Wraps – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Tue, 05 Aug 2025 18:31:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Wraps – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Seized Bitcoin Nets UK Cops $665,000 After 2017 Theft Case Wraps Up https://earlybirdsinvest.com/seized-bitcoin-nets-uk-cops-665000-after-2017-theft-case-wraps-up/ https://earlybirdsinvest.com/seized-bitcoin-nets-uk-cops-665000-after-2017-theft-case-wraps-up/#respond Tue, 05 Aug 2025 18:31:43 +0000 https://earlybirdsinvest.com/seized-bitcoin-nets-uk-cops-665000-after-2017-theft-case-wraps-up/

Lancashire police are set to receive around $665,000 after selling Bitcoin that was taken during a theft case from several years ago, according to an August 4 report.

The case began in December 2017, when officers looked into reports of stolen money.

The investigation showed that the stolen funds had been turned into Bitcoin
BTC


$113,301.25

, just as the cryptocurrency was reaching $20,000 for the first time.

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By the time the authorities froze the wallets holding the Bitcoin, its value had gone up sharply. This increase made it possible for the victim to be fully repaid. However, under UK law, compensation cannot be more than the original amount lost.

After the Bitcoin was sold and the victim reimbursed, about £1 million (roughly $1.3 million) remained. The police force will receive half of this surplus, £500,000, while the other half will go to the UK government.

This extra money will be added to a fund used for projects that aim to reduce crime. Past uses of the fund have included buying drones, paying for technology that blocks spam calls, and supporting local efforts to deal with antisocial behavior.

Detective Sergeant David Wainwright from Lancashire’s Economic Crime Unit said:

This is a great result for the people of Lancashire, and hopefully the first of many future uses of this new legislation.

Meanwhile, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a warning about the growing use of crypto kiosks in scams. What did it say? Read the full story.

]]> https://earlybirdsinvest.com/seized-bitcoin-nets-uk-cops-665000-after-2017-theft-case-wraps-up/feed/ 0 51639 BitDegree Wraps Up Season 7, Starts Distributing $30K to Over 8,000 Participants https://earlybirdsinvest.com/bitdegree-wraps-up-season-7-starts-distributing-30k-to-over-8000-participants/ https://earlybirdsinvest.com/bitdegree-wraps-up-season-7-starts-distributing-30k-to-over-8000-participants/#respond Wed, 14 May 2025 07:57:22 +0000 https://earlybirdsinvest.com/bitdegree-wraps-up-season-7-starts-distributing-30k-to-over-8000-participants/

BitDegree’s Season 7 Airdrop campaign has officially ended, and the $30,000 prize pool started being distributed to over 8,000 eligible participants.

Payouts began on May 12, following a months-long leaderboard competition based on how many Bits users earned.

All users who passed the 10,000 Bits threshold qualified for the Airdrop. Altogether, participants collected over 260 million Bits – a new record for the platform.

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For many, this Airdrop marked their very first step into crypto, which aligns with BitDegree’s focus on onboarding beginners to Web3.

Alongside the main prize pool, BitDegree also ran four micro airdrops sponsored by BYDFi, Uphold, dYdX, and dFusion AI. These campaigns rewarded $4,000 in USDC
USDC


$0.9988

to the top gainers, with the rewards split into three tiers: 12 users received 100 USDC, 40 received 50 USDC, and 80 got 10 USDC.

To rank among the top earners, users had to earn Bits—in-game points that track a user’s learning progress and increase their Degree. A higher Degree also improves the chances of winning in Lucky Draws, which are built into individual Missions.

Therefore, while the $30K pool was the main prize, during the last few months, users also earned additional rewards through micro airdrops and Missions. Given the overwhelming participation, Season 7 stands out as one of BitDegree’s most rewarding events so far.

Although Season 7 is over, new Missions are still launching. One of the latest, focused on BingX, gives users the chance to earn a welcome bonus of over 3,000 USDT
USDT


$0.9983

.

]]> https://earlybirdsinvest.com/bitdegree-wraps-up-season-7-starts-distributing-30k-to-over-8000-participants/feed/ 0 36140 TOKEN2049 Dubai Wraps Up with Major Announcements, Eric Trump Steals the Spotlight https://earlybirdsinvest.com/token2049-dubai-wraps-up-with-major-announcements-eric-trump-steals-the-spotlight/ https://earlybirdsinvest.com/token2049-dubai-wraps-up-with-major-announcements-eric-trump-steals-the-spotlight/#respond Thu, 01 May 2025 22:58:52 +0000 https://earlybirdsinvest.com/token2049-dubai-wraps-up-with-major-announcements-eric-trump-steals-the-spotlight/ As TOKEN2049 Dubai came to a close under the golden domes of Madinat Jumeirah, it was clear that the global Web3 community had just witnessed more than a conference — it was a convergence of ambition, innovation, and momentum.

With over 15,000 attendees packing the venue across two days, the final day delivered a flurry of high-impact reveals, bullish sentiment, and a few headline-grabbing moments that will ripple across the blockchain industry in the months to come.

USD1 Becomes the Star Stablecoin of the Show

One of the standout moments unfolded on the OKX stage, where World Liberty Financial (WLF) announced a native integration of its USD1 stablecoin on TRON. Executive VP and Co-Founder Zach Witkoff didn’t hold back — confirming that the minting process will kick off with hundreds of millions and scale to billions in market cap “in the near future.”

But that wasn’t the end of it. Witkoff also revealed that USD1 will be used to close MGX’s $2 billion investment in Binance, marking the first-ever institutional Binance investment conducted entirely in a stablecoin. It’s a watershed moment — not just for stablecoins, but for how major deals might be executed in the future.

