General News

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...

Morgan Stanley’s $270M Bitcoin Bet Signals Institutional Adoption

In a significant move reflecting the growing mainstream adoption of cryptocurrencies, financial giant Morgan Stanley has revealed a substantial $269.9 million investment in Bitcoin...

Biden Halts CleanSpark’s $19M Bitcoin Mining Deal

CleanSpark (CLSK), an American bitcoin mining company, found itself entangled in the U.S.-China political tensions after acquiring mining sites in Wyoming, near a U.S....