Author: Kryptonews

The lawsuit was filed days after the president threatened on social media to sue the banking giant for debanking him weeks after his supporters attacked the US Capitol in 2021.US President Donald Trump has filed a lawsuit in Florida state court against JPMorgan, claiming that the banking giant terminated accounts connected to the president and his businesses “without warning or provocation.” According to a Thursday Bloomberg report, Trump filed a complaint in the Miami-Dade County state court, seeking $5 billion in damages from JPMorgan and its CEO, Jamie Dimon. The complaint was not available on the court’s public docket at…

After a period of rapid expansion, the global stablecoin market has largely stalled, signaling a consolidation phase as new regulation, liquidity constraints and higher real-world yields weigh on new issuance, according to Jimmy Xue, co-founder of quantitative yield protocol Axis.In a note shared with Cointelegraph, Xue said that while stablecoin regulation has advanced, tighter frameworks in the United States and Europe have forced institutional issuers to hold higher-quality reserves and absorb rising compliance costs, slowing the pace of net issuance.At the same time, elevated real yields on US Treasurys have increased the opportunity cost of holding stablecoins that offer no…

The Pennsylvania Academy of the Fine Arts announced Thursday that it has named Kristen Shepherd as its new president and CEO. Shepherd will start in the role on February 9. Shepherd, 54, previously served as executive director and CEO at the Museum of Fine Arts in St. Petersburg, Florida for five and a half years. She also held leadership positions at the Los Angeles County Museum of Art, the Whitney Museum in New York, and Sotheby’s in New York and London. She has also served as a consultant to various museums through her firm Shepherd Lane + Associates. Related Articles…

The Board of Mayor and Aldermen in Kingsport, Tennessee approved changes to the city’s zoning rules that could pave the way for cryptocurrency mining companies and data centers to operate locally.In a Tuesday meeting, the board unanimously approved on first reading an ordinance to amend the land zoning related to data centers and cryptocurrency mining sites, according to local reports. The ordinance sets guidelines on where those facilities could be located within the city. Its approval followed a recommendation from Kingsport’s planning division in December and requires a second vote before the amendment is formally adopted.“The City’s industrial district zoning…

As the Ethereum (ETH) price retests a crucial support zone, BitMine revealed it has added another $110 million worth of ETH to its treasury holdings over the past week, approaching an important milestone for the company’s investment strategy. Related Reading BitMine’s Ethereum Bet Continues On Tuesday, BitMine, a Bitcoin and Ethereum Network Company with a focus on accumulating crypto for long-term investment, announced its holdings had reached 4.2 million ETH tokens after acquiring 35,268 ETH, worth roughly $110 million, in the past week. As a result, the company, which is the largest Ethereum Treasury company in the world and the…

The chief investment officer at a digital asset investment firm is raising new questions over the future of crypto for one key reason. Arca CIO Jeff Dorman says he believes Bitcoin (BTC) and many other digital assets are unlikely to see values increase from the explosion in the tokenization of assets. Dorman warns there may only be a few beneficiaries from the latest big trend in blockchain use cases such as the New York Stock Exchange (NYSE) plan to launch a tokenized securities platform for 24/7 trading and stablecoin-based funding. Says Dorman, “Crypto really in an existential crisis now. Everything…

In the world of crypto casinos, trust is paramount. Players are increasingly seeking assurance that the games they engage with are fair and transparent. This demand is driving the adoption of Provably Fair technology, which is setting a new standard in the industry.As the demand for fairness in crypto casinos grows, players want to know that the games they play are not manipulated. This is where Provably Fair technology becomes essential. By utilizing cryptographic techniques, this technology allows you to verify that game outcomes are genuinely random, enhancing your trust in the platform.The Role of Technology In Ensuring FairnessTechnological advancements…

The Bitcoin price rally to $90,000 failed to hold after 17,000 BTC were sent to exchanges, but an improving spot market suggests that traders view BTC’s current pricing as discounted.Crypto exchanges saw a surge in Bitcoin (BTC) flows over the past two days, emulating a pattern seen when the market topped in July and August 2025. More than 17,000 BTC was sent to exchanges, potentially a sign that the current sell-off could deepen.Bitcoin researcher Axel Adler Jr. said that the atypical 17,000 BTC exchange inflow occurred between Jan. 20 and 21, including 9,867 BTC on Jan. 20 and 6,786 BTC…

Bitwise Asset Management has launched a new exchange-traded fund (ETF) designed to hedge against currency debasement, underscoring how digital assets are increasingly being incorporated into broader macro investment strategies following the success of spot Bitcoin ETFs.On Thursday, Bitwise unveiled the Bitwise Proficio Currency Debasement ETF, which trades on the NYSE under the ticker BPRO. The actively managed fund seeks to address the declining purchasing power of fiat currencies through a portfolio that includes Bitcoin (BTC), precious metals and mining equities.Unlike spot Bitcoin ETFs, BPRO allows for discretionary allocation across crypto and commodity-linked assets. The structure appears aimed at wealth managers…

Automotive technology supplier Valeo and Natix Network, a Solana-based decentralized physical infrastructure network (DePIN) provider, have partnered to build an open-source, artificial intelligence (AI) multi-camera model aimed at improving autonomous driving systems.The two companies said Thursday they are building what they call the World Foundation Model (WFM), which they say will be able to learn and predict real-world motion, while adapting to traffic situations. The multi-camera model aims to push the boundaries of AI models from text-based understanding to real-world scenarios in physical environments, according to an announcement shared with Cointelegraph. It also aims to advance research into autonomous driving.…