Until the summer of 2022, Sam Bankman-Fried was widely recognized as a prodigious figure in the world of cryptocurrency. At the age of 30, he founded one of the largest cryptocurrency exchanges globally, earning him the reputation of a prodigious and innovative entrepreneur. Behind Bars or Redemption? The Fate of Sam Bankman-Fried Quick facts: Not … Read more
In the ever-evolving landscape of technology, a significant milestone has been achieved as the Hedera (HBAR) network integrates the ChatGPT plugin, forging a powerful connection between blockchain technology and Artificial Intelligence (AI). This groundbreaking integration opens up new possibilities for users, allowing them to seamlessly manage their accounts and navigate the Hedera platform with greater … Read more
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