General News

Hawaii’s Regulatory Sandbox for Crypto Companies Concludes Today

As of today, the state of Hawaii's regulatory sandbox for crypto companies, the Digital Currency Innovation Lab (DCIL), has officially concluded. Consequently, digital currency...

Sony Ventures into Cryptocurrency Market with Whalefin Relaunch

Sony has taken a significant step into the cryptocurrency market by acquiring the Japanese unit of the Hong Kong-based Amber Group. This move, first...

South Korea’s 2nd Largest Chipmaker Plans $75B AI Investment

South Korea's SK Hynix, the country's second-largest chipmaker after Samsung, has announced a monumental $74.6 billion investment over the next three years. This funding...

Polymarket Sees Record $100M Monthly Volume

As the United States presidential election approaches, the decentralized predictions platform Polymarket has experienced a surge in activity, hitting $100 million in monthly trading...

Roaring Kitty’s GameStop Fraud Allegations Likely to Fail

Keith Gill, famously known as "Roaring Kitty" from the 2021 GameStop short-squeeze, is now embroiled in a class-action lawsuit. The lawsuit accuses Gill of...

Nigerian Regulator Highlights Youth Interest in Crypto

Emomotimi Agama, the Director General of Nigeria’s Securities and Exchange Commission (SEC), noted that young Nigerians are increasingly adopting cryptocurrencies, attracted by their secrecy...

Hacks and Fraud Cost Crypto Industry Over $572 Million in Q2 2024

In the second quarter of 2024, digital assets worth over $572.7 million were lost to hacks and fraud, bringing the total for the year...

SEC Sues Consensys Over MetaMask’s Brokerage and Staking Services

The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys, the parent company of MetaMask, alleging the company has been...

IRS Reveals Final Regulations for Crypto Broker Rules

The United States Internal Revenue Service (IRS) has unveiled the final draft of its new crypto broker reporting requirements, clarifying which industry participants will...

Riot Platforms’ Takeover Bid Sparks Board Changes at Bitfarms

In a strategic move to counter a potential hostile takeover, Bitfarms has appointed a new independent board member amid tensions with Riot Platforms. This...

History Associates Joins Coinbase in FDIC Legal Battle

History Associates has partnered with Coinbase in a lawsuit against the United States Federal Deposit Insurance Corporation (FDIC) to compel compliance with a Freedom...

Nigerian SEC Projects $52.5 Million Crypto Market by 2028

Emomotimi Agama, the Director General of Nigeria's Securities and Exchange Commission (SEC), has emphasized the significant benefits that cryptocurrency could bring to the country's...