The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Upper Saddle River, NJ — The FBI has issued an updated Public Service Advisory (PSA) warning residents, including those in Upper Saddle River and Bergen County, about fictitious law firms targeting cryptocurrency scam victims. The schemes are becoming increasingly sophisticated, preying on individuals — especially the elderly — who have already lost money in prior scams.
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NEW YORK — Cryptocurrency entrepreneur Kwon Do-hyung, widely known as Do Kwon, has pleaded guilty to federal conspiracy and wire fraud charges, marking a dramatic turn in one of the largest collapses in digital asset history.
Continue reading Crypto Founder Do Kwon Pleads Guilty to $40B Fraud, Faces Up to 12 Years in Prison
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Wall Street NY, the global crypto market cap has officially surpassed $4 trillion, driven by unprecedented investor confidence following the passage of two landmark U.S. crypto bills — the GENIUS Act and the CLARITY Act. Dubbed “Crypto Week” on Capitol Hill, these legislative milestones are reshaping the future of digital assets in America and beyond.
Continue reading Crypto Market Cap Surpasses $4 Trillion as U.S. Passes Historic Stablecoin Bill
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Seoul South Korea, South Korea is making a bold move into digital finance. Under the leadership of newly elected President Lee Jae-myung, the Korean government has announced plans to legalize and promote stablecoin backed by the Korean won (KRW), signaling a major shift in the nation’s monetary and blockchain strategy.
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Ridgewood NJ, alarming headlines continue to raise fears of a quantum computing apocalypse—one where future quantum computers could crack the cryptographic codes that protect everything from bank accounts to Wi-Fi networks and bitcoin wallets. A recent study suggests it may take 20 times fewer qubits to break encryption like RSA than previously believed, but experts urge caution: the end of cryptographic security isn’t imminent.
Cash isn’t king anymore for many people in Ridgewood. Traditional banks, with their maintenance fees, paperwork, and limited returns, are no longer the automatic go-to. A growing number of residents are opting to store and move their money in the form of cryptocurrency, citing speed, control, and potential profits as primary drivers behind the shift.
Continue reading Why Some Ridgewood Residents Are Choosing Crypto Over Banks
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Hackensack NJ, in a groundbreaking move for government innovation and real estate modernization, Bergen County has entered a five-year agreement with blockchain land records platform Balcony to tokenize approximately 370,000 property deeds, representing a staggering $240 billion in real estate value. Powered by the Avalanche blockchain, this initiative marks the largest blockchain-based deed tokenization project in U.S. history.
It makes perfect sense to clarify “What is BTC?” when discussing cryptocurrencies.
Bitcoin (BTC) is a decentralized digital currency that enables peer-to-peer transactions without any intermediaries. It operates on a public ledger, a blockchain.
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Wall Street NY, a Manhattan cryptocurrency investor has been arrested for allegedly kidnapping and torturing a man over a two-week period in a brutal attempt to steal his Bitcoin, according to the Manhattan District Attorney’s Office.
Continue reading SoHo Crypto Investor Accused of Kidnapping and Torturing Man to Steal Bitcoin
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Ridgewood NJ, Bitcoin has reached a new all-time high, surging past the $110,000 mark on May 22, 2025 — a historic date known as Bitcoin Pizza Day. The leading cryptocurrency rose by over 4% in the last 24 hours, trading at $111,489 with a 77% increase in trade volume, according to CoinMarketCap.
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Hackensack NJ, Carlos Iván Merino, Executive Director of the New Jersey Innovation & Technology Alliance (NJITA), recently traveled to Washington, D.C., as part of a national effort to advocate for regulatory clarity on blockchain and digital assets. During his fly-in visit, Merino met with key lawmakers from New Jersey and New York to emphasize the need for clear federal rules to support Web3 innovation.
Continue reading NJITA Executive Director Advocates for Clear Blockchain Regulations on Capitol Hill
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New York NY, JPMorgan Chase is taking a significant step into the world of cryptocurrency by allowing clients to invest in Bitcoin, marking a notable shift for the largest U.S. bank. The announcement came during the bank’s annual investor day on Monday, despite CEO Jamie Dimon’s longstanding and vocal criticism of Bitcoin and the broader crypto market.
Historic moment! In April this year, the first 2x leveraged XRP ETF in the United States was listed on NYSE Arca, bringing unprecedented high-yield opportunities to short-term investors.As XRP price volatility intensifies, more and more investors turn to stable and low-threshold cloud mining to lock in profits – Bow Miner cloud mining platform is becoming the first choice for smart investors around the world! Compared with complex futures ETF operations, Bow Miner provides a simpler and more stable way to increase wealth, allowing you to easily achieve up to $35,700 in daily income!
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Ridgewood NJ, Crypto giant Coinbase has confirmed a serious data breach caused by cybercriminals bribing overseas support contractors, exposing sensitive customer data in an incident that could cost the company up to $400 million in remediation efforts.
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Washington DC, in a significant blow to both the cryptocurrency industry and a top legislative priority of former President Donald Trump, Senate Democrats have voted to block a bill to regulate stablecoins, halting momentum on a bipartisan push to bring clarity to the fast-growing digital asset sector.
