Archblock, TrustToken, and TrueCoin, the firms originally behind stablecoin TrueUSD, have declared Chapter 11 bankruptcy protection, citing Techteryx’s failure to pay invoices and Archblock being defrauded by “a sophisticated criminal enterprise working out of Eastern Europe.” This comes after Archblock and its sister firms became embroiled in a series of calamities and legal disputes and
Crypto tax confusion persists despite widespread adoption, with most U.S. investors aware of obligations but struggling to execute accurately as new reporting rules and portfolio complexity widen compliance gaps across digital asset markets. Data Reveals Crypto Tax Chaos as Investors Face Costly Errors Rising participation in digital assets has exposed a gap between compliance intent
Mitsubishi Corporation plans to use a blockchain-based payment system developed by JPMorgan Chase to move funds across its global operations, signaling continued adoption of blockchain infrastructure within traditional finance. The system is part of JPMorgan’s blockchain network, known as Kinexys, which enables near-instant fund transfers, reduces reliance on traditional banking and operates around the clock,
SWIFT, the messaging backbone connecting over 11,000 financial institutions across more than 200 countries, has confirmed that its blockchain-based shared ledger is progressing into its first MVP iteration. After completing a design phase with a global group of banks, the network is now preparing for real-world transactions later this year. What SWIFT’s Blockchain Ledger Actually
Elon Musk, the Tesla CEO who was once closely involved with the cryptocurrency world, added another Bitcoin post to his increasingly rare collection of posts today. Elon Musk, who has recently been frequently sharing images and videos created by Grok, the AI model of the social media platform X, this time shared a dancer with
US Senator Cynthia Lummis is preparing to introduce a bipartisan “Mined in America Act” bill that would incentivize Bitcoin mining; under the plan, miners would be able to sell Bitcoin to the government in exchange for tax benefits (CGT exemption). The bill aims to encourage Bitcoin mining within the country and to bring critical infrastructure
Morgan Stanley’s E*Trade is in talks to take the lead in selling SpaceX IPO shares to everyday US investors, giving the brokerage an early advantage over Robinhood and SoFi in one of the most closely watched listings of 2026. Reuters reported Monday that SpaceX is considering routing a meaningful share of its smaller ticket retail
Jack Dorsey’s Square on Monday announced it began automatically enabling bitcoin payments for millions of eligible U.S. small businesses, marking one of the most aggressive pushes yet to integrate crypto into mainstream commerce. The Block (XYZ) subsidiary said businesses can now accept bitcoin with no additional setup requirements and with transactions instantly converted into U.S.
Strategy, led by Michael Saylor, has paused its weekly Bitcoin purchases for the first time in over a year. The company did not make any new purchases this past week, keeping its total Bitcoin holdings at 762,099 $BTC. The current market value of the total $BTC held by the company is estimated at approximately $51.6
American Bitcoin (ABTC), the Donald Trump family-backed company, has hit 7,000 BTC in its bitcoin reserve, marking roughly a threefold increase in these assets since its Nasdaq debut in September 2025, according to the company. The firm also reported a more than doubling of its satoshis per share, a metric that reflects the amount of