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Bybit Rallies to Support Flood-Stricken Communities in Spain: A Commitment to Recovery
17.11.2024
Bybit has announced its commitment to assist communities affected by the catastrophic floods in Valencia and other regions of Spain, which have resulted in over 200 fatalities, thousands of displaced individuals, and extensive infrastructure damage. In partnership with the local non-profit...
Crypto.com Expands Offerings With Acquisition in Australia
17.11.2024
Crypto.com has announced its acquisition of Fintek Securities Pty Ltd., a brokerage firm with an Australian Financial Services Licence regulated by the Australian Securities and Investments Commission. This move allows Crypto.com to broaden its financial product offerings, including derivatives...
DOJ’s Crypto Enforcement Cracks Down on $73M Laundering Scheme
17.11.2024
The U.S. Department of Justice (DOJ) announced Tuesday that Daren Li, a dual citizen of China and St. Kitts and Nevis, has pleaded guilty to conspiracy to commit money laundering, admitting to laundering over $73 million from cryptocurrency investment scams. Li, 41, operated through a network...
Hong Kong Exposes Crypto Firms Misrepresenting as Licensed Banks
16.11.2024
The Hong Kong Monetary Authority (HKMA) has issued a warning about the misuse of the term “bank” by overseas crypto firms operating in Hong Kong, cautioning the public to verify the legitimacy of such claims. The HKMA observed that two crypto firms, which are not licensed banks in Hong Kong...
Russia’s Massive Leap: Digital Financial Market Eyes Trillion-Ruble Milestone
16.11.2024
Russia’s issuance of digital financial assets could reach 10 trillion rubles (approximately $101.36 billion) by 2026, according to Sberbank Deputy Chairman Anatoly Popov. Speaking in Moscow, Popov noted that the current market volume for digital financial assets in Russia has already surpassed half...
Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice
16.11.2024
A Norwegian expert committee advising lawmakers has recommended no immediate need to adopt a central bank digital currency (CBDC). Despite the declining use of cash, which dropped to just 2% of transactions at physical points of sale during the pandemic, the committee emphasized cash’s importance...
JPMorgan CEO Excluded From Trump’s Visionary Administration
16.11.2024
U.S. President-elect Donald Trump has announced that JPMorgan Chase CEO Jamie Dimon, a vocal crypto critic, will not be invited to join his administration. Trump wrote on his social media platform Truth Social on Thursday: “I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not...
Prosecutors Ease Off: Crypto Crimes Lose Spotlight in Manhattan
16.11.2024
The U.S. Attorney’s Office in Manhattan will scale back its focus on cryptocurrency crimes after securing high-profile convictions, including FTX founder Sam Bankman-Fried (SBF), according to Scott Hartman, co-chief of the securities and commodities task force at the Southern District of...
Mountain Protocol Brings Yield-Generating Stablecoin Products to El Dorado
15.11.2024
Mountain Protocol, a yield-bearing stablecoin project, has partnered with the P2P exchange El Dorado to bring yield savings products to Latin American customers. Both organizations have teamed up to offer up to 4.5% APY for El Dorado Earn customers. The initiative receives USDT and automatically...
India Urged to Embrace Bitcoin as Strategic Reserve Asset Amid Global Unrest
15.11.2024
Investment firm Bernstein has urged India to recognize bitcoin as a strategic reserve asset, highlighting its potential as “digital gold” amid global financial risks like inflation, U.S. debt, and geopolitical instability. Bernstein argues that India’s current focus on central...
UK Crypto Rules Poised to Shift as Trump’s US Policy Gains Momentum
15.11.2024
The UK government reportedly plans to unveil new cryptocurrency regulations this month, aiming to bolster the UK’s position as a global crypto hub amid increasing competition from the U.S., where recent policy shifts under Donald Trump favor the industry. The UK Treasury’s proposed...
Coinbase Acquires Utopia Labs Team to Accelerate Onchain Payments
14.11.2024
Coinbase is enhancing its onchain payments capabilities with the acquisition of the Utopia Labs team, which will join Base to advance the onchain payments roadmap within Coinbase Wallet. Jesse Pollak, who is stepping up to lead both Coinbase Wallet and Base, highlighted the synergy between the...
World Lands in Brazil: Launching Biometric Operations in São Paulo
14.11.2024
World, the biometric proof-of-humanness-based project, has finally landed in Brazil and is expected to start operating in the country this week. According to local media, World will initially commence operations in ten different locations in São Paulo, allowing users to register in the network....
Trump’s Dollar Boom Spells Doom for Zambia’s Recovery
14.11.2024
Zambia’s central bank governor, Denny Kalyalya, is sounding the alarm about the strengthening U.S. dollar’s impact on Zambia’s economy. A stronger dollar, fueled by Donald Trump’s election victory, could lead to decreased capital flows, increased inflation, and reduced...
Revolut Launches Standalone Crypto Exchange Across Europe
14.11.2024
Revolut is expanding the international reach of its digital asset services with the rollout of Revolut X in 30 new countries across Europe. This expansion follows the standalone crypto platform’s launch in the UK in May, where it was designed to cater to both professional and retail crypto...
Inside Russia’s Crypto Rules: Sberbank CEO Reveals Key Insights
14.11.2024
Sberbank CEO Herman Gref announced that using cryptocurrencies as a payment method within Russia is currently prohibited by law and is unlikely to be allowed in the near future. Speaking at the “FI day. Blockchain: on the edge of a new financial era” conference in Moscow, Gref clarified...
An Elusive Indian Suspect at the Center of Indiana’s Crypto Fraud
14.11.2024
Authorities in Grant County, Indiana, have recovered $36,000 in a cryptocurrency scam involving Prateek Jain, a 33-year-old man from Kolkata, India. Jain faces charges of felony fraud and money laundering after allegedly convincing a Marion, Indiana resident to deposit funds into a bitcoin ATM...
FBI Raids Polymarket CEO’s Home, Seizes Devices Amid Trump Bet Controversy
14.11.2024
The FBI reportedly raided the Manhattan apartment of Shayne Coplan, CEO of betting platform Polymarket, early Wednesday. The raid followed Polymarket’s accurate prediction of Donald Trump’s 2024 presidential victory, a result that contrasted with traditional polls. FBI agents seized Coplan’s phone...
Russia and China Join Forces to Prevent Global Crisis, Experts Say
13.11.2024
China-Russia cooperation is helping to stabilize the region and avert a global crisis, according to Zhang Hong, a research fellow at the Chinese Academy of Social Sciences. Zhang emphasized that as permanent members of the UN Security Council, China and Russia are working together to uphold global...
Sam Bankman-Fried Movie in the Works Based on Michael Lewis’s FTX Book
13.11.2024
Apple and A24 are in the early stages of developing a film adaptation of Michael Lewis’s book “Going Infinite: The Rise and Fall of a New Tycoon,” with Lena Dunham attached to write the script, Variety has reported. The film will co-develop and co-produce by Apple Studios and...