A Shenzhen tech employee was sentenced to over three years in prison for stealing company R&D data and demanding ransom in Bitcoin and USDT worth about $87,000. The court's ruling notably recognized Bitcoin and USDT as virtual assets with property value, despite China's ban on cryptocurrency trading. This legal recognition allows digital assets to be treated like property in extortion cases, marking a significant precedent in Chinese digital asset law. The case highlights ongoing cybersecurity risks from insiders and China's complex stance on cryptocurrency.
Berkshire Hathaway reduced its cash reserves by investing billions in stocks like Alphabet and repurchasing $7.8 billion of its own shares in Q2 and July. The conglomerate reported a 16% rise in operating profit to $12.98 billion, driven by gains at ...
Crypto card spending surged to $759 million monthly by July 2026, with dollar-backed stablecoins USDC and USDT capturing 84% of the market. Euro-backed stablecoin EURe's share plummeted from 88% in early 2024 to just 2%, marking a dramatic shift. Thi...
The US Senate has postponed the vote on the CLARITY Act, a bill intended to establish a clear regulatory framework for cryptocurrencies and digital assets, until mid-September. This delay has caused concern among crypto industry leaders, including Mi...
Cardano (ADA) has achieved its highest-ever Nakamoto Coefficient of 16, marking a significant milestone in its decentralization. This measure indicates that control over the network is spread across more participants, enhancing resistance to censorsh...
Beasley Broadcast Group has postponed its Q2 2026 financial results announcement and related conference call to allow more time to complete tax accounting related to its recent refinancing and debt restructuring. The company expects to reschedule the...
