Crypto Exchange BingX Hacked for $43 Million
BingX, a cryptocurrency exchange, recently suffered a hack that resulted in the loss of nearly $43 million in digital assets. Despite the sizable theft, the company has reassured its users that their…
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US Federal Reserve Cuts Interest Rates by 50 Basis Points After Four-Year Pause
The day the economy has been waiting for has arrived, as the US Federal Reserve has cut interest rates by 50 basis points, marking a pivotal moment in economic policy. This marks…
Revolut Plans to Join Stablecoin Market with New Crypto Offering
Revolut, a leading financial tech firm, is reportedly making strides in creating its own cryptocurrency stablecoin. According to a recent report from Coindesk, the company is said to be “quite far along”…
House Republicans Press SEC Chair Gensler for Clarity on Crypto Airdrops
U.S. Representatives Tom Emmer and Patrick McHenry are demanding answers from Securities and Exchange Commission (SEC) Chair Gary Gensler regarding the regulatory treatment of crypto airdrops. In a letter dated September 17,…
Professor Crypto Alleged For Bot Use Following Award Win
A prominent crypto influencer known as “Professor Crypto” is under fire after being accused of using bots to inflate his social media presence, following his recent win of a “best content creator”…
Australia’s Central Bank Shifts Focus to CBDC with 3-Year Roadmap
The Reserve Bank of Australia (RBA) has confirmed it will not be pursuing a retail central bank digital currency (CBDC) for now, focusing instead on a wholesale CBDC initiative over the next…
BlackRock and Microsoft Announce $30 Billion AI Infrastructure Fund
BlackRock and Microsoft have teamed up to launch a massive $30 billion fund aimed at developing artificial intelligence (AI) infrastructure. The collaboration between the $9 trillion asset manager and the tech giant…
Ex-SEC Officials to Testify on Politicized Crypto Regulation
On September 18, U.S. lawmakers will host a hearing examining the Securities and Exchange Commission’s (SEC) regulatory approach toward the crypto industry, featuring testimony from former SEC officials and key figures in…
Flyfish Club Hit With $750K SEC Fine Amid NFT Crackdown
Two commissioners from the U.S. Securities and Exchange Commission (SEC), Hester Peirce and Mark Uyeda, have expressed strong opposition to the agency’s decision to penalize Flyfish Club, an NFT-themed restaurant, with a…
MicroStrategy Announces $700M Debt Offering to Purchase More Bitcoin
MicroStrategy (Nasdaq: MSTR) has unveiled its third debt offering of 2024, aiming to raise $700 million through the issuance of convertible senior notes due in 2028. The company plans to use the…
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