Latest news with #MichaelArrington
Yahoo
5 days ago
- Business
- Yahoo
XRP ‘showing off' new record high on the heels of US bills, Trump's crypto 401k plans
After two full bear markets and a drawn-out fight with the Securities and Exchange Commission, XRP has finally shattered its 2018 record. 'XRP is just showing off at this point,' wrote Michael Arrington, founder of Arrington Capital, a digital asset investment firm and major backer of XRP, as the token surged past its 2018 peak to tap a new high of $3.66 on Friday. And it's not the only one celebrating. Indeed, the wider crypto market just smashed through the $4 trillion value mark for the first time. The rally comes amid a wave of historic pro-crypto policy wins in Washington, including the passage of three major bills in the House and a reported upcoming executive order from US President Donald Trump that could unlock the $9 trillion US retirement market for digital assets. Trump is preparing to sign an executive order that would open up 401k retirement plans to alternative investments like cryptocurrencies and private equity, according to the Financial Times. If enacted, the order would remove key regulatory hurdles, allowing exposure to major digital assets like XRP, Bitcoin, and Ethereum to flow into professionally managed retirement accounts for the first time. The legislative tailwind is just as strong. On Thursday, the House passed the Clarity Act, which would assign crypto market oversight to the Commodity Futures Trading Commission. It also cleared the Genius Act, which allows banks and companies to issue their own stablecoins. Now, it's heading to the desk of the Oval Office next, where Trump has all but promised to rubber stamp it into law. Both bills passed with bipartisan support. The third bill that passed, known as the Anti-CBDC Surveillance State Act, would prohibit the Federal Reserve from issuing a digital currency. XRP rallies XRP, long hampered by regulatory uncertainty and its high-profile legal fight with the SEC, has surged nearly 70% in the past 30 days. That momentum recently pushed XRP past Tether to become the third-largest crypto by market cap. Analysts say demand from institutions is helping power the rally, with XRP-focused investment products like leveraged exchange-traded funds and futures funds drawing significant inflows. Crypto market movers Bitcoin has gained 1.9% in value over the past 24 hours and is trading at $120,350. Ethereum is up 7.1% in the same period to $3,660. What we're reading Privacy talk off-limits in Roman Storm trial, prosecutors argue — DL News $900M in TRUMP Memecoins Set for Crypto Week Unlock — Unchained Crypto theft is booming as criminals increasingly turn to physical attacks — CNBC Coinbase launches the 'everything app' — Milk Road Ethereum ETFs gobble up $720m investment record in 'clear acceleration' to outpace Bitcoin — DL News Kyle Baird is DL News' Weekend Editor. Got a tip? Email at kbaird@
Business Upturn
19-07-2025
- Business
- Business Upturn
PaladinMining Introduces Updated Mining Packages for XRP Holders Seeking Up to $5,000 Daily in Passive Crypto Income
By GlobeNewswire Published on July 19, 2025, 02:39 IST Los Angeles, California, July 19, 2025 (GLOBE NEWSWIRE) — As XRP surges past its previous all-time high to reach $3.66, holders are now moving beyond simple trading, turning their gains into long-term, passive income streams. The latest opportunity? PaladinMining, a next-generation cloud mining platform that has just unveiled a suite of high-return contracts designed for everyday investors — no hardware, no hassle required. 'XRP is just showing off right now,' noted Michael Arrington, founder of Arrington Capital and long-time XRP backer. With renewed confidence in Ripple's legal positioning and token performance, the spotlight has shifted to how holders can maximize their returns beyond simple trading. PaladinMining offers just that—a seamless way for XRP investors to generate high-yield passive income by participating in cloud-based Bitcoin mining, all without the hassle of hardware, technical knowledge, or high electricity costs. Why XRP Investors Are Choosing PaladinMining With over two bear markets behind them, XRP holders are seeking scalable, stable income streams, and PaladinMining is emerging as the leading cloud mining solution. Its low-energy operations and transparent pricing have made it the preferred choice for crypto holders looking for long-term gains. Key Highlights of PaladinMining: $15 Sign-Up Bonus for new users Daily sign-in rewards of $0.60 of $0.60 No hardware or setup required — simply activate a mining contract and earn income every 24 hours — simply activate a mining contract and earn income every 24 hours Supports multiple cryptos for deposits/withdrawals including XRP, BTC, ETH, USDT, DOGE, SOL, and more for deposits/withdrawals including XRP, BTC, ETH, USDT, DOGE, SOL, and more Up to 3% + 2% referral commissions and bonuses up to $100,000 and bonuses up to $100,000 Clear and transparent fee structure – no hidden charges PaladinMining launches high-yield contracts: ⦁【New User Experience Contract】: Investment amount: $100, total net profit: $100 + $7.⦁【ETC Miner E9 Pro】: Investment amount: $1500, total net profit: $1500 + $180.⦁【Bitcoin Miner S21 Pro】: Investment amount: $4300, total net profit: $4300 + $1100.8.⦁【Bitcoin Miner S21 XP】: Investment amount: $7900, total net profit: $7900 + $3128.4.⦁【Bitcoin Miner S21 XP】: Investment amount: $12000, total net profit: $12000 + $7560. ⦁【Avalon Air Box-40ft】: Investment amount: $28,000, total net profit: $28,000 + $22,400. For example, investing $28,000 in the Avalon Air Box-40ft contract yields $448/day, resulting in $22,400 net profit over 50 days. Next-Level Mining with Zero Barriers By leveraging cloud technology and green energy sources, PaladinMining lowers the barrier to entry for mining while increasing daily returns. It's an opportunity for XRP holders and broader crypto investors to diversify their earnings during this new phase of market growth. PaladinMining's intuitive platform makes it ideal for both newcomers and experienced users looking to enter crypto mining without the complexity or capital expense of traditional methods. About PaladinMining PaladinMining is a leading cloud mining service provider committed to innovation, transparency, and user profitability. With top-tier infrastructure and global partnerships, the platform supports investors in achieving passive income from crypto with minimal risk and maximum efficiency. For more details, please visit the official website of the platform: Or contact the official email of the platform: [email protected] Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
