Taylor, was sentenced to 27 months in prison for wire fraud, followed by three years of supervised release, and ordered to pay $1.14 million in restitution and forfeitures. Taylor, 41, from Sykesville, Maryland, used his social media influence to promote Clucoin, a Miami-based cryptocurrency project under his company, CLU […]

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Expert: Bitcoin Should Anchor US Digital Asset Stockpile

Coins Legend February 16, 2025 0

Martins Benkitis, co-founder and CEO of market maker Gravity Team, believes that any digital asset stockpile, as suggested by an executive order from U.S. President Donald Trump, should start with Bitcoin as its foundation. Altcoins in U.S. Digital Asset Stockpile Carry Risks While an executive order signed by U.S. President Donald Trump is somewhat vague […]

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Hashflare Operators Plead Guilty in Massive Fraud Case

Coins Legend February 16, 2025 0

Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, pleaded guilty to operating a $577 million cryptocurrency Ponzi scheme through their fraudulent mining service, Hashflare. The scheme, running from 2015 to 2019, deceived hundreds of thousands worldwide, including U.S. investors, by selling mining contracts despite lacking the computing power to generate promised

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FBI Saves 4,300 Crypto Victims, Stopping $285M in Devastating Losses

Coins Legend February 16, 2025 0

The FBI’s Operation Level Up has saved over 4,300 potential victims from losing $285 million to cryptocurrency scams, preventing life-altering financial losses and exposing fraudulent platforms. Operation Level Up: Inside the FBI’s Mission to Protect 4,300 From Crypto Fraud The FBI announced on Feb. 13 that Operation Level Up has successfully prevented victims from losing

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US Lawmaker Blasts Trump’s Meme Coin, Accuses Elon Musk’s DOGE of Gutting Consumer Protections

Coins Legend February 16, 2025 0

A U.S. representative has slammed President Trump and Elon Musk for dismantling consumer protections, warning they’ve turned crypto into a breeding ground for scams. Elon Musk’s ‘DOGE Bros’ Shutting Down Consumer Protections? Lawmaker Sounds the Alarm U.S. Representative Ayanna Pressley (D-MA) voiced strong concerns over the increasing prevalence of cryptocurrency scams