On Friday, the Phoenix wallet revealed plans to exit the US market, citing heightened regulatory pressure. The Phoenix team confirmed that its non-custodial Bitcoin wallet ACINQ would be removed from the Google and Apple marketplace. The decision to exit from the vibrant US…
In an official communication, the Securities and Exchange Commission in the Philippines issued directive orders to giant tech firms Google and Apple. The SEC ordered Google and Apple to scrap the Binance application from their app stores. The directive aimed to safeguard…
Following the launch of Telegram on the Open Network (TON) blockchain, bad players have been seen looming on the platform to steal Toncoin from the token holders. Cybersecurity company Kaspersky uncovered the news concerning the ongoing suspicious activities on Telegram. The security…
In its recent publication, the US Internal Revenue Service (IRS), in collaboration with tax regulators, unveiled a draft copy of the new Digital Asset Proceeds from Broker Transactions (Form 1099-DA). The new form will be used in 2025-2026 to report the income generated…
The rise in crypto-related crimes has forced the Thai government to take decisive action to restrict the operation of unregistered exchanges. In an April 19 announcement, Thai regulators confirmed that the restrictive measure on noncompliant exchanges addresses money laundering and online crimes. …
In Thursday’s court hearing, the Manhattan jury found the renowned crypto trader Avraham Eisenberg guilty of engaging in manipulative practices while overseeing the operation of Mango Markets. The court claimed that Mr Eisenberg manipulated the prices on the Mango Market in 2022….
Tether, the world’s largest stablecoin issuer, USDT, has revealed plans to undergo a significant restructuring that will cement the company at the desired market position. Having gained dominance in the stablecoin industry, the Tether team unveiled its restructuring plans to broaden its…
With the dynamism in the financial sector, young adults have demonstrated a growing interest in crypto assets. In a recent study by Policygenius Financial Planning Survey, the American Generation Z and millennials have shifted their focus to crypto investment. The research demonstrated…
Following the court ruling on the Sam Bankman Fried case, the defence lawyers plan to challenge Judge Lewis Kaplan’s decision. On Thursday, April 11, the legal team representing SBF filed an appeal notice seeking to challenge their client’s conviction on seven charges. …
In its advanced announcement, the renowned Web infrastructure and crypto mining hardware development company Auradine announced the successful completion of an $80 million funding round. The April 10 series B funding round was led by fast-paced crypto and fintech companies. The participants…
In its Monday update, the renowned crypto firm Hashkey revealed plans to launch HashKey Global, a regulated platform that will facilitate the buying and selling of digital assets. The launching of HashKey Global came days after the exchange secured a license to…
The founder of the famous Russian crypto mixer Tornado Cash has filed a motion in court demanding the dismissal of the criminal charges against him. Earlier, the regulators accused Roman Storm, the co-founder of Tornado Cash, of engaging in money laundering activities. …
In a recent report, the Binance official detained in Nigeria filed a lawsuit against the government for violating human rights. The Binance executive Tigran Gambaryan has been in custody for the past few weeks due to their involvement in money laundering, tax…
In an exclusive interview with the chief executive of Astar Network, Sota Watanabe stated that the partnership with the giant tech firm Sony has proved to be helpful. The executive envisages that in the coming months, the partnership will bring drastic changes…
In a recent development, the Arbitrum Foundation and Weeb3 Foundation teamed up with the famous nonfungible token (NFT) company Azuki to create a new blockchain-powered network dubbed AnimeChain. Under the partnership agreement, the three companies plan to offer an online anime ecosystem…
Following the sentencing of the former chief executive of FTX, Sam Bankman-Fried, crypto executives have teamed up to prevent the recurrence of another financial fraud. In an interview with the DL News, the chief executive of Cube. Exchange Bartosz Lipiński argued that…
On Tuesday, the financial regulators in Britain unveiled new rules for crypto promoters. The new rules target individuals and businesses creating memes on crypto and other investment types. A statement from the Financial Conduct Authority (FCA) revealed that any advertisement or promotion…
As crypto assets establish strong recovery days ahead of the 2024 Bitcoin halving, the key industry players are optimistic that their investment will generate considerable gains. The strong upward trajectory of Bitcoin demonstrates that the entire BTC ecosystem will blossom. A statement…
On Wednesday, March 26, the giant financial institution HSBC launched tokenized gold for retail clients. The HSBC confirmed that Hong Kong users will access the newly launched tokenized gold. While launching the new product, HSBC argued that the tokenized gold demonstrated the…
With the ongoing development of crypto El Salvador president Nayib Bukele confirmed that his administration moved a measurable amount of Bitcoin assets to cold wallets. These Bitcoin holdings will remain locked in a vault. On X the pro Bitcoin president demonstrated that…
