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Phantom Wallet Gets a Boost, Adds Support for Sui

6.12.2024
Phantom Wallet, one of the most popular cryptocurrency wallets in the market, has recently announced that it will add support for Sui, an agile blockchain platform offering users fast processing times and low transaction fees. The wallet, which boasts a monthly active user base of over 7 million...

Putin Confirms Digital Ruble Integration in Russia’s Federal Budget

6.12.2024
Russia is set to integrate its central bank digital currency (CBDC), the digital ruble, into its federal budget system starting next year, with nationwide adoption targeted by July 1, 2025, President Vladimir Putin announced at the 15th VTB Russia Calling! Investment Forum. Highlighting ongoing...

Trump Appoints David Sacks as AI and Crypto Czar

6.12.2024
President-elect Donald Trump has announced via Truth Social the appointment of entrepreneur and investor David O. Sacks as the “White House A.I. & Crypto Czar.” In this newly created role, Sacks will lead policy initiatives in artificial intelligence and cryptocurrency, areas Trump describes...

$1.2B TVL Milestone: Fluid Superapp Makes Waves in Decentralized Finance

5.12.2024
Fluid, a decentralized finance (defi) superapp, has attracted $1.2 billion in total value locked (TVL) through its innovative money market and decentralized exchange (dex). The platform delivers groundbreaking features such as smart debt and collateral management. As part of its evolution, Fluid...

BIT Mining Acquires Ethiopian Data Centers and Mining Machines

5.12.2024
BIT Mining (NYSE: BTCM) has agreed to acquire 51-megawatt crypto mining data centers and 17,869 bitcoin mining machines in Ethiopia for $14.28 million. The consideration comprises a cash payment of $2.265 million and the issuance of Class A ordinary shares of the Company with a par value...

Crypto Scam Collapses: Icomtech Founders Sentenced for Ponzi Scheme Fraud

4.12.2024
David Brend and Gustavo Rodriguez, key figures in the cryptocurrency Ponzi scheme Icomtech, have been sentenced to 10 and eight years in prison, respectively, for defrauding thousands of investors. Icomtech falsely marketed itself as a crypto trading and mining company, promising guaranteed daily...

China Stands Firm With BRICS Amid US Tariff Threats

4.12.2024
China has strongly defended the BRICS coalition against the U.S. President-elect Donald Trump’s tariff threats, emphasizing its principles of openness and inclusiveness. Responding diplomatically, Chinese Foreign Ministry spokesperson Lin Jian reiterated that BRICS does not target third parties...

XRP on Fire: Falconx Reports Explosive 10x Growth in Trading

4.12.2024
XRP trading has surged dramatically, with Falconx, an institutional digital asset prime broker, reporting a tenfold increase in volumes during Q4, driven by institutional investors. Austin Reid, global head of revenue and business at Falconx, stated: “XRP trading is on fire. We’ve...

Alex Mashinsky Pleads Guilty to Fraud in Celsius Collapse Scandal

3.12.2024
Former Celsius CEO Alex Mashinsky pleaded guilty to commodities fraud and a fraudulent scheme to manipulate the price of Celsius’s native token, facing up to 20 years in prison. Arrested in 2023, Mashinsky was accused of defrauding customers by misrepresenting Celsius’s financial health to secure...

Brazil Groups Stablecoins With Foreign Currency in New Regulatory Draft

3.12.2024
The Central Bank of Brazil has opened a public consultation on a regulatory draft that correlates the treatment of dollar-pegged stablecoins with foreign currency. The proposed rules, which will now be discussed with relevant stakeholders in the national cryptocurrency ecosystem, would require...

Indian Expert Questions Legality of US Sanctions on BRICS Over Dollar Exit

3.12.2024
Duvvuri Subbarao, former Governor of the Reserve Bank of India, cast doubt on Donald Trump’s proposal to impose 100% tariffs on BRICS nations if they abandon the dollar, calling it legally and practically uncertain. He questioned whether U.S. laws allow sanctions based solely on shifting away...

Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard Services

2.12.2024
Nigerian crypto exchange platform, Bitmama, has temporarily halted its virtual Mastercard services due to unforeseen issues with its provider. This move follows a trend of fintechs in Africa facing challenges with card services, including fluctuating exchange rates, chargeback fraud,...

Coinbase CEO Calls D.O.G.E to Address AML Regulation Failure

2.12.2024
Coinbase CEO Brian Armstrong has commented on the sorry state of anti-money laundering (AML) regulation and its ineffectiveness in preventing crime. In social media, Armstrong highlighted the poor performance of these regulations, stating these constituted a “police failure.” Linking...

China Prepares for Western Sanctions With Russia’s Economic Blueprint

1.12.2024
China is closely studying Russia’s strategies for countering Western sanctions, viewing the situation as a model for preparing against similar economic measures in case of a Taiwan conflict. Beijing has reportedly formed an interagency group to analyze Russia’s experiences, from foreign...

Spanish Securities Watchdog Approves First Tokenization License

1.12.2024
The Spanish securities watchdog, the CNMV, has approved the first tokenization license in the country, opening the doors for tokenizing real-world assets (RWA). Ursus-3 Capital, in partnership with Onyze, is the first consortium that will be able to offer this kind of service to Spanish companies...

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