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Crypto Goes Tropical: Thailand Welcomes Tourist Spending In Bitcoin And More

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Thailand is moving ahead with a plan to let foreign tourists spend cryptocurrency during their visits. The new scheme, called TouristDigiPay, will launch on August 18 and allow visitors to convert crypto into Thai baht for electronic payments. Related Reading: Bitcoin Miner Tied To Trump Spends $314 Million On Chinese Computer Chips The announcement comes […]
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Galaxy Digital Secures $1.4B Loan To Convert Helios Mining Facility To AI Data Center

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Galaxy Digital has secured a $1.4 billion loan to repurpose its Helios Bitcoin mining center into an artificial intelligence data center. This move aligns with the digital asset management firm’s long-term deal with the Graphics Processing Unit (GPU) provider CoreWeave Inc. Loan Facility To Cover 80% Of Data Center Project On Friday, August 15, Galaxy […]
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US DOJ Seizes $2.8M in Crypto from Alleged Ransomware Mastermind

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The US Justice Department has unsealed a set of warrants authorizing the seizure of more than $2.8 million in cryptocurrency linked to an alleged ransomware operation. The action also includes the confiscation of $70,000 in cash and a luxury vehicle. The warrants, unsealed in federal courts in the Eastern District of Virginia, the Central District […]
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New York’s 0.2% Crypto Tax Push Sparks Fears of a Market Sell-Off

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New York may soon add another chapter to its already strict crypto regulation playbook. Assembly Bill 8966, introduced by Democratic Assembly member Phil Steck, proposes a 0.2% excise tax on all crypto and NFT transactions, including Bitcoin, Ethereum, and stablecoins. If approved, the crypto tax would take effect on September 1, applying to both individuals […]
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Justin Sun Vs Bloomberg: Clash Escalates Over TRON Founder’s Crypto Holdings

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Justin Sun, the controversial crypto billionaire and founder of the Tron (TRX) blockchain, has ignited a new legal dispute by filing a lawsuit against media company giant Bloomberg on Monday.  The lawsuit, submitted in Delaware, accuses Bloomberg of “improperly” disclosing sensitive financial information about Sun’s cryptocurrency holdings in a recent article, which he claims could […]
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BNB Surges on $2B Investment: Analysts Debate If $1,000 Target Is Within Reach

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Binance Coin (BNB) has hit fresh record territory after Abu Dhabi-based MGX announced a historic $2 billion investment in Binance on August 12. Related Reading: Bitcoin Spam Could Undermine 21 Million Cap, Warns Satoshi Action Fund CEO The deal, entirely funded in stablecoins, marks the largest single investment ever made in a cryptocurrency company. Within […]
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Solana Upgrade Targets Ethereum’s Weak Spot, Says Developer

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Anza—the firm leading core software development for Solana—has begun detailing “Rotor,” a new block-propagation layer shipping with the Alpenglow consensus overhaul. In a thread on X, Brian (@0xbrw), Anza’s developer relations lead, claims Rotor will put Solana ahead of Ethereum on raw network responsiveness: “Rotor is Solana’s new block propagation method in the Alpenglow upgrade… […]
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‘Crypto Mom’ Tells Industry: SEC Acting Now, Not Waiting On Congress

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Crypto firms may get fresh guidance from the Securities and Exchange Commission even if Congress takes its time, Republican Commissioner Hester Peirce told Bloomberg. Related Reading: CEO Says He’ll Fulfill $1 Billion Bitcoin Buy Dream In One Bid Peirce, also known as “Crypto Mom”, said agency staff have been working on guidance since January and […]