In the realm of cryptocurrency, appetites for quick returns often lead individuals to uncharted waters. However, recent discoveries have unveiled a disturbing trend where scammers leverage advanced technology and public personas to exploit unsuspecting users. A Moscow-based cybercrime prevention firm, FACCT, has reported that a bot is being used to create deepfake videos of public […]
Societe Generale-FORGE to Launch Euro Stablecoin
In a pivotal move for the cryptocurrency landscape, Societe Generale-FORGE, a subsidiary of the French banking powerhouse Societe Generale, has announced its plan to launch a euro-pegged stablecoin, known as EURCV, on the XRP Ledger in 2025. This announcement marks a significant step in SG-FORGE’s ambition to integrate blockchain technology into traditional finance while adhering […]
UK Plans New Rules for Stablecoins and Staking: A Step Towards Crypto Confidence
The British government is taking significant steps to regulate stablecoins and redefine the landscape of staking, aiming to position the UK as a leading destination for cryptocurrency innovation. The anticipated reforms, expected to be published by December, are poised to reflect a response to recent regulatory scrutiny of digital assets in the US. For many […]
US Senate Plans Bitcoin Reserve Under Trump
The US Senate is gearing up to introduce a groundbreaking initiative that could set the tone for the financial landscape under the upcoming presidency of Donald Trump. With Senator Cynthia Lummis spearheading the effort, the proposal aims to create a strategic Bitcoin reserve, which is expected to securely hold one million Bitcoins over the next […]
Cryptocurrency Market Reaches New Heights Following Trump's Election Win
The cryptocurrency market has witnessed an extraordinary surge, surpassing $3 trillion for the first time, a significant development occurring shortly after Donald Trump’s election to the presidency. This surge reflects a growing optimism among investors regarding the potential for favorable regulation in the United States, a sentiment bolstered by Trump’s previous pro-crypto stance and the […]
Klarna’s Bold Move: Filing for a US IPO Amid Industry Challenges
In a significant development within the financial technology sector, Swedish payment firm Klarna has officially filed for an initial public offering (IPO) in the United States. This decision concludes months of speculation surrounding the company’s plans for a stock market listing and stifles earlier hopes of a European IPO. By confidentially submitting a draft registration […]
New Global Dollar Network to Promote Stablecoin Adoption Worldwide
In a bold move that signifies the growing traction of cryptocurrency in mainstream finance, a consortium of leading financial technology firms has announced the launch of a new stablecoin known as USDG. This initiative, branded the Global Dollar Network, includes prominent players such as Robinhood, Kraken, and Galaxy Digital. The primary aim of USDG is […]
World Liberty Plans Limited Token Sales in the US
World Liberty Financial, a decentralised finance (DeFi) crypto project associated with former President Donald Trump and his sons, has outlined plans to restrict its token sales to $30 million within the United States. This move reflects the company’s strategic approach to navigating a complex regulatory landscape while capitalising on the growing interest in cryptocurrency investments. […]
Blockchain Association Claims SEC’s Crypto Crackdown Costs $426 Million
In recent developments, the Blockchain Association, an advocacy group representing the interests of the cryptocurrency and blockchain industry, has asserted that the US Securities and Exchange Commission (SEC) has incurred significant costs on crypto firms, amounting to over $426 million in legal expenses since Gary Gensler took on the role of SEC Chair in 2021. […]
Ukraine and Russia Lead Crypto Transactions in Eastern Europe
In recent months, Eastern Europe has emerged as a significant player in the global cryptocurrency market, particularly highlighting the activities of Ukraine and Russia. A comprehensive report by Chainalysis reveals that the region has received over $499 billion in cryptocurrency transactions from July 2023 to June 2024. Notably, Ukraine and Russia have taken leading positions, […]