In a recent development surrounding the collapse of crypto lender Celsius, creditors have filed an amended lawsuit accusing the company’s executives of engaging in wash trading. Quick facts: According to a report by Bloomberg, the lawsuit now includes algorithmic trading firm Wintermute as defendant. These allegations add to the growing scrutiny faced by Celsius executives, … Read more
Mitsubishi UFJ Financial Group Inc., the leading Japanese bank, is actively engaged in negotiations with global stablecoin issuers to facilitate the issuance of their tokens through its own blockchain platform. Quick facts: As of June 1, Japan’s stablecoin law has come into effect, permitting licensed banks, registered money transfer agents, and trust companies in the … Read more
BitGo, a leading cryptocurrency custody provider, has faced a setback in its bid to acquire Prime Trust, a financial institution specializing in custodial and escrow services for digital assets. Quick facts: According to a recent tweet from BitGo’s official Twitter account, Prime Trust’s regulatory difficulties have caused the planned acquisition, which was just over two … Read more
In an exciting turn of events, the cryptocurrency market is witnessing a major resurgence, led by Bitcoin’s breakthrough of the crucial $30,000 resistance level for the second time this year. Amidst this market bounce-back, Floki, a rising memecoin, has stolen the spotlight with an impressive 18% surge, overshadowing notable competitors like Dogecoin and Shiba Inu. … Read more
In a remarkable fusion of traditional postage and cutting-edge blockchain technology, the Faroe Islands has made its entry into the world of digital collectibles by introducing a groundbreaking series of “crypto stamps” stored as nonfungible tokens (NFTs) on the blockchain. Quick facts: The official postage issuer of the region, Posta Faroe Islands, in collaboration with … Read more
Ripple, the prominent blockchain-based payments firm, has achieved a major breakthrough with the approval of a Major Payments Institution License from the Monetary Authority of Singapore (MAS). This significant regulatory milestone allows Ripple’s Singapore branch to provide regulated digital payment token products and services, as well as expand the adoption of its crypto-enabled On-Demand Liquidity … Read more
The largest cryptocurrency in the world, Bitcoin (BTC), experienced a significant upswing this week and reached a two-month high thanks to a number of applications for an exchange-traded fund (ETF) that tracks the digital asset. The surge of as much as 14% over the past three days has sparked optimism and renewed speculation regarding increased … Read more
Amidst a tightening regulatory environment for cryptocurrencies in the United States, Gemini, run by the Winklevoss twins, is beginning a significant expansion into the Asia-Pacific region. To facilitate this expansion and tap into new avenues of growth beyond American borders, Gemini has announced plans to hire 100 additional employees. Quick facts: As per the announcement … Read more
Tether Operations Limited (Tether), the company behind the world’s largest stablecoin, USDT, has announced its plan to launch USDT tokens on the Kava blockchain. This move represents an expansion of Tether’s USDT offering, aiming to provide users within the Kava network with access to a trusted and widely adopted stablecoin. Quick facts: As per the … Read more
San Francisco-based crypto payments firm, Wyre, has recently announced its decision to shut down after nearly a decade in business. The company cites the challenging conditions of the crypto bear market as the primary reason for winding down its operations. This move has sent shockwaves through the industry, highlighting the impact of market volatility on … Read more