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Stabull.Finance and Holochain Partner to Decentralize FX and Commodities Trading

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Childhood photo of Elon Musk with Maye and Kimbal. Source: Observer

University photo of Musk at Penn. Source: Tatler

Tesla CEO Elon Musk dances at the official opening of Tesla’s Berlin-Brandenburg Gigafactory. Source: Christian Marquardt | Pool | Getty Images

How tall is Elon Musk? Discover Elon Musk’s height, background, net worth, family, and more in this comprehensive 2025 profile.

Articles delving into cryptocurrency related topics. In order to explain them to readers.

Explained

How Tall Is Elon Musk? His Height, Family & Net Worth. Source: Chip Somodevilla/Pool/Reuters

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How Tall Is Elon Musk: His Height, Family & Net Worth

SEC Commissioner Caroline Crenshaw criticized the SEC’s settlement with Ripple, and warned that it undermines regulatory authority and could create a “regulatory vacuum.”

Discover the latest news and insights on the world of cryptocurrency with Coinpaper.com. Stay up-to-date on the latest trends and developments in the crypto space.

Crypto

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SEC Commissioner Slams Ripple Settlement as a Blow to Enforcement

On December 9, 2024, PEPE set its last ATH for the time being. Source: CoinGecko

The number of active PEPE addresses over time. Source: Santiment

PEPE price forecast and buy/sell volumes. Source: Nansen

PEPE whale balances in December 2024. Source: Nansen

Explore Pepe Coin's price predictions for 2025, analyzing key trends and insights to guide your investment decisions.

Get relevant information about less popular cryptocurrency projects.

Altcoins

Pepe Price Prediction 2025 – Can PEPE Hit New Highs? Source: Shutterstock

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Pepe Price Prediction 2025 – Can PEPE Hit New Highs?

U.S. prosecutors allege Roman Storm laundered money and violated sanctions via Tornado Cash, as legal debates over crypto mixer regulations intensify.

Stay up-to-date with the latest legal developments in the world of cryptocurrency. Find out how regulations impact the industry on Coinpaper.com.

Legal

Tornado Cash Developer Roman Storm Faces Charges in the U.S. Source: Shutterstock

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Tornado Cash Developer Roman Storm Faces Charges in the U.S.

Nearly 90% of financial institutions are adopting stablecoins for payments, cross-border transactions, and digital transformation, reshaping global finance.

Markets

Fireblocks: 90% of Financial Institutions Bet on Stablecoins. Source: Shutterstock

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Fireblocks: 90% of Financial Institutions Bet on Stablecoins

Major cyber incidents this week: malware in printer drivers, $263M crypto fraud arrests, Dior data breach, Telegram casino bot crackdown, and more.

Security

A Printer’s Secret, Dior Gets Hacked, and More Cybersecurity News. Source: Shutterstock

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A Printer’s Secret, Dior Gets Hacked, and More Cybersecurity News

Stay up-to-date with the latest news and developments in the world of crypto business. From startups to established companies, Coinpaper.com has you covered.

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Discover the latest news from the Optimism ecosystem. Optimism is a Layer 2 Ethereum scaling solution that can support all Ethereum dapps. Optimism delivers all transaction data on-chain and executes computations off-chain rather than conducting all calculations and data on the Ethereum network. This increases his transactions per second on Ethereum and lowers transaction costs.

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Explore the latest news on Shiba Inu (SHIB), the meme-inspired cryptocurrency making waves in the crypto world. Learn about its price history, factors influencing its value, adoption trends, and utility. Stay updated with expert predictions, recent market trends, and insights from investors. Discover how SHIB is gaining traction among retailers and its impact on the broader cryptocurrency landscape.

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Confidently enter the world of cryptocurrency trading with Coinpaper. Our comprehensive resources equip you with the knowledge and skills you need to make informed decisions.

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Get the inside scoop on the latest crypto projects, games, and services with Coinpaper's in-depth reviews. Our expert writers provide unbiased analysis and real user insights to help you make informed decisions.

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Here you can find out about the most interesting events for cryptocurrency fans and developers.

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The US Department of Justice intends to bring criminal charges against the developer and co-founder of the cryptocurrency mixer 

 to launder money, circumvent U.S. sanctions, and conduct an unlicensed money transfer business through Tornado Cash.

