KuCoin denies claims of 77% Bitcoin reserve drop, calls figures misleading
KuCoin released its latest Proof of Reserves report, offering a detailed snapshot of its current digital asset holdings. According to the report, KuCoin’s Bitcoin reserve ratio stands at 106%. The data indicates that KuCoin holds more BTC than it owes to its...
Ex-Celsius CEO Alex Mashinsky Seeks 1-Year Sentence, Rejects DOJ’s 20-Year Proposal
Former Celsius CEO Alex Mashinsky is seeking a one-year prison sentence, sharply contesting the Department of Justice’s (DOJ) recommendation of 20 years for fraud and market manipulation tied to the cryptocurrency platform’s 2022 collapse. Mashinsky’s Lawyers Push for...
Florida scraps Bitcoin reserve bills as state-level crypto adoption faces setbacks
Florida’s decision follows a broader trend of legislative setbacks surrounding Bitcoin reserve proposals. Similar bills have been shelved or blocked in states like Wyoming, Pennsylvania, Oklahoma, Montana, North Dakota, and South Dakota. Only 19 US states are still...
Mexican Billionaire Ricardo Salinas: Investing in Real Estate Is ‘Bullshit,’ Buy Bitcoin Instead
Ricardo Salinas Pliego, the fifth-largest billionaire in Mexico, has offered major investment advice to his followers on X, which unsurprisingly includes bitcoin. Salinas, who owns TV Azteca and Grupo Electra, advised against real estate investments and encouraged...Interesting 13
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