The fast food chain recently announced that it would begin accepting Bitcoin for purchases Steak ‘n Shake has credited its recent sales surge to its decision to embrace Bitcoin payments earlier this year. The US-based fast-food chain reported an 11% increase in same-store sales for the second quarter, outpacing several major competitors in the sector.
Tag: Cryptocurrency
Trump-Linked World Liberty Wants $1.5B for a Publicly Traded Treasury Company
The money raise would mark one of the largest capital injections into a crypto treasury initiative World Liberty Financial (WLFI), a decentralized finance venture with backing from the Trump family, is seeking roughly $1.5 billion from investors to establish a publicly traded treasury company that would hold its native WLFI tokens, according to Bloomberg. Talks
Ripple and SEC Agree To Terminate Long-Running Legal Battle
The agreement is the latest peace made between the crypto company and the regulator Ripple Labs and the US Securities and Exchange Commission (SEC) have officially ended their long-running legal dispute after both sides agreed to withdraw their respective appeals. In a joint filing submitted to the Second Circuit Court of Appeals, the regulator and
More People Are Collecting Their Salaries in Cryptocurrency
This follows the passage of the GENIUS Act, an effort that highlights regulated digital payments An increasing number of professionals working in the crypto industry are now receiving their salaries in digital assets, particularly stablecoins, according to a new report by Pantera Capital. Over the past year, the number of people opting for crypto-based payroll
Coinbase Plans on Offering Prediction Markets in the US
The cryptocurrency company will face Kalshi, Polymarket and others Coinbase is preparing to bring prediction markets to the US as part of a broader push to expand its offerings beyond cryptocurrency trading. The exchange, one of the largest in the country, confirmed that it plans to introduce a platform where users can place wagers on
CFTC Could Greenlight Spot Crypto Trading on Its Exchanges
The move is in further response to the government’s plan to expand crypto use The Commodity Futures Trading Commission (CFTC) is exploring a significant shift that could allow spot crypto trading on its regulated exchanges. This effort is part of the agency’s broader “crypto sprint,” a fast-tracked initiative aimed at implementing recommendations from the President’s
CFTC To Start Review of Working Group on Digital Asset Markets Recommendations
The US Administration is shifting toward a more crypto-friendly environment The Commodity Futures Trading Commission (CFTC) is moving forward with plans to address digital asset regulation, launching what it calls a “crypto sprint” aimed at turning federal policy recommendations into concrete action. Acting Chairman Caroline D. Pham confirmed this week that the agency will begin
Trickbot Malware Has Led to Theft of $724 Million in Cryptocurrency
The malware is attacking all industries, with no clear solution available TrickBot, a malware platform that first appeared as a banking Trojan in 2016, has become one of the most damaging tools in cybercrime, linked to over $724 million in stolen cryptocurrency. Its operators, known collectively as Wizard Spider, have built a criminal infrastructure that
White House Working Group Releases Report on Crypto Regulatory Recommendations
President Donald Trump is laying the groundwork to potentially embrace cryptocurrency The White House Working Group on Digital Assets has released its long-awaited report, offering a comprehensive set of recommendations for the regulation of cryptocurrencies in the United States. The document, which outlines proposed policies on crypto market structure, jurisdictional oversight, and banking regulations, is
Samourai Wallet Co-Founders Change Plea in $2B Illegal Money Transactions Suit
The two had previously pleaded not guilty as they face over 25 years in prison The co-founders of Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, have opted to change their pleas to guilty in a federal case alleging their involvement in a multibillion-dollar illegal money-transmitting scheme. Yesterday, court filings in New York revealed their
PayPal Introduces New Cryptocurrency Payment Tool for US Merchants
The new feature supports over 100 cryptocurrencies to help facilitate crypto use PayPal has launched a new cryptocurrency payment tool designed to help US merchants easily accept digital currencies, particularly for international transactions. The feature allows businesses to take payments in over 100 cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, USD Coin, and Tether. It also
Argentina Blocks Crypto Wallets Over Terrorism Financing Concerns
The move has left millions of dollars frozen while regulators investigate transactions Argentina has frozen several cryptocurrency wallets following concerns about their possible links to international terrorism financing. The country’s Financial Information Unit (UIF), which oversees money laundering and anti-terrorism operations, initiated the move after detecting suspicious transactions involving national crypto exchanges. Authorities believe these