The trial is set to begin in less than two months. Recent court documents show that prosecutors have agreed to drop the portion of the charge related to operating a money-transfer business without a license, acknowledging inconsistencies with federal regulations.

In 2019, FinCEN clarified that "non-custodial entities" such as Tornado Cash are not classified as money transfer operators.

The proceedings against Storm continue despite an internal service memo circulated last month about the DOJ changing its approach to handling cases involving cryptocurrency mixing services. It indicated that the agency would focus on prosecuting individuals who use crypto tools for criminal purposes, rather than prosecuting the platforms themselves.

Tornado Cash co-founder Alexey Pertsev was sentenced to more than five years in prison in May 2022 for laundering $1.2 billion through a mixer, but 

 to electronic monitoring in February 2025 pending appeal.

Tornado Cash found itself under OFAC sanctions in August 2022 due to its role in money laundering. According to the U.S. authorities, since the creation of the service, attackers have 

 more than $7 billion through it. Tornado Cash was used in particular by the North Korean group Lazarus.

Recall that on January 21, 2025, the U.S. Court of Appeals for the Fifth Circuit revoked the sanctions due to "abuse of authority" by OFAC and sent the case to the U.S. District Court for the Western District of Texas for further proceedings.

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The vast majority of financial institutions are already using or planning to integrate 

 into their operations. According to a report by digital asset platform Fireblocks, exactly 90% of organizations surveyed are actively working with these tools or preparing to integrate them.

The study surveyed 295 executives from traditional banks, financial institutions, fintech companies, and payment gateways. Nearly half of respondents (49%) are already using stablecoins to make payments, 23% are pilot testing, and 18% are in the planning stages. Only one in ten survey participants has not yet decided on an implementation.

Banks Are Betting on Cross-Border Payments

Traditional cross-border systems suffer from high costs, delays, and other inefficiencies. In this context, stablecoins are becoming a strategic solution, especially in the business environment of emerging markets.

According to the report, financial institutions, especially traditional banks, are prioritizing cross-border payments as a key area for the use of stablecoins. Banks are using these tools to gain a competitive advantage, reduce friction, and meet customer expectations.

The study found that 58% of traditional banks use stablecoins for cross-border payments, while 28% accept payments with them. To optimize liquidity, 12% of banks use these instruments, 9% use them for merchant payments, and another 9% use them for B2B invoicing.

Fireblocks notes that banks see stablecoins as a "path to modernization." Because these assets are tied to fiat currencies, they are easier to integrate into existing treasury processes. In addition, stablecoins provide an opportunity to regain market share from fintech companies and reduce capital lock-in.

Speed Is the Main Advantage of Stablecoins

Survey results show that banks are using stablecoins to rebuild cross-border transaction volumes while maintaining existing infrastructure. Fintech companies and payment gateways are using digital assets to increase margins and revenues.

Among the benefits mentioned by survey participants, the most common was faster settlement, noted by 48% of respondents. Other benefits include greater transparency, improved liquidity management, integrated payment flows, enhanced security, and lower transaction costs.

According to Ran Goldi, senior vice president of payments and network at Fireblocks, the adoption of stablecoins has moved beyond simple cost savings and is now seen as a strategic growth driver.

The executive said the main motivators are entering new markets, responding to direct customer demand, and opening up new revenue opportunities. "Stablecoins have become an engine of business innovation, not just a tool to increase efficiency," he added.

Fireblocks' massive survey demonstrates that stablecoins have evolved from a niche financial instrument to a strategic solution for traditional institutions. The survey results clearly show that the financial sector is actively transforming, mastering digital technologies to improve efficiency and competitiveness.

Regulatory Landscape Shapes Stablecoin Adoption

As stablecoins become more widely used by financial institutions, the regulatory environment is playing an increasingly significant role in shaping adoption strategies. Around the world, governments and financial regulators are working to establish clear guidelines for the issuance, management, and use of stablecoins. The aim is to ensure consumer protection, prevent illicit activities, and maintain financial system stability.

