A Wyoming LLC filed a lawsuit in New York seeking legal ownership of about 3.8 million dormant Bitcoin, worth potentially hundreds of billions of dollars, by claiming inactivity equals abandonment. Cardano founder Charles Hoskinson sharply criticized this legal approach, calling it absurd and dangerous for Bitcoin's fundamental principle of self-custody, where ownership depends on private keys, not account activity. The case raises concerns that long-term cold storage could be legally challenged, threatening decentralized ownership. While the lawsuit is more a provocative legal test than a practical claim, it highlights growing tensions between cryptocurrency technology and traditional legal frameworks.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
