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Crypto News Archives - MarketDraft BlogMarketDraft Blog Crypto News Archives - MarketDraft Blog

Category: Crypto News

Winklevoss Twins Donate $21 Million in Bitcoin to Pro-Crypto PAC

Tyler and Cameron Winklevoss, the billionaire twin co-founders of cryptocurrency exchange Gemini, announced on Aug. 20 that they had donated $21 million worth of bitcoin to the Digital Freedom Fund political action committee (PAC). The contribution, equal to 188.4547 BTC, underscores their determination to influence the policy environment around digital assets as Washington ramps up… Continue reading Winklevoss Twins Donate $21 Million in Bitcoin to Pro-Crypto PAC

Global Crackdown Freezes Over $300 Million in Crypto Stolen Through Scams

A sweeping international crackdown has led to the freezing of more than $300 million in stolen cryptocurrency, marking one of the largest coordinated efforts yet against digital asset fraud. The operation brought together law enforcement agencies and private crypto firms in an unprecedented show of cooperation, targeting scams that have drained millions from victims worldwide.… Continue reading Global Crackdown Freezes Over $300 Million in Crypto Stolen Through Scams

Trump Greenlights Crypto in 401(k)s, Sparking Market Rally

In a move that has sent shockwaves through financial markets and energized the cryptocurrency sector, former President Donald Trump signed an executive order aimed at allowing Americans to invest in alternative assets—including Bitcoin and other digital currencies—through their 401(k) retirement accounts. The announcement triggered a sharp rally in Bitcoin prices and a surge in crypto-related… Continue reading Trump Greenlights Crypto in 401(k)s, Sparking Market Rally

Banking on Crypto: JPMorgan and Coinbase Forge Direct Account Link

On July 30, 2025, JPMorgan Chase and Coinbase announced a landmark partnership that will allow Chase customers to link their bank accounts directly to Coinbase wallets and, beginning this fall, to fund those wallets using their Chase credit cards. What drove this collaboration was a convergence of factors: an accelerating demand from traditional banking clients… Continue reading Banking on Crypto: JPMorgan and Coinbase Forge Direct Account Link

PayPal’s New “Pay with Crypto” Feature

PayPal’s “Pay with Crypto” feature, officially unveiled on July 28, 2025, represents a significant step in bridging digital assets and mainstream commerce. Designed for U.S.-based merchants (excluding New York), this capability enables retailers to accept more than 100 different cryptocurrencies—ranging from Bitcoin and Ethereum to stablecoins like USDT, USDC, as well as XRP, BNB, and… Continue reading PayPal’s New “Pay with Crypto” Feature

Akon City’s Crypto Dream Collapses in Senegal

Senegalese-born R&B star Akon (Aliaune Thiam) long cast himself as a champion of African development. In 2018 he announced a $6 billion “Akon City” – a futuristic, solar-powered metropolis along Senegal’s Atlantic coast – to be funded by his own digital token, Akoin. The project was backed at the highest levels: media reports noted that Senegal’s… Continue reading Akon City’s Crypto Dream Collapses in Senegal

Thailand’s Five-Year Crypto Tax Exemption – What you Need to Know

In June 2025 Thailand’s cabinet approved a landmark tax waiver that effectively exempts capital gains on cryptocurrency trading for five years (Jan 1, 2025–Dec 31, 2029). The measure was adopted via a draft Ministerial Regulation under the Thai Revenue Code and is intended to promote Thailand as a regional “digital asset hub”. In practice, personal income tax on capital… Continue reading Thailand’s Five-Year Crypto Tax Exemption – What you Need to Know

Brooklyn Prosecutors Charge Crypto Firm Founder in $530M Russian Money Laundering Scheme

Federal prosecutors have unveiled charges against Iurii Gugnin, the founder of a U.S.-based cryptocurrency payments company, accusing him of running an elaborate international money laundering network that funneled over $530 million to and from Russian financial institutions under U.S. sanctions. According to court filings unsealed this week, Gugnin—along with unnamed co-conspirators—allegedly operated a shadow financial… Continue reading Brooklyn Prosecutors Charge Crypto Firm Founder in $530M Russian Money Laundering Scheme

China Allegedly Liquidates 194,000 Bitcoin Seized from PlusToken Scam

In a significant development within the cryptocurrency sector, Chinese authorities are reported to have sold approximately 194,000 Bitcoin (BTC) confiscated from the notorious PlusToken Ponzi scheme. This sale, estimated at nearly $20 billion, has raised questions about China’s transparency regarding digital asset management and its potential impact on the crypto market. Launched in April 2018,… Continue reading China Allegedly Liquidates 194,000 Bitcoin Seized from PlusToken Scam

Arrests made in Crypto Kidnapping and Torture Case

In a harrowing case that underscores the perils faced by cryptocurrency holders, two prominent crypto investors have been arrested in New York City for the alleged kidnapping and torture of an Italian Bitcoin trader. The suspects, John Woeltz, 37, known as the “crypto king of Kentucky,” and William Duplessie, 32, co-founder of the Swiss-based Pangea… Continue reading Arrests made in Crypto Kidnapping and Torture Case

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