General News

Kraken Maintains USDT Listing in Europe

Kraken, a leading cryptocurrency exchange, has confirmed that it has no plans to delist Tether (USDT) in Europe, despite reports suggesting otherwise. This announcement...

Former Pump.fun Employee Arrested in UK and Release on Bail

A former employee accused of exploiting the memecoin platform Pump.fun for $1.9 million claims he was arrested and charged in the United Kingdom and...

XRPL On-Chain Transactions Surge 108% in Q1 2024

The XRP Ledger (XRPL) witnessed a significant surge in transaction activity in the first quarter of 2024, recording 251.39 million on-chain transactions. This marks...

Venezuela Bans Crypto Mining to Protect Power Grid

Venezuela has joined a growing list of countries restricting cryptocurrency mining due to its substantial electricity demands. The Ministry of Electric Power announced plans...

SEBI Proposes Multi-Regulator Approach for Crypto Assets

The Securities and Exchange Board of India (SEBI) has proposed a multi-regulator framework for cryptocurrency regulation to a government panel. Meanwhile, the Reserve Bank...

BRICS Currency Development Signals Shift Away from US Dollar

Amid ongoing efforts to reduce reliance on the US dollar, officials have confirmed the development of a BRICS currency. According to a TASS report,...

Ghana and Singapore Pilot Trade with Semi-Fungible Tokens

The Bank of Ghana (BOG) and the Monetary Authority of Singapore (MAS) have successfully completed a proof-of-concept for the Digital Economy Semi-Fungible Token (DESFT)...

Point72 and Other Major Hedge Funds Invest in Bitcoin ETFs

Point72, the $34 billion hedge fund owned by billionaire Steven Cohen, who also owns the New York Mets, held $77.5 million in the Fidelity...

Crypto Influencer Pleads Guilty to $1.3 Million Ponzi Scheme

Cryptocurrency personality Thomas John Sfraga has pleaded guilty to wire fraud charges after allegedly deceiving over a dozen victims with fraudulent investment schemes, including...

Genesis Global Approved to Return $3 Billion in Bankruptcy Liquidation

Genesis Global, a cryptocurrency lender, secured court approval on Friday to return approximately $3 billion in cash and cryptocurrency to its customers as part...

OpenAI Partnership Propels Reddit Stock Up by 11%

Reddit (RDDT) experienced an 11% increase in after-hours trading following the announcement of a new data-sharing agreement with OpenAI. The partnership, revealed on May...

SWIFT Plans to Enhance CBDC Interoperability Amid Rapid Global Adoption

In India, commercial banks are processing one million digital rupee transactions daily. This surge in digital currency usage reflects a broader global trend towards...