Many executives surveyed by Fireblocks cited regulatory clarity as a key factor influencing their decision to adopt stablecoins. In regions where comprehensive regulations are in place or forthcoming, institutions report greater confidence in integrating these digital assets into their operations. Conversely, uncertainty or restrictive policies can slow down innovation and delay implementation.

the European Union’s Markets in Crypto-Assets

 (MiCA) regulation, set to come into effect in 2025, is expected to provide a robust framework for stablecoin issuers and users. In the United States, ongoing discussions around stablecoin legislation are closely watched by banks and fintech companies alike.

Industry experts agree that collaboration between regulators and the private sector will be essential to unlocking the full potential of stablecoins. By establishing transparent rules and fostering innovation, regulators can help financial institutions leverage stablecoins to drive efficiency, enhance customer experiences, and support the digital transformation of the global financial system.

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We’ve gathered the most important cybersecurity news of the week.

Procolored printer drivers were found to contain cryptocurrency-stealing malware.

Twelve people have been arrested in the US, accused of running a $263 million cryptocurrency fraud scheme.

Dior has confirmed a cyberattack and data breach.

Telegram has removed casino bots from its platform.

Procolored printer drivers contained a cryptocurrency stealer

For at least six months, the official software shipped with Procolored printers included a remote access trojan and a cryptocurrency stealer. This was first pointed out by YouTube blogger Serial Hobbyism.

After installing the drivers for the Procolored V11 Pro UV printer, the user detected the Floxif USB worm on their computer using antivirus software.

Third-party experts helped the blogger discover that at least six printer models (F8, F13, F13 Pro, V6, V11 Pro, and VF13 Pro), whose associated software was hosted on the Mega file-sharing platform, contained the XRedRAT trojan and the SnipVex clipper. The latter infects .exe files and replaces Bitcoin addresses in the clipboard.

The address SnipVex is using to drain the stolen cryptocurrency has received about 9,308 BTC (~$1 million at the time of the report).

The malicious software packages have already been removed, and an internal investigation has been launched.

The U.S. has arrested 12 defendants accused of cryptocurrency fraud totaling $263 million.

US authorities have charged 12 individuals in a cybercrime conspiracy to commit extortion, fraud, and money laundering that netted them more than $263 million.

According to the DOJ, from October 2023 through March 2025, the group of U.S. and foreign nationals engaged in database hacking, phishing, and apartment burglaries to steal cryptocurrency hardware wallets.

The criminal proceeds were spent on nightclubs, private jet rentals, security guards, and sports cars worth up to $3.8 million.

$9 million was spent on exotic cars alone, with another $4 million spent on parties.

Part of the scheme was uncovered with the help of crypto detective ZachXBT, who in August 2024 traced the theft of nearly 4,100 BTC from an early crypto investor.

Dior confirms cyberattack and data breach

French luxury brand Dior reported a cybersecurity incident that was discovered on May 7, in which unidentified individuals gained unauthorized access to partial customer information.

The affected data includes names, gender, phone numbers, emails, addresses, purchase history, and preferences.

The company assured that the database did not contain account passwords or financial information, including bank details, card details, or IBANs.

Steps have been taken to limit the breach, and an investigation with cybersecurity experts is underway.

The Personal Data Protection Commission and affected customers have been notified of the situation.

The number of those affected and their regions of residence have not been disclosed.

Telegram has removed the largest gambling project on the platform, @CasinoBot. A number of other major projects with audiences in the millions were also targeted in the large-scale sweep, according to 'Durov's Code.'

The messenger had previously blocked keywords such as 'casino,' 'freespin,' and others in searches, depriving such projects of organic traffic.

Telegram is allegedly stepping up content moderation amid rumors of a probable IPO to minimize possible regulatory claims.

Alleged BlackDB admin extradited to the US from Kosovo

Liridon Mazurica, a 33-year-old citizen of Kosovo, was extradited to the United States on charges of running the cybercrime marketplace BlackDB, which has been operating since 2018, according to the Ministry of Justice.

According to the prosecution, the defendant was the lead administrator of the platform that sold compromised accounts, server data, stolen credit card numbers, and personal information about individuals, most of whom are U.S. citizens.

The first court hearing has already taken place. The defendant was charged with five counts of fraudulent use of unauthorized access devices and one count of conspiracy to commit fraud. He faces up to 55 years in prison.

In turn, a 45-year-old "foreign national" suspected of using the DoppelPaymer ransomware virus has been arrested in Moldova.

