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 […]
British Pension Fund Invests 3% of Assets in Bitcoin
In a groundbreaking move, a British pension fund has made headlines by allocating 3% of its £50 million assets directly into Bitcoin. Spearheaded by pension specialist Cartwright, this investment marks the first of its kind in the UK, distinguishing itself from common trends of investing in Bitcoin-linked exchange-traded funds (ETFs). This decision comes after extensive […]
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. […]
Italy's Economy Minister Advocates for Crypto Tax Increase in 2025 Budget
Italy’s economy is poised to undergo significant changes as Economy Minister Giancarlo Giorgetti champions a proposal to raise taxes on cryptocurrency capital gains from 26% to a staggering 42%. This move, aimed at addressing what Giorgetti perceives as the excessive risks associated with digital assets, could potentially yield an additional €16.7 million annually for the […]
Crypto Becomes Focus in Close Race Between Trump and Harris
As the countdown to Election Day intensifies, the spotlight is firmly on cryptocurrency in the heated competition between former President Donald Trump and Vice President Kamala Harris. With key states like Georgia, Texas, and Arizona nearing the close of voting, the candidates’ positions on digital assets may become a pivotal factor influencing undecided voters and […]
Crypto firm Gotbit's founder faces fraud charges
Aleksei Andriunin, the founder of the cryptocurrency firm Gotbit, has found himself at the center of a major legal storm. The United States Department of Justice has officially indicted him for allegedly orchestrating a substantial conspiracy that aimed to manipulate cryptocurrency markets. This case highlights the growing scrutiny on the cryptocurrency sector, which has been […]
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. […]
Praxis Raises $525 Million to Develop a Futuristic City Integrating Cryptocurrency and AI
In an ambitious move that could redefine urban living, Praxis, a tech-forward company based in the United States, has announced it has secured a staggering $525 million investment for its visionary project: a city that combines cryptocurrency and artificial intelligence on the picturesque Mediterranean coast. This initiative, conceptualized as a forward-thinking urban environment, aims to […]
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, […]
Singh Avoids Prison in FTX Crypto Fraud Scandal
Nishad Singh, the former chief engineer at FTX, recently gained an unexpected reprieve in the high-profile FTX fraud case that has rocked the crypto industry. Rather than facing imprisonment, Singh received a sentence of three years of supervised release. This leniency stems from his cooperation in the investigation that ultimately implicated FTX’s founder, Sam Bankman-Fried, […]