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Almost 31% of Bitcoin Supply Now Controlled by Centralized Treasuries: Report - CryptoShrypto
Nearly 31% of the circulating Bitcoin supply is now held by centralized treasuries, including governments, ETFs, and public companies, according to a new report by Gemini and Glassnode released Wednesday. The researchers say this marks a major shift toward institutional-grade infrastructure and strategic asset adoption. The report reveals that institutional and custodial entities collectively hold […]
NFT Artist Jonathan Mann Sings of $3M Crypto Loss and IRS Tax Nightmare - CryptoShrypto
Jonathan Mann, the musician behind the long-running “Song A Day” project, has turned a harrowing crypto tax ordeal into a musical cautionary tale. Mann, who made headlines in early 2022 for selling his entire back catalog of songs as NFTs, shared a new track on social media platform X, detailing how he made—and lost—$3 million […]
Russian Arrested in Seoul Over $730K Fake Crypto Deal Robbery - CryptoShrypto
South Korean police have arrested one of three Russian nationals accused of attempting to rob Korean investors during a fake cryptocurrency deal at a hotel in Seoul. The suspects reportedly tried to steal 1 billion won (around $730,000) in cash during a staged transaction. The arrest was made on May 27 in Busan, according to […]
Nvidia to Launch Lower-Cost AI Chip for China Amid U.S. Export Curbs - CryptoShrypto
Nvidia is set to launch a new artificial intelligence chip tailored for the Chinese market as early as June, according to sources familiar with the matter. The move comes in response to escalating U.S. export restrictions that have barred Nvidia from selling high-performance GPUs like the H20 in China. The upcoming chip will be part […]
Indian Government Asks Crypto Exchanges to Track Suspicious Activity in Jammu & Kashmir - CryptoShrypto
The Indian government has directed domestic cryptocurrency exchanges to intensify monitoring of transactions originating from Jammu & Kashmir and nearby border regions, The Economic Times reported. This move stems from rising fears that digital assets may be used to launder money or fund unlawful operations. According to the report, the Financial Intelligence Unit (FIU-IND), responsible […]
Dubai Partners with Crypto.com to Enable Crypto Payments for Government Services - CryptoShrypto
In a landmark move toward becoming a cashless economy, the Government of Dubai has signed an agreement with global cryptocurrency exchange Crypto.com to enable crypto payments for government services. The deal was finalized during the Dubai Fintech Summit on May 12, as part of the city’s broader Cashless Strategy aimed at fostering a fully digital […]
Karnataka HC Orders Government to Block Proton Mail in India - CryptoShrypto
In a landmark decision, the Karnataka High Court has directed the central government to take immediate steps to block Proton Mail, a Switzerland-based encrypted email service, within India. The order was issued on April 29, 2025, by Justice M Nagaprasanna, invoking Section 69A of the Information Technology Act, 2000, and relevant IT Rules, citing the […]