Eric Trump’s Fiery Critique of Global Finance

Eric Trump, Executive Vice President of the Trump Organization, delivered a fiery indictment of the global financial system, calling it “broken,” outdated, and rigged against the average person. Speaking alongside industry giants like World Liberty Financial’s Zach Witkoff and Tron’s Justin Sun, Trump shared personal experiences of political backlash that pushed him toward the world of crypto.

“It works really well for, you know, maybe the top 1% or the top 0.1%, but it doesn’t work for the rest of the world,” Trump said, reflecting on how his family’s political involvement revealed the fragility and weaponization of traditional systems. “The second you start saying something that goes against the system, they’ll cancel you, ostracize you, and come after you.”

Mesh Brings Crypto to Checkout With Apple Pay

Another strong play came from Mesh, which introduced an Apple Pay integration enabling crypto-to-stablecoin payments for retail and e-commerce checkouts. Built on its proprietary SmartFunding tech, the move effectively removes the last-mile barrier for crypto users who want seamless, real-world utility — spend crypto, merchants get stablecoins.

Launching later in Q2, this comes hot on the heels of Mesh’s $82M Series B led by Paradigm, and could prove pivotal in nudging crypto closer to mainstream adoption.

Pipe Network Levels Up With PipeQuest Launch

In the world of decentralized infrastructure, Pipe Foundation rolled out PipeQuest, a gamified incentive program for its upcoming Pipe Network — a decentralized CDN built on Solana. Season 1 kicks off on May 5, 2025, and will focus on ramping up node performance, community participation, and demand-side traction.

Think of it as the Web3 version of a boot camp — with each week-long season preparing the network for its anticipated mainnet launch this summer.

Emad Mostaque Debuts Open-Source Medical AI Model

On the AI x crypto frontier, Emad Mostaque — founder of Intelligent Internet and former CEO of Stability AI — took the stage to unveil the II-Medical-7B-Preview, a medical reasoning model trained with curated data and DAPO (Data & Policy Optimization).

Paired with the launch of a whitepaper waitlist, this marks a bold move toward open-source healthcare AI, a vision rooted in equitable access and decentralized intelligence.

Culture, Conversations, and Crypto in the Desert

Beyond the announcements, TOKEN2049 Dubai served as a bustling meeting ground for founders, VCs, creators, and curious newcomers alike. From Eric Trump’s appearance and thoughts on digital sovereignty to candid conversations in the event hall corridors, the energy was palpable.

As the sun set over Dubai and the final panels wrapped, attendees left not just with media kits and merch — but with a renewed sense of what’s possible in Web3.

The post TOKEN2049 Dubai Wraps Up with Major Announcements, Eric Trump Steals the Spotlight appeared first on Cryptonews.

]]> https://earlybirdsinvest.com/token2049-dubai-wraps-up-with-major-announcements-eric-trump-steals-the-spotlight/feed/ 0 33890 Robinhood’s Crypto Unit Cleared as US SEC Wraps Up Investigation Without Action https://earlybirdsinvest.com/robinhoods-crypto-unit-cleared-as-us-sec-wraps-up-investigation-without-action/ https://earlybirdsinvest.com/robinhoods-crypto-unit-cleared-as-us-sec-wraps-up-investigation-without-action/#respond Wed, 26 Feb 2025 03:19:47 +0000 https://earlybirdsinvest.com/robinhoods-crypto-unit-cleared-as-us-sec-wraps-up-investigation-without-action/

The cryptocurrency unit of the American financial services company Robinhood is now in the clear as the Securities and Exchange Commission (SEC) has closed its investigation into the business.

According to a blog post by Robinhood, the SEC revealed in a letter dated February 21 that it had wrapped up its investigation into the firm’s crypto operations and did not intend to bring any enforcement action against the company.

SEC Closes Investigation Against Robinhood

Recall that the SEC hit Robinhood with a Wells Notice in May 2024, indicating a threat of legal action over the firm’s alleged securities violations.

CryptoPotato reported that Robinhood had allegedly violated Sections 15(a) and 17A of the Securities Exchange Act of 1934, which prohibited the company from inducing the sale of securities unless registered with the SEC and defrauding customers of their money through material omissions or misstatements.

Possible remedies for the charges, if filed, included disgorgement, civil money penalties, a cease-and-desist order, and limitations on activities. The Wells Notice came 15 months after the SEC sent an investigative subpoena to Robinhood regarding its crypto operations.

While responding to the agency’s actions last year, Robinhood said it was disappointed because it had made attempts to register its business and comply with the agency’s regulations. Regardless, the company insisted that the SEC’s case was weak because the assets on its platform were not securities.

In the recent blog post announcing the Commission’s latest decision, Robinhood maintained that it had made difficult choices to delist certain assets classified as securities under the former SEC chair Gary Gensler, even though it disagreed with the argument that most crypto transactions were subject to federal securities laws.

Robinhood Maintains Innocence

Nevertheless, the company acknowledged the transition from a period of regulation by enforcement to a time of “regulation by regulation.” Crypto market participants will be provided with a clear regulatory framework, as promised by President Donald Trump during his election campaign.

“We applaud the staff’s decision to close this investigation with no action. Let me be crystal clear—this investigation never should have been opened. Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities,” Robinhood’s chief legal officer Dan Gallagher said, adding “As we explained to the SEC, any case against Robinhood Crypto would have failed.”

Meanwhile, Robinhood is not the only crypto company getting pardoned by the SEC. The securities agency has paused its lawsuit against the crypto exchange Binance and intends to withdraw a similar case against the trading platform Coinbase.

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