27-05-2025
- Business
- Yahoo
Crypto kidnappings leave investors, executives on edge
A string of crypto kidnappings across Europe and the US have put executives and investors on edge. A brutal scene unfolded in New York City over the holiday weekend, when a Kentucky man was arrested and accused of torturing an Italian tourist to obtain access to his crypto wallet. Concerns have grown after hackers stole from Coinbase, the largest crypto exchange, the names, addresses, and account balances of some customers. 'This hack will lead to people dying,' TechCrunch founder and crypto investor Michael Arrington wrote on X. Kidnapping for crypto has become increasingly common in Europe, especially France. Masked assailants unsuccessfully attempted to kidnap the daughter of a prominent crypto executive off the streets of Paris this month, while the co-founder of Ledger, a widely used physical crypto wallet maker, was kidnapped alongside his wife and mutilated earlier this year. Both were committed in an effort to get millions in crypto ransom, according to French police, who arrested twenty individuals they believe were involved in the plots yesterday. Crypto enthusiasts blame rules that require companies to collect personal data in the first place. 'This issue is much bigger than crypto, and regulation is the actual thing to target,' investor Balaji Srinivasan wrote in response to Arrington's post. But kidnappings stemming from hacks of banks — which have to collect that same data — are vanishingly rare, suggesting that crypto's vulnerability lies in the untraceability (to a point) of payments and its usefulness in criminal enterprises. Crypto-related kidnappings make 'total sense' to criminals, a former US Marine and founder of the security firm Station70 told The New York Post: 'It's a lot easier – lower risk – and it's a much bigger payout than, say, robbing a bank or robbing a convenience store.'
Business Mayor
22-05-2025
- Business
- Business Mayor
Major crypto platform hit by ‘$400m' cyber attack with customers issued danger warning
The world's third-largest cryptocurrency exchange was hit with a cyber attack that could cost it $400million in reimbursement expenses. Coinbase revealed last week that it received a threatening email on May 11 claiming to have information on some customer accounts and company documents. The hackers managed to collect the sensitive data by paying several employees and contractors outside of the US. Coinbase said that all of the involved workers have been fired. Hackers stole customers' names, emails and addresses, but did not access their login information or passwords, according to Coinbase. Coinbase plans to reimburse all of its customers who were tricked into sending money to the actors. The total is estimated to be between $180million and $400million. On Monday, Coinbase's chief legal officer, Paul Grewal, said they notified the US Department of Justice and other international law enforcement agencies and 'welcome law enforcement's pursuit of criminal charges against these bad actors'. Coinbase has declined to pay the $20million ransom and is instead working with the law enforcement agencies and offering a $20million reward for information on the culprits. The hack happened days before Coinbase was expected to join the S&P 500 index. Arrington Capital and TechCrunch founder Michael Arrington said he is a longtime investor and champion of Coinbase, but is disappointed in the company using the 'cheapest option for customer service'. He opined that the breach 'will lead to people dying'. 'It probably has already. The human cost, denominated in misery, is much larger than the $400m or so they think it will actually cost the company to reimburse people,' wrote Arrington on X (formerly Twitter) on Monday. 'The consequences to companies who do not adequately protect their customer information should include, without limitation, prison time for executives.' It happened only a few months after North Korean hackers executed what is considered the biggest crypto heist in history, stealing $1.5billion inEthereum tokens from ByBit. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: Trump's favorite food and desserts revealed on Take Your Child to Work Day MORE: Urgent recall issued for popular ice cream brand over plastic contamination fears MORE: Family 'find wrong man in loved one's casket wearing his suit' Stay on top of the headlines with daily email updates. READ SOURCE
Yahoo
20-05-2025
- Business
- Yahoo
TechCrunch founder has a shocking warning about Coinbase data leak
Coinbase (Nasdaq: COIN), the largest crypto exchange in the U.S., suffered a data leak involving sensitive customer data on May 15. The leaked data included names, birth dates, email addresses, and home addresses of a number of customers. Though no passwords or private keys got exposed, the leak has raised concerns about the safety of Coinbase users. The latest to voice this concern is Michael Arrington, the founder of the tech-focused news website TechCrunch. Arrington alarmingly claimed on X this data hack "will lead to people dying." The human cost of such an incident is much larger than the $400 million in reimbursement that Coinbase might pay to affected customers, he said. He added that for companies not adequately protecting customer information, executives should face prison time. The TechCrunch founder also took aim at Coinbase for using "the cheapest option for customer service," the cost of which its customers will bear, he said. "Very disappointed in Coinbase right now." While Arrington's words might sound harsh, his warning comes in the wake of several violent crimes targeting crypto industry leaders. Note that the crypto wallet Ledger co-founder, David Balland, and his wife, Amandine Balland, were abducted from their Paris home in January. The kidnappers allegedly mutilated David's one finger to intimidate a Ledger executive into giving in to the ransom demand. The police, however, successfully rescued the couple. Several other such crimes have also taken place recently. Even the financial costs of crypto crimes are enormous. Chainalysis reported on Jan. 15 that illicit actors received $40.9 billion in crypto in 2024, though the total amount may inch closer to $51 billion. Arrington called on both governments and corporations to step up to stop such incidents.