Authorities believe the individual was behind a series of cyberattacks on Dutch organizations in 2021. One of the victims was NWO, which suffered damages of around €4.5 million.

An e-wallet, €84,800, two laptops, a cell phone, a tablet, six bank cards, and several data storage devices were seized from the individual. He remains in custody and awaits extradition to the Netherlands.

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Elon Musk is one of the most recognizable and controversial figures of the 21st century. He’s a billionaire entrepreneur, a self-styled engineer, a meme lord, and a cultural force who influences everything from electric cars to cryptocurrency. 

But behind the headlines, people want to know: how tall is Elon Musk? What is his net worth in 2025? Who are his children and partners? Where does he live, and what’s his background? 

This comprehensive article explores Musk’s journey-from his early days in South Africa to his current status as a global icon-while answering the web’s most-searched questions about him.

Early Years: Roots, Childhood, and Education

Elon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa. His mother, Maye Musk, is a Canadian-born model and dietitian, while his father, Errol Musk, is a South African electromechanical engineer, pilot, and property developer. 

Elon grew up in a family that was both affluent and intellectually stimulating-his father owned shares in an emerald mine, and his mother was a successful model who graced magazine covers even into her 70s.

Elon was a voracious reader and a shy, introverted child who found solace in books and computers. At age 10, he taught himself computer programming and created a video game called Blastar, which he sold for about $500-a sign of his entrepreneurial spirit even then.

He attended Waterkloof House Preparatory School and Pretoria Boys High School. Despite being bullied, Musk excelled academically and was fascinated by science fiction and technology.

At 17, Musk left South Africa for Canada, partly to avoid mandatory military service under apartheid and partly to pursue greater opportunities. He enrolled at Queen’s University in Ontario, where he met his first wife, Justine Wilson. After two years, he transferred to the University of Pennsylvania, earning dual degrees in physics and economics.

Building an Empire: Zip2, PayPal, and the First Fortune

After briefly attending Stanford for a Ph.D. in applied physics, Musk dropped out after two days, convinced that the internet boom was a once-in-a-lifetime opportunity.

In 1996, Musk co-founded Zip2 with his brother Kimbal. The company provided business directories and maps for newspapers, eventually selling to Compaq for $307 million in 1999. Elon received $22 million from the sale.

Musk then founded X.com, an online payments company. After merging with Confinity, it became PayPal. Musk’s vision was to disrupt traditional banking and make payments frictionless. He was ousted as CEO but remained the largest shareholder. When eBay acquired PayPal for $1.5 billion in 2002, Musk took home $180 million.

The Middle Years: SpaceX, Tesla, and the Rise to Global Fame

With his PayPal windfall, Musk founded Space Exploration Technologies Corp. (SpaceX) in 2002, aiming to make space travel affordable and enable human colonization of Mars. The company’s early years were fraught with failures-three failed rocket launches nearly bankrupted Musk. But in 2008, SpaceX became the first private company to send a rocket into Earth orbit, and soon after, NASA awarded it a $1.6 billion contract

SpaceX has since achieved historic milestones: launching reusable rockets, docking with the International Space Station, and developing the Starship rocket for Mars missions. In 2020, SpaceX became the first private company to send astronauts into orbit. The company’s Starlink satellite network now connects millions globally, and in 2024, NASA awarded SpaceX a major contract to deorbit the ISS.

In 2004, Musk invested in Tesla Motors, becoming chairman and later CEO. Under his leadership, Tesla transformed from a niche startup to the world’s most valuable automaker. Musk’s vision was to accelerate the world’s transition to sustainable energy, and he oversaw the development of the Roadster, Model S, Model 3, Model X, and Model Y, as well as solar energy products and Gigafactories

Tesla’s Model 3 became the world’s best-selling electric car, and the company’s innovations in battery technology and self-driving software set industry standards. Tesla’s Powerwall and solar products also pioneered the integration of sustainable energy for homes and businesses

Other Ventures: Neuralink, The Boring Company, and xAI

Musk’s ambitions extend far beyond cars and rockets. He founded Neuralink to develop brain-computer interfaces, aiming to merge human consciousness with artificial intelligence. The Boring Company was launched to build underground tunnels for urban transportation, and xAI was founded to compete with OpenAI in the field of artificial intelligence

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