Banq, a payments subsidiary of troubled crypto custodian Prime Trust, has filed for Chapter 11 bankruptcy protection in the United States District Court of Nevada.
According to the bankruptcy filing, Banq has total assets worth around $17 million and total liabilities of around $5 million. The filing comes less than a week after Prime Trust, Banq’s parent company, reached an acquisition deal with rival BitGo, pending approvals.
This is a developing story and will be updated.
MicroStrategy has rebranded to "Strategy" to reflect its focus on Bitcoin, moving away from its business analytics roots. Despite growing its Bitcoin holdings, the company reported a $670.8 million quarterly loss but remains optimistic about future growth.
JoyJosh Zhuang Zihui, 24, was sentenced to one year and ten months in prison on 5 February after admitting to seven counts of fraud for scamming 14 victims out of over $122,000 with fake AI investment software.
CatherineA Coinbase executive analysed Bitcoin’s early transactions and found links between Satoshi Nakamoto’s wallets and a Canadian exchange. His research suggests Satoshi’s last on-chain activity was in 2014, and Kraken may hold data revealing their identity.
WeatherlyIndia’s Finance Ministry banned AI tools like ChatGPT and DeepSeek on official devices over data security concerns. This coincides with rising scrutiny of OpenAI and competition from China’s DeepSeek.
AnaisHackers hijacked the former Malaysian PM’s X account to promote a fake meme coin, stealing $1.7 million. This incident underscores a growing trend of scammers using political figures to launch fraudulent meme coins, following the $857 million theft linked to the TRUMP token.
KikyoDing Linwei, a former Google engineer, is charged with stealing AI technology to benefit Chinese companies, including sensitive data on Google’s hardware and software. He faces multiple espionage and theft charges, with a potential prison sentence of up to 15 years.
WeatherlyBurwick Law and Wolf Popper LLP have sent a cease and desist letter to Pump.fun, accusing it of allowing users to create memecoins that impersonate their names and logos. The firms demand the removal of these tokens, including "DOGSHIT2," citing violations of intellectual property rights and potential harm to ongoing litigation.
AnaisTrump Media & Technology Group (TMTG) will launch its Truth.Fi investment portfolio, including ETFs and SMAs like the Truth.Fi Bitcoin Plus ETF. The company plans to invest $250 million in Bitcoin and other cryptocurrencies, with products set to debut later this year. As TMTG expands into crypto, some question whether the former President is overreaching beyond politics.
CatherineTelegram’s mandate for third-party wallets to use TON Connect restricts all Mini Apps to the TON blockchain, raising concerns over decentralisation and exclusivity. This move risks alienating developers and users, potentially leading to user attrition and reduced platform relevance in the crypto space.
KikyoBybit resumed operations in India after paying a ₹9.27 crore ($1.06 million) fine and securing registration with the Financial Intelligence Unit-India (FIU-IND). The exchange had been blocked for non-compliance but now aims to fully operate under India's regulatory framework.
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